Topic: How I got started with Bitcoin and how it is blessing for me? - page 3. (Read 527 times)

OP created his account since 2020, let's assume he is
 telling the truth about all he has said, why then is the topic coming up now? I am thinking that if this story is as real as OP claim, he probably would have used the happiness within him back in 2021 to share his experience with Bitcoin since 2020/2021 that he withdraw his profit from his Bitcoin investment.
   I don't consider my self to be an early investor on Bitcoin but from stories I read about Bitcoin, Bitcoin have made most people millionaires, it have helped some people to start the business of their choice through the profit they collected from Bitcoin. If you are saying the truth about your investment into Bitcoin and how it helped you, am not surprised at all. Some many people have also share same testimony, because that's what it is, "testimony."

Bitcoin is sure a blessing to us all who invested with the right knowledge and proper perspective. We take profit when the going is good which is during the bull run and hold our peace when the market is bad - bear run. In all bitcoin is a blessing to us based on our timing. If we needed to meet an urgent need like finance a project and we do not want to ask family and friends for a loan, we can say bitcoin at that point is a blessing if we were in the bull run and we could take profit without any worries.

Right,  sometime I don't consider those mistakes of the past as some form of bad luck or what to make me sad about since all the while then I never hard the knowledge that I hard now,  and sure with those old experiences you gain a lot even if not in terms of profits you have learn one or two lessons that may be unnoticed to you right now but still part of your current state of mind and part of your portfolio and knowledge that will help you shape you decision-making process in the future,  so don't beat yourself for all that,  and thank God for the knowledge you gained over time which money can't buy.

One of the things that I have learned about finances and investment or money in general,  is that,  even though you lose all the money you have to a bad investment decision,  as long as you still have the skills and knowledge that produced that money,  you will still be able to make xx of such amount again in the future,  so given up is what is worst of for any man,  Bitcoin is a journey and at the mo moment,  we are still at the early stage,  so we have to concentrate on the most important thing which is to keep taking advantage of the chances to become better off of what we used to be and never regret anything.

Why would you intentionally want to be sad?

Also, do not beat yourself up about decisions you made when you were less informed. It's a normal cycle for investors to overlook some investment opportunities until they get enough information on it to understand how productive it can be. I also wasted a couple of years and capital on altcoins which should have been redirected to Bitcoin, but those decisions the led me to be able to weather bear markets today and not panic when the chart goes red or get overly excited when it goes green.

2014 was early enough I'm Bitcoin investment and assuming you held some it would have worth much now. I remember whenever I want to be sad, I will just visit my wallet or check my old address on the blockchain and I will see the amount of bitcoin I wasted and what it would have worth now.


Meanwhile, I do not know the essence of this. Is it to let us know about bitcoin story or is there a significant lesson to be learnt from your story? Ok, it could be that we should buy and hodl.

There are different kinds of people which we have in the bitcoin community, those who had the opportunity to buy and hold bitcoin when the price for one was really affordable which was as low as the money they spend on a daily basis, but they never grab that opportunity of buying then because they don’t know how it will turn out to be and now most of them are living in regrets instead of starting from where they realize how good bitcoin is.

There are also those who did not even have the opportunity from the start, no body was their to give them the information and they also do not have stable access to the internet which will help them gain the knowledge many of those people join the network and are even big holders why many did not still join since they miss the opportunity of buying in the early stage forgetting the fact that no time is late to join the train.

There are also those who had about bitcoin as a means of investment and they have been making profit from it base on the way they have learned to day trade it which has been a good source of income for them.

Some people see it and have decided to be long time holders as holding for long is where the real profit comes from that’s if you can be able to hold for long time and until bull run. It’s good that you have enjoyed bitcoin and it have been able to add value to your life, why making profit you can also decide to add some in your saving wallet as it might be what will help your future generations in time to come.

So a little twist in your writing…

Are you a child or an adult who’s solely trying to have a throw back at a teenage age experience along with the contemporary life as an adult Bitcoin investor?

Something I have to point out though. I am pretty sure Bitcoin ATH is around $69k and it didn’t make the $70k mark, not yet with current historical records. Its ATH is around $68,789 to be precise.

Still, I can’t say you’ve made any bad investment nor acted unwisely with your choices of having to take profit because, you met it early, took what opportunity you could and chose to better your life the much your investment could afford you and so, it’s a good one.
Even still, you continue some small investments still, that too is a good one but, if you could, you can as well invest, keep topping up your portfolio and live it be, while leveraging other streams of income if you can accord yourself a few and run your life on that. Perhaps till Bitcoin becomes more widely accepted. You would be even more proud of your choices judging by what pride you’ve gotten from your past decisions with the currency.

It is always early to get in bitcoin. The only thing matters is your age and even if you are too old, you can still do it for your kids. Bitcoin has a limited supply and USD has not. That means there is only one way bitcoin can go in the long run which is up. You may buy bitcoin at the top of the last bull run and still make money if you hold it till the next bull run which usually happens every 4-5 years.

You did great till now and now the hard part starts. People think getting rich is hard. No. Getting rich is very easy. The hard part is maintaining your riches. Lots of people went from being a millionaires to zero very quickly in the past. Do your research, do the right moves so you won't be one of them.

I don't see anything wrong with using bitcoin as a means of livelihood. It's normal. If you don't overdo it and don't get too greedy, you can live on bitcoin profits for a long time. The main thing is that, God forbid, there is no situation in life that will require selling all bitcoins.

You are now a father and should build a life for your children. Forgot about your poor background and work towards building a financially stable family. It is good that you have discovered and invested in bitcoin but you can still diversify your investment to other sectors. Other businesses could give you short-term profit as you patiently wait for your Bitcoin holdings to appreciate.

You will not be able to keep your Bitcoin for a long time if you don't have another means of income. You need to get a job and earn money that will enable you to pay your bills. I know there is a high rate of unemployment in some nations but you can consider leaning some highly needed skills.

I am totally agree with you.
Since I am from a very poor family, at that moment I had nothing but bitcoins from which I could earn/get extra money.

Maybe I used a wrong tone but that was not my intention. I even stated that my philosophy is selling strictly base on needs because I believe Bitcoin is a safer and better investment option.

However, what I'm not comfortable with is liquidating the entire portfolio with the hope of replacing it during bear season. This does not always work. You can see the confirmation from the OP that he is starting all over again and even small this time.

In the last part of the post, the OP explained his situation which suggested he really needed to do something about it and holding Bitcoin would have still been the best thing to do because selling all without putting the funds into something that will yield more profits is a wrong move considering that he now have a family.

Thanks for your valuable opinion and time sir.

To keep your money in bitcoin all the time and not touch it, you have to have money from other sources. What if a person has no other sources and lives off bitcoin profits? According to you those who live off bitcoin are not true bitcoin believers?

"Taking profits" isn't really bad if you're going to use the money for something that's important lol (OP had a child, assuming the story is true). We shouldn't really be demonizing selling bitcoin because not everyone is selling their bitcoin for panicking reasons.

Obviously you got into Bitcoin early enough. Unfortunately you made the mistake of many which is the infamous "taking profits". The story is always the same for a lot of the early adopters of Bitcoin with few able to see beyond the immediate profits and held even up till now.

You have just confirmed that selling ones Bitcoin under the guise of "taking profit" might actually be a wrong decision because there are chances you might not replenish your portfolio with the proceeds and may likely spend the money in such a way you might not actually be proud of on the long run. For your case, you got married and did other things which is wonderful and fine. But you would have still done most of those things by just selling a fraction of your portfolio and not the entire assets hoping to start all over again.

In one of the thread, I made a statement that those who joined Bitcoin early and still held till date are the true believers who understood what Bitcoin was and where it was going.

I just hope your approach should be different now...  for me, I will always have a Bitcoin portfolio irrespective of the price. Selling is entirely based on needs that will never involve killing the "goose that lays the golden egg"

It was 2014 when I first came to know about Bitcoin.
I didn't know much about Bitcoin back then just buy and sell and forget.
But I got to know about the real value of Bitcoin during the bull market of 2017 and I fell in love with Bitcoin ever since and started accumulating Bitcoins through my small investments.

So it looks like 2014 I know about Bitcoin.
In 2017 I understand and invest in Bitcoin
In 2020 I was able to withdraw my profits from Bitcoin and got married and had a child in 2021 when Bitcoin was at $70,000.
And now I have again started making small investments in Bitcoin to contribute to my future generation.

Sorry for writing so briefly.
To tell the truth, I am an only child from a poor family, my father left me no property or bank balance.
 
In the end, I want to say one thing, in fact Bitcoin has not only worked as a support for my life, but after learning the details of its method, it has transmitted a kind of happiness, hope, trust and cheerful life energy in my mind.

Because my teenage life was spent in depression and deprivation. So I think bitcoin is Blessing for me which can bring real power for my life.