Don't bother talking about a lot of long-winded things, let's go, the journey is still good, there's nothing wrong with investing in it, except for those who are pessimistic and full of doubt.
This question is common in this space , if it's too late to invest in bitcoin, I won't blame anyone though most people don't know about the potential in Bitcoin, Bitcoin is not just an asset is an asset that's tends to keep increasing in value, now Bitcoin haven't gotten close to its peak at all is still got alot of rooms for growth it may only takes time ( nothing good comes that easy ) , so the best thing to do is to position yourself by accumulating and holding bitcoin , you can even start with DCAing if you are scared of buying at the top with lump-sum, you spread your pitching using DCAing.
Part of the reason that the question continued to come up is that bitcoin continues to go up and reach all time high after all time high, so no one wants to buy at the top, and so they are thinking that bitcoin has to be like a normal asset that goes up and then comes back down, so their ideas of bubble does not work, and after seeing bubble after bubble after bubble, perhaps sooner or later normies should catch on that they need to get in rather than waiting around.. but they don't get in and they keep witnessing the same thing over and over and over, and everyone believes they are too late at the time that they get in.. until they study the space for a while and then end up coming to the conclusion that we are not too late... we are still early.
Anyhow, you are correct I_Anime.. too late is a repeated and continuing to repeat theme and it will continue to repeat in the future, and perhaps 10 years from now, several of us will be continuing to say that it is not too late. and maybe in 10 years we might have more adoption.. perhaps 10% to 20% adoption? Perhaps higher? but still, an overwhelming majority of newbies are still likely going to continue to conclude that they are too late.
You are making so much sense sir,
Many will continue to have that mindset of too late which is very wrong. Bitcoin is the most appreciated asset of all time in the history of cripto currency.
Bitcoin is not just one part of crypto currency and happening to be amazing, but instead, bitcoin invented the category. Bitcoin created the innovation of digital scarcity to figure out both how to establish and verify digital scarcity, but also to create internal incentives that reinforces the inabilities to cheat the system of verification, so even if bitcoin is being attacked, there are incentives to reinforce that bitcoin is the only one with solid grounds, so the various other categories of crypto are merely either dependent on bitcoin's security and/or they are engaged in various forms of affinity scams in which they try to present themselves as similar to bitcoin or better than bitcoin, but they are not really adding any meaningful value on foundational levels, and if they happen to provide some innovations on the outer levels then bitcoin can just absorb those improvements either at the base level or a second or third layer.
Even if some of us might recall that at various points when that scam token (ethereum) was being pumped and there was talk about the flippening of bitcoin, some of those nutjobs were trying to proclaim that they were going to be the base layer and bitcoin would be built on them, which is nearly retarded, but also reasons (justifications) that there scam tokens (bitcoin imitations) like Wrapped BTC.. and any of us who might recognize that there is no way to get more decentralization on any coin unless its foundation is built upon decentralization, so bitcoin is the most decentralized and the most decentralized that any second layer can get is upon whatever layer it is built.
So we are likely going to continue to have various coins and projects trying to proclaim their better qualities than bitcoin or to suggest that they can be a base layer, but none of them, so far are even close to as decentralized as bitcoin, so it seems that inevitably all value is going to continue to gravitate into bitcoin as the base layer, even if various second and third layers can still simultaneously exist.
Similar dynamics are going on with various fiat systems that are less efficient and less sound than bitcoin, so if value is being stored in various kinds of assets or properties, then it is likely that the monetary value aspects of those assets will continue to flow into bitcoin, since bitcoin is more efficient as a kind of sound money that is portable, verifiable, divisible, scarce, able to be transacted directly without third parties (a kind of efficiency), and other monetary properties.
Most people's who fail to buy bitcoin back then when the prize was not has high as this are the same people procastinating bitcoin investment to be too late, however they fail to understand that instead of bitcoin to fall in value, it will continues to skyrocket to it's peaks.
A piece of advice to all bitcoin investors : get rid of that thought of "too late to invest" from your mind, keep on buying bitcoin in large portion as you can because the fate of bitcoin to humanity is too great to be left out.
Yep. We cannot go back to yesterday, and we can ONLY act from today, so even if it would have had been better to buy bitcoin yesterday, each of us has to figure out from today, and surely the guys who continuously work on stacking their bitcoin from today and stop dwelling on yesterday are quite likely going to be much better off from their decision to build their BTC holdings, especially since it can also take a long time for the overwhelming majority of normies to build an investment portfolio (including bitcoin).. it can take 4-10 years or longer just to build a decent bitcoin stash, except for the less common folks who are able to frontload their investment into bitcoin, and even folks who front load their investment (reallocate) into bitcoin, it can still take them several months to a year or longer, depending on how liquid are the investments/assets/currencies upon which they are reallocating from.
The price of bitcoin going South or North shouldn't be your concern but focus on stacking more sats, because bitcoin future is very bright.
Bitcoin's future potential is very bright. Regarding the red or green market, it is a common and common thing. The most important thing is to understand what we are buying, in this case of course BTC.
If we correlate the current conditions, the opportunity to get a cheap price, it is still wide open if we want to accumulate and one more thing we need to know is that the current market has not reached the peak of the cycle and the room for BTC to rise is still quite high.
You sound like a trader. Hopefully you have enough coin, especially since you have been registered here since mid-2017.
To my own suggestion I believe is still very early to buy Bitcoin, because there are some type of coin that will want to compete with Bitcoin even if it is not now but in the future.
So Bitcoin would not like to give up or let those coin to pump up more than them. For example like Pi, if they want to list Pi on Exchange they will give it a good listing price so they compete with Bitcoin
There is no coin even close to competing with bitcoin, so if some dumbass new project is claiming to compete with bitcoin, it is most likely some kind of a pump and dump affinity scam with little to no value, including the shitcoin you mentioned. Your getting distracted by shitcoins (as a newbie) shows that you probably don't even understand bitcoin, and you are likely failing/refusing to focus on bitcoin and stack bitcoin instead of delaying.