We might not be "early" in bitcoin anymore

[EarnOnVictor]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

Perhaps, you should be clearer next time. Is it overall Bitcoin price measure, or the start of a new bullish phase? I can see people answering them with confusion of both.

Either way, nothing is early anymore. Bitcoin is big enough in overall price, and everyone knows that with the way it's now expensive and its refusal to drop beyond measure. As for the next bullish phase, I believe the preparation has already begun. It's not going to hit $60,000 again until the next full bullish season is reached.

[Ishicryptic]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

The skeptical me is thinking that these people here are not holding much bitcoin or they are only wishfully hoping that it is still early.

Every Bitcoin investors stance whether we're still in it's early phrase or not after approximately 15 years depends on individual perspective towards it, an investor who is believing that Bitcoin would reach $1,000,000 in the next 10 years would consider now as still early. Those that are holding it as a store of value and a hedge against inflation would mostly not be bothered about whether we're still early or not, their main focus is that they are holding an asset that is decentralized with limited supply that has proven that it can sustained it's value in the future. I would say that Bitcoin has done tremendously well if you're looking at it's market cap considering that it is a relatively new creation so either you think that we're still early or not doesn't change what Bitcoin is and it's potentials to reach ATH.

[Texac]

Every Bitcoin investors stance whether we're still in it's early phrase or not after approximately 15 years depends on individual perspective towards it, an investor who is believing that Bitcoin would reach $1,000,000 in the next 10 years would consider now as still early.

Bitcoin still having plenty of upside doesn't mean we're still in its early days. If expecting more upside is all it takes to call yourself an early adopter, then that logic works at any time.
Even if BTC hits $1m 20 years from now, would people buying at that price still be early adopters just because they believe it can go to $10M?

Those that are holding it as a store of value and a hedge against inflation would mostly not be bothered about whether we're still early or not, their main focus is that they are holding an asset that is decentralized with limited supply that has proven that it can sustained it's value in the future.

For an asset to count as a store of value or inflation hedge, it has to prove itself to the world first, and that takes time, a lot of it.

Having the same properties as other stores of value on paper doesn't make it one by default. Bitcoin took 17 years to prove that.

I would say that Bitcoin has done tremendously well if you're looking at it's market cap considering that it is a relatively new creation so either you think that we're still early or not doesn't change what Bitcoin is and it's potentials to reach ATH.

Bitcoin still has plenty of upside and could hit $1m. But again, having that much upside doesn't mean we're still early.

[Juicyhome]

To me when people said bitcoin at this stage, is  still early stage, I agree with them,  they're are not discrediting the growth of bitcoin,  bitcoin is just 17 years old and has gained over $1.64 trillion market cap. Now imagine bitcoin at 59 years or 30 years then you will agree that bitcoin is still at the early stage. Now that we still have the opportunity to buy and hold bitcoin at this stage buy because it will be very hard for thr next generation to buy bitcoin because of the price.

As today bitcoin is $81k, imagine bitcoin hitting $5k in 30 years , won't you accept that bitcoin was still at it early stage in 2026?, own bitcoin today for a greater future,  bitcoin is the future of money, having is a must,  your children will be proud you buy in the early stage for them. Many children will be mad to parents that didn't hold bitcoin for them  when bitcoin is still at $81k now, tomorrow it will be expensive for the children to buy.

[free-bit.co.in]

I believe the term early has multiple interpretations depending on which early we are referring. The era of Bitcoin being an unknown experiment is over and to imagine that the same returns would be found is a dream that can no longer be realized. But its price gains aren't the sole measure of its potential going forward. Its role could continue to grow in countries where financial services are not widely available with. Its use in payments and savings becoming more common in everyday life. The bigger issue is whether it can continue to increase from this point rather than just that we came late. While Bitcoin might still have potential. It doesn't mean futures profits are guaranteed.

If we're talking investment. We're obviously not early anymore. Getting rich off it like the early adopters did? That ship has sailed. But in terms of adoption, we may still be very early. As you said, Bitcoin could see wider use for payments and savings, while becoming more deeply integrated into TradFi.

That said, I think what most people care about more, and what this discussion is really about is investing. Some think Bitcoin is still early because they see massive upside ahead. But they're mixing up two different things. Price going up doesn't mean we're still early.

[philipma1957]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

Perhaps, you should be clearer next time. Is it overall Bitcoin price measure, or the start of a new bullish phase? I can see people answering them with confusion of both.

Either way, nothing is early anymore. Bitcoin is big enough in overall price, and everyone knows that with the way it's now expensive and its refusal to drop beyond measure. As for the next bullish phase, I believe the preparation has already begun. It's not going to hit $60,000 again until the next full bullish season is reached.

Well spacex is early it was 135 it is now 147

it is under a year old.

So if early has any meaning spacex is a clear choice over BTC

[bbc.reporter]

I think it is definitely still totally fair to say Bitcoin is still in its early stage of adoption.

Hehehehe yes, and this is the source of the argument. It has been 15 years already and much of the people on this forum still say it is still very early hehehe.

I reckon if someone has joined bitcoin this year, he is late already.

saying it's already too late is a bit much, but we're clearly past the early stage, both as an investment and in terms of adoption.

it's been 18 years now, and bitcoin is no longer some obscure asset known only to a small community. almost everyone has heard of it a few times by now.
sure, plenty of people still don't own or use bitcoin, but that doesn't mean we're still in the early stages. and having room to run isn't the same as it being early to get in.

I would declare that it is very much late on the argument that we small minnows will not get rich by having a small investment on bitcoin and also on the argument that the institutional investors have came in already.

This is not anymore a market similar to what it was on 2012-2017. If much of the people in this forum argues that bitcoin is a good investment because it is still early, I reckon this is a headshaking assumption. On that argument, it is not anymore early and if someone will tell you this, do not listen to this person especially if he is a bitcoin maximalist!

[sergiorus]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

Perhaps, you should be clearer next time. Is it overall Bitcoin price measure, or the start of a new bullish phase? I can see people answering them with confusion of both.

Either way, nothing is early anymore. Bitcoin is big enough in overall price, and everyone knows that with the way it's now expensive and its refusal to drop beyond measure. As for the next bullish phase, I believe the preparation has already begun. It's not going to hit $60,000 again until the next full bullish season is reached.

Well spacex is early it was 135 it is now 147

it is under a year old.

So if early has any meaning spacex is a clear choice over BTC

SpaceX is a 24 years old company. Before public listing there were private shares all along.

Considering we are in the late stages of capitalism and the "everything bubble", any public listing especially of an old company, especially valued in TRILLIONS of USD, should be seen as "as late as possible".

[EarnOnVictor]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

Perhaps, you should be clearer next time. Is it overall Bitcoin price measure, or the start of a new bullish phase? I can see people answering them with confusion of both.

Either way, nothing is early anymore. Bitcoin is big enough in overall price, and everyone knows that with the way it's now expensive and its refusal to drop beyond measure. As for the next bullish phase, I believe the preparation has already begun. It's not going to hit $60,000 again until the next full bullish season is reached.

Well spacex is early it was 135 it is now 147

it is under a year old.

So if early has any meaning spacex is a clear choice over BTC

That's a wrong comparison! Age is not the same as valuation, and SpaceX is a business, while Bitcoin is a system. Also, being early depends on adoption, valuation and future potential, and not automatically the age it has existed. Besides, volatility and inherent factors vary in both, and what drags them on and off matters too.

[Emeraldo]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

Perhaps, you should be clearer next time. Is it overall Bitcoin price measure, or the start of a new bullish phase? I can see people answering them with confusion of both.

Either way, nothing is early anymore. Bitcoin is big enough in overall price, and everyone knows that with the way it's now expensive and its refusal to drop beyond measure. As for the next bullish phase, I believe the preparation has already begun. It's not going to hit $60,000 again until the next full bullish season is reached.

Like you have said, the price of Bitcoin is big enough to withdstand any liquidity in the market and i have cleared my thinking about assuming that anyone investing in Bitcoin now may be late. Since the price of Bitcoin will continue to grow further, any investor can choose to buy Bitcoin at any price they prefer and in a matter of time, the price of Bitcoin is going to appreciate and everyone is going to end up in profits. It will be very hard for the price of Bitcoin to go below $60k since the previous time the price of Bitcoin almost crossed the support line.

[philipma1957]

to me BTC is likely going to be the same as New York City Yellow taxi cab medallions


NYC Taxi Medallion Price Timeline


Year / Period   Average Medallion Price
1937 (Inception)   $10
1950   .......................$5,000
August 2011.............$705,000 – $1,000,000
2012   .....................~$800,000
2014 (Peak)...........   ~$1,300,000
2021 – 2026 (Current Range)...   $90,000 – $200,000 (typically $100,000 – $150,000)


So what happened to medallions? just like btc a finite number and you can see them moonshot all the way to 1.3 million

but they tanked like a mother fucker

why is that ?

better products came around LYFT and UBER


It is pretty much a lock  that BTC will follow this path.


SO the question for all of us is was 2025 price of 126k the true peak?

are we at the 1.1 mill drop to 800k or 2011-2012 part of the medallion chart?

if so there is a rally coming.

Oh is ai the better product than btc?

if so btc has peaked and nvidia+spacex is like lyft+uber

just saying.

[JaanusRaim]

to me BTC is likely going to be the same as New York City Yellow taxi cab medallions


NYC Taxi Medallion Price Timeline


Year / Period   Average Medallion Price
1937 (Inception)   $10
1950   .......................$5,000
August 2011.............$705,000 – $1,000,000
2012   .....................~$800,000
2014 (Peak)...........   ~$1,300,000
2021 – 2026 (Current Range)...   $90,000 – $200,000 (typically $100,000 – $150,000)


So what happened to medallions? just like btc a finite number and you can see them moonshot all the way to 1.3 million

but they tanked like a mother fucker

why is that ?

better products came around LYFT and UBER


It is pretty much a lock  that BTC will follow this path.


SO the question for all of us is was 2025 price of 126k the true peak?

are we at the 1.1 mill drop to 800k or 2011-2012 part of the medallion chart?

if so there is a rally coming.

Oh is ai the better product than btc?

if so btc has peaked and nvidia+spacex is like lyft+uber

just saying.

It is extremely difficult to calculate the exact peak (there are simply too many significant variables). However, we are likely not too far from the peak, and the risk of a decline outweighs the potential for further gains. The stock market remains very strong, but just imagine what will happen when this bubble bursts...

[bbc.reporter]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

Perhaps, you should be clearer next time. Is it overall Bitcoin price measure, or the start of a new bullish phase? I can see people answering them with confusion of both.

Either way, nothing is early anymore. Bitcoin is big enough in overall price, and everyone knows that with the way it's now expensive and its refusal to drop beyond measure. As for the next bullish phase, I believe the preparation has already begun. It's not going to hit $60,000 again until the next full bullish season is reached.

Well spacex is early it was 135 it is now 147

it is under a year old.

So if early has any meaning spacex is a clear choice over BTC

SpaceX was early if you were lucky to have invested in this privately during the beginning when Elong was buying his first rockets from the Russian army heeheheh.

It is very headshaking to say that SpaceX is still early when the company was created before bitcoin and the market capitalization is more than $1 trillion hehehehehe.

[liasbaa]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

The skeptical me is thinking that these people here are not holding much bitcoin or they are only wishfully hoping that it is still early.

The total supply of Bitcoin is 21 million most of which have been mined. The price of Bitcoin reached an ATH of $126k last year. If we evaluate it in terms of Bitcoin mining it is no longer in its early stage. But if we evaluate it in terms of value, Bitcoin is still in its early stage. As the supply becomes limited and the cost of mining very high the price of Bitcoin will increase. The cost of mining Bitcoin is increasing and the limited supply structure will be less than the demand. The price of Bitcoin will increase further in the future and is likely to reach $300k by 2028.

15 years is a long period of time. During this period Bitcoin has become a store of value, which means that many investors invest in Bitcoin as an alternative to gold. Bitcoin value is likely to increase much more in the future. If we evaluate it in terms of potential Bitcoin is still in its early stage.

[knowngunman]

Well spacex is early it was 135 it is now 147

it is under a year old.

So if early has any meaning spacex is a clear choice over BTC

That's a wrong comparison! Age is not the same as valuation, and SpaceX is a business, while Bitcoin is a system. Also, being early depends on adoption, valuation and future potential, and not automatically the age it has existed. Besides, volatility and inherent factors vary in both, and what drags them on and off matters too.

I think Phil is just being sarcastic 

I can't believe Phil really meant that statement "clear choice over BTC"

Early is not just about price alone. Moreover, I don't see anything impressive here going from 135 to 147 in space of a year. That's something BTC can do in less than a month. So that's not a big deal.

We can call it whatever we want but definitely not a clear choice over BTC. That went too far.

[bbc.reporter]

We have witnessed this being said for 15 years already and this might be the only place in the cryptospace where much people declare that we are still early.

The skeptical me is thinking that these people here are not holding much bitcoin or they are only wishfully hoping that it is still early.

The total supply of Bitcoin is 21 million most of which have been mined. The price of Bitcoin reached an ATH of $126k last year. If we evaluate it in terms of Bitcoin mining it is no longer in its early stage. But if we evaluate it in terms of value, Bitcoin is still in its early stage. As the supply becomes limited and the cost of mining very high the price of Bitcoin will increase. The cost of mining Bitcoin is increasing and the limited supply structure will be less than the demand. The price of Bitcoin will increase further in the future and is likely to reach $300k by 2028.

15 years is a long period of time. During this period Bitcoin has become a store of value, which means that many investors invest in Bitcoin as an alternative to gold. Bitcoin value is likely to increase much more in the future. If we evaluate it in terms of potential Bitcoin is still in its early stage.

I reckon it is not anymore early if also we evaluate bitcoin in terms of value. It was early when the price was under $100, under $50 or under $10 dollars. Presently? No! Bitcoin is not anymore early. If small investors similar to use wants to become rich with a small investment, we need to find a cryptocoin with a smaller market capitalization that has a very good potential to become very big!

If anyone has a suggestion on a cryptocoin with potential, please share in this thread heheheheheh.

[philipma1957]

Well spacex is early it was 135 it is now 147

it is under a year old.

So if early has any meaning spacex is a clear choice over BTC

That's a wrong comparison! Age is not the same as valuation, and SpaceX is a business, while Bitcoin is a system. Also, being early depends on adoption, valuation and future potential, and not automatically the age it has existed. Besides, volatility and inherent factors vary in both, and what drags them on and off matters too.

I think Phil is just being sarcastic 

I can't believe Phil really meant that statement "clear choice over BTC"

Early is not just about price alone. Moreover, I don't see anything impressive here going from 135 to 147 in space of a year. That's something BTC can do in less than a month. So that's not a big deal.

We can call it whatever we want but definitely not a clear choice over BTC. That went too far.

I have more in btc than spacex

But to be honest btc is hurting bigly.

And it is far more likely that spacex get to $500 a stock share than it is for btc to get to 250k.

I should sell more btc and buy more spacex

[Swordsoffreedom]

The total supply of Bitcoin is 21 million most of which have been mined. The price of Bitcoin reached an ATH of $126k last year. If we evaluate it in terms of Bitcoin mining it is no longer in its early stage. But if we evaluate it in terms of value, Bitcoin is still in its early stage. As the supply becomes limited and the cost of mining very high the price of Bitcoin will increase. The cost of mining Bitcoin is increasing and the limited supply structure will be less than the demand. The price of Bitcoin will increase further in the future and is likely to reach $300k by 2028.

15 years is a long period of time. During this period Bitcoin has become a store of value, which means that many investors invest in Bitcoin as an alternative to gold. Bitcoin value is likely to increase much more in the future. If we evaluate it in terms of potential Bitcoin is still in its early stage.

I reckon it is not anymore early if also we evaluate bitcoin in terms of value. It was early when the price was under $100, under $50 or under $10 dollars. Presently? No! Bitcoin is not anymore early. If small investors similar to use wants to become rich with a small investment, we need to find a cryptocoin with a smaller market capitalization that has a very good potential to become very big!

Bitcoin has increased in value by a bajillion per cents over 18 years. Plenty of people got rich, some even became millionaires, from a relatively small initial investment. All of us who came later and are currently investing never will, not even remotely.

So does it really make sense to say Bitcoin is still in its early stages when it comes to value? Whether you look at price, market cap or adoption, it's already come a long way. It can still keep growing, sure, but that doesn't mean we're still early.

If anyone has a suggestion on a cryptocoin with potential, please share in this thread heheheheheh.

That's the million dollar question.

[Nathrixxx]

Very possible that we are not part of the earlier birds to bitcoin adoption, but it is never too late as well if we can make use of the same opportunity we have now to secure the future ahead, this is why everyone that understand about bitcoin must be able to take action to ensure that they don't miss out the second time, investing today and holding for the future is as important as not being able to see the early days as missed opportunity.

[Chilwell]

Very possible that we are not part of the earlier birds to bitcoin adoption, but it is never too late as well if we can make use of the same opportunity we have now to secure the future ahead, this is why everyone that understand about bitcoin must be able to take action to ensure that they don't miss out the second time, investing today and holding for the future is as important as not being able to see the early days as missed opportunity.

What I first tell people regarding the Bitcoin adoption is that the first day you decided to start your Bitcoin investment is considered as your early days, so it is very important for us to use this opportunity to be ahead of others because they are some people who I haven't started their bitcoin investment, and that doesn't mean that they will be behind us forever when it comes to bitcoin investment. Majority of people believe that the money you can afford to lose his normally small amount, there are a lot of people out there who have huge amount of money that they can afford to lose, but some of them have not seen the Bitcoin investment but with the way things are going I believe they will show up one day.

Anytime I come to think of Bitcoin adoption I feel so excited because I know myself, it can be possible for me not to have any bitcoin anymore if I was in possession of it earlier, i always give thanks to God Almighty for making my time right now when it comes to bitcoin investment.