Topic: My feelings after 11 years with crypto. - page 8. (Read 3452 times)

Interesting to read about these stories. I first invested in Bitcoin when it was trading at $600 per coin, back in 2014. The amount I invested was quite small and only around $1500 in total. But after 8 years, I am quite happy that I made that decision back then. Apart from my initial investment, I was able to earn Bitcoin from signature campaigns and freelancing. And to be honest, it changed my life. Back in 2014, I was struggling to manage my expenses. Now I am helping a number of my friends and family members.

I would say that your crypto savings did what they were intendend, and that's not geting rich but helping you in a tight situation when you had no job and neded to pay madical bills. That's way better than borowing money, so don't beat yourself up.

Yeah.. but what are you doing now?

Are you remaining a bitter no coiner?

I am not recommending investing in shitcoins, but instead, start a solid plan and just start to buy bitcoin, whether you buy $100 per week, or if you cannot afford that much, then buy $10 per week, and then keep doing that for 4-10 years, and then regroup at that point.

You can also invest and learn along the way, but if you do not want to learn anything, then just treat bitcoin as a long term investment and just go on with your life and do not get too worked up about it.. and then hopefully down the road, the amount that you had invested in bitcoin will have grown.. and of course, there are no guarantees, and part of the reason for not overly investing is that you don't seem like you want to study into bitcoin further than you already have done.

The experience is a lesson for us, so at least don't leave bitcoin who has known the OP since 2010 I think he will know very well about the real experience compared to those of us who know bitcoin from 2014 but still survive until now how the long history cycle to bitcoin be the high price we know ATH in 2021.
I've seen a lot of suggestions in this thread for the OP to just jump to conclusions and never give up on being patient to go through this long process, but does the OP still have assets in crypto now?
Never get bored in crypto we have a lot to learn from it until now and so on.


I think that $10 is better than nothing, I conclude that as long as a long-term investment for 4 years $10 per week then generates $2,090 that I calculate in https://dcabtc.com/, then we lead to the budget that is prepared but in my opinion it's not too heavy $10 per week maybe he can try to stay in his allocation then this will be the portfolio he has even though the value is small but at least we know DCA is good than investing uncertainly or waiting for low prices is very difficult for us to do, but with $10 per week prepared then it's consistent for him.

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

Sorry buddy, I want to give a little correction to the lengthy post you just wrote. We recommend that for long posts like this a new paragraph is made so that it is pleasing to the eye and the writing looks neat. You can see the writing style in this post although the writing is long, it is easy to read and pleasing to the eye.

Hopefully this post is not considered off topic, because my goal is only to remind each other for the good.

Wow... You seem to be deluded goldrushed2.  

If what you are saying happens to be true, then you surely have some interesting facts, but it seems like you have a decently BIG ass ego, too.. .and you also seem to have some weird views of the world.. sure the world is screwed up in a lot of ways, but it seems to me that on an individual level we should be attempting to be figuring out ways to deal with such matters and to provide more options to ourselves rather than just moaning about various negative aspects of the world.. yeah.. I agree some of the negative aspects are quite irritating, frustrating and unfair many times too..

By the way having a strong ego can be dangerous for investing whether BTC or otherwise, and also dangerous when attempting to share ideas about these kinds of topics with others in a forum like this... - if you happen to actually be interested in sharing any more of your matters and views as they might relate to this thread.

Let me just point out that you had recommended getting in and out of bitcoin, but also you recognize that you had fucked up pretty BIGGEDly by getting out of all of your BTC?  That getting in and out of bitcoin approach does not seem to have worked out too well for you. unless there is some angle that you are not mentioning.. such as that you still hold some of your coins perhaps?  but from your post, I got the sense that you are a bit of a bridge burner and you do not like to hold on to things, even if they might have future value..   ..

Also, if you really had 600 coins on Gox at the time of their implosion in February 2014 and if you did not sell your claims to the various scalpers (or whatever those guys would be called?), your 600 coins would likely be a shit-ton of value right now, even if the GOX claims are likely ONLY anticipated to pay out around 15% or so?  

I cannot recall exactly what the latest anticipated payout for the GOX coins.. but the fact that you did not mention it, makes me suspect that you no longer hold the claims to those coins even though.. 600 coins in 2014 would have been around $360k ($600 per coin) on the fair market value right before the GOX implosion down to around $200 (which still would have been $120k) or whatever stupid price that MTGOX's exchange rate was stuck at (I seem to recall $190 for some reason) when they announced they were closing. and then never to reopen.. .but even if you were able to get 15% of 600 BTC, that would be 90 BTC (which would be nearly $2 million at today's BTC prices).  

I doubt that you still have claims to 600 BTC on MTGOX, since even if what you had said was true, from my little bit of information about you from your post here, you seem to be disinclined to HODLing onto anything.. and probably you flunked the marshmallow test too, right?  

Even if I sound confrontational goldrushed2, I do not mean to be confrontational towards you in any kind of personal way, except to really attempt to highlight some of the factual dissonance contained within your post, which to some extent causes me to wonder if you have even reflected upon the contents of the factual representations of your own post? (not that I am trying to psychologically analyze you)

Yeah dont worry mate. Just try invest when the market bottoms out in the next year or 6 months. You cant look back. I started with 3000 btc I bought for 3k USD back in 2012. All the hype never really happened and I was not into trading back then nor did btc have real charts to look at. I then managed to get around 600 btc saved in mtgox - and yep - it all got taken by MK the ultra D. The whole industry is so scammy. Then compliance now blocks all you funds if kept on an exchange. I dont ever hold (at extreme highs) I always sell at good prices and wait to get back in.

I was such a believer back then but now if I'm honest I think the NSA's sha256 being used in btc is a big giveaway. CBDC would never be implementable unless crypto/btc came first. I think crypto is a plan to get everyone working digital and then the central banks can enforce CBDC on all exchanges. Compliance and KYC of crypto is ten times worse than a strict bank. Its easier to pay 30k cash in a bank then it is to deal with the BS Kraken and other exchanges ask for these days. So I am also in my own way fed up of bitcoin. Wish I had just put away 3000 btc and left it for ten years but who knew? Every up swing you get the hype boys like Keiser the CIA man manipulating demand and the price - calling 500k - it then dumps.

Hope you enjoyed my rant. Best of luck. Now you know to get in cheap and get out when prices are crazy high.

Well, I did read through the whole thread, and it does seem that several of us question the extent to which OP might be telling the truth in terms of what had happen to him in terms of whether the alleged facts really add up and even whether the course forward ends up being rational or reasonable at all - even though for sure, many of us recognize and appreciate that people can frequently NOT be rational or reasonable in their balancing of their finances and/or their psychology when it comes to something like bitcoin.

Of course, if OP had been into bitcoin since about 2010, we would have presumed that he would have had some smarts to himself when it comes to technological matters..because there were likely not as many user-friendly ways to get into bitcoin back in 2010 as compared to the various ways that any of us might get into bitcoin today.

Another confusing angle is the OPs choice of "crypto" in terms of describing his experience, and who the fuck knows what is crypto.. He seems to be talking about bitcoin, and I have some difficulties mentally processing why any genuine person who had got into bitcoin in 2010-ish would be so damned confused about what the fuck bitcoin is to refer to it as "crypto" - even though I know that vague-ass denigrating term "crypto" does exist in the wild and a lot of forum members, including a lot of members participating in this thread choose to parrot such term - including even some folks who seem dumb (or is it gambling-derranged?) enough to be recommending that OP identify some shitcoin and get into that as an investment with potentially better UPside potential... seemingly going into unit bias presumptions regarding shitcoins having value based on their unit price.. so sure maybe OP would be receptive to getting into some nonsense pump and dump since that seems to be the way that OP had treated his bitcoin investment in terms of failing/refusing to see it as a long term investment in which he should have been setting some coins aside anyhow... so how would anyone with any kind of appreciation of what bitcoin was/is actually be left with ONLY 15 bitcoin after having been in bitcoin for 5 years at that time in 2015.. and sure I can see it happening.. but I am being critical of non-introspection.

The more solid of the recommendations forward in this thread did have to do with suggesting that OP get back on the horse, and to learn from his past mistakes, and whether that is possible with OP or not, it seems to be a decent talking point in terms of anyone who might be reading this thread.. and that has to do with anyone having trepidations about bitcoin, refusal to stay invested into bitcoin and to walk away, they are likely going to have fun staying poor if they do not grow the fuck up sooner rather than later... In other words, bitcoin is likely serving as our greatest wealth transfer in history, and if anyone has doubts about these parameters (presumptions), then it would be a matter of  how much they should invest into bitcoin rather than whether to invest into bitcoin. .. and fuck shitcoins, they are not part of the greatest wealth transfer in history, even though they are sucking off of bitcoin's teet along the way.. .. so in essence, you gotta figure out how much to put into bitcoin 1% to 25% of your investment portfolio, and the overwhelming majority of any "crypto" portion should be into bitcoin, such as 90% and if you want to fuck around with shitcoins with less than 10% of your crypto investment then that would be acceptable, even though 10% invested into shitcoins would seem high...

There are also some devil into the details about how to get started in investing into bitcoin.  I used to suggest people to try to invest at least $10 per week, but in recent times, largely since March 2020, I have been suggesting $100 per week.. but of course, each person has to figure out their budget, and surely there are some folks who can ONLY do $10 per week.. and so after a decent amount of time of investing into bitcoin of perhaps a couple of years, the BTC portfolio may well start to feel as if it is getting sufficiently larger and more options come as the BTC portfolio grows.. and another aspect is that it best that investments into bitcoin have a 4-10 year or longer timeline.. . and of course, you can still invest with shorter timelines, but some of the parameters might need to change.. and even the expectations of being in profits are not going to be as clear with shorter timelines of less than 4 years...

Sure, more could be said to OP.. but just giving some ideas.. and walking away.. if that's what you did seems pretty lame.. even though I do know that people do walk away from bitcoin by failing/refusing to get in, but with OP at least there is some experience, but he still likely has a lot to learn, and part of the learning is getting back in and establishing a reasonable, prudent and personally tailored approach. .and then putting such approach into practice...sooner rather than later.

Yeah regrets are bound to happen but whatever it is we have to rise up I've been in such difficult situations but I've been thinking about how to get up in any way and now slowly I've grown bitcoin for the future as a long term investment, we still have a chance in bitcoin and never give up just because of previous failures, you still have to have the ambition to be able to stand in this good bitcoin environment.

If you have a solid friend, do cooperation, I'm sure a true friend will definitely help, the most important thing is that we can start well and yesterday's failure is just a lesson.

Moreover, you have long experience in the crypto world.

Hey, do not beat yourself up. Carryout an assessment of everything that has happened and go back and re-strategize. It's not too late to get rich via bitcoin. Go to your crypto-friends and speak with them. Since they are your friends, talk to them. You never can tell they may be nice enough to borrow you their one of their device to help you get back on your feet.

Let's take the positive side, friends, if you are not investing everything in GPU, maybe your money will be spent in useless places. I can say you are one of the lucky ones, because you have savings that you invest in GPU, then you can allocate your investment for your wife medical expenses.

I catch your complaint as a form of regret after knowing the current price of Bitcoin (compared to when you sold it). Let's think with a clear head, if in 2022 Bitcoin has no value or its price is lower than 2015 (when you sold it) you might say the opposite, "I am very lucky to be able to sell Bitcoin while it still has value".

Regret like this can come to anyone, if at that time you know Bitcoin has increased rapidly in the following years, I am 100% sure you will not interfere with your investment in Bitcoin.

I feel this too, I regret leaving my job and using Bitcoin to fulfill my daily needs...

If I didn't use Bitcoin for my daily needs then by now I would already have some Bitcoins and some Altcoins. seeing the price of Bitcoin to $60k and ethereum to $4k makes me regret not holding. everything has happened, all we can do is reorganize from the bottom.

You need to think long term. As long as you're alive, you can still be a millionaire.
Work at your job and save up to $100k.
Put that $100k into Bitcoin at it's lowest point in the market, usually around late summer.
Diamond hands hold it for 10 years and sell it in 10 year or more.
You lost the battle but you didn't lose the war.

 

We have all loses in life which made us regretful and wishing to bring back the past and correct it. However, though we are regretful and always triggered to think the past missed big opportunity, still the present make sense. I know it is hard but we can't do anything to bring back the past. I hope there is the same opportunity to come along our journey. Good luck to us mate.

I´m sorry about your losses. I don´t know if it helps, but try to think about it in this way:

BTC does not generate any value by itself. It is not money, neither it will ever be. It is not an alien technology either, it is just a token. A token, which was made for making its creators and early adaptors rich. I won´t explain it in full, the halving process alone does the job.

As BTC does not generate any value, its only value remains in its speculative potential. Potential of cashing in the USD. So whomever you had sold your coins to at today's price, would have become a bagholder instead of you. Risking with the same outcome as you had once when the music stops and the party ends. Friends of your... They do that precisely. They hand over the bag (if they are unaware) or they frankly scam (if they are aware) other people. Producing victims like you are. Later they would nod sadly and feel sorry, what kind of bad coincidence you had with cryptos. It´s not a coincidence. They have your money. Not namely them, but someone similar to them. Anyone aware, how BTC really works and still trading it, is a scammer. If you know, that the price of BTC is produced with another token (USDT) and people who buy in with their real money do not know that and you are OK to take their money, you are participating.

Finally, one general monetary rule: there is no "get quick rich" way that is viable and repeatable and that is not weighted with risk already. Crypto is a very risky and scammish way to "invest". I would rather call it gambling.

Think we have all done stupid things with Bitcoin when it was first launched  I too sold Bitcoin at a very low price and I did the  same with litecoin,  but that was the past and crypto has come a long way since those days. I have since invested around £350 into crypto and now have over 3k worth of crypto  within a year and counting.  It just goes to show that even if we did stupid things  in the past, today you can still make decent money from crypto.

It is human nature that always feels that it is lacking for what has been obtained. this is a bad trait, we have to really be able to control it so as not to influence our decision making in the future.

what do we expect from that regret? do we want the play back button? that's not possible right? so just be grateful for what we have got, and don't get your hopes up too much, the important thing is to try your best.

That was huge. Even just 1 or 2 btc I cannot afford to lose it. Maybe I'm just small fish as I think coz even .01 btc I doesn't own. Well, I have some altcoins that looks potential but I doubt if they will give me 100x profit in due time. How I wish to have btc in my wallet and will use it to help the people who are greatly in need situation.

A safe zone at almost 60,000 USD? I can understand if one has the memories of 2018 in the back of his head brooding around whether it is a safe zone or not. A safe zone is when you are almost certain that it won't make you lose money when you invest now. That is why I wouldn't call it a safe zone. We all know what a crypto winter is and how long it can take to recover. It is brutal to go through it.