Topic: My old officemate become millionaire on investing on Bitcoin - page 3. (Read 622 times)

I particularly avoid talking to people about bitcoin and investments, because when things don't go well people always tend to blame the person who gave them advice. for example if I had told someone that buying bitcoin was good and that person was buying bitcoin when the price was 50,000$ and today the price of bitcoin is at 20,000$ that person would be blaming me, he would be thinking that I deceived him then to to avoid me having unnecessary problems and headaches I don't keep giving advice to people to buy bitcoin. I let them know about bitcoin through other means. in the past I even talked about bitcoin to some people, but it was really out of coincidence that I said

I'm keen on where he kept his coins all these years that he still has easy access to them. People who often forgot that they have things lying around usually throw these items unknowingly. Lucky for your friend since he still managed to keep his coins and gain access to it when the time came. I remember the thrill of checking the price almost every hour to see if my initial investments already generated a profit. Good times, and I'm still into bitcoin even though I have left my habit of constantly checking the price.

It was always the same dismissive attitude like I was trying to push them into a scam.  

The trick was to use the money he could afford to live without and used it to buy some Bitcoins and even forgot as though he bought them. And also let's not forget his patience. Five years of waiting is no easy thing to do.

Had I used his strategy, I think would have way more Bitcoins in my account than I have right now.

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

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?

They probably thought that bitcoin priced at a few hundred dollars was too expensive already and that there was not any possibility for bitcoin to go any higher than that.

Back in 2011, I was spending quite a bit of time daily learning about Bitcoin while at work.  I would tell everyone to buy some Bitcoin.  Anytime I interacted with an IT person I'd ask them if they bought Bitcoin.  It was always the same dismissive attitude like I was trying to push them into a scam.  I wonder if any of them talk about that guy from work who wouldn't stop screaming for them to buy Bitcoin at $2.  Needless to say, by the time Bitcoin hit the hundreds of dollars per coin I was on my way out the door and I don't think I ever got anyone to buy any BTC.  Hopefully the seeds I planted were able to help someone down the line.