People tend to be reluctant to either figure out bitcoin and/or to take appropriate actions, and no one wants to invest at the top of prices, which since many folks do not understand bitcoin, they are likely to come to the first impression that they are too late, even if there is something valuable in bitcoin, they tend to feel they are too late.. which causes additional gravitation towards shitcoins and/or other inferior assets and/or investments, to the extent that they are even ready, willing and able to invest in anything.
anyone who truly understand bitcoin will be knowledgeable enough to know that no time is too late to start investing in bitcoin,
Yeah, but.
None of us really know bitcoin with any kind of level of certainty.
Some of us might know aspects of bitcoin's fundamentals and why we consider that bitcoin is likely a paradigm shifting invention (discovery) that affects so many ways that value is communicated and/or stored - especially since prior to bitcoin, there were difficulties in transporting and/or storing value in digital format - since there was almost no way to assure the integrity of the digital information so that it might not be copied.
Not only did bitcoin solve the copying matter, it also had a bit of a headstart to build itself up as the accepted protocol, which would mean that any competitor would have to be at least 10x better for a switch over.. and so in that sense, bitcoin is at least 10x better than its money competitors such as gold and/or the dollar (and other fiat). .. so as a new protocol value is likely to continue to flow into bitcoin even if it might take 50-200 years for the various adjustments to take place.
We need not recognize and/or understand bitcoin's value proposition beyond consider that there are "odds that bitcoin could go up," so then we just make some chosen allocation to bitcoin based on "odds that it could go up," and perhaps the more confident that we are (or the more able that we are to be aggressive within our own discretionary income), then we may well choose to invest more than another person who is less confident and/or less willing to be aggressive in his bitcoin allocation (investment of time, energy and/or value).
because bitcoin is a store of value with potential returns. if your mindset is long term holding, less say 5 to 10 years or longer you can even start to invest in bitcoin today using the DCA method to accumulate bitcoin, and hold and you will still be in massive profits if only you can accumulate a good portion of bitcoin and hold for long term.
Sure, there is nothing wrong with having a bitcoin accumulation period that is at least a whole cycle and perhaps even 4-10 years or longer and then to see how such focused accumulation of bitcoin ends up playing out, whether you choose to be aggressive or whimpy in your level of focus on bitcoin... and surely DCA is a good way to attempt to tailor ongoing bitcoin accumulation to your own sentiment and financial particulars including your discretionary income and the strength of your cashflow management.
As for those folks who have seen something valuable in bitcoin and still feel that it's too late to start investing bitcoin, and choose to invest in shitcoins, well it's their choice everybody has the right to invest in what ever they feel is best for them. But all i can say for now is that those folks who feel that it's too late to invest in bitcoin after they seen value in it and choose to invest in shitcoins should have a rethink don't let the current price of bitcoin deceive you into investing wrongly.
Surely we would likely need to question a person's understanding of bitcoin as compared with shitcoins if he is lured into shitcoins, and yeah, some folks might have some unfortunate circumstances that causes them to gravitate towards shitcoin and perhaps to take longer to begin to better understand how bitcoin is distinguishable from shitcoins.
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Now Shitcoins are compared to gambling, they cannot survive in the market for long, if one invests in shitcoins one has to be prepared to lose. Those who choose Bitcoin today will laugh in the future and those who choose Shitcoins will cry in the future, that's the reality.
Surely part of the justification for limiting investment into shitcoins even if a person might be persuaded towards investing into them or having difficulties controlling their tendency to want to gamble.. based on likely incomplete knowledge that some shitcoins have more room to pump and ideas that bitcoin has already run up a lot... . so it can sometimes be difficult for individuals who are persuaded by shitcoin talking points to limit their exposure to shitcoins and concentrate most efforts on building their bitcoin holdings over years and years.