It would just depend on how you are going to look at it, I mean we all know that where kinda late in Bitcoin
Nope.
We all don't know that we are late.
What we know is that over the years, BTC's price went up.
We were obviously kinda late, and we know that we were late but I guess it's just difficult to accept that, so we all just believed that we were not late and still bought Bitcoin.
Even though you can say that market prices have continued to go up in the past years until now, but it wasn't guaranteed that it's going to continue in that direction. The market price just depends on supply and demand it doesnt have some kind of asset that is going to back it up so at the end of the day it is just speculation.
So probably we are all just Bitcoin believers.
but still the potential of Bitcoin is still huge if your gonna look at it at different perspective you could easily say that its not too late to invest on it simce it might even reach a million dollars in the future.
Now you are saying the opposite and acknowledging bitcoin's upside potential (probability) from here, and if I grilled you on the topic, then you would likely admit that the chances of bitcoin's prices going up are pretty high, especially for someone with a 4-10 year time horizon or longer.
Let's say that a person is around 35 years old, and he has an income of right around $35k per year. In the past 10 years, he had been saving around 15% of his income, so he has a pretty decently-sized savings of $50k, and he had always been concerned about the safety of his savings, and so he never wanted to put it at too much risk. He figured out a way to invest into some kind of a money market account that was largely able to provide him interest of right around 3% to 5% per year in the past 10 years, and he figures that he would keep earning that rate into the future if he continues to keep his money there, and he figures that the interest has caused some growth in his invested amount, but he still perceives that his investing and holding of his money in that account is not really keeping up in purchasing power.. but maybe at most, he is just losing slightly in real terms, even though in nominal terms he feels slightly below break even.
He heard about bitcoin as a potential alternative to his current investment situation, and he completely trusts you Asuspawer09.. He tells you that he wants to continue to save around 15% of his income, which today, he considers that to be $100 per week, and so he wants you to tell him what he should do with his money that he has already invested for the next 10-15 years (there would be no fees to move it). Are you going to recommend bitcoin to him, or are you going to suggest that he stays with what he has? Describe with some specific plan what you suggest that he does, and sure if you are having difficulties imagining giving advice to someone else, then act as if you were the guy in that exact situation, yet you have the same level of knowledge about bitcoin as you have today. Is Bitcoin part of your plan forward for the next 10-15 years and with the financial situation that I outlined?
I feel that I could pretty much outline a plan for him, but what about you? Let's presume that he does not have any other investments, he has a sufficient emergency fund and other back up funds to cover around 3-6 months of his expenses, and he otherwise has decently strong cashflow management practices. What are you going to tell the guy? When push comes to shove: Bitcoin or no? Bitcoin is overpriced or no? We are too late to bitcoin or no?
Edited my post.