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I report crypto news and write gambling articles
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July 28, 2024, 01:41:42 PM |
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For me in practice, I hardly have made any serious gains from Bitcoin, Yeah, apart from using it as a payment medium for jobs I do for clients. Are there other ways people like us who are late adopters benefit from Bitcoin?
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What do Elon Musk and Satoshi Nakamoto have in common?
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_act_
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Lightning network is good with small amount of BTC
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July 28, 2024, 01:53:21 PM |
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Bitcoin marketcap has already increased. Do not expect bitcoin will continue to increase so much in price like it was in the past. The volatility in bitcoin price is reducing which makes bitcoin becoming a safe asset people can invest on. If you want high ROI, go for altcoins like meme coins. But know that you may lose your money as you want huge ROI, but it is possible that you can make money. Bitcoin is safer and better but the profit may not be that much.
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sunsilk
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July 28, 2024, 03:06:27 PM |
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Are there other ways people like us who are late adopters benefit from Bitcoin?
If it is with investing, they're still too early if they have plans of staying here for a very long period of time. They can think that they're just like us, the quite early adopters and there is more to them to wait for Bitcoin. While I see that many are discouraged upon looking at its price, you'd see how irrelevant this concern is in the long run. Time is the enemy of most of the investors that are skeptic that they're too late on the game already. They'd always think that they're too late when they don't do it right now and wait furthermore.
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Marvelockg
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July 28, 2024, 03:33:48 PM |
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For me in practice, I hardly have made any serious gains from Bitcoin, Yeah, apart from using it as a payment medium for jobs I do for clients.
Bitcoin was built primarily on the premise of providing ease with transactions and it's not everyone that owns Bitcoin that looks at it as necessarily an investible asset. It's basically a medium through which you can effectively carry out your transaction while having full control of your Bitcoin and we have to balance that out so we don't get too caught to expect quick benefit from every amount of Bitcoin we lay hold on. Are there other ways people like us who are late adopters benefit from Bitcoin?
using Bitcoin has a lot of advantages and benefit to users ranging from what you're currently using it for which is accepting of payment from client, another feasible way of using or benefitting from Bitcoin is through HODling it. I know that most of those that joined at this range of time might think they're already late and somehow, it's possible that the kind of profit earlier Bitcoin investors had isn't possible to get at this moment but it's necessary to note that it took a good amount of time before they saw the profit from thier earlier investment and some others couldn't even hold on long enough and sold too early and in the process missing out when they should have had the best benefit from Thier Bitcoin. somehow, I don't think those of us at this moment are late bitcon adoptors, a lot countries are still at the point of adopting Bitcoin as her primary reserve and we know what effect it will have on Bitcoin price when some of them do so and so it's just best to keep HODling it if you're already buying. The good thing is that even if Bitcoin don't get to the amount most people are speculating, it's certain that it won't go down to the point where you will be at loss so now is not late at all.
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Ruttoshi
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July 28, 2024, 03:42:16 PM |
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For me in practice, I hardly have made any serious gains from Bitcoin, Yeah, apart from using it as a payment medium for jobs I do for clients. Are there other ways people like us who are late adopters benefit from Bitcoin?
You are not late to bitcoin if you take the opportunity that you have now to start investing in bitcoin using DCA strategy to buy bitcoin every week or month and hodli for a very long time maybe 4-10 years and above. If you can invest right away with part of your disposable income and buy bitcoin always, you will be surprised at the size of your bitcoin portfolio in 4 years time. The price of bitcoin is increasing overtime and that will give you opportunity to make profit from your bitcoin investment as you hodli. You are still new to bitcoin because a lot of people are still ignorant to invest and some early adopters couldn't hodli for long and have sold their bitcoin.
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dansus021
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July 28, 2024, 03:58:15 PM |
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Are There Ways Late Adopters Like Us Can Benefit from Bitcoin? Are you late the simple answer is yes but It doesn't mean you can achieve more in this industry you might can earn more than me or other people here and still make decent profit from bitcoin.
Right now Bitcoin already touch 67K which is high but if you look Bitcoin ETF big companies like BlackRock is buying more and I believe bitcoin still have plenty room to grow than 70K but of course all of this just based on my opinion you need to do your own research. But if you want triple digit apy invest in altcoin haha
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pooya87
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July 28, 2024, 04:02:09 PM |
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Yes. You acquire some bitcoin and reach financial sovereignty. The more of your finances are done using this decentralized money the more sovereignty you'll have! For me in practice, I hardly have made any serious gains from Bitcoin,
Well bitcoin wasn't created for people to make "gains" but since Bitcoin is money it is a store of value and also since it is in its adoption phase it has a lot of potential to gain more value in the long run. The key point is the "long run" which means in 5 years bitcoin could be worth a million dollars but the next two it could dump more!
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FatFork
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July 28, 2024, 04:02:43 PM |
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I bet most of us here have felt the same way at some point. The way I see it, Bitcoin's still pretty new to most people. We're just starting to get regular folks and businesses involved. So there's tons of room for the whole thing to grow. Yeah, turning a few bucks into a fortune might be harder now. But that dont mean there ain't money to make. Maybe Bitcoin works better as a hedge against inflation these days and point is, don't let the past discourage you. Bitcoin's got a long road ahead still full of surprises.
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Pokapoka124
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July 28, 2024, 04:05:18 PM |
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YES! It is never too late to own some bitcoins. The best thing you can do right now is to accumulate more bitcoins using DCA strategy and hodl for long term. Bitcoin is not a get-rich-quick scheme, hodling for long term or day trading is the way to gain profits from bitcoin. Although trading will require you to have an in-depth understanding of how the markets works and moves. Without sufficient knowledge, you will gambling your money all in the name of crypto trading.
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Die_empty
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For me in practice, I hardly have made any serious gains from Bitcoin, Yeah, apart from using it as a payment medium for jobs I do for clients. Are there other ways people like us who are late adopters benefit from Bitcoin?
You have not made any gains from Bitcoin because you have not held it for a long time. People who bought Bitcoin two years ago and kept it to date would have made some profit. So next time, when you are paid in Bitcoin, don't convert it to fiat. Consider keeping these payments in a good wallet for a long time. I don't also see people who are investing in Bitcoin currently as late investors. Bitcoin still has the potential to increase in price in the future. I predict that those who buy and keep Bitcoin recently will be called early investors in the future. Don't always consider the opportunity you have lost; seek means to take advantage of the available ones.
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Mate2237
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July 28, 2024, 04:48:14 PM |
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I don't know which country you are from because this the first time I am hearing that someone is using bitcoin to payment method only without investment and that means your country is legally accepted bitcoin as a payment method because if not you cannot use bitcoin to pay people that are working under you and I also don't think that you can use it to receive any jobs you do.
Op you have to k ow that bitcoin has not particular time of entry and whatever time you come in and invest there are benefits to gain. But patient with long term investment is the key to see a good benefit.
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serjent05
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July 28, 2024, 04:55:52 PM |
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For me in practice, I hardly have made any serious gains from Bitcoin, Yeah, apart from using it as a payment medium for jobs I do for clients. Are there other ways people like us who are late adopters benefit from Bitcoin?
When engaging in Bitcoin investment, quick gain should be set aside. If you want to make a huge gain on Bitcoin, you need a lot of patience because you have to wait for the market to pass several 4 year cycles. Historically, Bitcoin can record new all-time highs several months after the block reward halves and that happens every 4 years. If you are into business, aside from getting the interest of many customers that pay in BTC you have to need much patience to make your investment increase for several folds. With the Bitcoin block halving and the event that follows that, I think patience is the key to maximizing the benefit from Bitcoin regardless if they are early or late adopters.
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Zoomic
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July 28, 2024, 05:14:27 PM |
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Some of the early adopters of bitcoin didn't even gain much from Bitcoin too. If they had known that bitcoin would grow to the level it is now, they wouldn't have sold their bitcoins when they did. This means patience and commitment are neccessary if you want to earn. @OP, your ability to get good returns depends on your willingness to wait for your investment to grow. No time is too late to invest in bitcoin, all that matters is the strategy you put in place and your ability to be patient. Bitcoin price Is still growing and there are still a lot to expect from bitcoin. Those who are still thinking they are late already to invest will come back in few years with regrets. I don't know which country you are from because this the first time I am hearing that someone is using bitcoin to payment method only without investment and that means your country is legally accepted bitcoin as a payment method because if not you cannot use bitcoin to pay people
This should not be surprising to you. The original aim of bitcoin was not to serve as an investment, but as a means of payment. People actually do make payments with bitcoins as long as the recipient accepts it. Majority of bitcoin adopters live in countries were bitcoin is not recognised, yet likeminds share bitcoin privately without the consent of the government. That is the power of the internet and decentralization.
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SatoPrincess
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July 28, 2024, 06:36:48 PM |
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I don't know which country you are from because this the first time I am hearing that someone is using bitcoin to payment method only without investment and that means your country is legally accepted bitcoin as a payment method because if not you cannot use bitcoin to pay people that are working under you and I also don't think that you can use it to receive any jobs you do.
Ever heard of Upwork? There are lots of sites where you can get online jobs and work remotely. You can negotiate to be paid in bitcoins for your work. Not everyone will accept but some will. Business accepting bitcoin as payment shouldn’t be surprising anymore. There used to be a time where people posted about their personal business accepting bitcoin payments.
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Stalker22
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July 28, 2024, 07:22:41 PM |
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If you are wondering about Bitcoin now, you likely missed out on the crazy early profits. Cant deny that the big money was made years back. But dont write it off yet! Folks put their cash in all sorts of places - stocks, property, companies - so why not Bitcoin too? Sure its a rollercoaster sometimes, but its not going nowhere. Still growing and evolving every day. Maybe not a quick flip, but if you can stand the ups and downs, it could pay off down the road. Or crash completely... ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) But hey, investing aint for the faint of heart! You miss every shot you dont take, right?
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Huppercase
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July 28, 2024, 07:26:23 PM |
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For me in practice, I hardly have made any serious gains from Bitcoin, Yeah, apart from using it as a payment medium for jobs I do for clients. Are there other ways people like us who are late adopters benefit from Bitcoin?
Bitcoin is now expensive, you need money to get a large junk of it. However, there are other ways you can benefit from Bitcoin and they are below: Run a node: The benefits of running a node is not financial but it's equipped with privacy enhancement. You can run a Bitcoin node and use it own your discretion, your rules your way and doesn't have to depend on other nodes to propagate your transaction to the Bitcoin network. Run a lightening Network: You can run a Bitcoin lightening Node, the benefits that comes with this is that you can earn some sats when you rout a transaction for people that uses the Lightening Network. It's a bitcoin later two where transaction are cheaper and faster. If you have the resource, you can make hundreds of sats daily depending on how many transactions you route through your channel for that day. Lastky, if you have the capacity to buy and hold, you never can tell how much this will go later in the future but you must be a diamond holder of Bitcoin else you will sell it later when something comes up.
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Etranger
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July 28, 2024, 07:35:49 PM |
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YES! It is never too late to own some bitcoins. The best thing you can do right now is to accumulate more bitcoins using DCA strategy and hodl for long term. Bitcoin is not a get-rich-quick scheme, hodling for long term or day trading is the way to gain profits from bitcoin. Although trading will require you to have an in-depth understanding of how the markets works and moves. Without sufficient knowledge, you will gambling your money all in the name of crypto trading.
I agree. If you think that it is already too late, than most likely you won't have enough motivation to invest in bitcoin. But we can never know what price it will reach in a few years. And in order not to regret it later as much as you regret it now, it is better to invest. After all, by doing so you do not limit your opportunities with your own inaction.
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BitMaxz
Legendary
Offline
Activity: 3374
Merit: 3094
BTC price road to $80k
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July 28, 2024, 11:10:18 PM |
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I don't see any reason why you said you are late in Bitcoin but if you mean benefits in Bitcoin the only way to get benefits in Bitcoin is too keep investing in Bitcoin and hold it for the long term. Today is not a good price to buy Bitcoin but if there's an opportunity to buy again at a pretty cheap price of around $60k below you can buy again and hold it for the long term. Or I think you better learn how to trade if you want to get benefits from Bitcoin you can trade on some P2P exchange since the profit on P2P is higher than just trading on a spot exchange. If you are interested in learning trading then I suggest you check this " Awesome Crypto trading"
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SatoPrincess
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July 28, 2024, 11:28:17 PM |
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How much have you invested in Bitcoin that you are expecting “serious gains”. If you own a whole Bitcoin, then you would see the gains when Bitcoin's price increases but those gains are not so much when you only own fractions of bitcoin. Don’t expect to see as much profits from bitcoins as you might get from altcoins. Investing in altcoins is like gambling, you can lose your money as quick as you can make it.
A lot of people have this regret that they missed out on buying bitcoin earlier on. I usually ask, if you bought bitcoin in 2010 would you still be hodling your coins or would you have sold them at any of the ATH. In ten years, many will be asking this question you’re asking now….wishing they had bought bitcoins in 2024.
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acroman08
Legendary
Offline
Activity: 2450
Merit: 1104
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July 28, 2024, 11:53:19 PM |
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For me in practice, I hardly have made any serious gains from Bitcoin, Yeah, apart from using it as a payment medium for jobs I do for clients. Are there other ways people like us who are late adopters benefit from Bitcoin?
you can do buy low, sell high or you can also just do HODL!. bitcoin is not a "quick bucks" scheme so don't expect to make "serious gains" from it unless you invested serious amounts. also, bitcoin is supposed to be a payment medium, so I guess it's great that you are using it that way.
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