I get this question quite a bit, from family, friends & random people at parties. You will probably be asked this at some point during your Thanksgiving Holiday. In fact, a Google search for “Is it too late to invest in Bitcoin?” reveals 1,990,000 different search items. (Read also: Evolution of Cryptocurrency: What is Cryptocurrency?)
Asking if it is too late to invest in Cryptos is like asking,
Is it too late to invest in XYZ [Facebook, Classic Cars, Art, Augmented Reality, Diamonds, Airline Loyalty Points]?
You don’t hear questions like these today, so why are we asking if it is too late to invest in Cryptos?
The question itself is amusing once you start putting things into perspective and compare it to other investments people make. What some people want to know is if they can make a quick $Millions by getting in the game right now. If you are looking for a gamble, I can’t help you. But if you are actually curious about the space, read on.
Still, some people ask this question, because, at the end of the day, they do not believe Cryptos & Bitcoin are here to stay. This is another misconception…