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Author Topic: I always return to Bitcoin  (Read 375 times)
Ultegra134 (OP)
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February 01, 2021, 11:43:15 PM
Merited by DdmrDdmr (2), arcmetal (2), davis196 (1), maydna (1), xSkylarx (1), saddampbuh (1)
 #1

I learned about Bitcoin at a quite young age, not really understanding why it was for, but liked its concept. I was 13 or 14 years old at max back then, didn't understand much, and didn't actually bother to research any further. I am not sure how much it was worth then, if I am not mistaken, it was valued at $200-300.

The faucet concept was really appealing to me, "Why are people giving out this coin for free?, I thought". Faucets would distribute hundreds, if not thousands of Satoshi for each claim/roll. I managed to earn a decent amount that way, but as I already mentioned, I didn't know much, thus, I didn't see it as an investment or anything close to that.

And how did I spend my Bitcoin? Buying Minecraft accounts, because they were cheaper than buying from the official store. Stupid me, wish I knew better back then. Those accounts turned to be the most expensive ones they could ever be, I really regret spending $5-10 each now. I feel like I spent more than $500 now. At that point, if I remember correctly, started browsing Bitcointalk and created an account, if I spent more time here, lol.

That was my first mistake. The second one was giving up/forgetting about it after a while. I mean, I didn't do much, but if I had continued playing with faucets, now I would definitely have a good sum of money, provided that I kept them in a wallet till now.

Got back a little before the 2017 price pump, started posting here and being active, learned about Altcoin mining, it was popular back then, set up my computer and even bought a second GPU. Was making daily profit, in Bitcoin and was delighted, within a couple of days, I had a full return on the GPU, and managed to acquire a decent amount of BTC. However, I sold some of it later, some before and some when the price skyrocketed, and deposited some to Bitstamp for trading. That's what I deem as my third mistake, should have kept them intact.

Unfortunately, when the price crashed, I lost faith and abandoned it and the forum shortly after. I return just a few months before, regretting being absent for so long, instead of taking advantage of such an opportunity, I got disappointed. I didn't sell though, I had set my coins aside, because deep down, I felt it would recover some day. My mistake was not buying any, since I have easily afforded to do.

Summarizing, I've always returned to Bitcoin, deep down I always knew it would become that successful, I'm trying to learn from my mistakes. Now, I'm trading several times throughout the week, managing a decent profit with each trade. There's no point in regretting what I COULD have done, but only to look forward, and what I can achieve now.

 
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February 02, 2021, 01:53:08 AM
 #2

Why do you even consider yourself a returnee when you did not leave in the first place? Well, you sold some, but also kept some to yourself. That means you're still with Bitcoin. And that's always been the case with almost all of us. I guess nobody ever earned Bitcoin in those old days and kept everything intact since then. At some point in time, they must have sold or spent a Bitcoin or two.

I assume you still have a decent amount of Bitcoin kept safe somewhere. No regrets, then. But if you want to make up for your period of inactivity, then you may begin to stack more Sats right now.

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February 02, 2021, 04:31:34 AM
 #3

You are not alone, bro!

After the 2018 dump, I stopped reading about Bitcoin and moved my focus to my 9-5 job. And now with the whole DOGE hype, I felt obligated to dust off my old wallets. And I find the crypto super fun again!
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February 02, 2021, 09:45:38 AM
 #4

You are not alone, bro!

After the 2018 dump, I stopped reading about Bitcoin and moved my focus to my 9-5 job. And now with the whole DOGE hype, I felt obligated to dust off my old wallets. And I find the crypto super fun again!
Hope that the spark in you becomes a blazing flame that wouldn't die again. This is the first that I have heard of someone that has quit because of the 2018 dump and then came back because of the hype, although I root for you I find your behavior of being a bandwagon seem to be a bad thing that keeps you from growing. Remember what the other users say about trusting in bitcoin, there will be dire times but the good things will soon follow. Don't worry because I find you changing your focus into other things like that 9-5 job that you mentioned a good indicator that you don't give up on life. I did learn about bitcoin when I was younger but I was one of those who are skeptic that do not want to anything that involves money online because back then online scams are at their height in my country so I tried my best to stay away to anything that is related to online transactions.

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February 02, 2021, 10:31:03 AM
 #5

Those several mistakes that we did are our foundation. You're not alone in making those mistakes, every one of us sold at the early time before bull runs. And there's this scene that whenever we sell, the price suddenly goes up.

Forget about the past and those mistakes won't happen again. We've learned from those and we're applying the right strategy based on how we should tackle the current situation of the market.

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February 02, 2021, 10:49:38 AM
 #6

...
Summarizing, I've always returned to Bitcoin, deep down I always knew it would become that successful, I'm trying to learn from my mistakes. Now, I'm trading several times throughout the week, managing a decent profit with each trade. There's no point in regretting what I COULD have done, but only to look forward, and what I can achieve now.
So many have made those same mistakes, me included.  What really matters is to do what you have already done: to have learned from those mistakes.  This is all you need to be successful.  All signs suggest that you will succeed.

As you have said, and to reiterate:   we have no control over the future, we can't change the past, the best we can do is to modulate the present as it happens.

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February 02, 2021, 12:28:00 PM
 #7

You are not alone, bro!

After the 2018 dump, I stopped reading about Bitcoin and moved my focus to my 9-5 job. And now with the whole DOGE hype, I felt obligated to dust off my old wallets. And I find the crypto super fun again!

same phase as I did, almost 2 years I was not active in cryptocurrency. because I spent 5 bitcoins in 2017. and early 2020 I started over with good wishes. we have the spirit up and down. That's the cycle, at this point we understand that there is something we left behind that is very valuable. seeing the growth of bitcoin excites us to this day.
I hope that in the future we will find even greater success.

.
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February 02, 2021, 03:57:16 PM
Merited by Symmetrick (1)
 #8

I think the majority of crypto enthusiasts lost some interest in crypto in 2018 because of the market dump. I was on this team as well Grin I had heard about Bitcoin when I was young and there were a lot of different rumors but I started to reading properly about Bitcoin and other cryptocurrencies at the end of 2017.
Back at that time, I remember I liked LiteCoin among other altcoins because of the low-cost fees of transactions in the network and I invested some of my savings in this asset as well. I had my coins in EXMO and decided to keep holding because I hadn't much knowledge about trading.
Unfortunately, I had scared a bit when the prices fell down so I cashed out but I saved a quarter of my coins and got back to Bitcoin at the start of this year. Sure, I regret my nervousness and panic but it's ok, eventually it's a great experience for me.
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February 02, 2021, 04:30:08 PM
 #9

Way back 2018 I also gave myself a break from crypto especially Bitcoin because that time because that time I have nothing left but shitcoins on my wallet and the market crashed that is why I looked for a day job and fortunately got it and lost it again when pandemic arrives and here I am again in crypto. I think we have the same experience but I do not consider it as "failure" it was just a lesson learned for me. You are not alone.

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February 02, 2021, 04:42:26 PM
 #10

Honestly I Never left but I do agree on the faucets point though this is something that everyone experienced sooner or later , back in the early days I was online all day and would collect Satoshi through faucets etc.. then when I would have like some good amount I would spend them on this gambling site 🤣 with no winning strategy ! nothing I would just spend my coins like that and at the end of the day I was left with nothing 😅. After that I saved up all my savings and there was a campaign managed by Lauda if I remember correctly it went on for 1 year or so and I didn't use even a single coins from there. The amount of btc I had back then before the first high price was 0.1 btc but it's unfortunate that I had to sell all of them back in 2019 when the price was very very less. But I do not have any problems because it helped my family. Then I again purchased bitcoins right now but this time used them for interday trading and got like 100$ from them. Now I really want to save the government from India wants to ban Bitcoins therefore I would have to make new local wallets where am living therefore for the while would keep the money safe , this is weird man does the government fails to see all these ups and downs ?
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February 02, 2021, 04:48:02 PM
 #11

You really came into the space  at a very tender  age, bitcoin would always be the major cryptocurrency  with all the uniqueness. Mistakes are bound to happen, but with experience  we  can always bounce  back. Some of us came into this space not long ago, despite the numerous  altcoins  around,bitcoin has largely remained the reference  coin at any point in time.  

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February 02, 2021, 05:13:57 PM
 #12

I learned about Bitcoin at a quite young age, not really understanding why it was for, but liked its concept. I was 13 or 14 years old at max back then, didn't understand much, and didn't actually bother to research any further. I am not sure how much it was worth then, if I am not mistaken, it was valued at $200-300.

The faucet concept was really appealing to me, "Why are people giving out this coin for free?, I thought". Faucets would distribute hundreds, if not thousands of Satoshi for each claim/roll. I managed to earn a decent amount that way, but as I already mentioned, I didn't know much, thus, I didn't see it as an investment or anything close to that.

And how did I spend my Bitcoin? Buying Minecraft accounts, because they were cheaper than buying from the official store. Stupid me, wish I knew better back then. Those accounts turned to be the most expensive ones they could ever be, I really regret spending $5-10 each now. I feel like I spent more than $500 now. At that point, if I remember correctly, started browsing Bitcointalk and created an account, if I spent more time here, lol.

That was my first mistake. The second one was giving up/forgetting about it after a while. I mean, I didn't do much, but if I had continued playing with faucets, now I would definitely have a good sum of money, provided that I kept them in a wallet till now.

Got back a little before the 2017 price pump, started posting here and being active, learned about Altcoin mining, it was popular back then, set up my computer and even bought a second GPU. Was making daily profit, in Bitcoin and was delighted, within a couple of days, I had a full return on the GPU, and managed to acquire a decent amount of BTC. However, I sold some of it later, some before and some when the price skyrocketed, and deposited some to Bitstamp for trading. That's what I deem as my third mistake, should have kept them intact.

Unfortunately, when the price crashed, I lost faith and abandoned it and the forum shortly after. I return just a few months before, regretting being absent for so long, instead of taking advantage of such an opportunity, I got disappointed. I didn't sell though, I had set my coins aside, because deep down, I felt it would recover some day. My mistake was not buying any, since I have easily afforded to do.

Summarizing, I've always returned to Bitcoin, deep down I always knew it would become that successful, I'm trying to learn from my mistakes. Now, I'm trading several times throughout the week, managing a decent profit with each trade. There's no point in regretting what I COULD have done, but only to look forward, and what I can achieve now.

What a great experience that deserves deep reflective thinking. But, the way to have a better future is to maximize the present.

Who knows, I would've done the same thing if I were you. But, you know profit will always be made in btc because the causality for price rise is no longer the halving which happen every 4 years but it's now institutional investors who buy frequently.

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February 02, 2021, 05:26:28 PM
 #13

Good to know that the Op knows bitcoin really early and that's when the faucet era was started where they can earn bitcoin or satoshi for free and it is unlimited where they can just claim it for free. If I were there that time maybe I will just do it more times in order to get free satoshis. Even though you abandon bitcoin or cryptocurrency you are still going back where you brlong and where you started, that's the spirit bro just go back whenever you like.

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Oceat
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February 02, 2021, 06:27:35 PM
 #14

What a great realization you had, OP.

It's true that we need to fail in order to succeed and your experience with Bitcoin in the past serves you right since you can't do anything good about it if you don't know what you are doing plus at a young age like that, I know how it feels when you are enjoying yourself playing videogames. Wished you could have someone to guide you during the early stages of adopting Bitcoin but only those who understands about can make a fortune in the future.

Although, you said you did leave Bitcoin after it went down but to be exact, you aren't leaving it yet since you did not forget about your experiences and you did gained it from a mere faucet before. But, look at you now, you are slowly trying to keep in track again because you knew that Bitcoin has a future.

3996
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February 02, 2021, 09:37:39 PM
 #15

My story has many similarities with yours OP.

At first I thought that altcoins are a better choice because Bitcoin is expensive, so I was buying cheap coins which was a mistake because most of them gained much less than Bitcoin over time and some lost a lot in the bear market of 2018.

When I finally had some bitcoins I made a bad choice of selling a bit each year at levels that I thought to be high. Looking at that now they weren't high enough. Wink

We learn while being her. Worst thing you can do is give up and leave.
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February 02, 2021, 09:54:01 PM
 #16

I think that's a story of almost everyone who knows bitcoin during the value is not yet too high like in 2018 or much earlier. But what the good point of this story is that, you always stand up and keep walking, what I mean is, you always try to invest in bitcoin despite of your mistakes. Honestly, we can learn better through our own mistakes and experiences.

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February 02, 2021, 10:12:54 PM
 #17

Summarizing, I've always returned to Bitcoin, deep down I always knew it would become that successful, I'm trying to learn from my mistakes. Now, I'm trading several times throughout the week, managing a decent profit with each trade. There's no point in regretting what I COULD have done, but only to look forward, and what I can achieve now.


Hey, if you keep coming back to bitcoin, then i have a couple of stories (if you don't already know them) to confirm your point of view. I wish you all the best.

The Bitcoin Story… mh, maybe
https://bitcointalk.org/index.php?topic=5310010.msg56113346#msg56113346

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Yatsan
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February 02, 2021, 10:21:17 PM
 #18

No matter what happen, a real individual who understands the importance and the concept of Bitcoin will be parted apart but can still make his way finding his way back to Bitcoin again. Well there are lots stories coming from other people who have the same story just like you who happens to be parted their ways from Bitcoin because they become easy into other stuffs that concern them and now are making their return into Bitcoin claiming they were the old ones who happened to be the pioneering batch that have the cheapest price of Bitcoin purchased. The point is that as long as you know Bitcoin is always there and will be there, you will still find yourself returning to Bitcoin because you know its importance not just on the benefits it can give but also with the concept it have.

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TimeTeller
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February 02, 2021, 10:34:15 PM
 #19

No matter what happen, a real individual who understands the importance and the concept of Bitcoin will be parted apart but can still make his way finding his way back to Bitcoin again. Well there are lots stories coming from other people who have the same story just like you who happens to be parted their ways from Bitcoin because they become easy into other stuffs that concern them and now are making their return into Bitcoin claiming they were the old ones who happened to be the pioneering batch that have the cheapest price of Bitcoin purchased. The point is that as long as you know Bitcoin is always there and will be there, you will still find yourself returning to Bitcoin because you know its importance not just on the benefits it can give but also with the concept it have.

There are a lot of stories like what he experienced and I guess, in some ways, we have the same story to tell to.
This is how we realized that bitcoin has a lot to offer to the community.
Though people are exposed to other alts or tokens out there, bitcoin remains its top spot.
Many have attempted to "kill" bitcoin or created more advanced features, and yet, bitcoin still hold its position.
We can surmise then that, no matter what, bitcoin will always be the reference point in crypto community.
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February 02, 2021, 10:50:04 PM
 #20

you returned to bitcoin and bitcointalk . your not alone but legends on bitcointalk once leaved to foccus on the outside world but they did also returned after a long years .
bitcoin and bitcointalk was like our parents because we as a kid we want to get wild and explore life but after we fail and knew that we are wrong we eventually go back to our home and to our parents .
other scenario is when we leave btc to invest in altcoins and if we got scammed we will return to btc .
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