To who whined about early adopters that bought cheap coins: now coins are cheap

[Gabi]

So in the past weeks i was reading about people that were like "omg early adopters bought cheap coins, while we can buy them only at 250, it is unfair"

Yeah well, now they are at 100, and some days ago even lower. If what you say is not epic trolling, then NOW is the time to buy.  Or you will come back when bitcoin will be at 500 crying "too high!" ?

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[farfiman]

So in the past weeks i was reading about people that were like "omg early adopters bought cheap coins, while we can buy them only at 250, it is unfair"

Yeah well, now they are at 100, and some days ago even lower. If what you say is not epic trolling, then NOW is the time to buy.  Or you will come back when bitcoin will be at 500 crying "too high!" ?

I think they meant people that bought or mined when it was a few cents to a few dollars but the point is correct.
If/when a coin costs 5,000 ( or more) then 100$ is still "early adopters"

[Gabi]

Well, even after the 2011 bubble, the price dropped at most at 2, much higher than cents, but still, much lower than 32.

The price now is increasing, this may be the last chance to buy bitcoins at a such cheap price.

[wingding]

You argument is too simple. Certainly the price is much lower now. But I believe bitcoins trustworthiiness also has fallen. I was a relatively early adopter, put in quite a lot on BTC, expecting a nice rise. However the rollercoaster behaviour of last few days display some  fundamental weakness. I hva reduced my stakes considerably, not because I distrust bitcoin itself,  but I distrust the market, which I believe is highly manipualated.
 

[tclo]

Well, even after the 2011 bubble, the price dropped at most at 2, much higher than cents, but still, much lower than 32.

The price now is increasing, this may be the last chance to buy bitcoins at a such cheap price.

Price is still extremely high...up something like 500% in the last few months.  It may be your last chance to buy bitcoins at such a "cheap" price or BTC may never reach $150 again...as in NEVER.

It could go either way but the odds of it dropping to 50 are a lot higher right now than it seeing 200 in the next few weeks.

[Rodyland]

If you're in for the long haul (which you should be) then either bitcoin goes to the moon or it goes to zero.

Any drop in price should be greeted with celebration, as it's a chance to buy more. 

[blockbet.net]

People who complained about not being able to buy cheap coins earlier will not buy cheap coins now because there are risks involved

[Bitmeat]

I cant figure out why anyone would call $100 cheap, they were half that a month before, and half that before the bubble started.

Best thing that could happen would be it crashes back to $10-30 and stays there for a few months at least. That will drive out the speculators and manipulators. I doubt that will happen with all the hoarding though.

[GernMiester]

People who complained about not being able to buy cheap coins earlier will not buy cheap coins now because there are risks involved

BAM, nail on the head..

[Xiaoma]

I was one of the people complaining about having to buy over $200 when other had it cheap. Got burned in the last few days but I'm not worried about the future. Now just want more cheap coins

Funny enough, the only place that let me send money quick and cheap is bitfloor, where the price keep coming near $100 but never falling to the level of the other exchanges... I will double my coins when it does.

[Elwar]

The best way to make money is to take no risk.

Just wait until Bitcoin is at a non-risky price and buy as much as you can.

I am sure that has done well for people in the past.

[John Self]

Well, even after the 2011 bubble, the price dropped at most at 2, much higher than cents, but still, much lower than 32.

The price now is increasing, this may be the last chance to buy bitcoins at a such cheap price.

Price is still extremely high...up something like 500% in the last few months.  It may be your last chance to buy bitcoins at such a "cheap" price or BTC may never reach $150 again...as in NEVER.

It could go either way but the odds of it dropping to 50 are a lot higher right now than it seeing 200 in the next few weeks.

Truth

[DeathAndTaxes]

People who complained about not being able to buy cheap coins earlier will not buy cheap coins now because there are risks involved

BAM, nail on the head..

This.  If Bitcoin went below a buck the same people complaining about the unfairness of "cheap coins" would run away screaming Bitcoin has failed.  If Bitcoin recovered and in four years was at $500 again they would be again crying that it wasn't fair other people could buy cheap coins.

Hint:  Bitcoins were "cheap" at one time because nobody even knew they were going to be worth a penny in the future.

[arepo]

now coins are cheap

excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.

[bb113]

now coins are cheap

excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.

This is silly. Averages only mean something if you are sampling from a distribution with a constant expected value. I wouldn't draw any conclusion from such analysis. We even have a plausible mechanism for why price would increase over time.

[revans]

now coins are cheap

excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.

This is silly. Averages only mean something if you are sampling from a distribution with a constant expected value. I wouldn't draw any conclusion from such analysis. We even have a plausible mechanism for why price would increase over time.

Yes, and that very mechanism is why Bitcoin should be viewed with suspicion. Do you really see mass adoption of a currency that gets more and more expensive to new entrants?

[bb113]

now coins are cheap

excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.

This is silly. Averages only mean something if you are sampling from a distribution with a constant expected value. I wouldn't draw any conclusion from such analysis. We even have a plausible mechanism for why price would increase over time.

Yes, and that very mechanism is why Bitcoin should be viewed with suspicion. Do you really see mass adoption of a currency that gets more and more expensive to new entrants?

Yes, because I know bitcoin is useful, I have used it and dont just speculate. Do you really see mass adoption of a currency that gets less and less valuable to new entrants? Initial distribution is completely unfair. Bitcoin is first come, first serve, which is an understandable concept to people.

[Gabi]

now coins are cheap

excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.

Yeah well, bitcoin lifetime= only 4 years. I think it is impressive that in just 4 years it went from 0 to a billion dollar economy never hacked by anyone (sure, services and exchanges were hacked, but bitcoin no)

[revans]

now coins are cheap

excuse my repetition, but remember: Bitcoin has been worth single digits or less for about half of its lifetime. Before 2013, bitcoin had only ever been worth more than $20 for two brief weeks, during a period generally known to all as an aberration.

Yeah well, bitcoin lifetime= only 4 years. I think it is impressive that in just 4 years it went from 0 to a billion dollar economy never hacked by anyone (sure, services and exchanges were hacked, but bitcoin no)

Umm, what of the billions of Bitcoins credited to a wallet by a hack which had to be rolled back?

[ElectricMucus]

Anybody who right now buys at 100 will kick themselves for not being able to wait.
There are a few of you out there who still think they can turn this around, it's exactly the same situation like when I first joined this forums after the bust in 11.