Topic: How do you feel when you look at your first Bitcoin wallet? - page 3. (Read 1055 times)

I feel motivated, I guess. The fact that I didn't have enough Bitcoin when I started in crypto, and seeing others accumulate a good number of Bitcoins in their wallets, made me think that if they can do it, I can do it as well. I didn't start with my own money when I got my first Bitcoin; I did some online jobs and related activities to earn Bitcoin. During that time, Bitcoin was still very cheap, around $200 per piece, as far as I can recall, so it was within reach for me to acquire at least 1 BTC, even coming from my salary with my job. However, at that time, I wasn't yet entirely convinced about Bitcoin, and I took the less risky path, actually no risk at all, as I didn't spend any money to acquire Bitcoin.

As of now, I can say that I have a decent amount of Bitcoin, not huge like those held by whales, but at least I have something to call my own for my future retirement. We never know if Bitcoin could reach $100,000 or even $1 million per piece, which is possible, right? And if that were to happen, I would say to myself that HODLing is indeed real.

It's not just a conspiracy but it was a fact. We are not bothered with it though and even the banks right now are with us. They are now also into Bitcoin. There might still be other distractions and it is hard to permanently avoid them but we can still do something. Knowledge is important but I think there also other traits that we must adapt to help us to become more successful on the things that we are going to venture.

I don't understand on why is he still skeptical after acquiring a knowledge in Bitcoin. But maybe he still lacks in experience. This could be one of the things that I'm referring to earlier. Yes, not all price increases are long-lasting because we need to switch to the other cycle, but as long as we HODL a good crypto, we can increase again and next time will be better than the previous one.

The first time I heard about Bitcoin was at the early days of my life. I was naive I would say and so skeptical about the nature of the market ranging from its vulnerability and risks associated in the kinda of market as well as the high rate of scams in it. Investing in Bitcoin was like a two edged sword, I simply carrying the gamblers mindset, I invested little or nothing to it in order not to run deficit as a financial analyst. The skyrocket of the market was a boom, had a suit sayer told me it would, I wouldn't have believed.
Indeed the future is unpredictable, I never blamed myself for not investing much cos I have been scammed a couple of times.
You have every reason to be depressed, but looking at the past you can forecast that the future is bright, you just have to let by gone be by gone you're not on this alone. Chinua Achebe would say...... Those who have been oppressed as those who are often too willing to let by gone be by gone. Focus on the future, it's bright and has alot of package to unleash. Aloha 🕊️

Even if you can access it and review what you did in the past, there is no reason for you to feel remorse or guilt. Because no one knows what the future will be like and selling bitcoin at that time could also have helped you solve many problems in life. You should be proud that you did it instead of regretting it.

We need to remember that investing in bitcoin is about letting it serve us, improving our lives, not us serving it. So don't show regret for what you've done. Moreover, let's rejoice because those transactions of ours have fueled the development of bitcoin to what it is today. We should be proud that we were the first to use bitcoin.

I can feel you OP because I also realized the same thing. When looking at the transactions I made using cryptocurrency in the past, I paused for a moment and ask myself why I did some "squandering" by supporting worthless programs which I assumed then can give me some financial freedom but which turned out to be failed programs. I could have just saved my Bitcoin or Ethereum for that matter and be enjoying some profits today. I wish I got some futuristic power to see the coming things ahead avoiding the mistakes I made.

My first wallet was a throwaway paper wallet. That was in 2017. I can't remember using that wallet more than twice before I got rid of it because I didn't know how to restore it in case anything went wrong. I understand that feeling you shared here but mine wasn't that of depression. It was more of bewilderment for me. Bewilderment in the sense that I wondered what I did with all that Bitcoin that went through the second wallet I got which I used for quite a while. It was a Blockchain wallet. The few times I checked it and saw how big the figures in it were, I shuddered. The $40, $50 BTC there then had appreciated to $300 - $500. I know that's how today's price will also appreciate in the next few years to go and make many of us shudder.

My first wallet was a web wallet which I no longer have access to. It is easy not to feel much guilt about my past spending when I have no way of examining those details, although I’m sure I spent what would now be worth thousands on some really minor purchases.

I am really glad that web wallets have become mostly obsolete and people are choosing to custody their funds on their own devices.

Better decision to hold bitcoin if you check the first bitcoin wallet it feels really bad because if you didn't sell it then the price would have doubled. The mistakes made in the past should be learned from there and the present time should move forward. No currency has become as trusted as bitcoin in such a short time. That's why I will not give up now no matter which direction the market goes I will hold on to bitcoin. Although bitcoin is not yet recognized as a currency in many countries it is rapidly gaining popularity worldwide central banks of various countries have taken the initiative to formulate policies for the use of bitcoin financial institutions are turning to bitcoin as an asset.

I have a very similar experience like you when checking my first ever online wallet for bitcoins. There is only a small amount of coins left in it and I don't really use it anymore because of the low level of security, but I also don't want to give it up. Going through the wallet history since 2016 when I first started out with crypto currencies is depressing and a good lesson at the same time. Feeling sad about the missed out opportunities and what could have happened if I kept all the bitcoins from back then usually only last a few minutes. I need to force myself to think about something else and use the past as a lesson to learn from. I bought and sold quite a few CSGO skins with my bitcoins which lead to only a small profit of what could have happened if I kept all those coins until today. The main lesson I take away from that is to never ever again sell all my bitcoins. I will always keep some now to HoDL.

That guy who bought pizza at that time never thought that the price of Bitcoin would go like this. If we are able to ask that person again, he probably in regrets of spending that amount. For me, it was not a mistake to spend or sell our Bitcoin in the past, it is just about to happen because that is meant to be. It was not regretful because we still make a profit it unless we just throw it away. We sell them for some reasons and besides, holding it forever doesn't help the market to grow.

If it makes you feel any better, I did lose access to a wallet that contained all of my mined coins from a few months of mining in early 2011!
^{- I didn't expect it to have this kind of impact and success, so it was just for fun, hence having no backups (SMH).}

I just feel a little bit of nostalgia and I start to think about the stuff I used to do back then.
I also recall that since I used an open source and free wallet in my phone I made a small donation to the wallet developers as a gesture of thankfulness because I really liked how the software worked.

I still have it, I do not know why, I suppose it is because I have read it is not recommended to delete private keys which has been used before, just in case on needing to sign a message or something similar.

I can explain what people might feel after looking back at their first Bitcoin wallet. Seeing my first Bitcoin wallet may give me nostalgia, excitement and achievement altogether. Nostalgia for those early days when I ventured into the world of cryptocurrencies and found potential in it. Excitement because today it has massively appreciated in value. And feeling of achievement as the step that I took at that time by investing in Bitcoins indeed proved fruitful to me over a period of time.

Just look at the attitude of the person who bought the pizza to answer your question. Money in the crypto market is uncertain because you can suddenly become rich or poor from your investment only you should not feel the loss. I bought a lot of other coins a few years ago including bitcoin which would have made me rich now but i sold them at small profit. Actually it is better not to follow the past time of life and we should make a big dividend in future. However bitcoin may be $100k in the future so buy at the right time. We should be more active and always take risk with crypto because risk can give you big profits.

Yes, Bitcoin is a peer-to-peer payment network system that we, or people all over the world, can use to make it easier for themselves to send payments across the border. Because the Bitcoin system is the only way to send payments, it has been introduced. Secondly, no bank or financial institution is made a medium to send payment in the peer-to-peer network, as is the case in the traditional payment system, but it can be sent to everyone through peer-to-peer payment in a decentralized world. On time and with low fees all over the world. Apart from this, Bitcoin is not only used to improve the payment method, but it is also the best source for creating wealth. It depends on the person and how he adopts the strategy.

Every Bitcoin enthusiast has the same reaction: when he looks at his past, similarly, when I look at the transactions in my wallet, I feel grateful, but then I think that he is also a human being who admits his mistakes. No lesson is learned by forgetting. But anyway, now I don't just sell out Bitcoin like before, but buy it by personal saving, so that in the future, bitcoin will cross its ATH and my portfolio will grow from a million dollars to billions of dollars.

To be honest with you it would have been a large amount if kept till now, with the way BTC price is and the expected halving it would have been an amount that even you as the owner of that wallet won't believe you've done or saved such an amount.
Is really not easy, the question I'll ask is can you resist the temptations? With what you'd see can make you change your mind on not keeping it. So patience need to come with a chain to hold the mind on decisions we make when it comes to crypto business.

For sure, majority of us specially to those who had been dealing with Bitcoin or crypto space wayback on 2015+ or even more on which seeing their wallets and on how much they had made out in terms of incoming and outgoing transactions then it would really be something an amount that would be significant today. It would really be creating that kind of thinking that what if we do able to hold up those coins until today?
For sure you would really be thinking on the things that you might really have able to purchase or whatever you do have in mind if you do get a hold of those coins but well its already that done and past is past and there's nothing we can do since we do have priorities into those moments or days on which we would really be needing to cash out those coins and this would really be leading out spending those coins actively
which we dont have no choice and this is why its not really that good on keeping on looking back on what you had missed in the past but rather be focusing on what are the things that you are facing today.
We are already pretty away on what are those possible opportunities on which you could really make yourself that able to earn big but of course its not really that something a guarantee too which we know that
this market whether could shoot up even more or it would really be just that good on where we are now.

You are not alone. Seeing my first wallet transacting a whole BTC in just one transaction is simply amazing and somehow regrettable. I wonder if there are lucky people who revisited their first wallet just now and saw something that they can consider as "spare" bitcoin at that time. Not lucky for me given that I wiped my entire wallet up to 0 balance. I regret that I bought physical things before that has zero to no value in our current time, I would be rich if I didn't touch it for years.

The feeling is the same, sending Bitcoin here and there and at some point I just thought to myself that, what if I had kept it till this very moment how much would I be having at this point?
Well is never too late start up something. So OP you're not and never will you be alonein this kind of experience, never for ones feel depressed in any way.

It's crucial to remember that people's opinions on their Bitcoin wallet can change over time depending on their experiences and how the cryptocurrency market performs. The emotional reaction might also differ greatly from person to person.