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Author Topic: Is it too late to start with bitcoin?  (Read 10402 times)
bhadz
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April 03, 2016, 04:26:09 PM
 #41

Im new to bitcoin and i have been dealing only with faucets but they are very boring but the other ways to earn bitcoins needs knowlege and i have seen that bitcoins are beeing all mined. So does it has place for we begginers?
for start to mining i guess you are late because lot of people said mining aren't profitable any longer but you still can earn bitcoin from other way such faucet as you said ,signature campaign or trading activity and that's all good to start earnings bitcoin

sir @nahl is it still profitable to earn with mining I guess it isn't? And after bitcoin halving I guess it would be hard to get bitcoin with miners?

mikehersh2
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April 03, 2016, 05:00:28 PM
 #42

Although it used to be easier to earn when it first began, it is not too late at all. One good way to start besides faucets is signature campaigns. you can write on the site and learn about bitcoin in the process, and earn a small amount for urself.

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templebar
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April 03, 2016, 05:57:30 PM
 #43

you can start with some cheap altcoins and do some trading.
sana54210
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April 03, 2016, 06:16:33 PM
 #44

There is a one famous quote, posted my some veteran member here :

Quote
The late adopters of bitcoin yet to born.

Believe. This is 100% true. Bitcoin is going to be global payment method. It's value may hit unimaginable levels.

So, mining bitcoin or saving bitcoin are still possible but requires reasonable higher set up/cost as per present trend.
Yes, definitely it is not "too late' to start with bitcoin. But late...

templebar
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April 03, 2016, 07:45:34 PM
 #45

There is a one famous quote, posted my some veteran member here :

Quote
The late adopters of bitcoin yet to born.

Believe. This is 100% true. Bitcoin is going to be global payment method. It's value may hit unimaginable levels.

So, mining bitcoin or saving bitcoin are still possible but requires reasonable higher set up/cost as per present trend.
Yes, definitely it is not "too late' to start with bitcoin. But late...
Thats exactly what people thought, when bitcoin hit $1 for the first time. Wink
Rude Boy
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April 04, 2016, 02:56:48 AM
 #46

instead of mining, I would suggest buy some Bitcoins. Because, mining requires specified equipments which is high cost and it takes some time to get ROI. In the mean time, you may get some decent amount by trading.
romero121
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April 04, 2016, 03:16:23 AM
 #47

you can start with some cheap altcoins and do some trading.

Don't entirely go with altcoin trading. Altcoins give profit only at some specific times when it experience price increase. Bitcoin is not the same. It has got a stable growth, so trading won't get affected.

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xxxDD
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April 04, 2016, 03:18:49 AM
 #48

We always welcome everyone, start now ,at least you will be earlier than other that didnt start now Smiley
losoya
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April 04, 2016, 03:31:24 AM
 #49

you can start with some cheap altcoins and do some trading.

Don't entirely go with altcoin trading. Altcoins give profit only at some specific times when it experience price increase. Bitcoin is not the same. It has got a stable growth, so trading won't get affected.

stay away from low value altcoins, they are scams, go with big trusted ones like ethereum or dogecoin.

you can trade them easily and it can make some profit.

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April 04, 2016, 03:54:42 AM
 #50

instead of mining, I would suggest buy some Bitcoins. Because, mining requires specified equipments which is high cost and it takes some time to get ROI. In the mean time, you may get some decent amount by trading.
yeaa basically mining is still profitable , but nowadays a home mining/solo mining or even small farm mining will not give you a profit.
trading is a better option for now yeaaa.
however there is no words "too late" to getting start , so go ahead.
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April 04, 2016, 05:27:56 AM
 #51

you can start with some cheap altcoins and do some trading.

Don't entirely go with altcoin trading. Altcoins give profit only at some specific times when it experience price increase. Bitcoin is not the same. It has got a stable growth, so trading won't get affected.

stay away from low value altcoins, they are scams, go with big trusted ones like ethereum or dogecoin.

you can trade them easily and it can make some profit.
New alts are usually pump and dump projects created simply for that purpose. So yes, stay away if you are newbie - if you are old wolf you can try to trade it and you could be lucky.
If you could trade DOGE or ETH then you can also trade BTC on the same level without problems. With halving approaching I think there will be more room for speculation in the future.
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April 04, 2016, 05:41:30 AM
 #52

It is if you don't even work.
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April 04, 2016, 10:51:41 AM
 #53

Yes but you have started in onther time. Now bitcoin is very hard to get it

It is just as easy to get as it ever was, it is just more valuable now in terms of Fiat so you get a smaller fraction of a bitcoin than people would have years ago. You go to a faucet today, and you might make 20 cents or about ~0.0005 BTC after some effort. Five years ago you could have earned 1 Bitcoin with a bit of effort, but at the time it was worth that same 20 cents. So in terms of Fiat value, you are getting the same amount for your effort.
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April 04, 2016, 11:22:58 AM
 #54

Im new to bitcoin and i have been dealing only with faucets but they are very boring but the other ways to earn bitcoins needs knowlege and i have seen that bitcoins are beeing all mined. So does it has place for we begginers?

It is never too late to start on something. It is good that at least you had some knowledge in bitcoin by earning from faucets. To me this was a nice decision you made and a proper way to start. Another important decision that you made was joining this forum. From this group you will be able to learn a lot in regard to bitcoin. Take your time to go through the various topics and sections and educate and update yourself on what's trending in bitcoin.
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April 04, 2016, 12:31:31 PM
 #55

you can start with some cheap altcoins and do some trading.

Don't entirely go with altcoin trading. Altcoins give profit only at some specific times when it experience price increase. Bitcoin is not the same. It has got a stable growth, so trading won't get affected.

stay away from low value altcoins, they are scams, go with big trusted ones like ethereum or dogecoin.

you can trade them easily and it can make some profit.

Only at times you could see these altcoins grow and gives good profit on trading. Bitcoin is different from those, it has a stabilized and gradually increasing factor which gives profit any time based on its price.

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April 04, 2016, 02:57:13 PM
 #56

you can start with some cheap altcoins and do some trading.

Don't entirely go with altcoin trading. Altcoins give profit only at some specific times when it experience price increase. Bitcoin is not the same. It has got a stable growth, so trading won't get affected.

stay away from low value altcoins, they are scams, go with big trusted ones like ethereum or dogecoin.

you can trade them easily and it can make some profit.
New alts are usually pump and dump projects created simply for that purpose. So yes, stay away if you are newbie - if you are old wolf you can try to trade it and you could be lucky.
If you could trade DOGE or ETH then you can also trade BTC on the same level without problems. With halving approaching I think there will be more room for speculation in the future.


I think altcoins are an excellent place for any beginner to start their journey to learn how to trade. of course not all of them are a good start but that is a part of the learning experience.
since the market is smaller and changer are bigger there is more chance of profiting and it is a good way of turning small amounts of bitcoin into much more.

Only Bitcoin
lrdeoliveira
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April 04, 2016, 03:52:48 PM
 #57

Im new to bitcoin and i have been dealing only with faucets but they are very boring but the other ways to earn bitcoins needs knowlege and i have seen that bitcoins are beeing all mined. So does it has place for we begginers?

no it's no late to start whit bitcoin, it's better a little late than never. You can check bitcoin.com for the majority of the info or maybe take a look on the various section of the forum, welcome on board.
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April 04, 2016, 04:04:38 PM
 #58

I think I was too late to start with bitcoin, as I entered the world of bitcoin 1 year ago, If I would be an early adoptor then I think scenario would be different for me.
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April 04, 2016, 04:10:42 PM
 #59

Still its a good time to enter bitcoin because bitcoin has a lot of potential in future so you are not late, welcome to bitcoin world
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April 04, 2016, 04:27:44 PM
 #60

Bitcoin being made on 2009 but I was know bitcoin on 2014
People can judge that I'm already late but as long as you have some determination to keep learning new technology ( bitcoin ) you are never late to starting now

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