How I Missed Out of a 10 Year Bitcoin Investment Plan - page 2.

nullama

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Quote from: Rehan Zakir on March 05, 2022, 11:39:07 PM

No doubt, bitcoin got massive pump in the last few years. The age of bitcoin currency is not so old. But, it gain so much popularity in a short period of time. It surprise me how a currency that have only 1$ price then pumps upto All time high record of 68000$ in the few years. If a person have invested only 100$ in bitcoin at price of 1$. Now its investment is in billions, if he have still this investment.

Millions, not billions

68,000 * 100 = $6,800,000

Rehan Zakir

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No doubt, bitcoin got massive pump in the last few years. The age of bitcoin currency is not so old. But, it gain so much popularity in a short period of time. It surprise me how a currency that have only 1$ price then pumps upto All time high record of 68000$ in the few years. If a person have invested only 100$ in bitcoin at price of 1$. Now its investment is in billions, if he have still this investment.

Baofeng

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Quote from: buwaytress on March 03, 2022, 10:35:30 AM

Quote from: lienfaye on March 02, 2022, 11:28:21 PM

I think even some investors hold their Bitcoin for few months or years after buying at early stage, probably after seeing a major pump they already sell their Bitcoin not knowing it can increase further. So now we come to realized the wrong decision we committed for not having trust about Bitcoin.

Not always the case. I personally spoke to one who exited at $10k. That was his target, he felt sure it would go even higher (this was in 2017) but he'd held for as long as he'd planned, and exited according to plan. I don't think he looks back with any regret. It was life-changing at $10k, as I'm sure it was life-changing for others at $68k, as I'm certain it'll be life-changing for others down the line, who've held with the same beliefs.

Yeah, I think there should be no regrets who those who have some price in mind before they exit.

Maybe the issue is for those who exited early without any plans, just buy the hype before and then when the price goes down and s*t, they panic and hurriedly push the sell button.

And those are the same people who are now regretting it, even going to social media to rant about their stupidity. But who knows, no one see bitcoin going into 5 digits or even 6 digits in the future.

lixer

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Quote from: lienfaye on March 02, 2022, 11:28:21 PM

Quote from: Rengga Jati on March 02, 2022, 07:55:02 PM

Many regret always happen in this world, many people also regret why not investing in Bitcoin when the price was very low and undervalue?
The answer is:
the trust.

Indeed its about trust. Having doubt if it could be a big thing in the future or if the price can really increase, people are only speculating and there's no concrete basis.

I think even some investors hold their Bitcoin for few months or years after buying at early stage, probably after seeing a major pump they already sell their Bitcoin not knowing it can increase further. So now we come to realized the wrong decision we committed for not having trust about Bitcoin.

Yeah you are right, trust is the thing. But another thing is this: even if you should find a project that you can trust (based on the fact that it is legit) does that mean the project is going to be successful? That you can trust a project doesn’t mean that it is going to be successful in the future. That’s why you would see some good assets today and you feel that they will succeed, but at the end that’s not the case.

And you can’t even predict success and when it may happen. That’s why investment is all about risk, and you have to understand that; knowing that not every investment you make is going to be a success. But always take the risk.

stepwilli

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Right, anyone who doesn’t have plan will keep on doing the wrong thing. You don’t just invest in Bitcoin without having a target that you feel you’re meant to accomplish. Whenever I am investing in cryptocurrency, I always take out time to study the market and decide for how long I am going to HODL, and also how much I would like to before I sell and wait for another time to invest again.

Like you said, anyone who doesn’t know their plans for investing would either keep holding and not be satisfied or they will end up selling at the wrong time. So in everything that we are doing, it is required that we always make good plans to guide us to the right outcome.

buwaytress

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Quote from: lienfaye on March 02, 2022, 11:28:21 PM

I think even some investors hold their Bitcoin for few months or years after buying at early stage, probably after seeing a major pump they already sell their Bitcoin not knowing it can increase further. So now we come to realized the wrong decision we committed for not having trust about Bitcoin.

Not always the case. I personally spoke to one who exited at $10k. That was his target, he felt sure it would go even higher (this was in 2017) but he'd held for as long as he'd planned, and exited according to plan. I don't think he looks back with any regret. It was life-changing at $10k, as I'm sure it was life-changing for others at $68k, as I'm certain it'll be life-changing for others down the line, who've held with the same beliefs.

lienfaye

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Quote from: Rengga Jati on March 02, 2022, 07:55:02 PM

Many regret always happen in this world, many people also regret why not investing in Bitcoin when the price was very low and undervalue?
The answer is:
the trust.

Indeed its about trust. Having doubt if it could be a big thing in the future or if the price can really increase, people are only speculating and there's no concrete basis.

I think even some investors hold their Bitcoin for few months or years after buying at early stage, probably after seeing a major pump they already sell their Bitcoin not knowing it can increase further. So now we come to realized the wrong decision we committed for not having trust about Bitcoin.

Sir Legend

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Quote from: Rengga Jati on March 02, 2022, 07:55:02 PM

Many regret always happen in this world, many people also regret why not investing in Bitcoin when the price was very low and undervalue?
The answer is:
the trust.
Because at that time, who knows that Bitcoin will be as big as now?
Who knows that Bitcoin will be accepted by many more people?
And who knows that Bitcoin price will rise up as high as right now?
Additionally, $1000 at that time may value bigger than $1000 right now. The time go on. And even at that time, we may invest and in fact, the rice was going down more than at that time, what will happen? We will regret it again, won't we?
That is why there is no need to regret what has been passed in the past. Moreover with many calculation that we should get if we invest at that time, it will multiple the bigger regret.
Just use the past as the expericne and lessons. Now, the rigth chocie is what to do right now Not to calculate what should ahppen to us because of the past, but what we can do for us for our present and future

Looking at the current bitcoin price of course i also regret it, 7 years ago or in 2013 when the bitcoin price was very cheap i made a lot of earnings from faucets, giveaways and so on, at that time i had more than 50 btc then i sold it in september for $ 110 and December skyrocketed to over $1000 so I missed out on a big profit opportunity that year.

Rengga Jati

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Many regret always happen in this world, many people also regret why not investing in Bitcoin when the price was very low and undervalue?
The answer is:
the trust.
Because at that time, who knows that Bitcoin will be as big as now?
Who knows that Bitcoin will be accepted by many more people?
And who knows that Bitcoin price will rise up as high as right now?
Additionally, $1000 at that time may value bigger than $1000 right now. The time go on. And even at that time, we may invest and in fact, the rice was going down more than at that time, what will happen? We will regret it again, won't we?
That is why there is no need to regret what has been passed in the past. Moreover with many calculation that we should get if we invest at that time, it will multiple the bigger regret.
Just use the past as the expericne and lessons. Now, the rigth chocie is what to do right now Not to calculate what should ahppen to us because of the past, but what we can do for us for our present and future

nullama

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What I find most remarkable from this story is the guy that talked to Dripstoil.

He put himself at the right place at the right time, and was convinced he could do even better in the next decade. He learned a lot from Bitcoin from the early days, and went boldly forward, ignoring the typical path of society that most people live. He didn't work for a company, he created and kept creating his own source of money, based on Bitcoin.

That guy also had the ability to go out and present his idea to a complete stranger, and not a random person, but someone that could potentially say yes to what he was asking for. That means he did his research on that as well.

That shows that this is an interesting person, and that you can live your life however you want to.

To get remarkable results, you need to do remarkable things. If you keep doing the same that everyone else is doing, then you're going to get average results.

Kasabus

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Quote from: LUCKMCFLY on January 28, 2022, 11:27:17 AM

Quote from: xSkylarx on January 26, 2022, 09:16:03 PM

Quote from: Finestream on January 26, 2022, 07:50:36 PM

Quote from: virasog on January 26, 2022, 02:19:31 PM

Quote from: Dripstoil on November 06, 2021, 08:38:57 AM

You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH. So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

The only problem is that the price of bitcoin is not the same as it was 10 years ago, when it was extremely cheap and anyone could afford it; now it is extremely difficult to purchase one if you do not have enough money; however, it is highly likely that this scenario will repeat itself, so it is best to invest sooner rather than later. Some people will learn from their mistakes, but others will not. If we make a mistake, we should assess it and figure out how to avoid making the same mistake again. This is the key to gaining valuable experience and achieving our goals.

Well even though the value of BTC is not the same as it was 10 years ago, people who have had BTC can have it again, because they know how they can get it and so they can start from scratch, in Jesse Livermore's books, he became millionaire and then he was bankrupt, but on two occasions he managed to become a millionaire again, it is that money is made thinking, if for some mistake everything is lost in one move, you have to work very hard to get there again, that is law, I think that every human being has that capacity.

Failure is not the reason to give up but its there to motivate you to rise up again. So it does not matter if we missed opportunities and fail in our first attempts, as long as we are able to recover from that and do the right thing now. And now the right thing to do is to start investing as prices will always grow in time. When you look back 10 years from now, at least you can say to yourself that i have done my best and now its time for me to reap the fruit of my hard work.

Gudhal Untu

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It is inconceivable if you accept the offer of $50k and get 50,000 btc, of course you will not write the story here, you will enjoy the holidays and can buy many things, all you do is check the price and then sell it to fulfill your pleasure, this story gives the picture that we have to buy bitcoin now then hold it for another 10 years and I believe the price of 1 bitcoin will reach $ 1 million.

palmisutton

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today, bitcoin price is 44k.

LUCKMCFLY

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Quote from: xSkylarx on January 26, 2022, 09:16:03 PM

Quote from: Finestream on January 26, 2022, 07:50:36 PM

Quote from: virasog on January 26, 2022, 02:19:31 PM

Quote from: Dripstoil on November 06, 2021, 08:38:57 AM

You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH. So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

The only problem is that the price of bitcoin is not the same as it was 10 years ago, when it was extremely cheap and anyone could afford it; now it is extremely difficult to purchase one if you do not have enough money; however, it is highly likely that this scenario will repeat itself, so it is best to invest sooner rather than later. Some people will learn from their mistakes, but others will not. If we make a mistake, we should assess it and figure out how to avoid making the same mistake again. This is the key to gaining valuable experience and achieving our goals.

Well even though the value of BTC is not the same as it was 10 years ago, people who have had BTC can have it again, because they know how they can get it and so they can start from scratch, in Jesse Livermore's books, he became millionaire and then he was bankrupt, but on two occasions he managed to become a millionaire again, it is that money is made thinking, if for some mistake everything is lost in one move, you have to work very hard to get there again, that is law, I think that every human being has that capacity.

darewaller

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Quote from: Finestream on January 26, 2022, 07:50:36 PM

I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH. So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

No, it wont happen again anymore. As we see cryptos now are very popular and almost all people now know its history. I knew someone that is new to crypto and he explains to me how cryptos got his interest and he is planning to hold it for a long time.

People nowadays have a better thinking than us people on the past although there might be some regrets for the people that have recently discovered cryptos because they missed a big opportunity although it is not too late yet because there are still lots of people that are not yet into cryptos, imagine if they join here as well, the value of cryptos will improve dramatically.

Botnake

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Quote from: xSkylarx on January 26, 2022, 09:16:03 PM

Quote from: Finestream on January 26, 2022, 07:50:36 PM

Quote from: virasog on January 26, 2022, 02:19:31 PM

Quote from: Dripstoil on November 06, 2021, 08:38:57 AM

You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH. So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

The only problem is that the price of bitcoin is not the same as it was 10 years ago, when it was extremely cheap and anyone could afford it; now it is extremely difficult to purchase one if you do not have enough money; however, it is highly likely that this scenario will repeat itself, so it is best to invest sooner rather than later. Some people will learn from their mistakes, but others will not. If we make a mistake, we should assess it and figure out how to avoid making the same mistake again. This is the key to gaining valuable experience and achieving our goals.

If you keep on thinking that bitcoin is quite hard to afford especially at the current price, then you can never expect for bitcoin to give you huge profits 10 years from now. So taking the risk is a reality. You cannot just wait there and let bitcoin work for you. You have to invest now and hold your bitcoin, and let's see where will your investment take you. It's a matter of faith that you should always hope the best for bitcoin as you will be the one to benefit it the most.

xSkylarx

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Quote from: Finestream on January 26, 2022, 07:50:36 PM

Quote from: virasog on January 26, 2022, 02:19:31 PM

Quote from: Dripstoil on November 06, 2021, 08:38:57 AM

You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH. So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

The only problem is that the price of bitcoin is not the same as it was 10 years ago, when it was extremely cheap and anyone could afford it; now it is extremely difficult to purchase one if you do not have enough money; however, it is highly likely that this scenario will repeat itself, so it is best to invest sooner rather than later. Some people will learn from their mistakes, but others will not. If we make a mistake, we should assess it and figure out how to avoid making the same mistake again. This is the key to gaining valuable experience and achieving our goals.

Finestream

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Quote from: virasog on January 26, 2022, 02:19:31 PM

Quote from: Dripstoil on November 06, 2021, 08:38:57 AM

You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH. So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

Shasha80

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Quote from: Vaculin on January 26, 2022, 05:09:29 PM

Quote from: virasog on January 26, 2022, 02:19:31 PM

Quote from: Dripstoil on November 06, 2021, 08:38:57 AM

You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

The lack of faith in bitcoin is simply the main reason why we missed a lot investing in bitcoin way back 10 years ago. Even on the part of newbies today, it will always be the case. They are still hesitant to invest in bitcoin because its still expensive, so they chose those altcoins over bitcoin. And then few years from now, they will start to reflect on why they didn't trust in bitcoin in the first place. We will only then realize once we see bitcoin on top of all other coins and just hoping we have invested too in bitcoin from the start.

I always advise newbies to learn the crypto world properly, before deciding to invest in crypto. So that newbies understand better that investing
in Bitcoin is the most appropriate decision, so in the future will not regret for missing the opportunity to invest in Bitcoin. It's actually easier now
to believe in the future of Bitcoin, compared to when Bitcoin first entered the market. Because now there is a lot of evidence that shows that
Bitcoin is the best coin and Bitcoin has a bright future. So if there are people who still have doubts about investing in Bitcoin, it means they are
not learning Bitcoin properly. Don't because the price of Bitcoin is too high now, then it becomes an excuse not to buy Bitcoin. Even though
buying Bitcoin doesn't have to be 1 BTC, we can buy fractions of Bitcoin according to everyone's financial ability.

Vaculin

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Winding down.

Quote from: virasog on January 26, 2022, 02:19:31 PM

Quote from: Dripstoil on November 06, 2021, 08:38:57 AM

You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

The lack of faith in bitcoin is simply the main reason why we missed a lot investing in bitcoin way back 10 years ago. Even on the part of newbies today, it will always be the case. They are still hesitant to invest in bitcoin because its still expensive, so they chose those altcoins over bitcoin. And then few years from now, they will start to reflect on why they didn't trust in bitcoin in the first place. We will only then realize once we see bitcoin on top of all other coins and just hoping we have invested too in bitcoin from the start.

Topic: How I Missed Out of a 10 Year Bitcoin Investment Plan - page 2. (Read 1432 times)