Topic: What Would you have done differently if you restart your journey with Bitcoin? - page 3. (Read 636 times)

My first year in the University was when i new about Bitcoin. After i heard some group of boys talking about it and how they want to get some.

Yes of course as a newbie i made so many mistakes. I can remember sending some of my BTC to an unknown address. Also at the earlier stage i bought 20$ of BTC as a student during the dip which i do not know how it happens back then i lost all my 20$ of BTC thinking someone had jacked my account when it was obvious that the price went to 0$.

I would have wished that i joined the Bitcoin community earlier. By now my knowledge and level i would have reach would have been massive. However i do not regret i didn't as there is always a good reason for everything that happens. I still give thanks to God.

It was December last year when the Bitcoin started gaining its price. This was my first successful investment and it was a dip then but when the price started going high i was happy because it was my first profit i had made.

In 50 years Bitcoin would be 50x better than it is today. It is uncertain to know what will be the actual price but i a certain that the price will worth more in the coming years. If we invest now then we are sure to have good profit in 5 decades from now. Its a lot of time to for Bitcoin to reach 1 million dollars for 1.

Whenever i remember it i feel so bad that i didn’t give bitcoin attention back then. It was around 2017 or 2018 i am not so sure what year exactly, but around that time i was still in school that a friend of mine told me about bitcoin, that was my first time of hearing about it but when he told me it was an online thing i lost interest immediately, it was all because of the popular Ponzi scheme (MMM) that scammed a lot of Nigerians around 2016 that i didn’t give it a chance back then, i thought it was another ponzi project that was launched.

Bitcoin is a very powerful project and to think of what it has accomplished in a few years I can’t imagine how powerful it will become in 50 years.

Talking about it’s worth, in 50 years i thinks we are likely to see it go up in price above million dollars.

While Adoption and acceptance, i think a lot of countries if not all would have fully embraced it’s use and  increasing it’s adoption rate massively.

First, knowing about Bitcoin and getting involved into Bitcoin are two separate sittings, I knew about Bitcoin about 3 or 4yrs ago which clearly the internet and some physical interactions with a few friends within were the medium at which I get to know about it, but when we talk about getting involved with my funds by investing it was just at the pick of joining the forum but meanwhile I already had bad experience with a few Altcoins which shifted my center of attention to Bitcoin.

Make Bitcoin your priority investment other than any Cryptocurrencies, many has lost too much of their funds into different shitcoins that claimed to be potentially brilliant like Bitcoin.

Get a better fraction of Bitcoin when the price was below $20k value in price.

With the level of adoption, we expect to see a better reality compared to what we have now, by then every satoshi which is completely worthless will become very useful.

Around 2015 and 2016 I guess, the price was literally around $340  for 1 BTC as of that time, bought about 0.5 fraction of it for about N25,000 via p2p if I could remember correctly and dump everything into Ponzi scheme. Lol


Don't be greedy, hold your Bitcoin jealously and do not invest in ponzi scheme as I did. 


Still far from reality......

No 1, I knew about Bitcoin during the time of MMM, though initially I thought it was one of this Ponzi scheme,  so I never gave it a chance of me engaging in it.

No 2. On the part of number two, I never gave it a chance, I never engaged in it, so I think that was my greatest failing, so my advice to newbies is, they should take Bitcoin investment very serious, because the earlier they start building their Bitcoin portfolio the better.

No 3. on the part of number three, if I could turn back the hands of time, I would have engaged in Bitcoin investment earlier, by now, I would have been part of the early Bitcoin millionaires.

No 4. my best time with Bitcoin, I think it's this year.

No 5. I believe that Bitcoin has the ability of going up to 5 million dollars in fifty years time from now, that's why it's very important to me to accumulate as much Bitcoin as possible now, since it's very cheap now, because in the nearest future, I will just be looking back in happiness that i made the right decision now.

I don't think that I have stayed long enough in this Bitcoin space to have assumed that I have a lot of story in my past to share here but let's just delve into this and share our little experience.
I have known about Bitcoin and crypto for a while now and to be precise I think it's been up to five years since I have known about Bitcoin but the truth is that it's just been mere knowledge and nothing more. My knowledge about it was just narrowed down to knowing that Bitcoin exist and that was it. what was even more popular was more of crypto than Bitcoin. It's now that I'm fully in the system that I now know what's bitcoin as well as what's crypto.

I guess part of the main mistake should be that s spent too much time trying to learn everything before ever getting started. You can always start getting involved as a bitcoinner before everything there's to know about Bitcoin. Just get the basic and start off your journey and the rest of the knowledge will come as you proceed along the way. Kudos to this forum that made things way easier than it should have been.
I guess this is almost same as the second question, If I was to go back in time, i would just start applying the knowledge i already had without waiting to get everything all figured out. The best way to learn is to learn while Doing.
still anticipating the much talked about post having bull! I guess it's going to serve as a serious motivation that will help me to better prepare and stack up some good amount of Bitcoin before the end of this circle.
Bitcoin hasn't actively stayed up to 20 years since it gained it value and to make a 50 year projection from now isn't worth it. We can't even tell what will become of the world in the next 50 years.

I got to know about Bitcoin in about 2013 and it was through some online engagement but notably through one of my FX brokers. Notwithstanding, I never gave it any attention until years later when I was using it as a deposit and withdrawal means but never invested in it until I joined Bitcointalk.

With Bitcoin? I've never made such a mistake I would call silly because even though I missed the opportunity to invest in it, I was investing in other sectors. So, no serious hurt feelings.

I would definitely start investing when Bitcoin was still less than $0.5, and by now, I would be a billionaire.

I started investing in Bitcoin in 2022 and I also started trading it actively ever since then. But I can't say I can still point to any favourite time yet other than my overall experience with Bitcoin which is positive.

Don't be surprised if my view is different from others. For me, though I see Bitcoin going positive, I don't see it as insanely high in 50 years as many take it. If Bitcoin can always be moving higher and higher to the point of hitting $250k, $500k, and $1m nonstop, what do we call that? I call it an embarrassment, an inflationary asset that needs urgent attention. The economy doesn't work as many people take it with their layman's understanding, they just want the money.

Also, the fact that Bitcoin is in the mainstream in the financial market will make it better behaved than before and will disappoint many expectations.

Firstly bitcoin isn't a gold coin because gold coin are physical tendered assets which the governments regulates while bitcoin remains digital asset and decentralized.
I actually heard about bitcoin around 2010 but just as many suspected to be unrealistic so I did too. The only mistake I did was to doubt the realistic of the coin because if I did is would had accumulated much huge values of bitcoin than the late time I realized the reality value and potentials of bitcoin and if I am to go back to make correction about bitcoin then I'd adoptor when it was first introduced with $0.00.
Any my advice to newbies is that they should believe that bitcoin is a reality to store values and there had been introduced lot of crypto currencies with the aim of the developers to scam adoptors so, be careful while investing on other cryptocurrencies aside bitcoin.
Talking about the future of bitcoin in 50 years time is undeterminable but it's sure that bitcoin would become more dominance and value as times goes by til then.

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?

3. If you are to go back in time, what do you wish you had done differently?

4. Your favourite or best time with Bitcoin?

5. How do you see Bitcoin in the next 50 years?