Topic: My old officemate become millionaire on investing on Bitcoin (Read 622 times)

That's an interesting story. Sometimes, we only need to hold and forget about our investment for a while so we'll never be tempted to sell during a crash. Bitcoin made lots of people millionaires, especially those who took the risks and trusted it. This is inspiring and the story only taught us a lesson to grab the chance of buying while the price of Bitcoin is still low so we'll never miss the chance of gaining a good profit when the bull run comes. Bitcoin will always be worth investing but we should be brave enough to hold.

Forgetting about your investment really helps because instead of checking the price chart to keep updated, you tend to ignore its current price and also it’s price fluctuations. Good thing because you won’t be bothered every time the price of bitcoin drops, as you are not totally obsessed with your investment. Also, hodling makes a lot of difference than selling in short term. Even though not all investors can keep their patience and hold firm their investments.

That's a nice story to hear. The takeaway for me was that unlike the others he held because he forgot about his investment. The irony being that he could of sold back in 2017 just below $20K and started his business many years ago, but that's beside the point really. The most challenging parts of hodling is not taking profits too early, selling too late, or failing to buy back. Forgetting about the investment certainly helps here!

Glad to hear he became a peso millionaire either way

Hodling for long term investment certainly pays off in time. Of course, with the right coins that you are going to invest and not on shitcoins or meme coins. And maybe one thing also can help, is that invest your extra money and don't anticipate the future profits it will gain. Forget your investment if you can so that you will not check its price often which i think would lead to panic selling if you care for its price that much.

To begin with my story, I was a working with this guy to a small company way back 2016 when I just newly discover Bitcoin and cryptocurrency. I was new on crypto trading that time so I usually invest on shit coins and trade on CCEX. One day my supervisor caught me doing trading while office hour but luckily he became interested so I was saved that time. Then our whole team in office become interested on it since my supervisor keeps badgering me about it but I was hesitant at first to introduced Bitcoin to them because I know how risky crypto is due to volatility at that time. The price swing is more terrible back then compared now so I’m concerned with there money in case they will start investing because of me.

After a week of slowly educating them during our break. I told them to just buy Bitcoin and never invest on altcoin. I firmly instructed them to just hold and leave there tokens as is on there Bitcoin wallet until the price reach 1M pesos(20,000$) before they sold because our target that time is to become millionaire even if we are just fooling around. Then we decided to buy 1BTC at the same time and after that they all became addicted on checking the price time by time. Some of them sold early because the price dip a few percentage and they are too scared that they will lose everything until they stop investing in crypto because of volatility.

I thought all them already sold there Bitcoin and loose interest  since no one talking about in our office until we start leaving our job 1 by 1 so I don’t have any update anymore about them until yesterday, I received a message on social media from one of my co-worker who luckily didn’t sold his Bitcoin way back then. He follow my advice because he trust me as his senior and he knew that my goal is true, He said that he just forgot about his Bitcoin investment during bull run 2017-2018 and missed the first bull run because he live on his province after we leave our old job and become busy on his job there. He still hold after that and he just remember to check his Bitcoin investment this after 5 years of waiting. BTW his province is still not developed so internet signal is very weak and most people there is very focus on there own job. He was surprised about the growth of his investment. He sold at 20K+ approximately 1M pesos in our currency. I told him that if he only early open his wallet, he can get almost x3 of the current value but he still happy of his investment because it’s already huge in our country and he is only doing a job with minimum wage rate in province. But he said to me that if he always check his wallet, He maybe sold on much lower price and his target on checking it is after 5 years since he miss 2017 bull run. I was very amazed on how dedicated this guy is and even as coworker, He is just very silent and keep listening whenever we have group conversation. 

Right now. He is planning to buy back at lower price level and use the half of his earnings to start his new business. He is planning again to have another 5 to 10 years Bitcoin investment after he buy back. I will try to get an update about his business and post it here to inspired other new Bitcoin investor. Hold is really powerful strategy isn’t it?

Hold is really powerful strategy isn’t it?

That's an interesting story. Sometimes, we only need to hold and forget about our investment for a while so we'll never be tempted to sell during a crash. Bitcoin made lots of people millionaires, especially those who took the risks and trusted it. This is inspiring and the story only taught us a lesson to grab the chance of buying while the price of Bitcoin is still low so we'll never miss the chance of gaining a good profit when the bull run comes. Bitcoin will always be worth investing but we should be brave enough to hold.

Right now. He is planning to buy back at lower price level and use the half of his earnings to start his new business. He is planning again to have another 5 to 10 years Bitcoin investment after he buy back. I will try to get an update about his business and post it here to inspired other new Bitcoin investor. Hold is really powerful strategy isn’t it?

Right now. He is planning to buy back at lower price level and use the half of his earnings to start his new business. He is planning again to have another 5 to 10 years Bitcoin investment after he buy back.

I will try to get an update about his business and post it here to inspired other new Bitcoin investor.

Investment is always a personal interest, those who are interested Invest to make profit. And also Investment has risk. But it is a calculated risk. Before you invest on any business you have to calculate the benefits and the risk on it so in case you lose, you have already calculated it so it would not pain you if not calculated. From your story I also encounter such situations in the first crypto currencies seminar, I was asked to invest but I reluctantly left the seminar without Investing, so the boy who followed me to the seminar today is a millionaire

Your co-worker was lucky to buy Bitcoin when it was cheaper than the price today. It seems that trying to copy his strategy won't work the same as he did today because of the price difference but it is guaranteed that if one has enough patience will succeed in the end.

How I wish I could buy a single Bitcoin but looking at the price today it seems like almost impossible to happen because you will need more time to recover your ROI from investing to a single BTC. And not to mention the everyday expenses that will be very hard if you don't have enough money or source of income if you invest your savings to Bitcoin.