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Author Topic: Why I failed to make a fortune as an early bitcoin adopter?  (Read 26543 times)
iram3130
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March 02, 2017, 01:30:49 PM
 #61

I don't think even now it is too late for long-term investments in Bitcoins. There are many more countries who haven't used Bitcoin for it's potential yet. So prices will climb up as they start using it and still you can make fortune with Bitcoins. We must accept finite disappointment, But never loose infinite Hope.  Smiley
I would agree on that. Some governments are reviewing bitcoin to legalized for public. If it was approved and be supported by government bitcoin's value would increase as many people would use it for legal transaction. It's very significant to behold for its potential.

Yes. It may be a problem for government's because of the decentralized feature of Bitcoin but politicians and other big names have understood the importance and value of Bitcoin much early and invested in it. Most of them know about Bitcoin but kept it secret.   Roll Eyes

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Xester
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March 02, 2017, 01:40:03 PM
 #62

Hindsight is 20/20.

I first bought btc at $11 each. I made quick and easy money trading them locally. There wasn't many people who had an exchange account back then, so you could make 20% on each transaction. At the time this was a great bit of business as a small side hobby. I carried on trading and making money on the arbitrage right up through the first bubble... So when the bubble popped I was left with a massively reduced value inventory!

This week is the first time in 3 years that I have broken even Cheesy

My claim to fame is that I was almost the second ever hodler as I was about to post a reply to the hodl post but wasn't logged in.

There are ups and down in bitcoin due to its volatile nature and of course when the bubble pops the price of bitcoin will fall back to the ground. But if you just let your bitcoin sleep in your wallet it will go back again in price. The only way for us to really make bitcoin stable and make sure that such event never happened is when the price of bitcoin will rise up to 100k $ each per coin.

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March 02, 2017, 01:48:51 PM
 #63

I don't understand how difficult it is not to get scammed and lost your Bitcoins through gambling and other means. That is why I am always confused when people say they didn't make a fortune by being an early investor of Bitcoin.

It's impossible to project yourself back to the mind set of people who were around in the earliest days. It could easily have turned to dust so anyone selling at $1 having paid 1c thought they were being sensible and financial ninjas.

As for the gullibility for scamminess, no, I don't understand that. I don't care if it's magic internet money, I'm not giving it to anonymous pricks with no comebacks who make ludicrous promises.

I got into BTC in 2013. Everywhere told me Gox was the place to go. I spent five minutes researching it and thought 'what the fuck is wrong with people? Why would they trust this shithole?' and shopped elsewhere.

And everyone here right now is still an early adopter.

calkob
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March 02, 2017, 02:00:41 PM
 #64

is it just me or is the article vague and weird?
he says "i was one of the early investors before 2013 when price was $100" and i understand that he made a large investment at that price.
the he continues by saying:
Quote
"... Among early investors, some were even earlier than me, they started with merely several dollars. .... As such, just like stocks, though there were some early stockholders in 1990s, only a small number of people made a profit."

what does that even mean? just because some other group of people bought bitcoin at $0.1 and less doesn't mean HE didn't make a fortune!
someone who has bought right before the Mtgox pump at $100 has obviously made 1100% profit in a very short time.
all i can see is him crying that he made 1100% profit in half a year while others made 10 times that amount in 3 years! i wish i could be sad about such profits in such short period of time!!!!

then in the end
Quote
With faith, investors succeed.
With faith, entrepreneurs succeed.
With faith, stockholders succeed.
this is bullshit.
faith is only for idiots and old women in a nunnery.
you need knowledge and experience to be successful.


Yeah i get your point i am came away form reading this article thinking the same.  i dont get the point of it really,  what was it like just go with what you think is right because thats what your brain tells you?  strange.  and yeah the with faith bit is BS.  Huh
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March 03, 2017, 03:20:53 AM
 #65


And everyone here right now is still an early adopter.

Looks promising today with gold parity being the headline today.

Japinat
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March 03, 2017, 06:20:51 AM
 #66


And everyone here right now is still an early adopter.

Looks promising today with gold parity being the headline today.
Very promising but despite the fact that I am not one of the early adopter, I was able to manage to ride with the success. Making money in short term trade is very good at this moment as seems like the price is very predictable which mostly moves in one direction only which is UP.
Time to hold on a little bit and though temptation is out there to sell but I am keeping my promise to hold on for better return.

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