How I Missed Out of a 10 Year Bitcoin Investment Plan - page 3.

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Quote from: Dripstoil on November 06, 2021, 07:38:57 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.

jenibrock

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I don't have any regrets about it. It could have been a scam as many people have pointed out. I was just sharing the encounter, and imagining what would have become if it were to become a reality.

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Quote from: AakZaki on December 30, 2021, 04:42:57 PM

Quote from: michellee on November 22, 2021, 04:44:40 AM

Everybody who heard of bitcoin in the past but had not joined was regret why they did not join bitcoin and bought many bitcoin at that time. It is normal to see that as many times we underestimate something that we do not know with details and tend to abandon it until we hear or see by ourselves how worth that thing is today or in the future. In 2011, I could buy bitcoin if I want but unfortunately, I left it without thinking about having an investment by risking some money to hold and forget it.

But I did not do that and was still busy searching for the other way to make money. That is a life lesson that many people missed in the past but we still have time to try to have more bitcoin in many ways. We should not let the chance leave us again before it is too late for us to take a seat in the bitcoin world.

The opportunity is certainly still there, Bitcoin is still new, bitcoin continues to be developed.
You may know about bitcoin earlier, I started to know Bitcoin in 2016 and tried to trade. I used to have quite a lot of bitcoin assets, and of course they were sold when the price was high at that time.
If we are able to hold bitcoin until now, we will be billionaires of course, but psychology will not be that strong, will definitely sell when the price according to us is very high.
Currently the opportunity is still there, investing for the long term can certainly be profitable.

Well I agree --there is no late on investing in bitcoin and it could be bitcoin will reach $100k perhaps after 2 years or more, so if you think you are late in 2016, there is a chance that you can gain profit on investing bitcoin. The problem with people because they cannot wait for a long time, they want a quick profit, and usually, they are afraid when bitcoin has a correction, thinking that they will lose everything. If we are able to hold more than 1 bitcoin in 2016, it could make you rich by now and even reinvesting you still have gained profit.

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Quote from: michellee on November 22, 2021, 04:44:40 AM

Everybody who heard of bitcoin in the past but had not joined was regret why they did not join bitcoin and bought many bitcoin at that time. It is normal to see that as many times we underestimate something that we do not know with details and tend to abandon it until we hear or see by ourselves how worth that thing is today or in the future. In 2011, I could buy bitcoin if I want but unfortunately, I left it without thinking about having an investment by risking some money to hold and forget it.

But I did not do that and was still busy searching for the other way to make money. That is a life lesson that many people missed in the past but we still have time to try to have more bitcoin in many ways. We should not let the chance leave us again before it is too late for us to take a seat in the bitcoin world.

The opportunity is certainly still there, Bitcoin is still new, bitcoin continues to be developed.
You may know about bitcoin earlier, I started to know Bitcoin in 2016 and tried to trade. I used to have quite a lot of bitcoin assets, and of course they were sold when the price was high at that time.
If we are able to hold bitcoin until now, we will be billionaires of course, but psychology will not be that strong, will definitely sell when the price according to us is very high.
Currently the opportunity is still there, investing for the long term can certainly be profitable.

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Quote from: buwaytress on December 30, 2021, 09:47:05 AM

-snip-

I also have a lot of altcoins piling up, some of which have prices and enter markets like cryptopia, Novaexchange and other exchanges. I became a freelancer and any job I do to earn from crypto. Airdrop, Bounty, being a translator is all I do. Looking at the trading volume at that time, 50BTC was certainly a reasonable amount. But if you can hold on until now, of course, it will be a different story. But there's no need to regret it, backward flashbacks can only be used as a valuable experience on how important it is to leave some assets for the long term.
We all have different stories or experiences.

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Quote from: taufik123 on December 30, 2021, 09:23:33 AM

Quote from: buwaytress on December 30, 2021, 07:04:28 AM

(Just curious)

in my first year into crypto around 2016 it was very easy to get 1 BTC and it was not impossible. I haven't even joined this forum yet. I earn from several Giveaways and several airdrops that I participate in. At that time around 3.5 BTC I can get. The late 2017 rally was certainly a good opportunity for me to start selling BTC and some other altcoins like ETH.

Well done to you. I got my first BTC in the same year, but had mainly been freelancing and most of my early work clients requested if could pay in alts instead, so I had a growing pile of alts I just sold whenever I could on Cryptopia (I know, I know). And then BTC of course I kept as much as possible after selling (since it was income anyway) but by the time I was able to earn real BTC and stack my sats 2017 had happened and even 1 BTC was above $10k.

Had I been perhaps even half a year earlier... and then looking at my localbitcoins trade volume (always selling) of over 50 BTC, makes me feel "rich"!

I never did get into the airdrop game but guess we all have different stories!

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Quote from: buwaytress on December 30, 2021, 07:04:28 AM

Seen your very first posts and it makes sense you'd sell around $4000, shortly after your forum account, but how on earth did you manage to get "a few BTC"? Think I joined just a little before you and even 1 BTC was some kind of target that kept getting farther away in the wake of 2017 rally.

(Just curious)

in my first year into crypto around 2016 it was very easy to get 1 BTC and it was not impossible. I haven't even joined this forum yet. I earn from several Giveaways and several airdrops that I participate in. At that time around 3.5 BTC I can get. The late 2017 rally was certainly a good opportunity for me to start selling BTC and some other altcoins like ETH.

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Quote from: Ultegra134 on December 30, 2021, 02:42:58 AM

Can't blame myself for not being a fortune-teller, am I right? There's no point dwelling about what happened in the past, we couldn't have known or predicted it would become such a big deal. Unfortunately, I wasn't onboard since its beginning, in 2010-2011, when it costed a few cents, possibly if I knew about it, I would have bought some, since it was dirt cheap.

There are times that I ask myself "What if?" but I quickly brush it off. Not only is it meaningless, but it's also time-consuming, and as an old aphorism said, time is money.

You can blame yourself for ruing the fact though. No point wishing or regretting or second-guessing as you said, and we all look back on occasion. Hell, I even look back on Dogecoin every now and then but it's only to laugh and shake my head.

There are moments in life I look back even farther. Over 10 years before Bitcoin even. But the more I consider where I am today, the less I give a damn about the past.

Quote from: taufik123 on December 29, 2021, 01:49:40 PM

Whatever the price, there will be no regrets as long as it is the target that has been achieved. I used to have some bitcoins too and I sold them for around $4000 and they were already very high. There's nothing to be sorry for, bitcoin continues to be developed and many altcoins have a good future.

Seen your very first posts and it makes sense you'd sell around $4000, shortly after your forum account, but how on earth did you manage to get "a few BTC"? Think I joined just a little before you and even 1 BTC was some kind of target that kept getting farther away in the wake of 2017 rally.

(Just curious)

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Quote from: xSkylarx on December 30, 2021, 12:01:58 AM

Quote from: lienfaye on December 29, 2021, 08:35:07 PM

If only we have a crystal ball to know the future of Bitcoin 10 years ago, then probably we are all rich by now for holding. But since its impossible, many of us ignored Bitcoin not knowing the price will skyrocket. But its all in the past and we cant turn back time, having regrets now wont help us so we need to move on and think of a strategy to take advantage the situation.

Quote from: Japinat on December 29, 2021, 05:49:19 PM

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.

As long as you're happy with the profit then its a good decision to sell because there's always a chance to buy back again. The price is unstable, certainly it will decline and move upward just like the past history.

Everyone should get into the habit of doing this. Don't get carried away with greed, because you won't be able to get all of the money in the market. Being content with the profit you made is the best strategy because if you try to hold on to it for longer periods of time, the price may drop and you will be tempted to sell it at a lower price. When a goal is established and the profit is satisfactory, however, there will be no problems. Set a profit target or a profit goal, as well as a loss target so that you can accept a loss if any of these targets are met.

That is Greedy attitude and that is also the main reason why Most of us once become a loser as we keeps seeking for higher profit till time comes that the currency starts falling and we are trapped inside.
I think we are here to learn from our mistakes, nowadays when i bought a coin for short term? i only aim to at least gain 5-15% that is enough for me and then go out.
with this strategy now i keep my funds safer than losing by being greedy.

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Quote from: ultrloa on December 29, 2021, 02:37:53 PM

Quote from: Ultegra134 on December 29, 2021, 11:05:20 AM

Quote from: Dripstoil on December 29, 2021, 06:41:39 AM

Quote from: Ultegra134 on November 14, 2021, 06:25:39 AM

Supposing I had invested those $500, which would set me back with approximately 2 Bitcoins, now I'd have a decent sum of money for myself and my family. Even if I'd held that small amount of BTC I had acquired, it would still be worth a few thousand dollars at least.

There are countless of people with similar experience like ours. The feeling of regret is hard to let go but we just have to. And that's what I'm trying to do. The guy who lost his hard drive of 7,500 BTC may probably never live normal life again if he refused to let it go, we just have to let it go and focus on the future.

If I were him, I'd need a ton of psychotherapy to get over how stupidly I lost such opportunity. On the other hand, despite losing quite a few opportunities myself, I don't (and can't) regret what I could have done differently several years ago, it doesn't change anything and to be honest, there's no point in doing so.

My goal now is to look forward to new opportunities and challenges, in order to accumulate more Bitcoin in the long-term. Looking back won't solve anything at this point.

Why settle in the past when you can't do anything about it?
We have to face the present and learn from our mistakes in the past so that we can do better in the future.
Investment is not just for one time only, you can reinvest again if you have the money since money just come and go.

Most people should have to be like you who won't stay while looking back but instead looking in what you could do in the future. Most people are suffering from losses yet they still get up and continue living even though they have made a lot of mistakes and that should what we do.

Can't blame myself for not being a fortune-teller, am I right? There's no point dwelling about what happened in the past, we couldn't have known or predicted it would become such a big deal. Unfortunately, I wasn't onboard since its beginning, in 2010-2011, when it costed a few cents, possibly if I knew about it, I would have bought some, since it was dirt cheap.

There are times that I ask myself "What if?" but I quickly brush it off. Not only is it meaningless, but it's also time-consuming, and as an old aphorism said, time is money.

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Quote from: lienfaye on December 29, 2021, 08:35:07 PM

If only we have a crystal ball to know the future of Bitcoin 10 years ago, then probably we are all rich by now for holding. But since its impossible, many of us ignored Bitcoin not knowing the price will skyrocket. But its all in the past and we cant turn back time, having regrets now wont help us so we need to move on and think of a strategy to take advantage the situation.

Quote from: Japinat on December 29, 2021, 05:49:19 PM

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.

As long as you're happy with the profit then its a good decision to sell because there's always a chance to buy back again. The price is unstable, certainly it will decline and move upward just like the past history.

Everyone should get into the habit of doing this. Don't get carried away with greed, because you won't be able to get all of the money in the market. Being content with the profit you made is the best strategy because if you try to hold on to it for longer periods of time, the price may drop and you will be tempted to sell it at a lower price. When a goal is established and the profit is satisfactory, however, there will be no problems. Set a profit target or a profit goal, as well as a loss target so that you can accept a loss if any of these targets are met.

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Quote from: lienfaye on December 29, 2021, 08:35:07 PM

If only we have a crystal ball to know the future of Bitcoin 10 years ago, then probably we are all rich by now for holding. But since its impossible, many of us ignored Bitcoin not knowing the price will skyrocket. But its all in the past and we cant turn back time, having regrets now wont help us so we need to move on and think of a strategy to take advantage the situation.

Quote from: Japinat on December 29, 2021, 05:49:19 PM

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.

As long as you're happy with the profit then its a good decision to sell because there's always a chance to buy back again. The price is unstable, certainly it will decline and move upward just like the past history.

yeah i'm agree that no one could predict the future, and i'm sure maybe there are just 0.00001% people who holds their bitcoin for 10 years after multiple pump and it's almost imposibble that they still hold except the person who holds is already rich since they bought it.
So everyone has their own profits, as long as it's a profit then it's okay. if we take it too long in a religious way, every people has their own sustenance and it won't be swapped to other people sustenance.

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If only we have a crystal ball to know the future of Bitcoin 10 years ago, then probably we are all rich by now for holding. But since its impossible, many of us ignored Bitcoin not knowing the price will skyrocket. But its all in the past and we cant turn back time, having regrets now wont help us so we need to move on and think of a strategy to take advantage the situation.

Quote from: Japinat on December 29, 2021, 05:49:19 PM

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.

As long as you're happy with the profit then its a good decision to sell because there's always a chance to buy back again. The price is unstable, certainly it will decline and move upward just like the past history.

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Quote from: Dripstoil on November 06, 2021, 07:38:57 AM

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

To tell you two more stories

Quote from: mynonce on December 28, 2021, 03:12:31 PM

Quote from: 24Kt on December 28, 2021, 02:46:43 PM

I believe, there are many stories like that today as the crypto users before didn't have any idea that they will see the bitcoin's price this high...

One of the best ... maybe you remember

...

Back in 2010, Joey Rich opened a thread https://bitcointalksearch.org/topic/buybitcoinscom-50000-bitcoins-for-sale-at-15-btcusd-987:

Quote from: 24Kt on December 28, 2021, 02:46:43 PM

I believe, there are many stories like that today as the crypto users before didn't have any idea that they will see the bitcoin's price this high...

Or that one: also back in 2010, a user auctioned 10,000 Bitcoin, starting bid was 50 USD for all 10,000! And to find a buyer he wrote: 10k BTC are currently worth ~65.50 USD
https://bitcointalksearch.org/topic/old-bitcoin-auction-1000000-btc-starting-bid-5000-usd-92

Quote from: dwdollar on March 30, 2010, 07:41:47 AM

I know this is well below your starting bid, but since no one has taken it yet I'll offer $20.

Another user who was interested:
https://bitcointalksearch.org/topic/m.840

Quote from: SmokeTooMuch on April 07, 2010, 10:47:18 AM

Auction is over.
Since nobody has made the starting bid, the bitcoins do not change their owner.

Today's value: ~500 million USD

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Quote from: Japinat on December 29, 2021, 05:49:19 PM

Learn from your mistake and good luck with your journey.

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.
We know how volatile bitcoin is, once a bull period is here, it will likely hit our target and we should be ready to sell our price and not be too greedy to hold.

@OP, that's a lot of money you missed, but it doesn't mean you'll not be able to make that in the future, just continue investing.

and besides, he didn't know how legit was that offer? would that person respect their agreements throughout those years? so we don't know what will be the turn of events if in case he accepted such offer. why asked for 50k or nothing? he can always accept lower amount but he did not. so i have the feeling that he would have been screwed if he went all in.
he can always get on board with bitcoin anytime and make his own journey without any third party that may possibly screw him. right now, one can easily manage his crypto portfolio without the intervention of any 3rd party.

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Learn from your mistake and good luck with your journey.

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.
We know how volatile bitcoin is, once a bull period is here, it will likely hit our target and we should be ready to sell our price and not be too greedy to hold.

@OP, that's a lot of money you missed, but it doesn't mean you'll not be able to make that in the future, just continue investing.

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Quote from: bitzizzix on December 29, 2021, 04:57:53 PM

Quote from: Webetcoins on December 29, 2021, 04:35:49 PM

Well, I personally don’t think it is over. You missed the first one, maybe you can still try it this time around, and it would work out for you. Although I do know that you’re going to lack the confidence to give it a try this time around because the price of the coin is very high this time, but I think the price of bitcoin is still very far from what it would be in the future.

Yes, it is quite high now but none of us would have believed that it was going to get to this level right? So if you have the money to invest now, even if it is not up to the price for one full bitcoin, you can still buy half of it, that’s something. You can buy it now and just keep on holding it for some years if you can.

Everything has happened and can only be remembered with regret because we all would not have thought or imagined that bitcoin could reach such a fantastic price.
and now it's very expensive to own one bitcoin and that doesn't mean we have to insist on owning one bitcoin because we can do it according to our ability gradually and hold it in, and if we do it with discipline for 10 years second chances won't be missed.

It was because 10 years ago people are just ignoring crypto and mostly we think it was a scam think. Having the trust in Bitcoin during that time is really hard as we are thinking negatively and doubtful of its capability. Nobody gave much weight in those days, in fact, if we could remember someone is buying pizza for 10,000BTC? If that person keeps and thinks that Bitcoin will reach $60,000, it is for sure he never spends like that but rather to keep it until now.

This is how to remember the past and we all just missed it.

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It may become a very big regret, moreover to know the recent price of Bitcoin. But once more, regret is a past and we need to do what is the best for now. I also have the chance to buy some Butcoin in 2016 before bullish at that time. But I couldn't buy it because I have no money and BTC is still not as very popular.
That is why I try to make it better chance right now.
Everyone has nect chance to be utilized and maximized actually

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Quote from: Webetcoins on December 29, 2021, 04:35:49 PM

Well, I personally don’t think it is over. You missed the first one, maybe you can still try it this time around, and it would work out for you. Although I do know that you’re going to lack the confidence to give it a try this time around because the price of the coin is very high this time, but I think the price of bitcoin is still very far from what it would be in the future.

Yes, it is quite high now but none of us would have believed that it was going to get to this level right? So if you have the money to invest now, even if it is not up to the price for one full bitcoin, you can still buy half of it, that’s something. You can buy it now and just keep on holding it for some years if you can.

Everything has happened and can only be remembered with regret because we all would not have thought or imagined that bitcoin could reach such a fantastic price.
and now it's very expensive to own one bitcoin and that doesn't mean we have to insist on owning one bitcoin because we can do it according to our ability gradually and hold it in, and if we do it with discipline for 10 years second chances won't be missed.

Webetcoins

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Well, I personally don’t think it is over. You missed the first one, maybe you can still try it this time around, and it would work out for you. Although I do know that you’re going to lack the confidence to give it a try this time around because the price of the coin is very high this time, but I think the price of bitcoin is still very far from what it would be in the future.

Yes, it is quite high now but none of us would have believed that it was going to get to this level right? So if you have the money to invest now, even if it is not up to the price for one full bitcoin, you can still buy half of it, that’s something. You can buy it now and just keep on holding it for some years if you can.

Topic: How I Missed Out of a 10 Year Bitcoin Investment Plan - page 3. (Read 1448 times)