Bitcoin Forum

Hello guys, I have had quite good and bad experience trying to learn bitcoin, in 2012 someone came with blablabla stories of bitcoin, guy's is not funny! I turn deef ears to it but after a while I keep hearing crypto currency, so in 2016 that's about 5 years interval I decided to give it a try by putting all money I have work so hard to go back to school because they said the more volume of your money the more good trading experience but unfortunately it wasn't juices in my favour and I lost almost everything in attempt trying to recovered.

But in 2018 I say to myself I must not give up on this bitcoin, I guess every business or career has failed before the good phase, so I try again with my little savings but this time around I caught big fish before the deep finally takes place, I jakpa, lol, that's run away but by the grace of God that good experience has given my admission into university, I paid my tuition fees through bit[Suspicious link removed]d experience.

I will not give up no matter anything, we keep pushing. I must achieved good and better experience with bitcoin, nice having me here too.

People don't understand the logic behind investing on bitcoin, it's not just by mouth, actions and things we do and research all about matters alot, in your case you're very lucky to have started well but along the line almost loss everything, we are not meant to be scared about investing with bitcoin, people just don't understand the difference between selling and hodling and how theu can mingle the two together.

Hello James
Welcome to bitcointalk forum

Your experience is not very special since thousands were like you and lost part of their savings after the price collapse.  All it takes is to give the experiment more time for prices to recover.  What you can really regret is that in the early years of Bitcoin, you were among the first to hear about it, but you did not pay enough attention to it, and it cost you years after that to know its value and realize that you missed opportunities that may never return again in the same way.

Maybe I did not really understand what I was doing then, sometimes when something is introduced to you, you will much interested In what you can get than learning what's all about, I think that's where I miss it. If is now I will not have lost my money or be scared of losing more. I guess that's my lessons and experience.
I like your advice people need to read it. Thanks


Maybe I do not have a better understanding then, sometimes when something is introduced to you, you will much interested in what you can get than learning what's all about.
Well, that's my lessons for the time past, I hope to do better now, bitcoin is all about patients and continues knowledge driving project than gain kind of business or quick rich scheme.
I love your reply I wish many people can see it. Thanks


The experience is what I actually lack sir, I guess that's why I lost my money. Assuming I understand the cost of time factor and value as you said I would stick to it since my wallet was intact and the figures value was intact Also by now I would launched great mansion and empire of my own world but is all good, as time progress we keep learning. Thank for your kind reply and advised.

In the initial phase, it always didn't go according to plan because it was indeed the beginning after we learned about bitcoin from other people, at first I was also the same when I knew bitcoin first and I never profited from what was done in the trade because I didn't know deeper knowledge about how to get real profits and often I experience losses after putting in money to try to trade bitcoin but over time I learn from the internet and also interact with communities on social media so there are quite open opportunities where I slowly learn what is need to be honest it took a long time but I'm glad now I understand about some things to do now.

Have experienced where I had a big profit and then fell again because I took the wrong step or chose an unclear coin, of course, it was frustrating for me at the time and it was difficult to recover it, but now everything has gone well because I play it safe with investments in bitcoin and occasionally always trade however I will focus on investing to be my goal in the future.

In essence, the experience will be very valuable for us to be better than before.

No matter how pleasant the story might be and no matter how juicy the offer will be you did not need to invest all your money in what you don't know how it works. I think that is the first rule even to a dumb who doesn't know what an investment is all about.
Well, it is fine that you later recovered from your losses and here you are with bunch of experiences. Going forward I know you will now advise other new commers on how to deal with cryptocurrency and its volatility.

This is a market that has come to stay maybe the early adopters might have made big mistakes, in the future these mistakes would be corrected and everyone would know how to move about investing in cryptocurrency

You never give up in life because you always have another chance. Now that you have the possibility to buy Bitcoin and hold it—you don't even need to have trading experience—I wish you luck.

We all have made a mistake at one time in our life that we still regret up to this moment but and in such situations we are only given two options; it's either we keep on dealing with the past, drowning our self in regrets or we let go of our past and focus on how to better our future without letting the past affect it negatively. So in your case, you did something stupid i.e invested more that you couldn't afford to lose ignorantly and that led to your loss but the fact that you didn't let that change the way you view Bitcoin that I must commend.

That's good advise by you Sir "Kingsden". But I don't know why I have this doubt that thou O.P might have been among the earlier hearers of Bitcoin, I don't think it was the real Bitcoin he/she invested in, because He claimed that he lost everything, and in Bitcoin nothing is totally lost completely, but only just that due to the volatile nature of the market, it's value can fall drastically, which will later rise with time.

But I'm sure that back then in 2014 to 2018,  a lot of scam investment platforms came up bearing the name Bitcoin, which many people invested their funds and never got it back again due to excuse of websites upgrade and internet scam e.t.c

In every story there will always be a bad side of it but there are some good news or will happened to us. You lucky to surpass those nightmares and experience youve gained among the way. Bitcoin is just started to bloom. Maybe some say its too late now, but as future progress in terms of technology, there will be times that mass community will turn into blockchain and thats gonna be sooner or later especially in the current era.

Well, I guess that’s part of the journey missing some good opportunities at first but eventually, you will still end up with bitcoin. The good thing about bitcoin is that there will be no early or late in investing, just as you decide to start investing because you are now aware on how potential it is and you really understand how that investment works, which I think is much better than to just end up quitting without giving it a chance to recover some of your losses and maybe this time it may start to work. Remember that when you invest, you will not really be profitable at first without dealing those hardships at first and letting you struggle at first.

In 2012 you heard about bitcoin, but you didn't give a damn about it, but after 5year you started to learn about bitcoin at you still were at school. I wonder how old you were when you first introduced about bitcoin? I think you were too young to understand any financial advice so don't regret your decision now.
You have lost all of your capital because you were a day trader, but it never turned out good for everyone. Avoid day trading and plan for long term investment.

It's nice to hear about your experiences with bitcoin. Bitcoin is a promising investment, but if you're a beginner or new member looking to get started, you shouldn't put all of your money into it, If you do, you might not know what will happen if the price drops or you find yourself in a tight financial situation, Instead, I advise you to put a little some money and think wisely rather than investing all of your funds

The fact is that often having failed, we do not make the following attempts to figure it out.
Cryptocurrencies and Bitcoin look very un-friendly for newbies. If you don't know about them, then you get the impression that you need to be a programmer or a marketer to figure it out. But in fact, all use boils down to the fact that there is a wallet with 2 buttons - Receive and Send. The rest is already nuances: blockchains, airdrops...
Don't stop trying to figure it out, because we all once knew nothing about cryptocurrencies. And we are here with such ranks only because we did not give up.

Investment, in order to take a profit, needs several ways and strategies to minimize as many risks as possible, not done at any time the passion arises or based on random desires without planning. I see you did the same thing in 2018 (although with a percentage of less capital) and I think you don't learn from the 1st mistake. Even though you don't have the same fate as before, making mistakes several times since the beginning can make people reluctant to return to space and start talking things that aren't understood to others about Bitcoin.

Not everyone has the ability not to give up like that. There are many who were once well into cryptocurrency but have now moved away from cryptocurrency altogether. One of the reasons for this is the market situation. But those who have remained patiently in the market from bad times to good times have benefited a lot from this platform. Because they have seen the ups and downs of the market with their own eyes and have a confidence or idea of ​​when and how to invest. So I think patience definitely pays off.

bitter experience in the end must be sweet, as well as investing in crypto or bitcoin.
so don't give up halfway, apply the lessons you've experienced for now and in the future.
because indeed in doing business not a few who experience failure at first.
but that failure is a valuable lesson for the future.

Failure on the first try has taught you many lessons. If I may guess, you're the type of person who doesn't give up easily. Returning after failure is the start of your luck, it's impossible for you to dare to try a second time if you haven't learned more about how to invest in Bitcoin.
The results you get will give you a new zest for your life. Of course, it will be such a beautiful experience after catching a big fish that you will be able to enter university.

Any newbie in cryptocurrency investment has to have a solid understanding of bitcoin investment. The error that newcomers to cryptocurrency make is to dive in headfirst without adequate knowledge of how to invest in what they can afford to lose. Many of us made bad cryptocurrency investments, and we've since learned not to put all of our faith in bitcoin because nobody can predict what its price will be tomorrow.

A story similar to this situation mad me create a thread on this issue of not deeply informing newbies about the pros and cons of bitcoin but only emphasizing endless echoes on the pros which at the end of the day some may think bitcoin is a fraud all because they were not adequately informed https://bitcointalk.org/index.php?topic=5437459.msg61686297#msg61686297

In this case OP had a good recovery opportunity due to the bull of 2018 and this am sure was what resuscitated his energy towards bitcoin but what about those others that never had a recovery after a huge loss out of what they were told but wasn't the outcome, I wonder what story they may be telling out there about bitcoin.

Yeah, just as you've had yours, people have had several worst experiences that woulve even ended them in losing Thier homes, cars, wealth & affluence; including their businesses and everything...and some actually did.
It's not about the experience now yunno, Cus it's imperative that we make proper enquires on whatever we're going into; that's the same thing someone did... He already plunged in a huge cash Capital before realizing that it was just some scammy projects, but since it was under the regular cryptocurrencies, he then had to vow never to invest anymore on crypto - including BITCOIN. I simply had to enlighten him

Sandra 🧑‍🦰

Volume of money to have got some relationship with trading experience? It's my first time hearing of any of such pattern
Would you mind telling how this works or what you heard exactly of volume and trading experience.

For me, as much as I know, the volume of coins you've got have got nothing to do with your trading experience. You can have zero knowledge of trading but enough funds to buy and hodl some coins and so you do that. Having so much coins but, you've got no trading experience.

The best your coin volume could do for you is, having more coins could mean more profit because, you've got more capital to put out there.

Bitcoin not all the time gives a good profit to everyone that's the reason why some of the people fail to invest your assets and also don't get being dependent because of the bitcoin still end of the day is having a knowledge, work, experience or maybe get a business so you have a cash flows with your hand in that way you can make investments with different assets. Seems still the luck are with you because based on your statement, you still managed to hit the jackpot.

Exactly, basic knowledge and understanding is indeed the main key for beginners.
But it is undeniable that some beginners must have mostly had bad experiences before getting to know crypto.
Not only beginners but people who are now successful in the crypto world must have had or even still had bad experiences and made mistakes.
But that's a normal thing and I think sometimes we have to be faced with mistakes so we can introspect and learn better.
Knowledge is one of the important things that we must have together with a strong mentality and hard work if we want to survive in this crypto world and even in the real everyday world.

Based on your post, I feel enthusiasm and a desire to learn more about the world of cryptocurrencies. And this is a great wish! But be careful, you need to be patient here, because a lot of newcomers have failed trying to earn as quickly as possible. Learn information, communicate on the forum and you will become very experienced, your decisions will be based on complex factors that you do not yet possess. Good luck!

Experience is always the best teacher, weather good or bad, sorry for the loses you made and congrats via the profits you later made, I will say this again no one should just invest in Bitcoin with one single motives of always making profits because it's can't be done that way, expect loses so as you will expect profits, and I will still also advice before you invest in Bitcoin,try to learn and understanding the basics of it(Bitcoin) trading, and also don't invest what you can't afford to lose, this is my thoughts though...

Thank you for sharing your personal experience with Bitcoin. It's true that investing in cryptocurrency can be a rollercoaster ride, with ups and downs, but it's great to see your determination to keep learning and trying. It's important to approach cryptocurrency investing with caution and a willingness to learn from mistakes.

Bitcoin, like any other investment, carries risk, but it can also present opportunities for growth and financial independence. It's important to do thorough research and seek advice from experts before investing any money.

It's inspiring to see how Bitcoin has helped you achieve your goals, such as paying tuition fees. As the cryptocurrency industry continues to evolve, it's important to stay up-to-date with the latest developments and trends.

Best of luck on your journey with Bitcoin and may you continue to have positive experiences with it.

There is no denying that everyone has one or two funny experiences with Bitcoin before they eventually decided to take a big leap into investing. Some of us left it for 2- 3 years after hearing about it. Some of us had to try altcoins first because they were cheaper and we learned that we could easily make huge profits off of them. Yes, we got burned and decided to return to Bitcoin like a prodigal child. Whatever the case may have been, the point we started to get serious with Bitcoin was the point when we found our why for wanting to invest in Bitcoin. We knew we needed a strategy to get in and stay consistent in our investing so we choose the DCA strategy.

Take this as a word of encouragement OP, just stay consistent and you won't regret it. Focus on Bitcoin and do not get distracted by the FUD, and Market crashes. Keep doing your own research and ask questions whenever you get confused. Good luck.

It's not about giving up or pushing the most important thing is you are comfortable with your investment, you can hold your investment for many years as long as you are comfortable with your investment, and it does not come from a loan, from your savings, or from emergency funds.
I have a friend who invested in Bitcoin coming from a loan but since the loan is maturing he has no choice but to trade it all and pay the interest, he did not gain from holding because the market is in bear, two months after he sold all his Bitcoin coming from the loan the bull started, so invest only on money that you can afford to lose and never from a loan.

Its seems unpredictable with how much profit you earn when investing in Bitcoin trough first time some one talked you on 2012, I late know with Bitcoin because my first time understood about Bitcoin is not investment assets but used it for payment currencies on hype investment assets in MMM Global.

All investor have good and bad experienced with bitcoin actually the people coming when Bitcoin have been on higher price they have bad experience with loss investment assets, but the people have know early when bitcoin still lower price and have faith how bitcoin potential at the future they earned much profit right now.

One thing about Bitcoin investment is that you most understand the systematic ways of investing with Bitcoin before you can excel or become propagate for the investment, you have to learn and understand the risks of Bitcoin before you can purchase Bitcoin for short term or neither long term investment, so most of the people get lost on the process of investing in Bitcoin have not understand the usage or the functions of chart in Bitcoin, and some don't use chart to know the actual period an investor have to invest in Bitcoin. So that's another concept that leads to a lost making in Bitcoin investment.

You're absolutely right, learning must take place before opening trading positions in the market. Learning never stops, it's a continual process until one can fully beat his or her chest that the money and years invested on bitcoin wasn't a waste rather a fruitful year of hardwork. Bulking bitcoins without proper entries will lead to heavy losses from the market and a trader can end up not doing anything to make another step to invest more after he or she have made severe loses.

That contrasts with what I remember from 2016: a good period of accumulation without a lot of big dumps and bitcoin prices generally rose slowly until the big breakout in 2017. You sold your bitcoins early when there was a small dump? However, it might be normal for individuals new to bitcoin. The good news is that you returned in 2018 and purchased them at a discount. That time period is reminiscing to me. When compared to prices few years ago, the current dump for bitcoin is higher that its highest prices before.