How Early Is It Now, For Those Who Missed Bitcoin In Its Early Days?

[Bitstar_coin]

Depending on the perception of the investor now can still be considered as early especially if they aim for the long term. Early investors in BTC were considered early because they took a chance on something many people were not willing to do and most especially not sure how long it will last.

It will be the same with investing in BTC at the current price of 19k, lots of people think it is already too expensive and not worth it, but if you are willing to take a chance like the early investors, the story may be the same in another decade. I think people should be more comfortable investing in BTC now than before when the risk was high with so much FUD,  things have changed a lot for this tech and that is enough to build confidence in investors.  

[traderethereum]

Investing in altcoins is not bad because it is clear that the return it brings will be greater than bitcoin if we invest in the right project. But I think altcoins are not suitable for newbies, because newbies don't have too much knowledge to find a hidden gem that can make a profit. Out of a hundred altcoins, maybe only one can succeed. Even top altcoins if invested in now there is no guarantee they will recover when bitcoin recovers, altcoins are always refreshed every year. Investing in altcoins is difficult to choose, old projects do not guarantee recovery, new projects can bring big profits but riskier.

The only thing that makes it difficult for us to profit from altcoins is the large number of altcoins, which makes us not choose which altcoin will provide the greatest profit.
I agree that altcoins are not suitable for beginners because, with many altcoins on the market, they will find it difficult to find the right altcoin.
And this is why we suggest investing in bitcoin; meanwhile, we can learn to find the right altcoin.
Now is still the right time for people who have not joined bitcoin to start buying bitcoin and never feel left out because they are still allowed to buy bitcoin at the current price and keep it for the long term.

[uneng]

There is still potential in bitcoin for new investors to profit from market's fluctuations. We expect bitcoin is going to enter a new bull run on the next years which can boost its price to 100,000$ at least. That means there is a 500% profit opportunity ahead, being conservative on our predictions. Of course this is just speculation and that might happen or not, but that is a pretty consistent opinion among majority of bitcoin enthusiasts, which have been proven to be right on past events related to bitcoin's price. However, this might be the last chance for new investors to adopt bitcoin. We don't know how many rising cycles we are going to have yet. The next one can be the last...

[darkangel11]

Knowing the above, I have this feeling that it scares small investors (that is those that can not afford up to 1 full bitcoin or even 0.5 bitcoin) from investing in bitcoin most especially, during bear market as we are currently experiencing.

It only scares away those who don't understand that 10k USD spent on bitcoin a year ago and 10k spent today is still the same 10k invested in bitcoin. It doesn't matter how much you have, the value that you moved to another asset is the same.

If someone bought bitcoin at 10k in 2019, would now have 20k. A person who now invests 10k and bitcoin does the same thing (goes up 2x) will have 20k. I don't get how you can be scared away by this.

[justdimin]

Giving some advice to a newbie where in fact, he shows that he is more superior to him than you who is in the crypto space for quite some time is just a sign that you must leave him with the decision that he wants to.

Giving advice to a newbie is very relieving especially if he is listening on what you are saying. Now if he wants to decide for himself then better let them do what they want to do. Sometimes, making mistakes is the way for a person to learn and this isn't only applicable to investing but in real life as well.

That's something that should impact the thinking of someone who knows about finance and long term fundamentals of things. Someone who is a newbie would look at the chart, and see that it should be growing x10+ each time a bull run happens, and expect at least 200k, probably closer to 400k when the next bull run happens, and if that doesn't happen then they will think that they were misled.

Unfortunately we are not going to grow that big each time, it's growing bigger meaning the same, or even more money that you put in each cycle, could take it only a certain point. Growing from 1 dollar to 100 dollars was 100x, but it required less money than growing from 10k to 20k which was only 2x.

[lixer]

There is still potential in bitcoin for new investors to profit from market's fluctuations. We expect bitcoin is going to enter a new bull run on the next years which can boost its price to 100,000$ at least. That means there is a 500% profit opportunity ahead, being conservative on our predictions. Of course this is just speculation and that might happen or not, but that is a pretty consistent opinion among majority of bitcoin enthusiasts, which have been proven to be right on past events related to bitcoin's price. However, this might be the last chance for new investors to adopt bitcoin. We don't know how many rising cycles we are going to have yet. The next one can be the last...

If there's a potential for us then why not for them? Some of us only entered early but it does not mean that we still have our old coins. Of course we already sold it in the past bull runs and now we are looking forward of owning fresh btc's again.

In btc, we will always have a bear and a bull so even if you say that there is a limitation on high btc can get, at least its value can go down which will enable people to buy and earn again once it recovers so don't say that this can be the last chance for the newbies to buy a coin. There will always be more chance but it would be better if they can invest now since the engine of this coaster is about to start.

[Cryptmuster]

It is always easy to look at the past and say 'IF'

- If I have known about Bitcoin in earlier years like 2009 or 2013, I would have invested in Bitcoin.
People said the same IFs in 2013, 2017 and 2020. Now when they are given a great chance to actually invest in Bitcoin at cheap price, they are still saying if about earlier years. But they unfortunately reject to take the chance in this year.

Later, in future, in 2024 or 2028, other people will say the same Ifs
- If I have known about Bitcoin in earlier years like 2022, I would have invested in Bitcoin.

Most likely, this will be the case, and the main thing will be human fear. It's scary to make a mistake, no one wants to buy now if the price can fall even lower later, it's like the syndrome of eternal waiters. They are always waiting for the best opportunity, the best price, but the truth is that bitcoin could be bought in every bear market and every time it would bring a good profit...

[Ayers]

Do you know that since the invention of Bitcoin in 2009, the cryptocurrency space has produced more billionaires and millionaires than any other financial space/industry in the world ?

Not literally I know them because they are anonymous but for sure there are a lot of early investors who make hold their Bitcoin for many years and become millionaires. But I think, they are already rich before risking their money in this new stuff which is not their worry to lose their money investing in Bitcoin earlier. I'm not sure if they foresee the future of Bitcoin but I see their trust and feeling towards the crypto market is strong to have that decision.

They deserve such huge achievement and market profit, and I remember these words " rich people become richer while poor people become poorer". They take this opportunity while others are rejected it.

i don't know if rich people invest in bitcoin, but i met a man who got rich on bitcoin and he was once an ordinary person. hhe's not rich but he probably chose to take the risk at the time to buy bitcoin, and now he deserves what he chose. a lot of people have become rich thanks to cryptocurrencies and not only with bitcoin, many people have also become rich by investing in altcoins. for me crypto is an opportunity for everyone who knows how to take advantage of it, bitcoin or altcoin is up to each person's preference as long as they know the risks when investing.

[jinmioluwaseyi]

It is always easy to look at the past and say 'IF'

- If I have known about Bitcoin in earlier years like 2009 or 2013, I would have invested in Bitcoin.
People said the same IFs in 2013, 2017 and 2020. Now when they are given a great chance to actually invest in Bitcoin at cheap price, they are still saying if about earlier years. But they unfortunately reject to take the chance in this year.

Later, in future, in 2024 or 2028, other people will say the same Ifs
- If I have known about Bitcoin in earlier years like 2022, I would have invested in Bitcoin.

As a newbie that want to join the crypto space, I cannot advice you to jump on bitcoin again if you want to become a millionaire with crypto, simply because bitcoin have gone beyond repair. Bitcoin is not what some can venture into now because of the current price. Altcoin will be the advisable coin to venture into for a newbie, and if you still have it in mind to get a bitcoin, just buy the one your money can afford and you don’t want to put mind in it again. Bitcoin is a good coin but that regret of IF will never leave it. IF I had known in 2010 I should have use my food money to buy it. IF I have known in 2013 I should have use a month salary to buy. IF I have know in 2015 I would have save my 6months salary to buy it. Lol remember there is always a regret in the crypto space. So just get the ones your money can afford on bitcoin and buy some altcoin so that you will not regret on altcoin also later. That is my advice.

[jakdanyel]

It's always early for Bitcoin. We can easily say this, especially for the season we are in now. Because we can predict the values that bitcoin will reach in a few years. It will reach much more value than the value it is currently at.
Apart from bitcoin; bnb and ethereum also have very low value. The two coins I trust the most after Bitcoin. You can definitely buy it to invest. It is inevitable that Bnb will see a value of $1k in the next bull market.

[dothebeats]

Early for you to still buy and save as much as you can. People only look at numbers but never the benefit in the long run. It's easy to think about what could have happened now if you invested early, but not look far ahead into the future and just do the things you should now. If you managed to buy and keep whatever coins you have and save them for 5-10 years, you could have easily secured a huge sum in your name by just believing and not looking too much in the past. I am still actively buying now if I feel that the price is right, and those coins directly go to a storage which I intend to access a few years from now.

[Vaculin]

This thought is based on an experience I had with my brother yesterday, he is just joining the space, he has some money which he wished to invest in crypto, I adviced him to buy bitcoin for now, but after looking at the current price of bitcoin and comparing it to some other altcoins, and also that his money can only afford him about BTC0.07, he refused and said he would rather invest in an altcoin that it's  price is still below a dollar

I had the same problem when I first heard of Bitcoin. And I wasted 1.5 years mostly with worthless altcoins.
I was lucky and the period I've wasted matched a bear market. But will your brother be this lucky? I doubt it. 1.5 years is already after next halving.

So you better convince him to DCA instead of wasting his money in coins that now worth 1$ and in 2 years they'll worth less than 1 cent. He doesn't have to buy 1BTC, nor 0.07BTC. He can start with even 0.007BTC or less; let him start much smaller until he gets comfortable with all this. Just make sure he doesn't waste too much with various exchanges' withdrawal fees (since it can be very disappointing at small amounts).

Just tell your brother that if he wants to be a millionaire, then he should always ready to take the risk and not afraid to buy bitcoin even at its higher price. Bitcoin may be costly, but when it comes to profit making, it will also give us the huge returns more than any coins can made. Suggest him to do DCA with bitcoin, if he can’t do that, I guess he’s not destined to become a millionaire when halving finally happens.

[nullama]

Let's see:

According to estimates, in the middle of 2021 there were 56 million people worldwide whose assets exceeded one million dollars

There won't be more than 21 million bitcoins, so I would start by grabbing one as there won't be enough Bitcoin for all the millionaires in the world to have just one.

[carlfebz2]

This thought is based on an experience I had with my brother yesterday, he is just joining the space, he has some money which he wished to invest in crypto, I adviced him to buy bitcoin for now, but after looking at the current price of bitcoin and comparing it to some other altcoins, and also that his money can only afford him about BTC0.07, he refused and said he would rather invest in an altcoin that it's  price is still below a dollar

I had the same problem when I first heard of Bitcoin. And I wasted 1.5 years mostly with worthless altcoins.
I was lucky and the period I've wasted matched a bear market. But will your brother be this lucky? I doubt it. 1.5 years is already after next halving.

So you better convince him to DCA instead of wasting his money in coins that now worth 1$ and in 2 years they'll worth less than 1 cent. He doesn't have to buy 1BTC, nor 0.07BTC. He can start with even 0.007BTC or less; let him start much smaller until he gets comfortable with all this. Just make sure he doesn't waste too much with various exchanges' withdrawal fees (since it can be very disappointing at small amounts).

Just tell your brother that if he wants to be a millionaire, then he should always ready to take the risk and not afraid to buy bitcoin even at its higher price. Bitcoin may be costly, but when it comes to profit making, it will also give us the huge returns more than any coins can made. Suggest him to do DCA with bitcoin, if he can’t do that, I guess he’s not destined to become a millionaire when halving finally happens.

Making yourself a millionaire or targeting out to be the one then you would be needing huge money for you to invest on and lets say you would be putting all in bitcoin then gradual buys on thousands amount

will be ideal or something realistic rather than buying yourself on hundreds and the accumulate but those amounts wont be enough for you to make a millionaire even bitcoins price would fly up so high.

Lets just make out some calculations yet 3x-10x on bitcoins price as of this current value would really be hard to consider out but since we dont know on what the future
holds or does have then it would matter on how much risks you could really put in.

[landheer]

indeed if you look at the price of bitcoin now and then it is indeed very far away. .compared to the past. but in my opinion, don't be greedy in investing because if our have a greedy nature, usually and most will make losses, because I have experienced it. and I think it's better to invest in bitcoin because the risk is not too big. whereas in altcoins the risk is very large. but of course people have different views.

[Gallar]

most beginners are like that, they look at the potential for a 100-1000% increase, even though it is also very risky, all do not know when buying
altcoins will go down or will go up, but in bitcoin, even though there is a decline, it likes to rise again significantly.

for beginners in crypto trading or investing,
look for crypto that is really quality, don't look at cryptyo from the price, but from the quality, for example like bitcoin, it's expensive, but it's the most quality and most superior crypto, it's better to buy little by little, but it's bitcoin, because in investing it Don't be in a hurry, just relax.

Later you will appreciate your struggle, so don't rush.

[silbertlee]

Do you know that since the invention of Bitcoin in 2009, the cryptocurrency space has produced more billionaires and millionaires than any other financial space/industry in the world ?

12 years ago, with a dollar($1), An investor can literally own a few thousands of Bitcoin, but today, an investor would have to spend at least, $20,000 to own one full bitcoin plus..(BTC1+)based on currently price that's a little above $19,000.

Knowing the above, I have this feeling that it scares small investors (that is those that can not afford up to 1 full bitcoin or even 0.5 bitcoin) from investing in bitcoin most especially, during bear market as we are currently experiencing.
Since one of the most reason why some people buy bitcoin is for monetary gains, they feel investing in bitcoin now can never make them the millionaire they dream to become, so they go for altcoins that are still very cheap instead thereby exposing their money to a higher risk for a higher gain kind of investment.

This thought is based on an experience I had with my brother yesterday, he is just joining the space, he has some money which he wished to invest in crypto, I adviced him to buy bitcoin for now, but after looking at the current price of bitcoin and comparing it to some other altcoins, and also that his money can only afford him about BTC0.07, he refused and said he would rather invest in an altcoin that it's  price is still below a dollar, according to him, he said that if he buys bitcoin at this current price, even if by 7 years from today, the price of bitcoin rises to $200,000 and above, it still will not give him the kind profit he wants, it won't make him a millionaire 🤣🤣🤣,

(please note that, I didn't bother calculating what 0.07 bitcoin would worth when 1 full bitcoin hits the price of $200,000)

 according to him again, he is ready to hold for at least 10 years, but he's not sure BTC0.07 would make him a millionaire in 10 years from now.
In the process, I gave the idea of making it a habit to save his monthly salary in bitcoin for atleast, 2 years while waiting for his target of 10 years, that by the end of that 2 years, his bitcoin balance won't be 0.07 any more, but a little close to BTC1 full bitcoin, and it's worth in dollars can even be much more if the price of bitcoin appreciate significantly in the course of the 2 years... He still refused, says he's not sure it will work out..

At the end of it all, I had no choice but to leave him to his choice, atleast, it saved me the stress I would go through trying to make him feel alright in the future if things later did not go as u envisioned for him.

So for all the newbie small investors out there that have this same mindset as my brother, what would you as an OG, advice them to do?
Remember, they wanna become a millionaire, but they think since they can not afford to buy up to 0.5 bitcoin atleast, then bitcoin can not give them that millions they so desire.... What would be your advice?

Let's discuss.

If, there is no if in life. You buy bitcoin now, always before the next minute. Bitcoin is held for the long term. Think about it 10,000 times rather than do it once. My whole investment plan is very simple, I take out $150 every month, and every month I turn this money into bitcoin and put it in my little fox. I don't consider whether the price I'm buying is right now. See you in 5 years.

[Welsh]

It is always easy to look at the past and say 'IF'

- If I have known about Bitcoin in earlier years like 2009 or 2013, I would have invested in Bitcoin.
People said the same IFs in 2013, 2017 and 2020. Now when they are given a great chance to actually invest in Bitcoin at cheap price, they are still saying if about earlier years. But they unfortunately reject to take the chance in this year.

Later, in future, in 2024 or 2028, other people will say the same Ifs
- If I have known about Bitcoin in earlier years like 2022, I would have invested in Bitcoin.

You're right it's easy to say I would've invested back in 2009-2013. However, Bitcoin felt different back then. It didn't have a proven record, it was a new concept, the software available wasn't as easy to use, and consumer confidence wasn't what it is today.

A lot of people didn't even think it would achieve the heights it has, at least not yet. A lot of users treated it as a gimmick. That was the attitude back then. Few actually realised the potential, but even those were shocked by how quick Bitcoin sky rocketed.

Today, it's easier to buy Bitcoin. There's more options in terms of exchanges, and there's more people looking to trade. Not only that, consumer confidence despite current prices is higher. Since, we've already seen Bitcoin x3 the amount of what it's today, and people are hopeful that will happen again. You didn't have that back in 2009-2013.

Most people who say they would've invested, probably wouldn't have. Hence the reason they didn't discover Bitcoin, they wasn't seeking an alternative at that point, and therefore wouldn't have seen Bitcoin as an alternative.

[Yatsan]

Never too early to invest not unless you are wanting to buy on a market price as low as it was when it was released or still not popular;that would be impossible. But if people who are asking whether they are late or not, to invest, then there are times to enter such as with what happened multiple times. The market price of not only Bitcoin but majority of cryptos are down at this moment or this year. They may use the advantage to enter or invest and wait for pump to happen if not within this year, maybe next year. Just invest an amount you can afford to lose in order to avoid regrets.

We have seen it countless times. The market price would fall;investors are hesitant to invest. Market price would go up; investors are hesitant and they will wait for the value to again fall. But during bull run, falling of prices is a bit hard to see so they will end up buying on a higher market price than it should, if they bought early. You guys decide.

[Ultegra134]

As others have already mentioned, it's no use dwelling on the past. We don't know what the future holds for Bitcoin and cryptocurrencies. However, I honestly believe that the early days of Bitcoin are over. Before you jump to conclusions, my point is that you can no longer obtain a large amount of Bitcoin with, say, $200–300. Even back in 2013–2016, you could acquire a decent amount of Bitcoin for $200. Nowadays, with such an amount of money, you'd get a tiny portion of BTC. Even if the price multiplies by x10, you'd still have $2000.

My point is that, compared to the earliest stages of Bitcoin, we don't have the same opportunities. $1000 back then could potentially make you a millionaire, providing that you held till the last few years. Now however, the same amount of money hardly makes you millionaire, no matter what.