BEEN IN THIS GAME FOR 6 YEARS

[MrZ28s]

Hmm. So 0.1BTC minimum to hold? I only have 0.06shBTC. Okay because you sound like a wise man I will try to buy bitcoin again. Halving equals more scarce.

I have the same experience also in 2016 and 2017. Some of them laughed when bitcoin dropped big last 2018. Now they are thinking again that this might go back to $20,000. My belief is that bitcoin will slowly climb and break ATHs. These corrections are temporary. The future looks good.   

[Gontxi]

very fortunate if you still have the remaining bitcoin savings, at least be calm with the predictions that are circulating. indeed not everyone believe it because of the current conditions that are less convicing, but i'm sure their doubts will be proven in the next few years

[BitHodler]

Halving equals more scarce.

Halving equals less inflation.... it in no shape or form equals Bitcoin to be more scarce than it already. Scarcity in Bitcoin doesn't always play much of a role because during a bear market there are more sellers than buyers.

When there are more sellers than buyers, it can take a while for the ratio between supply and demand settles to a point where the price stops going down and moves sideways for a while to later start appreciating again.

[EdvinZ]

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.

I liked the comparison of cryptocurrencies with electromobiles. Both inventions are revolutionary in their fields. I think that despite the fact that Bitcoin has already grown in more than 20 thousand times when it was at its price maximum, this asset still has the potential to rise in price. Capitalization of $200 billion is very small on a global scale, besides, there will soon be halving, which should increase the value of Bitcoin in the eyes of investors.

[NathanJB]

Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.

I liked the comparison of cryptocurrencies with electromobiles. Both inventions are revolutionary in their fields. I think that despite the fact that Bitcoin has already grown in more than 20 thousand times when it was at its price maximum, this asset still has the potential to rise in price. Capitalization of $200 billion is very small on a global scale, besides, there will soon be halving, which should increase the value of Bitcoin in the eyes of investors.

As a matter of fact, Bitcoin is only at less than 150 billion USD in market capitalization. There is so much growth in price to be expected in the next months and years. We will also take into note that the 150 billion USD for Bitcoin and around 75 billion for altcoins are reached even if there is only probably less than 1% of the world's population who are owning BTC. If that figure increases even 200%, there will already be a huge inflation of the price of Bitcoin and other cryptocurrencies. 

[deisik]

Hmm. So 0.1BTC minimum to hold? I only have 0.06shBTC. Okay because you sound like a wise man I will try to buy bitcoin again. Halving equals more scarce.

I have the same experience also in 2016 and 2017. Some of them laughed when bitcoin dropped big last 2018. Now they are thinking again that this might go back to $20,000. My belief is that bitcoin will slowly climb and break ATHs. These corrections are temporary. The future looks good

If the future looks so good (and bright), why is the sign yellow then?

Yellow is a warning color (with red reserved for immediate danger), so, if anything, it must be more like green. Regardless, if Bitcoin is to break its ATHs, it won't be a slow climb. If history teaches us anything, we went from measly 2k (seems more like outright pathetic now) to mind-boggling 20k in under half a year

Then we went vertical from a little over 3k to almost 14k (in less than 3 months). From this perspective, it is not a question of whether we will reach a new ATH (we will) or even how soon (sooner or later), but rather if we won't crash back after that. This is the question that we should concern ourselves with

[Palider]

Similar to your experience, I was also one of the discoverers of bitcoin in 2017, Priced at only 200 $.

I used bitcoin to earn extra income back then, So this is a waste of time for me, But in 2015 to 2016 I saw it gradually rise and there I started to become obsessed with bitcoin, I invest all the money I earn from working. And I invest it in Trading where my money loses, and loses confidence in altcoins and in bitcoin.

But a friend gave me advice in 2017 that provided a way to make a profit on crypto and own a business that is now on the rise.

[DaftAjax]

Similar to your experience, I was also one of the discoverers of bitcoin in 2017, Priced at only 200 $.

I used bitcoin to earn extra income back then, So this is a waste of time for me, But in 2015 to 2016 I saw it gradually rise and there I started to become obsessed with bitcoin, I invest all the money I earn from working. And I invest it in Trading where my money loses, and loses confidence in altcoins and in bitcoin.

But a friend gave me advice in 2017 that provided a way to make a profit on crypto and own a business that is now on the rise.

I don't know where you get that information, but just in May 2017, the price was already $2k and it continued to rise up (up to the bubble). Is your decision investing in Bitcoin with your paycheck is wise? Absolutely not, and I hope you already learned your lesson. Don't make "greediness" as a trait, but keep it as a "perk".

My citation: History of Bitcoin

[South Park]

Lucky are those who have insights of the current events.  I have been in the industry for 5 year, and saw OP's description happen.  I also told my friends about Bitcoin but most of them just laugh at me and others are nasty saying that Bitcoin is a scam.  When 2017 hits, they all rushed to buy BTC because it was rising,  and cashed out when BTC is crashing.  sometimes, I do not understand people.  they ignore it when there is an oppotunity and rushed when the train left.  The moment they saw some negative movement, they easily got scared and sells.  If only they learned about Bitcoin and its fundamentals, they (my friend) could had avoided selling their stash  at a loss.

I know it doesn't really make a lot of sense, when presented with good opportunities most people will not take them despite being the right choice and that is because they want to play it safe, they didn't want to risk their money investing in something that was as new and as revolutionary like bitcoin and they only did it when it was an obvious success, but if it wasn't for people like that it will be impossible to obtain profits from the markets, remember not everyone can be a winner.

[Wysi]

Similar to your experience, I was also one of the discoverers of bitcoin in 2017, Priced at only 200 $.

I used bitcoin to earn extra income back then, So this is a waste of time for me, But in 2015 to 2016 I saw it gradually rise and there I started to become obsessed with bitcoin, I invest all the money I earn from working. And I invest it in Trading where my money loses, and loses confidence in altcoins and in bitcoin.

But a friend gave me advice in 2017 that provided a way to make a profit on crypto and own a business that is now on the rise.

Yes even I am one of those who used to work for bitmixer signature campaign at one point of time when it was a long running signature campaign and used it as a side income before realizing the actual worth of bitcoin and regret selling it for few hundred dollars and I would consider this as a learning curve as some of us have utilized the growth of bitcoin wherein some have not.

[styca]

Yes even I am one of those who used to work for bitmixer signature campaign at one point of time when it was a long running signature campaign and used it as a side income before realizing the actual worth of bitcoin and regret selling it for few hundred dollars and I would consider this as a learning curve as some of us have utilized the growth of bitcoin wherein some have not.

I suppose we have to draw a distinction here. There are the people who got in early, who I think have good judgement - compared with me, who heard about bitcoin early but didn't understand why it was so good.
Then the further distinction is out of those that got in early, there are those who saw the potential and held the coin, and those who sold up for a comparitvely small profit.
There are differences of degree here, and whilst I admire those who got in early for their good judgement, I admire those who got in and held even more -as these are the people who saw the full potential of crypto at a very early stage.

[yulchatar]

Similar to your experience, I was also one of the discoverers of bitcoin in 2017, Priced at only 200 $.

I used bitcoin to earn extra income back then, So this is a waste of time for me, But in 2015 to 2016 I saw it gradually rise and there I started to become obsessed with bitcoin, I invest all the money I earn from working. And I invest it in Trading where my money loses, and loses confidence in altcoins and in bitcoin.

But a friend gave me advice in 2017 that provided a way to make a profit on crypto and own a business that is now on the rise.

I don't know where you get that information, but just in May 2017, the price was already $2k and it continued to rise up (up to the bubble). Is your decision investing in Bitcoin with your paycheck is wise? Absolutely not, and I hope you already learned your lesson. Don't make "greediness" as a trait, but keep it as a "perk".

My citation: History of Bitcoin

I think there is a typo. Most likely, not 2017, but earlier.
I can say about myself that I have heard about Bitcoin for a long time, but then I didn't consider it something serious and was afraid to take any wrong step. And also didn't buy it in 2017 during a rapid growth, but began to buy bit by bit in 2018.

[mazdafunsun]

You are very lucky to have been in the game for so long, i have been in it for 2,5 to 3 years. I got in it just before the bull market started but i did not rush in it unfortunately so I did not make a lot of money out of it. I wish i would have started my research 6 months earlier.

[strunberg]

You are very lucky to have been in the game for so long, i have been in it for 2,5 to 3 years. I got in it just before the bull market started but i did not rush in it unfortunately so I did not make a lot of money out of it. I wish i would have started my research 6 months earlier.

each person have their own journey in crypto market.it is be our lucky if we know about cryptocurrency market.this is give us huge opportunity to earn money, even without using our own money as initial capital.no matter if we were here for 2 or 3 years, this market still have long future and opportunity still provided widely.if we were consistent with our purpose , this market could realized that.patience will be the key all of this.

[samcrypto]

very fortunate if you still have the remaining bitcoin savings, at least be calm with the predictions that are circulating. indeed not everyone believe it because of the current conditions that are less convicing, but i'm sure their doubts will be proven in the next few years

It takes a lot of risk to hold ever since and I admire OP for being a good hodler and believer. Yes, people are in doubt every time they lose money but bitcoin will remain calm and never to  get back from the old days, we are moving upward over time and its good to hold more. Panicking is not good for any investment, if you can't accept the risk of bitcoin then you might miss the best thing in the future, stay for a long time and learn more.

[Ejanend]

Halving equals more scarce.

Halving equals less inflation.... it in no shape or form equals Bitcoin to be more scarce than it already. Scarcity in Bitcoin doesn't always play much of a role because during a bear market there are more sellers than buyers.

When there are more sellers than buyers, it can take a while for the ratio between supply and demand settles to a point where the price stops going down and moves sideways for a while to later start appreciating again.

Bitcoin holders must consider themselves among the luckiest people. There are many people who desire bitcoin and obviously it is not available for same rates as years ago. Even during dips, it remains an expensive asset. But the beauty lies in its form. Being digital, an investor does not need to buy a whole coin at one time. Also, coming years will just raise its value beyond our imaginations.

[maxreish]

We can't blame those people who just laughed at us (bitcoin  believers), for them this is some kind of a joke. Not realizing we are benefiting from these kind of investment. We can predict anytime we want, the point here is that our prediction will gonna happen since cryptocurrency is a volatile thing. If we'll say bitcoin will gonna hit $15k, it will. If not for now, then for the upcoming years.

That's the problem here, people are afraid of new things and will not believe unless they see some proofs. Now, they can witness how bitcoin grow and how it develops well.

[DaftAjax]

~snipe

I don't know where you get that information, but just in May 2017, the price was already $2k and it continued to rise up (up to the bubble). Is your decision investing in Bitcoin with your paycheck is wise? Absolutely not, and I hope you already learned your lesson. Don't make "greediness" as a trait, but keep it as a "perk".

My citation: History of Bitcoin

I think there is a typo. Most likely, not 2017, but earlier.
I can say about myself that I have heard about Bitcoin for a long time, but then I didn't consider it something serious and was afraid to take any wrong step. And also didn't buy it in 2017 during a rapid growth, but began to buy bit by bit in 2018.

Most likely yes. As I've checked the prices in 2017, it's more than $200, even in 2015 ~ 2016--it's already ranging from $300 ~ $800.

I can sympathize with you, that's one of my regrets because I've already known Bitcoin since 2015 IIRC. Because back then it wasn't that "big" of a deal, so I'm still in this mentality of "I have to study, get a degree, and work in a renown company" kind of thing. Which I don't think will work out anymore, as I become older--mature, I realized I don't have to do all that crap. In the end, I kinda wasted my time, but then again I wouldn't be like this if it wasn't for that experience. Anyway, your timing on buying Bitcoin is still "ok", for me (at least), I think 2018 is a good time to buy.

[Cnut237]

That's the problem here, people are afraid of new things and will not believe unless they see some proofs.

Yes, that's important. The more cautious people are, the more they wait until buying in. Obviously if you wait too long, the price is too high.

If you want to make a profit in anything, it is generally important to get in early, when the risks are higher, and a lot more depends on your individual assessment of the potential future, rather than hard evidence. It's a question of judgement and risk-taking, and also of being insightful enough to see what it might become, and to assess the likelihood of that happening.

[error08]

~ My point is that I think if we educate fundamentals which is tough we might win some hearts.

Indeed, people who know the fundamentals advantage of bitcoin technology will fall in love with bitcoin.
It's a currency/asset/commodity based on people's power not backed by any government like fiat currency.
Even for people who just want to store value in bitcoin rather than in fiat currency which always brings inflation.