Bitcoin Forum

I see more of success stories of bitcoin, like how people invest bitcoin for their parents,  uncles,  and themselves to make fine profit. These stories are very interesting one and good to listen of what bitcoin has done for people but it makes me wonder if people don't have stories of failure about bitcoin. In the real life I see people who talk about their failed investment because of not having the right knowledge.  But here everyone talks about success stories and it makes me wonder if people are shy to talk about their failures, it can also help other people to learn. Learning is not just about from successful investment.

They are not shy but when they share their failures, much criticism is certainly what you read which for me, I'd rather not tell anyone. Especially if you are talking about this to your friends and relatives, they will think that Bitcoin is a scam without knowing the main reason.

However, sharing success stories makes you proud of what you did. It is actually easy to share good things rather than bad things but for me, I keep silent and never share anything unless I've been asked because many don't want to see someone improved especially in our place. In their eyes, your success is a failure to them.  

You never know their stories are true or they only imagined interesting untrue stories and share them here. We don't have any rights to request those members to provide and share evidence to prove their stories are true. We even should not request such evidence because it violates personal privacy.

I am more interested in failure stories because I can learn from their mistakes and sit back to see what I do the same but luckily enough to don't have any loss or big loss so far. Luck will not stay with me forever and I need to change myself to avoid big losses like their failure stories.

Sharing successful stories is risky because it increases risk of physical attacks.

Known physical Bitcoin attacks (https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md)

Maybe failure stories arwnt worth sharing or shameful to tell about? Well not for me. Every failure means another source of potential improvement. Crypto is a broad and our story keeps changing overtime. From always losing we can also be on the winning side. Thats how we learn from our mistakes. Dont be afraid to lose from there youll definitely learn how to focus and change your style so next time youll have a good win and stories to tell.

Because every investment in Bitcoin should be successful as long as they hold for long time isn't?

I'm not sure if lost coins in centralized exchanges, send to wrong address, $5 wrench attack, attacked by malwares, etc do count as a failure since all of them are caused by their own mistake, not due to Bitcoin.

I never heard there's an exploit in Bitcoin network or get attacked with 51% attack.

Investors can get profit or can get loss in any market and with any asset. Because in a same market, there are buyers and sellers as well as there are winners and losers.

With Bitcoin, it looks very good asset to gain profit as historic ROI of Bitcoin shows that if you have Bitcoin and hold it for some time like years, you already got good ROI. It can change in future but I believe Bitcoin will still be one of best investment asset in future because it is a unique asset in technical and in its total supply, new supply design.

Bitcoin profitable days: https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/
98.2% of days are profitable.

Never look back price. It's impressive as since 2024, Bitcoin has never looked back $40,000.
https://charts.bitbo.io/never-look-back-price/

I would have loved to know which medium those stories were shared because most of the people who share success stories about their investment do it to attract people to their schemes which usually end up in scams. The early adoptors are mostly minding their business and wouldn't want to be known for reasons I think are not far from security.  Nevertheless, I have been privileged to know some successful Bitcoin investors, and it was only possible because I inquired, not that they shared such information with the public.

The majority of people who investment in BItcoin with the right mindset and approach usually have success. Right mindset means not wanting to get rich overnight and not giving in to fear and doubt and holding patiently for a long time. The other set of people who actually experience loss in Bitcoin are those who buy the hype and are eager to see their investment multiplied the next day. When they see something contrary to their expectations,  they usually sell at loss and live to spread fud and all manners of negativity against Bitcoin.

i'm guessing you've never heard of "coinfessions", have you?

https://twitter.com/coinfessions

I have read stories of failures or mistakes that happened to individuals who have at one point or another invested in or do trade Bitcoin.
Although the failures and mistakes often teach us how to be careful with our investment, the success stories does more to convince and introduce those with doubtful minds to Bitcoin and the potential it wields as the currency of the future and even present.

I also do think that failure is a great motivator and every success story without a failure story, can even make an interested investor to lose hope, because a good investor knows that risky investment many at times yields the most profit.

If you engaged in doing something and it all failed, will you be interested in telling others about it, those we see that often come out publicly in making their stories being felt by others are those who have already learnt from their past mistakes and later got it right, they feel like they can make it happens again and it will be goof if others also learn from it, but ours can be different if we can learn to avoid those mistakes right before they arrives.

Are you talking about  here in the forum or aswell outside because for what I know most people who would advise or give comments here don't just say things out of no where but at times have experienced such that is the reason they will always share both the good and bad side of the story and we are left to choose for ourselves. I think you only need to get engaged more on topic threads that most reputable people in the forum gets into and discuss, there you will hear many experiences which will help you in this journey.

You have asked a good question, the failure events gave us more knowledge than the successful ones. I never invested in BTC before until I joined this forum, after joining this forum I was into alts, and then slowly slowly I became a BTC lover and still am but it does not mean I left investing in alts. If you want to read some fail stories of BTC investors then here they are: The 9 Biggest Screwups in Bitcoin History (https://www.coindesk.com/markets/2014/07/20/the-9-biggest-screwups-in-bitcoin-history/)

Although I recently made a post in my local board of success stories of BTC investors of all time, and I tried to explain how those investors made up there mind, and what they saw in BTC, that forced them to invest in BTC and even some did but what really made them to hold onto it for long period of time.

Those kind of people are whom you should stay away from. Bitcoin investment comes with risk and this risk involves loss and gains so if anyone is to share his success story and tell you that he made so much profit without making loss then he is either trying to scam you in one way to wasn't to make profits of your investment.

 I've come across these kinds of people alot on the Internet especially social media, where they claim to be experts and have best methods to trade for you, probably making 100-200k every daily. They are all scam though we have genuine traders but they would tell you that the market is risky and possibilities of making such profits daily is very low. Just try to listen to success stories from real traders and you will see what they went through to get to where they are today.

Maybe, you have not read to the point or a thread that forum members here said how they lost in bitcoin because of lack of knowledge. During the 2021 bull run that a lot of people invested due to FOMO, when they saw bitcoin price skyrocketing, some of them bought without understanding the market and they felt that is how bitcoin price will keep on increasing, but it was a shock to them when bitcoin hits the bear market, and most of them panicked and sold below their entry points and made great loss.

I think that the reason why we hear more of success story here in the forum on bitcoin is because we are in a bitcoin community where you will learn more on how to to about your bitcoin investment from experts, and that will be a guide to enable you make the right decisions at the right time, which will lead to profit. This is because we discuss the prevention measures of running at loss here. Just like the current price of bitcoin, nobody here will tell you to sell but they will only tell you to be patient with your investment and wait till when the price hits above 80k and above.

Those people outside the forum run at loss because they don't have people encouraging and telling them about bitcoin price movement based on past history, so it is like the are lost in their bitcoin investment which can lead them to panic and sell when there is a dip. If you are knowledgeable in an investment, you will succeed than someone with zero knowledge.

In this case, I will say relating good or bad stories works together with certain benefits. Relating stories of success is good because it can serve as a medium where someone can know about bitcoin and can also serve as a motivation to the listener, which can result to him(the listener) wanting to know more about bitcoin.
When it goes wrong, it is also good to relate it to people who care to know, losing is as a result of a mistake made out of bad decision making. Sharing your unsuccessful story can serve as an experience to learn from, so that other can know how to or what method to use when faced with similar challenge.

In addition I will advise, as newbies we should do more of learning, research on our own then ask experts to guide us on where needed because not everyone would want to relate their stories of failure maybe due to shame or embarrassment.

Failure does not motivate anyone to do better except the person in question and that is only when they decide to be consistent in that same thing. Perhaps nobody will tell you how hard it was before they made it out but you in your unconscious state of mind should know that nothing comes without a sacrifice hence the sacrifices for the success stories are hard works.

However, in bitcoin the people who tell their stories sometimes at the end they usually advise the people, or they try to pass a message for the younger people and this message tells that they made mistakes and this mistakes are meant to guide you through your successfull edges.

Your also very correct with your notice that people don't really share the sad part of their stories which are more important than the success story itself, because it will guide people not to make such mistakes in their journeys. There are a few who did but people seem not to value those people's stories that's why it's not viral to your hearing.

First of all, these stories shared by many are even true they just say it for the sake of creating a thread.

And we individuals doesn't really cherish the failures but only the success and that says the logic behind people sharing the success stories of bitcoin but you can find people sharing the fails of others even in bitcoin.

Like someone who had thousands of bitcoins in a hard drive dumped it into the garbage, etc.

There is no positivity without negativity also and in fact the negative aspects may even outweigh the positive which are stories that we have hard all around the forum and other cryptocurrency communities.


So the success stories exist due to the presence of the failure stories also, indeed bitcoin have changed many life's in a positive ways,many have profits from they bitcoin investment which are converted and used for good project's such as buying dream cars and House from bitcoin profits.


Also many have lost they life savings due to either bitcoin related scam or buying bitcoin when the price is at all time high and suddenly the price dropped back cutting off half of the invested amount.

People are not eager to tell their failures because it makes them look stupid and almost nobody wants to look stupid unless they are on youtube where acting/being stupid is rewarded with lots of money. If you want to listen to the failures of people, you should probably go there. In this forum there is no real incentive to tell such stories and that's a good thing because if you somehow read a failure story in this forum, you can be sure that it is genuine unlike the fake youtube stories which people make up to attract hits.

Some think to make jokes about the success they have had in bitcoin because of the desire to get attention from the communication. But I can highlight the achievements of certain people who did exist and they struggled hard to achieve this success. There are many stories that we hear in the community and some of them occur naturally or are made up according to interests. I treat this as a basis that doesn't need to be thought through because when they lie there will be no results and in fact they will get opposition from many people.

It is common knowledge that people prefer to talk about success compared to failure, this generally happens to most people in the community and outside. Even though failures that occur will be a motivation for other people to start better, because not many people talk about this the discussion space is limited to just the level of success.

Most people who tell you only the interesting things about Bitcoin are either self acclaimed mentors, content creators or scammers. They tell you what you want to hear so as to draw your attention and make you invest. This is a major cause of regret for newbie investors because they were not told all they needed to know about Bitcoin and cryptocurrency at large. In order to avoid regrets as a newbie, first research whatever investment option that is brought before you, especially crypto investment that involves high risks. This will help you prepare your mind for what is ahead of you. At least you have a chance of saying NO instead of jumping into it blindly.

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To the rest of us who are already into Bitcoin...
While telling anyone about Bitcoin, also let them know that

• bitcoin's price is not stable, it can fall to the extent that you are left with an amount that is lesser than what you invested initially.  It can also rise and give you good profits.
• bitcoin wallets are prone to attacks by hungry scammers seeking to steal your coins
• bitcoin investment is not a get rich quick kind of investment.

The newbies should decide if they want to go ahead with investing or not.

Most people will only tell you their story when they are successful, but whenever they fail, they will keep it to themselves. That’s why whenever you are on social media, all you will see is people giving testimony on how bitcoin changed their lives, and nobody will complain that they invested and lost their money in bitcoin. I do tell most people that I know that they shouldn’t believe everything they see on social media, just a few are true. Some people giving testimony on how bitcoin changed their lives might not even be holding any bitcoin in their wallet.

People posting on social media are just looking for an audience, most especially YouTube users, who are just posting for the sake of subscribers and likes. If you don’t claim to be a successful bitcoin investor, then you won’t get people to subscribe to your channel, but whenever people see you talking about how bitcoin has made you rich, then they will definitely be interested in it.

There is no successful person who has not experienced failure or loss. The nature of this volatile investment involves risks and financial losses. Some can reduce the risk rate; others face these risks without experience, financial management, etc., and fail. Most people talk about their successes and learn from their mistakes without having to disclose them because doing so may make them feel ashamed and lack experience. In addition, sharing failures might demoralize others, so they are focusing on spreading the positives of their journey and the success they achieved from their investments in cryptocurrencies, particularly Bitcoin.

Indeed, learning is not just from a successful investment. You’re right OP; you can learn a lot from others’ past failures to avoid repeating their mistakes and shortcomings. In fact, even those who have fallen victim to scams, after they share their experiences and what happened to them, help others secure themselves against similar scams. If you use the search feature above, you’ll find many stories of members’ failures, and numerous articles from prominent investors and traders are available through search engines.

Some people are very proud of themselves and want to be seen as successful men or women, so they don't say when they get a big loss. But IMO in the Bitcoin universe there is another kind of people : ones denying their losses. They are so convinced that Bitcoin will bring them money and will make them rich, they don't look neither want to see their losses.

Of course, one wouldn’t reach the peak of success without enduring hardships and failures at first. I think that’s a common sense. But if your point is to let everyone know their losses and failures first before they have reached their current position now, I think that would certainly take a lot of time reading.

But I suggest you try to experience it all alone, that way you will also encounter all by yourself some failures and losses that those successful people have endured way back then.

For sure they have failed stories no people earns success without passing on many challenges. Maybe people only discuss their success its because they want to brag their achievement and make people think about they are so successful in life thru the bitcoin investment they taking on. Some maybe not open to discuss about their failure but actually its interesting topic to discuss since we could able to know how people surpass those hard challenges and how much money they lose before. Since this is really helpful for us to consider so that we would know each side of stories and make it as reminder that there's a lot of things will happen on our journey and its not always about glory so that we will not get fooled by any dubious stories by people who want to take advantage of innocence of people.

Some success are good enough to be shared  cause it can motivate to other such us successful in Bitcoin investment. But for me it's still good to share our failure's cause through failures we learned a lot of lesson that we won't do it again in the future it's look like our failure is our teacher if we failed then that's good cause not all the time we will be success.  But we can not deny the fact that some people feel shy when they are talking thier failures cause maybe they thing that they are not good enough.

Someone who has failed before and later succeeded will always want to be sounding their success stories. No one wants to associate with failure or always remember failure. It is only in rare cases when advising newbies that people talk about that failures. So, in other investments, they often talk about their failures because they failed and failed out. But in bitcoin, when you fail and doesn't give up, you remain for a while and do the right things, you will succeed. So, in bitcoin, many people who failed initially later succeeded.

Nope.

You probably just didn't saw those threads about stories with their failed investments including Bitcoin. But if you are for that, you'd definitely see them in other forums and platforms as well.

I were you, I would read more of the success stories because it is known that for every success story, behind it was a failure that person have experienced before reaching the peak of his success.

Look at social networks, at people’s profiles, when they post photos of themselves on vacation, of their rich and successful lives. Don't such people have failures? Or do they never cry? But most of us do not like to tell the world about our troubles and failures. In the same way, when telling their stories with Bitcoin, people want to look better and be more self-sufficient. But anyone who wants to believe such stories must think about the path this person took to success. We need to search for cases of people where Bitcoin left them with nothing, and of course not blaming Bitcoin but looking into the reasons that allowed people to fail. After a proper assessment, everything will fall into place, and the one who boasts of his successful life will be exposed if the reality does not match the stories.

I made it out alive, but it was never easy, every success story has its past struggles and many people won't want to share that maybe because it was ugly or embarrassing, i as a person do not care.

I went through hell to have a better change in life, from starvation to heavy stress on my body, I have to walk miles everyday to get to where I am going, and still keep money to invest in Bitcoin.

Since 2016 to 2021 I have hunted for more than 500 different airdrops to make extra money so that I can buy more Bitcoin, there is no cloud mining websites I don't know, there is no faucets websitess I don't know, I did it all.

In the end I got lucky multiple times, I made some life-changing money, even from airdrops, and the man who stood with me all along encouraging me to never give up ended up dead the same year that I became financially free, this life is not balanced.

I myself got sick that I narrowly escaped death, and that was because of the stress that I put myself through in the past years, I paid the price.

I believe that we hear more of success stories about Bitcoin, than failure stories, this is because it's the most reputable and trusted cryptocurrency, also it's a store of value, that guarantees a success story for people who hodl it. Anybody that is holding Bitcoin, with the right knowledge, will always tell a success story, failure story can only come out of ignorance and negligence, like not securing your seed phrase, or leaving your Bitcoin in an exchange or related platforms, where they can go bankrupt or be hacked. Most of the failures in Bitcoin investment are from external factors, unless if someone makes a mistake and borrows money to buying Bitcoin to sale on the short term and make profit, if price begins to dip, it becomes a failure story, because Bitcoin is a long term project.

I could remember when I had no idea about crypto investment I keep seen a lot of people testifying on social media on how they make a huge amount of money from crypto trading, so whenever time I see people giving such testimony  I always overlook because I have no idea about what they are talking about. this keep happening more often so it has gotten to the extent that I decided to conduct a deep research about what this crypto trading that have been trending in the social media is All about. then I get to find out that indeed cryptocurrency is a good assets that can profit One in the future. though I don't have stories to tell about crypto trading because I just started this crypto journey recently, but I strongly believe that as time goes on I will be in the right position to tell stories about how I get profited from crypto investment.

Some people can forget that there is a need to be real on this forum because it is different from other social media where people are under pressure to flaunt a fake life. It is not like there are no negative stories about investment in bitcoins; it is just that people may be reluctant sharing those stories.

The most common of these kinds of stories on this forum are the ones about how an investor was scammed or lost to theft, or how an investor lost access to their wallets. These are negative stories that have been shared before in the forum, and many have learned from them.

Just because you have read about people's failed stories about bitcoin investment, doesn't mean no one has shared their failed stories here cos I know that I have read, countless times of how people miss investing in bitcoin with their friends when the price of bitcoin was low or how they invested and sold at a low price, thinking that the price of bitcoin wouldn't go up higher as it is now.

Anyway, people like to talk more about their successes than their failures in life. That's why you see more success stories in the forums than failure stories cos no one wants to be cajoled rather than be praised for their bold step for believing and investing in bitcoin for the future

Some have the notion that failures by oneself is not suppose to be disclosed to be public. They grow and learn through it by themselves without having to bother anyone about those failures. Success stories are more prevalent everywhere and this is not even about bitcoin but even in real life situations. Sharing your failures is not bad, since people can get to learn from them as you’ve said. One thing I get to understand is that nobody wants people to see them as a failure or have that impression that they’re not perfect which in reality no one is. If people want to share their failures for people to learn from it’s fine and if they don’t want to, it’s also fine as far is they don’t burden anyone with those stories.

This is not entirely true. I see a lot t stories of people who went about bitcoin and crypto the wrong way and they failed and learnt from that failure both on thie forum and social media. It's not just success stories that people tell about bitcoin. People also point how their mistakes and how it ruined them. Same way people talk about how gambling ruined them, they don't know talk about the success stories.

The saying "invest what you can afford to lose" gamble with what you can afford to lose", "have an understanding of something before investing in it" are like anthems on this forum. Advices like these didn't come from success stories. They're warnings that you can lose your money in this and you should b careful.

If those failures will only scare the newbies and won’t make them motivated in the process, then I don’t think they’re still needed to be emphasized or mention in the post. That will only make them lost interest rather than to challenge them and get motivated to finally go out from their comfort zone and take the risk in order to gain future profits.

Actually I think that's the reason why most people vow not to go into crypto investment, due to the risk that is involve and there's no way you're going to convince them to go into crypto investment  mostly when it has to do with money they're always careful to avoid losing their money. However if you want your future to be a successful one you need to take risk, just imagine those earlier investors who take the risk to invested in bitcoin when Bitcoin has no value and they where patient enough to hold on to it till this time, I think most of them are millionaires by now, that is one advantage of taking risk though sometimes you can also experience lose  but that's not the end will still continue, because that's how the market is sometimes.

That is life for you. Even outside this forum it is very rare to see people taking much about their failure this is just because they do not feel comfortable with it instead they would prefer to talk more about their success.  Successful story is a good one to talk about and other people also learn from it. One of the reasons why people don't like saying their failure in the past sometimes people looks at it somehow,  like it shouldn't have been a mistake to happen, which also can make one to look stupid, so people feel when something bad their is is no need to talk about it .

If you search well their are stories of some people that have failed investing bitcoin . Op you just need to understand that people are not interested to talking about their failures.

Everyone has their own way of expressing their joy over their achievements. As long as it still makes sense and isn't dangerous to their privacy, it really isn't a problem, and can actually inspire more people in the crypto world.

However, it will be different when they sometimes overdo it and open their privacy excessively on social media, in their real life environment, and several other things that could actually boomerang for them, the level of security and privacy protection may also be disturbed by this characteristic. Again, this is related to personal security and privacy. So again, it will depend on each individual to do so.

This is more like me I prefer people telling their unlucky or failure stories rather than successful stories but that doesn't mean I dislike successful stories, though. The reason is because failure stories to me are more like lessons from others mistakes that I need to learn to avoid falling victim of that same thing later in the future when I happen to find myself in such situation. Failure is never a bad thing, rather it occurs just to make you more serious and take things even seriously in whatever you are doing. You can still decide to share your successful stories but mind who you tell about your success.

Cryptocurrency general depends on exposure (hype) for a project to get attention, altcoins get shills and one of the best ways to shill is to take about how the project has made you money and what the future holds. When people hear this they get interested as they too want to makes money so they will invest in the project. This method is the way project use to get investors into their project so it's quite common to see more of success stories than failures but that doesn't mean there isn't failures happening. If we're being honest, there are more people losing in the industry than those profiting. But people don't like talking about their failure as we have pretenders in their numbers in the industry.


People talk about their failures but they don't trend, you can only see stories like someone investing $10 and realising a $100k profits but not when someone invested $100k but now have $10 left in their wallet and sometimes it's $0. People want to hear stories that will motivate them when it's about investment and that's why there are more of the success stories than losses. Some of the stories that we hear about are stages so we shouldn't believe everything that we hear in the industry.

People love to share and make proud of themselves, and people around listen as well to gain ideas on how this person gets such achievement. That is how it hypes that market making these listeners encouraged to invest as well. Unfortunately, some got into a situation where they invested without knowledge which led to expected losses.

It is good to share but we have to be responsible enough for the words we speak out. Many people believe that there is easy money in crypto and that idea is coming from those who shared stories who pretend successful, yet they are not.

Ordinary in life people just want to tell stories that will make them stand out, so success stories are always mind-blowing and appealing to the audience. So investment in Bitcoin or cryptocurrency can be two ways is either you are a long term or a short term investor or you are a trader, for long term and short-term investors as far as bitcoin is concerned the progression has always been gradual, sometimes you invest a certain amount and after a long time or a short time the price reduces in value and it stays like that for a very long time, some investors might want to sell or see it as a failed investment, but for a long time investor who understands the psychology of the market, he will see that as an opportunity to still wait and believe you me after a long wait, You will see the price appreciating again.

So but for people that trade, the market is always on a volatile stage, so you might want to record some losses as you navigate through the market and you still might record some gains.  for most traders, they will tell you that your profit and gain depends on the knowledge you have,  so nobody should tell you that they don't make losses, they do make losses but it depends on what you know and how you apply it.

Are the stories you hear from people on this forum about investing in Bitcoin or who have made a lot of money from investing in Bitcoin completely true, maybe not true, they may be made up stories.
So everyone who shares their bitcoin investment stories here but can't provide proper proof that's why not everyone believes them. But we find the Bitcoin investment stories they tell very interesting and many people are interested in investing in Bitcoin from their stories.

Everyone has an image of failure behind success. Sometimes people see the face of success from failure. So those who have invested may have failed at least once and those who have learned from that failure are the ones who have succeeded in investing. Many people tell their success story without telling the story of failure.

I like what you pointed out because many Bitcoin investors and traders mostly showcase their success stories while not letting people know about their failure/lost stories. Meanwhile, this has somehow led to a lot of newbies cause it gives them the impression that investment in BTC is only about profit-making.
This happened most especially in the crypto trading space and the sad truth is that it makes some newbies exit the crypto market while some say BTC is a scam. Therefore, I hope everything reading this will also do the newbies the favor of letting them know crypto investment/trading doesn't always result in profit.

I totally agree with you. It is great to hear about people success with bitcoin but we should also talk about when things go wrong. Not everyone has had good experience with bitcoin and hiding bad stories can give false idea of what is really happening. By sharing both good and the bad we can learn from each other and understand risks and benefits better. We need to create safe space where people feel okay talking about their mistakes like we have this forum so others can avoid making the same errors and make smart choices. Let's be open and honest and learn from both successes and failures.

You're absolutely right most people only talked about thier success stories, but they don't always talk about thier lost. However I think is very good to talk about our success stories and also our bad experience even if it happens to be outside this crypto space, However is obvious that in everything there's always an advantage and also disadvantage. just like this crypto space their are a lot of Investor's who has encounter so many things in the market, why those beginners who are still new in this crypto space have no experience about what is happening at the crypto market, that is why when talking about our success story we also need to consider the bad experience we had so that our newbies can also learn from our mistakes.

If it is about Bitcoin investment, it will always be a successful story unless if you don’t know about Bitcoin security and how to keep your Bitcoin safe; if you know about the safety precautions and the right address to use, then you will surely have a successful story about Bitcoin investment if you hold your Bitcoin for long.
Altcoins do come with stories that are not successful because of their centralized nature that is why many altcoin investors do have bad stories and successful stories.

That's all about the Bitcoin investment, and normal in life, sometimes you have to failed before getting some success, but that is what some people don't want to believe, they only want to see huge profits once they make investments. And nothing good comes easy, you have to suffer before becoming a person on your own who will be putting food on your personal table. There are many stories about the Bitcoin investment and how some people invested for their parents and uncles, and it has been successful without any losses.
 
Morever, you see those that have failed in Bitcoin investment mostly are the people's that don't wait to have knowledge about the Bitcoin investment, and anyone who really wants to become successful in whatever he is doing most have the background knowledge so that it will not have any losses, and anytime that is trying to purchase any coins he won't be scared or the risks that are involved since he has learned much about it.

I guess it’s already an initiative that everyone who succeeded has always incurred failures and mistakes at first. Although they don’t seem to share what they had experienced, and mostly it’s for their own privacy. And besides, people here won’t be encouraged to take some risk in crypto if all they would hear are those mistakes and losses that contribute to their failure. The end goal should always be the focus, so that those who are aspiring crypto investors will still get a guarantee that despite of some losses at first, they’ll still manage to succeed in the end. And that’s the spirit of a true investor.

You know, telling other people about your success is human nature. Whatever the purpose, it is something people can be proud of when they can talk about their success and there is visible proof, so that other people really believe in that success. Because, someone is considered successful in society when:

- It looks like what they have is something luxurious
- Included in well-known media publications, both domestic and global
- Diligently post something different and make people amazed and wonder what they are doing
- Likes to share motivation and become trusted in this field

However, actually, behind it all, there are things that should be more important than judgment and acceptance by other people. that is, sharing stories of success accompanied by real evidence, as well as various processes that have been experienced, and how they were able to rise above to achieve success, then it will become a learning point and quite important information for other people. Because, many people are more interested and motivated from the success stories of people who have actually seen their success, rather than from the stories of ordinary people in general. This is a phenomenon that occurs in society in general.

That is exactly what's happening. Newbies who read stories where people got so much success with their investments in cryptocurrencies think that it is very easy to earn money from this industry and they enter the market with a get-rich-quick mindset but when they lose their money quickly instead of becoming rich, they start saying bad things about the market.

So, it's essential for people to also mention that it involves a lot of risks when they share their success stories, and they should also let people know how many attempts it took for them to reach that success so that those who are reading or watching those success stories can have a clear idea about how things work around this industry.

Actually in every investment is very difficult to measure a 100% success because there are serious ups and downs on investment but what matters is that your success should be higher than your failure but however in terms of investing on Bitcoin there is a higher chance of having 90% success if you are the kind of investors that love holding because I believe the reason why you saw those people always talking about there success on there Bitcoin investment is because they could be a Bitcoin holders who sacrifice and putting a lot of money and regardless of the market fluctuations they still hold, so of course in a case like that success is certain.

In other words most of the people that records more failure on there investment is mostly those investors that focus on Bitcoin trading because we all know how volatile the market can be so there is every chance that someone could lose a lot of money while trading because there is a higher risk on trading and in as much as there are also chances of making huge money on trading there is also higher possibility of losing all your investment while trading so perhaps that's why I believe that failure are most from trading.

Its human habit just interested talking more successful stories to the other in cryptocurrency but most of them hidden or make more privacy with how many time get failure and loss from bitcoin or altcoin investment.
Almost the same with future trader always show us their success stories when success taking much profit and show us PNL profitable earn but hidden how many time get liquidation from future trading.
Usually for the first time success achievement in trading or cryptocurrency most of us will sharing to the other and publish on social media, but believe or not after having much experience will make your self more privacy when sharing profitable from cryptocurrency trading and try to make more privacy only your self know with bitcoin profitable or achievement.

This is a typical "survivor mistake". People are willing to talk about success stories, but try to keep silent about unsuccessful investments so as not to appear (demean themselves) in the eyes of others as clueless investors and losers. Such stories underestimate the social status of the narrator, which is why they avoid advertising their unsuccessful actions.

Of course, negative experiences could be useful for others and allow, for example, newbies, to avoid mistakes by sharing these stories. It’s easy to talk about your failures on a forum, but not many people will take this step in real life to tell friends and relatives. Also, stories about failures with bitcoin are risky, because listeners will certainly reproach them for investing in these “shitcoin-pyramid-scam-bitcoin” in order to strengthen their belief in the non-recognition of this type of financial asset only because of personal hostility (ignorance).

People talking only about their brighter side of their investments and leaving the ugly and unfortunate side of it is what I will say is maturity because you can't expect people to dwell on a failed investment instead since they were able to move on and conquered it is no longer necessary to deliberate about the previous times they tried and failed. Normally people make wrong decisions at the start of their investments and after some setbacks and losses they tried again in different ways and succeeded so that is the most important thing here.

There are failures stories that are more like regrets when it comes to Bitcoin investment probably you may not have gotten in to one which is quite different from other coins, regrets in the sense that they sold out maybe at loss there Bitcoin investment too early  compared to what the value of Bitcoin was then and what it is now, many where so much indicisive about the potential Bitcoin holds and didn't feel the need to hold for longer period of time as Bitcoin is best performed when viewed on a longer time, in as much historical events doesn't give a guarantee to the future events, Bitcoin has proven to be a good  coin as it has made a more increase in it's value and widespread adoption and it seems to be that there are more success stories about Bitcoin than that of the failure stories. In a real life scenerio many will tend not to share or talk about there failures as a way of not letting others know their weakness but will talk more of their success stories to show how much of  strength they have gat, failure stories are more like a sad news and not all can be courageous enough to talk about it. But however, people can actually learn a lot from your failure stories.

Yes it's always like that that Joy or success over shadow failure and paint, no matter how you fail or feel pains where there is break through it over shadow all you pass through that is main reason when you hear people tell there story of success they may not go rigorous means if what they oast through but highlights the good aspects.

Though not everyone that like to tell the story of how they make it but some like sharing such information that where individual difference come to play.

One thing that we must know as human is that truth is not everyone one that like saying it any information one here from any medium need to be Felters and select the one that suit what you desire you must not que to all, many have no story but like to say something because other's are sharing inorder to seek audience attention but one thing we human must know without been told is that no success without a work or price even when the price to pay is hidden there must be nothing come in Plata of gold.

Some are of the opinion that many of these "success stories" are actually made up, and I also think there is some truth in that. It's no secret that there are a lot of "imaginative" members on the forum who try to earn merits in this way, and somehow successful stories sell much better than bad ones.

In real life you always risk if you tell lies - in the online world there is a certain amount of anonymity and you can write whatever you want without any consequences. Therefore, I always take such stories with a dose of suspicion, regardless of the fact that I know that some of them are true.

You are absolutely correct and that is human being for you, just like you said some of them might be saying the truth but that fact that most people tell lies has kinda justify or cover the whole though some lies are very sweet to listen to and most of them look so true to be a lie and most people knows how to cook and spice it. However, sometimes bad stories or stories on how you fail in life doesn't interest people to listen to, it's more like a waste of time and nonsense thing to hear but what about people like me that don't feel comfortable when lying, infact I don't even know how to lie because I don't know how  to keep my face and start saying it.

We have people that bought Bitcoin with loss stories and that's because they panic and sold below the price they bought their Bitcoin. The magic of preventing Bitcoin loss is never sell your Bitcoin even though you are in loss, the purpose of investing is to make profit but anytime there is panic, the first thing they think of doing is trying to mitigate loss and they aren't traders, they quickly forget the purpose of holding and take their loss.

So when you don't see them discussing their losses, they later realize thier mistake of selling because Bitcoin always comes back to the top and they chew hands like if they had known, they wouldn't sell. However, don't forget about scammers online who portray money to be a successful Bitcoin investors, number of them are scammers and are doing it for the victims to scam.

But for me, I prefer to listen to people who talk about how they survive from failure until gain success. I would like to know their way of survival when they are suffering and in financial crisis, because that is more interesting and from that we also gain some ideas. Because I know that nobody becomes successful without committing mistakes and experiencing failures in life as we all have that situation.

Maybe, their stories could also help us as we try and we take those stories as a reason why we don't have to quit despite those struggles we face, instead make this a reason to stay strong and determined in reaching our goal.

The question is, do you want to hear failure stories? Or why do you hear other people's failure stories? Most of us are more interested in hearing success stories than failures, even though the story starts with failure, then in the end he succeeds, that's pretty much the plot. So has anyone failed from investing in Bitcoin? there are so many, are they blown up, of course not because they are covered by those who are successful.

Sharing stories all depends individually,the way I share my stories both successful and unsuccessful ones is different from yours.The listeners are also different,some listeners would want to hear the success and failure part of Bitcoin investment while some wouldn't want to hear the failure part of a story because it may serve as a form discouragement.Personally if would want to inform a person about Bitcoin investment I will tell the person the ups and downs of the market,the person needs to be informed so that when he/she get involved it won't look strange to the person when the price start declining.When a person is informed on the ups and downs of an investment it's left for the person to make a choice and face the outcome of the reality.

Sometimes keeping the other dark side of something is much better for you than opening it up for everyone to know about. Some learn from those failures while some use that as a means of criticism. Whichever one the person decided to use them for, still remains on the person not to feel discouraged or bad about how far they’ve come in life and what they’ve achieved thus so far. Success stories are always pleasing to hear with a lot of joy on the face of the narrator while telling failure stories, the listener have more tendency of feeling it more than the narrator himself because of the negative impressions it will have on them of at all it isn’t impactful or they don’t see it from the level of impact it will have on them.

That why theres a different story, of course, those winners in crypto making share their experiences and success with others and how their journey went through but of course, they experienced too having failure during those times, but somehow there's is some people how unlucky with the crypto could be a wrong decision in investing or still not learning from their past mistakes. The market is volatile but you can find a way to lessen the risk of every investment and trade. If you have a plan with your investment you will not get lost whats your target goal.

People have failures in their investments as much as they have success stories, only that they feel more comfortable sharing success stories, while it takes guts to share failed stories. Ofcourse I've heard a lot of failed testimonies on this platform, about how they lost their seed phrase due to negligence and how they got scammed, but we can't deny that success stories are far more. I think sharing experiences are very important in the forum, either success or failure, so that others can learn from them, a little experience shared can go a long way to guide other's decisions.

But actually there's nothing wrong regarding if they could share their failed investment stories since for me this is more interesting to discuss since we could see a more realistic topic which we can learn something valuable for us to consider especially on taking such decisions that we don't not actually sure. Since if we only here some success stories then there would be a huge chance that we will only get blinded with wrong expectations and we don't know if we are bound to commit mistake since we always think that everything is easy for us since we see those people succeed.

That's the reason if someone telling something that they are so good and tell about that they got almost zero mistake made then earn quiet positive returns on all decision they do then I will just think about that person is telling a lie since there's no people earn huge success without experiencing the worse since they won't learn anything if these people will not experience any bad experience when they are trying their best to earn.

Theirs lot of things need to watch for especially those risk that we should avoid just like what you mentioned and it will be great if they share both success and failure stories since this is more worth to read than any bloated success stories out there.

We have encounter dissapointment but the disciplined ones already know what they want and will do everything within their reach to ensure they're on the right path, each phases of challenges serves as fuel and desperate desire to continue pushing. Success is the basis of our existence in the crypto space. We just have to ensure we keep striving harder for positive results and never to relent because there's no room for failure.

They are but the success stories are more than the failure stories. Success stories motivate people to invest in bitcoin more because when you are advertising a project, you do have to show the failure stories of the project but the success stories. This a bitcoin discussion forum so the successful stories of bitcoin are welcome so that those who are against the development of bitcoin will k ow that bitcoin is not a scam project but it is legit and genuine but if the failure stories are present led here there people would abandon the project and tell others that the coin is fake.

There are people that loss money in crypto and never even try it again and they don't speak a word about it, not because they don't feel like but because they respected their decisions and the risk they took to buy coin and sold at loss or get rugpull. Not just in crypto, for every successful stories you hear about forex today and expensive cars people display and furnish houses, there are people that loss money but they don't spray out the negativity, we have some people that loss and even call it a scam and we a respect their opinion even when that's a false phrase to use.

The fact that we have investors that has bought Bitcoin since 2010 and ttwy are still holding today and don't regrets buying back then, there is nothing bad to say about investing in Bitcoin. If you want to avoid losses and such kind of stories, learn to hold for a long time so as to avoid anything that will make you sell at losses incase the price dip down, Bitcoin has never been a straight journey.

Many people tell imaginary stories and they get entertainment for it.. as we know, there are also many failure stories are available about crypto. Many people also lost their money by investment shitcoin in early stage. Even most of projects get scammed even now. But its true that, if you learn about crypto, involve yourself with crypto world, and hold it tightly, you'll become successful. Many good altcoins are available that could still give you huge profit. Even many giveaway, bounties, airdrops gave people a lots of free money. And at the end, i think many people change their luck with crypto.

I don’t even believe most of the stories that I do hear, nobody wants people to know that they are losing, everyone just keeps on talking about their success story, which I know most of them are fake, some of them are just saying it to encourage people to invest in bitcoin, which is wrong to me. If you want people to invest in bitcoin, you shouldn’t deceive them with your success story, just tell them the reality so that they will be prepared for it. If you have lost before, make sure you tell them about it so that they won’t end up being disappointed after joining.

The truth is that people are really making money from Bitcoin investment. However, there are also some people who are also losing money in Bitcoin investment due to various reasons. These reasons could include scams or selling off their Bitcoin during a bear market due to panic.but I believe that those who hold for a long period of time, like 4 years or more, and are able to experience bull run and sell at the right time are making reasonable profit from their Bitcoin investment.

There are some people in this forum, especially newbies, who come up with stories that Bitcoin has make them rich . I am aware that many of them are just lying and doing it for merits. In fact, this type of stories has stopped recently because they are not more receiving merits anymore.infact Some of them who always come up with this type of stories have not even invested in Bitcoin before but just doing it to get attention of people in the forum.

The only harsh or failure stories you would hear about bitcoin are those that sold too soon or those that hears about bitcoin very early and did not take any positive steps towards buying it or sold out of fear and panic, you have to understand me im not trying to paint perfect picture  around bitcoin but if you look around you would it's ture, although they could be those that had fell on the wrong side of exchanges that shut down or suffered from scam.