Topic: My feelings after 11 years with crypto. - page 4. (Read 3452 times)

The cryptocurrency initiative have taken different tolls on different persons that most persons have hot a story to tell regrettably. From early adopters who sold too early, those who didn't believe, those who where careless of there seeds, private keys or passwords, those who 's hard disc got misplaced or destroyed, those who were had no resources to dig in when it was fresh, those who were ignorant due to there geographical location and those with stories such as yours at OP.

It is indeed a sad one especially for you. Like, you were told early enough, you made attempts to utilise the information you got and even with in full time. For situations far above what you felt you could handle, you lost it all and is left with just regrets.

What is of importance here is that, abstaining or regrets isn't going to bring back any part of what is lost. Its lost and gone so the best thing you could do is that, you try to own a portion of it, counting what is gone as a lost opportunity and use that to guide yourself into holding. A sat today could be much more tomorrow. Don't waste you today if you could afford to invest but, that's entirely up to you and this is far from an investment advice.

A lot of people on this forum are feeling the very same way as you. We all missed out big time at some point in the past, more or less. Only a few very lucky ones  did not fully miss out. But really, who would have thought that Bitcoin would reach such prices? Many did not have the luxury of even discovering Bitcoin until it was at 5 digits and by then many did not think it would go any higher.

I myself see this as a valuable lesson for the future. The lesson is to hodl

The most surprising aspect of it all is for someone to have good eleven years on a stretch without any tangible thing to account for, i wonder what one could have been busy doing or chasing all these while without giving time to quality and constructive things, that's why giving a start on cryptocurrency should be with bitcoin first, once a person learn to develop himself over time then doing things will be easier than before and the rate to getting exposed to scam will be minimized, two major reasons are the major constitute to having unprecedented experience, investing on the wrong coin and not being able to do bitcoin independently all by yourself.

Yes, of course there are a lot of examples of people who had gotten into bitcoin, and they ended up selling too much bitcoin too soon, and then they end up experiencing psychological difficulties to get back into bitcoin by buying more bitcoin at a higher price than the price they had sold.  We have a lot of those kinds of examples, and even some of those folks were very profitable in terms of dollars of how much they had sold, but then they are not so much in profits if they figure out if they had held onto more of their bitcoin rather than selling them all.

I think that people can still learn from their past mistakes to get back into bitcoin, and even if they do not get back in BIG, then at least just get back into bitcoin in a way that is relatively comfortable for them, whether that is making a lump sum investment, buying on dips or a DCA strategy.  I personally recommend a DCA strategy, but of course, if someone is more experienced with bitcoin, they might feel better to buy in a lump sum or to employ various buying on dip techniques.

For me, the DCA method seems better, even for folks who had sold too much BTC too soon in earlier times, because they may well have not felt as comfortable with holding bitcoin, but if they DCA over a longer period of time, then they might be able to build more confidence with BTC as an investment and then even start to feel more confidence to even supplement their DCA strategy with buying on dips and also lump sum investing.

Another thing that many investors into BTC have to try to stay aware is that there are risks holding BTC with third parties, and in the beginning of their investment into BTC their BTC might not be worth very much, so it may well not matter if they hold most if not all of their BTC with third parties (such as on exchanges), but as their BTC increases in value, they may well need to study into ways to hold their BTC in other ways, such as on a private wallet, and there can be some needs to spend some time learning about the various private wallet options, and some of them are more comfortable than others, but there are still risks (and learning curves) in terms of holding your own BTC (holding your private keys rather than leaving them with exchanges, in which you really do not own them if they are held by third parties rather than holding them yourself, but if you hold them yourself, no one is going to save you if you fuck up your security or you lock yourself out of your own coins in one way or another.  So it is not necessarily easy being your own bank, even though it may be more empowering, but some people might not even be sufficiently competent to be able to do it without some assistance from others... and even smart people might end up losing their coins.

For OP, all the best and I hope things get better!
Most of us have been there. I remember buying some BTC for a price of around 200 €. I needed money and sold them for 400 € as I doubled the money...doh...

I'm the one who doesn't do it well but not because I doubt that Bitcoin can provide a lot of profit if I dare to keep it for a long period but rather because of the need and also lack of information at that time, so I sold it cheaply a long time ago ( but if I'm not mistaken that period of the year when I sell my Bitcoin there was a time when Bitcoin also just reached ATH) so when I sold it I thought that it was already very profitable but it wasn't. I'm sure there are many regret stories from people who knew Bitcoin in the beginning but that is understandable because it is not easy to accept wrong decisions made in the past because the difference in profits that will be obtained if you sell or keep it until now is very far different.

There is always going to be some asymmetry in regards to both information, and also in abilities for people to act upon the information that they have too....

You are correct Fatunad in regards to no investment being easy because people come to all kinds of decisions in regards whether to get in and how much to get in and then various points how much to cash out (if any), and surely we have a lot of examples of guys who would have largely been "set for life" if they had just held some or all of their bitcoin, and surely some of those folks could have held them without very much effort - except for their likely lack of perfect information in regards to which way the BTC price would go.

There are some folks that have been in bitcoin between 5 years and 10 years, that are doing really great.. and others not so great, and there are some who had to work really hard to both acquire their bitcoin and to hold their bitcoin, and others did not have to work as hard.  there are some folks who lost some of their coins along the way, and maybe felt as if they had to start over, and so they acted upon their information (and their views of bitcoin), which surely is largely just a set of probabilities in regards to what any of us might believe bitcoin is going to do in the future and then to have a strategy in place and to employ such strategy as well in order that we can have material results that are in line with our beliefs.. and sometimes we are able to line actions with beliefs in a way that is profitable, and sometimes guys (and gals) over do it.. and they end up losing some if not all of their coins along the way.

Many times I have suggested to the biggest of bitcoin doubters (and naysayers) to just put a reasonable and even small amount of value into bitcoin rather than refusing to put any into bitcoin, and so many times that would have paid off quite well in the long term, but surely in the short term it does not always seem to pay off well.. so in that regard, the phrase to just get off of zero seems to have been a good one as long as the person is able to hang on for a long enough time.. 4-10 years or longer surely seems like a reasonable amount of time for any longer term investment - even at the same time always needing to realize that there are no guarantees either.. even though the asymmetric bet to the UPside seems to be amongst the best of possible bets that any normie can make, even if such normie does not have a lot of money to invest..

Any investment does have risk and its true that there would be no sense on dealing up with something which would only give out positive results will really be not interesting and making everyone profitable cant really be that possible and this is why we do have lots of analysis and other decision making whenever we do make out some investment because we cant really just deal up with things on making money or have profits
without having any risk of losing money.We might able to miss out lots of opportunities and chances to make bigger money but to think that we are dealing with investment then it is really just
normal to have those circumstances that you do miss out those golden opportunity.

It’s hard to argue with this, probably everyone has such a story when he lost everything to understand that the bitcoin hold will bring the expected result, if you don’t rush and give this investment a few years for good growth.

First you try to find a good project that you believe in and expect that it will make you rich. Then you try your hand at trading, and in the end, after you have lost almost everything, you sit down and start to analyze. And everything fits together like a puzzle in one picture, and you see that if you just invested everything in bitcoin and did nothing else, you would get a very significant profit. After that, I got disappointed and for some time I didn’t do anything, but then I figured out, calmed down and now I’m back with a clear understanding that I will only buy bitcoin and hold it for as long as necessary, and I will eventually make a profit . Yes, you are right, this journey, when it is difficult for us, we stop for a halt, when we rest we move on, the most interesting part of the journey is the path to achieving the goal, so we gather our strength and move on!

Now I want this system to be useful at least the money that goes into my wallet for a month of work, so I always have a division that must be matched, in the sense that the regular money to buy dips is certain because it has been running for several months, but with your advice for 6 months to match the distribution of the dips, lump sum or DCA investment system, I need to pay attention to this.
Every strategy I have to pay close attention to.

That's why I have to know about all of this and it goes well even though we will falter in the middle of the road.... I also know how this process is and it's not easy because what I experienced with buying dips is the same as what will be carried out later so the process won't work. sweet continues but sometimes we have to be strong and can be on the straight path to keep going.

I have a strong chemistry on bitcoin although it is no guarantee, I have been in bitcoin for a long time so I believe this investment will be completely successful (my belief) even if I spend a few dollars even above $100 with a long time 4 -10 years is a positive thing but this is what I am getting stronger now because of the rapid development so it will be an asset that will continue to strengthen for a long time.

No $100,,,,,, this will be adjusted according to what you say in the division ( $30 or $65 or $77 ) this must be set from the expenses every week and month, about urgent needs of course this must be prepared in the bank savings conventional already exists but I will keep it and will not disturb it.
I have to start a good approach for future progress, in any way I will try to collect bitcoins, not only in general investment but in other trades I try to earn it.

Investment is important to me, with Dips, Lump sum and DCA strategies or any other type of system I need to follow it.

Let's not get too distracted in terms of devolving into talk about shitcoins, so let's just try to stick with bitcoin for now.

Sure, I can concede that there are other investments out there besides bitcoin - however, this topic relates to OP deciding to sell all of his bitcoin in late 2015 and then fail/refuse to get back in.  I think the topic relates to whether or not OP (or someone like him) should get back into bitcoin, and if so how much to get back into bitcoin? 

Let's not lose the topic.

What do you say?  should he stay on zero and go and invest in all of those other things, or does bitcoin have a possible place in his investment package?

You and I already know (and we have been around the block long enough) to realize that there is likely something special about bitcoin; however, you also might be suffering from the same issue as OP and also the same issue that goldrushed2 seems to be suffering.  Sure each of you likely seem to appreciate bitcoin in your own ways, but you seem to also share issues about getting distracted into investing in other assets (perhaps shitty assets?) as well.

What's your bitcoin focus and what is going to be your bitcoin allocation and accumulation strategy?  Do you have some amounts that you would like to aim to accumulate that is somewhat personally tailored?  and how long are you going to take to reach your accumulation targets (if you are even bullish enough about bitcoin to even appreciate that there is value is creating a BTC accumulation strategy whether it is somewhere between 1% and 25% of your total investment portfolio or some other way that you might have to frame your accumulation target level.

So, let's not get distracted.  Do you agree with some of OPs latest posts in which he seems to be complaining about his mistake and then just walking away from bitcoin completely?  Do you agree it is a better strategy just to invest in something else in the event that there is too much seeming psychological pressures to buy BTC?  as you seem to be suggesting?  One of the psychological barriers that OP seems to struggle with (and it is shared with a lot of folks who sell too much BTC too soon), they seem to have psychological difficulties (barriers) in buying BTC at a price that is inevitably going to be higher than the latest sales of the BTC.. and for OP that is $500.. and if he keeps waiting for prices to go lower than his sales price, it is almost impossible to get there.. just like it might well not be very likely that we are going to get prices lower than our current prices ($19,600-ish) or even $17,593 (the local low from June 17) or to get as low as various prices below $13k or so that some people seem to be expecting but may well not happen..

So if some of those lower BTC prices may or may not end up happening, there should still be ways to develop strategies to buy and accumulate BTC in ways that are prudent and reasonable for the buyer, especially if we are considering being able to hold the investment for 4-10 years or more into the future?  do we do $100 per week? or maybe even a more slimmed down budget of $10 per week so that we do not end up panicking or having psychological pressures about it? 

You, yourself, likely realize that psychological pressures of over investing, and so I am not even disagreeing that goals to alleviate or to minimize psychological pressures are not bad goals to have - but I will think that it is way the fuck better to get the fuck off of zero (we are talking about BTC here not shitcoins and not other investments that can be made). so let's focus regarding how much to do and what kinds of strategies to employ to build up the BTC levels in such a way that does not cause too many psychological pressures.. Can you work with that framework mindrust?  Are you able?  OP seems to have given up, and goldrushed2 seem to have gone into disingenuine mode with his various  suggestions that there are issues with bitcoin.. but still should largely ONLY get us to how much to invest rather than NOT investing into bitcoin.


I agree with everything you say bitzizzix; however we also have to keep in mind that there are no guarantees that the BTC price is going to continue to go up... even though the odds are quite great that bitcoin will go up forever, and bitcoin does seem to be amongst the best of the assymetric upside bets that is widely available to everyone... just a matter of how much to allocate into it.


There are ways to build systems in order that you do not have as many regrets, so having too many regrets seems to be a bit of a personality problem.. even though sure, regrets exist and a lot of kinds of regrets exist too (as seems to be your point rby)...

I personally find it much more difficult to have regrets if you figure out a way to invest into something like bitcoin in a kind of modest way.. and if you invest in a modest way, then you can continue to study the space, and if the investment does not end up working out, then you should not be having regrets about having had made a modest and then reasonable investment... and of course, the strategy of going from whimpy to modest to aggressive can also change with the passage of time, but we also need to attempt to put into practices in which we are prepared for the BTC price to go up or to go down and we are  prepared in either direction in order to attempt to lessen the amount of regrets (even if we cannot necessarily completely get rid of all possible regrets).


So?  have you given up on bitcoin Captain Corporate?

Many of us here have likely heard about Gresham's law, which would likely justify attempting to spend less valuable assets/currencies before we spend our more valuable assets.

Yes.  It is understandable that if you do not have any other assets to spend, then you have to spend your bitcoin; however, even you likely understand and appreciate that you could have probably figured out ways to save more bitcoin and to spend from other assets/currencies that you may well have had at your disposal. 

I will agree that it might not be easy to accomplish because each of us do need to live and each of us do need to figure out ways to have surplus value that we can invest rather than spending everything that we earn.  Whether you might have been able to hold onto some of those 50 BTC during that time that you were spending them is something that seem to be more in your ability to know. and yes, for each of us the matter is different, and there are a whole fucking lot of people who live beyond their means and they are not willing, ready and or able to save any of their income.. they always seem to have expenses that are at least equal to or more than their income...

it is not easy for any of us to suggest solutions for situations like that unless there might possibly be ways to spend a bit less and to save a bit more and sometimes there might be a need to increase income and that may or may not be very easy to accomplish depending on your income earning ability (and sometimes even your location, too).

https://www.youtube.com/watch?v=1_VwtHcfefg

This is a rather unfortunate break and I empathize.  But do know that we are still very early in the Bitcoin timeline and that you can still secure a seat at the table and set up for the future.  Things may take just a little longer due to your past setbacks but Best of luck to you.

https://www.youtube.com/watch?v=95Kmj3tKCow

Honestly I am pretty much in the same boat with OP give or take. I worked in a lot of different jobs in crypto since 2014, and even though I didn't invested at the time, I earned a lot, I earned over 50 bitcoins selling gunbot at the time but bitcoin was like under 10k most of the time, and I got them like in 100-200 dollars patches most of the time. So all in all, I could have owned tens of millions of dollars if I didn't spend them. Yet I had to live and at the time I had to sell all of them in order to survive and not starve to death. 50 bitcoins "may" sound a lot to you know, but they were sold in between of 1k to 10k, meaning if you put it over 4 years, thats actually not a lot of money at all.

Move on pal! You aren't the only one missed the opportunity and messed everything up. There are many horror crypto stories out there and I can relate to it as well. I moved on a long time ago and I am happy accumulating and earning some bitcoin into my portfolio. This isn't the end and definitely not too late to start over again. You trust cryptocurrency long time ago and why not try to regain that trust again and start over. Time cannot be reversed but opportunities keep coming up.

The life is full of regrets. If you hear about an opportunity and refuse to invest and the opportunity turns out to be good, you will regret. If you also hear and opportunity and invest and the opportunity is scam you will regret. If you bought bitcoin with small money when you had big money then, you will regret. If you bought with big money and sold them all because you don't trust yhe system, you will regret. That is life and we have to take it that way.

Unfortunately, your story is not unique OP but I do share my sympathy with you.

There people who also lost countless of opportunities due to the volatility and unpredictability of the price of BTC in the market. There are even HODLers who also missed the opportunity of selling their BTCs at a rate favorable to them. Lastly, majority of us who started late in BTC also missed the chance of purchasing some BTCs while its price is relatively low on the market.

While I do sympathize with you OP, you should always keep your head high and focus on the next opportunity. The fact that you still know that BTCs exists creates this opportunity for you to recover and regain momentum.

Everything has passed. And those who regret will be motivated and not waste it again in the future, because bitcoin still has a very long way to go that will most likely continue to improve.
indeed holding it for the long term is a very good option, but it would be better if you buy every drop to make a purchase or do a DCA to grow its holdings so that in the future or when the price goes up high you will get bigger profits, even make you rich .
regretting what happened without changing it or not planning for the best is pointless, and we all know the traces of bitcoin's ups and downs that eventually bounce back and continue to climb higher.
And most importantly have strong patience and also don't panic which will produce satisfying results.

Always be future looking like the markets.

What’s done is done. You could have, you would have, should have done that, done this… but you didn’t. However you are still alive and hopefully you’ll still have many years ahead which means you can still do a lot of things for your future.

Instead of whining like a little girlie and wasting you precious time, maybe you should start doing what is necessary to be done.

You don’t even necessarily need to invest in crypto. It is not the only game in town. Real estate, stocks, bonds, commodities, forex, gambling (not recommended), starting your own start-up, having a high paying job, educating yourself… any of these may help you with reaching your dream life.