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Author Topic: At what price point per BTC will it be too late for the average person  (Read 2038 times)
Celsiuss
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August 23, 2017, 08:01:21 PM
 #21

Why are you not interested in owning small portions of one bitcoin? I mean, what's the difference? It's up to you when you don't want to own a full bitcoin. Owning bitcoins will always be suitable for the average person since you can own exactly how much you want.

who cares
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Roboabhishek
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August 23, 2017, 09:07:43 PM
 #22

the price of btc now almost equals to 20x of the price was in 2015.
it's not good to say for an average person as he can buy btc with any amount but he wants a specific amount then he has to pay 20 times the amount he could have paid in 2015
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August 23, 2017, 09:50:01 PM
 #23

I think a lot of new people to bitcoin are infatuated with owning 1 BTC
It can easily be bought in fractions, you can buy as little or as much as you can afford.

If you want to get into it just use whatever FIAT you can afford and dont worry about owning 1 BTC

Its never too late to own a Satoshi or two !!!

R


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BartS
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August 23, 2017, 10:06:01 PM
 #24

Hello everyone,

I feel very late to the party with BTC. I have know of it for a couple of years but ignored it. Now I'm super sold and ready to buy my first coin. $4k is huge but not impossible for me. At what price do you feel its too late to own 1 full BTC for the average person?

I'm not interested in owning micro or milli coins.

How much time do we have left until its becomes proper main strain?

Can someone tell me where we are on this chart please?


There is not a specific threshold we can give but I think that when bitcoin reaches 40k it will be impossible for the even the average person in the first world to get bitcoin for investment, but they will be able to get bitcoin for their daily use, at that point only rich people will be able to get bitcoin, that is why it is important to get as much bitcoin as we can in the next five years.
yadi cihuy
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August 23, 2017, 10:15:58 PM
 #25

If you want to have bitcoin with 1 btc it will need a lot of money .. because bitcoin price today I am expensive .. but if you lot of money buy bitcoin and save it for your future. I think you can buy bitcoin just a little money You .. bitcoin investment not necessarily 1 btc you can buy 0.1 btc or 0.001 btc .. you can already get profit. The bigger your investment the greater the profit ..You are not too late to have bitcoin .. if you have money .. i am sure bitcoin price will continue to rise

Bigmacduck
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August 23, 2017, 10:21:15 PM
 #26

Price does not matter if there is growth. If you can make 1000% in 5 years, then it is still a good investment, regardless whether you buy a bitcoin (or fraction thereof) at a price of 1,000$ or 100,000$.
Either way the maximum loss is only 100%

So it depends how much hard earned cash you are willing to invest and multiply, or can afford to loose without ruining your life.
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August 23, 2017, 10:35:25 PM
Last edit: August 23, 2017, 10:52:40 PM by Bigmacduck
 #27

1BTC for each person? I think that's impossible since total human is more than total bitcoin. But if we want to think with graph, i think we're between "Innovators" and "Early Adopters".

Now in August 2017 only 16.5 million people could own one bitcoin each if possession would be evenly distributed. There are many that have more than one BTC and millions who have only fractions of it. So if you can afford to buy one now and hold on to it for 10 years, then you are one of the very lucky choosen ones. So folks don't wait buing your coin.

Fortunately most people cannot hodl for psycological reasons and they will always trade for a profit, be that 50% or 5000% profit. And it is good this way because otherwise, it would not be traded and therefore no value.  For markets to function we need greedy people, enthisiastic people, panic sellers, doomsday priests, profit takers, day traders, etc. me for my part I am a hodler for many more years to come.

But there is also a time in the future when I will start to sell, probably once I retired to fulfil some of my dreams and get a more luxurious life after work if it still exists by then. Remember that you cannot eat BTC and you can also not take it with you. So with my last breath, I want to have spent or donated my last BTC.
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August 23, 2017, 10:49:31 PM
 #28

Hello everyone,

I feel very late to the party with BTC. I have know of it for a couple of years but ignored it. Now I'm super sold and ready to buy my first coin. $4k is huge but not impossible for me. At what price do you feel its too late to own 1 full BTC for the average person?

I'm not interested in owning micro or milli coins.

How much time do we have left until its becomes proper main strain?

Can someone tell me where we are on this chart please?


Its not to late to buy bitcoin. I think buy bitcoin that you can afford. A months ago I buy $500 because can afford the 1btc = $1500 that  time.

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August 23, 2017, 11:46:05 PM
 #29

And what's wrong with having amount smaller than 1 btc?
Right now, many people can't afford to buy full 1 btc. In poor countries they need to work few months or even years to earn such amount of money, it's obvious that they can't afford to buy 1 btc. And if you live in average or rich country, $4000 is also serious amount and not many can put it into bitcoins.
Also, limited supplie of btc means that only small part of population can have 1 bitcoin and more. Sad reality that mostly of people will never have 1 bitcoin.

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August 23, 2017, 11:56:51 PM
 #30

I'm with the OP on this topic. I'm new to this bitcoin era, and I'd very much like to own bitcoin. The price is very high right now, but hopefully even if we buy now, and the coin dumps, we can just buy more so it averages out in the end. I also don't think it will ever be late for the average person to own BTC, because owning BTC could mean owning 1 satoshi, which is extremely affordable... for now
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August 24, 2017, 12:04:54 AM
 #31

"The average person" is a pretty meaningless term. A lot of people will never have access to $4000 worth of savings that they can put into BTC all at once.
Yeah except it's not easy to buy unless you create a coinbase account.   I'm talking about the average person who isn't a computer engineer or nerd.  They're not buying bitcoin for a long time, if at all.

It's not too late to buy, but I think OP might be getting a little too excited.  No need to rush. I can hear the roar of FOMO, and it's deafening.

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August 24, 2017, 12:12:29 AM
 #32

Strangely it happens just the same with a good friend of mine. He says he is too late, that BTC is too high, and does not really want to buy a fraction of a Bitcoin. But that does not make much sense... fraction or not, it will go up eventually. You can imagine you have 10 million satoshi if you want.

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August 24, 2017, 12:13:56 AM
 #33

We can say we ate still early adopters because bitcoin is still very young and there is still a lot of space for growth development and price wise. Like others said, there is nothing wrong in purchasing bitcoin in small amount until you got a whole one.
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August 24, 2017, 02:25:53 PM
 #34

Buy 0.1 BTC if you can't afford 1 BTC. I think you will never be too late. You might need to wait a bit longer depending on the buying point, but I would call it a good long term investment.

I agree but I also would like to add just go for it and own a whole bitcoin. It feels nice try it ! Say I have a whole bitcoin !! Doesn't that feel nice ? See so you should buy and hold 1bitcoin always. The rest for trade to grow that 1btc.
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August 24, 2017, 02:32:01 PM
 #35

Hello everyone,

I feel very late to the party with BTC. I have know of it for a couple of years but ignored it. Now I'm super sold and ready to buy my first coin. $4k is huge but not impossible for me. At what price do you feel its too late to own 1 full BTC for the average person?

I'm not interested in owning micro or milli coins.

How much time do we have left until its becomes proper main strain?

Can someone tell me where we are on this chart please?



you can buy less bitcoin, so your question look a bit silly lol, but if you mean only to buy a whole bitcoin and not fraction i guess that already now average joe have an hard time entering this market

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August 24, 2017, 03:13:18 PM
 #36

Buy whatever you can now before new ATH's are reached. You may get some byteballs and november-fork coins for free in the meantime too, if you time your buys.

November-december usually is bull time, and things get more bullish because of the possible hardfork later this year
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August 24, 2017, 03:27:11 PM
 #37

I will tell you something that have been proved over and over and over again . With BTC is never too late . What if you did not buy now and decided to wait to buy cheap ! only to find that BTC became $5000+ Smiley . If you are in for long term it does not matter at what price you buying because eventually BTC will break that price and move up it may take sometime or it may not . Really no one knows . But for sure BTC is keep breaking points from the moment it created .
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August 24, 2017, 03:33:11 PM
 #38

No one can predict that. IMO, Bitcoin has the potential to increase its user base by at least 10 times. And the exchange rates can also rise by that much, to around $40,000 to $50,000 per coin. So I would say that the threshold is at $50K.
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August 24, 2017, 03:35:54 PM
 #39

There is no time that is too long to earn one bitcoin,  it's just the matter of time and patience. I have not gotten up-to one bitcoin in my wallet,  but I know some day I will,  it's just patience that matters.
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August 24, 2017, 03:43:55 PM
 #40

I'll rather say you came at right time. Of course you missed some initial years. But don't you think people weren't that sure of Bitcoin's future before as they are today. No uncertainty and a huge demand and price. Bitcoin is in a strong position today and now you can invest without any fear or uncertainty. Still Billions of people don't know about it and serve as a potential customers which will take the price to moon. SO, start investing.

Buy 0.1 BTC if you can't afford 1 BTC. I think you will never be too late. You might need to wait a bit longer depending on the buying point, but I would call it a good long term investment.

I agree but I also would like to add just go for it and own a whole bitcoin. It feels nice try it ! Say I have a whole bitcoin !! Doesn't that feel nice ? See so you should buy and hold 1bitcoin always. The rest for trade to grow that 1btc.
People don't invest for feeling nice. They do it for earning profit and for that you need not to have a whole Bitcoin. I just don't understand the craze of owning a whole Bitcoin. Whatever you have just invest in and enjoy the returns because ultimately you want to earn profit of your investment.
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