Topic: Bitcoin can change lives - page 9. (Read 1151 times)

I myself had sold it long time ago, being blinded with the small profit I made from those bitcoin I had, I made a really bad mistake. It's easy to say that "if I hold it until now" where we can't really predict that we are on this price point right now. If I know that bitcoin will appreciate up to it's current all time high, I would probably not sell it despite of the profit that I got before but yeah, it's something that a lot of us missed which is failing to realize what kind of feat does bitcoin can achieve. Move on and leave the regrets, it's the lesson I've learned from the years of being in the cryptocurrency space. For sure there are other opportunity out there.

Even you bought Bitcoin at $0.2 at that time, I'm sure you will sell it when the price reach to $1 because you think it's already 5x times from your capital, you've make some good amount profit. No one can believe at that time $0.2 will become $27K right now, that's why I'm not regret for not buy Bitcoin when the price is still less than a dollar. So if you think Bitcoin can do impossible thing in the future, you can stat to accumulating Bitcoin from now.

When someone talks about how much money they would have made if they had bought BTC back in 2010 or 2012. Only one thing came to my mind --> Don't rub salt in the wounds    Because sometimes I also have such thoughts about how and in what circumstances I would be aware of BTC. For example, few days ago I was watching this video --> https://www.youtube.com/watch?v=ejiqbzqmxSE which was uploaded 12 years ago. And I wished that, I would have watched this video back in 2011.

But at that time, there was no internet in my area, I was not aware of the internet and the new technologies going on in the world, even though I was around 13 years old at that time, I did not use a smartphone till I was around 16 years old. But I wished, if my elders would have used the internet and they would have seen this video and bought BTC then we might be rich. But as a religious person, our Islam tells us to not regret things that we did not get because there is a reason behind everything.

Now coming to the DCA strategy, I also liked this strategy, because I got my Signature payment every week and that works as my consistent investing in BTC on a weekly basis and For the past 3 months not a single week has passed in which I did not did DCA. And I am very glad that I am on this path and pray to Allah that he will bring sucess out of it.

Bitcoin has changed a lot of lives, and it has grown immensely. But not all change was positive. Some people invested in Bitcoin but locked themselves out of their wallets by accident; some held their BTC on centralized platforms that performed exit scams; but sold at a low price during bear markets.
Bitcoin isn't a guarantee that things will be great, and some simply think that it's too late to join the ride, as Bitcoin has already grown so much in the past and must be reaching the peak of its potential.

Sometimes I wonder how people only view investment in Bitcoin as a way to get rich without looking at other benefits that it comes with, Yes the possibility for Bitcoin to increase in price over time is there, But thinking that the price will perform what it did from 2010 when it was traded around 0.2 cents dowqn here at price of $27k and making investment base on that and hoping that Bitcoin will do same in the price in future, such mindset need to be changed because BTC may not attain such performance in again.

The majority of bitcoiners use the DCA strategy. It has been extensively discussed and it is one of the most effective, convenient, and stress-free ways of accumulating bitcoin. There are others though. In the first quarter those who used this strategy effectively will have their bitcoin assets double.

He obviously got his math wrong. Forgive him. The point he is trying to make is that anyone who invests in bitcoin will have their investment double or triple in many years to come. That is the idea.

Bitcoin could literally change life of a person, but only if the person doesn't have the knowledge and experience, of course that potential and benefits would be useless. Plus people could be wealthy in many ways not only to Bitcoin, it can't changed someone's life without the person's action and initiative. It would still depends on their mindset cause you know Bitcoin's benefits still you choose to laze around and go with the flow. But I don't argue with that, cause some people are really knowledgeable in many ways so they might have other options which they think is much suitable for them. For example building a business, investing into Bitcoin and crypto industry might be complicated, but other investment is complicated as well that could give you the wealth everyone's goal.

Your life is yours to decide, bitcoin or any other asset will not decide for you. It is just one of many other tools you can use to change your life. Don't abuse or rely on it just because it has a history of millions of percent growth and has made many people rich through early investments. Bitcoin has potential but also has unpredictable risks, so invest in bitcoin with a clear head, don't be too ignorant or blind and have the illusion that it will be able to change your life. You are the only one who can change your life, don't entrust it to anyone.

That was very different era though, I mean bitcoin was just on it's infancy and so the price is just less than a dollar, we don't know what the future brings that time. So there could be investors who buy a lot of bitcoins and then totally forget about it and then later they have a stash and try to recover. Some of them might be successful, but I guess the majority is not.

DCA is a good strategy, but you have to be mentally tough as well. Because it's a hard and grind approach, every week or every month you have to put aside money. And you might be tempted to see the price growing and think that it's better to sell and take that profit. So it's not that easy to DCA, but its very effective if you have gotten over the phase of not selling even if the price is going up, maybe except when we are the bull run.

The question is: would you be holding those coins until now or would you have sold it a long time ago, once you made some profit. Take note that so many people also lost their keys, were careless or were hacked, some of you just talk about investing and making money, like it is so uncomplicated, there are so many things that could also go wrong.

Stop it with threads about "how BTC changes lives", "how BTC makes your life bright", and all the other nonsense, i think in this section we ought to be dicussing more about BTC in itself as a censorship resistant and permissionless currency, not how it would make you wealthy in 2140.

Definitely thats drifted calculation based on what Bitcoin had in the past. Back then Bitcoin was completely new and peeps wanted to try out the new technology. Take the taste of it and see where they fit into it. With the time those who got interested and sticky around Bitcoin got their price tag after a decades of time. I would say it’s not a joke to stay patient for such long period of time. If they did then they got what they deserved to be honest.

Now what just mentioned above is not possible now. Everything is too congested. There is huge competition between the buys and sells. Everyone is having different DCA right now and we have come along very far now. It’s time for hard hunting. More patience this time, more time to be given for Bitcoin to rise in price.

One of the changes that I have found in Bitcoin is the ease of transactions and freedom of ownership without a third party as currency and freedom without restrictions if I use it for investment.
Bitcoin cannot change lives. Bitcoin can change the way people view the financial system.

People's mindset will determine what will be created. Owners of large companies are not afraid to hold onto bitcoins for years because they view bitcoins differently than people who view bitcoins as a means to get rich.
This solely depends on one's confidence in bitcoin when buying and selling.

Keep in mind the inflation too added to it the general misconceptions about crypto existing in the world at that time. You would not be buying so many bitcoins at that price even then.

I would say bitcoin has been an exceptionally good investment, putting in money back then with the risk on your head if the asset turns bad, needed guts for any common person.

At the same time, many people sold their bitcoins too when it became 10x of its original, thinking it would not go up anymore. They were not wrong in their decision making and the same can happen to anybody today.

Bitcoin can change someone's life, for better or worse. People's fate is different, behind the success stories, I am sure there are many sad stories that are not revealed by the media.


As far as I know, most people look at bitcoin by its price. Like it or not, but that's what happened. When I write in a Google search using the keyword "bitcoin" the search results display the price of bitcoin

Most people don't care about the features and concept of decentralization, for those who see Bitcoin as an investment, what matters is the price.

That's the best part of it where people doesn't know about on how far bitcoin could go but don't get fooled on your created comparison since what happen before and now is completely different. To many people doesn't know yet if bitcoin could go that far but since we have see a lot of events that bitcoin price could go up then it could possibly open the eyes of newbies that they should try it and try to decide on what they should do about what they learn about bitcoin. But they also make sure that they will not expect anything not possible since on bitcoin investment we need to know the realistic events and don't overlook on risky or uncontrolled situations, always learn when to take your profit since as of now this is the best way to earn on our bitcoin investment if that's what you mean here.



DCA is one of the best method so to know more about it better for newbie to test every situation so that they could test it for long term and see a best result on the investment decisions they do.

I'm getting fed up with these types of threads that, first of all, only focus on price. As if bitcoin is nothing more than something that goes up in price.


You could have done the same with Google or Apple shares, or even Lehman Brothers if you had sold just before the catastrophe. To look at the past and simply think that because the price of something has gone up a lot you would have become rich is very short-sighted.

As we have discussed many times on the forum, when the price was worth a few cents and went to $1 most people sold. Others bought at $1, the price went down and sold scared of losing everything because at that time the risk of Bitcoin going to 0 was much higher than now.


I would like to see people's eyes opened by the security of the blockchain, its decentralization, the possibility of privacy and other features that make bitcoin unique and much more than just a thing that goes up in price.


Yes that's all well and good, but that's the millionth time it's been said on the forum.

Bitcoin can help a person richer but can not bring wealth and prosperity to the person sustainably. Because to have sustainable wealth and prosperity, there are many things to do with your assets, capital management and risk management as well as how you spend your money after getting richer with Bitcoin.

Like star athletics who can earn massive money when they were young but after their career retirement, many of them have very bad finance. It is because they overspent in the past, maintained that bad spending habit and when they have less income after retirement, their finance will be at verge of nightmare.

Passion to learn basic, securing your wallet and bitcoin (don't use custodial wallet, online accounts for storing bitcoin), and using bitcoin for money transfer on Bitcoin blockchain are very good basic practice to love bitcoin more with time.

In the mean time, if we can hold our bitcoin, we can enjoy its value growth.

The bullish case for Bitcoin

Bitcoin can't change lives. A wealthy person isn't rich because their investment went 10x within a year. Their mindset is what defines their wealth. If your ideal life is to chill, go out for clubbing in the weekend, get high etc., then you're not going to be wealthy just because you happened to buy the dip. It requires to focus and acquire skill, and in my experience, it requires you to embrace responsibilities.

Bitcoin is good as long as you're working on what you love and doing it with passion.

Bitcoin indeed holds promise for the long-term timeframe, largely due to its demonstrated price increases each year. However, relying solely on history as a reference is not a completely foolproof strategy, as the future is not entirely dictated by the past. Despite Bitcoin's predicted annual price growth, there will undoubtedly be bearish moments that serve as a reminder of how volatile the market can be.

I acknowledge that Bitcoin has an impressive price history thus far, but ensuring Bitcoin's price next year is by no means an easy feat as long as price fluctuations remain relatively high.

The reason that made you sell at a price of 27,000 is the same reason that made you sell at a price of 30 dollars and you are a buyer at a price of 0.2 dollars, or 3000 dollars and you are a buyer at a price of 0.2 dollars.
I remember that I did not believe that the price of Bitcoin would reach 11 thousand dollars, and some of us had sold at that price at that time, so it is difficult to find an ordinary person who does not believe in how Bitcoin will develop or the need for it in the future. He will decide to keep Bitcoin at that price, and some of us may sell at The price is 100,000, and the price may reach 500,000 in the future.