I’ve heard the old saying of “you’re wasting your time investing in Bitcoin with so little, you’ve missed the boat” for years now.
I remember hearing people say 2 Bitcoin would never be enough to do anything for one’s life. That’s worth $92 Thousand Dollars right now, and people are now dreaming of having even just 1 Bitcoin. I remember them saying 0.28 Bitcoin would never buy anyone anything substantial too, and that’s $12.97k right now.
The point is most of the people you will ask about Bitcoin will always underestimate Bitcoin, at least until it becomes truly mainstream in an understanding-it sense.
The fact that you see 99% of the people in the world today that are aware of it are still doubting it, is a clear sign of how early we still are.
Once you start seeing most of the people you know start to say that it’s not too late, then you’ll know you’re no longer in early. But it still won’t mean that you’re too late then either.
Sure, you won’t get the gains that you’ll get today when 99% of the world still doesn’t understand it and doubts its potential, and only 1% of them do. 1% who understand its potential after tens of thousands of hours of research into it, and years of experience riding its price waves as it spread and grew to become understood by even more people who are starting to understand it today after having some time in the market to experience it, growing that percentage of the population who will understand it exponentially faster given time to learn about and experience it. Each expanding the exponential factor of its reach for the next cycle.
The adoption numbers reflect how early we still are too. Today, only around 114 million people are estimated to be Bitcoin HODLers from the data available now.
- That’s less than 1.5% of the 7.674 billion human population of earth today.
- 3.8 billion of which today already have smart phones.
- 1.7 billion of which are unbanked, of which, 1.02 billion already have a smart phone.
More than 98% of the world has yet to adopt Bitcoin, and 99% of the population still doesn’t understand it, yet already close to another 1% of that 99% of them are already Bitcoin-curious people who have Bitcoin, but yet are still to have the ten thousand hours of research and years of experience needed to get to properly understand it.
“You’re early in an asset when 1% of the population understands it, and 99% still don’t.” – Michael Saylor
Like Amazon in 2004 when it was fluctuating up to over 50%+ during its 4-year charts, going from prices like $59 dollars per share to $26 dollars per share within a 4-year time frame.
It was “only a bookstore” people said, “they only have small knickknacks” they later said. “They can’t ever grow into anything life-changing, so it’s not worth it to buy any Amazon shares,” they said. “It was just a dot come bubble; it will eventually get replaced by Walmart,” they said.
Today it is worth $3.2k. Over 100x gains had you dollar cost averaged small amounts then and ignored the uneducated F.U.D(Fear, Uncertainty, and Doubt).
You know who knew differently and didn’t avoid it, or panic sell it because of the uneducated speculation of F.U.D from the 99% of the population’s uneducated opinions on Amazon’s stock? It was those who understood its fundamentals like Michael Saylor.
Those like him knew that what Amazon could grow to was beyond anything that they could imagine or comprehend then. They knew the value of the markets it was adapting to and changing, and the value that it was generating and adding to the markets with the changes it brought to them, evolving the markets it went after and making them more valuable with its improvements to them in their processes that cut out middlemen and storefront building lease payments that were passed on to the customer’s product’s costs. Those guys are among the richest people in the world today.
So next time you see FUD on Bitcoin from 99% of the population around you, remember that is a clear sign that you’re still early.
When they all start saying what I’m saying, then you’ll know that you’ll no longer be in early like those who are in and starting to get in today. Luckily, we have plenty of time before the other 99% of the population comprehends it. Because understanding it doesn’t just mean buying it and holding it for a few months or a short year or two. Nope, it means studying it rigorously and experiencing its ride for multiple cycles. Only then does one understand why to DCA and HODL Bitcoin, with no matter how small an amount they can afford to responsibly put away at any given time.
Even $5 dollars a week can change lives in this space. Hell, if all the Bitcoiners who haven’t been wrong in the last 12 years somehow manage to be wrong, then all you’d lose is $5 dollars anytime you can spare it. $5 dollars you’d spend any week on Starbucks, fast food, or any other number of things.
But if we’re right, and now is in fact still early with the data we’ve seen and studied for tens of thousands of hours over the years that are indicating that the 199% averaged out yearly growth will still continue, then those $5 dollars a week can one day buy you a house only a decade(ten years) from now. A house you won’t be indebted to and work all your life to pay off.
If the 99% of the population are wrong and you listen to their uneducated speculation and don’t dollar cost average purchase any Bitcoin responsibly, then you’ll still spend the $5 dollars a week on any number of non-essential items, but on top of that, you’ll be out of a house. Again. Again, because had you done that for the last 10 years when .0001% of the world understood or used Bitcoin, then you’d already have your house. Multiple houses in fact.
Author Profile:
Fausto P.
Social Media Marketer, Trend Analyst, & Content Manager by day, and a Bitcoin and Cryptocurrency Saver and Miner by night. I’ve been studying Bitcoin for 5 years now, and with that came tens of thousands of hours of research into understanding it and its long term market growth trajectory. As someone who grew up in an underprivileged area to immigrant parents who came to our country with nothing, in an area where most people live paycheck to paycheck until they die. I eventually understood what Bitcoin would do for those like me who grew up for a life destined to work until we died. So now, I write about Bitcoin and the Cryptocurrency space every chance I get. Always trying to reach those like me, who without Bitcoin, would be destined for a life of work without ever being able to save enough money to live a life of financial dignity and decency.
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