Seven reasons that show that there is still an opportunity to buy Bitcoin

If you think it’s too late to buy and invest in Bitcoin and you’re left behind from the early investors, you’re probably wrong! The significant growth of Bitcoin, especially in 2021, which increased the price of this digital currency to the limit of 70,000 dollars, made many believe that it is too late to buy Bitcoin and they have lost the time to make big initial profits. However, one of the biggest fans of Bitcoin named Sylvain Saurel has another idea.

Sarel believes that if you buy Bitcoin for the first time now, you will still be among the first adopters of this financial technology and you will soon make a lot of profit. He to prove his claim in an article With the same name on the Medium website, he presents seven reasons that he believes show that Bitcoin and its fans are at the beginning of the path and there is still enough opportunity to make huge profits from this asset. You are reading the rest of this article by quoting Sylvain Sarrell, who talks about these seven signs and reasons.

Seven Signs You Can Still Be an Early Adopter

When a technological revolution is born and spreads around the world, it is best to be among the first adopters. Those users who adopt and apply this new technology before others will ultimately gain a significant advantage over other inhabitants of the planet.

Just imagine that in the late 1990s you were fully aware of the incredible potential of the Internet. Back then, you could make a huge investment in the stocks of major internet companies like Amazon or Google and now make a million dollar profit. Also, imagine that you would realize before others that social networks like Facebook are going to play an important role for most of the inhabitants of the planet. In that case, by investing in these companies, you will get a staggering profit. If you knew earlier than others how film distribution networks like Netflix are going to become the top film and series distribution networks in the second decade of the 21st century, you would probably be sitting on millions of dollars by now with a small investment on these networks.

You probably understood the gist of the story with these examples. If you can understand the technology that is going to change the world of tomorrow before others and more importantly roll up your sleeves to invest in this technology, you can change your future life. Bitcoin is like any of the examples above; But a hundred times more powerful; Because Bitcoin is not just a technological revolution; Rather, it is an incredible monetary revolution that gives you the opportunity to take back the power of your money. Bitcoin is an alternative to the current monetary and financial system, that’s all!

Read more: 6 principles of decentralized financial system that you should know

However, most of the world’s inhabitants need to understand the incredible benefits of the Bitcoin system. If you try to understand the why of Bitcoin now and decide to take action yourself, you will be an early adopter and reap all the rewards to come. In order to better explain my theory, I will mention seven main reasons and signs.

1. From 7.8 billion people on the planet are only 180 million Bitcoin users

According to the latest United Nations estimates, more than 7.8 billion people live on earth. It is enough to compare this number with 180 million users of the Bitcoin network at the time of publication of this article (September 1401). This means that, at best, only 2.4% of the world’s population currently owns Bitcoin. Now, among the 180 million people who own Bitcoin, how many people are familiar with the nature of Bitcoin and are willing to hoddle? Much less than this, be sure!

In other words, by buying Bitcoin today and trying to understand its nature, you can join the first line of adopters of this new technology. Once you gain enough trust in Bitcoin, you will be patient enough to take advantage of it in the future. Even if the world’s population continues to grow in the future, there will never be more than 21 million bitcoins available. This fact can be indicative of the value that Bitcoin can achieve in the coming years.

2. Ask people around you to explain Bitcoin to you

One of the best ways to find out how popular any new technology is, is to ask people what they think about it. Ask random people what Bitcoin is. Thus, you will be entertained by the answers you hear! You might be surprised that not even 1 in 10 people can tell you what Bitcoin is. Most people will repeat the illogical and negative reasons and arguments of the powerful and politicians of the current financial system. If you can find someone who will tell you that “Bitcoin is more about power than money”, you are in luck; Because you’ve probably found another early adopter like you.

3. Most businesses do not yet support Bitcoin payments

Bitcoin is a peer-to-peer cryptocurrency at the heart of a payment system that can replace the current system. However, very few business owners still support Bitcoin as a payment method. Although business adoption has been on the rise recently, we are still far from mass adoption.

The mass adoption of Bitcoin as a payment method for everyday payments is achieved through the adoption of the Lightning Network. Lightning network is a second layer solution whose acceptance has accelerated since the beginning of 2021 and the increase in the number of active payment channels is proof of this claim.

After most physical and web business owners accept and support Bitcoin payments, you will realize that it is too late for early adoption. Be aware that this may happen much faster than some people think.

Read more: Best Bitcoin Lightning Wallets

4. The mainstream media generally covers the negative side of Bitcoin

With the fall of the Bitcoin market, the mainstream media soon made headlines about the bear market and continuously criticized Bitcoin. These media know that these headlines are attractive to readers; Therefore, they abuse them to increase their readership. Most of the media’s coverage of Bitcoin is generally negative and from every aspect they intend to attack and destroy this amazing monetary revolution. The headlines that we often see in the media are similar to these:

• Bitcoin is an environmental disaster.
• Bitcoin is a scam.
• Only criminals use Bitcoin.
• Bitcoin is technologically obsolete.

That’s enough; But the list goes on and on. You yourself have faced such headlines many times in the public media. This frequent repetition of clichés can show that journalists have been neglecting their main task for a long time and are content with repeating propositions that have been proven to be false for a long time. You often come across such headlines when the innovative technology is still in the early adoption phase. As the price of Bitcoin increases in the future and its user base grows, you can see how the tables will turn.

5. The Lightning Network is still unknown to most Bitcoin users

The Lightning Network is the future of Bitcoin for everyday payments. This second layer technology enables fast payment with low fees. In this case, you can consider the Bitcoin blockchain as a central bank, where Lightning network payment channels perform the work of users similar to local banks, and finally, they check and exchange their status and balance with the central bank from time to time.

Unfortunately, the Lightning network is still largely unknown; Therefore, many people who criticize Bitcoin as not suitable for daily small payments, do not know about the Lightning network and its operation. In fact, the Lightning Network is a solution to the problem of public acceptance of Bitcoin in the future. As the adoption of this technology increases, more users will become familiar with the Lightning Network.

6. The user experience is still in its infancy

I, the author, Sylvain Sarrell, as a developer of the Bitcoin user experience, don’t think too badly. From my perspective as a developer, a lot of progress has been made since the advent of Bitcoin. However, I have to put myself in the place of people who are normal users of this network and are not experts. If they say that Bitcoin is complicated for them, you should think about the user experience. The goal is for Bitcoin to become widely accepted.

For this purpose, it is better to refrain from expressing technical and complex details to the general public, so as not to create the wrong impression that in order to use Bitcoin, we must understand difficult concepts such as cryptographic hash functions or public and private keys. The average Bitcoin user doesn’t need to deal with these complexities, just as Internet users don’t know anything about web page technology and still use it.

Just like the Internet in the late 1990s, if you’re going to be an early adopter of Bitcoin, this is your best chance. Looking at the Internet adoption graph, we find that the number of current Bitcoin users is equal to the number of Internet users in the late 1990s. If you just compare the graph of the growth of Internet users with the current position of Bitcoin, you can understand more about the amazing growth that awaits Bitcoin.

Just consider the next achievements of the Internet; Although at the same time, many people said that the Internet fever will die down soon or that the technology is too complicated. Doesn’t this remind you of some of the criticisms that are often leveled at Bitcoin?

7. Bitcoin price volatility is still very high

Bitcoin is the only truly free market in the world. Bitcoin can be traded at any hour of the day and throughout the year, and users are always scrambling to find the best price to buy or sell. One point is clear here: Bitcoin price volatility is a feature of the asset, not a flaw.

Many investors who enter the Bitcoin market from traditional markets can hardly cope with these fluctuations; Because they are not used to it. In traditional stock markets, prices are manipulated with some sort of circuit breaker to stop trading if they rise or fall too much.

Bitcoin’s volatility seems reasonable for such a young asset. From my point of view, as the market value of Bitcoin increases, its volatility will also decrease. We are still far from reducing volatility; But in the next 20 years, Bitcoin’s volatility will probably be much less. At that time, no one can join the first line of adopters; Because the price of Bitcoin will reach more than one million dollars.

TotalTheclassification

In this article, Sylvain Sarrell, an investor and ardent Bitcoin fan, lists seven reasons to prove that it’s not too late to join the early adopters of Bitcoin’s financial technology. The number of 180 million Bitcoin users compared to the world’s population of 7.8 billion people, little general understanding of Bitcoin, lack of widespread acceptance among businesses, negative media coverage, little familiarity with the Lightning network, poor user experience, and extreme market fluctuations of this digital currency were the seven reasons that Sarel explained one by one.

In the conclusion of his interesting article, Sarl writes: “In the face of the incredible Bitcoin revolution, you can adopt two attitudes: either resist unnecessarily and waste your time, or realize that you need to adopt a different way of thinking and get with this revolution as quickly as possible. Join to be among the people who will benefit the most.”

If you join the Bitcoin revolution today, you can be among the first adopters. Thus, you will be among those users who will receive the most rewards in the future; Just as the early adopters of the Internet today benefit greatly from their choice of the late 1990s.