Post
Topic
Board Bitcoin Discussion
Re: Who says it's too late to buy Bitcoin?
by
JayJuanGee
on 07/03/2025, 17:42:57 UTC
Of course. Bitcoin isn't even worth $1m (USD) yet. So there's plenty of time to get in before the "big pump". Even cash (coins and paper money) and plastic cards (credit/debit cards) are still a thing. Once we get past that, adoption for digital payments (particularly CBDCs and crypto) will rise. Only then, it will be late to get into Bitcoin.
You are repeating your wrong idea about sometime in the future it being too late to get into bitcoin, which truly is not true.

If you are a no coiner, then it is never too late to get into bitcoin, and if you are a low coiner, then by definition, you do not have enough coin.. so you have to get more.
If you determined that you have enough bitcoin, then sure, you might be correct, but you might be mistakenly believing that you are not a low coiner, when you in fact are a low coiner... and so if you are a low coiner, then you need more coins, even if you wrongly concluded that you are not.

Right now, an overwhelming majority of the world's population is either no coiners (probably close to 99% of the world's population), and then some additional folks who have bitcoins, yet perhaps most of the coiners are actually low coiners who don't realize that they are low coiners...so they are not continuing to work to get more bitcoin, as they should be.
Well from what I understand about the concept of demand and supply as regards to bitcoin, it explains that even after all blocks have been successfully mined and after more persons have come to realization of the importance and have adopted bitcoin, the scarcity as per limited supply would still act as a catalyst to the price increase. Miners would still make profits off transactions fees, and investors would still experience pumps. People like to see bitcoin as digital gold so let's take gold as a case study. Irrespective of the fact that other currencies that have good value has been discovered yet gold still remains one of the most valuable assets in the world because of its limited supply. Even till date, people buy gold and make profit from it likewise bitcoin. There is always a second chance to buy and make profits from the market most especially before all blocks have been mined. And unlike gold bitcoin  is digital and can be easily accessible by anyone anywhere, just imagine a scenario where more than half of the world population adopts bitcoin, that's a massive pump right? But that is not happening  today or even the next 1 year because of some governmental factors. That implies that there are still lot of opportunities for those late investor to make profit from bitcoin.

Bitcoin is even more scarce than gold.

Furthermore, bitcoin likely beats gold in almost all of the other monetary properties including but not limited to verifiability, transportability, divisibility, and abilities to use and hold without as many third-party costs.

No, in my opinion you should not invest with debt. Because it may happen that you have invested with loan and failure to repay the loan can affect your investment. So you set a budget from each month's income and invest according to that budget on a weekly or monthly basis using the DCA method. You don't need to take a loan to buy a dip, if you invest in the DCA method you can buy bitcoins at more or less average prices. We should not rush to invest, we should plan long-term investment. To be successful in bitcoin you need to continue investing in long term DCA method, if you can continue DCA for long 8-10 years then no need to borrow, you will be able to buy dip if you continue DCA.
You are right that there is no need to use debt to buy bitcoin, yet there was nothing wrong with the way that Grace333 mentioned  the use of debt to be something that the debtor is able to service outside of the performance of the investment.  Accordingly, the use of debt is a more advance technique that is not necessary in bitcoin, yet each person can decide for himself if he is in a position to utilize debt as a way to front load his bitcoin investment, with a realization that debt has risk, bet carries additional costs and that he is able to service the debt outside of his investment (in this case investment into bitcoin).
Michael Saylor who is considered a prominent bitcoin enthusiasts with all his wealth still makes effort to borrow and buy more bitcoin. As long as its within your risk management strategy its fine.

The use of debt is a more advanced way of accumulating bitcoin, which can cause losses that would not otherwise happen, yet sure, I agree with you, individuals can figure out their competencies, their risk tolerance and their risk management practices in order to make those kinds of determinations regarding both wether they use debt and then if so how to structure the debt to account for their personal circumstances.