Topic: My bitcoin journey mistakes and moral lesson (Read 562 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.

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
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.

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.

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.

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 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.

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👺👺

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.

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.

Definitely a problem. Many people knows how profitable it is to invest in this industry but not all people knows how to handle risk from doing so. Some would wait for prices to fall and once the market does, they would still hesitate to invest. Some would invest during peak season and would regret once a market crash occur. The idea behind crypto investment is investing at any market price  wherein you can endure any market price behavior for a long run. Indeed short term investment has its place in this industry but be sure to know what you are doing sucb as with the right price to exist and make another entry. If not? go with long term vision 'coz based on charts, the market price is continuously but not consistently, moving upward.

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.

I'm guessing the OP was quite young when he stumbled upon Bitcoin in 2016 and couldn't purchase it himself. This actually reminds me of myself in 2013 or 2014, when I requested my parents' permission to buy Bitcoin because, even though I had the money lying around, having always saved money from a young age, I didn't have the means to pay. I was underage, approximately 15 years old if I remember correctly, and thus didn't qualify for KYC, didn't have a debit or credit card, nor were PayPal purchases possible, supposing that I had an account; I created one later on.

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!!

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.

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

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.

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.


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.

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.

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.

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.

Like how I often tell my friends about opportunities for them that, instead of helping them with money, help them make money on their own hands, don't depend too much on your chances on anyone, this life because we decide it for ourselves, even if there are many failures and not achieving the desired results, we still need to look at it in a positive way that we are not really good enough and make efforts to get the results we deserve, and need to try harder. Even when I entered this market there were many difficulties but the things that I learned were many, I saw it as a miniature world describing these life things happening, so I look back and be grateful they are grateful for all the things in this life.

If there were times when you heard about Bitcoin and learned about it, and someone gave you advice on Bitcoin and you may have been amazed by what was explained to you, that is your choice, it is possible that it was also during those times that you somehow understood the concept of Bitcoin so you were able to invest in it.

But as others have said, Bitcoin does not dictate us to buy it but it is in our hands and decision if we want to have it. That's why if anyone can give you advice on this matter, you can do some research here before you decide to actually buy it. But the thing important in this matter is that you've learned from your mistakes, and this is the most important I guess.

Some people are like that, their parents will take them so close and make them so special that most times it's impossible for them to make independent decisions. My mom loved me so much in my childhood days but most times she will encourage me to man up and take decisions and she also taught me how to embrace the consequences of any such decisions I made.

She achieved this by refusing to give me some advice when I ask from her. She will tell me that she is a woman that such thing I ask from her is supposed to be handled by myself. She will allow me make mistakes and correct them.
In the other hand, my dad saw me as a born genius, he doesn't find fault neither does he caution me in any steps I take.

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Op, some disappointments are lessons. Bitcoin is still here and bitcoin is affordable. The ball is in your cut.

I don't regret any of my Bitcoin investment mistakes, I lost some money to altcoins when I was a newbie and that's when I understand that Bitcoin is far safer than altcoins.

I had to go back and focus more on Bitcoin and I converted most of my Altcoins into Bitcoin for long term holding.

I also lost my wallet backup to scammers, and it cost me a lot of money back then, though it's something I can call a small amount now, but then, it's a lot to me because I don't have a lot of money then.

Mistakes in crypto investment will make your IQ grow higher and you will learn a lot after the random mistakes.

This is why I always try to advise people about using their instinct also not just their knowledge and understanding because sometimes there are more safety from having instinct .
then be happy for that , hoping that in the days to come you will recover what you all missed and act wrongly in the past .

Your journey, buddy, underscores a classic investor's dilemma: taking counsel or trusting your instinct. In your saga, the prudent voices blocked a wealth of growth. Remember Buffett's words, "Fear when others are greedy, and be greedy when others are fearful."

All advice isnt worthy, even from well-intentioned loved ones. A tough lesson, especially in Bitcoin's choppy waters, where popular knowledge often misses the mark.

Did your Bitcoin wisdom come from traditional schools? No! It was forged in the crucible of online hubs like bitcointalk, through reading, learning, and engaging with the enlightened. Thats what we're about, right?

As you aptly put it, "In chasing success, loss becomes a lesson for avoiding repetition." This journey, this learning curve, is your true investment, impervious to scammers.

I always say, if you want financial advice, go to the experts... not to family and friends. I started buying bitcoins when the price was at about $300 and all my family and friends told me that I was crazy. They said it was unregulated and illegal and that it will never grow into something of significance.

They were wrong in so many ways and I proved them wrong when I sold some of those coins for $40 000+  This technology is still in it's early days of existence, but you have to look at the flaws in the Fiat system to see the potential in this technology. 

How old are you?

It's true all parents will want the best for their children, but do you think you and your parent have a same mind, same skill, same hobby, same personality and other same thing? if you both are different, every advice or forbid by your parents shouldn't be followed.

@OP was saying if his parent say Bitcoin is scam, since you're already know about Bitcoin since you joined this forum, do you agree if Bitcoin is scam?

This is a typical of strict parent, when you choose their decision, they will happy even though you're not happy. When you choose your own decision, they will angry and start to blame you when you make a wrong decision.

I've learnt and encounter so many key ideas in the market, currently I'm ready to exercise patience with bitcoin, because I have missed our on good entries on the project, if I don't hold myself, I might take drastic decisions which I may face the repercussions later, so I just stay calm and wait for new opportunities.  We all make crucial mistakes in the pasts which we live to regret till this present day, there's absolutely nothing to bother about, because looking at the future, we have more journeys to accomplish and it's never too late to invest in bitcoin.

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.

It's not a bad idea to seek advice from his mother. Mother are the best in the world and they always want the best for their children. By the way, we can not tell the age of the poster and in that case, he might still be under the control of his mother due to his age. Allow people to recommend and suggest for you because sometimes it might be more effective and helpful than your own decisions.

Reason why we have to verify information and weigh advices according to the information we gather.  No one to blame except ourselves if we happen to miss opportunities because we listened to the naysayers.  Our life our decision, no one can force us to do other's bidding unless we allowed it ourselves.


No pain, no gain, just like if the risk is high, the possibility of high reward is huge.  And we can avoid losing to be able to learn by simply learning from other's mistakes.  We don't have to experience all the loses in order to learn since we can always make an example of other's personal experience.


I agree, besides we are the only one who knows ourselves.  People who are confident with what they are doing and firmly believe on their ability, they never give a damn on what other people have to say.


I think you failed to do your own research and rely on other's to decide thing for you.  But well, as long as we learn on our mistakes, there is always a better future lies ahead for us.

Even though your family members always have good intentions and wish you luck, they may not fully understand the potential of Bitcoin investments. Instead, they tend to focus on the potential risks rather than the potential benefits. However, it's not entirely their fault; it's actually your responsibility to explain Bitcoin to them properly, and you may have failed to do so. Fortunately, being in this forum indicates that you're in the right place to broaden your knowledge about cryptocurrencies. Remember to engage your critical thinking skills and learn extensively about risk management in order to make informed decisions.

You have taken the example of bitcoin as your great opportunity that you let go, but in reality the opportunities are there, although bitcoin has been shining very fast for many and this makes its history appealing, but there are many other avenues where you can put your hopes and it is best not to join entirely to a single type of investment.

The mistake was not not joining bitcoin at the time, the mistake was not getting other opportunities, that is actually the real mistake in the situations that arise.

You're right, but some people might be too lazy to do some quick searches. But it's possible that the OP wasn't too interested in the discussion about bitcoin because he seemed so focused on his investment plan. After all, not everyone who invests in bitcoin uses the bitcointalk discussion forum, but they can discuss elsewhere online too.

We know bitcointalk isn't the only discussion forum about bitcoin, so it's still plausible that some of them didn't discover this forum in the early days. Unless they recommended another user here after some time.

You wouldnt really be finding yourself to be that progressive if you are really that a fan on always looking up into your past mistakes which it is something that you should really be avoiding in the first place.
On the time that you do step your foot into this market then you should really be anticipating that losses would really be coming on your way. There's no way that you could be able to avoid or simply this is something
unavoidable because this is how reality do works.There's no way on taking up shortcuts and theres no way that you could really be avoiding those.

Instead on making these mistakes are your hindrances and regrets then it would be better on treating these things are your learning curves or simply stepping stones towards your progress.
You wouldn't really learn if you wont really be that able to experience up such things because we know that market is unpredictable, even the most professional traders do losses,
how much more into those who are just new? Take small steps and make progress on which this would be your main goal or aim.

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.

Good thing about you OP is that you know exactly what to do now with bitcoin investment and how to make it work just by investing at a small amount at first. Do your own diligence in exploring more about the forum and learn everything you need to learn. Know that if you have doubts with your investment, the forum is a great channel to help you by raising some questions and right after, a lot of answers will certainly come to you. So no need to regret with your past mistake. What is important is that you are already doing what you supposed to do before by not relying anymore from the people around you.

Basically, whatever and however happened, all of those were our final decision to do something, even the result is good or not.
Tjat is why before deciding something, we must have several considerations, more importantly, we must consider them woselu, smatrtly, and also appropriately. Additionally, having knowledge about something especially in this crypto after told by someone else and ezplore it is also a must. Moreover on the crypto business, when going to inbest in Bitcoin, we must have enough time to lear it all. So, at least, we have tried our efforts to understand what we are going to invest. Sometimes, O feel also regret ofmy past decision about not inveating in Bitcoin early. But this doesn't matter. Sometimes I think enoufh that probably it is because I was not ready that for this, especially for the risk. But now, we must be ready of those.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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. 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.

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.


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


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.

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.

People around you have the ability to affect you, and you will be the same with the people you deal with. That is why you must find a friend who will always look to protect you. They are the ones who will give you good advise. However, you are still the one who can make the decision, and because it is your life, you must not put all your trust to others. To make smart decisions, you must not only sit and wait for advise; you must also spend time reading books that will help you become a better person. I understand that not everything you learn in books will come true in our lives, but the knowledge we get will enable us to generate ideas that will us to make the best decision.

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.

You could find that site https://bitcoin.org/en/ and get the link to Bitcointalk at https://bitcoin.org/en/community

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..

Although it is good to get pieces of advice from other people, it doesn't mean that you should make decisions based on them. You just take them all and weigh things, do research, and make a decision yourself. Many people want to give advice, even on things they know nothing about. Many around me speak as if they're experts, as if they are authority in everything. I listen to them but I don't necessarily follow them.

I learn not only because some advice given to me about Bitcoin were wrong but because I also used to give the wrong Bitcoin advice. I also used to think Bitcoin is a scam.

There is no room for regrets because there is still the opportunity to buy and hodl. The price of Bitcoin will still go up so we should take advantage of the opportunity at our disposal. I am sure in a few years people will also regret that they didn't buy at the current price. Yes, you lost a good opportunity to buy but it shouldn't be the reason not to seek advice from people. But we should always take advice from people that are proficient in the area we intend to invest. You are regretting that you didn't buy in 2016, but you might have lost it because you were not well informed about securing your coins. There is always a need to be grateful.

His age when this event happened should be considered. Maybe he was young and depended on his parents for advice. Their advice on this matter might be wrong but I am sure they have been helpful in other ways. However, we must make our own decision and be ready to withstand the consequences, especially when we are not depending on anyone for survival or support.

There are many people who come late to invest in bitcoin for various reasons, but it's never too late to enter investment because opportunities are open to anyone and are never limited, but what must be understood is how far we understand how to make the right investment Because it takes consistency in collecting bitcoins in the absence of large capital support and knowledge is an innovation that can lead one to conclusions.

Bitcoin has shown its existence even though there is a risk in it, many people don't understand the travel pattern so they don't draw conclusions when investing. When someone understands how to make the right investment, many people will come to invest in bitcoin independently, it's never too late and the opportunity depends on how you take advantage of it.

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

When you're really want to eat a pizza, your mama will forbid it and say it's not good for your health. When you're want to hangout with your friends into a club, your mama will forbid it and say there's no good reason to go. When you're fall in love with a girl, your mama will forbid it because she's jealous and will threat you're a rebellious child.

Learn to be mature and make sure no one can control your decision especially in financial.

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.

We should not regret what is out of our hands, I know at the start, it was in your hand to follow the one who was giving you the advice to invest in BTC but you were afraid to do so and in my POV you did the right thing by not following them. Even it could make you rich but still as I said do not regret it at that moment what if things went sideways and instead of being rich you could end up as poorer?

The point is, we should always avail ourselves the opportunities even if we have less or more money, and risk is a factor that keeps everyone going and far away too. Because, if becoming rich without any risk factor would be a thing then everyone on earth will be rich now. I also made up my mind to buy BTC with my cousin, but we didn't have money so we thought we should borrow some money at that time we both were not earning any money as we both were students and dependent on our parent's money. So I suggest him to drop this idea as it contains so much risk and additional stress in our life. Why we should step into such a mess of borrowing money first and then investing in BTC in the hope to earn more is still a doubt.

At that time, we both didn't have any idea about BTC halving so I only saw it as a token that will gain value when there will be more demand and it does but we were both afraid to take the risk and dropped the idea. But if we took the risk then we will have earned a lot of profit in 2021 (at the time of the new ATH). But as I said do not regret what is out of our hands now.

We should focus on the current situation because if you had gained the knowledge which you lacked before then you must be more confident about BTC price than before. So, what is your idea now, are you ready to take the risk now or not? If I were you, yeah I will take the risk and invest in BTC. (It is just my opinion, not a financial advice).

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.