You are still very early

[Mpamaegbu]

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.

You can't genuinely say you blame them, can you? Pre-2017, and even in 2017, so many people got that lucky and made piles of money from investing in alts than they did in Bitcoin. Virtually every altcoin mooned in late 2017 to the first quarters of 2018 before so many of them crashed to death. That was my first experience and I saw first hand what a bull rally was like. I got deceived thinking every altcoin was worth investing in and that hit me very hard later. I lost money like many greenhorns then. Many of us learnt that lesson and moved on. Bitcoin remains the surest long term investment. It's slow and steady with less risk than altcoin investments.

[Yatsan]

To say the least, I choose to invest in bitcoin as an asset like gold. Because, over the past decade, bitcoin still exists and its potential for development is still there, the liquidity in the market has also gradually started to become more stable than before. So choosing it as an accumulative asset is a good thing. If you want to make money faster in this market, I think it is reasonable to switch to altcoins because the push of the fish can make a coin x10 x20 and reach the top 500 coin markets easily.

Right now, it's better to focus on Bitcoin first. Bitcoin is like the benchmark and reference point for all other cryptocurrencies out there.

Although some altcoins can bring in huge profits, many of them are still questionable. It's not really a benefit to ditch Bitcoin for altcoins just because they have the potential to make more money. The truth is, fundamentally speaking, altcoins are not better than Bitcoin.

You must have noticed, haven't you? Many altcoins come and go, which proves that they still can't compare to Bitcoin in terms of significance.

We don't need to give up bitcoin entirely and switch to altcoins, but to maximize profits, we can allocate a small portion of capital to altcoins.  why do we always stubbornly only invest in bitcoin when many altcoins are offering better returns?  it's like when we curse billionaires like warren buffett or Bill Gates, who don't know anything about bitcoin and they are only loyal to gold and real estate.  No one said altcoins are better than bitcoin in terms of technology, but do we invest for profit or for technology? There is no denying that altcoins offer better returns.

In terms of technology, they are all the same. On the other hand, there are people who only invest in Bitcoin simply because they want to lessen the risk of losing because of the idea that the market price of Bitcoin is less likely to fall in an instant and as deep as worse expected. Indeed it would be better to diversify investment but to some, diversifying would mean bigger risk. Since we have different viewpoints in this industry, and all having the same chances of not getting an assured return from what we have invested, then that is I guess, not wrong.

As Op have pointed out, there's still a long way. By the rule and relationship of demand and supply, the price is meant to increase with sky as the limit but that is only if, the demand would be continuously increasing as well in the future. Indeed it is still early and not too late for those who wants to but atleast find that price point where you would be confident no matter how the market behave.

[Bitcoin_people]

No matter how high or low the price of Bitcoin is, not everyone can afford to buy it. But there is no doubt that Bitcoin has a near future and its value will increase more than the present. If you look at the history of Bitcoin, you will clearly understand where Bitcoin has been in the past and what it has reached now. If you are thinking of investing, be sure to do your research and find the right analysis. Out of the 21 million total supply that is on the market and being mined, it will eventually run out and even a small fraction of Bitcoins will be hard to come by. However experts have researched that Bitcoin time will reach a point when people will be most attracted to Bitcoin. As many investors as there are in the world will hold in Bitcoin and Bitcoin will be known as a popular asset of people. So Bitcoin investment should be held for a long time then there will be efforts to fulfill the dream of future life.

[Kakmakr]

You know what, people seldom listen to "good" advice, because greed will cloud their normal judgement...

I told some friends and family about Bitcoin a few years ago, after I proven to them that "Bitcoin" was not a scam. They showed interest and then they did some of their own research. This is where it gets tricky, because Alt coin supporters are creating a false "Gold Rush" with promises of huge profits with early Alt coin adoption and people are falling for that.

Yes, Bitcoin might be around for the longest time, but that in it self is showing you that it is not a shitcoin and it will not just be hyped and gone the next day. 

[ancafe]

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.

You know the maximum supply of bitcoin and people must also know that as an effort to convince them when everything is successful in the mine, Bitcoin will experience scarcity and this relationship places Bitcoin at a high selling price. Hold is one step that can be taken by people to produce big profits, but to make this more perfect people must also be able to take the chance to buy.

The scarcity will bring irreplaceable bitcoin in the Crypto room and I believe this relationship will affect the strength of Bitcoin going forward when everything ends at the mine. The question is whether we are in the right condition in holding Bitcoin or have not yet taken an approach for him.

[YUriy1991]

No matter how high or low the price of Bitcoin is, not everyone can afford to buy it. But there is no doubt that Bitcoin has a near future and its value will increase more than the present. If you look at the history of Bitcoin, you will clearly understand where Bitcoin has been in the past and what it has reached now. If you are thinking of investing, be sure to do your research and find the right analysis. Out of the 21 million total supply that is on the market and being mined, it will eventually run out and even a small fraction of Bitcoins will be hard to come by. However experts have researched that Bitcoin time will reach a point when people will be most attracted to Bitcoin. As many investors as there are in the world will hold in Bitcoin and Bitcoin will be known as a popular asset of people. So Bitcoin investment should be held for a long time then there will be efforts to fulfill the dream of future life.

As you said referring to conditions. For now, the world's population investing in cryptocurrencies is growing in demand. This suggests that adoption continues to grow, as does the demand for Bitcoin, potentially increasing its value going forward. There is no limit to the value that can be invested even with a small amount even though the price is said to be high. The thing to note here if one is trading, don't go against the mainstream and always look where the market is going and this is the right time to take off.

[Smack That Ace]

To say the least, I choose to invest in bitcoin as an asset like gold. Because, over the past decade, bitcoin still exists and its potential for development is still there, the liquidity in the market has also gradually started to become more stable than before. So choosing it as an accumulative asset is a good thing. If you want to make money faster in this market, I think it is reasonable to switch to altcoins because the push of the fish can make a coin x10 x20 and reach the top 500 coin markets easily.

Right now, it's better to focus on Bitcoin first. Bitcoin is like the benchmark and reference point for all other cryptocurrencies out there.

Although some altcoins can bring in huge profits, many of them are still questionable. It's not really a benefit to ditch Bitcoin for altcoins just because they have the potential to make more money. The truth is, fundamentally speaking, altcoins are not better than Bitcoin.

You must have noticed, haven't you? Many altcoins come and go, which proves that they still can't compare to Bitcoin in terms of significance.

We don't need to give up bitcoin entirely and switch to altcoins, but to maximize profits, we can allocate a small portion of capital to altcoins.  why do we always stubbornly only invest in bitcoin when many altcoins are offering better returns?  it's like when we curse billionaires like warren buffett or Bill Gates, who don't know anything about bitcoin and they are only loyal to gold and real estate.  No one said altcoins are better than bitcoin in terms of technology, but do we invest for profit or for technology? There is no denying that altcoins offer better returns.

In terms of technology, they are all the same. On the other hand, there are people who only invest in Bitcoin simply because they want to lessen the risk of losing because of the idea that the market price of Bitcoin is less likely to fall in an instant and as deep as worse expected. Indeed it would be better to diversify investment but to some, diversifying would mean bigger risk. Since we have different viewpoints in this industry, and all having the same chances of not getting an assured return from what we have invested, then that is I guess, not wrong.

How can you assume that the technology of bitcoin and allcoins is the same? They are completely different, have you ever heard of the bitcoin blockchain getting hacked? But for altcoins, there are no altcoins that haven't been hacked yet, bitcoin's blockchain technology is much more secure than altcoins.
Furthermore, investing in atlcoins should not be considered a diversification because the market is completely dependent on bitcoin. If bitcoin crashes, the crypto industry will collapse with it, so investing in altcoins is just a way to make a quick buck, not a guarantee to mitigate risk.

[Crypt0Gore]

I hope they listen, 10 years from this time a 0.1BTC will be impossible to buy for average income earners just like how it's very hard to have 1 BTC right now, by the time when 1 Bitcoin costs 150k you will see how hard things will get, even 0.01BTC will be too costly to buy, this is why I believe that the opportunity of buying Bitcoin in a bear market won't stay forever, maybe in 2028 we will be advising people to buy at least 0.02BTC for long term hold, the chance that this will be the case is 97%, it's really never too late to become a Bitcoin OG like OP stated.

Accumulation phase is still very low compare to what could happen in future, if 500k new crypto investors come to accumulate some Bitcoin you will see how crazy it could get, the trick here is never adoption rate, I read online a day ago that Bitcoin wallet addresses that have Bitcoin in them have exceeded 1 million Bitcoin wallet, that's a history in the making.

[hsdjkahskjdh]

"Re: You are still very early "

95% of supply is mined dood, you are late.

[Patrol69]

[quote author=Z390 link=topic=5452652.msg62240965#msg62240965 date=1684030299

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.
[/quote]
On May 22, 2010, a gentleman who bought only two pizzas for 10,000 bitcoins would he have made such a mistake if he knew that the market value of his 10,000 bitcoins would be $28,000,000 today? That is, when we need that thing, we spend that thing. The price of Bitcoin may change a lot in a few years from where it is now. 

Suppose you buy a car now with three BTC, after 10 to 12 years when you see that you can buy 100 cars with that amount of BTC, will you regret like the person who bought this pizza? So I want to say you can trust bitcoin this bitcoin can change your life.

[Woodie]

Sticking to bitcoin is easier said than done for the freshmen in the cryptoverse!

There is just something about us humans that tends to lean  towards quantity over quality when making such an investment decisions . And with so many cheap coins there , quantity of coins plays a major role when choosing  your perfect coin because its not only about price bit potential of how much you can gain should price go up a thousand percent..

"Re: You are still very early "

95% of supply is mined dood, you are late.

The secret sauce to this equation is having demand and at the moment it hasn't reached to that level to push price up and while supply is limited crypto users need to know  that bitcoins value has not yet reached  its full potential.

[xSkylarx]

I just also noticed that they had already missed the train. I think I can't blame those other people who say they are late because their mindset was about comparing the price before and they weren't looking at the current price. Let's say if they invested 5 years ago, they would have already gained more profit than investing now. The point is that they are seeing how they can get more profit, which they missed out on because of the current opportunity.

[irhact]

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.

Tell them they don't have to worry about miners making less money, they should be worried about how they can make money from investing in Bitcoin. We're almost closed to the total supply but it'll take more than another 100years and more for miners to finish miming all bitcoin that can ever exist therefore we still have more years to profit and that's why they should invest.

Bitcoin value isn't too high, everybody can afford buying Bitcoin. Not everyone will have to own one Bitcoin and you shouldn't wait until you can afford one before you start investing in Bitcoin. If you wait you might miss the opportunity to be among the next Bitcoin gainers.

[Inwestour]

Tell them they don't have to worry about miners making less money, they should be worried about how they can make money from investing in Bitcoin. We're almost closed to the total supply but it'll take more than another 100years and more for miners to finish miming all bitcoin that can ever exist therefore we still have more years to profit and that's why they should invest.

Bitcoin value isn't too high, everybody can afford buying Bitcoin. Not everyone will have to own one Bitcoin and you shouldn't wait until you can afford one before you start investing in Bitcoin. If you wait you might miss the opportunity to be among the next Bitcoin gainers.

The addresses that own 1 bitcoin have reached the value of 1 million, which is a lot, but on the other hand, for a planet with a population of more than 7 billion, this is not such a big number. If this trend continues and more and more people want to own bitcoin, this will increase the demand for bitcoin and, of course, lead to its rise in price.

Is it still a good time to buy bitcoin? I think yes. I am looking forward to the next bull run to see how much bitcoin can rise in the near future. There is an opinion that growth may be less than it was in previous cycles, if so, then this will indicate that the cycles will lead to a decrease in volatility and in the future we will get a more stable asset.

[Aanuoluwatofunmi]

It's a very good idea to take advise from people especially those who are professionals in such field, bitcoin is not a day learning experience that you got to know everything at once, it's a continuous and constant commitment which you must be subjected to by improving yourself, also while going through this learning process, you have to have a clear understanding of those who are giving you orientation on investing on bitcoin, are they reliable?

Are they not after you investing on bitcoin through them, aren't they crypto influencers or exchanges, because for someone to have a delebrate interest in you investing through them, they most have gotten some hidden agenda, but if leaning how to independently invest on bitcoin is all you're in for, then it's a good idea to learn and invest today other to have what to smile on tomorrow.

[KingsDen]

You are still very early

I really said somthing of this nature when I was a newbie in this topic No late commer in Cryptocurrency. But on seeing this topic and having gained more knowledge. I can still maintain that there are no late commers in cryptocurrency but I will state that anyone joining now onwards are not very early. I mean the early bitcoin adopters are the earliest people are the early people.

[imamusma]

No matter how high or low the price of Bitcoin is, not everyone can afford to buy it.

Why not? Everyone can afford it if they want to buy it. Not only can you buy 1 bitcoin, but there's still a lot more units you can consider than just 1 bitcoin if you want do it. I mean, if you can't buy 1 bitcoin because you don't have big budget, then try to buy few mBTC or maybe a few sat. That makes sense instead of saying not everyone can afford it.

Based on current prices, 1 bitcoin = $27,428, while 1 mBTC = $27.42. In fact you can still buy half mBTC or maybe a quarter of it for $6.85. So don't say not everyone can afford it when the price of 1 mBTC is even lower than your electricity bill, vehicle tax or other monthly bill.

[dlightag]

That's through realistic, the early the better investing in Bitcoin, because the total supply is very small, compared when a nation officially accept payment as a means of payment in the country, which is going to be scarce and talk of the world, because Bitcoin price journey has not skyrocket, as few Bitcoin investors predicted.

[Kaliandra]

the total supply of btc is only 21000000, and with this limited btc supply, many people are interested in investing in btc because many predict that the price of btc in the future will be more expensive.

but in my opinion we should not force other people to invest in btc, because in this case it is each individual's right, so in my opinion let those who don't want to invest in btc, because we have no right to prohibit and regulate other people.

besides that we won't know for sure whether btc in the future the price will be high, or not.

but I personally am a btc investor who is still a beginner trying to think positively and I believe in investing
in btc will have the potential to get big profits on condition that you have to be strong for the long term.

[dezoel]

They obviously lack knowledge and research abilities, and talking sense to such people is near impossible since no matter how much you chant about something, they will still do what they want at the end and all that you say and do to make them understand a point is simply a waste of your own time and efforts, so it's better to leave such people alone and let them experience it themselves.

When Bitcoin was at $500 per unit, people used to think and say the same thing that they are late and they won't make any gains anymore, the same was the case when it reached $3k and then $10k, so there will basically always be such people out there, let them be.