It is always too late

[kingama]

They don't if it's really an investment, which is basically defined as loaning somebody who does something productive money for interest. Out of it comes something of value, a product, a service, knowledge or information.
That doesn't happen with Bitcoin because the mtoney you used to buy Bitcoins goes to another person who doesn't use that money to earn something for you. That's why it's called speculating and that's why this board is called as such. We are speculators not investors.

You are basically correct. Investing is buying capital goods and labour with the purpose of producing someting that is useful to others (of course speculating that it is useful to others when it is offered some time in the future).

Buying bitcoin is speculating that others will demand it for a higher price in the market in the future. It is speculating also if you do not expect a higher price in the future, even when you expect a lower price. (When you demand dollars for the work you offer, you speculate that someone in the future will demand those dollars for a price not less than 2 percent lower than the current price... that is the dollar price inflation expectation). This is always so with money: any demand you have for money, is speculation that others will demand it in the future.

Speculation is acting on your foresight, based upon all your wisdom.

Just to add to this, buying bitcoin is somewhat similar to the case of loaning someone money. By holding, you support the price and allow others who see an even greater opportunity for profit than bitcoin cash out a little bit. Holding also adds to the potential liquidity enabling larger transactions to work their way through the system without changing prices as much.

[randy8777]

it's never too late. it all depends on supply and demand. what today looks high might be insanely cheap at some point.
buy now and make sure you are in the coins.

[thebitcoinquiz.com]

it's never too late. it all depends on supply and demand. what today looks high might be insanely cheap at some point.
buy now and make sure you are in the coins.

If you are only concerned about the demand and supply thing then the demand is certainly going to increase with more people joining in and after the halvening I expect the volume of bitcoin in circulation to reduce. All the factors are in favour of rise in prices so yes, the I guess bitcoin is undervalued and the price will increase in the future

[johnyj]

When people discovered that they are forever too late in the fiat money game(E.g. no matter how much fiat money they get, FED will always print more and make their money worth less), then comparing with bitcoin, they will understand that everyone enter bitcoin anytime is in fact an early adopter, since there are no future bitcoin can dilute his holding indefinitely

[avw1982]

The best time to plant a tree was 20 years ago. The second best is now

damn I like this quote

[oblivi]

eeeeexactly ... perhaps the most significant issue with widespread greater adoption is ***people do not like the idea of being taken advantage of*** ... and when you find out these things were produced en mass in the millions and millions of units by a handful of people for free on their laptops / traded for pennies for a year without any public knowledge of it no news no merchant acceptance nothing ... then come to find out the only exchange they were traded on during that time was in fact being run as a fraudulent ponzi (mtgox) and later collapsed and the price WAS $1200 as a sole result of their fraudulent actions and a fake-billion-dollars ... then find out it's trading in the couple hundreds of dollars today with estimates as high as a million stolen bitcoins floating around ... you immediately KNOW you've missed out on any sort of rapid profit making and that all you're doing is paying off the members of the top of the pyramid / thieves who haven't sold all of their free / stolen stash yet ... and you steer the fuck clear of it ...

Yeah, a system that's transparent and cannot be manipulated where you can be responsible of your own wealth is clearly worse than this:

http://www.theguardian.com/business/2015/jan/19/global-wealth-oxfam-inequality-davos-economic-summit-switzerland

Get some perspective.

[gargantuar]

The best time to plant a tree was 20 years ago. The second best is now

damn I like this quote

If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago.

[Erdogan]

The best time to plant a tree was 20 years ago. The second best is now

damn I like this quote

If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago.

You assume that there has to be a linear function of goodness versus the time scale! No, we are talking magic here!

[600watt]

The best time to plant a tree was 20 years ago. The second best is now

damn I like this quote

+ 1

[Hazir]

The best time to plant a tree was 20 years ago. The second best is now

damn I like this quote

If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago.

This quote is godlike! But I want to return to reality now. Past aside, we can't change it no matter what. We need to focus on the future of bitcoin.
I think that $300 is a key to unlocking bitcoin price after this threshold bitcoin price can reach even $500 in short time imo. If someone is telling you that time to buy bitcoin is long time gone he is a delusional individuum locked in the past when bitcoin price was two-digit number. Time is now.

[Bananana]

The best time to plant a tree was 20 years ago. The second best is now

damn I like this quote

If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago.

If the best day to plant a tree is 20 years ago, the second best day would be 7303 days ago and the third best would be tomorrow.

[Monetizer]

I agree however many will see and notice if bitcoin bubbles again and will have a similar thought process "I should have bought" and when it goes down they may see an opportunity to buy as many did this time around if this makes sense.

[Samperio]

I still reckon that bubbles are supported by greed. But in my mind, I'd like to de-couple that from the fact that bicoin actually came out of nothing to be something with value.

Whether pundits are to demonize or talk down or actually praise Bitcoin, it's here to stay.

While there are possibly some bubbles to come (hard to divine, right, but I foresee a 1,300 to 1,500 USD per BTC bubble in the next three years), I venture to say that BTC some time over the coming 5 years will be well supported at the 1,100 USD price.

My 2 satoshis.
S.

[12345mm]

eeeeexactly ... perhaps the most significant issue with widespread greater adoption is ***people do not like the idea of being taken advantage of*** ... and when you find out these things were produced en mass in the millions and millions of units by a handful of people for free on their laptops / traded for pennies for a year without any public knowledge of it no news no merchant acceptance nothing ... then come to find out the only exchange they were traded on during that time was in fact being run as a fraudulent ponzi (mtgox) and later collapsed and the price WAS $1200 as a sole result of their fraudulent actions and a fake-billion-dollars ... then find out it's trading in the couple hundreds of dollars today with estimates as high as a million stolen bitcoins floating around ... you immediately KNOW you've missed out on any sort of rapid profit making and that all you're doing is paying off the members of the top of the pyramid / thieves who haven't sold all of their free / stolen stash yet ... and you steer the fuck clear of it ...

Yeah, a system that's transparent and cannot be manipulated where you can be responsible of your own wealth is clearly worse than this:

http://www.theguardian.com/business/2015/jan/19/global-wealth-oxfam-inequality-davos-economic-summit-switzerland

Get some perspective.

to be quite honest ... i advocate violent revolution at this point to reset the balances ... bitcoin is not the solution with 1000 people owning 1/4 of the total bitcoin monetary supply ... the hyper wealthy will not surrender their wealth/power willingly for the betterment of mankind ... and there exist only a few thousand billionaires on this planet VS several billion other well armed people ... they are too few and we too many ... they will be hung from the lampposts ... and this is what motivates their actions is the knowledge that the rest of mankind hates their very existence and parasitic purpose ... blood ! ... I call for blood !!!

[piramida]

to be quite honest ... i advocate violent revolution at this point to reset the balances ... bitcoin is not the solution with 1000 people owning 1/4 of the total bitcoin monetary supply ... the hyper wealthy will not surrender their wealth/power willingly for the betterment of mankind ... and there exist only a few thousand billionaires on this planet VS several billion other well armed people ... they are too few and we too many ... they will be hung from the lampposts ... and this is what motivates their actions is the knowledge that the rest of mankind hates their very existence and parasitic purpose ... blood ! ... I call for blood !!!

What do you think happens after all the billionaires are hung, or you didn't think much further than that? I'll give you a hint - in a month, there are new billionaires, the ones who've lead sheeple to die while hanging the previous ones. And you will still be poor.