DID I MAKE A MISTAKE INVESTING IN BITCOIN?

[abel1337]

Firstly, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.There will only ever be 21 million Bitcoins.This tendancy will continue in the future for sure. Secondly, international payments can be time-consuming and surprisingly expensive.Bitcoin has fees too, but Bitcoin often offers lower fees than many foreign transfer institutions. Lastly, everyone loves gold, but is gold the best investment you can make today? We are living in a digital world. Bitcoin represents a new digital era. I think that in the future Bitcoin will be known as the digital gold and i think investing in bitcoin is one of the wisest choices I have ever made.

Having 21 million pieces is actually a very nice illusion. As you know, usually 8 bits are used for Bitcoin. In this case, 21 million * 100 million should be evaluated. As such, there are many ways that Bitcoin's price can go.

21.000.000 * 100.000.000= 2 100 000 000 000 000.

I think there's a misunderstanding, I think @bigmick44 is saying that bitcoin has a fixed supply that is 21 million and where did you get that 100 million.
The current mined bitcoin is around 18 million bitcoin. Let's wait until all bitcoins are mined and the price should be exhilarating.
We do have still a chance to invest in bitcoin specially that all of the bitcoin isn't mined yet, The price of bitcoin should not be on the peak.

[kooboat]

Money invested in cryptocurrencies especially bitcoin is never a waste. Cryptocurrency is still a young industry and it is clear that many people are coming to join the amazing world. At least for anyone who have invested is an early adopter and the benefits that comes with the invested money would surely pay off in the near future.

[blockman]

Answering that kind of question? I will not stay to bitcoin if it is just causing me stress everyday. Which means that everybody stays because bitcoin is profitable, beneficial and there's a future that can be bigger than our expectations. But answering your own question depends on what were the struggles you've been through and experiences that you've made. Do you think that it's worth it for you to continue if you keep on losing and you just can't see the point anymore of investing in bitcoin?

[MrCrank]

Bitcoin is not a get rich quick scheme. It’s still a very young, raw asset. Most of us OG’s have made huge profits but it wasn’t quick. With extreme patience & the power of HODLING comes big rewards.

If you bought today for example & HODL for 18 months it could be the best thing you ever do.

Just don’t expect to buy today & get rich overnight, it doesn’t happen. People with zero patience who’ve read about getting rich quick with bitcoin shouldn’t bother if they haven’t got the balls to HODL through tough times. Nothing good in life ever comes easily.

Absolutely right.
Better hold BTC 2-4 years.
This is good choice of all coins.

[Murat]

Of course, not, investment in Bitcoin would not be a mistake anymore, Already Bitcoin has passed almost 10 years and it's still going on high though the price is ups and downs but it doesn't matter, I think the price volatility is based on the lack of regulation process otherwise it would also be a stable platform, whatever the scenario is, Bitcoin is still leading the cryptocurrency and it's getting accepted around the world, not only that but also Bitcoin along with another cryptocurrency (not all cryptos but some)  have been recognized as one of the most profitable investment platforms for the long run, so you didn't make any wrong decision regarding this issue.

[bryant.coleman]

I believe that BTC in long run i a excellent investment, but for short term it often is very frustaring and can be very emotional.
I suggest that do not invest if you want to make a fast return , because it most likely will end in emotional decision to sell at loss.

The trick is to find a middle point somewhere in between. You can't hold Bitcoin for eternity, as it is a digital asset which can suddenly become worthless if a better competitor comes to the market. But at the same time, you can't expect Bitcoin to give you good returns in short durations, such as 6 months or 12 months. The strategy I am following is very simple. I am liquidating my coins at a rate of around 1.0% per month. I am selling 1/100th of my holdings every month, and at this rate all of my coins will be gone within the next 8 years. This will protect me from any losses in case Bitcoin suddenly becomes worthless. And I would be just about fine even if Bitcoin exchange rates suddenly spike. 

[error08]

For people who bought btc at the peak e.g. $20K then bitcoin tumbled to $10K, can't wait but cut loss.
Bitcoin takes a long time to recover to its ATH, and many people waiting for that to happen, they must have thought like; I did a mistake investing in bitcoin.
That's why, for people who looking for profit by investing in bitcoin but can't wait for years, it is a mistake.

[Nadziratel]

Firstly, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.There will only ever be 21 million Bitcoins.This tendancy will continue in the future for sure. Secondly, international payments can be time-consuming and surprisingly expensive.Bitcoin has fees too, but Bitcoin often offers lower fees than many foreign transfer institutions. Lastly, everyone loves gold, but is gold the best investment you can make today? We are living in a digital world. Bitcoin represents a new digital era. I think that in the future Bitcoin will be known as the digital gold and i think investing in bitcoin is one of the wisest choices I have ever made.

Having 21 million pieces is actually a very nice illusion. As you know, usually 8 bits are used for Bitcoin. In this case, 21 million * 100 million should be evaluated. As such, there are many ways that Bitcoin's price can go.

21.000.000 * 100.000.000= 2 100 000 000 000 000.

I think there's a misunderstanding, I think @bigmick44 is saying that bitcoin has a fixed supply that is 21 million and where did you get that 100 million.
The current mined bitcoin is around 18 million bitcoin. Let's wait until all bitcoins are mined and the price should be exhilarating.
We do have still a chance to invest in bitcoin specially that all of the bitcoin isn't mined yet, The price of bitcoin should not be on the peak.

Calculation based on if Bitcoin price reach 1 million USD. So, 100 sats = 1 $
Then if we are going to use Bitcoin as a payment, we will do it with sats value usually. Because how many times in a year do you pay $ 8000 at once?
So if we use satoshi's soon, we can't think that there are only 21 million BTC in market.

[lab rat hoax]

I think the answer is no. If the investor has invested in bitcoin with a long or medium term expectation, no need to worry. will be lucrative soon, only needs a little patience. but if that investor invested in bitcoin with dreams of becoming rich in the short term, I'm sorry things will not go well

[JollyGood]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

It all depends on when somebody invested and when they sold up. It varies from person to person and of course the dates that they purchased and sold.

[BitcoinBench]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

If you followed advice of youtube videos then yes.

[cotton ball]

Not you did, you never make mistake with your investing in bitcoin because bitcoin more profitable investment kinds, put your money in bitcoin or altcoin than you have save your money in the bank or in your house without can increase every day, with investing in bitcoin you can get much profit later when price up.

[d3nz]

No, it is not. It is not a mistake investing your money in bitcoin and its really good that you are part of the new payment generation and blockchain technology.

Investing your money in bitcoin is really a good investment and for long term holding but it will depends on you if you have bought it in cheap price and most likely to get a lot of profit in the future.

[imstillthebest]

No, it is not. It is not a mistake investing your money in bitcoin and its really good that you are part of the new payment generation and blockchain technology.

Investing your money in bitcoin is really a good investment and for long term holding but it will depends on you if you have bought it in cheap price and most likely to get a lot of profit in the future.

its a blessing in disguise because of its risk and reward feature  . the better part here is that even if you loose atleast you did a contribution to help the btc community grow  .  everyone makes a mistake on investment  .

mistake on entering which is acceptable because there is no indication if its the right time or wrong time  . or mistake because you sold too early because there is also no indicators if the price will continue or not  .

[ardentvolcanoes]

No, it is not. It is not a mistake investing your money in bitcoin and its really good that you are part of the new payment generation and blockchain technology.

Investing your money in bitcoin is really a good investment and for long term holding but it will depends on you if you have bought it in cheap price and most likely to get a lot of profit in the future.

its a blessing in disguise because of its risk and reward feature  . the better part here is that even if you loose atleast you did a contribution to help the btc community grow  .  everyone makes a mistake on investment  .

mistake on entering which is acceptable because there is no indication if its the right time or wrong time  . or mistake because you sold too early because there is also no indicators if the price will continue or not  .

There's no assurance if what directions bitcoin will go, it's hard to predict the next market movement your knowledge will permits you to keep following what you believe is good for your investment, don't worry with bringing your money to this investment currency just pay attention to what potential it have in the long run, volatility will work for your advantage if you understand how things works inside,. continue  learning to enhance your skills.

[shield132]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

At first tell me why did you invest in bitcoin and what were you expecting from this investment, then will be much easier to give clear answef on that question.
Didn't exchange bitcoins when price was 13k (2 months ago), now it's 8-9k, very bad situation yeah? What to do? Panic? I still don't think I made any mistake cause higher profit is what I am expecting and I believe time of it will come and I'm ready to wait for it.
If situation won't get better even in upcoming years, then seems this investment was mistake from me.

[bigmick44]

Investing in BTC is always a long term play, and the past 10 years have shown that if you hold your investment long enough you can make some big profits. It is, however, important to be patient and not panic sale at a price downfall, as many people do. The continuous growth in usage and acceptance of BTC in the real world is only going to set its price higher and higher in the future, so a small bear run shouldn't frighten you into getting rid of it "while you can".

[jarhed]

It all depends on the time and the price when a person closed a Bitcoin transaction, that is, recorded a profit or loss. For example, I sold Bitcoin for 11000-12000 dollars. Now I have a good opportunity to buy more Bitcoin, my profit on this transaction is at the level of 30-35%.

[Spaffin]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

At first tell me why did you invest in bitcoin and what were you expecting from this investment, then will be much easier to give clear answef on that question.
Didn't exchange bitcoins when price was 13k (2 months ago), now it's 8-9k, very bad situation yeah? What to do? Panic? I still don't think I made any mistake cause higher profit is what I am expecting and I believe time of it will come and I'm ready to wait for it.
If situation won't get better even in upcoming years, then seems this investment was mistake from me.

I really liked the words you said, because each investor should first think about his plans and really study the market and the product itself before making an investment.  Everyone expects to get superprofits, but no one takes into account the big risks in the cryptocurrency market.  I'm already used to watching how some cryptocurrency users cry and complain about their mistakes, while others enjoy life thanks to the good results of their activities in the cryptocurrency market.

[boltz]

As far as you understand in what have you invested you have nothing to worry about as in my personal opinion you did a great investment and I hope a long term one. Bitcoin is not the get rich over night deal and mostly you have to have patience in order to have success. We're 6-7 months away from halv and the block reward will be reduce and then we can start to see some gains but remember that last bull run was triggered after some months after halv so don't get impatient and sell it , wait a little longer. Also would be nice for you if you would keep your bitcoin into your own wallet instead exchanges.