Topic: What ruined your chances of investing in Bitcoin earlier? - page 2. (Read 903 times)

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.

if I could recall back, it was during the days of MMM, that was when I heard of Bitcoin,  I think that was in the year 2017, as at then I had zero knowledge of it, and due to the terrible experience I had with MMM, I thought it's one of this Ponzi scheme, so I just abstain, because after my the experience I got with MMM, I vow never to engage with any ponzi scheme again, so Bitcoin investment getting to my knowledge then, I just sees it as one of the new ponzi scheme that just came out, so that was how I missed the opportunity to invest in it earlier.

And during those days, technology hasn't gain popularity in my locality as of today, because we mostly sees anything done online as scam, and it all boils down to the experience we had with MMM, but with time, when technology start gaining more popularity and we start using it, that's when we start having regret that how we wish, we knew earlier.

Mine was lack of information because If I had gotten the kind of information I have got now about Bitcoin earlier, I would have been part of investors that will own 1 Bitcoin by now because it happens that I met Bitcoin when it fucking cheap, was trading around $750- $900, I could remember buying $50 worth of Bitcoin and some Altcoins ,NEO ,and OMG then in 2017, but the bear market cut me up and so due to my lack of knowledge I sold and didn't bother coming back again until 2019 towards 2020.

What you say is very true, apart from our lack of knowledge about this asset, in the past there was also a lot of bad news and many people also experienced investment losses there at the beginning or in the past. As time went by, I learned first before diving into the world of investment that it turns out investing in crypto has 2 methods, spot and future. 

What was an obstacle for me when I wanted to invest in Bitcoin was money, at that time I didn't have a permanent job or no income, this was a regret for me that was very difficult to express and of course for everyone. ever feel afraid when we put our money there.

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.

Mostly the lack of knowledge of bitcoin, and my finances were too poor to think of carrying on an investment in bitcoin when nobody around me was to teach or indirectly how to invest in Bitcoin with the little I had as a newbie.

It was as time passed by, through the knowledge I received from btt forum, that I began to learn how Bitcoin investment was, that someone can invest with the little they have and hodl it for long.

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.

I guess its not all about braveness since understanding towards bitcoin will give people confidence to take risk. Also they need to now everything what they need to know so they can deal something unwanted things then could able to do action base on current event happenings. Since if we only think about being a risk taker and can able to invest whatever situation happen or our risk appetite towards dealing on anything about bitcoin then there might be huge chances for us to get scam since there are lots of scammers trying to fool people on earning platforms to offer then scam those who believe on their lies. This scenarios could ruined the interest of people to invest since they might think about enough to be a scam victim then totally leave bitcoin for good which is bad decision to do.

Also nobody know that bitcoin will go this far that's why lots of people ignore this before and since now that bitcoin adoption grow more bigger I guess the only thing stopping them is lack of knowledge since if they could able to grab some information about bitcoin and how to invest with it. Bitcoin is on mainstream so I believe there's no other excuse for people not to learn about this.

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.

Most people think that ignorance is what caused them to miss the opportunity to invest in bitcoin early on, but I am sure that even if they had understood, they would not have invested at the time. Simply because even Satoshi once said that bitcoin could become very big or could become nothing, even he had no guarantees about the future of bitcoin. Therefore, it was inevitable that people were afraid and had no faith in bitcoin in the early days. Therefore, it can be said that in the early days, people did not dare to invest in bitcoin because of fear, did not dare to take risks and did not believe in bitcoin, ignorance is not the cause of everything.

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.

Most people think that ignorance is what caused them to miss the opportunity to invest in bitcoin early on, but I am sure that even if they had understood, they would not have invested at the time. Simply because even Satoshi once said that bitcoin could become very big or could become nothing, even he had no guarantees about the future of bitcoin. Therefore, it was inevitable that people were afraid and had no faith in bitcoin in the early days. Therefore, it can be said that in the early days, people did not dare to invest in bitcoin because of fear, did not dare to take risks and did not believe in bitcoin, ignorance is not the cause of everything.

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.

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.

Yea, it wasn't just ignorance, but majority of us who heard about bitcoin for the first time had no faith and confidence in Bitcoin, we only joined the Bitcoin family after we must have seen and heard about the wonderful things bitcoin was doing.