Kemarit
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Activity: 3094
Merit: 1354
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August 24, 2017, 04:02:27 PM |
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Well it's already too late for an average Joe living in a developing country, 4k is a lifetime of savings for some of these people, so they won't risk investing in something which they can't touch. It's definitely out of reach of approx 1.5 billion people at least from around the globe imo. Think it like this, most people in developing countries live on 3-5$ per day. That is around $150 per month approximately, take out their expenses and you hardly get any savings. So you are still lucky to get a full bitcoin imo.
I lived in a 3rd world country so if I'm gonna target 1 full BTC will be hard because of the steep price right now at $4000. Its like even 1 year salary for most of us here. However, the best method for me is to just buy in portion and I guess it will accumulate overtime and maybe I can see 1 BTC in my wallet. 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+  . 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 . Yes, its never really too late to enter and buy some bitcoin. Its that some are really constraint because of the high price right now. Nevertheless, if you think that bitcoin is a good investment, then why not, buy what your money can afford and see how it grows in the future. But you need to have a lot of patience and not sold it because the chance of bitcoin price increasing is very likely. |
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Thekool1s
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Activity: 1512
Merit: 1218
Change is in your hands
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August 24, 2017, 05:37:38 PM |
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I lived in a 3rd world country so if I'm gonna target 1 full BTC will be hard because of the steep price right now at $4000. Its like even 1 year salary for most of us here. However, the best method for me is to just buy in portion and I guess it will accumulate overtime and maybe I can see 1 BTC in my wallet.
Well you might be able to buy it, but the fact is that the working class which is the majority will not even use bitcoins in their lifetime so that is a lot of people who will never even own a single Satoshi. From my estimates there are around billion people in Asia only, who don't even understand how smartphone works so, by the time they come up to speed with bitcoin it will be too late imo. |
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severaldetails
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August 24, 2017, 05:43:54 PM |
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I lived in a 3rd world country so if I'm gonna target 1 full BTC will be hard because of the steep price right now at $4000. Its like even 1 year salary for most of us here. However, the best method for me is to just buy in portion and I guess it will accumulate overtime and maybe I can see 1 BTC in my wallet.
Well you might be able to buy it, but the fact is that the working class which is the majority will not even use bitcoins in their lifetime so that is a lot of people who will never even own a single Satoshi. From my estimates there are around billion people in Asia only, who don't even understand how smartphone works so, by the time they come up to speed with bitcoin it will be too late imo. I do not think it will ever be too late to start buying bitcoinns. Or earning them. Even if the price rises, then you buy smaller amounts. Nobody says that you have to own a complete bitcoin. If you want to invest, invest the amount you can. That is not going to change, even in years. The only thing you have to keep in mind are the transaction fees. But this problem is something that is being worked on. |
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webmastax
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August 24, 2017, 05:44:13 PM |
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It's never late to hold bitcoin. It's continuing to rise. You can hold any fraction of bitcoin if you believe on it.
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dreamer81
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August 24, 2017, 05:46:15 PM |
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Once bitcoin reaches 10.000 USD, only people that wants to invest can buy a whole coin. Up till 10k its just funny money.
I am hodling!
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CryptoBry
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August 24, 2017, 05:50:31 PM |
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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.
As of now, nobody is too late for Bitcoin. Maybe when BTC can already be hovering around $100,000 then I could say it is too late but then again if BTC can be $500K then at that level it is not also too late. The more a person thinks that it is too late then the more he will not jump into the opportunity...I think being late is on a mindset. |
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Skieleton
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August 26, 2017, 01:22:29 PM |
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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.
As of now, nobody is too late for Bitcoin. Maybe when BTC can already be hovering around $100,000 then I could say it is too late but then again if BTC can be $500K then at that level it is not also too late. The more a person thinks that it is too late then the more he will not jump into the opportunity...I think being late is on a mindset. Depends on how much money we have for investments. Even $ 100,000 for many people is the price to jump. BTC generally is already expensive . |
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n0ne
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August 26, 2017, 01:29:59 PM |
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Though the price stays above $4000, it's quite an affordable price for average person. In specific however the price grows higher the lowest denomination availability makes it to be the affordable one. Right now for the people who are planning to invest into bitcoin has got the opportunity to invest through bitcoin cash which is the version 2.0 of bitcoin though it's considered as an altcoin.
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Rj Manik
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August 26, 2017, 01:37:20 PM |
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Buy hurry up,when it's price are fall.Because as soon as possible Bitcoin will gone $50,000.
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fasdorcas
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August 27, 2017, 07:24:26 AM |
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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.
The current worth of bitcoins is a huge one but if we do its comparison with the price that it will acquire in future, we will feel it cheap at the moment. Though, some of us are late and it was not as expensive in the past as it is now. However, investing in bitcoins today will give tremendous profits tomorrow. |
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futile-resistance
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August 28, 2017, 09:51:47 AM |
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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’t really tell, because every country currency are not equal. But calculating by the USD, I would saythe price point that would be late for an average person is at least $10k, $20k and $30k (adding countries with low value currency, I would say it’s around $5k). |
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Netnox
Legendary
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Activity: 2044
Merit: 1008
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August 28, 2017, 11:50:52 AM |
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I think btc has 6/7 million adopters. Too late would be when 100 million adopt the btc.
You can't predict the maximum number of users. If the 100 million mark is reached, what prevents it from expanding the user base to 1 billion individuals? You need to note that more and more people are getting tech savvy now. |
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Shateriere
Newbie
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Activity: 20
Merit: 0
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August 28, 2017, 12:03:56 PM |
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its was never too late and it is never too late.
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salihno71
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August 28, 2017, 12:42:33 PM |
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What does exactly "too late" mean? It might be too late to buy it for 2$ and sell it for 2k$ but it's still not too late to buy some for the current price and sell it once price is higher for profit that is if the price continues to climb. Also it's not too late to buy it and use it to purchase something what is sold for btc.
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xJuturna
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August 28, 2017, 12:48:01 PM |
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That "It's too late" attitude already being in someone's head means it's already too late. It doesn't really matter what the valuation of it is, you can still invest little by little and it will accumulate over time. Bitcoin will come down again, and more than likely not just once and this will be the time for an "average" person to buy. As long as bitcoin is profitable and continues an upward trend then there is no reason not to invest some money and time into it regardless of what the price point is. Buy low sell high
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Sir Cross
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August 28, 2017, 01:04:14 PM |
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At this point, I think the average person can't afford to buy one BTC. Even I can't. Maybe an average person can buy less, like 0.1 or 0.01. The price will continue to increase and I think it will come a point that the average person won't even afford to buy such amounts. Don't lose hope, because its not "too late" there are still ways for you to buy bitcoin or invest on it despite the high price.
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aretebit
Member
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Activity: 84
Merit: 10
All that glitters is not bitcoin
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August 28, 2017, 01:10:25 PM |
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It only could be late with 1 condition: if the fiat currencies become valueless.
In other cases it will never be late.
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Dirty evil government thieves: Return me my money!
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anon4250158
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August 28, 2017, 01:32:39 PM |
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$4000+ is too high for the average person to buy real amount of BTC anymore. That's even in countries where $4000 is only a fraction of annual income, so people in developing countries are going to have a very hard time getting into bitcoin at this point.
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valentin68
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August 28, 2017, 02:28:57 PM |
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My guess is that you are between 50 and 60 years old and you can afford to buy one bitcoin. Go for it, buy it now, it won't make you a millionaire, but in 10-20 years from now you will have your retirement assured from this bitcoin. I'm 49 years old and I just sold one month ago all the bitcoin I had (0.5 bitcoin), now I try to make this money (0.5 bitcoin) in the coming years, in 10 years I could probably buy something big from this money.
Or if you want another advice, buy 50 Litecoins and 50 000 Dogecoins. It will cost the about the same and in 5-10 years you will be a millionaire
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grumpygit
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Activity: 60
Merit: 0
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August 28, 2017, 02:55:25 PM |
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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? http://www.valuebasedmanagement.net/images/picture_rogers_adoption_innovation_curve.gifNo idea how much research you have done, but I suggest you look into how big this could possibly go, 2017 could well be seen as the early lucky days for those getting in when the 2020's arrive, but of course they could tank as well What I am finding strange and at the same comforting about the bitcoin is that so many brainy people and business types are now starting to speak highly of bitcoin while the mainstream are still scared to death of it. I now find it amazing that so many people will have have 5 or 6 figure sums in banks with no worries and yet they still question bitcoin, the most honest fiat currency of the lot IMO. It is very possible that you are far from being too late, just look at this forum for example and the size of it's membership, there is a lot of interest out there. I am never going to tell anyone of here how much bitcoin I have except that it is one or above, and if I am correct there is only 16 million of them out there, just think about the numbers and possibilities , research research and research and then take a calculated risk if you are happy without going All in |
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