It is not Too Late to Buy Bitcoin
One of the things we hear from our audience on a regular basis, is the question, “Is it too late to buy bitcoin”? We hear this question in several different forms such as
I wish I got into bitcoin sooner
I don’t want to buy bitcoin now, its too high
It doesn’t look like its going anywhere, bitcoin is too low
This post is intended to address these questions directly. If you’ve found yourself having these questions, then perhaps a longer form discussion on this topic is right for you. Our job as educators and exports in the cryptocurrency space is to put these questions in perspective. Tune into episode 25 of the podcast, where this topic is discussed in depth.
The Internet is Young
What we encourage people to do, is to recognize that we are in the early stages of the digital revolution. The entire planet is undergoing rapid changes to digitally connect each and every human being. The foundations of the internet were laid in the 1960’s and 1970’s, and it wasn’t until the 1990’s that the internet was commercialized. Asking whether or not it is too late to invest in bitcoin, is like asking whether or not it is too late to invest in the internet in 1990. The commercialized internet is still just 30 years old, and internet mega companies continue to spawn, and rise rapidly (TikTok for example). Let’s now put bitcoin in perspective.
Bitcoin is Just Getting Started
Bitcoin began on January 3, 2009. That means that Bitcoin is just 11 years old. When people ask whether or not it is too late to invest in bitcoin, they are simply not looking at the invention of bitcoin on a long enough time horizon. The internet, and thus, Bitcoin is not going anywhere anytime soon. The price of bitcoin has plenty of room to expand, as only 1% of the world population is using, or invested in bitcoin. The reality of the situation is that bitcoin, and yes, the internet is just getting started. In the grand scheme of things, the internet, and the digital paradigm we are living in is young.
The Internet of Money
One way to think about Bitcoin, is as the internet of value. When the internet was invented, it was a completely novel, and revolutionary way for people to trade, transfer, and share information. Bitcoin is the internet of money, allowing people to trade, transfer, and share value. A summation of this phenominon is encapsulated in the following quote.
What the internet did to information, Bitcoin is doing to money
This helps people contextualize the impact, and the scope of the changes that are right now taking place around the world. Although we have achieved the ability to collaborate and communication with anyone around the world, it is still not so simple to allocate money to achieve higher order goals. The internet of money (Bitcoin) is ready to change this. Right now, there are massive restrictions on the free movement of capital around the world. This greatly hinders the ability for economies thrive, and people to get the support they need.
When the internet was invented, ordinary people all around the world gained access to a wealth of information, now, the people are gaining access to wealth itself. — Keegan Francis, Go Full Crypto
This all starts with Bitcoin. It is the lifeblood of the internet of money. Not only that, it stands to change the way people save, spend, and transact. with one another on a fundamental level. Right now, (October 2020) we are undergoing frustrating, but necessary expansions in government debt, resulting in massive inflation of our respective government currencies. With governments openly acknowledging that they have no intent on slowing money production, it only makes sense that populations aware of the impact of inflation will flock to assets that are immune to inflation; Bitcoin.
The Irony is that You are Still Early
One narrative that I’ve personally lived with several of my family, close friends, and acquaintances is the following. When the price of bitcoin is too high they’ve “missed out”. When the price of bitcoin is lower, “Bitcoin has died” and is no longer worth investing in. Again, it is important to contextualize what bitcoin is in the grand scheme of things. Bitcoin is the internet of money. We are in the VERY early stages of the development of bitcoin as a technology, and an asset (or money). What most people don’t realize, is that if they invest in Bitcoin right now (October 2020), they’re still EARLY. They will still be earlier than 99% of the planet. So while people are beating themselves up for not investing in bitcoin in 2012, they are missing the bigger picture of having invested in bitcoin in 2020. What is your retirement plan? What is your ability to save for the future right now? Are you saving in cash (an ever decreasing in value asset), or are you buying assets to retain your wealth over time?
What is your Crypto Strategy?
Here at Go Full Crypto, we get it. Getting started with saving for your future is hard. It is even harder to adopt a brand new savings technology like Bitcoin. This process doesn’t need to be hard though. We’ve helped countless people realize their own potential to take charge of their finances and save for their future in a meaningful way. We do this by crafting a Crypto Strategy that is unique to your needs, lifestyle, and goals for the future. After the transformation, you will feel empowered knowing that you’re saving for the future in the best way the world has to offer.
Listen To The Episode
Ready. Set. Go Full Crypto.
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