Why I failed to make a fortune as an early bitcoin adopter? - page 3.

hl5460

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Quote from: darkangel11 on February 23, 2017, 04:54:47 AM

Do you want us to pity you OP? You haven't made a fortune, but you made money. You haven't said how much, but I expect working in that big Chinese company has brought you significant profits. You're probably dreaming of becoming a bitcoin millionaire, but if everyone could easily become one we'd be living in a world full of millionaires, dreaming of becoming multimillionaires.

Usually in Chinese startup, a co-founder get shares instead of money. If the startup dies, then no shares, no money.

hl5460

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Quote from: cpfreeplz on February 23, 2017, 09:47:25 PM

Is pre $100 considered an early adopters then? I'm not sure what the consensus is on the time frame. Either way I don't think I'll be lumped into that category because I started using bitcoins in 2015.

I think it's pretty sad that a lot of early adopters didn't invest much or got scammed out of their coins. Reading about bitcoins before I used them helped me a lot but that was probably because I read up on what others had done wrong in the past. I'd suggest that to anyone getting into bitcoins now.

You mean now? even when it is @1200 USD?

NetFreak199

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Quote from: pedrog on February 23, 2017, 03:59:57 AM

I can relate to that, I too am an early adopter and saw bitcoin in the ~$60, I am not rich.

And I lost my coins in a lot of scams and made poorly trade decisions.

It sucks.

How I wish I'm in the one who is early adopter too, I think the reason is you already use your BTC in too many way at that time the price of BTC is still cheaper and not expecting the price will go higher as now. you spent it all time base on your need and not savings some of it, because you still believe you will easily have it again and not trusting too much in BTC

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Quote from: bitkilo on February 23, 2017, 09:54:47 PM

I think it is a common misconception that all early adopters have gotten rich off bitcoin, there have been a few but i have also read many stories like the one in the OP over the years. People don't just get rich for being the first one through the door.

One of the oldest stories about an early adopter that is apparently btc broke now is laslo, he may have spent 10k btc on a couple of pizzas but he did get his 15min of fame out of it and will always be in the history books for being making the first recorded bitcoin purchase.

I cant really forget that 10k pizza guys on which this is really stuck on our minds or parts of the history regarding on the events that happens on bitcoin ecosystem and the feeling of regret cant really be removed to us but those early adopters didnt still expect that they would become rich because of bitcoin.

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I think it is a common misconception that all early adopters have gotten rich off bitcoin, there have been a few but i have also read many stories like the one in the OP over the years. People don't just get rich for being the first one through the door.

One of the oldest stories about an early adopter that is apparently btc broke now is laslo, he may have spent 10k btc on a couple of pizzas but he did get his 15min of fame out of it and will always be in the history books for being making the first recorded bitcoin purchase.

cpfreeplz

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Is pre $100 considered an early adopters then? I'm not sure what the consensus is on the time frame. Either way I don't think I'll be lumped into that category because I started using bitcoins in 2015.

I think it's pretty sad that a lot of early adopters didn't invest much or got scammed out of their coins. Reading about bitcoins before I used them helped me a lot but that was probably because I read up on what others had done wrong in the past. I'd suggest that to anyone getting into bitcoins now.

Japinat

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Everything is based on luck, maybe we are not that risk takers that time, it's really a big failure if you know bitcoin at early stage and you do try to risk and hold it. Now that the price is going to hit the all time high, it will really hurt and especially when the price keeps rising. But don't just end our dreams because we failed in the past, bitcoin still offers great opportunity to invest and hold now, I hope you see it, it's not too late yet.

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Quote from: layoutph on February 23, 2017, 09:03:28 AM

I wish that I bought some bitcoins before it was few cents per piece. This is my daily regrets Wink

Cents would be too greedy to ask. I think @100 dollars would be fair to be qualified as early adopter.

hl5460

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Quote from: CoinBreader on February 23, 2017, 07:48:19 AM

early adopter for my definition is
Buy Bitcoin under 20$ , mine bitcoin from your desktop computer using your cpu, if you done all this and still not being rich, then you have made a hell of wrong moves with your free money, Undecided

That's elite adopter. Only a few people could hold that long. I just cashed out 10 coins for my friend yesterday. 150% gain within a year is more than good enough for him.

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Quote from: hl5460 on February 23, 2017, 03:14:58 AM

Note: The author of this article, Velaciela, aka V酱, was the Co-founder of Yibite, a bitcoin news site that was founded in 2014 but finished in 2015. The story below is a vivid description of his gains and pains when working for a bitcoin startup. Not every early adopter can take fortune-making ride of bitcoin.

-------------------------------------------------------------------------

Bitcoin soared over $1000, hitting a record high as it happened at the end of 2013 and the beginning of 2014.
As an early bitcoin user and investor, or even a so-called entrepreneur, it would be lying to say that I didn’t make a profit from it. But honestly speaking，I am not financially independent or a successful investor though I indeed invested a lot of money in bitcoin and got some opportunities to learn something about the bitcoin blockchain. Therefore, it can be said without exaggeration that my investment in bitcoin is a big disaster.
I never thought I would share my experience with anyone, but it’s just not right to do that, so I’d like to say something about bitcoin and what I have learned from it.

http://news.8btc.com/why-i-failed-to-make-a-fortune-as-an-early-bitcoin-adopter

I'm not an early bitcoin adopter but I know what you feels, a friend of mine, is an early bitcoin adopter, he started doing bitcoin when it was almost free in the FAUCETS giving 1-3 bitcoin, something like that, but he didn't pay attention on bitcoin that time, he lost his interest and just got back again on bitcoin just this last year, and he do really regretted it. He said to me this If I only didn't quit doing bitcoin in the first place, probably I am a millionaire right now. and he is right, it is really regretful, but he also said to me that we don't to live in the past and keep always reminiscing our mistakes, because it won't help.

What we need to do, is to focus on the present, we are still lucky because in all of the people around the world, we, bitcoiners knows about bitcoin and others don't. We earn money in an easy way, and they don't, that is why instead of regretting the past, why not enjoy the present.

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Quote from: pedrog on February 23, 2017, 03:59:57 AM

I can relate to that, I too am an early adopter and saw bitcoin in the ~$60, I am not rich.

And I lost my coins in a lot of scams and made poorly trade decisions.

It sucks.

Not fully in the same boat but I was a currency exchanger around the time when Bitcoin was around the $300-$500 USD per bitcoin mark. It's pretty upsetting to look at it now and see that if I just put the amount of money and time I put into trading into just buying and holding I would've made the same amount of money plus a couple thousand.

Plus, I wouldn't have even needed to do anything and just let the bitcoin sit till now. I guess we can't ponder on the past and we just must look towards the future, it's the only way ONWARDS

layoutph

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I wish that I bought some bitcoins before it was few cents per piece. This is my daily regrets Wink

Harlot

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What he is feeling right now is pretty common to investors who missed an opportunity or realize they have taken profit early. But the good thing is he had a good experience with it and that experience have thought him greatly about investing. Me as an investor I need to believe in my investments that it will go too the places I expect it too be. One good advice is to control your emotions about your investments.

Meuh6879

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Quote from: Herbert2020 on February 23, 2017, 04:14:46 AM

you need knowledge and experience to be successful.

so, a person that it has bid gold in 2000 at 200 USD ... and sell it at 1300 USD ... have no faith ?

stockholder have faith to keep a thing more than 10 years.

hajimasan

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All you have is misfortune and your misunderstanding with bitcoin. You could have made a huge profit in this course of time and you probably could have been become a rich guys.

requester

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i always wish that had i been entered the bitcoin network back in 2013 or so because bitcoin was so so cheap at that time and now i were owner of at least 5 6 bitcoin easily. but its my misfortune that i hadn't did so. but you guys are lucky that you entered the bitcoin network long back but its too your misfortune that you couldn't make a good fortune.

CoinBreader

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early adopter for my definition is
Buy Bitcoin under 20$ , mine bitcoin from your desktop computer using your cpu, if you done all this and still not being rich, then you have made a hell of wrong moves with your free money, Undecided

bitbunnny

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I think early adopters who have kept their coins long enough and made good predictions about Bitcoin future are rich now. But there is just a few of them and besides you also have to have some luck too.
There is no point in regretting now, just think on the future and be prepared for future opportunities.

romero121

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Being an early adopter of bitcoin itself something a great thing. Due to some sort of failure he was unable to cope with technology that advanced from the scratch. Now realizing and thinking the past doesn't gonna make things better. Even now the time is not too late to grow with bitcoin and other digital currencies.

nara1892

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to be the earlier adopters, I think it should be difficult because the tech was developing, and of course there would be money loss. however, it is the risk in business field. there are loss and profit. it depends on your destiny. there will be the good thing beyond that.

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