Is late to invest in Bitcoin but one can still start now and still make good profit that will surprise everyone, if one can start now and become consistent in accumulation and keeping holding for 10 to 20 years one would have accumulated enough Bitcoin and have succeed.
People should stop saying is late I can't invest anymore, and saying Bitcoin has already grown there's no need to invest in it, some people like investing on something new and then grow with it, but let me tell you Bitcoin has not gotten to half of it's growth level and just few people in the world are investing on Bitcoin that means Bitcoin is still a new investment and still have a long way to go that means if you invest in it now you are still growing with it and if you hold for 20 to 30 years you will be surprised on how big Bitcoin will become so there's still enough time to grow with Bitcoin.
I tend to disagree with you here. It's never too late to invest in Bitcoin. A lot of people said this same sentence 2 to 4 years ago that it was too late to enter into Bitcoin and by then Bitcoin price was around 10k to 12k. Now look at the price of Bitcoin currently, it's going even higher and higher with time. The perfect time to start buying Bitcoin and stop sitting around procrastinating using it too late to justify your ignorance is now. Now is better, tomorrow is better and next year is even better. The answer is to start buying as much as you can afford and expect good news in the next few years.
No amount is too big and no amount is too small to start your investment. A beginner would say he had just 10$ to start, yes start with it. Even a little marble but gathered a lot in one basket would fill it up. Which means starting with 10$ with consistently withing a year one can hold a substantial amount of Bitcoin in his portfolio.
If you know about Bitcoin 10 or 5 years ago and you refuse to invest thinking it won't grow is late but one can still start and make something huge out of Bitcoin.
Before Bitcoin got to this price there were people investing on it, there were people who started investing on Bitcoin when Bitcoin was just $100 and there were people who started when it was also $1k and now is $59k so is late but I said one can still invest and make huge profit because Bitcoin still have a long way to go when it comes to it's growth level and so if one invest now with consistency and patience in holding in the next 10 to 20 years one will be surprised because Bitcoin will grow so big.
There are also people who started investing in bitcoin when it was around $10k who have average buy prices right around$30k, and they are still doing quite well and are in a pretty decent position in terms of the quantity of BTC that they bought even though their average buy price is only around half of the current price. They are set up to be in a very good place. Microstrategy (MSTR) is in such a place in term of their starting to buy bitcoin in August 2020, and they are seeming to be like geniuses... Saylor also bought some of his own personal stash of BTC starting in July 2020 (more than 17k BTC, yet he seemed to have had done mostly lump sum with his personal stash, even though there are some rumors that he bought more BTC with his personal stash in recent times, too).
And, so those folks who got into bitcoin before Saylor and MSTR, in 2018/2019 would have had been doing even better in terms of their average cost per BTC and how much they would have had been able to accumulate.
The person who choose to buy
$100 per week starting 6 years ago in late 2018, would have had invested $31,400 by today and would have stacked right around 2.2561 BTC, which truly is not a bad place to be for the amount invested, and which also shows that a person who is also able to throw in some extra cash here and there along the way, would have had done even better.. so for example a person doing $100 per week DCA, but maybe who might have lump sum bought in the beginning and perhaps lump sum bought a few times each of the years may well could have had been able to double the quantity of BTC accumulated
We should be able to recognize and appreciate that stacking through DCA takes a quite a bit of time to build up the stack, yet many times normies ONLY have so much of a budget to work with and they just need to do the best that they can with the cashflow that they have at their disposal.
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Thank goodness that you considered Bitcoin when it was $100, it was even better for some people as they purchased the asset at $32 or lower, you can imagine how much these people have gained already, it's just insane, they are the true lucky ones.
Since you are so smart EarnOnVictor, you would have had been trading it the whole time, and really screwed up your profits, whether you had bought below $32..
Practically speaking most people take time to get into a bitcoin position, so we cannot presume that they just bought one lump sum, even though a lot screwed up by trading rather than continuing to buy and mostly holding.
But at about $60,000, if we are sincere with ourselves, can the gains be like before? Certainly not. The price is already high and so is the liquidity needed to push it higher in multiple folds, and where the liquidity will come from is what I do not know, let's be realistic.
People have always thought bitcoin was overly priced and not able to go up as much as previously, and sure there is truth to the claim, but there is still a lot of upside potential in bitcoin, even if the multiples (and magnitudes) cannot be as great as they had been previously, but they are still sufficiently good and bitcoin remains amongst the best if not the best investment currently available. Bitcoin is about 1/15th the market cap of gold and bitcoin is likely around 1,000x or more more valuable than gold, and so even though it could take 50-200 years or more for the price matters to play out, we should still be able to recognize and appreciate something in the ballpark of 15k times price appreciation for bitcoin.. and yeah gold could lose value too in the process...so those relative prices based on market cap would not be just based on bitcoin going up relative to gold.
I regretfully copied the majority on keeping my Bitcoin endlessly but I've stopped that having realised my wrong and now face the reality of the Bitcoin market.
Wow... You used to be a HODLer and accumulator but you turned into a trader. How long did you practice HODLing and accumulating? A year? or some other amount of time within your seemingly vast bitcoin experiences?
No doubt, Bitcoin is a progressive market but it will take time before achieving the huge price that many believe it will hit. It will take as long as decades at times.
That's true, and there are no guarantees, either.
The asset is now in the mainstream of the financial market where banks and huge institutions are interested, this alone will force Bitcoin to behave maturely unlike when the unknown faces called whales are almost completely in charge.
In spite of your claims, bitcoin is far from being a mature asset merely because some financial folks on wallstreet are starting to market and pump bitcoin. You are diluted if you believe bitcoin to have had come even close to becoming a mature asset.
Going forward, to profit in your Bitcoin needs smart investment, just let your trading chart and the global economic realities guide you.
Trading is a sure way for folks to lose money out of being greedy rather than just going along with whatever price appreciation that bitcoin brings through the smarter and even less complicated buy and hold techniques.
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......So my guy, as long as we are still in the early days of Bitcoin, it's still very good to buy Bitcoin now , regardless of it current price, because it has the potential of going up to 1M dollar, 15 years time from now.
Of course, we cannot know how long it will take for bitcoin to reach $1 million, and there are no guarantees either, yet I doubt that it is going to take 15 years for bitcoin to reach supra $1 million prices, yet I am really into looking at the 200-WMA (which are considered bottom prices), and I have some projections that the 200 WMA crosses over $1 million in about late 2041 (which is 17 years from now). My non-updated version
in the fuck you status chart shows $1 million 200-WMA being reached in mid 2043.