Who says it's too late to buy Bitcoin?

[Wakate]

It’s not too late to buy bitcoin tho, you can buy any amount that you can afford at the moment because bitcoin is still going far. It’s not stopping anytime soon.

Of course Bitcoin is a continuous investment there is nothing like too late when it comes to Bitcoin investment, all you just need is to setup a good investment plan for future purposes. because Bitcoin is always good when plan very well and have a reserve fund aside from your Bitcoin investment so that Incase if any emergency comes out along the line would be able to settle it without touching your Bitcoin investment.

You are mixing up the meaning of a reserve funds and an emergency funds, the major differences is that a reserve funds is meant to be money set aside for a planned expenses  while an emergency funds is meant to take care of an unexpected event like car repairs and medical bills which can happen at anytime and they are both different from each other, while a reserve funds can go along way in maximizing buying opportunities if readily available, the emergency funds is there to cover unforseen circumstance that may lead to selling our Bitcoin to solve our unexpected expenses that may arise along the line of our accumulation journey.

Every investors and traders ought to have a reserve fund so in case of an need for that. Many people that called themselves traders and investors have lost money in the market and have not reserved fund to fall back to so they can keep trading or investing. Anyone can loss when investing which is why it's good to invest in projects that are trusted. Traders are the ones that are likely to fall to this kind of issues because they are opened to greed. We can make money in the crypto market and still lose depending on the kind of investors that we are and what we are investing in. There are some projects you might invest in that might not be profitable which is why it's good to have a backup funds when the need arrives.

[red4slash]

The focus in this thread is certainly on bitcoin so in the end why give a suggestion to buy other than bitcoin because in the end we certainly realize that bitcoin is the most worthy thing to buy.
The coins that you say even though they last a long time but in the end we have to realize what the progress and worth it is like so instead of being busy thinking about other shitcoins it would be better to focus all of us on bitcoin.

Indeed, in the end this is up to each but when we refer to the initial discussion then it is only natural that we become bitcoin as the main focus for what to look for other coins to invest in while bitcoin is very worth it for us to buy at this time so in the end the best advice is to buy bitcoin for now and it's never too late to invest in it.

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

I'm sorry but that doesn't apply to me at the moment, when I started I did on several occasions tend to buy several coins on shitcoin in the hope of course getting instant profits but in the end things like this also did not become an answer that made me learn from the mistakes made so instead of being busy thinking about shitcoin on the pretext of research or whatever it is, it would be better to focus on the long-term investments I made so that in the end the results of what I did were not in vain.

It does not mean to make it seem as if I am arrogant in looking at bitcoin but in the end a wise choice arises when we have felt the impact and currently I have felt the impact of the investment I made in bitcoin so why look for shitcoin if in the end there is bitcoin which is certainly more secure when compared to shitcoin.

[Proty]

Every investors and traders ought to have a reserve fund so in case of an need for that. Many people that called themselves traders and investors have lost money in the market and have not reserved fund to fall back to so they can keep trading or investing. Anyone can loss when investing which is why it's good to invest in projects that are trusted. Traders are the ones that are likely to fall to this kind of issues because they are opened to greed. We can make money in the crypto market and still lose depending on the kind of investors that we are and what we are investing in. There are some projects you might invest in that might not be profitable which is why it's good to have a backup funds when the need arrives.

I feel you don't really know the purpose of reserve funds, reserve funds is for planned expenses so talking about using it to cover up when you lose money during trading or investing in shitcoins is not it purpose because these are unexpected events and I think your emergency funds will have a major role to play here instead of your reserve funds. Saying that investors can lose money depending on kind  of investors sound to me that you are referring to traders as investors, but rather it should be depending on the kind of project the investor invested in like shitcoins.

[JayJuanGee]

It is too late to make 100X, I do believe this, but it is never ever too late to reduce your risk of inflation with normal currency, and increase your chances of making so much more value by saving in BTC.

Well it seems that BTC is around 1,000x or greater value than gold, yet bitcoin's market cap is ONLY around 1/9th the size of gold.  Gold could  come down too.

another thing is that the total addressable market of bitcoin is around 1 Quadrillion, yet  bitcoin only has a market cap of around $2 trillion... so there is a possible 500x, even without considering that total addressable market could go to higher numbers.

Sure, it could take 50 to 200 years for bitcoin to reach a kind of "full potential" and to become mature, yet there are still possibilities of shorter term upward moves... but yeah, 100x would be quite a bit, so we may well not be able to count on 100x in the short term.. not that we could have had (or should have had) counted on 100x... .. yet from here 100x is merely $10 million per coin, and I recall that Hal Finney had argued in 2009 or 2010 that bitcoin's addressable market could bring it to $10 milllion per coin... so 100x seems to have potential.

Don't get me wrong.  I had never gotten into bitcoin with high expectations of guaranteed returns, yet my beginning years in bitcoin, I had hoped that my bitcoin investment would average around 6% per year price appreciation, and largely my investment into bitcoin had ended up providing somewhere in the ballpark of 65% per year price appreciation, and that is way better than I had expected.

I have my own charts that project out bitcoin's 200-WMA, which I consider to be a much better way of measuring bitcoin's valuation in order to not get caught up on the volatility of spot price, since the 200-WMA measures the bottom price, and my current projections of the 200-WMA shows the 200-WMA crossing over $10 million in around 2067, which is ONLY around 42 years from now. .and yeah I consider my 200-WMA projection to be fairly conservative.  I do have an earlier and more conservative version showing the 200-WMA crossing over $10 million in 2073... but yeah, that is nearly 50 years from now.. but still considered a bottom price which would suggest that the spot price is likely tending to be higher than that.

Very very very good points, and I actually am in line with you there 100%. Gold I forgot to bring into the equation still can make new ATHs and there we see true life example of something with increasing demand yet scarcity issues.

The only thing with this as you say, is 50 to 200 years. I am only thinking in terms of max 40 years. According to my country, my life expectancy is 40 years more. So in this timeframe I don't expect 100x (that means $10 million BTC). Or rather, for me to enjoy 100x with good health I need this to happen in 20 years.

Which is not happening, in my honest opinion

It seems a bit unrealistic to proclaim  that you need 100x in the next 20 years or else, your life is not going to be good enough.

The fact of the matter is that we have to do what we can, and within our own limits there likely are ONLY so many things that we can do.  We have our starting points, and we have whatever might be our current situation in which we can work in terms of our earning potential in the event that we need to keep generating income to continue to buy bitcoin.

I am pretty sure that we have had some of these kinds of similar conversations in the past, slaman29, and I recall that previously you told me that you had made some mistakes, yet surely I cannot remember what they were.. to  the extent that they matter, yet I would think that you still have advantages over brand new people to bitcoin, since you have already been in  bitcoin for quite a while and so maybe you have not accumulated enough BTC, but if you continue to accumulate, you are advantaged by whatever BTC that you have already accumulated, and you are also advantaged by knowing that bitcoin is a good place to prioritize your value.

We do not have to hope for the end goal of bitcoin in order for bitcoin to still be amongst the best of investments currently available to us.

There are people who get anxious and  they sell BTC and hope to buy back cheaper.. which I personally consider to be almost completely retarded for anyone to be selling BTC if they already know that they are still in their BTC accumulation stage and they don't have enough BTC. I wonder how many BTC that you believe that you need?^**

**By the way, there is no need for you to tell me  how many BTC that you have or how many you need, since we can talk in hypotheticals.

If you have a potential investment timeline that is 15-20 years, then surely if you were to be persistent, consistent, regular and perhaps even aggressive in your BTC accumulation, then I cannot see why you would want to put your money any place else (except to potentially off set your bitcoin with cash or other kinds of ways that you might want to  balance out your BTC investment, especially once you start to get to a point that your BTC investment  might be several years of your expenses).

I have my own projections that BTC bottom prices (meaning the 200-WMA) is going to go over $1 million in 15 years, and so what more could you want?  Here is a recent post that I made on the topic:

I have not updated my fuck you status chart recently, but below is a supplement to a post that I did 3 weeks ago.  You  can see that my current presumptions of 10% withdrawal rate fuck you  status, the amounts to get into entry level fuck you status go below 1 BTC in 2038,  so surely the amount of BTC you need continues to go down, and at this point, I see no reason to change the various assumptions behind the future projections.

Date           SpotPrice         200 WMA   %gain/time   Spotvs200            gain/time                Coins/10%FU Status   Coins/4%FU Status   Filty-Rich

11/29/24           $95,662        $41,513        27.69%         130.44%               $6,325                   19.27107171                48.17767928               2,408.8840
5/31/25                                 $53,236         28.24%          102.00%               $11,723                 15.02741817                 37.56854542              1,878.4273
11/30/25                                 $68,570         28.80%         102.00%               $15,334                11.66687027                 29.16717568              1,458.3588
5/31/26                                 $76,113         11.00%                                     $7,543                       10.51069394                 26.27673485              1,313.8367
11/30/26                                 $84,067         10.45%          95.00%               $7,954                    9.51624621                 23.79061553              1,189.5308
5/31/27                                 $92,412         9.93%          95.00%                   $8,346                     8.65683856                 21.64209640              1,082.1048
11/30/27                                 $101,128         9.43%          95.00%               $8,716                     7.91076448                 19.77691119              988.8456
5/31/28                                 $116,297         15.00%                                   $15,169                         6.87892563                   17.19731408              859.8657

By the way, my number of to be necessary for BTC for the two entry-level fuck you statuses is presuming a bitcoin withdrawal rate of 10% at $800k for the first one (which is a $6,666 per month income) .. then $2 million and a traditional 4% withdrawal rate with the same $6,666 monthly income.. and then filthy rich would be a $100 million net worth.. of course each of these categories/statuses is pegged to the 200-WMA value and not to the spot price, where-ever that might be at the various snapshot times in the future.. I feel way more comfortable attempting to project 200-WMA rather than BTC spot price, even though there is a bit of an assumption regarding the rate that the 200-WMA moves up is based on BTC's spot price dragging it up at whatever rate I am presuming to be within reason for that time period.

Date           SpotPrice         200 WMA        %gain/time      Spotvs200             gain/time                Coins/10%FU Status      Coins/4%FU Status       Filty-Rich
5/31/35                              $478,906            6.32%            95.00%                  $28,457                      1.67047403                    4.17618506                 208.80925
11/30/35                              $507,648            6.00%            95.00%                  $28,742                      1.57589473                    3.93973683                 196.98684
5/30/36                              $558,413            10.00%                                           $50,765                      1.43263158                    3.58157894                 179.07895
11/29/36                              $615,371            10.20%            102.00%                  $56,958                      1.30002865                    3.25007163                 162.50358
5/30/37                              $679,394            10.40%            102.00%                  $64,023                      1.17751952                    2.94379880                 147.18994
11/29/37                              $751,492            10.61%            102.00%                  $72,098                      1.06454876                    2.66137189                 133.06859
5/31/38                              $796,582            6.00%                                           $45,090                      1.00429128                    2.51072820                 125.53641
11/29/38                              $841,987            5.70%            95.00%                  $45,405                      0.95013366                    2.37533415                 118.76671
5/31/39                              $887,580            5.42%            95.00%                  $45,594                      0.90132681                    2.25331703                 112.66585
11/29/39                              $933,240            5.14%            95.00%                  $45,659                      0.85722882                    2.14307205                 107.15360
5/30/40                              $1,007,899            8.00%                                           $74,659                      0.79373039                    1.98432597                 99.21630
11/29/40                              $1,090,143            8.16%            102.00%                  $82,245                      0.73384836                    1.83462091                 91.73105
5/30/41                              $1,180,878            8.32%            102.00%                  $90,735                      0.67746186                    1.69365464                 84.68273
11/29/41                              $1,281,131            8.49%            102.00%                  $100,253                      0.62444830                    1.56112074                 78.05604
5/30/42                              $1,345,187            5.00%                                           $64,057                      0.59471266                    1.48678166                 74.33908
11/29/42                              $1,409,084            4.75%            95.00%                  $63,896                      0.56774478                    1.41936196                 70.96810
5/31/43                              $1,472,669            4.51%            95.00%                  $63,585                      0.54323146                    1.35807866                 67.90393312

Sure the results are not guaranteed, but there is no reason to conclude that bitcoin's investment thesis is getting weaker, even if the upward price trajectory is likely not going to be as exponential as it had been historically...so my point is that even a with regular investing into bitcoin, the quantity of bitcoin that you need for your own fuck you status is become less and less and less.. so even though right now, from my own ways of calculating entry-level fuck you status at western levels, a person needs a minimum of 18.07 BTC, which is an $800k valuation using the 200-WMA, which would allow him to withdraw $6,666 per month of income.

You can see from the above chart, that by the middle of 2040, a guy would ONLY need 0.79373039 BTC in order to be at an equivalent status (I am  referring to in today's dollars meaning that the amount is adjusting and/or anticipating the debasement of the dollar). 

So my point is that if you are able to accumulate BTC that values at the 200-WMA at around 10x of your annual expenses, then you should be able to figure out a way to live perpetually off of that income level.. so you just have to figure out what your income level is and to manage your money in such a way that at some point, you are able to pull the fuck you lever and live off of your BTC, and you can even have it set up in a way that the BTC is likely growing faster than the rate that you are drawing from it.

We cannot be guaranteed about whatever rate the BTC is going up or not going up, yet we can still invest into bitcoin and to figure out at what point our various lines cross where we have enough BTC and even more than enough BTC to pull the fuck you lever, and I doubt that 100x is needed to accomplish that, even though you are proclaiming that it is necessary. 

In 10 years, you could invest into your bitcoin investment at a 10% to 20% of your annual income rate that would cause your contribution to become 1-2 years of your expenses, and if bitcoin had appreciated during that time, then you might have several more years of the equivalent of your expenses, and so maybe after 10 years investing into bitcoin, you might still need bitcoin to 5 x in order to get to your fuck you status level, and surely I consider those kinds of things to be possible, especially if you might  have had already been investing in bitcoin and building up your bitcoin stash over the past 8-ish years.   The main thing probably is to try to stay focused on bitcoin accumulation through ongoing, persistent and perhaps aggressive buying, and if you have been fucking around with trading and with shitcoins, then you need to get out of those dumbass and non-productive practices.   

Many of us longer term forum members should recognize and appreciate that bitcoin is the place to put our value, so we have to focus on keep doing it until we get to our BTC accumulation point and better yet if we exceed it by a bit to allow us additional comfort... and of course, we have to practice measures to secure and to not lose our coins.

[Ojima-ojo]

. It's best to invest your money in coins that have lasted a long time and have good fundamentals, such as Bitcoin, so that your money isn't wasted.

No new investor should think twice on any other coin apart from bitcoin because no matter how long that shitcoin have lasted in the market, it cannot grow in price compared to the growth of bitcoin. This is why I advise people not to think twice but invest in bitcoin because bitcoin future is very bright because it's still young and will grow more in value. Bitcoin has the potential to multiply your wealth in future but no one can say about shitcoins because they don't have good foundation and historical price movement that has created several ATH overtime.

All these years of existence,  bitcoin has been able to prove itself as the most valuable digital asset.  The value of bitcoin is very clear for new investors who want to invest to make their research to see the value of bitcoin.  Looking at the value of bitcoin it is enough to prove to people that it is worth investing than other coin. Bitcoin remains the most valuable coin and reliable to invest,  with these qualities of bitcoin it will be very risky if people should consider other coin rather than bitcoin to invest in. 

One thing we must agree with when it comes to bitcoin is that bitcoin has proven to be the best alternative to traditional systems and in terms of currency and assets bitcoin has made it easy to bypass all the unnecessary demands of the traditional financial system and economy.


When it comes to investments for long-term investment we need to put Bitcoin as our preferred choice to remain in a safer state, instead of risking our money on coins today whose long term potential can't be ascertained.

[Nothingtodo]

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

If you are considered other than Bitcoin, you can get a profit from that coin after a certain time after investing. But if you are holding a bitcoin, then you will benefit from that Bitcoin in the future. According to Bitcoin's popularity and acknowledgement, its value is gradually increasing in the future, which is reduced instead of increasing in other coins.

[ejikeme24]

The focus in this thread is certainly on bitcoin so in the end why give a suggestion to buy other than bitcoin because in the end we certainly realize that bitcoin is the most worthy thing to buy.
The coins that you say even though they last a long time but in the end we have to realize what the progress and worth it is like so instead of being busy thinking about other shitcoins it would be better to focus all of us on bitcoin.

Indeed, in the end this is up to each but when we refer to the initial discussion then it is only natural that we become bitcoin as the main focus for what to look for other coins to invest in while bitcoin is very worth it for us to buy at this time so in the end the best advice is to buy bitcoin for now and it's never too late to invest in it.

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

I'm sorry but that doesn't apply to me at the moment, when I started I did on several occasions tend to buy several coins on shitcoin in the hope of course getting instant profits but in the end things like this also did not become an answer that made me learn from the mistakes made so instead of being busy thinking about shitcoin on the pretext of research or whatever it is, it would be better to focus on the long-term investments I made so that in the end the results of what I did were not in vain.

It does not mean to make it seem as if I am arrogant in looking at bitcoin but in the end a wise choice arises when we have felt the impact and currently I have felt the impact of the investment I made in bitcoin so why look for shitcoin if in the end there is bitcoin which is certainly more secure when compared to shitcoin.

Of course is always like that, you know most people was not introduced into bitcoin when they first started this crypto journey, in some cases it might be that they first introduced them into shitcoin. At this point they will consider it being their best choice of investment, reason been that they are yet to know about bitcoin.

 So at this point they will be left with no option than to stick to investing in those shitcoin, but the moment they noticed that there is still a crypto currency named bitcoin" and also knowing about it's good potential in the future. And also knowing that bitcoin investment has a low level of risk than that of shitcoin investment, Of course they will switch to investing in bitcoin without giving it a second thought.

[Abiky]

Yes, that's the way of people with minimal knowledge about Bitcoin, they think all coins are the same, why buy expensive ones, many cheap coins are affordable. It could be that they are just fixated on or believe in influencers and trends that are being talked about by many people on certain coins and can reap big profits, it could be that these people get carried away with the fomo and buy these rubbish coins, with the illusion in their minds that having more coins gives them the potential for bigger profits.

It's best to throw away illusions like this, wanting to get rich in a short time, if your knowledge is still very minimal, even experienced people won't necessarily have the courage to buy these rubbish coins which have no fundamentals at all. It's best to invest your money in coins that have lasted a long time and have good fundamentals, such as Bitcoin, so that your money isn't wasted.

I think it's never too late to buy bitcoin, the current price for most people is quite expensive but not for me. By buying it regularly, of course we will get the average price of our investment and we will enjoy the results in the next 5 or 10 years. Not only that, Bitcoin can be an inheritance for your beloved children.

Bitcoin may look like "expensive", but in reality, it's not. You can buy fractions of a Bitcoin (satoshis) without "breaking the bank". Most people get into Bitcoin with the hopes of getting rich, though. Not because they believe in it. It's never late to buy some BTC, especially when prices are bound to increase over time. That's thanks to the way Bitcoin was designed (deflationary). So even if CBDCs rule the world in the future, you won't be missing all of the "fun" when it comes to investing in Bitcoin.

For those unaware, Bitcoin represents freedom. Owning any amount will allow you to "escape" from the "evil" clutches of central banks and governments alike. Just keep that in mind, and nothing should stand in your way.

[MusaPk]

Exactly what is happening in the crypto space, all these alts are like pure gamble that evolved every four years or say after the bitcoin halving has occurred and we are in the bull run, so some of the investors throw away few dollars on this shitcoins with the expectations that it will one day pump. I am not utterly saying they wouldn’t pump but it’s a 1/10 chance in all the coins you buy and that means when the remaining 9 options actually fail you lose almost Same amount you’re earning in the one portion that gets pumped.

Furthermore I am not against buying altcoins but never treat them as an asset or a diversification means to bitcoin investment. If you have invested into bitcoin and you’re looking to diversifying your portfolio simply look into other assets like precious metals, real estate or even agricultural commodities or stocks/bonds. Picking altcoins as diversification is simply leaving your money in one sector and picking a more risky asset. Altcoins can only pump when bitcoin pumps but they can die off without bitcoin falling so why invest in Altcoins when the better option is simply bitcoin

When you have best option available in the form of Bitcoin then why taking risk of investing in alts? I have some data available (see the below post) that tells the benefit of investing in bitcoin for long term. That's why I am saying that when you have a stable option available in the form of Bitcoin then why taking risk? No alts has the capability to give such a good return since no such data is available for any alt. Don't think that what bitcoin is giving will be given by any other alts, they just have short life.

Below is comparison of investing Lump Sum and DCA. If we start investing 126$ per week from Jan 24, 2018 to Jan 24, 2025 then after 7 seven years we have invested 46120$ and we have 3.39 Bitcoins in hand with ROI of +681.64%

On the other hand, investing 46.12k USD on 01/24/2018 would have given us 4.09 Bitcoin today with ROI of +841.57%
 

https://dcacryptocalculator.com/bitcoin

There is difference in profit and important thing to understand is that both strategies will give you profit in the long run. If you don't have huge capital even then you can get good profit by following DCA strategy.

 

[SuperBitMan]

Exactly what is happening in the crypto space, all these alts are like pure gamble that evolved every four years or say after the bitcoin halving has occurred and we are in the bull run, so some of the investors throw away few dollars on this shitcoins with the expectations that it will one day pump. I am not utterly saying they wouldn’t pump but it’s a 1/10 chance in all the coins you buy and that means when the remaining 9 options actually fail you lose almost Same amount you’re earning in the one portion that gets pumped.

Furthermore I am not against buying altcoins but never treat them as an asset or a diversification means to bitcoin investment. If you have invested into bitcoin and you’re looking to diversifying your portfolio simply look into other assets like precious metals, real estate or even agricultural commodities or stocks/bonds. Picking altcoins as diversification is simply leaving your money in one sector and picking a more risky asset. Altcoins can only pump when bitcoin pumps but they can die off without bitcoin falling so why invest in Altcoins when the better option is simply bitcoin

When you have best option available in the form of Bitcoin then why taking risk of investing in alts? I have some data available (see the below post) that tells the benefit of investing in bitcoin for long term. That's why I am saying that when you have a stable option available in the form of Bitcoin then why taking risk? No alts has the capability to give such a good return since no such data is available for any alt. Don't think that what bitcoin is giving will be given by any other alts, they just have short life.

Below is comparison of investing Lump Sum and DCA. If we start investing 126$ per week from Jan 24, 2018 to Jan 24, 2025 then after 7 seven years we have invested 46120$ and we have 3.39 Bitcoins in hand with ROI of +681.64%

On the other hand, investing 46.12k USD on 01/24/2018 would have given us 4.09 Bitcoin today with ROI of +841.57%
  

https://dcacryptocalculator.com/bitcoin

Bitcoin investment is a very good investment and has proven to be very trustworthy, if you check the history of Bitcoin growth you will know that Bitcoin has been so wonderful in it's growth and know Altcoin has that record in there growth, I know some set of people who rushed to invest in some Altcoin thinking they will have same potential growth like Bitcoin they ended up losing there money and where very disappointed, Bitcoin is very different from other coin and should not be compared or connected to them, Bitcoin investment has really proven to be the best coin in the world right now.
The reason why you see some set of people still investing in Altcoin is because they still believe a day will come when that Altcoin will start growing like Bitcoin so they keep accumulating and holding on to it, and also some set only trade Altcoin and I think if you are a very smart trader you can make money from it but it's actually very risky I know some set of traders who has made and lost huge amount of money in Altcoin trading, anyone who is accumulating and holding Altcoin for a long term should stop because it is very risky and you can wake up one morning and discover you have lost everything.

[Stormisover]

To me I don’t think it’s too late to buy bitcoin, simply because bitcoin is not yet at it ath yet. So someone can still buy an affordable bitcoin as it is.

ATH meaning all time high is a characteristics of the highest price points Bitcoin has achieved which is around $109k and it has nothing to do with your purchasing power since you can buy a fraction of it and not a whole Bitcoin making it much affordable especially with the idea and concept of DCA strategy that's is being talked about either weekly or monthly within your discretionary income. That is to say Bitcoin is still affordable to buy even at any given ATH because you are not buying the a whole Bitcoin, Bitcoin has already made several ATH But yet people are still buying.

[Humblevirus]

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

If you are considered other than Bitcoin, you can get a profit from that coin after a certain time after investing. But if you are holding a bitcoin, then you will benefit from that Bitcoin in the future. According to Bitcoin's popularity and acknowledgement, its value is gradually increasing in the future, which is reduced instead of increasing in other coins.

I may say that it is only a set of people that don't understand Bitcoin who will say that Bitcoin is so expensive and it is too late to buy now. Many people have been saying that for some years and refused to buy it from them, but now they are regretting it because Bitcoin has increased in price even more than their expectations. Those who bought it from them are now in profit. In fact, I will say that those set of people complaining that Bitcoin is expensive are the set of people looking for quick money in the crypto industry, and they are the set of people that do end up in scam projects because their aim making it quickly is higher and they never give themselves time to learn things about Bitcoin and other alternative coins. If not, in comparison, it is clear that Bitcoin is the best, and it can never be too late to buy Bitcoin.

[Olatundespo]

Exactly what is happening in the crypto space, all these alts are like pure gamble that evolved every four years or say after the bitcoin halving has occurred and we are in the bull run, so some of the investors throw away few dollars on this shitcoins with the expectations that it will one day pump. I am not utterly saying they wouldn’t pump but it’s a 1/10 chance in all the coins you buy and that means when the remaining 9 options actually fail you lose almost Same amount you’re earning in the one portion that gets pumped.

Furthermore I am not against buying altcoins but never treat them as an asset or a diversification means to bitcoin investment. If you have invested into bitcoin and you’re looking to diversifying your portfolio simply look into other assets like precious metals, real estate or even agricultural commodities or stocks/bonds. Picking altcoins as diversification is simply leaving your money in one sector and picking a more risky asset. Altcoins can only pump when bitcoin pumps but they can die off without bitcoin falling so why invest in Altcoins when the better option is simply bitcoin

When you have best option available in the form of Bitcoin then why taking risk of investing in alts? I have some data available (see the below post) that tells the benefit of investing in bitcoin for long term. That's why I am saying that when you have a stable option available in the form of Bitcoin then why taking risk? No alts has the capability to give such a good return since no such data is available for any alt. Don't think that what bitcoin is giving will be given by any other alts, they just have short life.

Below is comparison of investing Lump Sum and DCA. If we start investing 126$ per week from Jan 24, 2018 to Jan 24, 2025 then after 7 seven years we have invested 46120$ and we have 3.39 Bitcoins in hand with ROI of +681.64%

On the other hand, investing 46.12k USD on 01/24/2018 would have given us 4.09 Bitcoin today with ROI of +841.57%
  

https://dcacryptocalculator.com/bitcoin

Bitcoin investment is a very good investment and has proven to be very trustworthy, if you check the history of Bitcoin growth you will know that Bitcoin has been so wonderful in it's growth and know Altcoin has that record in there growth, I know some set of people who rushed to invest in some Altcoin thinking they will have same potential growth like Bitcoin they ended up losing there money and where very disappointed, Bitcoin is very different from other coin and should not be compared or connected to them, Bitcoin investment has really proven to be the best coin in the world right now.
The reason why you see some set of people still investing in Altcoin is because they still believe a day will come when that Altcoin will start growing like Bitcoin so they keep accumulating and holding on to it, and also some set only trade Altcoin and I think if you are a very smart trader you can make money from it but it's actually very risky I know some set of traders who has made and lost huge amount of money in Altcoin trading, anyone who is accumulating and holding Altcoin for a long term should stop because it is very risky and you can wake up one morning and discover you have lost everything.

You should keep yourself away from shitcoins as much as possible. You mentioned investors who consider shitcoins to be equivalent to Bitcoin but this is completely wrong. Bitcoin has become a store of value due to its limited supply. New investors are constantly holding Bitcoin as a reflection of their confidence in it. You should try to consolidate and save your investment from the amazing rise of Bitcoin. I myself know of some investors who continue to increase their investment and add fractions with the additional increase in the price of Bitcoin. The belief is that you will not be able to focus on buying shitcoins even if they show you the temptation of high profits. When investing your hard-earned capital, you should have a wonderful and best investment consideration. You will have to bear the risk of shitcoins in the long term and it will take you a long time to recover the financial loss. They really should stop those who have already put their money in a risky situation with shitcoins and they will soon regret their mistake. Where Bitcoin is the best and smartest investment all around the world.

[CageMabok]

...

If you are considered other than Bitcoin, you can get a profit from that coin after a certain time after investing. But if you are holding a bitcoin, then you will benefit from that Bitcoin in the future. According to Bitcoin's popularity and acknowledgement, its value is gradually increasing in the future, which is reduced instead of increasing in other coins.

Everyone who has made Bitcoin their ultimate goal to have in the long term, of course everything else they do will still lead to being able to get Bitcoin, either by buying it or by other things. Because when someone is able to use other coins in certain conditions to get profit which is then used again to buy Bitcoin, I think that is a pretty extraordinary way. Because he only uses other coins for a moment to be able to have a greater amount of Bitcoin in the long term, so it doesn't matter to use a strategy by ourselves as long as the ultimate goal is to be able to have a large amount of Bitcoin.

[slaman29]

It seems a bit unrealistic to proclaim  that you need 100x in the next 20 years or else, your life is not going to be good enough.

The fact of the matter is that we have to do what we can, and within our own limits there likely are ONLY so many things that we can do.  We have our starting points, and we have whatever might be our current situation in which we can work in terms of our earning potential in the event that we need to keep generating income to continue to buy bitcoin.

I am pretty sure that we have had some of these kinds of similar conversations in the past, slaman29, and I recall that previously you told me that you had made some mistakes, yet surely I cannot remember what they were.. to  the extent that they matter, yet I would think that you still have advantages over brand new people to bitcoin, since you have already been in  bitcoin for quite a while and so maybe you have not accumulated enough BTC, but if you continue to accumulate, you are advantaged by whatever BTC that you have already accumulated, and you are also advantaged by knowing that bitcoin is a good place to prioritize your value.

<>

It was only for me and my personal situation I am actually very surprised you remembered our past conversations, almost feel honored that way. But I think I need to clarify a little more what I mean by what I said about 100x in 20 years. Just because of two main things:
1. I have a big financial debt from an old failed business (I loaned a lot of money before my days of BTC and the debt repayment is very very long). It is something dark that sits on me for a long time, I am not even allowed to travel because of it.
2. The amount of BTC I have is not much, because on certain periods I sell and use it to help reduce the debt I owe.

I did not mean to sound negative at all. I actually have so much to thank Bitcoin for.

If not for me making the DCA work in Bitcoin for past few years, the debt would have been even bigger and even longer. I managed to reduce almost 5 years of the debt repayment already (and take a chunk of interest out), as I made more payments with BTC. For me actually the main problem is, should I hodl longer to pay bigger? Or sell to reduce interest and term. I chose to do 2nd option every time around ATH. So that was in 2017 and 2021 and last year (I missed the actual ATH but very close!!) Just because I never know what can happen and its always nice to see a few months shaved off my end date repayment everytime I do this

So yes, my old mistakes make me pay, but like you said, Bitcoin gave me the advantage in a big way that I continue to DCA. And I always urge people to do the same when it comes to BTC. It just doesn't make sense to save money and see the interest of the debt still bigger than the interest of savings.

So in summary DCA Bitcoin wins hands down, it is never too late, but the biggest wins feel for me past already (a small sad note but not a negative one for sure!!).

[obuoma]

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

If you are considered other than Bitcoin, you can get a profit from that coin after a certain time after investing. But if you are holding a bitcoin, then you will benefit from that Bitcoin in the future. According to Bitcoin's popularity and acknowledgement, its value is gradually increasing in the future, which is reduced instead of increasing in other coins.

Sometimes looking for another coin to buy and make profit so that it will help you to accumulate more bitcoin is not really a good ideas to me. What of if you end up making loss of course this will  bring setback  on your bitcoin accumulation. I will say that if you already have the fund just focus on bitcoin and accumulate the little you can accumulate. If you are accumulating consistently either by using DCA method with time you will achieve your target.

[MainIbem]

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

If you are considered other than Bitcoin, you can get a profit from that coin after a certain time after investing. But if you are holding a bitcoin, then you will benefit from that Bitcoin in the future. According to Bitcoin's popularity and acknowledgement, its value is gradually increasing in the future, which is reduced instead of increasing in other coins.

Sometimes looking for another coin to buy and make profit so that it will help you to accumulate more bitcoin is not really a good ideas to me. What of if you end up making loss of course this will  bring setback  on your bitcoin accumulation. I will say that if you already have the fund just focus on bitcoin and accumulate the little you can accumulate. If you are accumulating consistently either by using DCA method with time you will achieve your target.

Makes lots of sense, diversifying at the early stages of an investors journey is not a good idea, that money used to channel into other digital currency for more profits should be invested into Bitcoin rather, the risk of investing into other coin especially shitcoins is very high so an investors target should be building their portfolio and accumulating much Bitcoins as possible without using the wrong process to boost their portfolio, that's why there's the DCA but some people overlook that method, if only they know how effective it is towards building one's portfolio then they won't consider diversifying into other digital currencies or trading to get more capital to use in accumulating Bitcoin. Someone can only choose to diversify into other digital currencies if they've  accumulated enough Bitcoin othertime and feel the need to try out others but it's not advisable and should be done with caution, the last thing an investor would want to do is convert their Bitcoin to shit cause the particular shitcoin is experiencing a surge, you can use a spare cash for that but not the Bitcoin in your portfolio.

[Frankolala]

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

If you are considered other than Bitcoin, you can get a profit from that coin after a certain time after investing. But if you are holding a bitcoin, then you will benefit from that Bitcoin in the future. According to Bitcoin's popularity and acknowledgement, its value is gradually increasing in the future, which is reduced instead of increasing in other coins.

Sometimes looking for another coin to buy and make profit so that it will help you to accumulate more bitcoin is not really a good ideas to me. What of if you end up making loss of course this will  bring setback  on your bitcoin accumulation. I will say that if you already have the fund just focus on bitcoin and accumulate the little you can accumulate. If you are accumulating consistently either by using DCA method with time you will achieve your target.

This is the mistake a lot of newbies make. Buying shitcoins and trading to increase their bitcoin stash with the profits but it ends up the opposite. Such practices will distract you and before you know it, you will be patronizing a lot of shitcoins with the wrong mindset that you will be profitable. No need of buying original and fake, rather focus only on buying bitcoin and grow your portfolio into a greater height. Trading is a wrong practice for anyone to use in increasing his bitcoin stash.

[JayJuanGee]

To me I don’t think it’s too late to buy bitcoin, simply because bitcoin is not yet at it ath yet. So someone can still buy an affordable bitcoin as it is.

ATH meaning all time high is a characteristics of the highest price points Bitcoin has achieved which is around $109k and it has nothing to do with your purchasing power since you can buy a fraction of it and not a whole Bitcoin making it much affordable especially with the idea and concept of DCA strategy that's is being talked about either weekly or monthly within your discretionary income. That is to say Bitcoin is still affordable to buy even at any given ATH because you are not buying the a whole Bitcoin, Bitcoin has already made several ATH But yet people are still buying.

If we are new to bitcoin and we are planning to invest into bitcoin rather than trying to trade it, then it can take us a decently long time to build up our  bitcoin position, which also depends on the newbies financial situation and his personal factors. 

An overwhelming majority of normies are not necessarily in a position to lump sum into their bitcoin position or to front load it, and surely there can be some benefits in regards to front loading and/or lump  summing into bitcoin, yet even those strategies are probably not as good as someone who is also able to supplement his building of his BTC position with ongoing  buying, through 4-10 years or more, depending on his finances.

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

If you are considered other than Bitcoin, you can get a profit from that coin after a certain time after investing. But if you are holding a bitcoin, then you will benefit from that Bitcoin in the future. According to Bitcoin's popularity and acknowledgement, its value is gradually increasing in the future, which is reduced instead of increasing in other coins.

I may say that it is only a set of people that don't understand Bitcoin who will say that Bitcoin is so expensive and it is too late to buy now. Many people have been saying that for some years and refused to buy it from them, but now they are regretting it because Bitcoin has increased in price even more than their expectations. Those who bought it from them are now in profit. In fact, I will say that those set of people complaining that Bitcoin is expensive are the set of people looking for quick money in the crypto industry, and they are the set of people that do end up in scam projects because their aim making it quickly is higher and they never give themselves time to learn things about Bitcoin and other alternative coins. If not, in comparison, it is clear that Bitcoin is the best, and it can never be too late to buy Bitcoin.

Sure there is some comfort to having our bitcoin holdings in "profits," yet bitcoin is such a great investment that there has tended to be a lot of advantage to both holding bitcoin and continuing to buy bitcoin, through a whole cycle or more, then perhaps after a cycle and a half or more, the compounding effects of bitcoin's value may become even more noticeable.  sure there are no guarantees that bitcoin will continue to be profitable, even though currently it appears that bitcoin is amongst the best of places for many people to put value, if not the best place... especially if they are able to invest and they have some discretionary income to be able to invest 4-10 years or longer.

It seems a bit unrealistic to proclaim  that you need 100x in the next 20 years or else, your life is not going to be good enough.

The fact of the matter is that we have to do what we can, and within our own limits there likely are ONLY so many things that we can do.  We have our starting points, and we have whatever might be our current situation in which we can work in terms of our earning potential in the event that we need to keep generating income to continue to buy bitcoin.

I am pretty sure that we have had some of these kinds of similar conversations in the past, slaman29, and I recall that previously you told me that you had made some mistakes, yet surely I cannot remember what they were.. to  the extent that they matter, yet I would think that you still have advantages over brand new people to bitcoin, since you have already been in  bitcoin for quite a while and so maybe you have not accumulated enough BTC, but if you continue to accumulate, you are advantaged by whatever BTC that you have already accumulated, and you are also advantaged by knowing that bitcoin is a good place to prioritize your value.
<>

It was only for me and my personal situation I am actually very surprised you remembered our past conversations, almost feel honored that way. But I think I need to clarify a little more what I mean by what I said about 100x in 20 years. Just because of two main things:
1. I have a big financial debt from an old failed business (I loaned a lot of money before my days of BTC and the debt repayment is very very long). It is something dark that sits on me for a long time, I am not even allowed to travel because of it.
2. The amount of BTC I have is not much, because on certain periods I sell and use it to help reduce the debt I owe.

Of course debt can eat away at your finances and your psychology, so I would not want to denigrate the situation that you find yourself in, and sure there can be a lot of extra challenges to reducing debts, and to invest into something like bitcoin at the same time. 

If you figure out and find bitcoin to be amongst the best places, if not the best place to put value, then you likely should want to continue to build your bitcoin position, even if you are simultaneously trying to service your debt.  Of course, I cannot tell you how to  do this, and you have to figure out your own balances, even though I also have mentioned that I consider it a bad idea to sell any of your bitcoin while you are still building it in order to attempt to  get it to a size that might put you at your own  personal fuck you level down the road within  some timeline that you might be able to use it to also finalize the paying off of your debt.. so yeah, there can be some tough decisions and/or trade-offs when we are burdened by what we consider to be oppressive and ongoing debt.

I did not mean to sound negative at all. I actually have so much to thank Bitcoin for.

If not for me making the DCA work in Bitcoin for past few years, the debt would have been even bigger and even longer. I managed to reduce almost 5 years of the debt repayment already (and take a chunk of interest out), as I made more payments with BTC. For me actually the main problem is, should I hodl longer to pay bigger? Or sell to reduce interest and term. I chose to do 2nd option every time around ATH. So that was in 2017 and 2021 and last year (I missed the actual ATH but very close!!) Just because I never know what can happen and its always nice to see a few months shaved off my end date repayment everytime I do this

For sure, it is not easy to time bitcoin tops.. and many times guys end up selling too much too soon.. and if you come to the conclusion that you are better off to shave off some of your BTC,  then surely you are in a better position to figure out those balances, and you might never really be able to come up with a perfect strategy since you might already be engaging in various efforts to increase your income and to reduce your expenses, so that you can make sure that you are making big dents into your debt payments and perhaps building your bitcoin investment too..... .. but yeah, as I already mentioned, it seems that it can be quite challenging to both sell bitcoin and to buy bitcoin at the same time, yet if you figure out some way of balancing that, then you might still be able to make progress in meeting your various goals and perhaps to get your debt down to levels that are more bearable. 

By the way, there are some kinds of debt that are more oppressive than others, and if your interest rate on your debt it less than 8% per year, then it may well be better to prioritize investing into bitcoin rather than reducing the debt - yet sure the debt could have some other costs (perhaps?).. and so if the debt is higher levels then there may well be some value in prioritizing the reduction of the debt over buying bitcoin, yet it still seems problematic to me to be trying to play BTC price waves, even though you seem to have some ideas about how you are trying to play bitcoin's price waves that you perceive to be helping you, but you probably will have had noticed that your sales of your BTC might not have had been as good as just letting your BTC ride (rather than sell it) even if you had encountered some success in playing the 2017 price wave and even the 2021 price wave.. and your mentioning of being able to catch the ATH from last year seems a bit strange since the ATH from last year was not very much different from 2021, and surely anyone who sold some BTC last year should be regretting such sales since the price is more than 50% higher this year.

So yes, my old mistakes make me pay, but like you said, Bitcoin gave me the advantage in a big way that I continue to DCA. And I always urge people to do the same when it comes to BTC. It just doesn't make sense to save money and see the interest of the debt still bigger than the interest of savings.

Of course, putting money into bitcoin is going to have higher returns than putting it into fiat, but your own dilemma seems to relate moreso to the interest rate for you to service your debt as compared to the value of putting the value into bitcoin.. .. and since your debt is already existent, you specifically know its terms, surely there is value to pay higher interest debts off faster than lower interest debts, but the mere fact that the debt is BIG might not be enough of a reason to prioritize the paying off of the debt over the investing into bitcoin.  For example, I had entered into a contract about 3 and a half years ago, and it involved some debt, and my original intention was that I was going to pay off the debt in a fairly quick way, but then after all of the paperwork and various kinds of ironing out of the processes, I changed my mind, since the debt was ONLY 3% per year, so I decided to just let the debt ride and to pay the minimum amounts on the debt to stay in good standing.  I had done the same with some debts that were 6% or higher, and sure sometimes the servicing of various debts might become a bit much, so we might want to reduce the principle, but it is not always justifiable to reduce fixed rate debts when they are not particularly high, so for example less than 8% per year.   I am not saying that the answer is absolutely clear, because there is discretion involved which means that people are going to weigh the trade-offs differently and make their choices based on their personal preferences, even though the amount of the interest rate can surely help to figure out how to balance and how to prioritize.

So in summary DCA Bitcoin wins hands down, it is never too late, but the biggest wins feel for me past already (a small sad note but not a negative one for sure!!).

Of course, if you are measuring bitcoin in terms of trading in and out of it to extract dollars, then there likely was greater bitcoin price moves in the past as compared with the future, yet bitcoin still seems to be amongst the best, if not the best, place to put value.  I am not sure where you would consider better places to put value.  So in that sense, the strength of bitcoin's investment thesis seems to be getting stronger with the passage of time, rather than weaker, even if there might not be as much upside potential in its price as compared with earlier, but if we still adjust for risk, bitcoin's investment thesis does not seem to be getting any weaker...so I am not sure what purpose comes from looking at how great past returns were. .since we cannot go back to the past anyhow.. We can ONLY go from the present and look at what options we have from here on into the future, and bitcoin seems to be the best game in town, especially if adjusting for risk.    Yet, sure, we do not need to agree, and each of us is entitled to our own opinion in regards to whether to allocate and if so how much to allocate into bitcoin as compared with other places that we could allocate value (and in your case, one of your competing allocation locations is the servicing of debt).

[Churchillvv]

To me I don’t think it’s too late to buy bitcoin, simply because bitcoin is not yet at it ath yet. So someone can still buy an affordable bitcoin as it is.

ATH meaning all time high is a characteristics of the highest price points Bitcoin has achieved which is around $109k and it has nothing to do with your purchasing power since you can buy a fraction of it and not a whole Bitcoin making it much affordable especially with the idea and concept of DCA strategy that's is being talked about either weekly or monthly within your discretionary income. That is to say Bitcoin is still affordable to buy even at any given ATH because you are not buying the a whole Bitcoin, Bitcoin has already made several ATH But yet people are still buying.

If we are new to bitcoin and we are planning to invest into bitcoin rather than trying to trade it, then it can take us a decently long time to build up our  bitcoin position, which also depends on the newbies financial situation and his personal factors. 

An overwhelming majority of normies are not necessarily in a position to lump sum into their bitcoin position or to front load it, and surely there can be some benefits in regards to front loading and/or lump  summing into bitcoin, yet even those strategies are probably not as good as someone who is also able to supplement his building of his BTC position with ongoing  buying, through 4-10 years or more, depending on his finances.

Even though we might have guys who would prefer to front their bitcoin however it seems to me that probably few or little to none of us here might be able to front our bitcoin portfolio, most of the guys here are more of DCA folks including me and probably you too JJG i guess.

personally i love idea of front loading as it surely will reduce the stress of buying every now and then but again the capacity to purchase a bigger fraction of bitcoin is even more difficult but when guys buy consistently with their discretionary income it leaves them with little or no stress and even achieve buying at a cheaper price when bitcoin dips even its vice versa.