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Author Topic: --- You Are Not Late ---  (Read 3989 times)
Mobius
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August 10, 2014, 07:16:38 PM
 #41

Less than 0.1% of the world uses bitcoin. We are all early adopters. So will the next 0.9% be. We are all here before fucking wallstreet, that makes us financial geniuses if things keep growing.

Wall street getting into bitcoin might drive up the price, but they might end up screwing the bitcoin economy.  Smiley
Care to elaborate on that?

One possibility - bitcoin derivatives which greedy Joes on the street end up investing in. If they lose their money, bitcoin might get blamed.  Tongue
So what about it? Why would that be a problem?

It would decrease adoption by common people. We don't want that happening, do we?
That scenario is not a matter of "if" but "when". Dumb people are going to do dumb things and make dumb decisions. The technology involved has nothing to do with it, so it ultimately won't matter.

Sadly you are exactly right. There will always be shady people taking advantage of unwise people around any currency. It just gets more attention with bit coin. Ironically the fiat system does this on a massive scale but people tend to not pay attention to it.
This is why there needs to be applications and apps that makes using BTC more user friendly and more "idiot proof"; I have not been able to use circle yet, but I would expect that this would be one example of how using bitcoin can be like this.
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August 11, 2014, 05:56:43 PM
 #42

This is why there needs to be applications and apps that makes using BTC more user friendly and more "idiot proof"; I have not been able to use circle yet, but I would expect that this would be one example of how using bitcoin can be like this.

Exchange traded funds, debit cards, etc fit into known paradigms of investment / money transfer.
Average people will be more comfortable dealing with these.
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August 12, 2014, 09:57:10 PM
 #43

maybe it goes to 100.000 USD  Wink

it need a serious adoption for that to happen, something like google/amazon/youtube ecc...

i dont think that will be enough  Smiley

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August 12, 2014, 09:57:32 PM
 #44

maybe it goes to 100.000 USD  Wink

it need a serious adoption for that to happen, something like google/amazon/youtube ecc...
I saw an article on zeroblock today that says a new tipping bot allows people to tip people on youtube and tumblr.

https://www.changetip.com/

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August 12, 2014, 11:07:15 PM
 #45

Reading the article seems that investing in 2014 is the easiest thing of the world but for a newbie like me isn't, I don't even know where to start.

What do you mean you don't know where to start?   Are you just saying that figuratively? Or do you literally not know where to start to invest in BTC?
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August 13, 2014, 01:04:33 AM
 #46

maybe it goes to 100.000 USD  Wink

it need a serious adoption for that to happen, something like google/amazon/youtube ecc...

i dont think that will be enough  Smiley

Serious adoption won't be enough?
Or 100,000 USD won't be enough?  Grin
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August 31, 2014, 09:32:04 AM
 #47

I think bitcoin currency better than other crypto, cloudmining more options than other crypto, If you have substantial funds, then you can invest in cloudmining bitcoin, of course with a break-even point for a long time, hopefully bitcoin will last longer than other crypto ...

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August 31, 2014, 09:52:54 AM
 #48


I like how when I loaded the screen that was the only thing I saw ^^

In 1994 a Wired writer noticed that mcdonalds.com was still unclaimed, so with our encouragement he registered it, and then tried to give it to McDonalds, but their cluelessness about the internet was so hilarious it became a Wired story.
Ha-ha I learned something else today that's good stuff as well.

But its true the barriers are still very low
The internet was a wide open frontier then. It was easy to be the first in category X. Consumers had few expectations, and the barriers were extremely low. Start a search engine! An online store! Serve up amateur videos!

The same could be said of Bitcoin
Thanks for sharing that
Hasher99
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September 01, 2014, 06:23:09 PM
 #49

I completely disagree we are too late.Golden time was about 4 years ago from now to invest into bitcoin basically.Nowadays investing is expensive as well as a risky game to enter onto
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September 01, 2014, 09:06:11 PM
 #50

I completely disagree we are too late.Golden time was about 4 years ago from now to invest into bitcoin basically.Nowadays investing is expensive as well as a risky game to enter onto
There are other ways to profit from bitcoin other then from price appreciation. If you can invest in a business that will profit when bitcoin adoption increases then the price will not matter.
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September 01, 2014, 09:06:38 PM
 #51

I completely disagree we are too late.Golden time was about 4 years ago from now to invest into bitcoin basically.Nowadays investing is expensive as well as a risky game to enter onto

The price of Bitcoin is rising as it is gradually de-risked. You could've bought Bitcoin earlier less expensive - but in fact at that point in time it was never clear at all that bitcoin would grow to the proportions we see today. So essentially the risk was much higher back then than it is today.

You can't evaluate the past with the knowledge of today, that's unrealistic, because in the past nobody knew what the future (in which we live today) would bring. So looking back in a future yet to come to the (then past) present you might feel the same.

ya.ya.yo!
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September 01, 2014, 09:41:08 PM
 #52

With today's prices, you are definitely not too late to enter the BTC game.   I think a large percentage of people who got involved over the past year, are now in the red with the last decline in prices.   If you buy in now, you will probably have more profits (soon), than a large percentage of seasoned investors...
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September 02, 2014, 01:05:26 AM
 #53

I completely disagree we are too late.Golden time was about 4 years ago from now to invest into bitcoin basically.Nowadays investing is expensive as well as a risky game to enter onto

The price of Bitcoin is rising as it is gradually de-risked. You could've bought Bitcoin earlier less expensive - but in fact at that point in time it was never clear at all that bitcoin would grow to the proportions we see today. So essentially the risk was much higher back then than it is today.

You can't evaluate the past with the knowledge of today, that's unrealistic, because in the past nobody knew what the future (in which we live today) would bring. So looking back in a future yet to come to the (then past) present you might feel the same.

ya.ya.yo!

Risk just means how much you can lose.  If you buy 1BTC for $500 you have $500 at risk. 
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September 02, 2014, 01:15:31 AM
 #54

With today's prices, you are definitely not too late to enter the BTC game.   I think a large percentage of people who got involved over the past year, are now in the red with the last decline in prices.   If you buy in now, you will probably have more profits (soon), than a large percentage of seasoned investors...

They are not seasoned investors, they are yesterday's newbies.  Smiley


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dadugan
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September 02, 2014, 02:22:33 AM
 #55

With today's prices, you are definitely not too late to enter the BTC game.   I think a large percentage of people who got involved over the past year, are now in the red with the last decline in prices.   If you buy in now, you will probably have more profits (soon), than a large percentage of seasoned investors...

They are not seasoned investors, they are yesterday's newbies.  Smiley

Everyone was newbies once and got burn badly before becoming a session investors.

Still, buying bitcoin at this price is rather risky.
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September 02, 2014, 03:58:27 AM
 #56

when i saw what Cyprus did to the price of bitcoin, i can't help but imagine what would happen when it hits the next country, and i'm not even mentionning the USD situation.

Things can move VERY fast, remember 2008 ? imagine what it could do to bitcoin, and it's not even talking about the price, people will have to adapt and adopt it : euros and usd might be worhtless one day, but people will still have to eat, companies will still have to trade and banks will still have to lend

Everytime i get second toughts and doubts about bitcoin i watch one of Andreas vids, truely inspirational, he's the one that got me started in bitcoin in the first place.
AUG2014  Current state of bitcoin https://www.youtube.com/watch?v=ggB0Wh_g33M

 

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September 02, 2014, 04:04:29 AM
 #57

With today's prices, you are definitely not too late to enter the BTC game.   I think a large percentage of people who got involved over the past year, are now in the red with the last decline in prices.   If you buy in now, you will probably have more profits (soon), than a large percentage of seasoned investors...
People who bought bitcoin at $x price on y date do not necessarily still own the bitcoin they purchased, as they could have traded it and/or sold it.

Also just because others have purchased at higher prices does not mean that it is a good price for you to buy at.

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September 02, 2014, 03:07:59 PM
 #58

With today's prices, you are definitely not too late to enter the BTC game.   I think a large percentage of people who got involved over the past year, are now in the red with the last decline in prices.   If you buy in now, you will probably have more profits (soon), than a large percentage of seasoned investors...
it is just the beginning for bitcoins
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September 03, 2014, 01:38:51 PM
 #59

There is 7B people on earth for 21 millions max bitcoin, so an average of 0.003 bitcoins per person Smiley

If it's become a common currency like euros or dollar 500$ for 1 whole bitcoin is not that much and it's not more crazy to think that than first investors who bought only an idea, ther was no business related to bitcoin at this time, no advertising, and it was something totally new...
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September 03, 2014, 02:36:41 PM
 #60

With my 0.25 bitcoins maybe in the future I will be rich?
I don't think so but holding them won't cost anything...
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