Topic: 6 real-life lessons I learnt from Bitcoin (No 6 will amaze you👇) (Read 320 times)

Patience, Time and a good level of secrecy are all good tools to being a successful business man.
One needs to bridle his overture so as to let his results speak for him than exposing his plans when the results have yet been made.

As for time, it's a good asset for value, in other words, time is a determinant of value for anything and Bitcoin as the OP rightly said is one of such thing that have gained such value with time when compared to some 20 years ago.

Moreso, every bitcoin holder should learn the art of patience, it's a good veritable tool in this business irrespective of your knowledge about cryptocurrency you just won't go far in success with lack of patience.

This seems like a good advice that is applicable in life too and not that really common to some people but once you practice this you will live peacefully while having some investment that no one knows it's just only you. Thanks to the community for supporting the innovative invention of Satoshi it did make the market alive after some time. Lucky people who are first investors and we call them now as the whale.

There can be situations when location is a barrier that can't be bypassed. Like, for example, you live in a country that is heavily sanctioned, and lots of opportunities are closed to you, no matter how hard you try.

This is a dangerous "lesson", because it can lead you to investing in very questionable assets, just because you think that they may repeat the growth of Bitcoin. This is exactly what scammers are hoping you to think.

As for time, time alone doesn't guarantee that an asset will grow. It can also lose value with time, like it often happens with altcoins on a scale of 3-7 years.

Not just in bitcoin, but even in all aspects of investments, patience will always be of highly importance. You can't just go investing and becomes impatient when your investments are not meeting your expectations, that will only lead you for more future losses. Same with bitcoin, those who exert more effort to become patient most of the time, will always seen being successful in the end. Although long term hodling is less risky than trading, but you can't be successful in it if you don't have enough patience to hold.

I will like to add a point and this is pointing to newbies the most.

Do not look at 0.00001BTC is a shit value of BTC, the more BTC is growing the more these Satoshis will become bigger in value so every little drop of BTC is worth it, if you can't invest 50$ always remember that every 0.5$ sat per day can still get you there.

Yes, I agree with this because everyone has their own secret and doesn't want to tell it to other people, even those closest to them. But since bitcoin is an asset that we can leave for the people closest to us, we can share it with them. But before the time comes, we don't need to tell them in detail but just explain as necessary. And we can also teach this to those closest to us that if it is bitcoin, we should keep it to ourselves and not tell anyone else.

All these are purely based from your experiences OP so no need to doubt about it. While these have become a common knowledge for most of us especially for those who have stay longer in the market, but still thank you OP as these information will create a very huge positive impact on part of the newbies, even to those who failed to realized these even if they have been here in the market for years. I think the only secret way to succeed in crypto is to always focus on the positive things, failures may exist but they are not solid enough to break us, so move on forward and keep learning.

Being patient i think is the best virtue applicable in crypto. As there are no guaranteed success along the way, one should always be patient to wait for the right timing to be profitable. Otherwise, he will end up being impatient and panic sell all his coins just to cover up his losses. And if there are those who failed to stay patient, but those who remain patient most of the time are likely proclaim the winners in the end. The market is always unpredictable, so we should extend our patience as long as we can.

Keeping your private keys is like keeping your lifetime secret as it will remain safe always if you leave it the way it is. After all the efforts and hardwork we endure just to come up with success and earn good amount of bitcoin, the first and last thing we should do is to be responsible with our own wallet by keeping it safe and secured at all times. And yeah, not your keys, not your coins, so always be careful not to disclose it even the best of your friends.

Well said, success does take time because nothing good comes easy as they Rome was not built in a day. Success come with hard work, consistent and patience.

But not everything is meant to be secret, because if something bad should happen to you then all the work you have put together will definitely go to weast. There must be someone you can definitely trust and give ur password to. Thanks for that.

What a wonderful list of experiences, though I know almost all of these about bitcoin, I've never thought of it in this dimension. Yes, staying anonymous could save someone from a lot of shits, in fact I've learnt that your plan should also stay anonymous (be within you), someone once said that if you have a plan and you share it with someone, your fear shouldn't be that the person could use your plans behind you (without your consent), there's one more disadvantage to this, once you share your plan with someone, you have a sense of fulfillment after speaking about it, this then in turn cause you to be less proactive about carrying out your plan, I've studied this over time about myself, and I've seen it happen to others too.

It might also happen to us that we move up the mountain and valley consecutively before we finally get to the climax of our glory, this also happens with bitcoin and other cryptocurrency. This means that success, though it finally comes, it takes time as one of my favorite quote says "nothing worthwhile ever come easily". I can't analyse all the list, but they are educating and we should learn from them.

secret is very essential.
it is not only about the phrase that we have or other personal data. but also about the information that we own Bitcoin. No need to post moreover in social nedia or story that we own Bitcoin and others. because if we keep silent, it may be better for all elements both in online or offline real world fot the sake of security

just be careful and never trust anyone easily

I had my chances as well but all in the name of survival I have to sell my coins and tokens and I never regret it, now things are better and I am able to hold coins in peace, one thing I've learnt is always use only what you can afford for crypto investment and make sure you have other source of income ( job or business ).

Well, I have also some lessons that I've learned from bitcoin. And the main lesson I've learned is being patient pays off. I know that all of us became patient and held for a long time.
That's why those that have made profit when bitcoin hits the last ATH, they're the ones who have been the most patient. I also made a profit but I've sold earlier but still, I can say that I've became patient and still made it.

Very true Sir, As Bitcoin is freedom forever, late King Martin Luther would have become a better Bitcoiner as he supports freedom.
Also having a good plan and strategy without actions, drive and determination will take one nowhere.

Also another thing I have come to observe is that most Bitcoiner's are grateful, how? Can trace back to the year 2020, should be early March.... Wasn't much aware about Bitcoin then, It was my brother who feed the fam with what you had from Crypto Currencies and a Bitcoin which he did traded during the pandemic before they started sharing paletive.
I was very happy I and my family ate from that money, it's my own way to say using Bitcoin/ Cryptocurrencies has made me/us grateful for we had food to eat then.

To succeed in Bitcoin and crypto market, you must have a right approach. To get this, you must think deeply about yourself, about your personal traits and consider what are your strongest and weakest characteristics from which you can choose a good approach for yourself.

Let's prepare for loss before you can get profit
Let's have your solid plan to hodl your Bitcoin. If you can't hodl, you can't get rich
Don't trade if you even can not get profit by holding
Don't sell all of Bitcoin you have and you should reserve 10% of your Bitcoin for future Moon, at $1M, $2M, whatever moon price.

CryptoHeadlineNews, you presented this in a very interesting way 
We are all different and each of us has learned a different lesson from bitcoin.
For me personally, bitcoin is the path to financial freedom.
However, over time I realized that the path to success is not to leave everything to chance or happiness but we must have a good plan and strategy.
For a good plan and strategy you need to have some knowledge and experience and in the end you need to set a goal and have a clear exit strategy.
Bitcoin and cryptocurrencies provide a lot of opportunities, but only for those who know how to take advantage of those opportunities. 

Did you not quite understand the connection between point 1 and anonymity?  But if you rephrase it a little differently, then yes, money loves silence. You should not tell everyone that you are investing in bitcoin. And, in this case, the moment of an increase in the price of bitcoin may be explosive. For example, you tell friends and foes that you have a certain amount of bitcoin. And now it suddenly rises, and those who know that you have become richer may be tempted to play not quite friendly tricks towards you.

And also, when talking about bitcoin, and attracting your friends to it, never be zealous and tell all the minuses and pluses. Otherwise, when investing their funds, your friends will expect a profit, but the price will fall, and now you will be to blame for not talking about such things.

This is not quite correct.
Going up alone does not guarantee the next step (coming down). If that were true then bitcoin price should have never gone past the $0.01 price ever because by this logic whenever it went up it should have come down again!
The correct statement is depending on why and how it went up it could come back down. For example a shitcoin that is pumped is going up and that guarantees 100% that the dump comes and price of that pumped shitcoin comes down.
But for another example last year bitcoin went from $10k to $30k and it never went back down below it.

I wonder how you deal with exchange rates and the extra fees they entail.

As long as this "opportunity" is real and not some fake shitcoin advertisement telling you to buy it because it is "bitcoin 2.0".

Number 6 is not something everyone and everybody here should do if you are a supporter and investor of Cryptocurrency you've read and heard it thousands of times before not your key, not your coins this is the first thing that investors should learn and he should keep it in his heart, it's not that you can't trust others but you are a bank and you have to keep your coins safe all the time and keeping that secret is the only key.

That's a common knowledge that everyone know where wallet credentials should be kept secret no matter the cost as it is vital in keeping your crypro safe and sound and also needed to access your wallet whenever you would do transactions like sending bitcoin to friends if ever they want to buy or sell Bitcoin to you or trading for example. About the bitcoin wallet being kept secret is when you still don't want your next of kin to owm it when something happens bad to you or a person pass away.

Nice write Op, can I contribute to your article?

Vitalik Buterin and Gavin Wood are known and are co-founders of Ethereum, so when Eth fell from $4,000 to $2,000 what really happened to them?
If though Satoshi is not anonymous, he could also not single handedly make chances in bitcoin without the approval of majority of the community. Though staying anonymous is the best option for Satoshi.
But what I'm arriving at is that even some ponzi scheme founders still walk around after their scheme crash, so nobody would have demanded for Satoshi's head.

Well, I cannot confidently say that bitcoin was rejected at its early stage. Every technology suffers at the initial stage before they could gain popularity and adoption. You should have not expected everyone to jump into bitcoin by 2009. If that is your expectation, it can be good you go buy about 2000 altcoins to value the opportunity, because we don't know tomorrow.

Not all success takes time, not all failure happens fast.

I hope if you are no more, your next of kin can find your seed phrase.

Thank you.

Preamble

We are all familiar with Bitcoin and know how it works, so within my 3years of experience with Bitcoin, I have learned a lot, so I thought I should come to share with you guys some of the real-life experiences I have learned from Bitcoin, and they are;



REAL-LIFE LESSONS FROM BITCOIN

1. Staying anonymous keeps you safe.

2. What goes up must surely come down.

3. Location can never be a barrier.

4. The rejected can be someday valued.

5. Success takes time.

6. Some things are meant to be kept secret.



DETAILS....👇👇👇


1. STAYING ANONYMOUS KEEPS YOU SAFE:

Because just as the father and founder of Bitcoin "Satoshi Nakamoto" made himself anonymous far back in 2009 till date, his followers should follow suit, because life itself is as unpredictable that things sometimes may not go as planned, so staying anonymous keeps you safe when the unexpected happens.
(e.g March 2021, when the price of Bitcoin fell from $60k to $30k and people were crying over their lost funds, so tell me, had it been anybody knew who Satoshi was, what do you think would have happened to him?).



2. WHAT GOES UP MUST SURELY COME DOWN:

Because just as the price of Bitcoin doesn't remain stable, but goes up and down, so does every situation in life goes up and down too, because nobody knows the next few hours, as a poor man, today can be rich tomorrow. So always try to be good to everyone because tomorrow is pregnant.



3. LOCATION CAN NEVER BE A BARRIER:

Because I could remember far back when sending money to family and friends across borders was seen as something impossible or expensive, through the use of middlemen who charges high, but bitcoin came and saved us the stress and time breaking the barrier of location.



4. THE REJECTED CAN BE SOMEDAY VALUED:

Because I am sure far back in 2010, there must have been people who knew about Bitcoin mining but because they never saw the immediate value in it back then, neglected it and today are regretting it. So it's always good to value every little opportunity that comes your way because nobody knows tomorrow.



5. SUCCESS TAKES TIME:

Because success always comes to those who are diligent and consistent in whatever they do, because we all know that BTC started with a value from $0.0000001 to $0.1 and $1 and now $45,000 gradually within a period of 13years, Which means that to succeed in life it takes time and consistency.


6. SOME THINGS ARE MEANT TO BE KEPT SECRET:

Because when you create a new Bitcoin wallet, there are always these 12 words called "key phrase" that pops up on the screen, and it will be boldly written, "Keep secret, don't share this with anybody". Which means that there are certain things in life that you don't need to share with anybody, but to keep a secret between you and your God.


So, Thank you... 🙏🙏✍