Quote from: bayu7adi on Today at 01:43:24 AM

Quote from: South Park on October 20, 2023, 06:38:48 PM

You are early in the sense that there is still many people left yet to adopt bitcoin and bitcoin is still not used on our everyday lives in the same way that we use fiat, however if you are expecting the same kind of growth that we saw during those days you are in fact late, as even if bitcoin is going to continue to grow as the demand for it increases, its growth is not going to be as fast as it was back then,

This makes more sense because Bitcoin is no longer in its infancy. In its early days, back in 2009, a price increase from $1 to $2 meant a 100% gain. However, the current value of Bitcoin has reached $29k, which means it would require a $29k increase, or precisely $58k, to achieve a 100% gain. Bitcoin's growth is similar to the past, but the percentage increase in its price is not as substantial as before.

Reconsider the pocket money you should be using for things that bring you joy. It's true that Bitcoin could still reach $100k or even $1 million, but thinking logically about this new all-time high doesn't seem as straightforward as it used to be. It might reach that point, but the time required may not be as quick as before.

Invest your money in Bitcoin with slightly lower expectations.

It is true that bitcoin's profits are getting smaller or it will take longer to reach the goal we want. But there is one difference compared to the early years of bitcoin, which is that the safety level of bitcoin has increased significantly, investing in bitcoin today is much safer than in the early period of 2009-2010. Furthermore, if we compare investments like gold, real estate, stocks and bitcoin, btc is still the investment that gives better returns in a shorter period of time. Therefore, choosing bitcoin should still be prioritized over other investments.