1Referee
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July 10, 2019, 12:17:53 PM |
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Will there be a more mature class of user looking for steady ish appreciation or will they switch to the shittiest of shitcoins and leave Bitcoin to the more boring investment types?
I think that the first will be the more likely case. To a certain degree we see this play out already. Dumb money is invested in altcoins for the main part, while smart money parked most of its capital in Bitcoin. Institutions are building products around Bitcoin, not shitcoins. Wealthy individuals buy Bitcoin and not shitcoins. Dumb money as we speak is desperately hoping for an altcoin season to see their bags pump, while the smart money can sit back and enjoy looking at how the only coin with a legitimate usecase is leaving the altcoins behind. The main thing is that the more money you have, the more there is for you to lose, so from there it makes perfect sense to buy into the least risky asset in this space. Those with little capital and hopes of becoming rich try their luck by investing in the worst shitcoins hoping to 10-100x their money.
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Mehr Sher
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July 10, 2019, 11:35:42 PM |
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Life simply keeps on moving so people could just regret missing out when Bitcoin was 1 USD or 100 USD or at 600 USD or at 8000 USD, but it makes zero difference. A sensible person can find equally great opportunities in any time and generation. However, people who believes in regrets will always find something to regret about. I rather focus on available opportunities which I can say with conviction are plenty. Just got to have eyes to see it, and simple way is via Crypto Trading which I love doing.
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STT
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July 10, 2019, 11:59:30 PM |
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When price was $100 people were regretfull of its previous cheapness, I can confirm. Its true in life generally, just appreciate where you are now and it will be possible to do well. BTC was still starting out when it was 100, later that year in 2013 it got to 1000 and nobody foresaw that. The majority of the opportunity was ahead not behind.
That can still be true now, which makes us all lucky to be here now with this chance where the majority of the world is not.
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Freshmen
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July 12, 2019, 10:25:53 AM |
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For $651~ you could of got yourself a shiny whole bitcoin on coinbase plus their $6.66 fee. I wouldnt of mind paying this fee on top regardless. Even if they were asking 10% of the purchase amount at the time which is probably more by now. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FnkPbv80%2Fhxx1yzicku731.jpg&t=665&c=AqD8S7F6_EAQOQ) That’s how it is and I don’t even think it is going back again to that price… the way I see it, it’s already late and the only thing we will be seeing this time around is just going to be increase and a little slide backs, but mainly increase in price. The price is already at $11000 and and the next thing you will know it might reach another all time high price and those that haven’t invested yet are going to be the ones telling this kind of story and regretting why they never took the opportunity they had to invest in the coin.
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Bezobraznike
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July 13, 2019, 11:00:17 AM |
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And for what price you could buy Bitcoin 10 years ago? Can we try to predict the future based on history events? The price for 1 Bitcoin now is 11300$, what price can we expect for 5 years from now? That will be 2024, can we expect the price that will be much higher than now? Will we turn around and say how we could buy Bitcoin just for 11300$? What about 10 years from now? If price reaches 1 Million for 1 Bitcoin, this price now 11300$ will look so small and tiny.
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Betwrong
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July 13, 2019, 12:11:29 PM |
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When price was $100 people were regretfull of its previous cheapness, I can confirm. Its true in life generally, just appreciate where you are now and it will be possible to do well. BTC was still starting out when it was 100, later that year in 2013 it got to 1000 and nobody foresaw that. The majority of the opportunity was ahead not behind.
That can still be true now, which makes us all lucky to be here now with this chance where the majority of the world is not.
Just recently I was re-watching The Rise And Rise Of Bitcoin(2014) (if you saw it 4 years ago, re-watch it today, it's much more fun, I promise), and you can see there that in November 2010, almost two years since the Ledger's start, Bitcoin went down from $0.50 to below $0.25, because people thought $0.5 was too much for 1 BTC. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F4oVW6nU.png&t=665&c=IpjJKwFknbgLdw) After that Bitcoin went up to $31 by June 2011, only to crash to $12, and then even further to $2 because of the MtGox hack(the first one). There were a lot of cases like those mentioned above in the history of Bitcoin, and maybe there are even more to come, and what is interesting is that every time BTC reaches its ATH, whether it's $0.5, $31 or $1,200, people are always thinking the same thing: "Bitcoin can't be that high. Now the bubble is bursting."
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aioc
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July 14, 2019, 01:29:27 AM |
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For $651~ you could of got yourself a shiny whole bitcoin on coinbase plus their $6.66 fee. I wouldnt of mind paying this fee on top regardless. Even if they were asking 10% of the purchase amount at the time which is probably more by now. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FnkPbv80%2Fhxx1yzicku731.jpg&t=665&c=AqD8S7F6_EAQOQ) if you go back further you will also see that you can mine Bitcoin using a standard pc and you can also buy Bitcoin at $1 each, early birds are so lucky to be able to get hold of Bitcoin at a very low price in the market, but I doubt those early birds are still holding those Bitcoins that they bought at such cheap price, only Satoshi still holds those Bitcoins
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hahay
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July 14, 2019, 01:36:57 AM |
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Well, it was indeed a strong choice and conviction, but apart from that there were many people who were unaware of the future and might also be late in entering this market so there were many individuals who didn't buy at low prices at that time. I do not know whether the opportunity will come for the second time in the next five years or maybe longer, because to hold for a long time at least there is always concern because the market situation is very fluctuating.
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Wolfwar
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July 20, 2019, 05:33:37 PM |
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In 2010, no one could have imagined that practically unnecessary Bitcoin at that time would become such a great value today. Over the past period, we have seen quite a few ups and downs, although the maximum Bitcoin on the verge of $ 20,000 hit everyone. I hope that in the next five years we will see even better results.
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Oilacris
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July 20, 2019, 07:05:21 PM |
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Well, it was indeed a strong choice and conviction, but apart from that there were many people who were unaware of the future and might also be late in entering this market so there were many individuals who didn't buy at low prices at that time. I do not know whether the opportunity will come for the second time in the next five years or maybe longer, because to hold for a long time at least there is always concern because the market situation is very fluctuating.
Future is uncertain thats why it isnt really a mistake for us to miss out opportunities and for those who do took the risk will most likely be rewarded. It would really always have that concern or thoughts on what would be the price ahead or in future.Questions is mind is inevitable and also holding for long term isnt really that easy yet it would need up some long patience and self control.
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davis196
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July 21, 2019, 05:39:52 AM |
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2014?I remember that bitcoin price was $300 back in July 2015 and I sold my first 1 BTC here at Bitcointalk. I was using Coinbase as well,but later I got disappointed with their service and delete my account there. I was too scared to buy bitcoins from Coinbase due to all the horror stories of people,who bought BTC there and were waiting for weeks to get their bitcoins. Those were the teenage years of bitcoin. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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The Sceptical Chymist
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August 16, 2019, 02:32:54 PM |
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I remember when I thought that accumulating between $300 and $500 back in 2015 was enough. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Ugh. I remember those days, too. I also seem to recall that after Overstock.com started accepting bitcoin, the price had dropped to just below $200 and I thought it might be the end of bitcoin--in my early days of crypto I thought the whole thing might be some sort of scam or fad. But after I realized that it wasn't, I did buy my first bitcoin at around $400 or so from Coinbase. Never did I think that it would ever hit $10,000 or anything above that. Unfortunately I did not hold onto the coins I bought at the low price, and boy do I wish I had. 2014?I remember that bitcoin price was $300 back in July 2015 and I sold my first 1 BTC here at Bitcointalk. I was using Coinbase as well,but later I got disappointed with their service and delete my account there.
At least you deleted your account yourself. Coinbase nuked my account for a trivial reason, and I think they're pulling the same crap to this day. After I couldn't use Coinbase anymore, I bought bitcoin from Circle (remember them?). I have yet to see another service like Circle, and that's unfortunate. It was so easy to buy and sell bitcoin with them, and I'm not sure why they decided to stop doing what they were doing.
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Bitcoin Seller
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August 16, 2019, 09:13:34 PM |
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Wow. How can we get back to that price again so we can purchase more bitcoins? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) lol. Way back 2014 and this year is 2019. That just means bitcoin is really improving, having a high value as of now at $10k, the more it proves that bitcoin is amazingly adopted. Oh, and coinbase was established long time ago. Good to know that, too. Unfortunately, the time machine is not yet invented. I also turn back and think how many chances we had but we missed them. However, Bitcoin is going to climb up further, so, it will be natural to invest in it even now, when it is expensive. BTC can be used not only as the tool for getting profits but for online transactions and sending money abroad for cheap rates.
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vintages
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August 16, 2019, 09:23:17 PM |
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Wow. How can we get back to that price again so we can purchase more bitcoins? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) lol. Way back 2014 and this year is 2019. That just means bitcoin is really improving, having a high value as of now at $10k, the more it proves that bitcoin is amazingly adopted. Oh, and coinbase was established long time ago. Good to know that, too. In the next five to eight years, many people will literally wish for this present price. It might not even be up to eight years. I did remember when it wasn't even up to 600+ many people over looked it. Then it reached 1k and people started paying attention. History, will repeat itself next five years to come.
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gentlemand
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August 16, 2019, 09:29:20 PM |
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At least you deleted your account yourself. Coinbase nuked my account for a trivial reason, and I think they're pulling the same crap to this day. After I couldn't use Coinbase anymore, I bought bitcoin from Circle (remember them?). I have yet to see another service like Circle, and that's unfortunate. It was so easy to buy and sell bitcoin with them, and I'm not sure why they decided to stop doing what they were doing.
They threw in the towel after sitting through most of the beariness. Lord knows how much money they would've made if they'd bothered to stick around. I used them too and they were very good. I got a real support person within a few minutes via email as well. I'll guess they were being hammered with fraudsters throughout so decided it wasn't worth the trouble. I think it really would've been in 2017.
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freedomgo
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August 17, 2019, 04:45:22 AM |
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When I first found out about bitcoin, its price was just only $400 and earning from faucets really give you some decent amounts. People those days are working hard just to earn a 1 whole bitcoin. Because it's not that popular yet most are still afraid to buy using huge amount of money. Some even earn it just for fun, and they just use it on dice sites. But now bitcoin has really improved a lot that many people wants to invest on it and also large institutions as well.
If we do the right decision in the early days, we might be holding a lot of money with our bitcoin now. When we are earning and we don't have much other source of income, we will be tempted to sell our bitcoin especially when we see that the price is improving. There's a lot of people I know who wish that they bought BTC when it was still at 1 usd but I know if they can go back in the past, they would not make a decision to hold until now, that time there are still fear that bitcoin might fail and only those who really have high faith on BTC are enjoying the reward now.
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atjiat
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August 17, 2019, 02:06:45 PM |
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Many people did not believe in Bitcoin before 2016, when its price began to rise rapidly from 300 dollars in the summer and to 1000 dollars by the end of 2016. But when people began to realize that thanks to Bitcoin they could get huge profits, it turned out that it was too late to make investments. It was then that when the massive investment in Bitcoin began at the end of 2017, this was no longer possible, because the result was the bankruptcy of investors.
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Alert31
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August 17, 2019, 03:03:59 PM |
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That was the sad thing for me because i didn't discover bitcoin during the value is so affordable. I really missed it. Lucky those who buy that time that the price of one bitcoin is so cheap 5 years ago and sell during the all time high last year 2017.
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RealMalatesta
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August 17, 2019, 03:24:25 PM |
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What people are missing out is that those days are not over, you may think that bitcoin at 600 dollars was a big blessing and we will never make that much money anymore but anyone who purchases bitcoin right now and sells at 50k would make about x5 more money than they invested and the one that sells at 100k would make x10 of their investment which means there is still time to make a ton of money from bitcoin.
The only difference is this time around it may take a bit more, those 600 dollar dudes were 5 years ago and right now we are talking about 5 years to the future which is 2024 and who doesn't think bitcoin will be at least 50k by 2024, I think it is quite possible even probable and I think it will be higher so that is why I am getting as much crypto as I can.
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breathlessz
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August 17, 2019, 03:31:08 PM |
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Many people did not believe in Bitcoin before 2016, when its price began to rise rapidly from 300 dollars in the summer and to 1000 dollars by the end of 2016. But when people began to realize that thanks to Bitcoin they could get huge profits, it turned out that it was too late to make investments. It was then that when the massive investment in Bitcoin began at the end of 2017, this was no longer possible, because the result was the bankruptcy of investors.
but with strong support from the government, I think the market will return to its previous peak. with its policies that support bitcoin, I think it will restore investor confidence to buy bitcoin again
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