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Author Topic: You are still very early  (Read 952 times)
Z390 (OP)
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May 14, 2023, 02:11:39 AM
Merited by The Cryptovator (5), EFS (4), mk4 (1)
 #1

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.

All I could tell such people is that, they should look at the bigger picture, we are still early than they think, how many people in the world are out of Bitcoin and Crypto? Not even 10% of the whole world population are in Crypto today, and the most effective reason for Bitcoin to keep growing is the adoption rate.

Like I keep telling people, with 0.1BTC in few more years you will be one of the Bitcoin OGs, all you need to do is HODL firmly.

Remember that some early Bitcoin adopters bought pizza with their Bitcoin, real scarcity rate and massive adoption is coming, don't stress yourself, just go for 0.1BTC.

.
HUGE
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May 14, 2023, 02:42:29 AM
 #2

1. Doesn't matter. We haven't reached close to how much demand bitcoin could get.
2. But yet we have so much hashpower.
3. These people will end up investing in some "cheap"(a.k.a. high supply) coins/tokens and end up getting totally burned.

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May 14, 2023, 03:02:49 AM
 #3

You can say that to people who want to change their lives in the future and are willing to embrace new things like Bitcoin. As we know, many people are still sceptical about Bitcoin and don't think its presence can help them have a better future.

It's not too late to invest in Bitcoin, especially now that the price is still at $ 26k and will increase again. So if those people are willing to start investing in Bitcoin, they won't regret it, especially when they see the price of Bitcoin going up this month and beyond.

But if they still don't want to invest in Bitcoin, we don't need to force them to do what we do because it is a choice. We have a choice that we want to make, including investing in Bitcoin or something else. So it's better for us to invite people willing to accept Bitcoin, focus on collecting it only, and let people who don't want to follow us.

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May 14, 2023, 03:05:19 AM
 #4

What happens with many people is that they are not able to see the big picture and only see the short term. But to put it bluntly, we are less early than we were a couple of cycles ago. In terms of adoption, there is still a long way to go, but the peak of bitcoin's positive volatility was experienced in the first cycles, when everything was more uncertain and pizzas were paid for with bitcoins. That is not going to come back, even if there is still a lot of good left.

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May 14, 2023, 05:10:10 AM
 #5

To be fair most of people are looking to get rich quick by flipping their coin, that's why they're prefer to gamble on shitcoins rather than looking for the safest long term investment e.g. Bitcoin. There's always a person who can make money through shitcoins, but it's just like picking a needle in the haystacks, the chance is very low. They're also uneducated, that's why they don't have any reason to invest in Bitcoin except for making money.

Working in real life and convert to Bitcoin is better than gambling in shitcoins.
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May 14, 2023, 05:34:57 AM
 #6

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

1. And we are getting to that 21 million almost getting mined. Perhaps in the next 3-4 halvings.
2. Hashpower is the key
3. Another lame excuse I do agree

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.

All I could tell such people is that, they should look at the bigger picture, we are still early than they think, how many people in the world are out of Bitcoin and Crypto? Not even 10% of the whole world population are in Crypto today, and the most effective reason for Bitcoin to keep growing is the adoption rate.

Like I keep telling people, with 0.1BTC in few more years you will be one of the Bitcoin OGs, all you need to do is HODL firmly.

Remember that some early Bitcoin adopters bought pizza with their Bitcoin, real scarcity rate and massive adoption is coming, don't stress yourself, just go for 0.1BTC.

As you have said, newbies should look for the bigger picture, not just the next halving, but the next and then next one. Because once bitcoin supply is getting limited by every halving, the price will definitely go up as there will be more demand, the basic law of supply and demand will be more evident than ever before. And we don't need to invest 1 BTC right away, just keep grinding and accumulate as much as you can, in your capacity. Be 0.1 BTC or lower.
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May 14, 2023, 05:45:24 AM
 #7

As you have said, newbies should look for the bigger picture, not just the next halving, but the next and then next one. Because once bitcoin supply is getting limited by every halving, the price will definitely go up as there will be more demand, the basic law of supply and demand will be more evident than ever before. And we don't need to invest 1 BTC right away, just keep grinding and accumulate as much as you can, in your capacity. Be 0.1 BTC or lower.

It is very common to hear people reject Bitcoin investments because of perceived high prices, a decreased supply of Bitcoin for miners, and the belief that it is too late to invest and if we look at the bigger picture and understand that we are still in the early stages of crypto adoption. I agree as brother Despairo said that working and making money in real life and then converting to Bitcoins is a better option than gambling with "shitcoins". Let's Start from 0.1BT

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May 14, 2023, 05:49:18 AM
 #8


All your points are correct and I totally agree with those, but even if we put our best effort in convincing those people to invest in Bitcoin, still they won't be convinced because they'll find a way to think that we are trying to scam them and their mindset won't allow them to purchase this rare asset.

I said rare asset because Bitcoin truly is rare and once the supply gets reduced and demand gets higher than those people will understand the rarity of the digital asset . Most of them will regret that why they didn't purchase Bitcoin when its price was still below $27k. However, that regretting won't be helpful either because they won't be able to do anything then.

That's why it's still the best time to buy Bitcoin because I'll surely say that with next halving the $27k range will be a dream for accumulators as it will never go that down in price ever after the next halving. Instead of listening to those people who discourage people from purchasing this asset we should follow those people who encourage us to accumulate as many bitcoins as we possibly can.

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May 14, 2023, 07:41:02 AM
 #9

For long term it is. Ive been grinding with somr altcoins just to accumulate gains for bitcoin investment. Its not bad to play with some alts since its multiplier is much better than bitcoin. Thats my play. Even if someoen advice me to stay away from alts, well they cant persuade me to focus on bitcoin alone since I know how the gains are much easier made on alts than bitcoin. Im not a whale so just gonna do a way to make my little capital to swell first beforr focusing on an expensive bitcoin.

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May 14, 2023, 08:02:44 AM
 #10

IMO getting involved in anyway with $hitcoins other than Litecoin or Monero is only feeding
their popularity, as Bitcoiners we should be shunning $shitcoins.

I also recon that if someone is only looking for quick fixes or get rich quick results
they will only look at $hitcoins and make their gamble there.

on the BTC0.1, totally agree with the sentiment that the amount could be a substantial
FIAT value in the future with further adoption and demand against a deflating supply, its
kind of a no brainer when also considering the transferability, preservation,
security and storage of wealth Bitcoin offers.

Its unfortunate that $hitcoiners cant see this, they have the "when Lambo?" attitude.


R


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May 14, 2023, 08:11:33 AM
 #11

I don't understand the first point, to be honest. Is it that most BTC has already been mined, that the total supply is too low, or that it is too high? In all of the cases, I don't think it's a valid argument against investing in Bitcoin, but still. As for #2, it can be an argument against starting mining now without having major resources, but not against just buying some BTC. And #3 is worth keeping in mind, of course, but not entirely accurate. It's unlikely that Bitcoin will go 20x very fast, as it did in 2017. But it can go 3x-5x, I think, and these are also pretty good gains. Maybe it can even go 20x from the current price, but it'll just take more time, several bull runs and several-year bear breaks in between.
Bitcoin is still a good investment, it still has a lot of potential to spread much further. So I do agree with the op that we're still in the early days.

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May 14, 2023, 08:13:58 AM
 #12

1. Bitcoin total max supply is almost at 21milliion, why should I invest?

Yet this sewer boyz keep investing on trillion to infinite supply shitcoin just because it’s value is 0.000000000xshit without any real utility. People keeps looking for an alternative to Bitcoin since they think the missed out already the pump without thinking that we are just starting the mass adoption.

If people will just stop wasting money on shitcoins and focus on Bitcoin alone. I think they already get their target profit without sleepless night worrying my shitcoins will have no value tomorrow.

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May 14, 2023, 08:22:29 AM
 #13

To be fair most of people are looking to get rich quick by flipping their coin, that's why they're prefer to gamble on shitcoins rather than looking for the safest long term investment e.g. Bitcoin. There's always a person who can make money through shitcoins, but it's just like picking a needle in the haystacks, the chance is very low. They're also uneducated, that's why they don't have any reason to invest in Bitcoin except for making money.

Working in real life and convert to Bitcoin is better than gambling in shitcoins.

As you also said, there are also people who invest in shitcoins and get big profits. And to be fairer, I don't see anything wrong with investing in altcoins as not all are shitcoins, some altcoins are growing very well and offering huge returns for many people. Once we invest in crypto, it means we intend to get rich quickly, including in bitcoin, because if you really want to be safe and not in a hurry to get rich quickly, then you have chosen gold or other safe havens.

As cryptoaddictchie said, he is not a shark, he does not have too much money, so he invests in altcoins, but the end goal is to earn more money to accumulate bitcoins for the long term. I see this strategy used by many people and it is also their way to increase their bitcoins, what did they do wrong?

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May 14, 2023, 09:00:14 AM
 #14

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.
The supply is 21 Million, but we have already mined 19.37 Million Bitcoin in the last 13 years. You don't have to worry about the supply. The rest 1.67 Million Bitcoin will take around 140 Years to be mined. The scarcity will increase even further after the next halving. It's been only 13 years, and still, a long way to go. Compared to the days we have passed and the days remaining to the end of the mining phase. We are still in the beginning. About Miners, They are making the same or more money, I guess. The only thing I can say is if they hold what they have mined, then yeah, Compared to that time, Current miners are getting less block reward. But, At that time, Bitcoin doesn't worth what it's worth today.

The current block reward is 6.25 Bitcoin, worth over $168K today. After the next halving, the miners will make 3.125 Bitcoins which may be worth more than $168K in 2024 or, let's say, 2025. So, It's absurd to talk about the block rewards. Bitcoin Mining is still profitable, and it will remain profitable for the next hundred years.

Bitcoin's value is indeed too high. But, This is not the end of Bitcoin. As I already said before, We have only passed 13 years. We have a long way to go. The scarcity will increase over time, and the Value of Bitcoin will increase.

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May 14, 2023, 09:14:46 AM
 #15

People can start investing in bitcoin or stick with other options and no one can force them to follow someone else's advice. But if they follow the development of bitcoin and check Bitcoin's past journey, they can see that Bitcoin's popularity has been growing and many people are starting to invest in bitcoin. And if they could just start looking into bitcoins, they would find that those people could make huge profits from bitcoins.

And if they can invest as much as 0.1 BTC in bitcoin, they can become a rich person who makes a big profit from it. This is one of the reasons people invest in bitcoin. They can get rich from investing in bitcoin. Now is still a good time to start investing in bitcoin and hopefully, they can see that the current price is still a good buy price for them to start investing in bitcoin.

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May 14, 2023, 10:43:29 AM
 #16

It is not everybody that will invest in bitcoin because bitcoin is not made for everyone and that is why there is limit in supply of 21 million btc. Those who are giving excuses to invest on bitcoin don't believe in it and most of them will be very hard to convince because they feel that they know it all.

There some people who have not heard of bitcoin and if they are privilege to be educated on bitcoin,they will invest in it. Bitcoin value don't end on bitcoin halving but will be the only saviour from inflation and vulnerable attacks in the future. Some set of people won't invest now,it is until when bitcoin price has shot up to 50k and above that is when they will be caught the FOMO and purchase. Buy now that the price is 26k and be greatful for your actions later.

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May 14, 2023, 10:52:31 AM
 #17

We will benefit from holding Bitcoin in the future if there is real demand. The fact that Bitcoin has already reached the current price is a significant success considering its initial near worthlessness. Just looking at the price, it is already high, and we have not yet achieved mass adoption. Achieving widespread adoption is crucial if we want to enjoy the benefits of our investment now, as without it, Bitcoin will remain a volatile asset.

Governments need to create crypto-friendly laws, and with the continuous support of our community, investors, and those who have a love for Bitcoin, the government will be forced to listen to us. There is a reason why Bitcoin is valuable—it is often referred to as digital gold. Just like gold, Bitcoin is considered valuable, and in times of war, gold does not devalue. Similarly, Bitcoin holds its value.

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May 14, 2023, 11:05:34 AM
 #18

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.
1. Anddd this is a reason why? They probably don't even understand what the max supply even means for Bitcoin.
2. You're not the bloody miner brother. And comparatively speaking, there's an improvement in hash power from last year to this, so I don't think it matters much.
3. It's too "high" in comparison to zero, yes, but it isn't exactly the max, no one really knows if it actually is after all.

I mean, people who don't want to invest would always find a reason not to invest, and people who do would always be able to find a reason why, I don't think there's any need for advice here. Information about Bitcoin is plenty in the internet, it just takes a bit of time to study up, and probably a bit of guidance for some to make sure they got the correct info. It's also a matter of investing in Bitcoin is for the long term for the most part, and not a quick easy rich scheme.

R


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Gallar
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May 14, 2023, 11:31:07 AM
 #19

1. Bitcoin total max supply is almost at 21milliion, why should I invest?
2. Bitcoin miners are not making more Bitcoin as they used to.
3. Bitcoin value is too high, I won't make enough gains investing in Bitcoin.

Before you nailed me to the wall for saying these, this aren't mine, they are shit talks I heard from people who believe that Bitcoin investment is too late, what advice do you have for them? Your contributions are welcome.
~

Thinking like that is common for people who are just starting to invest in bitcoin for the first time, because of course they still have a lot of doubts in their minds. Because most of them still can't see the potential of bitcoin in the long term and as a whole. So for beginners who are really just getting to know bitcoin investing, it is still considered normal to have thoughts like that about bitcoin. But it is true, such thinking must be changed and corrected as soon as possible. Because if you constantly have thoughts like that, it will most likely hinder someone from making progress, especially in the field of bitcoin investment. Because thinking like that has entered into pessimistic thinking. Meanwhile, in investing, especially in bitcoin, you must always have positive thoughts and should not be pessimistic.
And in essence, it's never too late to invest in bitcoin.

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Antonas1
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May 14, 2023, 11:36:35 AM
 #20

1. Why not? That's why I had to buy it, the rarer the better.
2. Depending on the mining machine power used.
3. But it's safer than buying cheap shitcoin with the risk losing my money.
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