Topic: Did Bitcoin Ruin Your Life, Or Help Your Life? - page 20. (Read 21438 times)

of course it helped me a lot, and not only economically, but it helped me to learn, how corrupt is the whole fiat system, and how it should be removed altogether and replaced with a decentralized system like bitcoin

also it helped me understand about cryptographic in general, i wasn't too much into it before bitcoin

You have a solution for your loss in your answers itself. However,

“A teachable spirit and a humbleness to admit your ignorance or your mistake will save you a lot of pain. However, if you're a person who knows it all, then you've got a lot of heavy-hearted experiences coming your way.” ― Ron Carpenter Jr.,

“Many times what we perceive as an error or failure is actually a gift. And eventually we find that lessons learned from that discouraging experience prove to be of great worth.” ― Richelle E. Goodrich.,

Has bitcoin ruined your life ? (The answer is No)

Has it made your life better ? (The answer is that I am still in the process of learning)

Ruined or helped?   Helped

I used MtGox but withdrew my funds months before the site started to experience problems.  Stayed away from obvious scams like PireateAt40.  Was a lucky BFL customer and got to use some Jalapenos before they became worthless.  Lost a bit in gambling.  Made some money investing at Just-Dice.  Sold out some coins far too early, sold some right at $1000 peak. 

I'm reluctant to trust any business with my bitcoins simply because it appears far too easy for them to say 'oops, hax, LOL!' and disappear with the funds.

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?