Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Honestly, its never too late to join bitcoin.
I find the whole idea of people saying that it's "too late" to join Bitcoin a ridiculous notion. To me it's like saying it's "too late to get internet", "too late to join Facebook", or "too late to get a smart phone." "Damn, I missed out on that whole Internet revolution!"
A nonsensical phrase. At no point in time now or in the future will anyone be "missing out" on getting some Bitcoin.
If they mean that it's too late to make a ton of money with Bitcoin, then they need to re-evaluate their notion of what money is. Should I say, "Well it's too late to buy Gold because I can't get it for $0.10/oz. valuation like my ancestors were able to." ?
I don't get that either. I think it would help if we would start talking about satoshi / fiat exchange rates. If these people see 1 BTC = 4000 USD, they think it's to late to buy. But most likely some of these people would buy if they see a exchange rate of 1 Sat = 0.00004 USD.
The effect of this is very much underestimated imo. Loads of my friends and family think its too late or they cant afford $4k. I dont tell them its not too late as i dont want to be responsible for them losing money but i do tell them that you can buy a fraction of a bitcoin. This is usually dismissed by them and I suppose its human nature to want 1 or more of something rather than a piece.
I think though if we were to use the SAT valuation, you need to somehow tie it to BTC better so the average joe understands the SAT is not just another shitcoin. I mean look at the Table of units. Do nerds intentionally try and confuse-https://imgur.com/a/fyJNS