Topic: I found my Bitcoin books from 2016 - page 2. (Read 933 times)

Exactly my thought, although most people have made this early mistake but if we kinda look at it from one angle it's not actually a mistake but I would understand why it's supposedly called that maybe because of the lack of  proper planning and strategy towards the early Bitcoin investment you made but mistakes are actually meant to be a lesson for us and people around us to take to correction. But there is plenty of opportunity to make the right move in your Bitcoin investment as BTC is still very much in a stage where we can still make something out of it, the only issue here is to play the HODL game and accumulate as much and wait for time to fulfill its course.

That was an opportunity that time for you to have a bitcoin early, but we know the struggles of life we need to set a side some things do not help into our current state, so you keep choosing your family and there's nothing wrong with that because you have the opportunity, but you don't have the stand to invest as possible this can really serve a lesson that next in your journey will surely take this again. People too much overwhelming the use of the bitcoin so they make an investment without a proper execution because of FOMO at the end they will use their investment to survive in the daily basis. Hoping soon most of us will catch up for the next halving.

Altcoins? They are just the result of boring, desperate efforts to copy Bitcoin's genius. Its like trying to make a better wheel when its already been made. One cycle, two cycles... how many cycles does it take for people to see the blatantly obvious truth?

Mining altcoins with graphic cards? Its not just a bad bet; its illogical. Why would you waste your time and money on these short-lived projects when Bitcoin is the true king and the only one that matters? Exchanges are taking altcoins off their lists because even they know that these tokens dont last forever. Putting money into them is like throwing it into a hole with no bottom and hoping it will magically float back up.

It makes me laugh that people still fall for these so-called "altcoins." Bitcoin is the only choice that makes sense and is worth it. Everyone else is making things up.

I don't think you should blame yourself so much, I believe it is lack of appropriate knowledge of cryptocurrency that lead you to that direction. at first many of us were just told about cryptocurrency industry that when we invested in bitcoin we are going to make some profit with time but getting there some of us cannot differentiate Bitcoin from others altcoins,due to no appreciate knowledge, many of us  think they are same and insist for us to due to our own further research we refused and follow the steps people that introduced use to cryptocurrency industry or just follow the ideas of people that buying altcoin with aim of making quick profit, so buying shitcoin  because it  was pumping at time, thinking that how it will continue moving and with time we see it again dropping significantly in price, in our were mind because of we ignorance we keep hold it even it continue dropping thinking that one day it will pick again but at end it become dead coin.

From my little experience with investing in shitcoin, I will never invest in or advise anybody to invest in shitcoin again, especially any member who cannot do their own appropriate research for the shitcoin he or she wants to invest in. I invested in shitcoin when I saw the price of the shitcoin pumping seriously, but when I just invested in it for a few days, I lost over 60% of my invested funds just in a few days, and the way I was holding it, the price was continuing to drop, so I just sold it off in loss, and when I checked it back after a few months, the coin had become a dead coin.

Altcoins are shitcoins and very scarce altcoins can survive after one year or better one market cycle (about 4 years). If we check longer time like 2 market cycles, the number of survival altcoins will drop dramatically.

Most of altcoins die with time and with market cycles so it's painful to invest in altcoins. It is more painful if you invest in graphic cards for mining altcoins and see their prices drop with time but it's not worse. Their trading volumes fall with time, exchanges will delist coins with low trading volumes and I see it is more convenient and less risky to buy altcoins directly than mining them with graphic cards.

Best to avoid altcoins (shitcoins) and use most of your capital for Bitcoin.

Some of these old moves still haunt me today, I also focused on some altcoins, I spent money on graphic cards, but I made the mistake of mining altcoins, I could have focused on Bitcoin and Ethereum only, and maybe today I would have become an Ethereum whale at least but instead I started mining shit coins, then I don't even look at those coins like they are shit, who would have thought 🤔 so?

I ended up losing everything because those shitcoins have no value after a few months, some turned to scam, we all have learned the hard way but it's a greater lesson that are worth it, at least we aren't the same person we used to be back then, and brother, that's a big achievement.

I enjoyed your story and it is inspirational to those of us, like me who is still learning the best approach to investing in Bitcoin.
You were consistent despite the failure you had, you even made sacrifices and the money you saved up in BTC was of a better value when it was needed mostly.
This is why the decentralized system isn't going to fail as most fear.
Perhaps if your parents had known then that you had some crypto or close family knew, they would have found a way to sabotage your savings process with you regretting why you let them in on your plans.

You also won new fans and members who believe in cryptocurrency and the decentralized system in the persons of your parents, your brother and all those who must have heard how you provided funds when all hope was lost.

Way to go OP.

I know I should also be having good nostalgia from those days, although my days were really in 2017, but they were when I was so busy researching and supporting so many projects. Investing my own money and really "following the dream". Crash hurt me so bad though that I almost left, especially because I used so much of my BTC to "diversify" into alts.

Lessons were so learned that year lol.

I don't have any bitcoin books. However, I wrote a very small general introduction guide to bitcoin can't remember but I was very happy with it thinking that I know everything about bitcoin by then  

Yeah man, it was a wonderful unforgettable experience, those faucets pay themselves through ads, that's how they are able to keep those websites running, a single click to earn Satoshi on the faucet can display 4-6 ads and that generates money for the faucet owners too, it was only freebitco that has almost zero ads popping up on your computer but still they display other projects banner on their websites too, I am sure they are getting paid for doing that.

I wish faucets are still available today for young crypto projects that are very cheap but I guess it's not profitable to run anymore, only standalone websites that have other ways of making money are still in business, freebitco is also a gambling website that's why they are still up and running.

I remember that I also do the same!! What a treasure. I remember the days that I list faucet names on a notebook that I have to open it on computer that I am using. Most of the faucet back then is bombarded with ads and unlimited captcha problems and the current reward that time is so low but yeah if we convert it to today price, I can consider it as a good side hustle today if they offer the same reward but yeah faucets are dead. I wonder where is my same old notebook that I have back then.

What a good find man!

You're right, mistakes are the best teacher for whoever you are and surely it will help you a lot in terms of self-development and abilities. Many people are so ignorant of bitcoin's potential that they don't want to learn, but some people who have known so much before also made mistakes that they only regret today. If you don't want to repeat the same mistakes, then make them your best teacher for your upcoming days in bitcoin.

You can't completely avoid financially pressing situation as long as you don't have a lot of savings in reserve. You should not invest in bitcoin with all your savings budget if you have no other reserves. No one knows if they are financially secure in the future, so make sure you have some money in reserve before you decide to invest.

I don't know how I missed this topic but it was really educative knowing how others made mistake during their early bitcoin journey. Mistake is actually the best teacher but ignorance sometimes do drag us back, I was so eager and have always wished to be there when it all started and have said to myself in different imagination about the amount of BTC I would have stacked up if I only new about bitcoin much but after reading this thread some question just kept ringing in my head  and it was how do I know if I wouldn't have made similar mistakes or even more grevious mistake like this. Well I just I hope I won't have a situation that will lead me to sell almost all my coins in my portfolio especially now that we are heading towards a possible halving that can boost the market to a new price ATH.

Newbies in Bitcoining can surely learn a lot with your story OP but for us experienced Bitcoiners, we already know those because we have been on the same boat by the time we are just getting started. If let say you are more knowledgeable in Bitcoin, there are still scenarios that you can't avoid and there is still a chance that you will use/spend your Bitcoins.

This is something that we must not regret. If you want to know how much Bitcoin you have sold, you can always check your wallet history. If it doesn't have that option, you can try copying your receiving address and paste it in some Bitcoin block explorer like https://www.blockchain.com/explorer or https://blockchair.com/ . They should show the total Bitcoins that you have received in your wallet.

What an encouraging story, this is what many people need to be in the strong mood to accumulate Bitcoin, we all have our regrets as investors, I got serious about Bitcoin too very late, if not I would have invested some money that I wasted on unnecessary things in the past, so much regrets but I thank the almighty, I am still alive and striving.

great experience and quite unique data storage so that you can find memories that maybe everyone who first profited from the faucet became a rice box fighter for some profit, The dark atmosphere in 2017 on bitcoin I still remember it, I want to share stories too but it seems that the equipment and material that I wrote on my journey the first time I touched bitcoin might have been lost somewhere, because at that time I didn't really archive the writings that I made to get some satoshi, if only at that time I didn't panic and sell The bitcoin that I own and hold until now maybe I have a more luxurious life today, that regret.

That's nice of you to write down your story here on the forum. It's always nice to read other people's story with cryptos, even if they made mistakes. The funny thing is that 2016 was also the year when I got bitcoins, but unlike you I didn't buy any books. I only used online articles and the forum here to learn about bitcoin's. Now with hindsight I wish I would have invested more time into my crypto education. My biggest mistake was in 2016/7 to sell all my coins again and not stick around for the long run. Looking at bitcoin as a great tool to save money longterm is the best approach.

That was historical especially when the time bitcoin passed its all time high. Way back 2018 where I first know crypto but dont understand it fully. i just heard it from my classmate then it gets my attention, the price of it was too far to what it is right now. Everytime I remember it, the what ifs comes in my mind like, what If I have the means to buy 1 bitcoin when I first knew it, what if I keep holding my crypto in my wallet for years? But those are just what ifs, im still greatful to know crypto at a young age because it helps me a lot and I found friends in my crypto journey who are pushing me to become succesful to in life.

This is a great example to follow. I thought that it is better to trade altcoins, that they can give the best profit, and that there is nothing wrong with storing my coins on the exchange, but as it turned out, it is very dangerous, it’s good that I found out about it in time.

your story is very interesting, and I like the way you work hard to achieve your goal, which is to have bitcoin,

but of course, to achieve success, of course, you need to struggle because all successful people, of course, mostly come from the bottom first and feel suffering.

hopefully good luck to all of us in this forum.