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Author Topic: Is Bitcoin fair for those who buy for the first time now?  (Read 450 times)
Tyrantt
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March 28, 2018, 07:44:21 PM
 #21

I believe I saw the post quite similar to this one a few months ago. Well it's not like there's only one coin, they can start with the small one and when they, hopefully eventually, get some profit then they can invest that into btc. Also, no one says that you have to buy whole BTC coin, you can go for decimals as well.
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March 28, 2018, 07:57:52 PM
 #22

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.

Even as an economist there is room for theory and another for practical. Economics will teach about the risk but would leave the decision to the decision taker who be the one to bear the brunt if anything goes wrong. Even in the most centralized economy with various controls and regulations, information does not circulate in a uniform way some people will surely have access earlier than the others.

When it comes to bitcoin, I don't think there is any need for castigating or talk about unfairness for those who came early because they took the risk when it was unpopular which eventually paid off and come to think of it, a lot of others who might be castigating today, had the opportunity to come across bitcoin at some point but chose to ignore because a whole lot of people here today, 5 years ago had access to the internet but focused on something else. There is a consolation though and that is we are still early adopters.
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March 28, 2018, 08:02:04 PM
 #23

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.
Although there are issues of transaction delays among others when dealing in bitcoin now; I still thinks it is the buy time to buy bitcoin especially for first timers. The price is comparatively low now and would surely rise when held for some time.
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March 28, 2018, 08:09:20 PM
 #24

You may think its unfair for some people who did not started out at the early stage and buying it now but there are still people who will still buy if bitcoin price reaches 50k, so what do we say to them? You should be lucky you seized your opportunity and invested and not been ignorant. I know of people whom have been holding since 2009, and I most times regret my foolishness for overlooking it then.
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March 28, 2018, 11:37:03 PM
 #25

You may think its unfair for some people who did not started out at the early stage and buying it now but there are still people who will still buy if bitcoin price reaches 50k, so what do we say to them? You should be lucky you seized your opportunity and invested and not been ignorant. I know of people whom have been holding since 2009, and I most times regret my foolishness for overlooking it then.
I think there is nothing wrong for the people who are trading bitcoin for the first time but the most important for such people is that they need to be too much careful and should start trading with a little amount, because trading bitcoin with a high amount for a newbie is really too much risky and he more chances to lose money. Therefore  would suggest him to trade bitcoin with little amount.

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March 28, 2018, 11:42:06 PM
 #26

Well, since they will be buying for the first time it will be fair for them because they know the risk that they will take before buying it. Anyway Bitcoin price is changing always so they might profit or lose but what i am sure is if they will HOLD their Bitcoin they will profit in time.

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March 28, 2018, 11:54:51 PM
 #27

There is no justice in the face of wealth!

People who bought BTC in the early days got their money, but there were lots of risks!

People who buy BTC now face a lot of risk.

There are risks and benefits!

If you don't think it's fair to buy another new digital encrypted currency, maybe it's another BTC!
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March 29, 2018, 12:05:16 AM
 #28

If you buy bitcoin to purchase other things with it, it is always fair because you always receive bitcoin worth the money you will spend. If you want to buy bitcoin as an investment, then it is basically a question of taste. Price was already at around $20,000 and we can reach it again, but I personally would invest in newer and unlike lower priced ICO projects. If it will succeed, you can easily have winnings over 1000%. If bitcoin will go back to $20,000, you will just have 150% winnings.
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March 29, 2018, 12:10:35 AM
 #29

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.

Well, I would say that it's not the question of fairness because everyone has their chance to invest early on in cryptocurrency when it started. However, every person has their reason as to why they didn't try it early. For me, it's because I didn't believe at it on the first time, and I honestly though that it was as scheme and that it was not going to prosper, it was my choice then, same as for those people who chose to go for it as a leap of faith.

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March 29, 2018, 12:20:05 AM
 #30

I would day that the earlier who bought bitcoin are tge luckier one. Since they choose to invest for long period of time they actually deserve to gain more than the people who invest just now. Its not yet too late to invest in bitcoin, the future of it is still promising and we might still gain good amount of profit.

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March 29, 2018, 12:32:22 AM
 #31

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.
as an economist you should look in all aspect of every topic you wanna engaged for fairness of it all,but it seems like ALL ISSUES YOUR TRYING TO TACKLE IS NEGATIVITY OF THIS COMMUNITY SPECIALLY BITCOIN,are you really an economist?or another one that wanted to create panic?why it seems that you never mentioned even a single positive things in regards cryptocurrency,if you are really concern about the what you called "first time buyer"you must show concern too in those old time buyers.

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March 29, 2018, 12:50:31 AM
 #32

As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.

Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.

Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.

What do you think?
Thank you.
It would never be fair in the old generation they adopt currency in early stage and besides even if you join i later period you are lucky because you know bitcoin while the price is not too high, don't look on how much you buy the coin look on the development of the project if it is good to buy or not, then if i'm not mistaken you'll find on where you can invest, just make a research on a project before you go through an investment.

I would argue that for the people who hopped on the bitcoin train early, there was a little bit more than just luck to do with it. Maybe they took the time and found applicable uses for blockchain technology / bitcoin in the future and wanted to support that idea. If they were making an educated investment, it's more than understandable why they would have put so much money in early. Of course, research is, as you stated, the number one way to making more money.

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March 29, 2018, 07:33:59 PM
 #33

Isn't the 'market price' of a certain commodity/asset is already a fair price in Economics, especially if it is dictated by supply and demand? So in this case, bitcoin's price is already fair, knowing that the price is just the manifestation of the overall supply and demand in the whole market. As for this people who don't want to buy in because they don't agree to the price, or think that it's too much for them, they always have the liberty to take their money elsewhere, and that's the beauty of a free market.

For the scaling concerns, the LN is the most recent take on the said problem. We can't count on it heavily yet until the final phases are done and could be tested in real-world scenarios. Scaling would always be a problem as more and more people would flock in and use bitcoin in the coming years--hopefully.

Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?

If this is the 'better' option, then why most of the money in the cryptospace are stocked in bitcoin? People who are investing in ICOs are those who are either involved in previous projects that turn out successful and are in search of a new gold mine. But for most newcomers, they'd just stick to what is already 'proven' in their books, so in this case they'd be buying into bitcoin. Many ICOs don't stand out and just die within a couple of weeks. Why risk it there if you are completely clueless on whether or not the project is good?

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March 29, 2018, 07:41:11 PM
 #34

I think it's very fair, in this life who is fast is the lucky one,
who just joined at this time is not believe in Bitcoin ago,
they start playing Bitcoin when hearing the price is high,
whether the profit generated by new players will be equal to that long ago, definitely not.

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March 29, 2018, 08:19:20 PM
 #35

I think it's very fair, in this life who is fast is the lucky one,
who just joined at this time is not believe in Bitcoin ago,
they start playing Bitcoin when hearing the price is high,
whether the profit generated by new players will be equal to that long ago, definitely not.
In fact they have already missed so many opportunity in past, therefore i think that it will be too good for them to trade bitcoin right now. The beauty of bitcoin is that bitcoin is that  is one of the most safe investment in current time and if they will invest money in bitcoin hope that they will not lose money here but will surely give them a very good profit in near future, therefore i think that newbie should start from bitcoin investment.

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March 29, 2018, 08:30:17 PM
 #36

Well I think that it is just fair. Bitcoin is not some kind of lottery. To the first ones who got engaged with, we may say that they were lucky to find bitcoin early. But if we think pf bitcoin's true purpose, which is to provide a decentralized currency with faster transactions in a digital way, the it is fair enough. If we think like this, bitcoin's value would not be an issue here, for me the value does not make any sense at all.
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March 29, 2018, 11:34:41 PM
 #37

Bitcoin's potential is something we can't even remotely imagine right now. Some trolls here made fun of people having bought their coins at +$1000 levels back in 2013, and kept repeating it all the way to the bottom in 2015.

Look at where we stand right now. It's obviously not smart to buy your coins during a serious rally, especially if it isn't based on something highlighting Bitcoin's fundamental progress, but these people did and can't go back.

Some sell their coins and cut their losses, where others accept that it wasn't a great investment in current time frame, but keep hodling because they understand the potential of Bitcoin, and are willing to wait for it.

Current situation isn't any different. People bought at peak levels, and are now facing the same difficulties. One person adjusts to the new situation, and the other just steps out. No one is being forced to stay.

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March 30, 2018, 11:59:42 AM
 #38

Now might be an amazing time to buy. Nobody knows what's going to happen. We could go lower for a few months and then those people are going to be on a massive profit coaster up if the market improves where it dropped back in January. There's just no way to know. If you go on reddit, it just bounces between "the market is dead!! It's a scam!" and "MOON!!!". It'd be pretty cool to come back to this thread next March and weigh in on it.
Yes price will not stay low for long time as it use to rise and fall. Bitcoin price is not remain common at the same time, I know market use to change with investment, if today you will invest in bitcoin then tomorrow you will see the massive progress of bitcoin, yeah if bitcoin price is increasing gradually so get to the bitcoin and hold it for long time, today price is not very high so very easy to buy holding is all the time profit, don’t lose your patience and buy to hold for long time.

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cryptofrka
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March 30, 2018, 12:02:34 PM
 #39

Right now? I would say yes. I would say long-term it was fair even for those that bought at 19k and didn't panic-sell.

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March 30, 2018, 01:31:36 PM
 #40

I believe I saw the post quite similar to this one a few months ago. Well it's not like there's only one coin, they can start with the small one and when they, hopefully eventually, get some profit then they can invest that into btc. Also, no one says that you have to buy whole BTC coin, you can go for decimals as well.

I think that by now everyone is acquainted with the Bitcoin and its usage. Noone is guilty of the knowledge of the certain individuals. People which had invested in BTC when it was on its very start made actually a very smart decision back then. Right now current investors are striving towards the same financial profit that the holders of the Bitcoin from back then have made today. It is not possible because maket is changing. BTC cannot bring so big profit income to the current buyers because the number is decreasing and the price is climbing and it cannot go so high anymore. There are other opportunities for the investors that are being presented in the forms of the ICO projects. These projects are similar to the Bitcoin breakthrough in 2010. Individuals should not greed and be jealous on the holders of the Bitcoins which have recognized the opportunity on time, instead they should think properly and invest in other projects that have even better perspective than the Bitcoin in a long term. Each individual is tailoring his/her own destiny and it is up to them to take the right opportunities and not to look back. There will be more opportunities even if most of them are revealed as a scam. It is up to us to recognize these opportunities and to grab them. We cannot long for the past and to the time when we had the opportunity to grab Bitcoin. A market is fair and for those who don't have enough of the financial assets to invest into the Bitcoin right now - Invest into other projects and coins. Bitcoin isn't the only coin today on the market!

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