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121  Other / Beginners & Help / Advantage and disadvantage of cryptocurrency on: February 18, 2023, 04:20:17 PM
Wow, I considered this topic interested because we should have clarity in the mist of sugar. You know sugar taste sweet but abuse of it can leads to diabetes. Cryptosystem is wide spread sugar that has good and bad effect, but how you approach it matters a lot.
Bitcoin in particular has put so many smiles and tears in the faces of so many people, to some is a loss investment, to some a great investment project, to some regrettable moment, to some most serene project.
From my little experience, knowledge, news and learning cryptosystem has it own advantage and disadvantages, we will be looking at them below:

Advantages of Cryptocurrency;
*it gives you choice
* it gives you money
* it gives you knowledge of trading
* it gives you risks management attitude
* exposure, links you to the world

Disadvantages;
* it can be time consuming
* the losses are irreversible
* it prone to scammers
* its discouraged seeking further career
* it can cause shocks and death
122  Other / Beginners & Help / Re: My Experience with bitcoin on: February 17, 2023, 03:12:25 PM
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.

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.

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

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.

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.

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

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.

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.
123  Other / Beginners & Help / My Experience with bitcoin on: February 17, 2023, 02:23:36 PM
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.
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