Re: Is it too late to start investing in cryptocurrency now?

Quote from: pinot95 on July 23, 2018, 01:08:39 PM

Quote from: catgod on October 21, 2017, 05:33:56 PM

I don't think it is too late to buy bitcoin. Right now you say to anyone that bitcoin costs 6000$ and they all say it is a bubble. They also said this when bitcoin price was 1000$ and even 100$.

The important thing is the point of view you are taking. It really seems so high 6k$ per bitcoin, but comparing Bitcoin Market Cap to other type of assets and then you will realise that is not that high. Right now bitcoin has 100B Market cap. Amazon is 400B Market Cap and gold is 7Trilion Market Cap.

I think in the long run,2-3 years bitcoin could equals to Gold in market Cap terms. If that happens bitcoin would cost almost 350k$.

Just my point of view Grin

Cheers!

As a new comer in crypto I don't believe it is too late to start investing. There are still many opportunities awaits for us new comers and beginners. It depends on how we managed to do business here and how we make the best strategy to gain huge profits here in crypto. I do not believe that the old here are very good because they been here long time and the new are not. We have different styles and strategies that is unique to each individual.

and you are absolutely right. You can explain the situation a little differently, because today's chances of buying a crypto currency at a cheap price should be used by all. First of all, it will bring us a good profit in the future, and secondly will raise demand for the crypto currency and that will positively affect the crypto currency market. Relatively future prospects, then you can analyze 2016 and 2017 and everything will become clear.