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Topic: My bitcoin journey mistakes and moral lesson - page 3. (Read 562 times)

hero member
Activity: 3052
Merit: 685
There’s a single thing I’ll probably never understand: why people pretend they know everything without ever researching the subject. I’ve got friends who years ago I was trying to convince to invest at least a small portion of their savings in BTC and they were aggressively contradicting my facts with their imagined thoughts and beliefs. I get that mainstream media gets you to believe a thing although it’s not always true, but it’s very annoying. Don’t tell me something’s a scam if you don’t even know what I’m talking about.

Follow your instinct and don’t let yourself be emotionally disrupted by the thoughts of those around you. I found they often pulled me back from my plans and now I have many plans I regret not following because I know they would’ve been successful. But that doesn’t matter - if they were wrong 10 times they’ll continue to be wrong an 11th time too..
People will always have a lot to say just to pull you back, it’s up to you if you still stick to your decision or just believe that they might be right and you’re wrong. However, remind yourself that you will never grow and be successful if you keep relying from other people’s point of view. Just accept the fact that sometimes our decision may be a contradiction from their own decision so we need not to hang in there but prove to them that what we are doing is reasonable. That way, there’s no regretting in the end because we never missed any opportunity again just like before because we now have faith in our investment.
hero member
Activity: 3024
Merit: 745
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That's okay, maybe you're just destined that time to just know bitcoin but not to invest. A lot of stories are similar to you and even if there's the regret, it's okay because you can't anything from that moment and what's done is done and you only have to move on.
When you're able right now and realizes that missed opportunity that has passed then you can still correct those mistakes and regrets that you've got before. So looking at that experience, from now, you'll be DCAing and start buying before another opportunity will be missed since it is you alone that knows what you're doing.
hero member
Activity: 2954
Merit: 672
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There is never too late to join with Bitcoins; yes, you missed a golden opportunity in 2016, but at the current price of Bitcoins, it’s not less than any golden opportunity. It’s always ideal to never invest your hard-earned money on other people’s advice. It’s always beneficial that you should do a personal research and then only invest in that. I'm glad to see that you finally found out so many things about Bitcoins and also about this amazing forum. Now don’t think about or regret your past. Just right now, buy as many Bitcoins as you can and hold them for some time.
Bitcoin regardless of its price will always be a good and valuable investment so which means everyday is a good time to invest. And as long as you invest an amount that you can afford and that you can easily manage to lose, then that’s perfect  knowing you did also an intensive research before investing. I just hope this time you will come to take advantage every opportunity that comes and not just be influenced by other people’s decisions. Bitcoin is legit and reputable investment so just keep your faith and always trust the process.
member
Activity: 994
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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.



Generally, in life not Everytime you form your decision based on the advice of others, just like you said, they may mean well for you, but will only advice you based on their own depth of knowledge. They will advice you based on what they know and if they don't know enough, then they end up misguiding you.
Get informed and make informed decisions rather than seeking the opinions of others.
sr. member
Activity: 546
Merit: 342
In this case, both the one advising and the person who is being advised are both ignorant to the technology so the outcome should not be surprising.  Besides, most people in btc today also share similar experience and regrets but what is most important is making plans for the future if not that is when the real regrets will occur.
If you are convinced that in the next 10 years btc will be extremely high in price then buying now is not late.
Yeah because thats the best thing anyone who is planning on investing could do for himself because rather than you regretting of past bear season and the imaginable profits you could have gather during those period you rather focus that energy and makes plan to buy and hold because this particular period is also a golden opportunity to buy compare when bitcoin start sky rocketing.
hero member
Activity: 2478
Merit: 695
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In this case, both the one advising and the person who is being advised are both ignorant to the technology so the outcome should not be surprising.  Besides, most people in btc today also share similar experience and regrets but what is most important is making plans for the future if not that is when the real regrets will occur.
If you are convinced that in the next 10 years btc will be extremely high in price then buying now is not late.
sr. member
Activity: 2366
Merit: 448
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Because no one controls bitcoin, so I don't trust anyone to tell me about bitcoin except for some of my friends who have been in this industry for a long time and before I knew bitcoin, including me here.
Even though in the past many said that bitcoin was fraud and I didn't believe it because I had done my own research and also suggestions from some of my friends so I wasn't affected.
and in my opinion to get to know bitcoin further we must have awareness and also be independent to look for things that can convince us because there are still many people who do not know and understand bitcoin and they are trying to influence us, so you should never be influenced by those who do not understand bitcoin because if affected you will regret it later.
hero member
Activity: 1540
Merit: 772
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.
The best people are those who realize that they are trying to achieve their dreams in the midst of negligence.
To achieve a goal, we must have a big heart with an open chest and be able to distinguish between criticism and insults.
So, criticism is a route of life to reach the goal. If those who criticize are people who are already experts in their fields with evidence that we can see, for me it will be very helpful as long as they are committed to goals.
sr. member
Activity: 350
Merit: 288
There is no harm in trying with a small amount of money.

In my opinion, in the story you told, the problem is not whether to follow someone's advice, and also not that you can risk a small amount, but that you did not understand enough about where you wanted to invest your money. Also, those who gave you advice did not understand this, so their advice was not substantive.

If someone gives good advice and explains why they give that particular advice, it makes sense to think about this advice and accept or not accept it based on the information that you receive. And shrugging off advice just to invest in something new is not the smartest idea. If tomorrow someone offers to invest in selling snow in Antarctica to polar bears, it does not matter that the amount of investment may be small, this is clearly not an enterprise in which it makes sense to invest. But we understand this because we have sufficient preliminary data to analyze its prospects.

Every time it makes sense to think, and not take action blindly.
copper member
Activity: 2800
Merit: 1179
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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.


It’s not bad listening other people advice especially if they are successful in life. I will take all day Elon Musk advice if he will give me some. Cheesy The point is, You can get experience and knowledge on story of other successful person and add it to our own personal knowledge to make our finacial journey better. This applicable on Bitcoin too. If some random guy or friend that nothing to prove or not even successful give you an advice then don’t bother thinking about it because their advice doesn't have any value.

In my experience, I start on Bitcoin by being victim of ponzi and mlm scam which I thought that is a good a source of income since no one give me an advice about danger on crypto. I loss a lot and learned a lot in exchange. I think you can avoid this kind of painful part of your journey if you can have someone that can give you a valuable advice.
legendary
Activity: 1596
Merit: 1288
The focus of the conversation is about the forum, but it has nothing to do with bitcoin and the forum. It is true that the forum is a good place to get knowledge, but there are many places through which you can learn about bitcoin and invest well. You have YouTube GitHub and many sites from which you learn trading, technical information and a lot.

It is not too late, you can start now, and invest a little, and in 3 years it will multiply 4 times, and then you sell it at the highest peak and buy at the bottom. This is about 12 times the investment, which may equal a large amount in the coming years.
full member
Activity: 658
Merit: 158
BTC Rocks
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.
You are not too late and you can now make your decision because still have time to enter. But maybe you will make a new topic about your mistake if you miss this opportunity. After halving we can predict a huge pump.

After all it's your life and the decisions are your. You must have knowledge about others advise and research more to know about what you are going to do. So before investing everyone should have at least basic knowledge about his investment and it's a must. If you could learn about the advantages and the risks of investing in Bitcoin. it will make your investment as a potential investment. Without having knowledge will make your decision more worst than gambling. And Bitcoin investment isn't a form of gambling at all. So Now I think you are conscious about your decisions.
Best wishes for you OP.
sr. member
Activity: 784
Merit: 372
Since you discovered Bitcoin in 2016, it was better for you to invest without fear. But you were a victim of a terrible situation and the advice of people around you. But now the time that Bitcoin is in is not much less than 2016. January 2023 was a good time to invest when Bitcoin price touched 15.5k. And now is a good time to correct the mistake of 2016 and invest in the present.
Because the price of Bitcoin will definitely increase and investors will not die. Long term investment makes people's income longer and you invest bitcoin for long term without any advice. Because Bitcoin price was very low last week and is close to bull market and more Bitcoin price will increase.
hero member
Activity: 700
Merit: 541
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Due to the recent increase in post like this trying to fish merit I no longer fancy them unlike when I was still very new to the forum and read some inspirational stories about their challenges nowadays forum members don't even mind if they are lying or been sincere... I do hope yours doesn't fall into such catergory.

Are you a mama's boy? I feel bad because all of your decision in your life is always chosen by your mother.

If indeed what OP is saying is true then my guess is that, his age played a big role in him still listening to his parents and not being able to make his own personal decision.
Also judging from the fact that the Op has made a post in naija board I'd say his culture played its own role, it's normal for a 18-19 years old child to still listen to his parents for financial and investment advice because they perceive them as superior and as such just have this instinct that they are always right in whatever they engage in.
sr. member
Activity: 1624
Merit: 315
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As a beginner we intend to ask for advices and tips from people who already have experience from specific field. In my case, despite self learning online and some tips that you could get from youtubers or vloggers, of course you would know someone who's already have experience just like in the Bitcoin and you will ask them something like the basic knowledge and their advice. From that, we all have different scenarios and time that couldn't apply the same techniques so of course I've lose some funds but it helps me to improve as I need to rely on myself on this one. But it's a win-win situation if you've earn or lose as it will take as a lesson for you to grow.
legendary
Activity: 2716
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Being the same year wherein 2016 I also recognized Bitcoin as well as this forum.
I started learning Bitcoin and what the function of Bitcoin was at first, then a friend invited me to join this forum which then opened my mind that Bitcoin was broad and not just an ordinary coin.

But I never invited my friends or family to get involved in Bitcoin investments that I didn't understand at the time, because it would be very risky.

When you are a beginner who does not understand Bitcoin and what the risks are, it is a careless act so you will be blamed when the investment falls.
Even though Bitcoin's fall will be a higher rise in the next session.
If you keep your investment in 2016 until now, there will be many benefits to be gained.
hero member
Activity: 1274
Merit: 561
Leading Crypto Sports Betting & Casino Platform

That is another. The minute you start analysing stories like this you find points that don't hold water. You don't know how true the OP's story is and what his real intention was in writing it.

While reading his story and experience, it didn't sound new to me, I have read similar complaints multiple times in the forum and nothing can be done about it, since it all belongs to the past. The story never ends with a recent action, how much they've invested so far into bitcoin since they found the truth. Or is Op not yet sure that bitcoin is a good investment? Bitcoin aside, any investment should be taken without questioning and observe them to learn. Many people lose money everyday on different things believing that it'll pay off in future. I think Op should start investing now and not regret next time.
hero member
Activity: 2366
Merit: 838

That is another. The minute you start analysing stories like this you find points that don't hold water. You don't know how true the OP's story is and what his real intention was in writing it.
I read the topic but only quoted the above part to discuss. The rest part of this long story is like a fiction, not worth reading and fairly enough to say, what is a point or lesson from this story.

Last few days I read one or two more topics about members from 2016, 2017 rejoined he forum and wrote long stories. You can get any lesson from those stories or nothing, each reader will see it differently.
member
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Sometimes I get the impression that certain posts, especially OP posts about personal stories like this one, would be better placed on a blog than on a forum that pretends to be serious.

Are you a mama's boy? I feel bad because all of your decision in your life is always chosen by your mother.

I don't want to be too hard on the OP but that's what it sounded like to me.

In 2016, there was less noises from altcoins and altcoin forums like now. If you did your research with Internet and search engines, Bitcointalk forum would appear at top of Google Search.

It is myth if you searched on Internet and did not see Bitcointalk in the list.

That is another. The minute you start analysing stories like this you find points that don't hold water. You don't know how true the OP's story is and what his real intention was in writing it.
hero member
Activity: 924
Merit: 600
Watch&Pray.
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

Op you must know this, taking risk does not guarantee your financial growth but taking risk in investing on things you have knowledge of can increase your financial growth so don't see risk as a major determinant to succeed in life. When it comes to Bitcoin investmen, you don't lose to learn rather you learn to earn and you earn when you gain that is the reason why Bitcoin investors are always advised to have knowledge of the type of investment they want to venture in to before investing so that they don't end up taking risks that will see them lose funds as a result of lack of knowledge.

The only thing you lose in pursuit of success is time, the time you make out to get knowledge which will definitely help you to succeed tomorrow when you have gained a lot of knowledge from other investors so don't rush into any investment unless you have the proper knowledge of what you want to invest.
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