Bitcoin Forum

I was mining bitcoin back in 2011 but lost my wallet/gave up etc etc...

Is it still worthwhile getting back into crypto?

If you mean getting back into mining -- may be worth it, but will depend on your electricity price and require a lot of commitment.

If mean getting back into crypto in general -- it's always worthwhile to get back into crypto. Just watch out for scammy ICOs, useless alts and other questionable investments.

there is a sense in returning back, but the situation will be absolutely different compared to 2011.

every day there are changes, so you should always follow the news.

Huge companies are involved in crypto, so now it's good time to back

I would say yes it is a good time to get back into crypto, not just bitcoin but there are a lot of other projects out there now in comparison to 2011.  I hope you didn't lose too many coins as I would imagine mining back then you would have gained a handful at least.

It is always good time to get back into crypto. It's like asking, if now it is a good time to start using emails... Weird question. Of course it is, technology is moving forward.

Thanks for the replies folks ;)

It's always great to read advice from more experienced players.

Now! Get back in track...what happened in the past should have served as learning so as not to repeat tje same mistake. Don’t be so easily discouraged. Mistakes, negligence, wrong decisions...these are all part of learning and becoming better. No need to be skeptical about getting back into crypto.. The opportunity to earn today may actually be better than 6 years ago... ;)

Best time to enter crypto is NOW.

hello fellas, i am new in crypto world i hope am not too late  :)
i hope will learn form this great forum!

Mining is not too profitable anymore, but now there are more coins to mine, I am sure one of those coins can make a good profit, now crypto currencies is really booming, it is a good time to get back and start to earn some profit

Buying coins is still worth it, but mining, you need to mine other altcoins since bitcoin mining requires a lot of power and expensive hardware to get profit (or even breakeven) from it. After that you can sell your altcoins for btc then hold them until you get some nice hefty profit. It's never too late and it's always worth it.

Depends on your financial situation.  If you can afford an investment that you can afford to lose, wont drive you crazy looking at the price volatility, and ok with not seeing an actual return on investment for a couple of years, then my suggestion is always yes.  yyIMO, the price will keep going up long term, short term after you buy back in you might be in the red and lose some money, but eventually it will go up.  There is still so much room for growth, and so much opportunity.  Still early in the game, and best thing to do is put some money down you can afford to lose and feel invested in the community.  Best of luck in whatever you decide to do.

Also, do you still have the wallet.dat file for your old wallet?  If so, ever think of a brute force app or a password cracking service?  They take a % of the total funds if/when its recovered, but better some money then no money?

Agreed its always a good time to get back into crypto on longs you a Hodl  :D

Mining is always tricky especially if you 're not willing to reinvest in hashing and have plans for scaling up.

yes good time Because at 2011 mining was easy you can earn 50 btc but bitcoin price is low now price is high and can increase more than 6000$ in next months

Honestly it will be hard to predict bitcoin but if you are not weak hand holding your bitcoin for a  long time you must ready what will happen sometimes in bitcoin because bitcoin is unpredictable if you know how to hold your bitcoin and are strong to hold them even you are seeing the price of bitcoin was gradually decreases you should still need to hold your bitcoin so that you can't be lose of profit instead you can make a profit because bitcoin will be more popular the price of bitcoin will continue to increase and more business online will accept bitcoin..
If you  can compare the price of bitcoin before and now its totally different.. and you can realize that bitcoin can be potentially increase its value in the future..

OP, welcome back!
Best time to enter crypto was 6 years ago :)

Now mining (btc, dont know about other coins) wont be so efficient as it was years ago, but trading is always relevant and always will be.
Imo, any time is good to start trading.

If it's the best, we unfortunately only know later, but it's good in any case.

Now we can say that back in 2011 the prices werer very low and we should have invested, but it's also possible that we remember the year 2017 with btc prices lower than 5000$.

That's why it's always advisable to get into cryptocurrency!

i would try and find that wallet... lol

Of course it is still worthwhile, because crypto is the future. If you wont enter now, you will regret. I have no doubt that blockchain will change the world and for me important is not only getting profit, but being part of progress.

Nice, welcome back ;)

I think blockchain is something we'll use everywhere in the future.

Even if lately there is lot of uncertainty around crypto (china, ICO, etc..), there is no doubt about the fact that every company in the world start to be interested by the blockchain.
And crypto will still know a lot of up and down but in long term, it will be bullish for sure.

So my advice, yes it's still the right time to get back on the crypto train ;)

Its a good time if bitcoin is growing, this certainly seems the case as numbers of users and usage is still rising so I think the answer must be yes.     As far as mining I would mostly say the time has passed for casual mining by very small scale operations, I used to mine as well and its been a while since I did any.   I wouldnt risk buying into BTC mining not because I dont think BTC will go anywhere but its become more commercial and the scale is now business sized.

I wish it was still home based personally, I think it would have more distribution around the globe and be a positive but its not that way.   If you want to experiment there is still alot ideas and new chains being started in crypto generally, nothing wrong with that.   Anyone can ask for BTC as payment and generally I think thats worthwhile as an interest not a business unless you pick up a particular idea  :)

Well i think it is still indeed a good time, but not so easy with so much coins out there. I'm new to this thing, but reading for a few weeks now.

Hope i choose, the right 'horse'.  ;D


We are like gold miners, just a nother generation. :D

It's always worthy to join cryptos in any stage. This time try to save your wallet keys better.

Welcome back. Yes, it is definitely worth getting back to the crypto world. More and more people are getting in, don’t be one of the last.

If you are thinking to start mining again, check out the mining calculator to see whether it is still profitable. As the mining difficulty has changed since 2011.

Otherwise, you can always buy some bitcoin with fiat. Good luck!

good stuff folks - still positive to get involved then - there is no way that wallet.dat survived - i only mined like 0.1 or 0.2 per night at the time - imagine we could still do that lol?

sure! it is never too late to join lambo community :D

yes its worth it to getting back into crypto world. every time is the good time to get in crypto, crypto is the future so instead of giving up from your mistakes from the fast, use it to get you more strong and to believe again in crypto. bitcoin now is so valuable than the year you lost your wallet and giving up. yearly bitcoin get its price in a unimaginable value so dont look back, look forward where you can earn as much as you lost before by this crypto.

with the rise in value of BTC and all other crypto , yes jump in with both feet and blindly!

Yes it is because there are many opportunities in crypto as long as you know what you are doing. There are a lot of options like mining, trading or joining bounty campaigns. Every now and then, there is an announcement of a new coin that would offer a campaign and it is a good opportunity to join or you can even invest on it and join the ICO to buy the coin when it is cheaper. There are many successful ICOs and there are also scam ones. Make sure that you research first if their project is viable and the developers are not the ones involved in scam ICOs before. In trading also there is a lot of money to be made because of volatility as long as you know the right time to buy and sell.

If you've been dealing with crypo earlier then you will not need too much time to get back into business. I guess you've mastered the basics a long time ago. If you're thinking of going back to mining jobs, then you will need to invest a lot and currently the ROI is a very long. Although this depends on your personal circumstances.

The altcoin market have started falling from the August of this year and still it is not recovering. I would like to suggest you that if you wan to get into the market then go for the trusted coins like bitcoin, eth, dash etc. This coins are safest to invest and very well supported. You can find lots of cheap altcoins but they are not safe enough to invest.

Ofcourse it is... there are a lot more ALTcoins than earlier you might wanna check...



Yep, and don't forget you might need some new rigs if you wanna go back to mining again ~

Hey guys, finally getting my bit coin talk profile going,had an error first time I tried and gave up, seems this is an important site though so here I am trying again. I think block chain is the for sure the future and definitely don't think it's too late to get involved.  May the force be with you!

Mining again makes sense, so you can always try, nothing will ever be certain so there will only be faith and an attempt to choose the right moment to enter the market again.

It depend on your thinking. someone thinks it will be get another success but someone think it just a froth. It's hard to say, but for my opinion, I am in optimistic.

Why, if you gave up earlier, is it really interesting for you now? Again for a month, you will play and that's all. I advise you not to stay any longer, if it did not work out for some reason, but if you want to continue typing, then nobody forbids it.

Actually lot of changes took place between 2011and 2017 due to technological advancement and increased member. It has become highly competitive. So you should  be aware of all pros and cons of this existing situation before you come back.

I think there is always a good time. Until you try, you will not regret it. I would try for you because it is always better to look at your own skin and not believe in unreleased stories.

There have been drop that have made coins go below ICO price. Keep an eye out for red days and do research on what you want to invest in.

Well it's an OK time, but nothing special. The best times in my eyes are already gone, they passed.

The best times are gone, but only a small sliver of the world currently uses crypto. So in that respect, it is still relatively early....

It has always been a good time to get into cryptos, only that the price have been increasing a lot in the last days. Just check the charts, the only ones who have been decreasing are the altcoins, and those who nobody know anything about them. But if you want to invest, then do it now that there is a big bullish trend approaching, so you can make some profit from that, the same applies for alts, they are so cheap now.

yep, BTC price rise for sure this week,, while ETH remains stable and decreasing a bit... I think, the faster you start investing again, the better ~

The question if now is a good time always comes back... a year ago the question looked the same, the risks looked the same... the prices were 10x less.....

Guys for anyone asking this question people thought that it was too late when bitcoin was 200, 400,800 and 1.5k and now today its hit 5k....so its never too late.

Bitcoin and cryptos are still not mainstream so long way up to go
for next many years. Still a great time to get in before rest of 99% of the
public does.

Mining may not be profitable but getting into crypto is never too late I guess.

I think crypto investment is like creating and storing assets, where value of asset increase exponentially. But user must have aware of all possibilities about specific cryptocurrency before making investment.

Due to blockchain and cryptography technology many new innovations are still to come, but till dates investment in right cryptocurrency can make more rich that never think before.

It is my experience that mining at this time is more of a love than a money maker. You should make a little over time. I would look at the smaller coins and try to build quantity if your hoping for a big score

The good time to get crypto of course when the exchange rate is high. There is no certain or specific time to get into something you just have to study and carefully plan everything. That is if you do not want to regret.

The best time to get in crypto was yesterday. The next good time is today.
Only 0.2% of people in the world are in crypto economic. Guess what happen when that number will rise.

Best time is now, learn and get ready in time for potential things that will help you increase your earnings. The longer you take to get into crypto the more chances you miss out.

I would say it's never been better, with more and more people getting into Bitcoin and crypto-currencies, you can be ahead of the game when more mainstream businesses and such start using it.

Mining is not too profitable anymore, but now there are more coins to mine, I am sure one of those coins can make a good profit, now crypto currencies is really booming, it is a good time to get back and start to earn some profit

In my opinion it is never too late. You just have to break the barrier of fear of a possible failure. If you hesitate, do not go into it because you will never be sure of yourself. Unfortunately, if you want to earn more for less, there is always some risk.

Anytime is a good time in the long term, but right now it might be your call since it is btc's all time high, approximately.

I think blockchain technology is something we'll use everywhere in the future. There is no doubt about the fact that every company in the world start to be interested by blockchain.

And crypto will still have a lot of ups and downs but in long term, it will be bullish for sure. So my advice, yes it's still the right time to get back on the crypto train.

Definitely yes, the world is accelerating now and many crypto goes up, so what? More and more you are able to earn in more and more ways.

any time is good to enter  into crypto trading. just you have to know about this field. next you have to invest bit coin trading later you have to get idea.really it is good time to start to crypto currency. in some country's offering bit coins for their salary. so seriously bit coin has great demand.you have to invest in bit coins, eth coins and alt coins.

I think you should've kept doing it in 2011, I can't imagine how much you regret it now. I believe it's still a good time to enter, as crypto is not mainstream yet and people barely know about it.

The crypto subject is more and more common in mainstream media, which means that each day they become more popular.

Of course, it is worth getting interested in - in my opinion it is the future of financial markets.

As for mining, unfortunately it is not as profitable as in 2011 but you can still find some altcoins with low dificulty, so you can try.. But with so many alts on market it is much more difficult for them to rise the price.

Watch and learn before taking the plunge. After a while you will recall the recent history of a coin/alt and have a better idea of whether the price is good, bad etc.
Also, start small and check the fees on different exchanges

Well, yes, he could now boldly have thousands of dollars if he constantly gained knowledge and did good business, but it is never too late, everything can be done "again"!

a lot of people are bullish for the next few years so i guess yes

i think yes, because this field is being developed very fast and you can get profit with it as well.

Anytime is a good time long term.

Anytime is a good time to get into crypto, but it will be best if you get into it now instead of waiting more years.

Price is getting higher and higher each day last week it just hit the all time high of $5800, even if it is falling right now
the graph will still go up. So for you not to regret it get into crypto as early as possible. Don't wait for the price to go
back to the 3000 level as it might be impossible.

i asked the same question when Bitcoin hit $1000 USD.  I regretted not getting in at that time once it reached $2,800.  I finally got in at around $2,400 and I'm glad I did.  Stellar Lumens jumped 166% a couple days ago.  BitConnect has soared into the top 10 recently.  There's so many opportunities out there that any time is a good time to get into crypto.  Just do your due diligence first and actually know what you're buying.

I think it is. Why not try? Remember giving up is always worst choice you can make. I had break from crypto too, I sold all my coins (NAV and few others) back in 2016 and realised in 2017 NAV was 2$. Mining will be hard but possible if you have money to invest in good mining ring. I have a friend with 7X 1080 Nvidia's and he is making profit in Poland for sure using wwww.nicehash.com

I have 2X Radeon's 270X and I mine only crypto only few hours a day, my work commitments (mixed shift patterns) not allow me to run miner 24h. It's a couple of dollars only for 2 weeks mining.

On the other side investing in ICO's or coins is the way to go. Bitcoin is slowly rising too.. Price predictions are 7500 then 10.000 I know it sounds crazy but last time I heard that about 2000$ price. I personally invested small amount of my monthly  income in few ICO's - and I will keep them for long term and I might get rewarded one day. Stick to rules not invest amount you can not afford to lose and you should be just fine.

it's wothwhile, maybe not for the mining but the entire crypto landscape offers a lot of opporunities besides that. The technology itself is worth getting into and you can for sure find some case study that you're interested in, and in which blockchain can be applied to. Since February 2016 things have seriously taken off and you can see the market cap going from about 10-20 billion to over 150, so you get an idea of what growth we're talking about. There are alot of activities you can get involved in, helping projects, trading, moderating communities - that all depends on how much time you have and to what degree you want to commit. Buy and hold is still as important as it was back in the days when you used to mine, so that'd be my suggestion to you as well

I think blockchain is something we'll use everywhere in the future.

Even if lately there is lot of uncertainty around crypto (china, ICO, etc..), there is no doubt about the fact that every company in the world start to be interested by the blockchain.
And crypto will still know a lot of up and down but in long term, it will be bullish for sure.

So my advice, yes it's still the right time to get back on the crypto train.

That's great advice- well put

It is always better than yesterday! I hope you understand me.
Blockchain technology is the future and it will soon be used in all segments of our life.
We will probably have the chance to see more coins  that will not be worth anything, but technology itself will soon conquer the world.

There is no good or bad time to enter crypto (re-enter in your case). You should always be a part of this game!  Good or bad investment decision is something else though..
As for the wallet that you mentioned, you might want to check this analysis: https://www.tokens24.com/wiki/cryptocurrency-hardware-wallets/
Good luck!

I think you can answer your own question looking at the price of bitcoin this past few months, It's gonna be HUGE this year

If this is not the time to get involved with crypto, I do not know when it should be. Yes, there is a certain amount of people that were smart and/or lucky enough to get involved in the rightest of times, but we are still not nowhere near late to the party. We just need to enjoy its perks and help crypto shape the future - even though there are many ignorant people around us you can always feel that changing bit by bit. The future is bright fellas, and I am sure glad that I am part of this world and witness all of this amazing stuff happening. Cheers and HODL

In my opinion, time is good, but you must also be able to use it. Focus on one activity and do not drag your actions to great proportions. You will definitely succeed if you are patient and persistent.

Of course but you're a bit late to decide to be honest.

forget about the past, look at today, hoping for tomorrow. now bitcoin price has increased sharply, this time will be good moment to buy bitcoin as investment, hold your btc for rocket time, the end of this year will be bitcoin party time to be rocket. keep watch the market.

Its not a secret that Huge companies are involved in crypto, so now it's good time to back..Like for example, Ive fopund a project which is promising to provide u with tokens if you cooperat with their partners like amazon, microsoft, adobe, uber, asos..etc

The total market cap for all Cryptocurrencies is about the size of one large cap company. This shows there’s still plenty of room to grow once institutional investors enter the market.

i think all knowledge which you have since 2011 is no longer worth because Crypto Currency Market changed a lot of thing. So if you want to go back Crypto the best you should study necessary knowledge.

It is not too late to get into it as it is growing rapidly. Crypto currencies are getting wide acceptance almost in many countries.