Topic: My feelings after 11 years with crypto. (Read 3452 times)

I believe that there will be many people who have your experience, and it is useless to regret. But as an early participant, or when Bitcoin first started, you were lucky enough to join. What I want to ask is: Have you studied Bitcoin in depth and improved your awareness while doing your job well? But I hope you will not be discouraged. It is still in the early stage of Bitcoin. Every day is a new beginning, and you can participate. Keep a good attitude. Good luck.

Many have sold their bitcoins at an early age and at a low price. But, the matter is that mostly thinks that the price would likely be low at those early times.
That's whoever have held for a long time and have been a solid believer of bitcoin then he/she deserves those profit that he had been through. It's okay that you're seeing those people buying their homes and cars and that's what they deserve. That's part of life and investing could really make you rich or it'll make you disappointed at the end because you've made a decision at that time that you have to sell because you've got nothing else to sell for most important thing on that day in the past.

Besides all that has been said, I would like to add that it is never too late to start over. At the moment, starting probably in the spring of this year, I started all over again and started buying bitcoin, but now everything looks more complicated, the price is higher, but there have always been and will always be difficulties. You can start over and achieve even greater results, the most important thing is to understand that there are people nearby for whom you want to do this.

This is a simple understanding for @beej I think it is true that he should focus on bitcoin more than any other coin which will not have the potential for the future, maybe we can look at his previous history of Bitcoin being so extraordinary with prices that continue to rise so this is as Proving the history of the past will certainly be important and I will understand how the bitcoin cycle will happen again in the future. I so believe.

4-10 years may be too long for him, there can be no DCA system or other means with the accumulation of his purchases, for me he just has to keep bitcoins for two years he will feel how to actually hold it, of course it will take a long time but at least with his belief that bitcoin is the future and also now is not too late to buy then it must be principally as a valuable coin meaning that it can store as long as possible will feel how bitcoin will be big later.

Never ever be tempted by a new project especially with big APY offers, HYPE, FOMO, and that has to be faced for @beej until you win with the full Bitcoin goal.

You're right, maybe the OP will regret it more when he prefers to keep his bitcoins. What you do is right even if you lose bitcoins but you still have something more valuable than that. After all, saving someone would be more important than anything else. If I were in the OP's position I would do the same thing as the OP did.
Just imagine if you don't do it for your wife, maybe you will regret it from now on and maybe you can't forgive yourself.
Maybe I will say, do not regret because something you do is more valuable than anything.

Forget the past about it all, because it only makes you disappointed. You sell Bitcoin from savings to treat your sick wife and save your wife. That's something commendable. This Bitcoin is worth nothing compared to your wife. What you have to do now is try to get back to getting Bitcoin even though it is not comparable to what you got in the past. I am touched to hear your story and your struggle.

No one is going to get to "passive income" status with bitcoin or with any other "crypto" until after they have spent a decent amount of time building their investment portfolio... and if we focus on bitcoin, and do not get caught up in the various bullshit ideas of yield and a lot of that crap that causes people to store their bitcoin (or crypto) with third parties who may well end up gambling with their coins.

So if the goals are to work up to getting to some kind of a status in which you are able to live off of your bitcoin, then it seems to me that there is a need to build the bitcoin holdings to a high enough level that there are feelings of stability and security.. and that is likely to take most people a pretty damned long time, even if the come to bitcoin with a decent amount of capital/value that they want to inject (invest) into it in order to complement other investments that they might have.

If your investment is only in bitcoin, or only in bitcoin and dollars then there is a certain amount of risks and difficulties to deal with the ongoing and expected continued volatility of bitcoin, so having other investments can balance that out.. or another way to balance it out is to reach a status of being overinvested in order to be able to evaluate your the value of your holdings in terms of their bottom price (potential) rather than getting too caught up with the ups and downs.. .. but at the same time, none of us can really escape the roller coaster aspects of the ups and down of bitcoin, yet another question remains about how much to put into bitcoin, how much to retain in bitcoin, and what are appropriate and comfortable allocations into other assets.

Does anyone know appropriate and comfortable allocations of bitcoin as compared with other assets?  It's likely tailored differently for the circumstances of each person, right?

I am not against the idea of passive income, but I am bothered by it being used in ways that make it sound as if it is easy to achieve.. which a lot of marketers like to throw around such term, including trying to get you to invest into get rich quick schemes, and most of the time, it is going to take a decent amount of time to build up to "passive" income, and some income is more passive than other income as well. in terms of how much work is necessary and how much sitting back and relaxing is going to be in the cards?


One thing is to try to stay focused on bitcoin first instead of getting all distracted with various other projects.  Once you get some good grasp of bitcoin and establish your position in bitcoin, then maybe you can take a small portion of your stash and fuck around with other stuff.. but it really does not seem to be necessary to get involved in a whole bunch of bullshit with other things until you really establish yourself with bitcoin first.

Establishing yourself with bitcoin could take 4-10 years or longer - just depending on your situation, how much value you come to bitcoin with and your methods and strategies for investing into it.

Sure, we can look back at history and presume that bitcoin already had a "good run;" however, we continue to be in pretty damned early days.  Historically bitcoin was difficult to use and difficult to get into, and there are still some of the technical issues and lack of user-friendliness issues and also various ways that you can fuck up by not storing your bitcoin properly, not having proper back ups or otherwise screwing yourself to become parted with your coins.

So it seems to me that we are still pretty early days in bitcoin, even if you think that everyone has heard of it, but still we have relatively low investment levels in terms of the whole population, and even though there has already been decent price appreciation, there is still likely more upside to come - no guarantees with anything, of course.

Well I too have my own share of regrets with regards
to cryptocurrency and investments. I do wish I had
invested earlier when prices were low and bitcoins in
my country was not that much of a big deal. During
2010 until 2015, there was so much skepticism and
doubt about it, scams were always on the news and
people mostly associated cryptocurrency as one.
It was a different time then, even trading platforms
and bitcoin wallets were limited, very few options
were available in my country. But still bitcoins
prevailed over the years and now with all the other
crypto out there, it has sprouted and grown higher.
Even a 10 year old neighbor of mine has a bitcoin
wallet and knows the trends and nfts and stuff.
Im hopeful things are not that too late, prices are
a bit dipping right now so it’s a good start to probably
get back at it. Never too late.

Many people are still coming to testify about the good of Bitcoin, and how it has helped them to overcame many things in the environment. Since many newbies are using this bear market to purchase Bitcoin and hold for the price to move higher before they can sell to make a passive incomes from the market, will also make them to regret why they did not know Bitcoin Bitcoin on time in the community. It Never too late to know Bitcoin, but the most important thing with Bitcoin investment, try your possible best to carry out your personal research to know when to sell to make a passive incomes and know when to buy Bitcoin not to miss the next opportunity.

Totally agree, I think that as long as you are alive, opportunities are always going to arise and there's only one way to approach those opportunities which is seizing, that's why I am still alright even when the market is going down, I know that it's just a stint in the market and it's not a permanent thing.

Yeah, if people would have thought that bitcoin could reach such heights many would have surely hold their bitcoins.
In fact there are some people who are still holding their coins and enjoying the ride.
There is a Youtuber from the early days who begged people to buy few bitcoins back then and it was only a few dollars worth then.
On the other hand there are others who spent 10k BTC on a pizza yet they don't regret their decision.
So it pretty much depends on us on how to react on our own decision. We can either regret or move on to find better opportunities.

I think the temptation must be there because we don't know when it will happen, but anticipation must remain given the current inflation situation, of course there will be little influence for us, therefore separating other investments from Bitcoin I will do for balance so that I can own Bitcoin in a different way which is safe without any problems, it's not all in the big Bitcoin reserves but at least I've never gone through how to set aside a gratuity for that Bitcoin and it has been my choice for a long time.

Well of course there must be fiat reserves but for my fiat not in crypto form but storing in the bank to make it safer and also easy to use at any time, this fiat reserve is always the main thing than other investments because after all if there is a decline in my income maybe I can use this spare money and not interfere with other plans that have been implemented, I will still try to balance in terms of my income and expenses every month, but with that record we can know how much we are keeping and also input into the investment Well, that's right, there must be a careful calculation in order to keep it stable, that's what I want in the future.

Learning is important, every time I explore social media I always pick up words that I think are good, and always be an inspiration that I will instill.

you are not alone, I am like that, make it motivation to grow, not even despair,
all there is a way to reach the level of satisfaction in life
very grateful at this time. because below us there are still those who are not as lucky as us who know crypto and have felt the results of crypto itself

Sometimes there can be temptations to dip into your BTC too.. so I am glad that you have resolve to keep your bitcoin investment separate from your other matters, and if you keep a sufficient balance in your life, then you may be able to have enough luck in terms of never having to dip into your BTC reserves except at a time that is totally of your own choosing.

Sometimes you might learn to keep a certain quantity of fiat as your "always reserves", and then some things might come up (expenses or loss of income) in which you notice that your reserves are getting sucked dry and you may well not be holding enough reserves, so when you go through the "tight cash" period of time, you learn your borders.. and maybe you learn to keep a tiny bit more as your reserves, but then sometimes the opposite scenario might occur, and you may well realize that your cushion has been so great that you feel comfortable to slim down your cushion at least for a short period of time, and you may well even determine that you are able to make a long term change to keeping your cushion at a lower amount than you had previously kept  - and part of the reason for your ability to confidently make adjustments, is that the more that you prepare and plan ahead, then the more practiced you get at determining how much of a cushion you are able to keep without starting to feel too anxious about whether you have enough or if you have too much and you have reached an overall comfortable balance that you have tested over and over.. and you are continuing to learn even while getting better at it.. (hopefully).


Of course, bitcoin allows normal people to hold their own private keys. 

And, sure investing through a "trusted platform" might be part of the solution, but another part of the solution is understanding and appreciating that there are additional kinds of risks when you are keeping your coins with third parties, and even if you decide to continue to keep some of your coins with third parties, there are ways to learn ways to keep your coins (your private keys), and the more value that you hold, the more  important it becomes to learn about various ways to keep your private keys and to attempt to take away third party risk.

We know that holding your own keys is not free from risk, and there are a decent number of people who have lost access to their private keys because they did not adequately secure their private keys... so the amount of learning about private key management is not any kind of trivial manner, and may well need practice on at least a yearly basis and maybe even changes in ways that keys are held..

If you save your private keys but you do not save a back up, or you are sloppy with your back up, then those are risks as well because you might develop a false sense of security or too much complication and end up locking yourself out of your coins.


What are you doing, then Techkoy407?

Do you have a plan? 

Have you bought any BTC?

Best way to prepare is to get started as soon as possible.. especially if we are talking about bitcoin and not some other topic.

Hello Brandon.

As @JayJuanGee has stated under the topic I quoted, this forum has so many generous people who are ready to help anyone when in difficult times. One example you can see here [Donations] Fundraising for the Floods disaster in Pakistan.

Please help me to answer some of the questions below.

• How old are you.?
• What is your job now.?
• How is your health condition?
• Are you a perfect human (not disabled).?

At the opening of the topic you said that you had worked in an IT company, meaning you have experience and are very computer literate.

Start Innovating in this forum, you can dig a lot of knowledge here to get more decent money. Do new things, such as opening a management spreadsheets and signature service on the Board Services or another job that is more worthy than being a beggar.

Come on buddy, stop doing things like this. There is still much you can do to earn money in a more respectful way.

calm down my friend

I also didn't know and didn't think that bitcoin would be this expensive,
if only at that time I bought only 10 BTC and I sold the BTC when the price was going up,
that would be awesome,

Let bygones be bygones
Don't get too caught up in regret
maybe not his

what is certain from now on, I will not waste the opportunity and will continue to look for that opportunity,

spirit.

At least you have tried very well, even though the results are not satisfactory but you get more experience than other people. But if you keep remembering this incident, of course you will not be able to move on and will be trapped in a deep abyss. You should start a new life from now on, if later you get better results, then invest in bitcoin with a trusted platform to avoid fraud again.

Many of the early bitcoiners sold their earnings once the price raised or after the crash, some others in between for low price.
There is another part that stopped dealing with bitcoin although having funds and lost every connection with those frozen and lost forever money.
I assume most people didn't expect to see Bitcoin skyrocketing that high otherwise the situation would be different.
I joined in the middle of the actual road if we could say that, so I have an idea about the past and it was sad for many and glorious for a couple of people.

From that experience we can learn to think intelligently how to have experienced darkness but over time we can think smartly to be able to manage well in terms of our monthly salary finances.
I think you have differentiated well for long-term plans of course those are all plans that we want to invest in bitcoin but have a savings fund and there is also an emergency fund that has all been taken into account for future situations.

I also do the same thing where every monthly salary there must be a certain allocation divided into several percent, DCA, savings, rent, emergency funds and the rest are daily necessities, I have committed to my family that this plan must be done as early as possible, don't until later when we urgently have an emergency fund that can be used and investment funds for the future of my family and children, because I also want a brighter future because of this plan.

During the long journey of my investment in bitcoin only 0.5BTC is currently in hand, this will be maintained forever and continue to earn from DCA as a long term addition.

Gaining knowledge is more important than earning in Bitcoin. Now many people say that Bitcoin will not return to its previous state or that it is not possible to earn from Bitcoin due to the bad market. But those who are new, who don't know the past of Bitcoin are still working and earning with interest. But after some time, their interest will also decrease. And they regret that if they had known about Bitcoin 11 years earlier, they would have known better.Likewise 11 years later newbies will regret that they could have learned better about Bitcoin 11 years ago. It will continue like this. And this is because people are more interested in gaining knowledge than earning in Bitcoin.