Topic: My bitcoin journey mistakes and moral lesson (Read 575 times)
You can't blame your parent and siblings because then they did not know about Bitcoin, in my country the government believes Bitcoin will generate more greed in society which can lead to several immoral exercises and that is why they stopped the trade but who knew what they are into continued by looking for an alternative to the restriction they gave.
moral Lesson:
when people give you advice, their intention may be good for you, but unknowingly to them that they have temporarily or permanently made you lose a lifetime opportunity that's if you listen to their advice. after listening to individual advice, it is your duty and decision as a person to filter the advice before making use of the ones you see that will be helpful to you. There is no harm in trying new ideas, just imagine, if I had attempted such innovations, even if is with a small amount of money, may be by now I would have been rich.
Its still not too late though on which you could really be still able to make out some investment and does still have chance on making profits not only limited to bitcoin but also in other altcoins as well on which we arent when people give you advice, their intention may be good for you, but unknowingly to them that they have temporarily or permanently made you lose a lifetime opportunity that's if you listen to their advice. after listening to individual advice, it is your duty and decision as a person to filter the advice before making use of the ones you see that will be helpful to you. There is no harm in trying new ideas, just imagine, if I had attempted such innovations, even if is with a small amount of money, may be by now I would have been rich.
still on a bull run on which there's still chance on making money or profits. Its true that if you do make yourself get easily believe on what others been saying then most likely you would really be able to miss up those lifetime opportunities which might lead with that never ending kind of regret because you would really be thinking that if you havent followed on what they have said then you might really be that rich as of this moment
and this is something that wont really be removed into someones mind but well as most people been saying that its not still that late to make out some crypto investment as of this moment.
Just that dont make yourself that too careless on making investment decisions and still be that careful on which project you would be putting your money in because we know that this market does still
have lots or tons of shit projects on which you would be needing to look at or else you would really be that victimized with it.
In 2016, when I first heard about Bitcoin. I never had any knowledge of the existence of a bitcointalk forum or even a detailed idea of Bitcoin itself, the first mistake I made was to listen to people's advice in respect to investing in Bitcoin. When I started reading and researching about bitcoin and its technology, A time came when I made up my mind to invest my little savings in it, but I decided to involve my parents, siblings and friends so that we can invest concurrently. But They came to the conclusion that bitcoin and all online investments are scams and I should not make such a wrong step if not, that am going to lose my money, I was confuse at that point, I thought of how I manage to save such amount of money, the fear of losing it, And what will be my fate if I lose it to scammers made me to succumb to their suggestion, in all, this got me dissuaded, this made me give up in knowing more about Cryptocurrency in general, and my investment plan in this indistructive decentralized digital currency (Bitcoin) and because I had no idea that a forum like Bitcointalk where new ideas are shared and bitcoin matters are been discussed by different people is in existence, but the good thing now is that even though I got notice of this forum late, I have learned numerous things in a short time here, for this reason I am always open to learning at any time from anybody.
moral Lesson:
when people give you advice, their intention may be good for you, but unknowingly to them that they have temporarily or permanently made you lose a lifetime opportunity that's if you listen to their advice. after listening to individual advice, it is your duty and decision as a person to filter the advice before making use of the ones you see that will be helpful to you. There is no harm in trying new ideas, just imagine, if I had attempted such innovations, even if is with a small amount of money, may be by now I would have been rich.
In this life, If you want to grow financially, one risk or the other must be involved.
In the pursuit of success, you must lose to learn a particular technique for the avoidance of its repetition.
Don't live your life according to the criticism and dictates around you, If not, you will be suffocated with stained ideas, as long as you don't cause people's pain, chase your dreams, enquire and develop yourself in such a way that people will see you as a role model. People must talk, just be who you are, and be committed to making your dreams a reality.
I am where I am today because I was unable to understand the value of making use of my instinct, But at least the knowledge I have about Bitcoin in the recent time is very tremendous more than before, from now onward nobody will ever discourage me from investing in any commodity that I see as a profitable one, no matter the risk that's involved. I will take it, There is no harm in trying with a small amount of money.
Yes, you are correct that we shouldn't take people's advice if we want to grow financially, but we must listen to the majority of advice—not all of it—since some people may not be knowledgeable about bitcoin. For example, when it comes to bitcoin and you decide to invest in it, I believe the mistake you made there was failing to inquire more about bitcoin investors, including whether they make money when they do so or lose money. You can move on and accept the risk in it if you do that and discover that nobody lost money while investing in it.moral Lesson:
when people give you advice, their intention may be good for you, but unknowingly to them that they have temporarily or permanently made you lose a lifetime opportunity that's if you listen to their advice. after listening to individual advice, it is your duty and decision as a person to filter the advice before making use of the ones you see that will be helpful to you. There is no harm in trying new ideas, just imagine, if I had attempted such innovations, even if is with a small amount of money, may be by now I would have been rich.
In this life, If you want to grow financially, one risk or the other must be involved.
In the pursuit of success, you must lose to learn a particular technique for the avoidance of its repetition.
Don't live your life according to the criticism and dictates around you, If not, you will be suffocated with stained ideas, as long as you don't cause people's pain, chase your dreams, enquire and develop yourself in such a way that people will see you as a role model. People must talk, just be who you are, and be committed to making your dreams a reality.
I am where I am today because I was unable to understand the value of making use of my instinct, But at least the knowledge I have about Bitcoin in the recent time is very tremendous more than before, from now onward nobody will ever discourage me from investing in any commodity that I see as a profitable one, no matter the risk that's involved. I will take it, There is no harm in trying with a small amount of money.
At this point, you don't need to regret not starting your bitcoin investments now; the time is now, not when you first learned about bitcoin, so you shouldn't have any regrets about it.
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I ignore people's investing advices all the time. And most of the time i've been right. I have missed 2-3 moon rockets because of not listening but also avoided 100+ rug pulls and crashes. When people are giving you an investment advice, they are usually shilling their own bags, and yes sometimes they are right about it but don't trust them blindly. When you study whitepapers by yourself you might find gems yourself. I know i did.
In hindsight you always see clearly what you needed to do. But remember that most of the people aren't giving investment advices because they are just good people.
Usually I will try to verify other people's investment advice and not just ignore it and not fully use it. Everyone has the mind to think and analyze something that is suggested by others, if the form of suggestions and input is not in accordance with the implementation then it is better to leave it. Not all investment advice from other people is bad, but intelligence is needed in analyzing and re-verifying because reason and brain function are created for that. The problem is when we are able to think but do not carry out, have instincts that are not applied and has insight but is not used in the right place.In hindsight you always see clearly what you needed to do. But remember that most of the people aren't giving investment advices because they are just good people.
In the last stage a person has instincts when his brain is unable to digest suggestions and input from other people. Often times for me personally to use this method to decide something and even though the level of accuracy is not always right, one's instincts are much stronger than the advice and input of others. Investment only talks about one's strategy and way of starting and when the time is right everything will definitely go well, at least that's what I experienced and learned from many things.
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There's a saying among people that "one risk will not kill you." Although some risk can kill the person, but when it comes to money and investment, one can manage their risk so that when an investment ends badly, it will not have a very bad effect on them. Speaking of Bitcoin investment, you are not being compelled to invest a huge amount. To invest in Bitcoin, you have the freedom to buy even if it's as low as $5, and perhaps in December 2016, Bitcoin's price was as low as $900+. Even if you had just bought $100 (0.105) worth of Bitcoin as of then, with today's price, it would have given you about +3000% on your investment.
Your story is one to learn from, and if you get advice from people, you could just think of trying it out a bit. If you had $1000 that you wanted to invest, you would have just tried to put in a small amount like the $100, But it's good you are here, and I believe you are still on time to accumulate your Bitcoin.
Cheers 🥂, Dr.Bitcoin_strange👺👺
Your story is one to learn from, and if you get advice from people, you could just think of trying it out a bit. If you had $1000 that you wanted to invest, you would have just tried to put in a small amount like the $100, But it's good you are here, and I believe you are still on time to accumulate your Bitcoin.
Cheers 🥂, Dr.Bitcoin_strange👺👺
In a corrupted world, everything is inverted. The good is evil while the evil is good.
Whatever a corrupted mind believes will eventually get to others... it's like an infection that gradually spread until the whole body is infected. A disease first contacted by consuming the wrong kind of knowledge and trusting it which then spreads from cell to cell from person to person forming a network of nodes, in their millions, like darkened cobwebs, darkened by the infection. You must be seperate from this network, never connect to it else you become infected, turned into a zombie and hating on Bitcoin. Diligently seek the Truth or True Knowledge, you will find it, then connect with the Source of the truth and be with them, independent of the darkened Network.
Bitcoin is way better than the alternative, which the zombies completely trust. The alternative is a fiat system, a system of slavery but they have been blinded and cannot understand.
Whatever a corrupted mind believes will eventually get to others... it's like an infection that gradually spread until the whole body is infected. A disease first contacted by consuming the wrong kind of knowledge and trusting it which then spreads from cell to cell from person to person forming a network of nodes, in their millions, like darkened cobwebs, darkened by the infection. You must be seperate from this network, never connect to it else you become infected, turned into a zombie and hating on Bitcoin. Diligently seek the Truth or True Knowledge, you will find it, then connect with the Source of the truth and be with them, independent of the darkened Network.
Bitcoin is way better than the alternative, which the zombies completely trust. The alternative is a fiat system, a system of slavery but they have been blinded and cannot understand.
I ignore people's investing advices all the time. And most of the time i've been right. I have missed 2-3 moon rockets because of not listening but also avoided 100+ rug pulls and crashes. When people are giving you an investment advice, they are usually shilling their own bags, and yes sometimes they are right about it but don't trust them blindly. When you study whitepapers by yourself you might find gems yourself. I know i did.
In hindsight you always see clearly what you needed to do. But remember that most of the people aren't giving investment advices because they are just good people.
In hindsight you always see clearly what you needed to do. But remember that most of the people aren't giving investment advices because they are just good people.
from now onward nobody will ever discourage me from investing in any commodity that I see as a profitable one, no matter the risk that's involved. I will take it, There is no harm in trying with a small amount of money.
That’s FOMO talking, just because you missed out on investing in bitcoin in 2016 when the price was low doesn’t mean you should be any less sceptical of investments that may seem profitable. Invest what you can afford to lose, there is lot of risks involved in investing in cryptocurrencies, altcoins are known to be very profitable and have made some investors millionaires but there are lot more people who have lost money to altcoins, and rug pull scams. Bitcoin is the only crypto investment I can solidly stand behind 100percent.
from now onward nobody will ever discourage me from investing in any commodity that I see as a profitable one, no matter the risk that's involved. I will take it, There is no harm in trying with a small amount of money.
That’s FOMO talking, just because you missed out on investing in bitcoin in 2016 when the price was low doesn’t mean you should be any less sceptical of investments that may seem profitable. Invest what you can afford to lose, there is lot of risks involved in investing in cryptocurrencies, altcoins are known to be very profitable and have made some investors millionaires but there are lot more people who have lost money to altcoins, and rug pull scams. Bitcoin is the only crypto investment I can solidly stand behind 100percent. 
In 2016, when I first heard about Bitcoin. I never had any knowledge of the existence of a bitcointalk forum or even a detailed idea of Bitcoin itself, the first mistake I made was to listen to people's advice in respect to investing in Bitcoin. When I started reading and researching about bitcoin and its technology, A time came when I made up my mind to invest my little savings in it, but I decided to involve my parents, siblings and friends so that we can invest concurrently. But They came to the conclusion that bitcoin and all online investments are scams and I should not make such a wrong step if not, that am going to lose my money, I was confuse at that point
I'm sorry but I am a little confused now: I guess back in 2016 you were pretty young, hence the decision to talk about this investment opportunity with your parents, etc, so probably at your age you already knew how to use internet and look for information. Now you're telling us that your parents and friends made you change your mind because, I quote, "They came to the conclusion that bitcoin and all online investments are scams"? How did they do this kind of research? Where did they find this info? Did you look as well? Or did you just trust their word? I mean, seriously, I would never ask my parents for an opinion about bitcoin, they have no idea what it is and they have no idea how to find info about it. Probably you didn't believe in bitcoin enough to take the risk and buy otherwise no way you would have just trusted them.Unfortunately, I missed the opportunity because I couldn't persuade my parents to let me use their card; they are completely oblivious to innovation, let alone cryptocurrencies, and in that way, they thought they were protecting me. Oh boy, were they wrong.
Reading your experience, it is inevitable for me to think about how the factors of the development of each person's life (social, economic, etc.) make us more or less susceptible to external influences. Even though it is a story that, as other posts infer, is more general than something fully focused on bitcoin or the financial world itself, it seems important to me to highlight how what I mentioned at the beginning can be harmful in any aspect of our lives and especially when it is about taking initiatives or risks, personally I have learned that many times my own experience forges a better character and ability to make decisions of all kinds, in one way or another learning is always a win and as you mention, having taken the initiative to which you agreed, perhaps starting with little money, unless even if you had lost it (a slim chance and even more so for the time considering the exponential rise of bitcoin), you would still have had a significant learning experience on your own And that is what would have really counted regardless of the results, however it is a past and therefore it cannot be changed, it only remains to look to the future with encouragement and a little more fearlessness!!
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I've discovered that there is no man alive who does not have one regret or the other, several of us missed investing in bitcoin at the right time, or at the time we thought or think was right, but the truth I've come to discover (maybe I am yet to totally believe though) is that things happen to us at their right time, the universe have designed things to be that way..
@op, If when you discovered bitcoin was the right Time for you to invest in it, you would have faced no hindrances, I myself discovered bitcoin in 2015, but it took me till 2017 or so, before I could afford to buy a very small of bitcoin, and this was due to lack of money, though I didn't buy bitcoin when I really needed to, but I am still very happy wit how much far I've come.
@op, If when you discovered bitcoin was the right Time for you to invest in it, you would have faced no hindrances, I myself discovered bitcoin in 2015, but it took me till 2017 or so, before I could afford to buy a very small of bitcoin, and this was due to lack of money, though I didn't buy bitcoin when I really needed to, but I am still very happy wit how much far I've come.
Anyone who want to succeed or become successful in bitcoin investment doesn't need solicits knowledge of investing in cryptocurrency with the parents or siblings which the person knows the siblings is very myopic of bitcoin investment, so you want to be successful in any investment don't seek opinion from someone who is ignorant of the investment, for you to achieve your goals or dream you most obtain information from someone you know that have given such investment a trial so that you will obtain the right advice from the person, I believe that you need to know exactly not to seek opinion from people that no nothing with bitcoin
In this life, If you want to grow financially, one risk or the other must be involved.
In the pursuit of success, you must lose to learn a particular technique for the avoidance of its repetition.
Don't live your life according to the criticism and dictates around you, If not, you will be suffocated with stained ideas, as long as you don't cause people's pain, chase your dreams, enquire and develop yourself in such a way that people will see you as a role model. People must talk, just be who you are, and be committed to making your dreams a reality.
In the pursuit of success, you must lose to learn a particular technique for the avoidance of its repetition.
Don't live your life according to the criticism and dictates around you, If not, you will be suffocated with stained ideas, as long as you don't cause people's pain, chase your dreams, enquire and develop yourself in such a way that people will see you as a role model. People must talk, just be who you are, and be committed to making your dreams a reality.
Everyone has regrets because we didn't take opportunities that came to us in the past, right now you have to forget whatever has happened and focus on the future. Now that you're into Bitcoin fully, you should start accumulating Bitcoin now that the value is lower than it was last two years. Buy Bitcoin because if you make the same mistakes twice then you're not determined to become successful, don't give excuses this time.
To become successful you have to be ready to take risks then you weren't ready to take risk because people that want to succeed don't care about others opinion, they only focus on what they believe will make them successful, you made a mistake then, don't make the mistakes again start buying Bitcoin.
In 2016, when I first heard about Bitcoin. I never had any knowledge of the existence of a bitcointalk forum or even a detailed idea of Bitcoin itself, the first mistake I made was to listen to people's advice in respect to investing in Bitcoin. When I started reading and researching about bitcoin and its technology, A time came when I made up my mind to invest my little savings in it, but I decided to involve my parents, siblings and friends so that we can invest concurrently. But They came to the conclusion that bitcoin and all online investments are scams and I should not make such a wrong step if not, that am going to lose my money, I was confuse at that point, I thought of how I manage to save such amount of money, the fear of losing it
I believe that those sets of people that easily change their minds over what they hear from other people and their decisions easily are people that don't believe in themselves, and what mostly causes weak decisions is weak knowledge. op I may say that you were easily confused by your parents and friends decisions because you didn't have appropriate knowledge about Bitcoin at that time back,and maybe you aren't fully interested in investing in Bitcoin. If not, you will always find ways to prove their advice wrong by doing your own research in any way possible.
Quote
In this life, If you want to grow financially, one risk or the other must be involved.
In the pursuit of success, you must lose to learn a particular technique for the avoidance of its repetition.
In the pursuit of success, you must lose to learn a particular technique for the avoidance of its repetition.
Yes, that is true, but it should be said with the proper information; otherwise, you will keep getting it incorrect.There are some people who participate in gambling but never make it through it, and they still haven't given up because they think playing roles of risk is necessary to succeed in life. This shows that not everything we do requires us to take risks.Therefore, do not simply expose yourself to risk without adequate knowledge.
Investing together is fun, but hopefully he will remember that the risks must be borne together and there should not be envy if the value of the investment that each will obtain is different.
Usually, if you invest together, each person will have a different monetary value so the profit value will vary later.
That is why if he wants to invest, he should do it alone and not involve other people so that the responsibility will not be too big.
Many people will become greedy when they see the benefits already in front of them so they think about increasing their money to invest even though it is not always a good decision.
And investing in bitcoin is a personal investment that doesn't involve other people, so this is our responsibility and not our responsibility to other people.
Usually, if you invest together, each person will have a different monetary value so the profit value will vary later.
That is why if he wants to invest, he should do it alone and not involve other people so that the responsibility will not be too big.
Many people will become greedy when they see the benefits already in front of them so they think about increasing their money to invest even though it is not always a good decision.
And investing in bitcoin is a personal investment that doesn't involve other people, so this is our responsibility and not our responsibility to other people.
Since you got some idea about Bitcoin in 2016 and were keen to invest then you could have made huge profits now if you took advantage of your golden opportunity. It would be best for you to invest in Bitcoin if you don't listen to others on your own. You have gained knowledge and expertise from various places on this forum. And if you invest in this knowledge and skills, there will definitely be hope for good things in the future. But it's really unfortunate when you miss such a golden opportunity, if you had never heard of such a person and had invested in Bitcoin, your golden opportunity would have been successful. Now you can invest in Bitcoin again if you want, there are still opportunities to invest, the market is in a good position. So if you invest your skills and hold on to Bitcoin then your future will be bright.
It's nice the op wanted to involve the family into an investment, so that it's something done together, but I agree that it's better to make personal investment decisions (unless you share a budget with someone, like a spouse, and then you need to discuss it and reach a common ground). I think it's common for people here to avoid giving investment advice and stress the importance of people doing their own research, so I'm sure you have a lot of like-minded people here, op.
If it's your money, you can afford to lose it and want to invest, it's nobody else's decision. Unless you're a minor, of course.
If it's your money, you can afford to lose it and want to invest, it's nobody else's decision. Unless you're a minor, of course.
I am where I am today because I was unable to understand the value of making use of my instinct, But at least the knowledge I have about Bitcoin in the recent time is very tremendous more than before, from now onward nobody will ever discourage me from investing in any commodity that I see as a profitable one, no matter the risk that's involved. I will take it, There is no harm in trying with a small amount of money.
Well! when a person is fully prepared about what he is about going to do, he mostly gets it, and when you have to take your time to invest in knowledge first before taking any step to invest in bitcoins, you probably gonna succeed and in the middle of your waiting with you long term investment, you can easily practice patience and perseverance because that's the thing you must need to survive the non-stop criticizing by those people that are hostile against bitcoins. When you have all the necessary knowledge, you can easily pass these storms and you will surprise that one day you are now experiencing the same stories you read from the success stories of the people that hold their bitcoins for the long term.
No worries because you finally learnt about this forum and you still got the opportunity to learn about Bitcoin from the reputed members of the forum. It's always important to let go of the past mistakes because if we start regretting about our past wrong decisions then we won't be able to progress in this life. Many people have missed the opportunities in Bitcoin's time and later on in other crypto-currencies. However, I must say that you aren't late in getting involved into Bitcoin because even in its current price Bitcoin is quite cheap. In future Bitcoin can be worth in millions, and if we don't accumulate Bitcoin in this time then we will regret once again when Bitcoin's price crosses $1 million price value.
I recommend you to let go of past and start thinking about present opportunities. This forum is the best place in the world because here people won't misguide those who have no knowledge about Bitcoin, but they will instead guide them about Bitcoin in the most proper way possible. Many people have missed opportunities in past, and if they regret about past even if they are still in good health then those people won't be happy even if they earn millions of dollars per year. We should always be grateful for what we have, and we should never be dishearten by our past decisions.
I recommend you to let go of past and start thinking about present opportunities. This forum is the best place in the world because here people won't misguide those who have no knowledge about Bitcoin, but they will instead guide them about Bitcoin in the most proper way possible. Many people have missed opportunities in past, and if they regret about past even if they are still in good health then those people won't be happy even if they earn millions of dollars per year. We should always be grateful for what we have, and we should never be dishearten by our past decisions.
This is what I am always reminding myself also, move on and don't let the past dictate your future.
Look at the bright side and it is never too late if you will start moving forward by thinking of your future plans.
At the end of the day, it is your life and it is your hard-earned money, so you are free to choose where you want to invest it.
People will always talk but the real work is up to you. Are you going to be discouraged by these talks?
If you know what you're doing, then, you can always move forward, but remember along the way, you will also gain some learnings in life.
Past is past and it should not affect our present or future. Our past decisions are gone long ago and if we stuck with those past experiences then our future can't be bright. Life is a journey my friend and in this journey we will have to face good and bad times, but I have noticed a thing that in bad times very few people really care about you while most of the people don't even care about anything that happened to you. We should work day and night in our young age in order to have a better future for us.
The good experiences make us happy while the bad experiences teach us life lessons. It's our own decisions and our actions that could impact our life in a better way or worse way. I agree with you that moving forward is needed and it's our own experience that could teach us life lessons. I believe that a person can only be financially free if he/she works hard and no matter how hard the life is they still stick with their plans. The same is true for the ones who invest in Bitcoin, if they have patience and they hold their Bitcoin then they could have financial freedom in future, however if they don't hold for long time and sell in fear then they will regret about their decisions when its price reaches highest levels.
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