Topic: How I heard about Bitcoin and my experience on it - page 2. (Read 255 times)

There are many people who bought bitcoin earlier than you did and lost all their bitcoins to exchanges or scam wallets. Sometimes I read at old threads from 2012 and older just to get the feeling of how people perceived bitcoin in that time. It would shock you that a good number of early investors did not hodl to see bitcoin reach $60k in 2021. So don’t feel too bad about your experience, it’s your bitcoin story and you’re right to come back because it’s never too late to start investing in bitcoin.

Imagine you never sold your Bitcion back then and still held it till today's current value of Bitcoin, that's approximately over $10,000+ by today, because I just made a little research right now, and just made to understand that in 2014, the value of 1BTC was $338, which means $230 should have given you approximately over 0.7BTC or roughly 0.5BTC, which is still quite a big sum of money in today's value. So in all the same, I wish you all the best as you kick-start your journey afresh back again. It's never too late to make good profit off your Bitcoin investment, if only you could leave it as an asset for long term.

Your story is very depressing, OP how do you feel about seeing bitcoin peak at $69k in 2021? OP how much bitcoin did you buy? As far as I know in May 2014 Bitcoin price was around $400-500. Think you bought 0.5 (approx) Bitcoins? However OP if you could have held bitcoin for a long time several years you could have made a lot of profit. In 2021 Bitcoin price was $69k, you could have made a lot of profit. You were disappointed with the price drop in Bitcoin and sold. OP you are willing to buy bitcoins again. You can buy bitcoins now if you want, prices are very low now.  OP you need to be aware bitcoin price can go down you can't be disappointed. Hold the investment for a long time. Hold till 2025-26 and hopefully you will be able to gain a lot of profit.

Congratulations for your story OP .  every one has a story to tell about their experience with bitcoin at first engagement. At early stage of a new technology, there are always doubt about that innovation but only the few that believes in the course would stand firm to seeing the outcome of it all. Although if you had been patient enough then, you could have been smiling with your friends as they did hold till the bull run. Like they say, "patience is a virtue" It really pays to be patient enough to see to the end of a technology. I had similar experience too but I have learnt my lesson never to be in a haste to conclude or judge a book by its cover.

I firmly believe bitcoin is still at its early stage so its never too late to start again. The price is currently low and next year halving too would further give the price a boost. So you can buy as you can and never leave your coin in the care of a third party exchange.

Since you're not new to the forum and have been a member since May, it's not necessary to say welcome to Bitcointalk or the world of Bitcoin. I assume you already know a lot about Bitcoin and may have experienced reasons to question your past decisions. Although Bitcoin has faced some drawbacks due to its price instability, many of us remain optimistic and are eagerly awaiting the next market upswing. Many people missed their chance to invest in Bitcoin, but it's not too late to consider it now. The current price may be bearish, but this could change soon. So, consider seizing this opportunity while it lasts.

Your story is really a touching one, however, you can not change the past. You joined very early and obviously, you invested money that you could not afford to lose that was why you panicked and sold even at a loss.

Going forward, I hope you are doing some refining to your approach such that you only invest what will not make you unease. I suggest you learn about DCA so you can better handle the emotional aspect of investing.

Finally, I think it is not late now.... this is the best time to buy because there are several activities lined up for next year that might see Bitcoin experience som growth in price.

I heard about Bitcoin from a friend in the year 2013 when I just got admitted to college. I took  little interest in it, but I was unwilling to purchase it with my funds because it was not very popular then and I lacked much business mindset. I even got more discouraged owing to the fact that many ponzi schemes were present and I couldn't differentiate the bad from the good. To be honest, I  saw it as a liability, instead of an asset that it was. I later reluctantly purchased $230 worth of Bitcoin around May 2014 after much persuasion from my friend and seeing that the price was fast rising. The fall of 2015 shook me to my bones and I lost hope again because I lost so much funds. Depressed at the loss I've incurred and without much knowledge on HODLing my coins and the possibility of it experiencing an upward trend, I sold off all my coins, hated anything concerning crypto and swore never to get involved again. The bull run of 2019 -2020 happened under my watch, but I still kept my grudge which had then developed into fear that I will still loose my funds again. I have friends whom gained from the trend and became really wealthy while I was locked up in my pessimistic mindset. As I was introduced to this forum, I was able to see that Bitcoin held much more prospects then I ever thought and would ever believe. My convinctions are now positive and I'll be investing again. I wouldn't want to be left out for the third time. Bitcoin here I come!!!.