Did Bitcoin Ruin Your Life, Or Help Your Life?

[pureelite]

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?

It depends on how you use Bitcoin, if you buy bitcoins and betting in casinos Bitcoin, do not believe that it can help you in life. But if you're using smart Bitcoin and if you earn, then this is a good thing in your life.

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[umaOuma]

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?

It depends on how you use Bitcoin, if you buy bitcoins and betting in casinos Bitcoin, do not believe that it can help you in life. But if you're using smart Bitcoin and if you earn, then this is a good thing in your life.

Agreed. Investing would be the right word rather then using. One must be make smart investments that it becomes helpful in the future.

Many of people are addicted to gambling and everyone wants to get rich quickly. So they choose gambling as they feel that one day they would grab the jackpot and become millionaire in a single day but that is simply not possible.

[mrhelpful]

It actually help me out, cause I was actually seeing a documentary at the time.

And it was based on the recent bail out with the 2008 financial mess, and felt theres no resolution until I saw bitcoin. 

[techgeek]

It helped me to learn about economics and trading. Before Bitcoin I would hardly pay attention to all those since news. Post Bitcoin I always pay attention since everything is connected. Everything that happens in the fiat world has a side effect in Bitcoin, therefore you better remain informed.

 same here. I never really paid heed to economics and trading and all that stuff.  But since I camee to know bitcoin , it has influenced me for better. I came to learn of so many things I would never think of. Economics is gradually becoming my favorite subject because of that.

Yeah Bitcoin can never ruin anyone's life. It have surely helped me in my life as it has become an alternative source of income for me. As I was not satisfied with the salary that I earn but Bitcoin added value to my income and I am enjoying my life with bitcoins.

It may not ruin their life of knowing bitcoin, but it def can if they got heavily invested at the wrong time.

Imagine buying at the highs of bitcoin like $1k and they put 30k.. im sure the person doesnt enjoy bitcoin as much.

[chaser15]

It help my life. Bitcoin saves me from goddamn PTC sites that earns you $1 in 2 months which you are not sure if it that PTC site will last for 2 months. I used to click in 10 ptc sites back to the days when I dont know anything about bitcoin.

[pereira4]

I still remain neutral. My life hasn't changed much. I've made some BTC, but I wasn't there to buy at the right moment and selling at the right time.
Our only chance unless other lucky strikes are meet, is BTC going to 10+K over the course of the next 10 years, and selling some (not all) of it at ther ight time during a mega bubble, then buying back as it recovers again.
Then again, to make interest out of that money one would need to convert to fiat and pay taxes... fml.

[stromma44]

It helped me to learn about economics and trading. Before Bitcoin I would hardly pay attention to all those since news. Post Bitcoin I always pay attention since everything is connected. Everything that happens in the fiat world has a side effect in Bitcoin, therefore you better remain informed.

 same here. I never really paid heed to economics and trading and all that stuff.  But since I camee to know bitcoin , it has influenced me for better. I came to learn of so many things I would never think of. Economics is gradually becoming my favorite subject because of that.

Yeah Bitcoin can never ruin anyone's life. It have surely helped me in my life as it has become an alternative source of income for me. As I was not satisfied with the salary that I earn but Bitcoin added value to my income and I am enjoying my life with bitcoins.

It may not ruin their life of knowing bitcoin, but it def can if they got heavily invested at the wrong time.

Imagine buying at the highs of bitcoin like $1k and they put 30k.. im sure the person doesnt enjoy bitcoin as much.

What you are saying is exactly correct, the people who have bought it for the higher prices wouldn't be satisfied at present with the current prices of the bitcoins.

But who entered lately when the prices were low, they still have hope that prices will go high and they can make some profit out of it, and those who have bought for higher prices have only one option left to wait n watch n sell it when the right time comes.

[notlist3d]

Overall helped as I enjoy playing with it.  I am in it for the long term, so not selling all the time.  It's not effected be in any bad ways.

I could see how the ones that invested a lot at 1k per could have hurt them financially.  But even then I'm not sure it could have ruined their life.  You should never invest more then you can loose.

[Xenoph0bia]

Overall helped as I enjoy playing with it.  I am in it for the long term, so not selling all the time.  It's not effected be in any bad ways.

I could see how the ones that invested a lot at 1k per could have hurt them financially.  But even then I'm not sure it could have ruined their life.  You should never invest more then you can loose.

It is helping everyone I guess who holds the bitcoin even if it is least amount. I personally feel that It has added value to my earnings. As it is like part time earnings for me where I can take care of my basic stuffs keeping my salary intact. Where I can invest my part of my salary into bitcoins every month.

[notlist3d]

Overall helped as I enjoy playing with it.  I am in it for the long term, so not selling all the time.  It's not effected be in any bad ways.

I could see how the ones that invested a lot at 1k per could have hurt them financially.  But even then I'm not sure it could have ruined their life.  You should never invest more then you can loose.

It is helping everyone I guess who holds the bitcoin even if it is least amount. I personally feel that It has added value to my earnings. As it is like part time earnings for me where I can take care of my basic stuffs keeping my salary intact. Where I can invest my part of my salary into bitcoins every month.

I pay for electricity out of my BTC.  This keeps it accountable where one day if BTC drops really low.... I didn't lose a ton of money on electricity.  I run a decent amount off miners so that could be a loss that would hurt my life.

Some miners I have paid for with Fiat.  So I could possibly lose that I guess.  But  I try to keep it long term on most of my bitcoin.

[DieJohnny]

so far overall a net negative. I can't spend it or hold it really. I can't spend because nobody takes it, I can't hold it because I fear losing my coins.....

I hold more than I am comfortable holding so I have wasted time stressing always expecting that I will be one of those sorry asses that posts "how did this happen" topics about their coins disappearing.

Cost : Lots of stress, wasted time
Benefits: None

No i am not going to sell my coins though.

[Amph]

so far overall a net negative. I can't spend it or hold it really. I can't spend because nobody takes it, I can't hold it because I fear losing my coins.....

I hold more than I am comfortable holding so I have wasted time stressing always expecting that I will be one of those sorry asses that posts "how did this happen" topics about their coins disappearing.

Cost : Lots of stress, wasted time
Benefits: None

No i am not going to sell my coins though.

spend it online, if you are not in antartica or something i think you can spend it fairly easy online, there are plenty of shop that accept it

and why no one is using all4btc, that can buy you anything everywhere with btc? or buy simple games with it via steambitshop, ecc..., there are plenty of ways to use bitcoin

[bitedge]

Bitcoin has given new meaning to my life and allowed me to live my dreams.

[notlist3d]

Bitcoin has given new meaning to my life and allowed me to live my dreams.

Can you tell us what these dreams are?

I love bitcoin as well but I don't know if I'm living dreams because of it .  Ask me in 10-20 years and hopefully I say it gave me all my dreams aswell.

[bitedge]

Bitcoin has given new meaning to my life and allowed me to live my dreams.

Can you tell us what these dreams are?

Being my own boss, working for myself when/how/if I like, living anywhere in the world (that has internet).

I run https://bitedge.com/

[Prasmatic]

I can say that it has changed my life a it.
They way that I think for the cryptocurrency, buying selling and trading.
And not just me but it was a good inspiration for other coins to start a new business for alt coins.

[Mickeyb]

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?

First of all I am very sorry to hear about your loses.
Yes, Bitcoin has really started a movement and more and more people are obsessed with it. I catched myself becoming obsessed and I didn't like the feeling of it. Just looking at the price all the time, reading forums and researching. Than I decided to slow things a bit.

Thanks God, I never had to fight the fight about the money with the Bitcoin. I decided how much to invest and I stick to it. If I wake up tomorrow and all is gone than let it be that way. I think if I've gotten deep regarding finances that I would have gone crazy and gotten out long time ago. Because me and my family have to eat and Bitcoin is still to some degree uncertain.

So to conclude, the most important thing is to manage greed. When we become greedy, we risk too much and we make mistakes. Bitcoin has been good to me and I really hope you will find a way to stay a part of this awesome community and this awesome technology!

[aleksandarmkd]

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?

neither of both

[BTCevo]

so far overall a net negative. I can't spend it or hold it really. I can't spend because nobody takes it, I can't hold it because I fear losing my coins.....

I hold more than I am comfortable holding so I have wasted time stressing always expecting that I will be one of those sorry asses that posts "how did this happen" topics about their coins disappearing.

Cost : Lots of stress, wasted time
Benefits: None

No i am not going to sell my coins though.

There is many ways to spend your bitcoins, who said no one want to take it? If you search it in the digital goods tab there are many things that you can buy that I scare enough to there because I will spend it like crazy buying all things
Cost : None
Benefits: Many benefits, the most people agree on is the efficience and the online. You can make it online just need some wifi

[wearepoor]

Bitcoin has given new meaning to my life and allowed me to live my dreams.

Very true,
Bitcoin has added value to my life, I enjoy shopping more with bitcoin as compared to fiat or credit cards, Online shopping has become very easy with the existence of bitcoin. The person who doesn't have credit card can also shop online by using bitcoins, and that is the best feeling.