I see people writing: “So late in, it’s not really that lucrative anymore “. So I’m asking you: When Bitcoin hits 1million or more, does it really matter wether you bought at 10k or 100k
I thought I “missed the boat” when I got in in 2014. People thought it was all over with because it would “never be above $1k again”.
faith_healer69 on
I think you’re misunderstanding the mentality. You’re correct that it’s going to keep going up, but what these people actually mean is “I used to be able to buy a whole bitcoin for 30c and now I can’t”
Moon-Hodler174 on
If Bitcoin ever hits $1M, the difference between buying at $10k vs $100k still matters in percentage terms, but it doesn’t change the bigger picture. A 10x or even 5x on something that actually holds value long-term is still meaningful for most people. “Too late” usually just means not an overnight lottery anymore.
yuiawta on
It matters a lot, yes.
Wang_King8 on
Yes a 10x vs a 100x is not a huge difference and doesn’t matter…..
dsetarno on
This discussion is a big load of speculative bollocks frankly. Noone knows for sure that’s it ever reaching 500k let alone 1 million. Values are on their ass despite the rise in institutional adoption and the next big crash will wash away whatever gains we make till then. Don’t get me wrong, I see the merits in BTC but envisaging anything like the numbers quoted above is wishing apon a star.
geromeo on
Well yes 10k or 100k is 1000% on return difference at $1m. But between 80-120k is far less important
Civil_Force_8245 on
Not only are we still early.
But people view bitcoin and its future in a static political environment where things remain as they are but do not consider a future where the mentality of the new generations becomes even more zero sum and of course collectivist. A future where the preservation of one’s wealth makes bitcoin a necessity.
8 Comments
I thought I “missed the boat” when I got in in 2014. People thought it was all over with because it would “never be above $1k again”.
I think you’re misunderstanding the mentality. You’re correct that it’s going to keep going up, but what these people actually mean is “I used to be able to buy a whole bitcoin for 30c and now I can’t”
If Bitcoin ever hits $1M, the difference between buying at $10k vs $100k still matters in percentage terms, but it doesn’t change the bigger picture. A 10x or even 5x on something that actually holds value long-term is still meaningful for most people. “Too late” usually just means not an overnight lottery anymore.
It matters a lot, yes.
Yes a 10x vs a 100x is not a huge difference and doesn’t matter…..
This discussion is a big load of speculative bollocks frankly. Noone knows for sure that’s it ever reaching 500k let alone 1 million. Values are on their ass despite the rise in institutional adoption and the next big crash will wash away whatever gains we make till then. Don’t get me wrong, I see the merits in BTC but envisaging anything like the numbers quoted above is wishing apon a star.
Well yes 10k or 100k is 1000% on return difference at $1m. But between 80-120k is far less important
Not only are we still early.
But people view bitcoin and its future in a static political environment where things remain as they are but do not consider a future where the mentality of the new generations becomes even more zero sum and of course collectivist. A future where the preservation of one’s wealth makes bitcoin a necessity.