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

[nullama]

Anyone can start saving in Bitcoin today.

That makes no one late to anything.

If a person is able to acquire bitcoin today and still have control of it in 13 years into the future, they will probably hold more value than what they hold today.

It's irrelevant to think about what you didn't do in the past, you should focus on what you can do today.

[buwaytress]

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.

We won't have the same opportunities as a guy in 2013, sure. But whereas it'd be a guy throwing down money on Bitcoin one off in 2013, we're now talking about different opportunities like DCA today.

In 2016 when I was first freelancing and asking for BTC, people were saying the same thing, that it's too late now to buy BTC and hope for x10 (BTC would x35 or so a year and a half later), but if you'd DCA'd then, you'd have not $200 but maybe $2000 by the time the rally began.

The same I would say for a DCA starting today. Regardless of what happens to price from now until a year after the next halving, that's about 30 months of DCA opportunities. $200 a month is going to be $6000, it's a great amount of savings to have, and who knows what happens by next ATH?

(Rough examples, just for its sake)

[krishnaverma]

We are still in early stages and there is lot of growth prospect for crypto. The value or price of bitcoin will only rise from here because:

1) There is a limit to how many bitcoins can exists in total. As we approach that time, the value of each bitcoin will increase because of scarcity. So if you buy now and hold for long term, you will always be in profit. Juts make sure that you do not loose faith because of small swings or downfalls in the price of BTC.

2) A lot of new investors will also start investing in bitcoin with time. This means that the demand for bitcoin will automatically increase which also move the prices up.

3) The awareness related to bitcoin and crypto will also increase. When other countries will see that a particular country is benefitting from encouraging the growth of crypto, they will also follow the same route.

[_BlackStar]

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?

Bitcoin is not ponzi scheme and they should know that nothing will guarantee rich for these investors in future despite the fact that over the last decade bitcoin has produced many new billionaires. I don't think your friends should think of bitcoin as a means to get rich in the next 1 to 10 years because any price increase higher than now is speculative.

Bitcoin has good potential to become more expensive investment asset in future, that's right because at the moment bitcoin is in a new stage of being widely adopted as currency or means of payment. This will greatly support bitcoin in a positive way where demand is likely to increase. If your friend can't afford 0.5 btc now, then suggest him to buy in any amount whatever his financial ability. That's much better than nothing.

[qwertyup23]

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.

You are definitely right- like what I also mentioned to similar posts like these, the best time to invest in BTC is the time you discovered it!

While majority of us missed the golden opportunity of investing into BTC in its early and glory days, all hope is not lost since the opportunity that we have is we know about its existence. The rule is that we must at least invest now and save it for long-term. To be honest, the present days are the days that we will look back 5-10 years in the future- that is why, consider it as a blessing once you discover the existence of BTC and invest at least some savings on it!

[Viscore]

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.

Nothing changes actually, people just keep ignoring opportunities and regret later. Now, bitcoin gives another opportunity again to buy at a very good price, but still people will always wait for another price recovery before they’ll decide to buy. And when the price recovers, people will wait again for a higher price for bitcoin before they finally invest. Bitcoin is no longer in its early years, but people fail to see it and still rejecting every chance to invest in bitcoin. The reason while many of the bitcoin investors have succeeded, there are also a lot of people regretting hoping they bought bitcoin in its early years.

[serjent05]

If we are comparing the price on how early it is if we buy BTC today. then I think it is as early as 2018 since the price range of Bitcoin today is the same as price range last 2018.  So basically we are buying BTC at a price of 4 years earlier.

Nothing changes actually, people just keep ignoring opportunities and regret later.

I do not think they are ignoring it, it is either people who don't have enough knowledge, don't have enough faith, or don't have enough money to buy BTC.  With the pandemic and the effect of war, people are struggling to meet their day-to-day needs.

[nullama]

If we are comparing the price on how early it is if we buy BTC today. then I think it is as early as 2018 since the price range of Bitcoin today is the same as price range last 2018.  So basically we are buying BTC at a price of 4 years earlier.

Nothing changes actually, people just keep ignoring opportunities and regret later.

I do not think they are ignoring it, it is either people who don't have enough knowledge, don't have enough faith, or don't have enough money to buy BTC.  With the pandemic and the effect of war, people are struggling to meet their day-to-day needs.

Yeah, I think that's the thing.

People are busy, living their lives, etc. Not everyone has the required free time to learn about how money works, how bitcoin works, then learn how to do everything, etc.

Also many people just don't know about it. Usually every new ATH brings Bitcoin to the mainstream a bit more, and more people spend some time to learn about it.

It's a slow process that will take years or decades.

[Gallar]

when it comes to choosing which crypto is more profitable and has more potential, of course bitcoin is number one.
because the risk is small, and when the profit is also quite large.

what about altcoins,
indeed the price is still a lot under $ 1 and sometimes when the profit is very fantastic.

but the risk of loss can also reach 90% or even 100%.
In essence, don't be tempted by big profits, but the risks are also big.
better standard and the price is quite expensive, but the level of loss is small.

[Lien Uiryen]

As an investment, instead of giving exact advice to others, you can make a few suggestions and let your friends make their own decisions.
People always complain when they see future results why they didn't spot this opportunity sooner. Assuming you don't come back in time with memories, would you choose to invest in Bitcoin? You look back now only because you already know the outcome.

[Ultegra134]

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.

We won't have the same opportunities as a guy in 2013, sure. But whereas it'd be a guy throwing down money on Bitcoin one off in 2013, we're now talking about different opportunities like DCA today.

In 2016 when I was first freelancing and asking for BTC, people were saying the same thing, that it's too late now to buy BTC and hope for x10 (BTC would x35 or so a year and a half later), but if you'd DCA'd then, you'd have not $200 but maybe $2000 by the time the rally began.

The same I would say for a DCA starting today. Regardless of what happens to price from now until a year after the next halving, that's about 30 months of DCA opportunities. $200 a month is going to be $6000, it's a great amount of savings to have, and who knows what happens by next ATH?

(Rough examples, just for its sake)

Certainly, opportunities back then were pretty much endless; with a small amount of money, you could acquire a decent sum of BTC. However, that only applies if you've actually held that amount, and the truth is that most of us would have sold it the minute it doubled in value. Regretting what you did or could have done otherwise puts us in a vicious cycle; it leads nowhere.

To be honest, supposing I had bought BTC at $200 each, I'd be extremely tempted to sell at $1000, a price difference that may sound insignificant now, but it was a huge deal back then. The exact same thing will also occur when BTC recovers from ~$20,000 to $30.000.

It's not over yet, we're far from it, there are still an abundance of opportunities out there.

[Hamphser]

As an investment, instead of giving exact advice to others, you can make a few suggestions and let your friends make their own decisions.
People always complain when they see future results why they didn't spot this opportunity sooner. Assuming you don't come back in time with memories, would you choose to invest in Bitcoin? You look back now only because you already know the outcome.

Even if you do wish on getting back in time but having no knowledge about the outcome or future results then for sure even up to those early days then you cant really be still that confident
on buying unless if you are aware then you would definitely buying tons. 

Its true that you can only say up things since you do know the outcome but if not then you would really be hesitating.Same goes into the current state that we are in.
There's no such thing about guarantee and there's no such thing about knowing about the future or making out conclusions.
Speaking about Bitcoin future then we dont really know on how far it would really be able to increase out but if you could put up some risk
towards your investment then it isnt really that bad to consider on throwing up some bucks for long term investment with Bitcoin.Now that we are on a bear
market where everything is really that cheap for you to get in.

[uchegod-21]

As long as bitcoin continues to exist and also the cryptocurrency continue to grow there will always be an opportunity for anyone at any time. Even if bitcoin rises to 100,000 dollars there would still be another opportunity because it will eventually get to 200,000 dollars . The only problem or difference is that the amount of opportunity presented by bitcoin today may not be the amount of opportunity it will present by next year but in anyways there must always be a buying opportunity because the market will always be going up and down. Bitcoin is cyclical

[Ummarr]

No one knows what will happen in 120 years as we don't have a crystal ball. There are more and more people going to exchanges like Binance, Primexbt, kraken

[Desmong]

Anyone can start saving in Bitcoin today.

That makes no one late to anything.

If a person is able to acquire bitcoin today and still have control of it in 13 years into the future, they will probably hold more value than what they hold today.

It's irrelevant to think about what you didn't do in the past, you should focus on what you can do today.

One of the reason why we need to be very agile when investing in Bitcoin is for us to keep our seed phrase very closely so that we will not lose it that will make us make severe error of blaming ourselves why we ever invested in cryptocurrency.
Bitcoin is very good for investment but it we missed it all we might end up blaming ourselves why we never invested in it. If you say this is the best opportunity for us since the market is down then that is fine.

[darkangel11]

No one knows what will happen in 120 years as we don't have a crystal ball. There are more and more people going to exchanges like Binance, Primexbt, kraken

Exchanges will appear and disappear but the number of bitcoins  in circulation is limited and will keep going down.

I think that it's not early but it's also not too late. In time the expected profit will decrease but that doesn't mean you'll lose money. You will gain money just not 100x like you could 10 years ago. It's more like 5x now but that's still a great profit especially that you're gaining self sustainability, independence. No other investment gives you that. Even buying your first house can't compare.

[Wiwo]

This thought is based on an experience I had with my brother yesterday, he is just joining the space, and he has some money that he wished to invest in crypto, I advised 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 its 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 🤣🤣🤣,

Let's discuss.

I read through the entire piece but I choose to reply to this portion of the piece, your brother is just being greedy already before he start his cryptocurrency journey with the way his focus on profit maximization in short term this could lead him to invest in a shitcoin/Ponzi alike form of projects that promise invested x profits within a month of investment, this kind of decision will lead him into frustration when the opposites happen and the coin failed to pump as expected or the coin becoming a pump and dump project just like the other schemes around the crypto industry that has drained investors money to finance CEO lavish lifestyle. The recent FTX situation should teach us some lessons about never trusting centralized projects.
But if your brother buys bitcoin steadily and consistently, he can accumulate enough Bitcoin that can turn his life around and also give him the chance to build knowledge around the bitcoin technology that could aid him in a lifetime of financial freedom via knowledge and decentralized alternative that bitcoin offers.

[proud55]

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.

Exactly...I cannot even imagine reading this post in 2028.. Who knows what the future of Bitcoin holds.

∞/21million

[Vaskiy]

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.

Exactly...I cannot even imagine reading this post in 2028.. Who knows what the future of Bitcoin holds.

∞/21million

With every halving we used to experience some push in the price. With time the market too have widened. This confirms the growth with bitcoin and top cryptocurrencies to some extent. However we don't know what really happens. Based on assumption it is true, we will feel bad of thinking about today when years have passed.

[nullama]

No one knows what will happen in 120 years as we don't have a crystal ball. There are more and more people going to exchanges like Binance, Primexbt, kraken

The future of Bitcoin might be similar to the present of the web.

In the beginning of the web, everything was great, and pretty decentralized.

Then companies realized they can make a lot of money with it.

Then the web started to become centralized, and people started to use those companies more and more.

Because it's easier to just use Google, or Facebook, etc, then just doing your own website or whatever you need, then centralization continued.

Similar in Bitcoin, in the beginning there were no companies behind it, but quickly companies realized they can make money there as well.

So now we have exchanges, banks, and many companies that make it easier for people, but it ends up being way more centralized than it used to be.

The future will depend on what the people do with Bitcoin.