I got your point and talking about the importance of preparedness it doesn't only limited to crypto investment it is a general notification that should not be ignored whenever we are entering in to a new environment that we have zero experience, there is no house that is built without a foundation and at point some the quality of your foundation will determine how solid the house will be, it is essential and most imperative to make the necessary information and basic knowledge of whatever we want to do including the potential risks and benefits which of course will go along way for an informed decision, the advantages of being ready can not be overly emphasis.

How well are they doing? Are they traders or HODlers? This is something people are still getting wrong about cryptocurrencies. They believe once you are into crypto, money will just be coming to you from nowhere like magic. Crypto doesn't print you money, it's your own money that works for you. Your friends and age mate doing well for themselves are literally financial balance than you and making good use of their money. If you don't have money to invest in the first place, joining early won't make you do well financially.


Information is rampant now and also easier to get compared to olden days. People in this space earlier have limited access to information and knowledge about cryptocurrencies. Although some of them are not interested to seek knowledge about it but ready to make money from it and end up in scammers hand. Majority that joined earlier think this space is like a ponzi scheme or money doubling platforms where you get double of your initial investment as soon as possible.

Sadly, even with the abundant knowledge available at our palms now, people still have a misleading belief about this space. However, I would rather say; it's not about being early neither about being ready but about being knowledgeable.

Yes, but the fact still remains, that even if you weren't ready, buying $10 worth of bitcoin in 2011 (which would be few hundred BTC back then) is much easier than being ready today, hahaha.
so in that example, being early really does outweight the "being ready part". I know few people who to this days don't know shit about crypto, but they bought few BTC back then and now are enjoying them

Well theres lot of bitcoin whose early hasnt prepared as well and dont have any idea what will happened so they just dont mind and after few years waking up their asset is now worth a lot already. This is something an early user would definitely dreamt experiencing.

In the web3 world being early means a lot either you are not ready for the info or what. So theres some things being early will always be advantage at some point.

Being early on its own is entirely without usefulness. Many people saw Bitcoin early, but dismissed it because they were not ready. Plenty of those people still post bad things about Bitcoin because they refuse to admit just how badly wrong they have been. Further as we are seeing now with altcoins, plenty of people are going to get a hard lesson of being early in a shitcoin does not make you a winner. They were not ready for Bitcoin, so they went the shitcoin route instead.

Most of web3 is complete marketing garbage though. It brings very little real benefits.

Almost all newbies go through this. I call it "buying experience and knowledge".

So it's your friends' fault for not doing their due diligence on the coin, not for being early.

That's what I'm talking about, that everyone goes through this "test", which only a few manage to avoid. I'm sure that almost everyone has 1-2 shitcoins from "dead projects" in their wallet.

Correct thinking can't be formed in any other way.

But the problem is that the above is formed only with the acquisition of experience, which is impossible without "unsuccessful investments". Rarely does anyone turn out to be so lucky as to avoid this.

I don't know if you are referring to early investment in altcoins or in Bitcoin. Early investment in Bitcoin yield better profits than investing today, we all wish we had the opportunity of buying Bitcoin when it was very low as of worth in cents instead of today when the price is worth $100K, being early comes in two ways: for altcoins investment nobody knows the worth until the market pumps while Bitcoin investment is something we know to do better in each interval of four years. Buying Bitcoin today is far better than buying with the same amount in the next four years.

I feel identified myself with this topic. I started my crypto-journey several years ago, but times has proven that I wasn't prepared for the opportunity Bitcoin was offering to me. I think that my biggest mistake was that I didn't have a clear plan or a definitive goal. But I agree that it is never too late for a new beginning, and we must learn from our mistakes. "What if"s are good for sci-fi, but in real life its better to keep your feet on the ground.

Bitcoin can be too much risky, so if you invest without knowing the basic knowledge and comprehension, you will only increase the amount of risk, thus leading you to a bigger risk and inevitable losses as well. Much better if you enter bitcoin investment with good amount of preparation, so that you can assess yourself if you are that ready enough, or you are just there to satisfy your personal greed which I think would be the biggest mistake when it comes to bitcoin.

Don’t just prepare for the future losses and profits, but most importantly, prepare yourself to combat the risks. If you can successfully do that, rest assured you will hit your goals with bitcoin much easier.

Sometimes all that you need is just to start, I remember way back when I first encountered Bitcoin, I was thinking that the coin was already too expensive for me to buy, and for that I wanted to give up, but as time goes on, I picked the courage to start accumulating but by bit and before I know it, I have own a lot and still going.


No time is too early or too late, all that you need is to just start along with the it and keep being focused on the goal which is steady accumulation to build a good portfolio.