Topic: How I got started with Bitcoin and how it is blessing for me? - page 2. (Read 527 times)

Yes sometimes the decision inevitably we have to make sales, yes because we return again, we need for the necessities of life at a certain time, such as marriage and others, and that is the usefulness of Bitcoin that he can feel, although sometimes there must be a little sorry, why sell all Bitcoin owned at that time.

But logically if he knows Bitcoin, he will know a lot of Altcoin projects after 2014, which I think he should be able to pursue Altcoin projects and the development of crypto in general that allows him to get more benefits other than Bitcoin itself, examples such as collecting more Many ETH from airdrops telegram and things like to benefit through telegram.

Honestly, I really hate people who always think they are right and like to criticize others when we have never been in their situation. I dare say that even if we invested in bitcoin in 2014 like the OP did, there is no guarantee that when bitcoin goes up 50% or 100%, we wouldn't sell them. The future is unpredictable and the risks of investing in bitcoin back then were much greater than they are now. So OP didn't make any mistake here and that's why many people invested early but they can't hold their bitcoins to date.

@Odohu, are you sure to keep your bitcoins for the next 10 years? Or when your profit is x2, x5, you will be able to sell immediately?

If one should have good knowledge and skills about bitcoin and it is better to invest with thought and time before investing then bitcoin is definitely a boon for all investors. Bull markets and bear markets must stay in one place regardless. To be a good investor you need to develop good habits if you wish to invest and wish not to invest this kind of attitude should be avoided as there is more risk involved here. A good investor never stays away from investing always wanders between investments it becomes very easy for them to make profit. Regardless of the market condition it is better to wait patiently until the actual profit is realized. The market is not fixed and always changes so it is better to hold for long term and wait.

@Odohu would you have held your Bitcoin since 2014 if you are OP? I think you are judging him without knowing how his life was at the time, you have no idea what people are going through, it's not worth holding Bitcoin when you are in profit and you are suffering, to survive selling can be the only option you have left, never ever compare your life to others because the way life treats some aren't the same for other people.

I don't advice people to hold Bitcoin as if it's their only chance of making it to heaven, if you held since 2014 it is still big risk, you could have died in 2015 or 2016 and everything won't matter today, the best advice I love giving people about investment is that they should get a job and invest only what you can afford to lose in Bitcoin, nothing is guaranteed with humans, not all that celebrated December 2022 are here today, why must someone held on when life is a mess for them?

Bitcoin have done something great for me, I am able to use it financially when I want, after I made some gains from Bitcoin I took profits and use that on my agriculture business, yes I sold part of my land to buy bitcoin because I see it's potential, but Bitcoin is just like every other valuable things of life, we won't take them with us when our time is up on this earth.

You've known Bitcoin too early, Unfortunately, you weren't able to invest during that time. But you are still fortunate to finally understand and invest in Bitcoin in 2017. Being able to make a profit and using it on your needs.

This is what newbies should know. Some people think that it's already too late to invest in Bitcoin due to the price is too expensive for a normal person to afford. Without knowing that as long as you understand how Bitcoin works and when is the right time to invest your money, in the long run, the invested money will still earn a profit.

Enjoying the results we have gotten from the investments we have made, I think is a natural thing for everyone who has invested or traded with Bitcoin and also everyone has different financial conditions from others, so if there are people who have to sell early Bitcoin before they make a profit, of course they don't prepare funds for other needs first, so they have to sell the assets they own to be able to meet the needs they need.

In my opinion, taking profits is never wrong and as long as we are satisfied with the profits we have then we have the right to sell bitcoins at any time. But what I see is that many people like to criticize others when they sell their bitcoins . They do not notice that each person's situation will be different, not everyone has the same situation. I believe that no one wants to sell bitcoin too early but for their livelihood, they need to do it. Furthermore , they sell when they make a profit and will buy back when the price corrects, which also gives them a larger profit, so there is nothing wrong with that. We should stop criticizing those who are selling bitcoin because we are not them.

Life is not the same for everyone, and things don't always work the same way for every individual, which means, that if you can manage to just sell a portion of your holdings even if it's need-based, that is only possible if you don't need more money than what you got after selling that portion so that you can keep holding the remaining assets, or even if you need more than that, you can manage to get some money from somewhere else so that you don't sell all your assets.

But, if someone has no other way of getting money and the only way they can get enough money to do what they need to do is by selling all their Bitcoins, they won't have a choice but to go ahead and sell them which is probably what OP did. So, things are not always the same for everyone and that is the reason why your plan might not work for someone else.

Yes, I think a lot of people experienced the same thing.... they bought small amounts over a long period and then suddenly the price increased and they could sell for a huge profit.

I bought my first bitcoins when the Bitcoin price were +/- $300 and much to my surprise, the price went up to $1000 and then all the way up to $18000 and then down to $3000 and then again up to $40 000+ where I eventually sold for a massive profit. 

This was a huge boost for my financial status at the time and I managed to improve my living conditions drastically. 

You shared good information and experience. I appreciate your love for bitcoin and crypto currency.
Infact Bitcoin provides an opportunity to generate your and your family income. It also provides a chance to be rich. It requires labour and continuous struggle. No Doubt, It will fulfill your unfulfilled dreams.
I am also a beneficiary of bit coin .Two years before when there was lockdown due to corona virus .and also business and intuitions were closed. I am a private serving man. So I was also in financial suffering. But with the grace of Allah it was Bitcoin and cryptocurrency which provide me a chance to earn and run the economy in the crisis's Due to bitcoin trade my difficult time had become easy.

That's an inspiring story, pretty much a rags to riches in a way because it seems that bitcoin really helped you a lot, I hope that's what bitcoin will do to me too because I have been hodling mine since 2019 and I was able to do it because I came from a well off family and I have a job so I am not that worried about panic selling. I am so inspired and jealous of other people that have their lives changed because of bitcoin, it really changes your life and I have seen it time and time again as I am surrounded during my college days of friends that are involved in bitcoin much longer than me and the financial freedom that bitcoin offers really is something, hopefully a drop of similarity of what good has happened to others and my friends would happen to me when I finally sold all of my bitcoin and have some more to get back again.

Appreciate your expectations regarding Bitcoin. But definitely don't invest here with the expectation of more profit. An investor must understand the positive and the negative aspects before investing. However, investing in Bitcoin is a safe investment platform compare to the other currencies. It can definitely bring benefits especially to those who invest in Bitcoin with long-term investment goals. I will ask you to invest here as much as you can afford to lose. That means invest such money that if lost it will not affect your normal life. Although there is no certainty of profit in investing , if you analyze the past and present condition of Bitcoin, it is definitely possible to be profitable from it.

If you came to know about Bitcoin in 2014 and could have started investing since then, you would have definitely been profitable. But anyway you have started your investment journey again here which is definitely a good decision.

it's the same with me, where I discovered bitcoin in 2017, and I also come from a simple family, at that time from the proceeds of bitcoin I was able to build a house in 2019, and get married in 2020, and have children in 2021, something that I feel It's impossible to have a house, because it requires quite a lot of money in my opinion, but it's possible thanks to getting to know Bitcoin. Until now, I am still investing a little money to achieve the future, because I am sure that the bullish season will come again later

There is nothing wrong with those who invest early and sell early because no one can predict what the future will hold. Moreover, they sold because they made a significant profit and they used that money to support their lives, so how can it be said that they made a mistake? Without those early investors, without those transactions, how would we have bitcoin today?

One more thing, I bet you that even if you knew bitcoin at that time, you would have done the same thing as them or you would have even sold it earlier than them. Because no one has a crystal ball to predict the future, we only strongly criticize others when it's all over.

I think it looks like you are not the only one who has experienced it; many people have faced it and experienced it too. I also went through it; I didn't experience growing up with real parents; instead, I grew up with relatives.

But even so, I didn't blame the real parents. Because I just knew about Bitcoin, I had a curiosity to learn about it, and until I had knowledge or an idea, it has been a huge blessing to me. The profit that I get from it just follows, because I might experience earning Bitcoin if I don't know enough about it.

2014 found out about Bitcoin. 2017 understand and invest in Bitcoin. 2020 saw huge profits as Bitcoin prices rose high. From the big advantage you get married and have children.
Now you start investing again.
Another, you come from a very poor family because your father left no property or savings that you could use.

Hopefully you don't complain about your fate and don't blame your parents. When you have become a father to a child resulting from a relationship with your wife, the mature thing for your child's future that you are preparing for does not have to be Bitcoin if you are still very poor.
Buying and selling Bitcoin for profit is allowed and you are surviving on Bitcoin. You are not investing but rather trading to meet your needs. You're in and worthy of being called a Bitcoiner.

really cool that you were able to get to know about btc early enough and as you said it seemed like it has served you well

imagine if you just kept on holding from since you first ever bought btc of course I understand you had to make some decisions because of big life events like having a child
it’s good to know that you have once again started participating in investing in btc

I can relate here because when I was first to introduced Bitcoin it was a time I was really struggling in life especially mentally.
But when I started to use Bitcoin and introduced on it, my life change, it really help me a lot especially in my financial like how  to spend wisely, how to invest and it is also my first time to deep dive in our current financial system, how bank works and governments.

Yes, true, but of course, an investor should first know his or her situation. I noticed that because of the bitcoin hype, many people choose to invest in bitcoin without proper knowledge of it, resulting in losing the investment, and many choose to invest a large amount of money thinking that they could earn a lot right away, which is not the case. You could use bitcoin as a side hustle, but not as a livelihood. Why? Because bitcoin is volatile and complex, not every day you will win or earn; that's not it, except if you are really good at it. But if you know for yourself that you are not familiar with bitcoin, then don't rely on it alone; bitcoin is for long-term investment, so if you think that bitcoin could give you earnings every day, then stop dreaming. To efficiently earn in bitcoin or in any crypto currency by many means, you have to go long.

This can happen largely because of the right investment. Buy and Hold. OP's smart thing in investing in Bitcoin is to enter when Bitcoin is about to experience a bullrun, this is the transition phase from bearish to bullish, where the price is still at a low level and not yet at an upper level. It is appropriate to make purchases and save until Bitcoin goes up/bullrun.

"Bitcoin = you hold, you rich"