Post
Topic
Board Bitcoin Discussion
Re: Is It Late To Invest In Bitcoin?
by
Abiky
on 26/11/2023, 13:35:25 UTC
Why does it matter to you how much one unit of Bitcoin costs today?

If you think the fundamentals of Bitcoin are solid, it will be more valuable in the future compared to today.

How much fiat would you have paid in 2010 for Bitcoin? just buy that amount today.

People are just paying attention to market prices to make a quick buck. They're not into Bitcoin because they believe in it. I'd say utility goes above all else. Satoshi made Bitcoin a peer-to-peer electronic cash system without middleman, and so far, it's been working as intended. We let "Wall Street" get into the revolution, and now the majority considers Bitcoin an investment instead of a currency. While it's likely BTC will rise in price over time, we should expect the Blockchain to become heavily-congested due to increasing mainstream adoption.

Things aside, I believe it's still early to get into BTC, especially when its market cap is a lot smaller than Gold's. There are many people around the world who haven't used or heard about Bitcoin before. Once we include everyone in the system (or almost everyone), BTC will never be worth current market prices ever again. Maybe you'll get lucky by holding onto it before this happens? Grin