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Ask HN: Is it too late to profit from Bitcoin?

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Re: Ask HN: Is it too late to profit from Bitcoin?

#12
post #6

is it too late to profit from [insert currency here]?

yes.

lol. on a more serious note, op's question is incomplete. i assume the question is: "is it too late to buy and hold btc for a profit?," which is what most of the answers here seem to be implying, but that's the not the only way to profit...

Re: Ask HN: Is it too late to profit from Bitcoin?

#14
post #3

I'm tempted to say yes, but then I thought it was too late at $1, $33, and $266.

Given the short albeit brief history, although there is no way for me to know for sure, I'd say it still has a lot of growth to go for a long time considering Bitcoin's market position or lack thereof. Meaning, its only the beginning.

Re: Ask HN: Is it too late to profit from Bitcoin?

#17
post #10

there is no such thing as "too late".. the only thing you should be deciding on, is how high/low will bitcoin be, end of next year. If you think the price per BTC will soar up to $2000, then was it too late to buy now? Absolutely no!

The upside is much lower though if it goes to 2K at this point. I think a bunch of us want to kick ourselves because the insane upside is gone. i.e. 100x. Those crazy returns were usually reserved for VCs :-p

I bought a small amount now. Total speculation. Not enough to ever make a difference to me. I guess I'm like an entrepreneur who got heavily diluted.

My total guess is that there is a lot of pent up demand right now. A lot of tech people have already got into it but a lot more "normals" will take time to figure out how to get into bitcoin. Again, my guess is that it could collapse once the last of the "normals" has gotten theirs. Some chance there will be a day trading platform come out of it. Some chance it will become a lot bigger ... global currency level big. Who knows?

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