If bitcoin price had not crashed in 2018

[Pictureme]

The Bitcoin boom that took place in 2017 which lasted to early 2018, if it Market has not crashed then, indeed  Bitcoin would have made lots of young millionaires than what we have today.

The beneficiaries of this current boom are mostly the rich!

Am using myself and that of my friends as a case of study.
In year 2015 we were schooling then, and there was no money for us to invest, we wanted to invest in bitcoin for future purpose, we saw the potentials of bitcoin and what it outcome will be in years to come, I remembered selling my TV and some other household items, and my friend also selling his musical instruments to invest in bitcoin. We were happy doing this because we believe in the future.

In 2017 during the first bullrun, we couldn't sell any of our assets because we were still schooling, the primary purpose of our investment was to have something to live on after our education, but fortunately the market crashed before we could graduate.

And after our graduation from school we couldn't help it, we needed to start a new life, hence selling our assets were the only option.

It hurts these days seeing the price of Bitcoin going higher and higher.....
Sometimes I just look out for what to put the blame on, If I should put it on the government, because if there was job available after our education we wouldn't have sold our assets, or if I should put the blame on heritage. of course if we had come from a wealthy background, we would have be rich and there won't have been any need for selling our assets, rather we would have bought more.

Something it looks frustrating, and I know am not the only one that has had this experience.

I will like appreciate if you can share your experience so far here with us.!

[1714468097]

1714468097

[BIT-BENDER]

My experience about Bitcoin started not too long ago, not 2017 though and I don't regret it, but if you don't don't not all that knew about Bitcoin in 2017 or 2016 are millionaire today, and not all that bought after Bitcoin dropped by 2018 And 2019 would be a millionaire today, and still they shouldn't have any regrets, but my experience so far has been an exciting one, Bitcoin has made my knowledge about what I never knew gone greater, and I can't fail to say I have had financial knowledge and greatness.

[Badmanthought]

This is common, early Crypto adaptors are all not millionaire, for you to be successful in your investment , you also need to have something doing while your investment is growing, but in your case I see that it's different.

Well in all these, i see there is something to learn from you story, i.e, don't always depend on your investment, see it as an option have other backups plans in place as well.

Up took your bitcoin investment as your only option that was why you were fast to sell immediately after your schooling

[Sirait]

This is common, early Crypto adaptors are all not millionaire, for you to be successful in your investment , you also need to have something doing while your investment is growing, but in your case I see that it's different.

Well in all these, i see there is something to learn from you story, i.e, don't always depend on your investment, see it as an option have other backups plans in place as well.
~snip

^ depending on investment solely is not a good thing, What will happen in your day-to-day if your investment doesn't go according to plan. Your advice is true that as an investor, you should be able to see opportunities from other things so you don't waste time. smart people usually will not depend on a single income.

[Tytanowy Janusz]

Sometimes I just look out for what to put the blame on, If I should put it on the government, because if there was job available after our education we wouldn't have sold our assets, or if I should put the blame on heritage. of course if we had come from a wealthy background, we would have be rich and there won't have been any need for selling our assets, rather we would have bought more.

Sorry to say that but the only person that you could put a blame on is you. You did not put 100% into your education (for better job opportunities), you did not work during your education (a lot of people do that), you did not put extra effort to find additional income in crypto space (I quit my job to focus 100% on crypto and I started my jurney here in DEC 2017 not in 2015. If I was in your possition - with crypto since 2015- i would already be a milionair ... even without a single dolar initial investment). For instance there were 10k$ bounties, 1k$ airdrops one after another in 2016-2017, translations, community supports ... damn there was tone of money to earn since 2015 in here, 10 times more than from 2018. And no one becomes a milionair for doing 30% of trying and 70% of party.

[Wysi]

It has been similar experience for most of us because many of us invested into Bitcoin during 2017 assuming it to reach much higher figure without even a doubt of market crash and few of us invested during 2015 and 2016 who understood the potential of Bitcoin but unfortunately very few could hodl on to bitcoin during the bearish market especially those with a sound financial background as others were forced to sell  bitcoin during bear market for the sake of survival. I think we couldn't blame anyone in this situation as it's a lesson learnt in hard way to make sure we don't repeat this.

[blockman]

I guess you have the wrong mindset. I'm not rich but I benefited from this boom. And if you've probably sold during the bears, it's your fault for not selling when it was ATH in 2017. Picking which or who to blame with the misfortune you've experienced will determine your future. Instead of looking at which or who to blame with your situation before or even until now, you should create a solution or find the solution if you can. I've become a jobless person too but I didn't put the blame on anybody but on myself.

[BIN-BIN]

My own experience was a little bit different from yours mine was an altcoin I invested in and due to the over hype of the project I refused to sell and convert into bitcoin and the time the market was crashing I couldn't hold it to to sell off at lose. Some time I look at my wallet and calculate how much I could have made had I left the little bitcoin till now. It could have mean a lot by now.

[8coin8]

The 2018 Bitcoin price deal is an opportunity for those who see the trend in future demand, the importance of blockchain technology that will change the world. At the time, there was not much interest in institutional investors. I think when it comes down to a lot, big investors will keep buying bitcoins.

[maculeth]

if bitcoin had not crashed last year, it might not have happened this time. some of my reasons were, if bitcoin had remained stable at that time at $ 25k, there was no way any new investors would buy or hoard the already high initial price. maybe just a retail investor with a few numbers and will change the price slightly incrementally.

[OgNasty]

It can’t go straight up forever. Corrections are healthy for the market and Bitcoin has also shown to have a pretty reliable 4 year cycle as a result of the scheduled block reward halvings.

[OcTradism]

It can’t go straight up forever. Corrections are healthy for the market and Bitcoin has also shown to have a pretty reliable 4 year cycle as a result of the scheduled block reward halvings.

The scheduled block halving years are more interesting as they overlap with Presidential Election years. Political and social economic status affects financial and crypto markets.

I don't know that satoshi did thought of the things when he decided to mine the Genesis block in 2009 and coded the 4 year halving scheduleds for bitcoin. If satoshi did planned all the things, he is a genius and very well planned for all his bitcoin works. Satoshi is a game changer.

[Gotumoot]

The Bitcoin boom that took place in 2017 which lasted to early 2018, if it Market has not crashed then, indeed  Bitcoin would have made lots of young millionaires than what we have today.

The beneficiaries of this current boom are mostly the rich!

Am using myself and that of my friends as a case of study.
In year 2015 we were schooling then, and there was no money for us to invest, we wanted to invest in bitcoin for future purpose, we saw the potentials of bitcoin and what it outcome will be in years to come, I remembered selling my TV and some other household items, and my friend also selling his musical instruments to invest in bitcoin. We were happy doing this because we believe in the future.

In 2017 during the first bullrun, we couldn't sell any of our assets because we were still schooling, the primary purpose of our investment was to have something to live on after our education, but fortunately the market crashed before we could graduate.

And after our graduation from school we couldn't help it, we needed to start a new life, hence selling our assets were the only option.

It hurts these days seeing the price of Bitcoin going higher and higher.....
Sometimes I just look out for what to put the blame on, If I should put it on the government, because if there was job available after our education we wouldn't have sold our assets, or if I should put the blame on heritage. of course if we had come from a wealthy background, we would have be rich and there won't have been any need for selling our assets, rather we would have bought more.

Something it looks frustrating, and I know am not the only one that has had this experience.

I will like appreciate if you can share your experience so far here with us.!

If the Bitcoin price had not crash in 2018 for sure the price would be way too high right now and there would be new wealthy people because of crypto.
Maybe even young people who have been around before it hits the ATH of 2017 and those who have been doing bounties before it become so polluted with scam projects.

[Wexnident]

Well, I'd just suggest that it was not really your luck, no matter how many what-if situations one can think of, it doesn't change the fact that it would never happen if it's already way back in the past. Besides, blaming the crash for you missing the opportunity seems like an odd move, yes I understand your pain tbh, I myself felt it since I sold early for this bull run, but doesn't change the fact that we ourselves were the ones who failed to take advantage of the situation at hand.

Plus, history pretty much showed a constant growth every 4-year cycle, it isn't a guarantee yes, but hey, it's a metric you can take into account when you want to invest again.

[seramania]

it looks like you in 2017 have to ask anyone who is an adult to be able to sell your bitcoin. because if the regulations in your country require that school children cannot sell bitcoin, why don't you ask your parents for help? You can make this as an experience and now I think you are an adult you can manage bitcoin yourself. Good luck

[GreatArkansas]

Can you share with us the price level at which you sold your Bitcoin?
I admire your dedication to Bitcoin, at first, your target is really for investment, Bitcoin as an investment so for sure around the year 2015, you really bought an extremely cheap Bitcoin back then.
Your regrets for selling your Bitcoin too early are very common for Bitcoin hodlers, even for those people who regret only a few percentages of profits. It has also happened to some people.
You already learned your lesson for sure.

Don't be sad! Taking profits is never a bad idea, and for sure you used those profits in good, you enjoyed the run.

You are not alone.

[OcTradism]

Crash is bad as it causes bubble burst and fear for new investors. I would like to see healthy corrections or pull backs, not crashes but it is the market that does not owe any of us, and it operates with its laws.

If you see parabolic rises of bitcoin in 2017, the crash is not a surprise but bitcoin is redefine the overbought definition. The overbought of bitcoin is far from any other market that last longer and can even trigger Overbought expansion before crash happens. If you look at crash in a few months, one year, it is terrible but with 4 years, it is fine.

I see the crash of bitcoin is good for the market in 4 year run and it is better than altcoin crashes. Altcoin rose a lot in 2017 and very early of 2018 and many of them killed their investors in 2018 and 2019.

[CryptopreneurBrainboss]

Heal yourself buddy, don't beat yourself up. Stop looking for who to put the blame on and accept the fact your were just unlucky. While the crash didn't benefit you, it did to others and without that crash many beneficiary we have today won't have been made because either the price would have been too high for them to buy or they'll be having second thoughts due to the fud that would have been spreading round. The crash gave bitcoin some breathing space and offer room for more investors.

You weren't prepared for the crash and that's where your mistaken began from. I don't have a clue which region you're from but after graduating you could have gone looking for a job then cashing out your investment. What exactly did you use the funds for, was it for starting a personal business. If the answers s no and you just cashed out to eat then you have yourself to blame. Remember that you invested for the future, this should have kept you going and look for alternative to get daily bread but I guess you lost hope in bitcoin that's why you cashed out.

Well what has happened has happened. Just wait for other opportunities and grab them without second thoughts.

[pooya87]

Price had to come down from that 2017 ATH because it was a bubble aka an unrealistic price that had to pop. Bitcoin's potential has always been in the long run not short term with the bubbles.

remembered selling my TV ~ to invest in bitcoin.
In 2017 during the first bullrun, we couldn't sell any of our assets

By "assets" you mean sell your bitcoins? That sounds strange because you claim you have bought bitcoin but weren't able to sell it!

You are also missing the whole point of bitcoin, it was never about making money by investing in it. Bitcoin's purpose is to serve as a censorship resistance currency not a get rich quick scheme.

[davis196]

Every price boom,which happens in a financial market benefits mostly the rich.
There's no point complaining about that.
This is like whining why the winter is cold.Life isn't fair,you just have to admit that fact and work harder.
Regretting about why you sold X amount of Bitcoins at a X price back in the day is pointless.
I also regret about selling my BTC in the past 5 years,but I had expenses and bills to pay and I had no other choice.
I don't understand why doing to school had stopped you from selling your Bitcoins at a ATH back in 2017?