I don't know what BTC will do, but this is a banality and mostly wrong in any way that's important.
"The number has gone up" for Google almost since it has gone public.
If you bought BTC at $1 and it went to $10 - is $10 too late? The number went up.
The hard part is it's hard to know the underlying value of things and a lot of value is socially determined by how others value something.
Why is gold traded as an expensive commodity? It has some tiny practical uses, but is that why the price fluctuates? People trade it because they think other people will trade it and use it as a store of value when other stuff is volatile.
Some people think BTC's scarcity guarantees provide a similar digital version of that. It's volatile now because it's still early and uncertain, but if that's true then BTC's price could be very high and it's hard to know if you're too late.
For other Non-BTC coins unlikely to get the same level of social buy-in their value is a lot more questionable imo. ETH has some real underlying applications (uniswap decentralized exchange, powering contracts, other tokens etc.). The privacy coins maybe can leverage that for a reason for people to use them. The others seem like even more fringe bets and more likely to be FOMO bubbles.
"The number has gone up" for Google almost since it has gone public.
If you bought BTC at $1 and it went to $10 - is $10 too late? The number went up.
The hard part is it's hard to know the underlying value of things and a lot of value is socially determined by how others value something.
Why is gold traded as an expensive commodity? It has some tiny practical uses, but is that why the price fluctuates? People trade it because they think other people will trade it and use it as a store of value when other stuff is volatile.
Some people think BTC's scarcity guarantees provide a similar digital version of that. It's volatile now because it's still early and uncertain, but if that's true then BTC's price could be very high and it's hard to know if you're too late.
For other Non-BTC coins unlikely to get the same level of social buy-in their value is a lot more questionable imo. ETH has some real underlying applications (uniswap decentralized exchange, powering contracts, other tokens etc.). The privacy coins maybe can leverage that for a reason for people to use them. The others seem like even more fringe bets and more likely to be FOMO bubbles.