Topic: My feelings after 11 years with crypto. - page 3. (Read 3447 times)

Trust me bitcoin in the next two years will be even higher even though I don't know how much you will benefit but until now it is still in the process of adding as many bitcoins as possible with a fairly long process, and I always say this should be enjoyed and never leave the main job because this is to maintain your needs and not interfere with the investment that has been running so far.
On twitter I always see positive news including Blomberg saying bitcoin will explode in two years.


There is always the saying, "Never put all your money in the basket" it's true never do this because of greed ambition so all of that must be balanced.
Some good investments to run

Investment in Real Estate
Invest in Gold
Investment in Mutual Fund
Invest in Stocks

On the time you do make out investment decisions on crypto space and lets say you are that included into those who are early adopters or investors on this market where the primary thing that
you would really be having on mind is to make out profits in a short time which means that selling on particular price point would be commonly the action that would be made by most people on that
time. Who had really thought that we would really be ending up on getting these high prices or value? No one does but there are ones who did really stick into their beliefs and hopes that
this one will really be huge on upcoming years to come and it is really been mixed some sort of luck on making up these decisions whether it would come true or not.

Yes you are right it hurts but remember that price fluctuates on larger degree, the time at which you invest in bitcoin so there was not such a high rate and now a days the rate is so up that not every person can make investment in bitcoin. You should get a lesson from you precursory experience and it will be better for you to be winning in coming years. Other thing is that never invest your complete reserve in crypto as there is no surety that it will allot you excess.

I saw your profile and indeed it will soon be the 8th anniversary of your account mate
As for the problem of knowledge in this case, it depends on everyone's wishes because indeed knowledge about things like this is now easy to get with a lot of information but as for the long or short time of crypto, it does not guarantee that the old ones also have more knowledge but of course there are those who do. distinguish between the old and the new, namely experience.

In this case actually when they decide to become day traders they should be aware of the consequences that must be obtained in this case and of course when they become day traders it is clear they have experience they should because people who try and don't have the understanding obviously won't be there so it's quite funny when they panic with such a situation because of course they do research and research before trade.

Right. The price of Bitcoin has increased from time to time, when viewed from the Bitcoin price movement that continues to grow from year to year, it can be said that Bitcoin investment is very profitable. Reckless actions by selling Bitcoin too quickly because they do not know Bitcoin can increase in the future, psychological difficulties can be experienced by anyone when they know the price of Bitcoin continues to increase because they have already sold it when the price was still low. This is also part of the cycle of life, regret will always come when we know the truth.

Past mistakes will be lessons for the future and other people's experiences can be used as personal experiences so as not to make the same mistakes.

You speak like a no coiner or a low coiner, Hamphser.

You might want to consider getting some bitcoin (or more than you already have) in case it catches on... #justsaying.

Well it is a fascinating story. I am sorry for everything that happened to you.  Yes crypto can give depression. You did well by registering inthis forum at least you have learned and used it to make profit before the disaster. Mining is one of the difficult and technical aspect in crypto business. But you were able to mine. You wouldn't quite from the job since you know that crypto is not stable.

I am very close to 8 years in crypto because on October 17th I will be 8 years in the forum, but my knowledge is still very narrow especially complicated issues about it. I don't have much experience to be proud of, but honestly crypto especially bitcoin has taught me a lot. Long or short our participation in crypto will not make us superior to others, that's not the problem because actually knowledge about crypto is unlimited considering that it continues to grow.

They are day traders, so it is a natural thing because the profit they want is not too much but they want to consistently make a profit. If they don't want to panic, then be a long-term investor or holder. Ignore price fluctuations and focus on the best price in the future.

In this case there have been many examples but strangely there are still so many people who do things like this.
Even though when they are not too sure about bitcoin then don't be here because this will only harm themselves. Many of them say they regret selling bitcoin when they are in a panic but when they see bitcoin drop in price their panic increases again and again.
The mindset needs to be changed a little, I think, because if things like this keep happening, it's not a profit you get but a loss again and again.

Come to mind off that on every investment then it do always accompanied with certain risk which means that losses is inevitable and there are things which we had  done in the past which might result that we do

able to miss out those opportunities to make big money or something that do really saves up on being wrecked and this is really depending on the situation because no one had actually know on what does the future holds.

If we do miss out the train and able to make out bad decisions into those early years then better move on and dont tend to look back because you would really be having a hard
time on doing that if you do really keep on looking those mistakes that you have done.

You are explaining the possibilities in bitcoin in such a narrow way dataispower.  Sure, you can either win or lose, but there is a lot more than that going on because each bitcoiner gets into bitcoin at a different point in time, and they also vary in the way that they get into their BTC investment, including that some folks may well consider getting into bitcoin to be good as long as the price goes up from their entry price point.  So surely some of these people can get out when their Bitcoin makes a dollar profits, or they can get scared into preserving the dollar value of their investment into BTC when they see the BTC price going down, rather than their presumption that it was going to go up.

So there can be a lot of differences in perspectives and even differences in regards to how to employ their perspectives to their BTC investing approach.

Also, there are quite a few people who have hardly no fucking clue what they are investing into, and they hardly know the difference between bitcoin and some other kind of crypto currency - whether referring to ethereum or some other shitcoin or even the various other products such as NFTs and defi products - and sometimes they have few clues in regards to potential dangers in third party custody and they get lured into products with a belief that they "need to" earn yield on their bitcoin.

The levels of personal investment portfolio can vary quite a bit, and even the experience level of the investor (including considering if they might own other assets and/or property) may well affect their approach to BTC investing too, so I am not even going to presume to know the so many ways that people make all of their assessments of value in regards to whether they believe that investing into BTC is helping them in light of their personal financial and psychological circumstances - even though we should be able to continue to appreciate that the overall level of bitcoin adoption continues to be quite low (maybe 1% or less of the world-wide population with some areas of the world having higher levels of adoption and some segments of society engaged in relatively high levels of BTC accumulation in anticipation of others coming into bitcoin in the coming years), and there are likely going to be more and more people coming into the bitcoin space and even those who already entered into bitcoin will be ongoingly assessing and reassessing the level of their BTC allocations, too.  

We should presume that some of us are going to be net BTC accumulators and others will be lessening the quantity of their BTC over time, whether purposefully or by accident, so for sure, we see that psychologically, some folks have difficulties getting back into bitcoin when they have lost money in the past, even though it seems to be quite likely that the better practice is for everyone to attempt to maintain some ongoing level of BTC allocation and the percentage of their wealth that is held in bitcoin is likely going to vary with some people being more prepared than others for what seems to be the largest wealth transfer in history that is happening through bitcoin and is likely to take many more years to play out.. 20 years to 200 years, and likely quite a few battles along the way, and some folks are not going to recognize and realize that they should have some kind of stake into bitcoin until at some later date in which they are not going to receive as many satoshis for the amount of value that they put into it (whether through buying it, mining it, selling goods or services for it or other means of getting it).

More active bitcoiner members in this forum are not too likely to be underallocating their value in bitcoin to the extent that they are able to allocate value into bitcoin, yet there are surely quite educated people in the "crypto" space who don't even really seem to understand how bitcoin is distinguishable from various other crypto assets/currencies, and surely sooner or later, it will likely become more common that even the various shitcoin speculators will realize that they should be retaining at least some of their value in bitcoin, even if they are fucking around with various pump and dump snake oil smoke and mirror baloney "crypto" assets.

So, I do not really disagree with you dataispower, even though I believe that it is better to recognize that there are quite a few more ways of considering these kinds of investment into bitcoin matters in terms that go beyond assessing whether persons getting into bitcoin are perceiving themselves to have had won or lost in their bitcoin investment, including that we have an ongoing moving target in regards to even coming to any kind of an assessment of winning or losing in such BTC investments, and for sure, even with OP, there could be all kinds of ways in which he could understand and appreciate that he had gotten value from his pre-2015 years in bitcoin - but instead, OP seems to have had wanted to assess himself as a loser and to lock himself in a position in which he believes that he lost and his involvement in bitcoin is like water under the bridge from a bygone age, which just shows that even with his many years of knowing about bitcoin, he does not seem to have learned much of anything in regards to reestablishing a position in bitcoin, even if he did sell too many BTC too soon.  So, yeah it may well take guys like him another bitcoin cycle or two before they realize that it may well be better to buy some bitcoin rather than to just whine about their having had sold their BTC holdings, so it could be that OP does not wisen up, and he ends up buying bitcoin in 4-8 years when the price drops down to $250k after it had gone up to $1.5 million.  

It's not easy to know at what point OP is going to wisen up, if ever... he might die an ongoing disgruntled no coiner (not wishing death upon anyone).. whether OP has only a few more years to live or if his timeline might be quite a bit longer in terms of how long he may well stay a no coiner.. he may well have 30 to 50 more years of remaining life and remaining a disgruntled no coiner (living in the past regarding having had 15 BTC at one time) for the whole time.. but by then BTC prices may well be in the $10s of millions.. not easy to project out that far, for sure... and of course, there are no guarantees that the BTC price is even going to go up from this point on.

Mate it's not only your unknown mistake but the whole world has to, plenty of my friends lost their crypto by forgetting the phrase, selling in depression, etc
So happened to happen I think it's again golden to invest in before too late.
 

I see bitcoin as continuous lesson and lecture, because many people have experienced lost in cryptocurrency and but  the people with the passion to invest in Bitcoin are the one who do continue to take the risk of investing in Bitcoin. If everyone should start explaining their lost in Bitcoin investment you will know that some people lost for the investment for the industry is bigger than yours, people who invest for Bitcoin are people who have the mind and decide that two things is involved for the investment, either they lose or they gain. I think that's the major plans of people who is ready to invest for Bitcoin is to make it through. But when they experience lost some of them will condemn bitcoin because of the lost.

So it should be a lesson to us that bitcoin has an interesting story every year.

Even though we have taken reckless actions because we sold too fast and finally made the psychology deeper, we have to start again even though the price is already high but this can still be done by anyone, so I think forget the dark past and start with a new hope to earn bitcoin fraction from now.

I myself have been trying to make long-term investments with the DCA strategy and this has been going very well, the ups and downs of the market due to fluctuations for me have to be passed, we have to keep going until our goals are achieved.

One of the most obvious examples is Op, after seeing the fact that the price of Bitcoin continues to increase, Op experiences psychological difficulties and regrets because he feels he has done a reckless act.

Bitcoin always presents many stories, ranging from success to sad stories of its users. The desire to continue to collect bitcoin fragments can be done by anyone, there is nothing wrong if you start now. For those who want to start it can be done with a small amount and and continue to increase slowly.
Try to set a long-term investment strategy, even though the ups and downs of market fluctuations continue to occur, don't panic because it is part of the plan. So many investors have done interesting things in their lives, even though there is a strong tide going on, they will continue to stick around.

What do you mean? I don't get your point at all. 
Sure, Bitcoin is a digital asset that can give profits for us if we know how to invest in a proper way.
But never invest in Bitcoin with your main many since it will be too risky. Once you have no money anymore, you may sell your Bitcoin at loss.
You need to understand that having Bitcoin on your wallet should be from extra money.

Agree. Just forget everything that has been done in the past.
Never regret it, because it only hurts us.
Just take some lessons from that experience and focus on the future goal.

These story really touched me, but what you have to understand that Bitcoin serve as digital assets that self life through hospital bill of your wife, which no other source of income, but rather by laying hand on it to sell off, never regret about that, but to look way forward and buy more of Bitcoin for future investment.

This example of Laszlo being a loser seems to not be correct.  Laszlo had plenty of bitcoins (he was the first GPU miner), and there is a bit of a story behind his selling the coins in terms of his having had disproportionately gotten more coins than he likely deserved through his mining with GPUs while many others were mining with CPUs.  I doubt that Laszlo really has any regrets . not in the same way that a no coiner or a low coiner would have.. and Laszlo is neither a low coiner nor a no coiner from my understanding Laszlo is doing quite well for himself.


Exactly correct that time in the market is more important than timing the market.

I totally agree with you, and DCA is a very simple method in my opinion. Where we can invest the same amount each period that we think is safe and comfortable for per month or every week.
And this strategy will help us to be disciplined to buy more investment instruments when the price goes down and less when the price goes up. Without having to care about the condition of the trend and also without caring about the price going up and down.

Because in bitcoin you don't need to buy 1 BTC because bitcoin can be divided into small units so you can buy 0.1 BTC, 0.01, 0.001, 0.0001 and so on. You can start DCA with a nominal that is affordable according to your ability, even with a very small nominal.

and the idea behind DCA is to save consistently regardless of whether the market is going up or down, DCA will help us disciplined to buy more crypto when the price is down and less when the price is going up.
and this will make it easier for you to make investment decisions and avoid emotional decisions.

it sounds easy and it turns out to be easy and is recommended by investment experts like Warren Buffet.
Saving regularly and consistently is the most appropriate strategy for novice investors, the longer we invest, the greater the amount of money we save with more optimal results.

it's not that easy to get past such experience, there is no way, but just have to move on life goes on, I've been in op shoe also and I know how it feels like... When you keep thinking about how much you should have had in bank account its really depressing, to the extent that you might feel like you want to commit suicide, but that's not the solution. Never give up, keep pushing WGMI