First off is their anything like late entry in Bitcoin investment, I think the answer is no, yea people might have made the mistake of not investing in Bitcoin when they are supposed to buy that doesn't stop them from investing anytime what matters now is their ability not to keep waiting and wondering about, even though Bitcoin price touches down to $200k as you said those that couldn't by then may still want to buy because they now understand better that what they are actually looking at is not the immediate price rather it is the future that matters, at any point in time, anyone can actually invest, if those that couldn't invest at a low price keep giving themselves excuses, them just know that they weren't actually ready to invest but as for someone that has learnt his or her lesson I think there's nothing anyone will tell him to deter him from investing in Bitcoin even when the price is high.
When bitcoin touches $200k, $2 million and/or even $20 million and higher, anyone who happens to be a no coiner or a low coiner at that time, has no choice, except to buy bitcoin in order to prepare for up and to save their value in something that holds or appreciates in value... otherwise they are not prepared for up... so yeah, it is too bad if they had not actually prepared earlier.. but that is likely the way that we are going to continue to go in regards to bitcoin.. with the low coiners and no coiners continuing to have to buy at higher and higher prices in order to change their status into being an actual coiner, which it likely where many folks are going to need/want to be, at some point, sooner or later, especially if they want to build and/or preserve wealth rather than having to always be working to get money and their savings not sufficiently holding value.
This leads to me asking this question, do you ever thing bitcoin can rise so high that it will hit $20m in the future, whats the guarantee and how can one be so confident that bitcoin will not loose before it rise so high? i also have this believe as a matter of time, bitcoin will soon get a competitor that can be able to compete with it which can give people an alternative to go for the coin instead. just like the bitcoin became an alternative to the fiat. the fiat was what we knew for ages before the coming of bitcoin, I am scared a time will come bitcoin will lose its value once it has a very strong competitor.
i know what I'm saying is not what will happen now or in the nearest future (maybe after the people of our era cease to exist, I don't know) but there will come a time when bitcoin will no longer be relevant or so highly valued, are experts already looking at that future and what are the alternatives?
Currently, I don't think that any coin can pop up in future that will take over dominance from bitcoin because bitcoin has already achieved a milestone that no digital currency have achieved one-tenth of it. Don't forget that it's because of the problem that bitcoin is solving that is leading to its adoption due to her decentralized nature and censorship resistance. After bitcoin was created every other coin that was created after bitcoin was unable have that uniqueness of bitcoin because they are centralized and the dev created these shitcoins to scam people from their hard earned money through pump and dump.
Any new coin created will not be able to have the marketcap of bitcoin, talk more of to be in competition with bitcoin. I feel that you don't understand much about bitcoin and shitcoins. It's only if bitcoin network fails that bitcoin will not take over other asset that are leading bitcoin currently in marketcap. Don't you see that government, big institutions and companies are buying bitcoin because it has been tested and confirmed to be a good asset and a store of value overtime. Has any asset in the same line with gold taken over gold in price and value since history NO.
Wake up from your dream of bitcoin reaching $20M and give a realistic price. If it happens that bitcoin will reach $20 million in future which no one's knows, you will be with your ancestors by them. Talk of $1m first.