Topic: How I Missed Out of a 10 Year Bitcoin Investment Plan - page 7. (Read 1477 times)

As at that time, Bitcoin was trading at $1 per BTC and the total mined 2,981,300 BTC. I don't know how many of it were available then. Didn't even know what that meant. Was just listening and reading from the proposal.

Well, I won't say you're 100% right because the guy did believe it will continue to rise and created a model to back his claims. But beside him and probably few others like him, no one else, including me, believed such would ever be possible.

Instead of regretting about what was missed out, I believe that we are still having many more opportunities if we plan up for next 10 years. In next 10 years bitcoin definitely will value more than 10 million dollars (this year's speculation is $100k and in ext 4 years it will be 1 million and in 8 years 10 millions dollars). So, planning up from today onward definitely will help anyone.

Even if you are not able to invest any big money right now you can plan up investing on every month so that you can make some decent profit in next 10 years.

I believe most people might have understood the potential of bitcoin right now but the problem with most of the investors is, they are getting excited when they are seeing 2x or 5x profits and then go profit booking or when bitcoin market is falling down for some 25% to 50% then they get panic and then exiting.

You need to trust on the potential of bitcoin for next 10 years so that you can enjoy similar profits.

Every day new people are learning about Bitcoin and are benefiting by investing in Bitcoin. It's not that you missed out on the opportunity to buy Bitcoin before, in fact, Opportunity depends on your holding time, there is no doubt that 5 years from today some newcomers will think today was the opportunity to buy Bitcoin.
Long story short, forget about the past and make a new plan from here, still, we are in a growing phase.

Of course and it was. A stranger came and told you than a magic internet currency would rise by 10,000,000%. This sounds nothing, but vague.

Look, your reaction was COMPLETELY justified and I'd do the same if I were you. The problem of this missed opportunity lies on the lack of knowledge. You didn't know what was bitcoin. If someone had come to me and said this, I'd definitely search what the hell that thing is, just out of curiosity. (And so did I)

So, I'd say you lost this opportunity not due to your denial of the investment plan, but because you didn't read what it is. If you had read how both bitcoin and our monetary system work, you may had bought few billion sats.

Lesson (hopefully) learnt; stack sats.

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.

@Coupable, As at that time, I knew very little or nothing about Bitcoin. Perhaps his intention was to scam me. I can't say for sure but his presentation was quite convincing.

I think the plan was to buy over times, maybe throughout the first 1,2,3 years but he just needed an Investment capital for it.

While the presentation was interesting, the whole thing seemed vague to me, hence the reason i pulled out. 

Rather than regret those missed actions in the past, face whatever you will encounter today and have the guts to enter crypto on its current status.

Don't blame yourself that you missed a train before because there's no way we can predict the outcome in the first place. If you will just keep thinking about what you did in the past, you will just forever be struck on that thinking and will have difficulty facing the current trend.

It's not the end. Act now.

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 you meet someone who doesn't know that you are a successful investor (doesn't know you in person either) and has little/No knowledge about cryptocurrencies, and you told him your story with bitcoin in early days, do you think he will be convinced to set an investment budget of 50,000$ ?

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.

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

It was early 2011 on a Wednesday morning that someone called me on the phone to inquire if I was in the office, that he'd be heading to my office in few hours to discuss an important business proposal. I wanted to ignore, but decided to allow him come over, since it was a business discussion. So I obliged to the request and asked him to make in the next one hour, that I might be having another meeting in two hours.

47 minutes later, the guy was in my office fully prepared and radiating with confidence. After we exchanged greetings and brief instructions, he presented me with the papers full of charts and models, explaining how Bitcoin was going to rise from  $1 to $100,000.00 in the next 10 years. I didn't know whether to laugh, be angry, dismiss him, or to take him serious. I asked him what he was doing for a living, he said Bitcoin. Nothing else but Bitcoin. That he buy and sell and sometimes, hold for a while before selling. He explained to me how Bitcoin ruse from $0.001 to $1, and how much he made. Showed me some evidence, and how Bitcoin will continue to rise over the next 10years.

I was slightly convinced and somehow developing interest. But the whole idea of investing in an unknown virtual asset on the premise that it will gain 10,000% increase over the 10 years was completely a bad joke for me. I wanted to risk $1,500 but he was looking for $50,000 or nothing. The share formula was 30/70 and the agreement would be that there'll be no selling off, no matter the reason, until 10 years. Even if Bitcoin moved to $100k before the time, or trended backward to zero, that nothing would make us sell until the agreed time. That was what scared me off completely and made me to turn him down.

If I had accepted that offer, the $50,000.00 would have acquired 50,000 units of Bitcoin.

At the current rate, my 70% share would have worth:

BTC50,000 x $62,000
= $3,100,000,000.00.

    3,100,000,000.00 ÷ 100
    = $31,000,000.00

         31,000,000 × 70
         = $2,170,000,000.00.

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!

That's by the way though, but one thing I learned from the proposal (which is the reason I decided to share it ) is that it's important to always have target and set time for your Crypto Investment. If you continue to Hodl without set time and target, you'll either Hodl forever because there'll be no end to your expectations, or you sell at the wrong time.

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.

I'm new here but not new with Crypto. As time goes on, I'll be sharing some of the ideas and personal experiences I've had over the years as time permits.


What's your current plan?