aysg76 (OP)
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November 08, 2021, 08:41:02 AM |
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With Bitcoin prices reaching close to $70k in 2021 and setting up new ATH for all the holders i wonder how far we have came up with that and now having only 1 btc is sufficient only or accumulating even some sats is profitable to the holders in long term. We all could have some different goals like with extra funds we could save more or less btc and every member could set his target no force movement in that but many times we have heard the line we have missed the boat and found out that this is not a new one as people have been claiming this from the initial days also.I found a similar thread and went up to read different posts about the viewpoint of members discussing how many btc they have. Here is a thread from 2011 : https://bitcointalk.org/index.php?topic=12893.20Some of the interesting quotes from the thread are here: approx 320. Most in bitbills ;P
About 583, after spending some on Namecoins. I guess it's a lot to some people but of course I'm greedy so I wish I had more.
Reading this makes me really upset that I sold 112 (all) of my BTC a couple months ago for only $118...
Don't feel bad, I sold 5K for 1500€ There are some other members discussing about hundred of owned Bitcoin and selling them at very cheap prices or say some are sad that they only have 200 or 300 coins.Many of them were miners in the early days but what i wonder is whether they still holds all those coins or not? Here is one more proof to the same: Profile: https://bitcointalk.org/index.php?action=profile;u=316The reason why i am making this thread is to make newbies aware that sometimes we feel that we already missed the boat but in reality it has not started the voyage at all.All those coins if stored safely would now be worth millions or even billions if you made the excat calculations. There are lot of altcoins that might be shining at this time but Bitcoin has been the king of CMC from long time and will remain the same and there are more chances of growth so you better don't get eroded by all such things like you missed the boat and do the same mistake they might have done.Just jump in and enjoy and stay safe.
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NeuroticFish
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November 08, 2021, 08:57:14 AM Merited by paxmao (2), aysg76 (1) |
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many times we have heard the line we have missed the boat ~ The reason why i am making this thread is to make newbies aware that sometimes we feel that we already missed the boat but in reality it has not started the voyage at all.
Indeed. I've read not long ago a post that tells that best moment to buy bitcoin is "now" and was always "now", whether in 2009, 2010, 2011... and so on until, yeah, now. The thing is that people thought at some point that they've missed the boat/train because they cannot buy 1000, or 100, or 10, or 1 bitcoin... it's psychological and it means that people don't actually trust bitcoin and they also don't have the patience to leave it grow. I never tell people to buy now - they have to understand what they do -, but I also not telling them that they've missed the boat/train. The problem is that if people don't understand what they do will buy high, will sell low, then blame you because of their impatience and lack of understanding. But you're right. The voyage is just starting and the rewards are actually two: reaching to the station you want and also the voyage itself. But not everybody has the heart strong enough for this voyage, which tends to be rather bumpy. There are lot of altcoins that might be shining at this time but Bitcoin has been the king of CMC from long time and will remain the same and there are more chances of growth so you better don't get eroded by all such things like you missed the boat and do the same mistake they might have done.Just jump in and enjoy and stay safe.
Altcoins can be a good start, but for very-very few lucky ones who enter the right time and sell, again at the right time. On average, indeed, bitcoin is the correct one to focus on. The others are only distractions that can cost you a lot.
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mk4
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November 08, 2021, 09:16:57 AM |
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Obviously the gains you could get by buying bitcoin right now is not the same as buying bitcoin in 2011, but I really don't get how people think they've "missed the boat" when pretty much most people still thinks that Bitcoin is a scam or just a temporary fad. Heck, we even still see the typical "TuLiPs" argument for some reason.
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dkbit98
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November 08, 2021, 10:05:33 AM Merited by paxmao (2), aysg76 (1) |
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If you really want to have some fun, type the phrase missed the boat in Ninjastic.space website and you will see a lot of people saying that phrase back in 2011 when it was first used I believe I am posting few interesting quoted examples I saw, but there are many more of them showing how wrong we can all be with our limited thinking: I found out a few weeks ago, but didn't read too much into it. Then I came upon some message board discussions last week and decided to test the waters. I realize that for the mots part I've missed the boat. It's still amazing to me to think of all of the people who got in early who have rediculous 5-6 x 5870 set up's on a single system and are crunching huge numbers. Wish I would have found out several months ago Yes It is very interesting times, I can't help but keep checking the price of the bitcoin. I must admit, part of me wants it to go lower because I missed the boat on this one.
With the current drop into the $15 range, and nobody seems to want to pick it back up to $20. I think most people will not even take the risk at buying it at these lower prices with the hope it will bounce back up to its $20 dollar support.
Someone must have kept it inflated at the $20 dollar level. I have no idea why someone has done that and spent all the money keeping it at that level. I knew that would not hold as nobody has that deep pockets.
A fair and stable price level would be around $8.00.
I am surprised the forum is pretty silent about this latest price drop. This signals many things coming to and end especially the mining. This whole thing may lose much interest soon.
What Bitcoin has been:
1. An incredible, and the most viable, attempt so far, to create an alternative currency (and associated market). 2. The first iteration of what will eventually prove to be a viable digital currency.
What Bitcoin isn't and will never be:
1. A truly viable alternative (much less replacement) to existing currencies.
What Bitcoin will prove to have been:
1. A way in which a few early adopters made significant sums of money at the expense of later buy-ins. 2. An experiment in which more than a few gung-ho anti-establishment types and greedy computer nerds lost a lost of money. 3. The reason for a glut if video cards on eBay being sold at half-price or lower.
While this has been fun, i think its become quite clear that this is a geek obsession and nothing else. Those of you who are trying to "get in on the ground" have already missed the boat for the real profit and are only trying to convince yourself of the longevity of this particular attempt. The game is over, and the security holes (unencrypted wallets, Mt. Gox's absurdities) sealed the deal. There was a small window to get public perception on Bitcoin's side, and that has closed.
Noone real is going to accept Bitcoin, and noone - because of the deflationary promise - is going to spend it either. So continue to enjoy tiny trade volumes and retarded volatility.
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isaac_clarke22
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November 08, 2021, 12:06:43 PM |
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~
I was having that "teenager thoughts" back in 2011 when I thought Bitcoin was like a coin used only by the criminals especially I hear that it was being used as a means of transaction in dark web. Even though right now I still have the thoughts that I could be more than a millionaire if I bought back in 2011, I don't think there is much point thinking about it anyway. It is just going to give out "spiral effect" on me. There are those people that surely thinks that they're obliged to buy a "whole" Bitcoin. I never held more than 1 Bitcoin, but I don't really care since I am just like investing to it as like my "side hobby" aside from my full-time job.
Lol. I just checked that Bitcoin is now at 66k, huh?
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cheezcarls
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November 08, 2021, 12:23:48 PM |
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I can hardly relate to this situation not just once but many times already. My biggest mistake back then was having lack of faith and being hesitant on Bitcoin when it sits around $15k to $16k for a long while and I immediately withdrew it to USDT. And on the next few days, BTCs price exploded up to $30k and I didn’t take that chance. I had another chance to buy when it was $30k or something before the Elon Musk hype era but I was still hesitant, and it went up to $60k.
It plunged down to $30k again, but I am hesitant once again. It jumped to $40k and I was still hesitant and now we’re almost at $70k. So yeah I’ve missed the boat not just on Bitcoin, but on other cryptos (with the exception of ETH and a few other long term alts).
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IIrik11
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November 08, 2021, 01:46:28 PM |
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I guess the people who had those coins at an early stage and lost access to them or sold them for cheap has much to regret. Since they must feel like they had the lottery ticket which hit the Jackpot and they threw it away or put it somewhere they don't remember. As for us, we are just late to the party. The fun isn't going to be as much as it must have been if we were here a bit earlier.
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cryptoaddictchie
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November 08, 2021, 02:01:42 PM |
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As for us, we are just late to the party. The fun isn't going to be as much as it must have been if we were here a bit earlier. Don't you worry 1btc is always 1 btc. Regardless of value either its on 5k or 100k, it will still be the same. We can't go to past just to regret those time that we didn't buy BTC during those time but obviously the gains we can earn jn the future from btc could still be possible since we don't know when it will stop nor it will stop. Shall the topic should be on bitcoin discussion?
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mk4
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November 08, 2021, 02:58:53 PM |
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The fun isn't going to be as much as it must have been if we were here a bit earlier. You could've bought bitcoin at $0.1, but who's to say you weren't going to sell when it 10x'ed to $1? It's easy to have regrets when Bitcoin is already successful. But back then, no one knew for sure how big it would grow.
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GeorgeJohn
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November 08, 2021, 06:23:45 PM |
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Op what you did here via this your thread is expansion of knowledge and also letting newbies know that don't lose hope in any thing, really investment of cryptocurrency is the shortcut to turn to a billionaire over night, right now buying a coin and hold for long periods is the one of major concept i capture here, wether it's ATH coin or bitcoin, but hold for long time frame. Even now people are saying that the price of bitcoin is high, on my own no time to buy cryptocurrency is expensive. What matters is how long will it be in your custody or hand. Currently the price of bitcoin is 66k and before next year they will difference in price value. I think you give everyone idea not newbies alone.
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BitKongy
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November 08, 2021, 06:33:56 PM |
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There is no such thing as missing the boat or the train in crypto space unless you don't know what you are doing, accumulation timing alone is enough to solve all this problem, crypto adoption depends entirely on when you buy so if a coin goes up today it will drop another wait so wait for that another day and fill up your bags, it's also why we have bear market
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hatshepsut93
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November 08, 2021, 08:08:23 PM |
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Obviously the gains you could get by buying bitcoin right now is not the same as buying bitcoin in 2011, but I really don't get how people think they've "missed the boat" when pretty much most people still thinks that Bitcoin is a scam or just a temporary fad. Heck, we even still see the typical "TuLiPs" argument for some reason.
My experience is different, I can't remember the last time I heard someone claim that Bitcoin is a scam or a fad. These days I hear more "bitcoin is bad for environment" and "blockchain technology has some merit, but other coins will replace it soon". But I think it's not really important what some random people on the Internet or in real life say, because they are not voting with their wallets.
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illiki23
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November 08, 2021, 08:11:50 PM |
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To be fair crypto 'boats' are well known for crashing to shore. Some people might say risk it and swim out right now but I wouldn't be suprised if there are more opportunities on the horizon. Ugh I believe in some of these coins so I am almost tempted to swim but oh well..
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sheenshane
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November 08, 2021, 10:54:04 PM |
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..many times we have heard the line we have missed the boat and found out that this is not a new one as people have been claiming this from the initial days also.
Those days, Bitcoin is still young and didn't have a good reputation in most countries because it's usually involved illegality, cybercrime, or any fraud activities that make Bitcoin become dirty to the eye of the government and the community, it might nobody believe yet on Bitcoin. After such time they realized it and now they care claiming that they have missed the boat. I also now think that maybe I already accumulate 1 Bitcoin from earning signature but I didn't feel regret if I sell on that day, because it was probably helped me so much. Dont blame yourself if have to sell your Bitcoin on an early stage, as long as you have profited on it, that is fine.
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Darker45
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November 09, 2021, 01:25:09 AM |
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To newbies, if you feel like you already missed the boat, just take the courage and buy. If you don't, the joke's on you. You will be saying "I missed the boat" forever. We've read and heard of it when Bitcoin was $1, $10, $100, $1,000, $10,000, and so on. Buy now and face no regret in the future. Your only options are either you continue crying over spilled milk or you end the cycle and start stacking Sats. Don't ever commit the mistake of crying over the past and not doing something in the present. Yes, you may have missed the boat at $1, $10, $100, $1,000, $10,000 but you are the problem if you will continue to miss the boat at $100,000, $200,000, $300,000, and so on.
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Coin_trader
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November 09, 2021, 01:43:17 AM |
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Simply guy with steel balls that can hodl and Trust the Bitcoin price is the only one who will benefit on it. Because of this thread, I remember the 2017 news that a guy his house for Bitcoin then live in the forest waiting for the ultimate crypto boom which is the current trend we are experiencing right now. I wonder what happened to him or if he is still updated on crypto but if really hold until know and bought during the dump which is sub 10K USD. He can now buy back his house or much better and still have extra money to live a happy life. News: https://www.businessinsider.com/man-in-the-netherlands-sold-everything-for-bitcoin-2017-10
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tranthidung
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November 09, 2021, 01:55:05 AM |
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Please check some charts and have your thoughts In general, Bitcoin is bullish on yearly candles so that most of holders will be in profitable condition. It makes a new all time high recently so almost if you bought Bitcoin at any price, you are probably have profit. Take it or not, it is your decision and depends on your expectation. The point is you should reserve 10% (at least) of your Bitcoin for next 10 years. You should not sell all of them, even if you take profit. Why? Because if you compare the value of Bitcoin today with its price 5 years ago, you can see the difference. 5 years ago, if you had 10 Bitcoin and sold 9 BTC, you would have less than $30k. With 1 BTC reserved and hold till today, you can sell it above $67k It is my point. If today you have 1 BTC, and really want to take profit, do it with 0.9 BTC, and reserve 0.1 BTC for next 10 years. Check Equivalent Network Time to see what will happen in 2032 - 99.2% BTC will be mined
- It will take ~ 12 mins 48 secs to mine 1 BTC compares to only 48 secs now
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mk4
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November 09, 2021, 02:24:24 AM |
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My experience is different, I can't remember the last time I heard someone claim that Bitcoin is a scam or a fad. These days I hear more "bitcoin is bad for environment" and "blockchain technology has some merit, but other coins will replace it soon".
You still see it quite a lot, but yea the environmental argument has been getting a lot more traction recently. I guess it's simply due to the fact that "bitcoin is bad for environment" is a lot easier to grasp for the masses, whereas the scam argument takes a slight bit of brainpower lol. But I think it's not really important what some random people on the Internet or in real life say, because they are not voting with their wallets.
I'd argue that people not buying bitcoin is actually them somewhat voting with their wallets.
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pooya87
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November 09, 2021, 04:58:32 AM Merited by paxmao (1), aysg76 (1) |
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Another strange thing about "boat missers", that is less common these days is that they used to always claimed that buying 1 whole bitcoin is now too expensive for them as if you only had one choice and that was buying a whole bitcoin and fractions of a bitcoin were never possible! You still see it quite a lot, but yea the environmental argument has been getting a lot more traction recently. I guess it's simply due to the fact that "bitcoin is bad for environment" is a lot easier to grasp for the masses, whereas the scam argument takes a slight bit of brainpower lol.
Maybe it is just that they lost their biggest FUD that involved China ("China controls bitcoin" then "China banned bitcoin, bitcoin is gonna die"), so now they need another replacement.
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Saint-loup
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November 09, 2021, 12:39:41 PM Last edit: November 09, 2021, 12:51:42 PM by Saint-loup |
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[...] The reason why i am making this thread is to make newbies aware that sometimes we feel that we already missed the boat but in reality it has not started the voyage at all.All those coins if stored safely would now be worth millions or even billions if you made the excat calculations.
There are lot of altcoins that might be shining at this time but Bitcoin has been the king of CMC from long time and will remain the same and there are more chances of growth so you better don't get eroded by all such things like you missed the boat and do the same mistake they might have done.Just jump in and enjoy and stay safe.
I'm sorry but your message is a little bit inconsistent in my opinion, on one hand you enjoin newbies to "stay safe" and on the other hand you encourage them to buy a high volatile (and then risky) asset at its All Time High. That's not a responsible behavior IMO. Newbies should be very cautious before investing large amounts of money at the ATH of any asset but more especially cryptocurrencies because they are among the highest volatile assets available. They should DY(T)OR before investing, only invest what they can afford to lose and don't except more guarantees than in a gambling game. BTC and the crypto world won't earn anything good in the long run by creating disappointed, frustrated and angry people.
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