If only you knew you would have invested the $1,500 that you had with you by yourself in cryptocurrency. It’s not a must that you needed anybody to invest in cryptocurrency, and I’m sure by now you must have known that, that this is something that you can do for yourself and not rely on anyone at all. This was a mistake that I know a lot of people made; they thought that bitcoin was a company or that they had to invest through someone.
When it comes to cryptocurrency, everyone manages their funds for themselves, and you don’t need anyone at all to do it for you. So, going by the $1,500 you have said that you had then, it would have gotten you 1500 units, and that 1500 units at this current price of $66,000 would be worth 99 million dollars. Even at that $10,000 you said it was around February 2020 you would have $15,000,000 [fifteen million dollars]. You might not have been a billionaire, but you would be a millionaire which is quite good from just investing a $1,500.
Topic: How I Missed Out of a 10 Year Bitcoin Investment Plan - page 5. (Read 1470 times)
Everyone regrets not investing when bitcoin is cheap, I also regret having around 20 btc in 2015 and at that time I sold it cheap at $240, if i hold at least half or 10 btc then i can buy a new sports car that I want
Even if you buy a car now, you will regret for your decision of spending your bitcoins by 2025 or 2029. I mean there will be no end point for such kind of regrets because bitcoin will keep on increasing and everyone who decides not holding it definitely will regret one day or other. So, what we should do to avoid such kind of regrets?I believe there will be no concrete answer for this because everyone into experimental phase with bitcoin investments hence we could not conclude when to exit.
It's always unfortunate and a sad story to see those who were informed and had the capacity to get on the fun train while it was still slow and for some reasons fail to jump on it. Though, I encourage that these stories should be told so that, other persons can learn from it. That's the most important thing about failed attempts and stories such as these. It's not just for the individual alone although, the individual owes his or her self the duty of not having same occurances and then to others, not to get stinged by the same bee.
One thing I know for sure is that, there are a lot others that would still come a few years from now and tell stories of how there fears just couldn't let them get a head start. Buy bitcoin when you can and hodl as long as you can. This is no investment advice anyway.
One thing I know for sure is that, there are a lot others that would still come a few years from now and tell stories of how there fears just couldn't let them get a head start. Buy bitcoin when you can and hodl as long as you can. This is no investment advice anyway.
Everyone regrets not investing when bitcoin is cheap, I also regret having around 20 btc in 2015 and at that time I sold it cheap at $240, if i hold at least half or 10 btc then i can buy a new sports car that I want
It is unreasonable to feel remorse for something over which you have no control. Even if you want to, you can't go back to the past to re-invest in Bitcoin. On the other hand, the journey of Bitcoin does not end here, don't do anything at present that you have to regret in the future. Now is the perfect time to invest in Bitcoin, hopefully by the end of the year the price of Bitcoin will reach $100k.
Everyone regrets not investing when bitcoin is cheap, I also regret having around 20 btc in 2015 and at that time I sold it cheap at $240, if i hold at least half or 10 btc then i can buy a new sports car that I want
My current plan is hold some good fundamental coins like ETH, BNB, ADA, and SOL. Currently on 50-100% profits of each coin, i don't think it will do a 100x-1000x times price growth in the future but i'm fine with 10x times growth if the market keep doing the uptrend every year.
BNB is a coin I need to pay much attention to. From the way it's going, it may probably take over from ETH very soon as the number two coin. Right now, I don't have any BNB but I'm thinking seriously about buying some as soon as money comes into my hands. You've made a great choice with the coins.
What amazed me about this thread is that the complete and detailed even the Minutes to be specific thinking that this happens 10 years past , your memory is completely remembered all of those and yes i might say you are very smart that missed the chance making this market your Billion dollar chance.
But i must agreed in the first post/reply here that 50,000 does not mean 50,000 bitcoin also , because I'm afraid that 1$=1BTC is the ratio of legit investing , scam might be in place if you dare to try .
The event was so memorable that there's nowhere I could forget some of the details. Probably because I'll never know if I made the right or wrong decision. But i must agreed in the first post/reply here that 50,000 does not mean 50,000 bitcoin also , because I'm afraid that 1$=1BTC is the ratio of legit investing , scam might be in place if you dare to try .
There are a lot of story out there about people who missed their chance to become bitcoin billionaire because they ever have a chance to buy bitcoin in 2009.
But i think almost there are no bitcoin billionaires by plan exist. If they really invest on bitcoin when the price is 0.1$ i'm really sure they will sell at 1$ or 10$. because they already made hundred times return and most investors will sell their investment with that return.
My current plan is hold some good fundamental coins like ETH, BNB, ADA, and SOL. Currently on 50-100% profits of each coin, i don't think it will do a 100x-1000x times price growth in the future but i'm fine with 10x times growth if the market keep doing the uptrend every year.
But i think almost there are no bitcoin billionaires by plan exist. If they really invest on bitcoin when the price is 0.1$ i'm really sure they will sell at 1$ or 10$. because they already made hundred times return and most investors will sell their investment with that return.
My current plan is hold some good fundamental coins like ETH, BNB, ADA, and SOL. Currently on 50-100% profits of each coin, i don't think it will do a 100x-1000x times price growth in the future but i'm fine with 10x times growth if the market keep doing the uptrend every year.
What amazed me about this thread is that the complete and detailed even the Minutes to be specific thinking that this happens 10 years past , your memory is completely remembered all of those and yes i might say you are very smart that missed the chance making this market your Billion dollar chance.
But i must agreed in the first post/reply here that 50,000 does not mean 50,000 bitcoin also , because I'm afraid that 1$=1BTC is the ratio of legit investing , scam might be in place if you dare to try .
But i must agreed in the first post/reply here that 50,000 does not mean 50,000 bitcoin also , because I'm afraid that 1$=1BTC is the ratio of legit investing , scam might be in place if you dare to try .
I think even those who believed in the technology themselves didn't imagine that the price of 1 BTC would reach more than $60,000 someday, or else they wouldn't have sold. They would have accumulated more instead. Even Hal himself who thought that Bitcoin could reach as high as $10 million converted a lot of BTC during his lifetime. Perhaps they considered the possibility of Bitcoin becoming very expensive as remote, so much so that they didn't think twice of selling when Bitcoin was as cheap as a hundred dollars.
I think no one knows or no one are expecting way back then that bitcoin market value will going to soar high like the current price. Every one has their own kind of story of regret that they did not able to catch up bitcoin at the time that it was affordable by many but in the case of OP I think if I am in his place way back that time I will be having a second thought also even let's say I am a professional trader of stocks and knowledgeable enough about trading, aside from the huge amount of investment which a bit sound shady if we will be in that place while we listen to him, crypto platform was just new that time.
I wanted to risk $1,500 but he was looking for $50,000 or nothing.
At that time, 1,500$ is a big money to buy bitcoin. I can guess that the whole minted bitcoin wasn't worth the 50,000$. If 1btc = 10$ then 50k can buy 5000 btc which was not yet minted maybe.Maybe he was about to scam you.
If I had accepted that offer, the $50,000.00 would have acquired 50,000 units of Bitcoin.
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The 10 year plan ended in February 2020 and Bitcoin was $10k at that time. The prediction was off by wide margin but still good. I never imagined in 2011 that Bitcoin would to that high,and now we're at $62,000 and still going.
I currently have some crypto (BTC, ETH, LTC, etc) but nothing compares to what I'd have got from the Investment plan, or even remotely close. I lost an opportunity to become a Bitcoin billionaire!
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Right now, I'm holding till the next 5 years. I'll continue to scrape for a living till then. Hopefully it works in my favor.
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Do you know how many people had early opportunity with the Bitcoin but missed it? Can you imagine that many of them were already investors and Devs?
No one expected the adoption will be that large.
No one expected such adoption and the best proof is that till now there is a very large number of people arround the world don't know about crypto and a largest number dont use it, 1 million holder for a coin or a token is a huge number in the current time and that show at what point crypto is still undercover
First and foremost, your experience is not an isolated case. The history of Bitcoin is replete with regrets and missed or wasted opportunities.
That's what happens with an asset that has given such a return as Bitcoin. There were many people who knew about Bitcoin when it was worth very little, who had the opportunity to buy and didn't, or bought and for some reason or another sold, and now think about how much of a multi-millionaire they would have been if they hadn't done so.
I think even those who believed in the technology themselves didn't imagine that the price of 1 BTC would reach more than $60,000 someday, or else they wouldn't have sold. They would have accumulated more instead. Even Hal himself who thought that Bitcoin could reach as high as $10 million converted a lot of BTC during his lifetime. Perhaps they considered the possibility of Bitcoin becoming very expensive as remote, so much so that they didn't think twice of selling when Bitcoin was as cheap as a hundred dollars.
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I think that better than regretting the past is to look to the future and not make the same mistake. The best day to buy Bitcoin is today. It still has a lot of profitability left to give.
I agree. There were lost opportunities in the past but there are still opportunities today. It would be a pity if we let this opportunity pass the second time around.
Asking for a huge investment sum into something barely known and claiming that it'll bring huge profits does sound shady. I know Bitcoin did turn out very popular, but I think that you made the right decision back then, given the amount of information and the risk you were supposed to take. It's best not to risk such things. I'm also happy to hear that you didn't give up on Bitcoin, even though you missed an early chance of adopting it.
I wasn't around in 2011, but I remember when I thought $200 per Bitcoin was too expensive, and then that $1k is unbelievably expensive... So it's hard to invest in the right moment, but now I'm trying to keep some BTC untouched when I can, and not think about the pricing.
I wasn't around in 2011, but I remember when I thought $200 per Bitcoin was too expensive, and then that $1k is unbelievably expensive... So it's hard to invest in the right moment, but now I'm trying to keep some BTC untouched when I can, and not think about the pricing.
Everyone has that type of opportunity that has just passed by but we're too scared because there's a lot of uncertainty during that time. But yours, it's massive and truly going to be a life changing until many generation of your family. As usual, it's not too late for us, we still have the golden and might see the best from bitcoin. My plan, I don't have a certain time but as long as the target price has been met, I'll slowly sell and get things done and buy those important things that I need in my life which will build things for me to have a better life.
Unfortunately, there are a lot of similar stories. If many people in 2011 knew about such a scenario, it could have developed quite differently.
Amazing, you would have been owner of multi millionaire but if you go through some posts above then same question is there, the amount of investment like 500,1000 bucks was big amount few years back. The thing is bitcoin is cheap today also if you accept that the value is incriminating every year due to its nature. The correlation of bitcoin with its supply, demand and also mining speed is deciding great demand of value. I’m pretty sure after few years time we will have same person with same story talking about how they lost the big share of bitcoin and would have been millionaire by this time.
I have still not lost the hope as I have started my own little mining farm, grabbing all the opportunities as I can to earn the satoshi or bits. I’m confident enough that I will make it a full bitcoin one day whether it’s bit by bit or lum sum.
I have still not lost the hope as I have started my own little mining farm, grabbing all the opportunities as I can to earn the satoshi or bits. I’m confident enough that I will make it a full bitcoin one day whether it’s bit by bit or lum sum.
That's a pretty interesting story,OP. I find it hard to believe.
I wonder why you are sharing this story with us right now.You could've done it way earlier,like years ago.
The guy must have been a scammer.Asking for an investment and offering you a 70/30 share seems too sketchy.If he was so convinced that Bitcoin is going to rise,then why he didn't invest his own money,or why he didn't ask his own friends and family.Asking strangers for an investment and promising gigantic profits seems suspicious.I assume that he provided some proof,but proof can be faked.
This guy was most likely a scammer,but he predicted the future.
I wonder why you are sharing this story with us right now.You could've done it way earlier,like years ago.
The guy must have been a scammer.Asking for an investment and offering you a 70/30 share seems too sketchy.If he was so convinced that Bitcoin is going to rise,then why he didn't invest his own money,or why he didn't ask his own friends and family.Asking strangers for an investment and promising gigantic profits seems suspicious.I assume that he provided some proof,but proof can be faked.
This guy was most likely a scammer,but he predicted the future.
You still have chance mate so stop regretting, just keep in mind that bitcoin always experience a bearish season that can lead the price always below the strong support level, not always a bullish especially when there's a massive decline in the market, so it's a second chance and big opportunity for those who missed the train from the previous bull run.. If I were you make a plan for the next bull season instead of regretting because its useless.. Remember crypto market is like a roller-coaster if you want to ride in order to reach the highest level you must be ready to don't missed the next opportunity to ride in.
Half of what you mentioned and if you had invested you could have made a lot of current profits. When you wanted to invest, nobody thought Bitcoin would succeed, not even you thought Bitcoin would succeed. No one had much knowledge of Bitcoin 10 years ago. Gradually, the more people use bitcoin, the more people gain knowledge about bitcoin. Bitcoin was not used by many people before but Bitcoin is used in most countries today.My guess is that in countries where cryptocurrency is not used now, cryptocurrency will be used in those countries in the future.
Actually no one knows that future value of bitcoin and hence we hesitate to invest in it. If everyone knew 10 years ago that bitcoin will reach 50K by 2021, everyone would have sold everything and bought bitcoin under 10$ or 100$.
Even now, if we are confident that in some future time bitcoin will reach 500,000$, we could sell everything and buy bitcoin now, but since we have not seen the future, we can't be sure what could be the future valuation of bitcoin at that time.
What's your current plan?
As far as my plans are concerned, I have my capital divided into to parts: a bigger part is intended for mainstream currencies such as Bitcoin and Ethereum, BNB, Matic, DOT. I don't sell currencies from this part, I only buy more and more every month and I am going to hold at least 5 years for a new bull run in the future. Another part of money I invest in new risky altcoins that can give big profit in the short period of time. I am a bigger idiot because I had excellent background to understand bitcoin myself. But bitcoin showed me I am an idiot. It made me humble that way.
I am a failure in crypto largely because I failed to recognize the opportunity and focused on my day job, stock trading and kept my mining at the hobby level....
Honestly, his approach was bad, speculating about how Bitcoin will reach from $1 to $100,000 in 10 years, that's just a bad approach, he could've at least tried to explain how Bitcoin is and how big it's going to be because of how technology evolves...
He did indeed tried to explain everything to me. The technology, how everything works, and the business model. But I wasn't getting it. At that point, the whole thing were sounding like online banking and payment system, especially his use of Digital Currency instead of Cryptocurrency. That was even the reason I had the little interest in it. But wasn't enough to convince me.
...after the offer you would have invested your $1500 directly, that would have still be a lot better...
1. I had no knowledge about how the whole thing worked. Wanted to learn it but didn't even know where to start from.2. I didn't want to appear as stealing his business secret. At that time, it was to me as if the Investment plan was his exclusive right.
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