Bitcoin Doesn’t Reward Early Adopters,It Rewards Long-Term Conviction.

[Franklyn-wood]

You are not wrong, but the reward in terms of who sees more profit is not only the Ike who is convinced enough to hold for long; they enjoy the highest reward. To get convinced, you need to be early and also have the mind of conviction to hold.

Some were lucky to get involved early; some are enjoying some of the best profit today not because they know Bitcoin so well but out of luck. They somehow lost access to their holding, which restricted them from selling when their mates did, and later ran into its access when Bitcoin had already gained popularity, which contributed to their trust in Bitcoin.

Sure many who today celebrate high rewards are those who by luck restricted to there hold due to loss or misplacement to there phrase.
This could be an advantage that eventually made them get higher profit. I know of some people that bought Bitcoin then and where afraid to check and sell because of how others loss there funds, untill few years later they checked and it was a massive rewards.
Many that sold theirs earlier though it was some sought if schemes that would later collapse, so they invested and in a short time they sold it out Lossing confidence in the system that governs Bitcoin.

[Versatile_choice]

bitcoin rewards both the early adopters and those who are convinced to hold for long. early adopters are in a unique category because we cant go back to 2012 0r 2013. therefore it is left for those of us who were not opportune to be early adopters to join the band wagon and buy bitcoin because it is the future

It is true that bitcoin rewards both the early adopters. but the truth is the reward of those Long term Investors can't be compared with those that only Invested for few years probably 1-2 years, some only Invested for months and start selling thier holdings.

Anyone who is Investing in bitcoin with Long term mindset should invest for one complete circle because investing for one complete circle is what qualifies you as a long term Investor and that's the only way you can get a good potential return.

[CryptopreneurBrainboss]

If you had to choose only one, which has historically mattered more in Bitcoin: being early or having conviction? And why?

Actually no investment favours early adopters more than those who believe and held on to the investment. It's not all about being early but how determined you are to invest and forget about the investment. There are those who were just lucky to be early but again they forgot about their Bitcoin and that is why they are as wealthy as they are today and then there are those people that invested then held through all the stormy days and years and they're being rewarded too.

What really matters is if you still hodl on to that asset that you bought years ago and that is why it is always advisable to invest into an asset with money that you won't mind forgetting that you put such amount into your investment.

There are many early adopters of Bitcoin that sold early and are filled with regrets today, they will do everything possible to go back to those days but that is impossible. Your conviction in an investment should be 100% before you invest and commit into that investment, If not you might just be wasting your time and filled with regrets later if the investment turns out to be successful but you aren't among those benefiting from that investment.

[lionheart78]

For me, anyone who takes profit can be considered rewarded.  Early adopter who are able to sell Bitcoin higher price than their entry price take profit thus is rewarded.  Long-term conviction buyer who buys Bitcoin, who stashes it for a long time and sells it, also takes profit, thus is also rewarded.  I think the matter here is who benefits the most and not whether they are rewarded or not.

If we talk about who benefited the most, then it is very clear, those who are early adopters that has long term convictions.  Nothing beats people who have both early entry and future insight - turning into long-term conviction.  So in a scenario that has both long-term conviction...  it is the early adopters that were rewarded the most.  However, early adopters who easily sell their stash is far from being equal in terms of profit to investors who hodl and wait patiently.