Is Bitcoin fair for those who buy for the first time now?

[warrior333]

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.

It seems to me that it is too early to buy bitcoin. A lot of millionaires bought their bitcoins at the price of 1500-2000$. Selling your bitcoins now they keep 300% of the profits. No one can guarantee that they will not keep their bitcoins further. We can see even more price drops. Long-term storage of bitcoin used to be risky now it's getting dangerous.

[hitrawal91]

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.

Yes, I agree that it is not fair for those freshers and beginner who have recently entered the crypto market and I am pretty much sure that they might not be knowing about the power of Bitcoin moves and other crypto coin movements where wonders are used to happen every month. As a trader i would like to add that it is not their fault in entering in this market too late, market dynamics used to change when there is huge participation goes on increasing and when there is a shift in nature of total demand and supply, which can be seen truly in the current market. ICO's are really a good alternative option for investment purposes.

[cryptofrka]

I entered Jan 15. Bought first BTC at 13.500. Current total loss is less than 10%, last month made profit. We have only ourselves to blame.

Learn, adapt, like what you're doing. If you don't like it, don't understand it or don't want to learn, entering a market this volatile is really a gamble.

Hell, it's a gamble even if you do everything right.

TBH, i love it that I entered during this period. Learned a lot just to keep my head above the water.

[jona]

These guys are multimillionaires as we talk,they actually take the right step by investing on bitcoin,but today people are still afraid of investing on cryptocurrecy it may be the right time to also take the advantage

[clrpod]

As an economist you should know that the market price is always the 'fair' price. If people don't want to pay it for whatever reason then they won't. If you are intent on using bitcoin to purchase goods and services as it's intended then it does not matter if you buy at $1 or $10000, the use is exactly the same.

Scalability is a clear issue and it's being worked on, it's not so prevalent right now because there aren't huge amounts of transactions but we saw in November/December what an increase in transactions can do to fees and transfer times.

Again I question your reasoning for investing, if you are looking for profit from an investment then maybe an ICO is better for you, or if you are looking for something different to bitcoin then an ICO again could be best. But if you want bitcoin and its futures then there is no reason to look to an alternative.

I fully support you. The mistake of many people is that they forget that bitcoin is a currency. They dream about what buying 1 bitcoin, they can't work until retirement and always to earn an income due to the growth of prices on the bitcoin and attract new users. I see this as an attempt to turn bitcoin into a pyramid.

Bitcoin will never reach the vision of becoming an adopted currency until people can get over this idea that bitcoin is designed to make them rich. It was not the intention, if it's a by product of people who support and use bitcoin then great but it should never be the focus.

[BagzMM]

These guys are multimillionaires as we talk,they actually take the right step by investing on bitcoin,but today people are still afraid of investing on cryptocurrecy it may be the right time to also take the advantage

Nobody is will force us to buy bitcoin so it's fair to everyone that it's their choice to buy bitcoin wether it in high or cheap price as due to volatility the price may go in any direction. It's our choice to enter crypto or not.

[Kittygalore]

Right now the price of Bitcoin is pretty much on the low right now and it is in favor for those beginners who is just thinking about buying Bitcoin because this is the right time to buy because of the enormous price drop that just happened there's a high potential for you to get that profit since Bitcoin went down so deep you can assure that it will get back on its track very soon and might get that little profit then play safe again and sell when you gained your little profit.

[nikola22]

Right now the price of Bitcoin is pretty much on the low right now and it is in favor for those beginners who is just thinking about buying Bitcoin

but who knows is this price low enough to buy bitcoin or it will fall further? may be we will see $5000 for bitcoin or even lower.

[okala]

I told a friend about bitcoin and he bought in January when it was around  $14,650 and until now he is still holding. I also told another friend early this month that bitcoin is recovering and he can join the train by buying now and he embark on that and bought around  $10760 but now he is complaining that he has loose money. I encourage them that if the can hold bitcoin is going to grow again and if the sell now they will loose they investment.

[komjhq]

Right now the price of Bitcoin is pretty much on the low right now and it is in favor for those beginners who is just thinking about buying Bitcoin

but who knows is this price low enough to buy bitcoin or it will fall further? may be we will see $5000 for bitcoin or even lower.

I think that the most profitable acquisition of Bitcoin was back in 2009. To date, these people have already collected a fairly large fortune. Therefore Whatever the price for Bitcoin is for today, it is still quite large for us.

[Harper6]

These guys are multimillionaires as we talk,they actually take the right step by investing on bitcoin,but today people are still afraid of investing on cryptocurrecy it may be the right time to also take the advantage

The fairest investment is the bitcoin right now for them as they actually know what they are investing and what will be the output so they are not afraid of the price rise and fall, bitcoin is being invested by thousands of people in my society and most of them are millionaires. If you will buy bitcoin at very high price it will decrease the profit, so try to buy bitcoin when you see market is a bit down and you can get bitcoin at fair price, so right now bitcoin is not very high in price you can invest it is perfect and fair price after all,.

[pitiflin]

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 to start with,i read an interesting statistic saying that of all icos in history 81% are scams, 8% have managed to get their coins listed on an exchange and the rest disappeared after sometime. I am not sure where exactly I read it, but i did read it. Comparing the statistic with bitcoin, bitcoin's dev aka Satoshi has never scammed anyone.
If you really worry about economies and their issues, bitcoin isn't the problem. Get them food first worry about bitcoin later.
For people who are not familiar with bitcoin, it would be much better if they stick to stocks cause they don't have to worry much when compared to the complications crypto has.
I am a big fan of new technologies but with so many scams going around, you really don't know what's scam and what's legit. Because nor every scam nowadays is too good to be true. They seem legit until....

[orarider]

Indeed, bitcoin is programmed to operate independently. Bitcoin does not distinguish new or old investors. Anyone can be successful at first joining bitcoin. They can earn high profits when bitcoin prices reach the top. I think this is an advantage of bitcoin.

[gantez]

I don't believe that bitcoin limits anyone from investing. Some of the early adopters were lucky while some felt it to have great potential in the future and they decided to invest.

[Shenzou]

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.

This is probably one of the biggest issues of bitcoin these days, and that is scaling, in the past every time bitcoin got up in price it gave an opportunity for people to join in and get profit if they want to at a point where buying bitcoin to the average person became a really hard thing to do because of the price, so people started looking for other cheaper alternative which they found in ICOs, not only that but last between the tow last months the bitcoin network was a mess transaction were stuck for days miner fees reaching ridiculous prices, all of that because of the high flow of traffic and people that got into it, but hopefully with the lightning network things will get much better as it will solve this whole process by letting bitcoin be implemented in the instant micro transaction payment.

[Bythebass]

Indeed, bitcoin is programmed to operate independently. Bitcoin does not distinguish new or old investors. Anyone can be successful at first joining bitcoin. They can earn high profits when bitcoin prices reach the top. I think this is an advantage of bitcoin.

Also keep in mind that bitcoin is very very volatile you might loss everything in just one snap so make sure you invest wisely.

[jak3]

I did not think it is true, of course, if people join the network 5 years ago and they can be millions by now but even now we are well aware of the peak price of Bitcoin and those were joining Bitcoin right now there late but if they can hold their investments they can really earn some profit from it. Trading is never too hard for someone it's just one should know when to wait and when to invest their money and even does mistake for the first time but a trading you have a very good chance for recovering your losses. Show all the newbies can keep trying for the best because hard work is going to get the money they want.

[Altf4]

As for fairness you say , when you are first time to buy bitcoin now and the price is high , then you do not buy, so what time will you wait in buying so you make your own unfair ,waiting for price to go low , then you hsve not started , first time to buy now , buy immediately  and you can trade your coin in future with a little gain at least you started your investment in bitcoin.

[cahbagus555]

There is always opportunity for new comer to make profits in cryptocurrency. In cryptocurrency world, price always leave on market floor, and its depending on supply and demand. I think its fair if people who first buying bitcoin get market price

[akishang]

Times are hard for bitcoin holders now because of the.pricing situation. However, it is a bit of a disadvantage for those who were just starting to invest on bitcoin. I would not recommend ICO's for now because of current market. It is a huge risk as of the moment. Investors should focus on buying bitcoin for now.