Is Buying Bitcoin Today Worth It—or Are We Too Late?

[sana54210]

Questions like this have been around for a long time, thinking that buying Bitcoin is too late even when the price is only hundreds of dollars and it turns out that it is still worth it and not too late, we will know whether buying Bitcoin now is still worth it and not too late after a few years have passed because no one will know what will happen to Bitcoin in the years to come.

I agree that the future is unpredictable and anything can happen. But in my opinion, based on history and what Bitcoin has achieved so far. Clearly, the scenario of Bitcoin disappearing or losing value is unrealistic. Therefore, buying Bitcoin right now is a wise decision and there is nothing to worry about.

However, its necessary to be realistic that the era of getting rich quick with bitcoin is over. We should not expect to make percentage profits and become millionaires like early investors.

Yes, bitcoin will not crash "that" much, sure there is a bear market right now and we will see the price fall but we are not going not going to see it crash to nearly nothing. I understand that it is not going to be easy but at the end of the day we are going to see it become an issue for the long term.

I think the nicest thing about crypto is that it always recovers, specially bitcoin because some shitcoins may not. When bitcoin crashes down like this, you just need to wait until it hits the bottom, I think it has not reached the bottom yet, but when it does, you end up waiting and then it will recover and break into a new all time high. So in a few years we are going to see a new all time high, we just need to wait.

[Royal Cap]

That's right. And for those who are not ready for the long term and are only ready for the medium term, buying in a bear market and selling in a bull market during each Bitcoin halving period, it would indeed be better to wait for Bitcoin to return to a bear market and make the price much cheaper than it is now. Because usually, BTC corrects quite deeply in a bear market. So we can start accumulating from there. However, for the long term, DCA from now on is also fine. As long as you use cold money that is indeed ready for the long term.

In fact many people think that waiting for a bear market is the best way to get an entry but the problem is that that perfect dip often doesn't come or we keep waiting. This leads to missed opportunities. So instead of just thinking about cheap prices, the time spent in the market is also important. And even if you look at the mid term and long term separately, discipline is the real thing in the end. Some people can buy in the bear market and sell it bullishly, while others do DCA and hold for years, I think which one will make more profit depends not only on the price but also on your patience and following your plan. The most important thing is to use money that you won't have emotional pressure with.

[YOSHIE]

Is Buying Bitcoin Today Worth It—or Are We Too Late?

If you compare the current price and the previous price, yes we can see that.
But if you go back to gold, it used to be trading at $10/gram and now it is trading at $169/gram, meaning the current price is high and the current price is cheap, as is the current price of Bitcoin.

I mean, you can't look at the current price of Bitcoin, if you want to buy, you have to calculate the price 5-10 years in the future, that's the buying and investing assumption, If the price of Bitcoin in the next 5 years jumps to the $200k level, of course you will say I bought cheap now, that's the market view.

[justdimin]

If you compare the current price and the previous price, yes we can see that.
But if you go back to gold, it used to be trading at $10/gram and now it is trading at $169/gram, meaning the current price is high and the current price is cheap, as is the current price of Bitcoin.

I mean, you can't look at the current price of Bitcoin, if you want to buy, you have to calculate the price 5-10 years in the future, that's the buying and investing assumption, If the price of Bitcoin in the next 5 years jumps to the $200k level, of course you will say I bought cheap now, that's the market view.

Yeah, everything goes up, if we look at it as "is it too late" then we can't trade for anything because everything went up. Thanks to inflation the value of fiat keeps going down, and with some other stuff gets its own value, we have a double income that way. So bitcoin will get more value, while dollar will lose more value which means that price of bitcoin will keep on going higher and higher and there will not be any way to stop that and will keep going strong for good.

I understand why people may feel like they are too late because only 15 years ago it was few dollars and today it's 60k+ dollars so they feel like they are late, but it is not too late and you can still make a profit from bitcoin right now.