Is being late in Bitcoin a matter of perspective?

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Over the course of about 12 years, Bitcoin (BTC) has grown from being a little-known experience in trading as an entirely new asset class recognized by the mainstream financial world. During this time, the price of a Bitcoin rose from less than $ 1 to $ 60,000 at its peak. People bought the asset at different times along the way, with some users making large profits from the rise in Bitcoin prices. Given that Bitcoin is now trading for tens of thousands of dollars per coin, is it too late to take advantage of the entry into BTC now? A crypto trader on Twitter thinks so.

Tbh, I don’t care what bitcoin does anymore, Moon Overlord said in a tweet on March 15, 2021. We’ve done it before, they said, adding: And yes, it’s too late for it. buy is $ 50-60,000 for ONE, time to look elsewhere if you are new or have little to invest.

People had months to stock up on BTC for less than $ 0.10 per coin in 2010, according to BraveNewCoins Bitcoin Liquid Index (BLX) on TradingView. The difficulty in buying Bitcoin so early, however, was that the asset had much less advertising and buying ramps available than it does today.

Even in 2015, however, there were plenty of opportunities to buy BTC for less than $ 330 a coin, which would generate significant profits if sold at today’s prices. Although Bitcoin had already racked up huge percentage gains at $ 330 per coin, a unit of the asset was still affordable compared to prices above $ 50,000.

“It’s not too late just DCA”

It’s too late, let’s stop the bullshit. You will never do “the average cost in dollars” when it is $ 55,000 FOR ONE.

When $ btc was sure of a few thousand, this strategy was much more solid, but it is not anymore.

BIG DOG (@MoonOverlord) March 15, 2021

DCA refers to the average cost in dollars. For more on DCA read: Warren Buffett Praises Mid Cost Dollar Stocks But Does It Work For Bitcoin?

It’s too late to magically get rich in bitcoin, face it, Moon Overlord said in a separate tweet, adding: Are you a Fortune 500 company or a country / nation? Then this is probably still OK for you.

In 2021, on the r / Bitcoin subreddit, Reddit user u / DocumentingBitcoin posted a 2010 statement from user ichi, in which the user expressed the feeling that they had missed out on Bitcoin. I only have 600 bitcoins, practically all of them generated last week, ichi explained on July 25, 2010. I missed the bus, the user said, followed by a sad-faced emoji.

Bitcoin price as of the original release date of 2010 ranged from $ 0.05 to $ 0.06 per coin, according to daily candles July 24-26, 2010 on the BLX chart on TradingView.

Some participants in the crypto industry speculated that the value of Bitcoins would price significantly higher than its all-time high of nearly $ 65,000, with some even believing that $ 1,000,000 per BTC is not. out of the question. A more noticeable rise means more potential profit for BTC, although those percentage gains may be lower than some of the profit percentages seen in some altcoins in 2020 and 2021.

Yearn.finance (YFI), for example, rose more than 5,000% in price in 2020. Certainly investing or trading in crypto assets less well known than BTC can carry a greater risk of loss due to failure. project potential, asset price drops and regulatory changes, among others.

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