I don't know why people around here think they can get rich in a year. Of course there are stories like this, but most of the time you have to settle for more reasonable returns. Compared to other areas, I am doing very well % wise in the crypto world. But if you start with 100$ and double it every year (%wise an impossibly good return) then you still will never be rich. Unless I live a very long time I guess.
You just have to look at it like this: if you like the crypto world, and you like what it has done for you, then stay. But if for some reason you don't like it, then you can leave too. Or you can leave from active trading and investing, and just hold what you already have.
If you want to get rich? Spread the word. Get a bitcoin bumper sticker. Ask local retailers if they accept it for payment, and then use it to buy some lattes. Tell your friends about it and explain why it is not a ponzi scheme. It pretty simple, the more people use it, the more it will be worth.
But not too soon, I like the low price so I can get more cheap. I would be happy to see these prices for another 5 years. (dodges tomatoes)
Topic: My 1 Year and 1/2 experience in Bitcoin world - page 2. (Read 1459 times)
I hate to be a downer but I am severely depressed by all this. I used to be one of the biggest supporters of Bitcoin you could find. Just look at my first 4000 posts.
Now it is all gone. Four years of almost constant daily Bitcoin involvement, gone. My wife never understood Bitcoin, now she does not understand it and HATES everything about it - and rightfully so.
Now it is all gone. Four years of almost constant daily Bitcoin involvement, gone. My wife never understood Bitcoin, now she does not understand it and HATES everything about it - and rightfully so.
I have been arrested by Homeland Security, thrown in county jail for one night, then into solitary confinement for two nights in a federal jail, had my house and business raided, had my clients business raided, lost my contract, they took all my computers and all the cash and Bitcoins they could get their hands on, spend almost $300,000 on legal fees, finally the case was dismissed. Still trying to get my passport back from whoever has it (maybe the Federal court, maybe the Department of State). All profits I have made for the last four years plus a lot of my retirement savings are gone. Had to take out a second mortgage on the house to pay all the lawyers.
All for just trading Bitcoins on Localbitcoins.com
All for just trading Bitcoins on Localbitcoins.com
Ouch. Hard lessons.
It is more to do with discovering the absolute power of the state, than anything to do with Bitcoin, I would say.
The state tends to come down hard on anything it does not understand.
Do you really want Bitcoin to change your life? Be careful what you ask for.
I sure has changed mine:
I have been arrested by Homeland Security, thrown in county jail for one night, then into solitary confinement for two nights in a federal jail, had my house and business raided, had my clients business raided, lost my contract, they took all my computers and all the cash and Bitcoins they could get their hands on, spend almost $300,000 on legal fees, finally the case was dismissed. Still trying to get my passport back from whoever has it (maybe the Federal court, maybe the Department of State). All profits I have made for the last four years plus a lot of my retirement savings are gone. Had to take out a second mortgage on the house to pay all the lawyers.
All for just trading Bitcoins on Localbitcoins.com
Count your blessings dude.
More info at www.burtw.com and www.jmwagner.com
PS, yes, I have learned a lot in the last few months - but it was about things I never wanted to learn about.
I sure has changed mine:
I have been arrested by Homeland Security, thrown in county jail for one night, then into solitary confinement for two nights in a federal jail, had my house and business raided, had my clients business raided, lost my contract, they took all my computers and all the cash and Bitcoins they could get their hands on, spend almost $300,000 on legal fees, finally the case was dismissed. Still trying to get my passport back from whoever has it (maybe the Federal court, maybe the Department of State). All profits I have made for the last four years plus a lot of my retirement savings are gone. Had to take out a second mortgage on the house to pay all the lawyers.
All for just trading Bitcoins on Localbitcoins.com
Count your blessings dude.
More info at www.burtw.com and www.jmwagner.com
PS, yes, I have learned a lot in the last few months - but it was about things I never wanted to learn about.
You've learned a lot about bitcoin. Remember; Knowledge is everything.
If you have it then they'll come to you to learn. And your experience will worth more than you've spend on it to learn.
If you have it then they'll come to you to learn. And your experience will worth more than you've spend on it to learn.
OP i believe you are failing to realize that progress takes time; you won't get rich with bitcoin if you don't either make large trades, run a bitcoin service,
or invest and hold until bitcoin hopefully gets more spread out.
The point i'm trying to make is that it takes time to monetize on bitcoin, both that and eventually you need to take some risks, without that you won't get far, trust me.
btw is there some particular change you were expecting to happen ?
cheers
or invest and hold until bitcoin hopefully gets more spread out.
The point i'm trying to make is that it takes time to monetize on bitcoin, both that and eventually you need to take some risks, without that you won't get far, trust me.
btw is there some particular change you were expecting to happen ?
cheers
You're doing fine. I find it curious how you say Bitcoin didn't change your life. I've been around Bitcoin only a few months more than you and it definitely changed my life. It's not part of my daily routine and it made me see money and finances very differently... And made me aware that's possible to keep your own money safely without trusting banks. If that's not changing one's life, then I don't know what it is 
Most of us became rich in our 2nd week of being introduced to bitcoin,you must be doing something wrong. 
I have been "playing" bitcoin since first day i knew about it in early january 2014 i have done a lot of thing in bitcoin such as buying bitcoin just to save in online wallet, Mining with hardware, buy cloudmining contracts, Trading for fiat, Trading for Altcoin, saving bitcoin to paper wallet, and try to redeem private key from paper wallet joint to the local and international bitcoin community and etc..but from the begining untill now and with all 1.5 Years experience and then i found there is nothing have changed in my life i mean as simple as i say those are not yet make me a rich man. And then there is a question that i want to say : is there a something wrong with my decision about bitcoin
Only if you were expecting to be a rich man in 1.5 years.
I'm failing to grasp the point of this thread. Are you saying that neither one of those things had any major affect in your life?
What decision exactly? Your English is kind of making it a bit tough to properly understand.
What decision exactly? Your English is kind of making it a bit tough to properly understand.
I have been "playing" bitcoin since first day i knew about it in early january 2014 i have done a lot of thing in bitcoin such as buying bitcoin just to save in online wallet, Mining with hardware, buy cloudmining contracts, Trading for fiat, Trading for Altcoin, saving bitcoin to paper wallet, and try to redeem private key from paper wallet joint to the local and international bitcoin community and etc..but from the begining untill now and with all 1.5 Years experience and then i found there is nothing have changed in my life i mean as simple as i say those are not yet make me a rich man. And then there is a question that i want to say : is there a something wrong with my decision about bitcoin
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