Topic: What ruined your chances of investing in Bitcoin earlier? (Read 903 times)

I had an opportunity to invest early in Bitcoin but ignorance and lack of funds ruined my chances.

I had an opportunity to invest early in Bitcoin but ignorance and lack of funds ruined my chances. I discovered Bitcoin in the early stages but ignorance never allowed me pay attention to it back then, to be honest I felt it was a new scam to steal people's money therefore I didn't even care to learn about it when i first had the opportunity to, but along the line I picked Interest in it when Bitcoin attained a height above $10k in 2017 but I was very unwilling to invest the pocket money I earned from my dad since I didn't have any job back then and solely depended on my parents for financial support.

 Nevertheless, my doubt about Bitcoin got cleared when Bitcoin went beyond $17k and got to about $25k plus towards the ending of November in 2020, I had no choice but to invest with the little money I got from linear jobs I was earning from by then, and it really helped me that December when it crossed $28k and I was able to get food items and gifts for my parents with some of the profits I got from it. If only I had invested earlier or had been able to convince my parents to try invest since they were financially capable of doing so but I was so ignorant and had doubts over the future of BItcoin.

 However I'm so grateful for joining this great forum that's helped to enhance my knowledge concerning Bitcoin and other Cryptocurrencies at large to a certain level and currently I don't regret anymore since I've realised that it's not too late to invest more and hold for the future cause I've seen and now believe that  the chances of Bitcoin attaining more heights is still very possible.

A few things impacted me. I was much younger, and so my old self would blame lack of funds. However, even if I had invested $5,000 back then, that would be 20+ BTC. It wasn't lack of funds, it was mindset. I saw Bitcoin only as an investment. Something that I would buy, with the intention of selling. So I always sold. I never held. I now see Bitcoin as freedom and a hedge against the entire economic and political system. I will never sell my Bitcoin again.

I had an opportunity to invest early in Bitcoin but ignorance and lack of funds ruined my chances. I discovered Bitcoin in the early stages but ignorance never allowed me pay attention to it back then, to be honest I felt it was a new scam to steal people's money therefore I didn't even care to learn about it when i first had the opportunity to, but along the line I picked Interest in it when Bitcoin attained a height above $10k in 2017 but I was very unwilling to invest the pocket money I earned from my dad since I didn't have any job back then and solely depended on my parents for financial support.

You are right that we cannot change the past. Things we have experienced in the past become experiences for us. Bitcoin offered a great opportunity to people and still continues to offer it. The rapid development of Bitcoin and the rise in its price caused many people not to benefit from this price rise.

Bitcoin will always continue to provide opportunities to its investors. Some opportunities that could not be evaluated at the time can be evaluated today. Goals can be achieved with planned work, knowledge and investment at the right time.

Back when I first heard about Bitcoin, I didn’t have a credit card or a bank account so even though I would have liked to have invested in it I just didn’t have the means to do it. I considered doing an in-person cash trade through Local Bitcoins but I never really found the right opportunity.

Bitcoin just became too popular too fast and this is why most people missed out on getting in earlier. We can’t really change the past but we can still take advantage of future price gains by accumulating in the present.

I agree with that, it has nothing to do with ignorance if you don't believe in something when none of its potential has been seen, so if we are talking about people who didn't invest in Bitcoin when it was priced very low, we can't blame them because no one would put their money in something just like that.

However, if we talk about people who didn't believe it when it had gained some popularity and its price was well above $5,000, then we can say that those people ignored it out of ignorance and a lack of knowledge. If they had tried doing some research about it, they would find out its potentials and could invest if they had the funds available, but they chose to ignore it and move on and they regret doing that today.

So, it depends on a case-to-case basis, I would say.

Missed out on Bitcoin early on too due to doubts. But hey, better late than never, right?

We often see that those who do not understand well will lose the opportunity to invest, but if they are brave enough to take risks at that time they will certainly choose to invest with the risk of losing their money if what they invest in is not what it is today and in that case Of course the choice is very important and only those who dare to take risks have succeeded in making a profit now and indeed when Bitcoin first appeared, not everyone cared about it and dared to invest in it, so what you say is true, ignorance is not the cause of someone not daring to do it. investment, of course there are also risks that they must be brave enough to take so they choose to invest.

From that day on, I started taking a lot of time researching about bitcoin, thankfully there’s this bitcointalk forum that gives clear discussion about bitcoin, which until now I’m completely active on it. You know, even if I missed those past opportunities, but to be honest I’ve no regrets with it. And just like I’ve said, everything has its perfect timing. And I think now is the perfect timing to trust bitcoin over other assets or investments.