Am I late to the party??

[PolishBaldEagle]

I’ve known crypto existed for a long time, but not until recently (about a year ago) is when I started investing into crypto and even reallocating investment funds over. It’s not until I started looking into different assets that I wish I looked into this much sooner!  Even put together a mining rig, probably overpaid, with a single 3080 LHR (dual mining). Will ad more as soon as I can buy for good price… I’m not worried about the expense I paid for the computer and graphics card. Needed a new comp anyway, just pulled the GPU.

Either way, I know I’m late to the game, but is it still too late? What may be my best options moving forward??

Still cannot believe I slept on this for so long!!

[Little Mouse]

It's always better to be late than never. Well, you are not late to the party. Cryptocurrency is only in its 12th year and not even 25% of the total people are in it. They even don't know. I always consider me lucky to know about it years back.

[tyz]

I think everyone has to determine for themselves what the maximum potential of Bitcoin is and deduce from that whether the party has already reached its maximum or whether there is still room to go up. For such questions, you always get very different answers, so I don't think such questions are useful.

The best thing to do is to read history of the BTC/USD Wall Observer. This will give you a good insight. Already at $100 of Bitcoin many thought at that time the party had reached its maximum. At $1000 also not a few, likewise at $10000 and so on.

[YOSHIE]

Either way, I know I’m late to the game, but is it still too late? What may be my best options moving forward??

You wake up at the right time, the ship has arrived at its destination, now all ships have returned to the base port, they are still on their way, investors were now preparing themselves, waiting for the ship to arrive, to sail further afield.

The crypto party never ends what else too late words to follow, you have the right time to start it remember never fall asleep again, closely monitor the crypto market situation, you will find something good in your investment in crypto world in the future.

We are actually thinking right now that we are starting over to do something good with crypto for ourselves.

[Pokapoka124]

I think everyone should have at least a fraction of Bitcoin locked. It's not too late to buy bitcoin though you may not make as much as the early investors but you will definitely be glad you bought when you did.

[Hispo]

If you are here only looking for astronomical gains, you (and I) are a little bit late for that, but it does not mean we are not on time to get some money on your investments.

On the other hand, if you are here not only for the money but also for the ideas, the development and ideology that everyone has the right to manage their wealth in the most free way possible, with no third-party censoring or watching over our expenses in order to increase the freedom of people and fight authoritarism, you are not late in the party and you will never be late if you turn out to be a valuable/decent person for this community.

[Marvelman]

Either way, I know I’m late to the game, but is it still too late? What may be my best options moving forward??

Still cannot believe I slept on this for so long!!

Cryptocurrency have been around for quite some time, but it has only been recently that institutional investors have started to have a serious interest in them. In the last year or so the price of Bitcoin has skyrocketed from a low of $10k to $68k. Bitcoin still has a long way to go before its price reaches that peak again, but it is interesting to see the growth we've seen. As a result of this growth the market is starting to see some mega players enter the crypto scene. If that trend continues, we could see Bitcoin and the entire cryptocurrency scene explode in the following years.

No one can say for sure if it is too late for crypto, or if it is not too late for crypto, but one thing is certain, there are a lot of people on the hunt for the next big thing and cryptocurrencies seem to have caught the fancy of many, as well as a large number of people and institutions.

As for me, I'm not in this game for the short term gains, I'm in this game because I’m sure it will be the future of money.

[Welsh]

Even if Bitcoin didn't go up by massive amounts like it has previously, I'd probably bet that your money being invested in Bitcoin will put you in a better position financially than the interest rates working against inflation if you were to have it sitting in a bank.

Although, naturally that might take quite a few years to show its difference.

I think everyone has to determine for themselves what the maximum potential of Bitcoin is and deduce from that whether the party has already reached its maximum or whether there is still room to go up. For such questions, you always get very different answers, so I don't think such questions are useful.

Which the best piece of advice to sort of back this up would be when someone is thinking about getting into Bitcoin, they have to ask what's the reason they're. Since, if they're looking to make a quick buck, its likely not going to benefit them all that much. They are much more likely to have "weak hands", and sell at the moment of any resistance, which we most certainly go through a lot.

However, if they actually believe in the core principles of Bitcoin, and understand why its been so successful, and hopefully why it should continue to appeal to a lot of people around the world, then they'll likely be invested either permanently into Bitcoin or at the very least for the long haul, which is likely to be massively more beneficial in the amount of wealth they accumulate.

[worle1bm]

We can say that we are both late and early to the party if you think from two way perspective of early adopters and future growth.For people investing at $40k is already late when compared to early adopters of 2013 or earlier who invested at $100 or lower but on the other side if you invest at $40k also and hold it for long term then it's completely fine and you are still early.So we need to have our goals set and don't indulge in this late or early to party but investment is important.

[Rruchi man]

Either way, I know I’m late to the game, but is it still too late? What may be my best options moving forward??

You are a bit late to get good gains from bitcoin itself IMO, but entirely to the crypto space and environment, you are still on time, and not generally too late, you can still claim some benefits for yourself with the right information and discipline. So i'd say that you are a bit late to the party, but the party is just beginning, many others do not even realise that there is a party to begin with, some know and have refused to be in attendance, lol (I hope you get my analogy) but in general,

It's always better to be late than never.

[Coin_trader]

There's no late if you will gonna mine it since you didn't care about the expense of your mining equipment. This is passive income while using electricity consumption. Just make sure to do calculations for your electricity cost compared to the amount of Bitcoin that you will mine every month. Moving forward and continue mining is best move if you are earning profit monthly.

Mining right now is a very bad idea if you are focusing all your resources on it and relying all your personal expenses to your mining profit.

[nullama]

Late to what party though?

Mining Bitcoin with your CPU?, that party was alive and well in 2009. You're late to that one in 2022.

Mining Bitcoin with your GPU?, that party was alive and well in the early 2010s. You're late to that one in 2022.

And so on.

Some things have changed, but others remain the same.

For example, the ideas behind why Bitcoin price keeps rising are still valid today. Also in 2022 it's simpler to buy Bitcoin.

There are also new things happening in 2022, like the new applications in the third layer, on top of lightning. Heaps of new opportunities there.

And many new things will continue to happen in the future.

You're late to some parties, just in time for other parties, and early for new parties.

[boyptc]

As a miner which is what you do? I don't think it's too late. You can always look for some profitable mineable coins that's favorable to your rigs.

If it's about investing and owning bitcoin, never too late. It's always being said that everyone is not yet late. We shall determine if it's too late already if the price of bitcoin is literally high and truly expensive.

But, we're not yet on that point.

[Mpamaegbu]

Either way, I know I’m late to the game, but is it still too late? What may be my best options moving forward??

No, you're never late. In fact, no time is late in crypto at this stage. Also, bear in mind that this momentarily market crash should be taken as a cue to go in.

I think everyone should have at least a fraction of Bitcoin locked.

Yes, I believe everyone would love that but then it's not always easy and possible to do. Those who barely feed well or have sustainable investments can hardly keep Bitcoin by the side as savings. No one will want to go hungry to a point of death if they've something to fall back on and not do so. Only a man who is alive can save.

[pooya87]

It depends on what "party" you have in mind.
The party of getting rich overnight never existed and the party of using the only decentralized currency in human history is still ongoing.
If it is just money (or profit) you are after then the bitcoin price is still rising in the long haul like it has always been and the short term dips are also the same. The altcoin pump and dump is also a thing like it was before and people who are gamblers have been making some profit and losing some money in the pump and dump market of altcoins.
In any case this is something you have to figure out on your own. Just look at the reality of the situation, past all the drama and lies on the internet and try to see the reality.

[Rikafip]

Either way, I know I’m late to the game, but is it still too late? What may be my best options moving forward??

One thing I would advise is not to focus on altcoins as that's what many of those that think are too late do. They see memecoins and similar crap making crazy ROI in very short period of time, and then they see BTC being $40k-50$k, they get disheartened so instead slowly accumulating BTC, they opt for altcoins and end up being rekted.

I did similar mistake back in 2013. I thought that I was too late to the party as I couldn't afford one whole Bitcoin so instead buying fraction of it, I went for altcoins, bought GPU and spent money and time mining shitcoins and ended up with nothing in the end. I took a break and came back to crypto in the early 2017 but this time I was smarter and went for BTC instead, even though some told me that it's too late now, back when BTC was around $1k which is now dirt cheap price.

[KingsDen]

You are late.
Yes, you are late to the party, you are late compared to when Satoshi and early adopters joined the party.
As at the time you were making the post, you were the earliest.
You will definitely be an early commer to the people  that will join the party by 2025.
At everytime, there are late comers and early comers.
But it doesn't really matter how late or early you join the party, what matters is how smart you are in the party.
Don't be surprised that there are people in this space for 3years now but has never made any investments.

[bakasabo]

If you have cheap electricity then you are not late to party. But you must understand that it will take time before you will start mining with profit. You must realize that mining is doing it 24/7 for months, not like today you will switch everything on, and tomorrow switch everything off, or do mining for few hours.

What may be my best options moving forward??

Train patience and discipline. Get used to checking temperature and living with noise. Dont expect to get rich the next day you started mining.

[Darker45]

Surely, you can never be late to embrace a decentralized currency, can you? It doesn't matter whether you discovered it yesterday or today. What matters is that you discovered it.

If you refer to earning opportunities from Bitcoin, however, you are definitely late if you compare yourself to those who came earlier. Gone are the days when your money invested in Bitcoin could x5 in value quickly. We are late compared to those who bought bitcoin at $5 or $100. But we are definitely early compared to many who will buy their first Satoshi when Bitcoin is already worth $300,000.  

[Iron Fist]

Either way, I know I’m late to the game, but is it still too late? What may be my best options moving forward??

One thing I would advise is not to focus on altcoins as that's what many of those that think are too late do. They see memecoins and similar crap making crazy ROI in very short period of time, and then they see BTC being $40k-50$k, they get disheartened so instead slowly accumulating BTC, they opt for altcoins and end up being rekted.

I did similar mistake back in 2013. I thought that I was too late to the party as I couldn't afford one whole Bitcoin so instead buying fraction of it, I went for altcoins, bought GPU and spent money and time mining shitcoins and ended up with nothing in the end. I took a break and came back to crypto in the early 2017 but this time I was smarter and went for BTC instead, even though some told me that it's too late now, back when BTC was around $1k which is now dirt cheap price.

You are very fortunate to have entered this crypto space so early. Many, unfortunately, discovered cryptocurrencies much later (, and some will yet discover them). Perhaps this is also a generational issue. As an example, I first learned about crypto during the 2017/2018 bull run. However, I passed up the idea of investing at the time because I deemed it too late. Well, we all know how that ended.

There is an old Chinese saying "The best time to plant a tree was 20 years ago. The second best time is now." I think the same philosophy applies to the current crypto market.