My feelings after 11 years with crypto.

[Brandon]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

[1715351863]

1715351863

[Lorence.xD]

Nah, dude you aren't the biggest crypto loser there is if there is really one because there's Laszlo to compare to you, he got the pizza but the prize was too big to pay with 10k, although there is no regret to him because he knows that he didn't expect that the prices will go this high. I hope that you will find some way to restore hope in you.

[cryptomaniac_xxx]

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

You are not alone here, there are numerous stories around also regretting their chance of being a millionaire, but you can't go back and turn back the time, we should all move forward in our lives and you don't need to be depressed or something.

Quest for lost hard drive with £4m stored bitcoins

You can definitely get it and slowly stack sats, I know it's going to be hard, but everyone is doing that as well, specially average joes, like the majority of us.

[btc78]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Nice story Mate and best that you shared here but of course 11 years passed and this is only regrettable Part of your life and also those who had same experience as yours but w must remember that Life still needs to flow and your mistake in past can be the best tomorrow .
just try it again , crypto is a growing market and 10 years from now? you will only laugh on what you posted today..

[Darker45]

You cannot live in the past. And you cannot just live each day envious of others. If I were you, I'd look for a job, trim down on expenses, and start stacking Sats. Bitcoin is only 12 years old and it has a vast room for growth in terms of adoption and price appreciation. You came early years ago but you are not yet late getting back in today. Bitcoin is still undervalued at $57,000.

[cabron]

You got your wife's life. You have used the money you have to save your wife from the disease so it's fine. If you lost your BTC for nothing or gambling, that would be something else so it's fine. By the way, there are more coins today that you still can invest in. Don't wait for them to go high,

Nah, dude you aren't the biggest crypto loser there is if there is really one because there's Laszlo to compare to you, he got the pizza but the prize was too big to pay with 10k, although there is no regret to him because he knows that he didn't expect that the prices will go this high. I hope that you will find some way to restore hope in you.

Laszlo still has a lot of BTC, I don't think he is the biggest loser. His transaction actually made it a very historical act in BTC that every year there is BTC pizza day to celebrate it.  There are users who had lost it all like the ones who lost his hard drive to which thousands of BTC were there inside because that drive was used to store the mined BTC.

[Chato1977]

Sorry about your Losses Mate , Hope you will still able to stand and continue trusting crypto even though you had tons of bad experiences .

Wishing you to make a best decision either Mining or trading , but what matters most is don't lose hope and continue the struggle.

We all experienced that but we need to stay focus.

[Lorence.xD]

~

Laszlo still has a lot of BTC, I don't think he is the biggest loser. His transaction actually made it a very historical act in BTC that every year there is BTC pizza day to celebrate it.  There are users who had lost it all like the ones who lost his hard drive to which thousands of BTC were there inside because that drive was used to store the mined BTC.

I am not trying to say that Laszlo was the biggest crypto loser but in the context of the thread,I am saying that Laszlo lost more bitcoin than OP. Those people with the lost drives weren't the biggest loser since they contributed to the growth of the market with their lost coins.

[leea-1334]

In 2015 you only had 15 BTC after mining for the last five years? So you only had less than $7000 worth of BTC and $20k GPU?

Sorry my friend OP but you are not a person who started in 2010.

I am not trying to say that Laszlo was the biggest crypto loser but in the context of the thread,I am saying that Laszlo lost more bitcoin than OP. Those people with the lost drives weren't the biggest loser since they contributed to the growth of the market with their lost coins.

But he is not a loser in either context. He did not lose more BTC. If he never did what he did,,, maybe BTC is worth nothing now.

How can people who actually lost BTC do more contributions hat people who actually USE BTC?

[Mpamaegbu]

...everything going perfect but bitcoin price was really low and unstable.

If what the OP posted here is a true life story to them, it's really a pathetic one. It's a sad feeling knowing one has lost out on a great opportunity as a pioneer in a field of business/work. That's the case with the OP. However, people really don't learn. The way the OP saw the abysmally low price of Bitcoin in 2010 and a few years after but failed to keep Bitcoin he made is the same way a lot of us now see some abysmally low price alts and neglect them. If anything, the Dogecoin journey should be teaching us all a great lesson. But we don't truly want to learn, in the practical sense of it. We should form a habit of keeping certain alts, and not just Bitcoin alone. This is a bull year and the alts will expectedly flourish.

[Poker Player]

In 2015 you only had 15 BTC after mining for the last five years? So you only had less than $7000 worth of BTC and $20k GPU?

Sorry my friend OP but you are not a person who started in 2010.

The OP's story sounds a bit strange to me too, and I have a habit of not believing everything I believe in the forums, but it could be, since he said he lost Bitcoins in scam-exchanges, and, in addition, I suppose he must have also sold Bitcoins to pay expenses while he was mining.

We will have to see in later posts if we can believe it is the same person or is it an account that was sold.

[cabron]

In 2015 you only had 15 BTC after mining for the last five years? So you only had less than $7000 worth of BTC and $20k GPU?

Sorry my friend OP but you are not a person who started in 2010.

The OP's story sounds a bit strange to me too, and I have a habit of not believing everything I believe in the forums, but it could be, since he said he lost Bitcoins in scam-exchanges, and, in addition, I suppose he must have also sold Bitcoins to pay expenses while he was mining.

We will have to see in later posts if we can believe it is the same person or is it an account that was sold.

Its his story though, we couldn't find out whether it's true or not but his account so far is pretty old. He has too few posts here in the forum.
He is registered 2010. He seems fond of gambling because he replied to gambling threads so there is a chance of him that like the rest of us, he could have gambled too. And he is also knowledgeable in Unix system which is quite the characteristics of first miners of BTC.

Anyway, BTC spent for the good of wife isn't a lost BTC.

[Kakmakr]

If you have made loans or if you took credit from your credit card to buy bitcoins, you might have been worst off... than where you are now. You have to remember that loans and credit has to be paid off and you would have had to do that for several years.

Some people did that in 2017, with the ATH of $18 000 and the price plummeted to $3000 and only recovered 3 years after that. So for that period ... they were stuck in debt... thinking they would make huge profits.  

Do not live in a world of "IF" and "BUT" ..... decisions was made and risk was taken and it did not work out for you. Sell those GPU's to gamers, because GPU's are expensive now and very scarce. (Take some of the money and invest it in some Alt coin with potential and take a break from Crypto currencies... until they go to the Moon)  

[TastyChillySauce00]

No point in regretting, crypto market still offer the same opportunity anyway if you maybe keeping an eye to the market, even bitcoin still could go up to $100k there's no stopping people from making profit again and again through bitcoin though it's still kinda uncertain in many people's opinion.
Regardless whether your story is true or not we're still kinda at early phase of blockchain adoption if you're an IT person maybe you could make money from this once in a lifetime chance whether by working and being an blockchain developer, etc maybe wouldn't have as much ROI to those early investors but still worth to try.   

[finaleshot2016]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

There are still a lot of opportunities for crypto, and bitcoin isn't the only one that can make you rich this time. There are a lot of potential coins out there that will soon overtake Bitcoin's price. Those mistakes can serve as a lesson on how to use crypto to improve your life. Also, you're not the only one who made poor decisions, and I hope you now fully comprehend the gravity of your situation. Make yourself happy; money or crypto is not true happiness; be grateful that your wife is still with you; you still have plenty of chances and opportunities to start over and grind. Invest in some low-cost coins right now and wait years for them to transform into millions of money. You aren't the biggest crypto loser, you still have chances to make yourself rich, just start to exert effort now.

[mk4]

It's easier said than done, but there's really no point crying over spilled milk. Put in a really bad situation? Being sad about it isn't going to get you away from it and move forward in life. Instead, you just suck it all up and continue growing(in every aspect).

In the first place, if you think you missed getting "really rich", then guess what: you're going to have the same regrets in a few years if you don't get your ass back up right now and start stacking sats.

[irsykes]

`snip

Life is not working like that. You can regret if you already know how exact what will happen to bitcoin but doing that thing like you mention. Because you are made a mistake and know it. But if you actually don't know what will happen in future, just take it and don't need to regret. There are a lot of people who hold so many bitcoins and maybe they already sold it in cheap price in past. Because they too, don't expect bitcoin will be like this price. Like me who already happy when see bitcoin although only $600-$700 because i started when bitcoin dumped in 2015 like $170 or somewhat.

[virtualdn]

I wish someone told me about BTC in 2010. I only found out about it myself in 2013. I've also made mistakes along the road, I remember Reddcoin (possibly) increasing like 10x times what a lost opportunity to have more BTCs, then Dogecoin reaching today's values while I sold most Dogecoin in 2017, this is life, we have to move on, we're not perfect!

[davis196]

I'm really sorry about your misfortune with cryptocurrency mining.
I guess that your biggest mistake was quitting your job.Having a cryptocurrency business should be a side hustle,until it gets big enough to generate a sufficient income.Not having a job and investing everything in one business is a huge risk.That's why most small businesses fail in their first 3 years of existence.
The crypto world was really unstable and filled with crypto exchange scams back in 2010-2018.
I hope that you are going well and you will get out of this depression.

[Hasan905]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

You are not the only person facing this situation now. You won't believe i sold dozons of eth in the rate of 90-120$ and now where it is now. I earned more than 45 eth when eth was playing around 100-180/200$. I sold all of them because the market was unstable.  Also there have so many people like us here who could not hold their fortune when it was by their side.

[jesselui]

Mate. Whoever was in your place would have the same feelings. You did what you had to do that day. You needed money and your wife was sick. You made the right decision. Bitcoin's price could go down. You wouldn't know that. Do not upset yourself, do not regret your decisions.

[xSkylarx]

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Nothing will happen if you just keep thinking about the past and regret it. All of us experienced different failures with our journey in this crypto space, we can't go back to the past so all we can do is move on and start again if we still want to pursue what we want.. I've experienced depression too when I was crypto gambling and tried futures trading recently, I got greedy on them that all my profit and capital was gone in just few minutes. Now I started trading again learning from those mistakes.

[lovesmayfamilis]

Buddy, you are not alone in your mistakes. If you read the stories of members of the forum, then everyone had their disappointments. We are not gods and cannot foresee the future. I also lost the opportunity to become rich. But living in constant depression is unbearable. The past cannot be returned and corrected, constant apathy and whining about missed opportunities, cripple ourselves even more.
Just imagine that now there are opportunities, at least somehow to correct mistakes, so that again in the future you will not regret the past.
Try to live in the here and now.

[Alucard1]

Don't worry, don't just blame yourself for the big mistake you have done because you are not the only one, there are also a lot of stories related to this thing, we don't know that bitcoin will be too strong as of its current situation, no one knows that bitcoin will reach $58k, this is not too late for you mate, there is still a lot fo mining site wherein you can earn money and invest it in bitcoin. Just go back to the start with good knowledge, you still have a good advantage compared to other bitcoiners.

[maxreish]

Remember that those challenges and experienced taught you to become a better "you" today. Past is past, your decisions before can not get back and change. If you arent rich be ause of your past decisions, then it is not your time now to become victorious.

Move forward, buddy. There are many great new doors for you to become successful. If mining aren't your forte, choose other fields that will help you to gain more.

[Brandon]

Wow, guys you are really awesome  !
I checked every replay and you make me feel better.
Community in crypto world always was so helpful but saying that someone lost/sell much more than me didnt really help.
Just like i said in first post, i still have feeling that i missed life chance. Now i will only dream about getting rich.
I should keep going with my heart but this time family was more important.
Thank's again for every reply but i think best way is forget about it and never comeback to this lovely world.

[koosa]

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[Newlifebtc]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Well no one has the best or the saddest story of the bitcoin experience, we all have our ups and down about bitcoin and crypto but the way around it is Patience, because most times when the price start dropping you will be tempted to want to sell them all,but if you can resist that feeling and wait a little longer you will see the price rise up again

[izanagi narukami]

Every people have their own regret.
I can tell for sure that everyone here ever had many regret especially for crypto things.

But one thing for sure , it's already past , you should not look on the back instead you need to look present and the future

[Oasisman]

Regrets are inevitable especially when you're one of the early adopters who happened to be mining the first few fresh Bitcoin in 2010. I've gone over your post history and I felt empathetic towards your regrets. Don't blame yourself too much as you needed the money for your necessities from the past. So, its time to move on and think of another way to catch up and make good profit in crypto space today.

Cheer up!

[Similificator]

Dude, I understand your frustrations but I think you actually lost sight of what is truly important, which is family. No amount of $$ or Bitcoin or whatever can come close to the value of a wife, a mother to your children. You lost money and crypto, so what? You haven't lost your hands and limbs, your mind and body are still very much capable. Hussle more. What's important is that your children still has their mother and you still have a wife that will support you in your journey. Please do not take for granted the fact that you still have a complete family because some would guve everything just to have what you have. I hope this words wake you up and lift your spirit. Don't stress so much about something you have no power to change. Instead, focus on today and what's to come because you do not only carry yourself alone, you also carry your family in the success and misfortunes. Be strong for them.

[Wexnident]

Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.

Don't mean to be rude or anything, but the Bitcoin price was low, you got scammed a couple of times, and yet you started investing ALL your savings in Bitcoin?? and in only 2,3 weeks everything got fucked? That's the perfect example of something not being properly planned, AT ALL. You had 5 years to experience how the early crypto scene was full of scammers and uncertainties, and yet for some reason, you still invested everything. And if you honestly saw something in Bitcoin that made you invest it all, should've stayed or at least left a bit so you can still use it to earn money (since either way, you'd still be under whether you sold all or sold some).

Still a pity though. Cheer up, at least you now know that giving it up wasn't that worth it, not too late. Not to mention the lesson of investing everything is a bad idea.

[raidarksword]

Well, there are many heartbreaking stories here that can also relate on your situation right now my friend but it doesn't mean we have stop now. We may have these kind of hardship but life's goes on and continue to gamble again until we reach our desired point of success in the crypto industry.

[adzino]

You better move on. Nothing to regret or feel blue. You had to sell it back then because you needed money. You did the right thing. Or else you probably would have lost your wife. Good thing you didn't borrow money from someone. You probably wouldn't be able to repay the person in time. Or loan interests might have made your life miserable.

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...
I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

It's not still too late. You still have your chance. Invest as much as you can. Invest what you can afford. Keep holding long term and I am sure you will make really good profit!

[Shasha80]

Well, there are many heartbreaking stories here that can also relate on your situation right now my friend but it doesn't mean we have stop now. We may have these kind of hardship but life's goes on and continue to gamble again until we reach our desired point of success in the crypto industry.

We don't need to stop because we made a mistake selling our Bitcoin when the price was still low. Because I believe there are so many members
in this forum who make mistakes like opening post, even I also make the same mistake. So there's no need to be sad, that's the incident 5 years ago,
it's better if the opening post starts over from scratch. Because starting investing from now on there is still a chance for us to get rich, because
in the future the price of Bitcoin will be very expensive.

[carlisle1]

Remember that those challenges and experienced taught you to become a better "you" today. Past is past, your decisions before can not get back and change.

Regret won't help you anyway, better to face your future than dwelling with your past! It will help positively if you analyze what are those wrong that

you've did and make sure to learn not to do the same.

If you aren't rich because of your past decisions, then it is not your time now to become victorious.

Accept it, if isn't for you then so be it! move forward and keep trying your best, maybe time will come and you'll achieve the desire that you want.

Move forward, buddy. There are many great new doors for you to become successful. If mining aren't your forte, choose other fields that will help you to gain more.

Try to explore and never to lose hope, there's always a good future to those who really keen in finding the right patterns in life, have a safe journey!

[pinggoki]

Mate. Whoever was in your place would have the same feelings. You did what you had to do that day. You needed money and your wife was sick. You made the right decision. Bitcoin's price could go down. You wouldn't know that. Do not upset yourself, do not regret your decisions.

All of us here has the regrets just for example selling our own assets because we already has the profit that we want and another thing is just like you, you've sell your mining rigs because you don't have any money way back before and you really need the money in order for you to save your wife that is sick. Don't regret those doings because always remember that you've done that before just because you want to save a life and a life cannot buy anything. Always remember that mate.

[Mr.sprin]

everyone has a past, make the past experience and the future will be brighter now when we correct past mistakes, if in the past we did not achieve wealth, now is the time for us to achieve wealth, I am sure it will come true.

[ice098]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I feel sorry about what happen to you mate but know that you are not the one who experience loses. Everyone has there own regrets in their journey here in crypto.
I am a crypto user for four years and I do encounter losses too.
I may have a more than a 1BTC that time but I have used a half of that in my whole life here in cryptocurrency and lost the half.
I know this is only a small loses comoare as yours but I just want to remind you that smaller of bigger loses is also a loses and there is an infinite chance to earn that amount who have lost to you.

[Lucius]

In 2015 you only had 15 BTC after mining for the last five years? So you only had less than $7000 worth of BTC and $20k GPU?
Sorry my friend OP but you are not a person who started in 2010.

You ask a good question, because it really seems that someone who has been a miner for 5 years should mine a lot more than just 15 BTC, but the OP still says that he had losses on several occasions on scam crypto exchanges - although then it can be concluded that he lost almost everything given that mining was much more profitable at the time - the first 4 years the reward for each block was as much as 50 BTC. 

It is possible that he was also one of the victims of the greatest crypto tragedy Mt.Gox - but there may be a possible surprise for him, if of course he is among those who demanded compensation.

[Brandon]

In 2015 you only had 15 BTC after mining for the last five years? So you only had less than $7000 worth of BTC and $20k GPU?
Sorry my friend OP but you are not a person who started in 2010.

You ask a good question, because it really seems that someone who has been a miner for 5 years should mine a lot more than just 15 BTC, but the OP still says that he had losses on several occasions on scam crypto exchanges - although then it can be concluded that he lost almost everything given that mining was much more profitable at the time - the first 4 years the reward for each block was as much as 50 BTC. 

It is possible that he was also one of the victims of the greatest crypto tragedy Mt.Gox - but there may be a possible surprise for him, if of course he is among those who demanded compensation.

Yep he didnt even read my post and make offensive comment. As i said i mined more btc but invested a lot.

[imstillthebest]

You could be rich now and have a big house and fast cars same as you friends but you won't be happy and regret the times that you don't sold everything to save your wife from that sickness . if we are in the same situation we will also choose to save our love ones over money and physical things because they are more important and there's only one life .
 it's hard to move on if you will remember your bad memories but you can engage again in cryptos if this makes you feel better .

[bosede1]

This saddens my heart though but I will like to ask if I can get an answer that why did you quit your job? many people somewhere on this planet have sold off their one-time investment in bitcoin at least if not up to five thread that I have read something related to it. Life goes on you just have to pick up from where you left it

[Desmong]

It really hurts man but just be strong and press forward. Well I don't think you are the only victim who had experienced the same regrettable opportunity being lost. Stay cool and invest in other tokens that are still at their beginners phase.

[Lucius]

Yep he didnt even read my post and make offensive comment. As i said i mined more btc but invested a lot.

Then there's the fact that almost all of your investments were wrong, which is a bit unbelievable if we assume that someone who started mining back in 2010 should probably have a few thousand Bitcoins at some point - but you've obviously had the misfortune of not keeping anything in your custodial wallet (almost nothing). You have to understand that people can hardly understand that someone can only have 15 BTC after 5 years of mining - and yet you haven't even mentioned any specific things (names of exchanges) - which would give a little more credibility to your story.

By the way, I read another unfortunate story that has its roots in 2010, and many more who recently discovered that they once bought BTC, and today are trying to reach them - unfortunately many will never succeed (no backup, lost passwords ...).

[dificanovi]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

that is your biggest failure and you get a very valuable experience that investing in bitcoin in the long term must be very profitable.
From the story you tell, I can see that you have great love for your wife, you want to do everything to save your wife, I think you are one of the lucky people who saved your wife's life. I suggest you don't regret it because the life of your wife is very important compared to wealth.

[Xinarae*]

It's really sad but there's nothing to be disappointed about nothing is finished in crypto yet you can start investing anew if you want. If he had invested then he would have doubled the profit at the rate at which currencies are pumping with the current demand for crypto now is the right time to hold the coins altcoins are in a better position with currencies like bitcoin and ethereum. Don't be discouraged cool your mind and move forward with positive thinking the price of currencies will pump more.

[pawanjain]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

It's very unfortunate that you had to go through such hard times but brother, you shouldn't get discouraged.
You did the right thing. You used your money when you had to and that's what we should do.
Nobody knew at that time that crypto would grow so much so soon otherwise everyone would have hold on to their crypto.
Yes you could have borrowed money but everything comes with it's own pros and cons.
Even I had sold a large chunk of my crypto in the past but I am not discouraged because we are still in it.
You can still buy some crypto and hold on to it for a few years to get some decent profits.

[kryptqnick]

Op, being an early investor doesn't guarantee profits if you're being reckless about it. Investing all savings and quitting the job that gives a stable source of income just to buy (mine?) Bitcoin was a very dangerous solution. One should never invest what one cannot afford to lose. I didn't understand what happened to those mined bitcoins, though. And you shouldn't resent that your friends got rich, and you didn't. Being rich doesn't automatically mean being happy, and it's never too late to invest in Bitcoin. However, investing everything is always too risky, so if you consider buying BTC again, make sure you have a plan B in case the price goes down. Everyone makes mistakes, so what's important is to learn from them and move on.

[sapnu]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

You have been blessed upon learning about bitcoin from the year 2010 where you even started mining right away. You made bad decisions that did not appear as a bad one on that time, through that you can already see how essential time is for bitcoin. What you're selling today might look like a big win but just after few years, you would surely consider yourself as a loser as you failed to hold instead. We feel your regrets and pain, you could have been an instant billionaire if only you were able to predict or have faith with bitcoin even on the days where its value is still very low. For now, you can just keep on mining or trading and leave out the regret, you still have a shot on becoming rich.

[Kabul]

I also sold everything I had in 2018 because I lost my fate in bitcoin and other cryptourrency. I earned and then I lost, which made me supremely upset. And you know what, I did earn a lots back then but because of a few loss, cryptocurrency became meaningless. Right now, I am very disappointed of myself. There is nothing I can do to undo my actions

[$crypto$]

In bitcoin no one knows where it will go and in 2015 winning is not so valuable, meaning that the value of crypto is still very small, many people think this will not work what we imagine today, so if you look back then of course what depression has been. was done before the results of your mining were so great, that regret is definitely possible if you imagine how wealthy you are now, so start learning from before because bitcoin is always surprising when the world is shaking.

Actually I also have the same feeling as you before I started in 2015 and once passed with a lot of assets, but I just sell when it goes up a little, now I know the meaning of a real hold, especially Doge who is kept so much, but I am now I don't have anymore.

But I will continue to live it until now.

[capcaypro]

a good story, your friends have tasted the bitterness and sweetness of the crypto world, hopefully this will become an experience and become a reference for others, because now, the present is different from the past. let it go past because it is impossible to repeat itself even though we regret it.
for now maybe first cultivate motivation in yourself because it is very important now after that then you start over what you have done.
for the continuation of your life in the future, maybe it is wiser to decide something again so you don't regret it in the future like what you have done now

[seoincorporation]

This is bitcoin mate, we can't look back, because each one of us has something to regret... We all have the opportunity to become millionaires but our lack of vision and our love of instant cash take us in the move. Lets take this as a non-cheap lesson and move on, because we have the knowledge and we have learned a lot in these last years, we have to bet in the future because isn't late to get a second chance. Just get coins and hold them, we have learned that's the right way to find success in this businesss..

[pixie85]

I don't know why OP is saying he quit his job and then it went to shit because he lost his job. So which one was it? Were you fired and then started mining or what?

I can tell you that even if I were in a shitty situation I wouldn't sell everything. I'd save up as much as I could, at least 1% of what I had. It wouldn't make a difference back then but now...

[Hasan986]

No, brother, you are not alone, there are many others like this. You missed the chance to get rich. But did you know it will be 10 years later? From today you know what will happen in the next 10 years? If everyone knew, they would find profit.

[KaliLinux]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I personally believe every thing that happens to some one happens for a reason and there is lesson in it for us and to others. But I want to tell you that all hope is not lost, if only I had held on to the amount of Bitcoin I had back in 2017, I would be 50 times richer than where i am now but I dont let that bring me down. Bitcoin is one of the best investment any one can get into now and it is still early IMO so keep it moving.

[Bilgent]

It must be really devastating to witness them having what they want and you can't of course. But there is nothing to do in such situations really. This is a really risky market, you know. Not everyone can make a great deal of profit and get rich. You should have been aware of that before you started.

[Ridwan Fauzi]

We don't know what will happen in the future, that is the best thing that you should be aware in order to keep believe that sometime we will get what we want as long as we trust that bitcoin will always have a value until whenever. Same like you, I had 15 ETH in my wallet exchange when its price just $35. I collected it because I believe that ETH is able to reach its previous all time high but who knows something bad happen to me and I need money at that time and I sold my ETH when its price is $40, can you imagine how happy I am if I still hold 15 ETH until now?

[wallet4bitcoin]

You are not alone.  I have heard similar stories from others. They sold their BTC too early. I also have a story of 7 years of cryptocurrency. I have used BTC as a payment method a lot of the time and I caught some BTC, which was earned from buying / selling digital products.  However, I spent BTC at that time. I could have made a lot of money if I had kept BTC.

[Fatunad]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Just move on.

Thing here is that you do able to survive when you are into those struggle times and to think that your wife get sicked on that time as if you wont really have any choice but to sell.
There are situations in life that cant really be avoided no matter how you strictly trying to achieve your goals but we know on whats the priority in life.We dont like to see our loved ones
to suffer even we do know that we do have money to spent for them to be treated.I would definitely do the same and yes this might be regretful but money cant really buy
anything on this world. Also, its not too late to deal up with crypto market as long you are eager and have plans then there would always be some chances.

[teosanru]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I think there are numerous stories like yours. I never obviously had this much bitcoins but still had a lot of them which I sold at a pretty cheap price. Talking about the recent rally of doge coins. I had more than around 40000 doge coins. I gambled those doges on the casino I don't remember the name of the website but I remember Yahoo wore the signature of that casino game. I turned these 40k into 300k doge coins then I sold all this and got around $1.5k. I thought this is it I have made the biggest Heist in the history of bitcoin, little did I know that those 300k doge coins would now be worth more than 180k$ and still growing daily. I think everyone on this forum must have had this kind of depression. Obviously, your story is sad as you had to sell it because of a tragedy.

[harapan]

You are not alone.  I have heard similar stories from others. They sold their BTC too early. I also have a story of 7 years of cryptocurrency. I have used BTC as a payment method a lot of the time and I caught some BTC, which was earned from buying / selling digital products.  However, I spent BTC at that time. I could have made a lot of money if I had kept BTC.

This happens to the lot of us especially those who had enough crypto at some point but spent it between that 2017 high to 2018 peak prices. But there's one thing I like about crypto. It's that, there are always opportunities that would come even though it doesn't come now, it would come in the future and we have to be ready when that happens. My own is that, I had a few ICO tokens that were doing well and my expectations was that that bull market run would continue so I decided to let my bags run longer. It sunk, badly. I felt terrible for like 2 years but I'm ready to take on more opportunities as they come.

[H4M24]

i guess i have no right to complain panic selling my hardly earned 1btc years ago Lol

[jinxing]

If we look at the current price of Bitcoin, of course it will remind everyone who once owned Bitcoin which was large enough and then could not hold it until now, of course they will regret having thrown their Bitcoin at such a cheap price because it was caused by necessity.  Regret is an instinct that everyone has, when it has happened it will automatically arise because it reminds us of the past.

[dunfida]

I think there are numerous stories like yours. I never obviously had this much bitcoins but still had a lot of them which I sold at a pretty cheap price. Talking about the recent rally of doge coins. I had more than around 40000 doge coins. I gambled those doges on the casino I don't remember the name of the website but I remember Yahoo wore the signature of that casino game. I turned these 40k into 300k doge coins then I sold all this and got around $1.5k. I thought this is it I have made the biggest Heist in the history of bitcoin, little did I know that those 300k doge coins would now be worth more than 180k$ and still growing daily. I think everyone on this forum must have had this kind of depression. Obviously, your story is sad as you had to sell it because of a tragedy.

This is actually a common story on where lots of us who had missed out the opportunity on getting rich, neither we do sell out early or we had lost the coins that we've been keeping on.
Lots of opportunities that had been wasted like missed out on investing into a certain project that you do seem  that has potential but due to lack of funds then you had missed out the
chance and years later you have seen that it did really make some rise up and you would have thoughts in mind that you might have already been a rich guy now if you had just get in
on that particular time.

[dikistutmazsabri]

I think you should not regret this incident. If you regret it, you cannot live your life. you have to be psychologically strong. I think you should evaluate your decision according to the conditions of that period. For example, if we think of the man who bought pizza with thousands of bitcoins, those bitcoins worked for that man and he had to pay with them. he should have done that that day. each semester brings different requirements. We all did things that we wish we had. but we can avoid this by being more cautious and not regretting it.

[verita1]

Don't be discouraged brother. The circumstance of life made you lose your way. No matter how wealthy others are, you still have your chance with bitcoin. If you still believe in bitcoin your thinking could be as optimistic as these analyzes. Stay on board with bitcoin because you deserve it.

Can't wait to see the 2nd leg of this #bitcoin bull market🚀

https://twitter.com/100trillionUSD/status/1389891386275729410?s=19

more bitcoin supply squeeze: some miners mine to HODL (they do not sell BTC for power, more profitable back-tested eg https://t.co/GSD7c8RYWo) also with <$ 5000 / coin mined cost, even miners selling BTC for power , can keep> 90% of the coins. many will hodl 90% being permabulls.

https://twitter.com/adam3us/status/1390401308859973640?s=19

[jpnl0006]

no jokes, if you have been i the crypto space for 15 years then you should have gotten more than those of us who just got in a few years ago. Although, we are young in the space, we have seen a huge different in loads of comparism and we prefer it here than in the centralized world.

[cabron]

In 2015 you only had 15 BTC after mining for the last five years? So you only had less than $7000 worth of BTC and $20k GPU?
Sorry my friend OP but you are not a person who started in 2010.

You ask a good question, because it really seems that someone who has been a miner for 5 years should mine a lot more than just 15 BTC, but the OP still says that he had losses on several occasions on scam crypto exchanges - although then it can be concluded that he lost almost everything given that mining was much more profitable at the time - the first 4 years the reward for each block was as much as 50 BTC. 

It is possible that he was also one of the victims of the greatest crypto tragedy Mt.Gox - but there may be a possible surprise for him, if of course he is among those who demanded compensation.

Yep he didnt even read my post and make offensive comment. As i said i mined more btc but invested a lot.

Don't get so mad about it. This is a forum, there are thousands to millions of us here and one can easily misunderstand something that is being said.

What is to be focused on these days is how you could get back up because times changed this 2021 and that massive things are going on in the finance world that even the big institutions are getting into DEFI. Big techs are now joining the crypto race.

[so98nn]

The only thing I have learnt from the bitcoin is patience. You gotta have like huge patience if you wanna invest into it. I have myself gotten emotional breakdown few times in the past and you always get that feeling of loosing all your money. The prices are volatile, on a good day it could be trading nice 10-25% and throughout the same time my whole portfolio could be reverse and in minus. I have not been in crypto for 11 years, may be I know word bitcoin from my high school days but I only started investing into it when I passed out of my masters.

Then I had this rage of not investing earlier in the time. Today, I have settled on one thing, you can't change the past but you can definitely still invest systematically into bitcoin and be king in your own world. 

[protocon]

I'm so sorry to hear that from you... it would be really hard to forget about the past but I think it's time to live in the present. Is there anyone who can help you get a job?

[blue_nexus15]

As you can see, there are a lot of emotional bumps that you have experienced throughout the cryptocurrency's journey.  I have just over 3 years, and I lost my patience when the market went down in 2018. I look for work to forget and rebuild my lost investments.  And like a rocket launch, the market went up too fast until I realized it.  And I noticed bitcoin and things returned but only made a few.  But then, I learned my lesson.  Patience and retention will be the prerequisites for success in this market.

[lienfaye]

You're not the only one having such regrets for selling early and not thinking of the future. Well who would have thought that bitcoin can be the way for us to become rich if only we hold few bitcoins in times the price is really affordable. Anyway it happened already and there's no point on dwelling in the past since we cant change it.

Its better to move on and dont repeat the same mistakes again. Now you know the worth of bitcoin, its a digital gold, hence hold some and wait for the perfect time to take profit. There's no such as too late to invest if you're plan is to hold for long term.

[Bitstar_coin]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

'Patience is a virtue not everyone possess' 20 btc at this current price is a good money to enable you live a good life, but you don't need to duel on the past, think of way of reinvesting to take advantage of this bull run period,  you can't change what happened in the past but you can determine what the future will be by taking the right decision now. It is not too late.

[the rise]

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

You have an amazing experience, never give up on it. There are still many opportunities for rich dicryptocurrency. I sometimes also regret that thinking about the past about bitcoin could make me rich enough to hold it for a few years, however, I'm selling it now.

[the rise]

no jokes, if you have been i the crypto space for 15 years then you should have gotten more than those of us who just got in a few years ago. Although, we are young in the space, we have seen a huge different in loads of comparism and we prefer it here than in the centralized world.

it seems that at that time he still did not fully believe in cryptocurrency and plus lost his job and his sick wife, creating depression that must now require selling all his assets. I'm sure he's not alone some people experience like you. I hope he gets some luck in the future.

[isaac_clarke22]

Hello Brandon.
Sorry for your losses on that.
Only way to cope for this with for now is to step out of crypto. Just like if you get sick in the internet, you would just turn off the computer and change your routine.
If you're still financially stable like you can pay your monthly liabilities, you shouldn't feel bad even though your crypto friends are like buying their Lambo.
It kinda sucks, but if you kept thinking about it, it would just drag you down.

[AniviaBtc]

For me, after engaging in cryptocurrency for almost 5 years, I can say that bitcoin really changed my mindset towards life and investment.

This taught me many lesson on how to make a living and how to sustain our needs and think about the future.

By thinking about the future, you can save a lot of money and make bitcoin as a store of value not only gold.

[slaman29]

You are not alone.  I have heard similar stories from others. They sold their BTC too early. I also have a story of 7 years of cryptocurrency. I have used BTC as a payment method a lot of the time and I caught some BTC, which was earned from buying / selling digital products.  However, I spent BTC at that time. I could have made a lot of money if I had kept BTC.

If you've been in the space for as long as you say you have then it's quite weird to hear you say you've used it and look back and say you should have kept it.

Newbies tend to say it but we all know that if we don't use it and everyone just holds, BTC would never go up in value. You've been through 2 past rallies and now in third. Surely not the time for regret?

[Naughty Princess]

You are not alone.  I have heard similar stories from others. They sold their BTC too early. I also have a story of 7 years of cryptocurrency. I have used BTC as a payment method a lot of the time and I caught some BTC, which was earned from buying / selling digital products.  However, I spent BTC at that time. I could have made a lot of money if I had kept BTC.

If you've been in the space for as long as you say you have then it's quite weird to hear you say you've used it and look back and say you should have kept it.

Newbies tend to say it but we all know that if we don't use it and everyone just holds, BTC would never go up in value. You've been through 2 past rallies and now in third. Surely not the time for regret?

I think whatever changes on the value of BTC, there is always a regret and we mostly rant about it. When it is down, you regret not to sell when it has higher value but never try to buy some when it happened, then you gonna regret again when the price got higher but you dont not have any investment from it.
Every situation is an opportunity rather than regretting it, take it. Buy when you have to hold, then sell when you think you already have profit. Take risk, play the market.

[Kong Hey Pakboy]

It was your decision at that time, no point regretting real hard with what happened, you have to stand by that words. You and everyone didn't know that bitcoin will be a big thing in a decade so there is no point mulling over your past choices, it made you who you are today. It's not like it's too late to start over.

[haidil]

It was your decision at that time, no point regretting real hard with what happened, you have to stand by that words. You and everyone didn't know that bitcoin will be a big thing in a decade so there is no point mulling over your past choices, it made you who you are today. It's not like it's too late to start over.

its true 'don't regret the past, back then I had BTC in 2017, if it was sold at this time how many times it was from the previous price. But I don't regret it's time to start over.

[Sanugarid]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

You don't really have to blame yourself just move forward and invest again with an alternative cryptocurrency coin that has a good growth potential just like BTC in the future. I think giving up your full-time job and investing everything you have in BTC is the biggest mistake you've made. Besides, no one can really tell if BTC will succeed even if it will succeed it will take a very long time. So just invest you can afford to lose.

[dre1982]

I guess the most of us could have been richting if we knew what would happen. I had also millions of Doge and a few BTC which I sold years ago. Now I could be millionaire but if thit while crypto thing failed I would be happy that I sold it on time.

[xSkylarx]

It was your decision at that time, no point regretting real hard with what happened, you have to stand by that words. You and everyone didn't know that bitcoin will be a big thing in a decade so there is no point mulling over your past choices, it made you who you are today. It's not like it's too late to start over.

its true 'don't regret the past, back then I had BTC in 2017, if it was sold at this time how many times it was from the previous price. But I don't regret it's time to start over.

It will just hurt and make us depress if we keep remembering the past. Seeing my past trading histories and how big was my holdings before makes me also regret that why I sold early so I just think of it in a positive way to lessen the sadness I feel because it helped my family a lot when we are struggling financially. We don't have a choice but to start again if we still trust the potential of cryptocurrencies in the future. Mass adoption is just beginning so cryptos that have really good projects have still got a lot of time to grow.

[Kong Hey Pakboy]

It was your decision at that time, no point regretting real hard with what happened, you have to stand by that words. You and everyone didn't know that bitcoin will be a big thing in a decade so there is no point mulling over your past choices, it made you who you are today. It's not like it's too late to start over.

its true 'don't regret the past, back then I had BTC in 2017, if it was sold at this time how many times it was from the previous price. But I don't regret it's time to start over.

It's good that you did the healthy way of letting bygones be bygones, it wasn't our fault that we sold bitcoin at that time because we believed that it was the biggest point, and we don't know what is in store for the future of bitcoin. The important thing is that you are still on the market making bank.

[Kittygalore]

I guess the most of us could have been richting if we knew what would happen. I had also millions of Doge and a few BTC which I sold years ago. Now I could be millionaire but if thit while crypto thing failed I would be happy that I sold it on time.

But we don't, I mean that's the beauty of living without knowing what's going to happen in the future, you are excited what's going to be given to you. Imagine if we know what happens next, it will be boring because you can't be surprised anymore and depressing because we know how and when you are going to die.

[AbsentMinded]

No, you are not the loser, the situation that happened to you is more like life experience, you should not be deppresed of losing that opportunity, you should move on, you can't go back in time so you should search for your new opportunity to become rich.

[masphie]

Maybe your decision at that time was correct, Needs trumps everything.
For me, what you are doing is right. Wife is a priceless treasure.

[uneng]

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.

It's not too late. Bitcoin can hit 100,000$ yet, as predictions say. All you need to do is to be patient and keep some holdings. Probably you won't see an insane gain over your investment like early investors did, but it's still possible to double your investment with bitcoin and grow a healthy financial life with crypto currency.
I think you shouldn't concentrate yourself too much on your past regrets or bad experiences other people had as a *crutch* for your own problems, because it won't help you overcome the challenges in your life anyway.

Crypto is the future and you can't just forget about it, because you will regret even more later for doing so.

[Dewi Aries]

Sorry for your loss. But it is better to move on and keep earning, or maybe buying, or anything else we can do with crypto. At least if OP and me, and other people missed chance in past, this time we're not missed it and can get any profit in cryptocurrency. We can do bounty campaign or maybe trading with low capital at first to start and have chance to gain profit from it.

[Rkss4]

I entered in cryptocurrencies market 2016 , now 2021 within my five years experience that cryptocurrencies business completely a risky business systems. If you have enough encourage to take risk then you should have enough profits.

[Distinctin]

Sorry for your loss. But it is better to move on and keep earning, or maybe buying, or anything else we can do with crypto. At least if OP and me, and other people missed chance in past, this time we're not missed it and can get any profit in cryptocurrency. We can do bounty campaign mor maybe trading with low capital at first to start and hf ve chance to gain profit from it. But still, be ready for some losses because crypto is not just about profi

Do not be stucked with your crypto depression and let it control your life. There's more to life than living in frustration. Let me remind you that you are not too late for crypto investments and you still have big opportunities to start investing again and this time make it work for you. Be patient if the price suddenly crash because it won't stay for that very long. Be ready for some losses because crypto is not just about profits taking but also losing your hard earned money.

[slaman29]

Newbies tend to say it but we all know that if we don't use it and everyone just holds, BTC would never go up in value. You've been through 2 past rallies and now in third. Surely not the time for regret?

I think whatever changes on the value of BTC, there is always a regret and we mostly rant about it. When it is down, you regret not to sell when it has higher value but never try to buy some when it happened, then you gonna regret again when the price got higher but you dont not have any investment from it.
Every situation is an opportunity rather than regretting it, take it. Buy when you have to hold, then sell when you think you already have profit. Take risk, play the market.

Not really, I do regret some things I did in 2017 but less and less so. As long as you learn some of your experiences from mistakes and choose never to repeat them, you have already gained something valuable from it. I think if you or I joined late like in this rally, we would be making the mistakes today and learning them for the next rally:)

[isaac_clarke22]

~

Don't give false hope to the OP, although there is sure one day that we will reach that price one day, but let the OP first move on from the regrets he had.
If we keep giving false hopes to the OP, it would just worsen his condition.

[Gamerholic]

It is sad to hear such a story, but I think you are not alone in this grief. Actually, it is better to lose what was on the sale of cryptocurrency or completely skip this story and only after everything understand what could have been bought for 1000-3000 dollars bitcoin when there was such an opportunity and did not do it. And now regret it. I think the difference is not that big. In any case, you have received tremendous experience and you shouldn't stop there. Don't give up.

[dre1982]

I guess the most of us could have been richting if we knew what would happen. I had also millions of Doge and a few BTC which I sold years ago. Now I could be millionaire but if thit while crypto thing failed I would be happy that I sold it on time.

But we don't, I mean that's the beauty of living without knowing what's going to happen in the future, you are excited what's going to be given to you. Imagine if we know what happens next, it will be boring because you can't be surprised anymore and depressing because we know how and when you are going to die.

I sold bitcoins for $250 each years ago buy then I needed the money more then I do now. So back then it was a good decision so I don't regret it

[molsewid]

It is sad to hear such a story, but I think you are not alone in this grief. Actually, it is better to lose what was on the sale of cryptocurrency or completely skip this story and only after everything understand what could have been bought for 1000-3000 dollars bitcoin when there was such an opportunity and did not do it. And now regret it. I think the difference is not that big. In any case, you have received tremendous experience and you shouldn't stop there. Don't give up.

Yep, I agree that you're not alone in this grief. We humans have some decisions at some point in our life that make us feel regretting and sometimes we think like we can't move from this. And having bad decisions, regretting stuff is all normal, we are just humans, we are not perfect and made mistakes and that what life is. I think all we can do is not doing it again, learn from our mistakes and give our best to be better or best version of our self. You just lose bitcoin not yourself, not your loved ones, and not your life. You still alive and kicking get a job, tried bitcoin again or do what you passionate about. Mistakes makes us better and stronger. Don't quit trying. Keep fighting!

[dark1234]

when one gets to know cryptocurrency it is very difficult to leave it; this is a fact of life that may be very touching and empathetic but we must be able to thank God to still be able to rise from that pain ... Take the lesson and continue to live life stronger because we believe that happiness is just one step ahead.

[uneng]

~

Don't give false hope to the OP, although there is sure one day that we will reach that price one day, but let the OP first move on from the regrets he had.
If we keep giving false hopes to the OP, it would just worsen his condition.

What false hopes did I give to OP?
I just encouraged him to not give up due to the regrets and bad past experiences. Crypto universe's role is going to increase more each new year in economics from now on and those who abandon crypto currency will regret a lot futurely.

[giantrobot]

I have many different feelings when it comes to cryptocurrency. There are times when you are happy when making a profit, when participating in a successful bonus campaign. But I also experienced many ups and downs in this market. At times, Bitcoin's depreciation is almost completely lost, working for no money. That crisis period I was very sad. After that I did not give up but continued to invest until now. I believe there are times when I am lucky.

[Kamarah]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Please share your sadness. I understand how you feel because I have experienced it just like you. Do not be discouraged if you continue to invest in Bitcoin I believe you will be successful. I have success and failure also. Thanks to Bitcoin investment, I have money to repair a new house, send money in the bank and spend it comfortably. But sometimes I also lose money without a CD. But to this day I still thank my friend for leading me into the world of crypto.

[Dread Pirate Roberts]

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

you will never know the future dude . and also nobody know surely bitcoin will reach this high . in any section or working investment its need dedication . thats all i can say . dedication of something you loved and you believed its makes something you dont expect could happend  just keep possitive and there is always new start .

[JohnBitCo]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

There is no need to repent on the past actions. You did not made a mistake by selling your miners. In 2010, no one knew the future of bitcoin and at that time it was considered as a internet money. The main thing is for you now is not to get depressed , regroup yourself and see how can you make your life better with little resources available.

[Angna27]

I feel so sorry for you dude, that is a sad reality that indeed investing is a risk kind of thing, and its not easy to accept it, specially it is your hard earned money and lose it like a bubble, I hope this a learning lesson for you and for everyone else not to ivest everything you have but instead invest only on what you can afford to lose, don't pput your eggs into one basket so to speak chances are you lose.  But then don't be too hard on your self either just accept it and move forward. nobody wants it to happened also.

[rodskee]

It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

That's life mate , Not everyone is destined to Become millionaire at the same time.
Sometimes Our friend get their first chances while others Least .

I believe in the saying that "Opportunity only Knock once" but i also believe that sometimes we thought it was our opportunity but the truth is for others and not us.

Just do your things , stay strong and Keep holding , maybe yours is yet to come.

[Bitstar_coin]

I feel so sorry for you dude, that is a sad reality that indeed investing is a risk kind of thing, and its not easy to accept it, specially it is your hard earned money and lose it like a bubble, I hope this a learning lesson for you and for everyone else not to ivest everything you have but instead invest only on what you can afford to lose, don't pput your eggs into one basket so to speak chances are you lose.  But then don't be too hard on your self either just accept it and move forward. nobody wants it to happened also.

He wouldn't have lost it if he didn't sell and also was patient enough,  why are you sounding like it was a big bubble that vanish suddenly! btc is still here and way more higher than when the op sold all his coins, even op admit that all his friends who hold have gained alot since then, this is the reason why patients is very important in crypto, panic don't solve anything.

[acener]

I haven't been in crypto for that long but I am grateful to crypto for knowing it.
I am lucky that I didn't give up on it and I gain my financial freedom because of it,
I am earning comfortably at home and I could spend more time with my family I could say it is much more easier and not stressful compared to actually working.
All the things that I have now and enjoy is all thanks to crypto.

[Yatsan]

What you have done in the past is out of control or those are circumstances that cannot be avoided. Yes, that is somehow tragic in your part but regrets from the past will no longer do anything good for today. What you have sacrificed in the past is worth the spend instead of borrowing money wherein you have no exact idea or assurance when you can pay all those debts for the sake of preserving your miners and your Bitcoin holdings. You must just start up working once again although there is already a big difference from what it is 11 years ago up to this current time. But surely you can manage getting up from scratch.

[wiss19]

It happens to a lot of people, and things like this has also happened to me. I think the best thing you can do for yourself is just to believe that it is not over yet, and then get another job as you have said and start investing some money in cryptocurrencies, there are many altcoins that are pumping now, just like dogecoin that has done over 25,000% so far.

So, there is still hope. By the way, I don’t know why some of you choose to quit your jobs when you haven’t achieved anything yet from this. Before you think of quitting your job because of Bitcoin, you should make sure that you have already created a stable means of income first. That’s very important.

[aysg76]

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

See mate you are not the only one who is regretting about btc early adoption witnessing price rising to $64k in 2021.You just saved your wife's life at that time which was more important and your top priority and you did nothing wrong.You just lost your 15 Bitcoins and there are people around who have lost thousand without even realising what the hell they have done and now they are also regretting but that doesn't mean we keep on repeating the same mistake again and again.Life is continuous and we should keep on moving to match the pace continue of life.Best is to invest now if you have funds and start mining again with borrowed funds to purchase GPU and jump into minings pools as it is profitable this time and will be more in future.Instead of regretting we should make opportunities for ourselves and turn them into profits for our long term success.

[Zoe Saldana]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I know a guy who had it all.   He made millions in the 90s when a lot of companies were acquiring other companies.   He had the home and kids college fully funded.  About 2005 he gets into day trading with a coach and all.

He lost it all including the kids college funds and the family.  He had to go back to work and died a few years late of cancer.

The point is you need a plan for getting rich and to know when you got there.   The same thing happens with the high up drug dealers, they have millions but don't have a plan for getting out, so they eventually get caught or killed.

Now men are very successful in commuting suicide when depressed.   Women are better at handling it because they have a wide social network and talk about their feeling. 

Ask for help.  Let your wife know how you are feeling. Talk with your doctor.

https://suicidepreventionlifeline.org/

[bounceback]

don't think too much about the past because it is something that has already happened, of course we can't go back to change it, so now it's better to think about the future and don't repeat the same events.
I cannot say that what you did was wrong because it was your own decision and of course everyone has the right to make their own decisions.

[ivan.1.petrov]

I feel sorry for you man. It seems that you don't have the needed skills for trading as most of the people in crypto and in world as well. Just get a normal job and start living a normal life. You can even start a job in a crypto company but don't invest. Just work as 90% of the people in the world and you will have a normal life.
Good luck and regards!

[Kittygalore]

~

I sold bitcoins for $250 each years ago buy then I needed the money more then I do now. So back then it was a good decision so I don't regret it

That is still a decent money and you needed to spend it because you have your necessities and I salute you for not a bitch about your past actions.

[bryant.coleman]

Don't know whether the OP is just lying or not. But in my case, I first registered to this forum in 2012 and back then I had purchased BTC at around $10 per coin. Back then I never thought that BTC would climb to five digit prices and so I was not very serious about it. In 2013, I lost around 2/3rd of my coins to a scam. And in 2015, I sold a majority of what remained at around $250 per coin. Now I have around 10% of my original coins remaining in my wallet. But I don't have much regrets. I am luckier than 99% of the guys here, who entered the cryptocurrency sector mostly in 2017 or later.

[todiefor17]

I remember the first moment when I bought my first Bitcoin, it was new and it looked risky when I managed my own money. If I forgot my password or recovery phrase I would have lost all of my assets. I used my savings to buy Bitcoin. My family knew and they were very angry about it because they thought it was a scam. At this point, I don't have as many Bitcoins as I used to, but I'm glad Bitcoin has gone up to $ 57,000 and I want my parents to know that I have not been wrong when buying Bitcoin in the past.

[willoweb]

There are many people in your place, but not all of them feel depressed. I think it's worth looking at it from different angles. First of all, you have knowledge and experience that most people do not have. So you can always come back with this knowledge to the market and make your profit from it. There are so many ways to get new opportunities today. No need to despair, you just need to believe in yourself and your skills. Analyze the market and projects and you will succeed!

[Trixoempire]

I also play with 15 btc on dices sites when it was low so? i am not depressed by that.
it's happened. I didn't expect it to skyrocket to 50k.
there are more ways to make money than Crypto

[sarmrakib]

I also play with 15 btc on dices sites when it was low so? i am not depressed by that.
it's happened. I didn't expect it to skyrocket to 50k.
there are more ways to make money than Crypto

I have passed more than 5 years on crypto at the beginning i also have found some dice roll site ans few gambling as well but i didn't play those game cause i got in mind that bitcoin has a value in future. Now really its have a real value which has changed my whole life. I think it was my luck that i did hold it.

[Rengga Jati]

This is one of the biggest regrets. But as said by the members here if you are one of them, you are not alone.
Again, we cannot live in the past and cannot return to the past. What we should do is what is currently happening. We must think about this time and also the future. Depression and regret will not be enough and will not make us rich. So, immediately move on even though it's heavy. It's better to start from the start and get what we want again.

[Kasabus]

This is one of the biggest regrets. But as said by the members here if you are one of them, you are not alone.
Again, we cannot live in the past and cannot return to the past. What we should do is what is currently happening. We must think about this time and also the future. Depression and regret will not be enough and will not make us rich. So, immediately move on even though it's heavy. It's better to start from the start and get what we want again.

You are not too late dude because crypto is still here giving us vast opportunities but it's up to you how you will handle your priorities. There's no point on remembering the past because that won't do good at this moment.

Move on my friend. Start investing again and set yourself for more losses than preparing yourself for quick profits. And stop being impatient. Set your goal and work for it. Successful men are those who patiently wait and don't just give up easily. That does not apply to crypto but definitely in all aspects of life.

[Twentyonepaylots]

The thing is, there's no one that is late when investing in the cryptocurrency investment, only ones that got the invitation a bit later than the others. You may not have been able to grab the opportunity that some of us had experienced, but let's be real here, they are but a few because not a lot of people are aware of bitcoin and crypto in the past. You can still get into crypto in some other ways, like investing your money on it directly instead of buying or investing on a miner which is not as profitable as they are in 6 years ago.

[temple]

The thing is, there's no one that is late when investing in the cryptocurrency investment, only ones that got the invitation a bit later than the others. You may not have been able to grab the opportunity that some of us had experienced, but let's be real here, they are but a few because not a lot of people are aware of bitcoin and crypto in the past. You can still get into crypto in some other ways, like investing your money on it directly instead of buying or investing on a miner which is not as profitable as they are in 6 years ago.

Well but the earlier you got in the less stressful it is. It's different you buy Bitcoin for 55,000 USD than if you bought at 2,000 USD and can't lose money but only win. It is no simple decision to now say "ok I'll put money in".

[nebuch]

Men, you are not alone. There are a lot of people in crypto space that lost something big and more opportunities. But you know what? Life must go on. You can still make your life much better and avoid more regrets. Me too lost $450,000 if I hold some of my holdings. I was broke and disappointed. But now I choose to move on and forget the past.

[rosebrand]

I know you are really depressed, but you shouldn't be depressed because there are lots of people with same story and some even had more than what you got then, but so bad we can't bring the past to the present, so it's better to forget about the pass, I know it could be very hard but you really need to, crypto is filled with alot of opportunities and you can still made that which you sold out if actually you can forget the past and face the present, like I said there is so much opportunities in this crypto space and your even lucky to be here because this forum is also a good place to benefit alot from crypto.

[Alert31]

It’s really hard to forget the past but you also can’t live in the past. You need to move forward and what happened in your past is just an experienced and part of your life in crypto. You're not alone that have such a sad experienced. What you can do now? Move on and find some cheap but good coins to invest. And don't let your past experienced happen again in the future.

[xiboothrezi]

This is one of the biggest regrets. But as said by the members here if you are one of them, you are not alone.
Again, we cannot live in the past and cannot return to the past. What we should do is what is currently happening. We must think about this time and also the future. Depression and regret will not be enough and will not make us rich. So, immediately move on even though it's heavy. It's better to start from the start and get what we want again.

If remorse overpowered a person, imagine someone who made pizza day history, how would that feel?
it is human nature that always feels that it is lacking for what has been obtained. this is a bad trait, we have to really be able to control it so as not to influence our decision making in the future.

what do we expect from that regret? do we want the play back button? that's not possible right? so just be grateful for what we have got, and don't get your hopes up too much, the important thing is to try your best.

everyone has different conditions, so the decision to sell or hold depends on the conditions of each, do not be forced.

[temple]

Well but the earlier you got in the less stressful it is. It's different you buy Bitcoin for 55,000 USD than if you bought at 2,000 USD and can't lose money but only win. It is no simple decision to now say "ok I'll put money in".

But right now, it's probably a safe zone to buy. It is unlikely that the price will fall so much that you can lose money.

A safe zone at almost 60,000 USD? I can understand if one has the memories of 2018 in the back of his head brooding around whether it is a safe zone or not. A safe zone is when you are almost certain that it won't make you lose money when you invest now. That is why I wouldn't call it a safe zone. We all know what a crypto winter is and how long it can take to recover. It is brutal to go through it.

[nebuch]

I also play with 15 btc on dices sites when it was low so? i am not depressed by that.
it's happened. I didn't expect it to skyrocket to 50k.
there are more ways to make money than Crypto

That was huge. Even just 1 or 2 btc I cannot afford to lose it. Maybe I'm just small fish as I think coz even .01 btc I doesn't own. Well, I have some altcoins that looks potential but I doubt if they will give me 100x profit in due time. How I wish to have btc in my wallet and will use it to help the people who are greatly in need situation.

[Momotajul]

It is human nature that always feels that it is lacking for what has been obtained. this is a bad trait, we have to really be able to control it so as not to influence our decision making in the future.

what do we expect from that regret? do we want the play back button? that's not possible right? so just be grateful for what we have got, and don't get your hopes up too much, the important thing is to try your best.

[Cryptoshops]

Think we have all done stupid things with Bitcoin when it was first launched  I too sold Bitcoin at a very low price and I did the  same with litecoin,  but that was the past and crypto has come a long way since those days. I have since invested around £350 into crypto and now have over 3k worth of crypto  within a year and counting.  It just goes to show that even if we did stupid things  in the past, today you can still make decent money from crypto.

[dohh]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I´m sorry about your losses. I don´t know if it helps, but try to think about it in this way:

BTC does not generate any value by itself. It is not money, neither it will ever be. It is not an alien technology either, it is just a token. A token, which was made for making its creators and early adaptors rich. I won´t explain it in full, the halving process alone does the job.

As BTC does not generate any value, its only value remains in its speculative potential. Potential of cashing in the USD. So whomever you had sold your coins to at today's price, would have become a bagholder instead of you. Risking with the same outcome as you had once when the music stops and the party ends. Friends of your... They do that precisely. They hand over the bag (if they are unaware) or they frankly scam (if they are aware) other people. Producing victims like you are. Later they would nod sadly and feel sorry, what kind of bad coincidence you had with cryptos. It´s not a coincidence. They have your money. Not namely them, but someone similar to them. Anyone aware, how BTC really works and still trading it, is a scammer. If you know, that the price of BTC is produced with another token (USDT) and people who buy in with their real money do not know that and you are OK to take their money, you are participating.

Finally, one general monetary rule: there is no "get quick rich" way that is viable and repeatable and that is not weighted with risk already. Crypto is a very risky and scammish way to "invest". I would rather call it gambling.

[fileo]

We have all loses in life which made us regretful and wishing to bring back the past and correct it. However, though we are regretful and always triggered to think the past missed big opportunity, still the present make sense. I know it is hard but we can't do anything to bring back the past. I hope there is the same opportunity to come along our journey. Good luck to us mate.

[Rebdoomer]

You need to think long term. As long as you're alive, you can still be a millionaire.
Work at your job and save up to $100k.
Put that $100k into Bitcoin at it's lowest point in the market, usually around late summer.
Diamond hands hold it for 10 years and sell it in 10 year or more.
You lost the battle but you didn't lose the war.

 

[Renampun]

...

I feel this too, I regret leaving my job and using Bitcoin to fulfill my daily needs...

If I didn't use Bitcoin for my daily needs then by now I would already have some Bitcoins and some Altcoins. seeing the price of Bitcoin to $60k and ethereum to $4k makes me regret not holding. everything has happened, all we can do is reorganize from the bottom.

[Razmirraz]

I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

Let's take the positive side, friends, if you are not investing everything in GPU, maybe your money will be spent in useless places. I can say you are one of the lucky ones, because you have savings that you invest in GPU, then you can allocate your investment for your wife medical expenses.

I catch your complaint as a form of regret after knowing the current price of Bitcoin (compared to when you sold it). Let's think with a clear head, if in 2022 Bitcoin has no value or its price is lower than 2015 (when you sold it) you might say the opposite, "I am very lucky to be able to sell Bitcoin while it still has value".

Regret like this can come to anyone, if at that time you know Bitcoin has increased rapidly in the following years, I am 100% sure you will not interfere with your investment in Bitcoin.

[Davidvictorson]

Hey, do not beat yourself up. Carryout an assessment of everything that has happened and go back and re-strategize. It's not too late to get rich via bitcoin. Go to your crypto-friends and speak with them. Since they are your friends, talk to them. You never can tell they may be nice enough to borrow you their one of their device to help you get back on your feet.

[salad daging]

Hey, do not beat yourself up. Carryout an assessment of everything that has happened and go back and re-strategize. It's not too late to get rich via bitcoin. Go to your crypto-friends and speak with them. Since they are your friends, talk to them. You never can tell they may be nice enough to borrow you their one of their device to help you get back on your feet.

Yeah regrets are bound to happen but whatever it is we have to rise up I've been in such difficult situations but I've been thinking about how to get up in any way and now slowly I've grown bitcoin for the future as a long term investment, we still have a chance in bitcoin and never give up just because of previous failures, you still have to have the ambition to be able to stand in this good bitcoin environment.

If you have a solid friend, do cooperation, I'm sure a true friend will definitely help, the most important thing is that we can start well and yesterday's failure is just a lesson.

Moreover, you have long experience in the crypto world.

[JayJuanGee]

Hey, do not beat yourself up. Carryout an assessment of everything that has happened and go back and re-strategize. It's not too late to get rich via bitcoin. Go to your crypto-friends and speak with them. Since they are your friends, talk to them. You never can tell they may be nice enough to borrow you their one of their device to help you get back on your feet.

Well, I did read through the whole thread, and it does seem that several of us question the extent to which OP might be telling the truth in terms of what had happen to him in terms of whether the alleged facts really add up and even whether the course forward ends up being rational or reasonable at all - even though for sure, many of us recognize and appreciate that people can frequently NOT be rational or reasonable in their balancing of their finances and/or their psychology when it comes to something like bitcoin.

Of course, if OP had been into bitcoin since about 2010, we would have presumed that he would have had some smarts to himself when it comes to technological matters..because there were likely not as many user-friendly ways to get into bitcoin back in 2010 as compared to the various ways that any of us might get into bitcoin today.

Another confusing angle is the OPs choice of "crypto" in terms of describing his experience, and who the fuck knows what is crypto.. He seems to be talking about bitcoin, and I have some difficulties mentally processing why any genuine person who had got into bitcoin in 2010-ish would be so damned confused about what the fuck bitcoin is to refer to it as "crypto" - even though I know that vague-ass denigrating term "crypto" does exist in the wild and a lot of forum members, including a lot of members participating in this thread choose to parrot such term - including even some folks who seem dumb (or is it gambling-derranged?) enough to be recommending that OP identify some shitcoin and get into that as an investment with potentially better UPside potential... seemingly going into unit bias presumptions regarding shitcoins having value based on their unit price.. so sure maybe OP would be receptive to getting into some nonsense pump and dump since that seems to be the way that OP had treated his bitcoin investment in terms of failing/refusing to see it as a long term investment in which he should have been setting some coins aside anyhow... so how would anyone with any kind of appreciation of what bitcoin was/is actually be left with ONLY 15 bitcoin after having been in bitcoin for 5 years at that time in 2015.. and sure I can see it happening.. but I am being critical of non-introspection.

The more solid of the recommendations forward in this thread did have to do with suggesting that OP get back on the horse, and to learn from his past mistakes, and whether that is possible with OP or not, it seems to be a decent talking point in terms of anyone who might be reading this thread.. and that has to do with anyone having trepidations about bitcoin, refusal to stay invested into bitcoin and to walk away, they are likely going to have fun staying poor if they do not grow the fuck up sooner rather than later... In other words, bitcoin is likely serving as our greatest wealth transfer in history, and if anyone has doubts about these parameters (presumptions), then it would be a matter of  how much they should invest into bitcoin rather than whether to invest into bitcoin. .. and fuck shitcoins, they are not part of the greatest wealth transfer in history, even though they are sucking off of bitcoin's teet along the way.. .. so in essence, you gotta figure out how much to put into bitcoin 1% to 25% of your investment portfolio, and the overwhelming majority of any "crypto" portion should be into bitcoin, such as 90% and if you want to fuck around with shitcoins with less than 10% of your crypto investment then that would be acceptable, even though 10% invested into shitcoins would seem high...

There are also some devil into the details about how to get started in investing into bitcoin.  I used to suggest people to try to invest at least $10 per week, but in recent times, largely since March 2020, I have been suggesting $100 per week.. but of course, each person has to figure out their budget, and surely there are some folks who can ONLY do $10 per week.. and so after a decent amount of time of investing into bitcoin of perhaps a couple of years, the BTC portfolio may well start to feel as if it is getting sufficiently larger and more options come as the BTC portfolio grows.. and another aspect is that it best that investments into bitcoin have a 4-10 year or longer timeline.. . and of course, you can still invest with shorter timelines, but some of the parameters might need to change.. and even the expectations of being in profits are not going to be as clear with shorter timelines of less than 4 years...

Sure, more could be said to OP.. but just giving some ideas.. and walking away.. if that's what you did seems pretty lame.. even though I do know that people do walk away from bitcoin by failing/refusing to get in, but with OP at least there is some experience, but he still likely has a lot to learn, and part of the learning is getting back in and establishing a reasonable, prudent and personally tailored approach. .and then putting such approach into practice...sooner rather than later.

[goldrushed2]

Yeah dont worry mate. Just try invest when the market bottoms out in the next year or 6 months. You cant look back. I started with 3000 btc I bought for 3k USD back in 2012. All the hype never really happened and I was not into trading back then nor did btc have real charts to look at. I then managed to get around 600 btc saved in mtgox - and yep - it all got taken by MK the ultra D. The whole industry is so scammy. Then compliance now blocks all you funds if kept on an exchange. I dont ever hold (at extreme highs) I always sell at good prices and wait to get back in.

I was such a believer back then but now if I'm honest I think the NSA's sha256 being used in btc is a big giveaway. CBDC would never be implementable unless crypto/btc came first. I think crypto is a plan to get everyone working digital and then the central banks can enforce CBDC on all exchanges. Compliance and KYC of crypto is ten times worse than a strict bank. Its easier to pay 30k cash in a bank then it is to deal with the BS Kraken and other exchanges ask for these days. So I am also in my own way fed up of bitcoin. Wish I had just put away 3000 btc and left it for ten years but who knew? Every up swing you get the hype boys like Keiser the CIA man manipulating demand and the price - calling 500k - it then dumps.

Hope you enjoyed my rant. Best of luck. Now you know to get in cheap and get out when prices are crazy high.

[JayJuanGee]

Yeah dont worry mate. Just try invest when the market bottoms out in the next year or 6 months. You cant look back. I started with 3000 btc I bought for 3k USD back in 2012. All the hype never really happened and I was not into trading back then nor did btc have real charts to look at. I then managed to get around 600 btc saved in mtgox - and yep - it all got taken by MK the ultra D. The whole industry is so scammy. Then compliance now blocks all you funds if kept on an exchange. I dont ever hold I always sell at good prices and wait to get back in. I was such a believer back then but now if I'm honest I think the NSA's sha256 being used in btc is a big giveaway. CDBC would never be implementable unless crypto/btc came first. I think crypto is a plan to get everyone working digital and then the central banks can enforce CDBC on all exchanges. Compliance and KYC of crypto is ten times worse than a strict bank. Its easier to pay 30k cash in a bank then it is to deal with the BS Kraken and other exchanges ask for these days. So I am also in my own way fed up of bitcoin. Wish I had just put away 3000 btc and left it for ten years but who knew? Every up swing you get the hype boys like Keiser the CIA man manipulating demand and the price - calling 500k - it then dumps.
Hope you enjoyed my rant. Best of luck. Now you know to get in cheap and get out when prices are crazy high.

Wow... You seem to be deluded goldrushed2.  

If what you are saying happens to be true, then you surely have some interesting facts, but it seems like you have a decently BIG ass ego, too.. .and you also seem to have some weird views of the world.. sure the world is screwed up in a lot of ways, but it seems to me that on an individual level we should be attempting to be figuring out ways to deal with such matters and to provide more options to ourselves rather than just moaning about various negative aspects of the world.. yeah.. I agree some of the negative aspects are quite irritating, frustrating and unfair many times too..

By the way having a strong ego can be dangerous for investing whether BTC or otherwise, and also dangerous when attempting to share ideas about these kinds of topics with others in a forum like this... - if you happen to actually be interested in sharing any more of your matters and views as they might relate to this thread.

Let me just point out that you had recommended getting in and out of bitcoin, but also you recognize that you had fucked up pretty BIGGEDly by getting out of all of your BTC?  That getting in and out of bitcoin approach does not seem to have worked out too well for you. unless there is some angle that you are not mentioning.. such as that you still hold some of your coins perhaps?  but from your post, I got the sense that you are a bit of a bridge burner and you do not like to hold on to things, even if they might have future value..   ..

Also, if you really had 600 coins on Gox at the time of their implosion in February 2014 and if you did not sell your claims to the various scalpers (or whatever those guys would be called?), your 600 coins would likely be a shit-ton of value right now, even if the GOX claims are likely ONLY anticipated to pay out around 15% or so?  

I cannot recall exactly what the latest anticipated payout for the GOX coins.. but the fact that you did not mention it, makes me suspect that you no longer hold the claims to those coins even though.. 600 coins in 2014 would have been around $360k ($600 per coin) on the fair market value right before the GOX implosion down to around $200 (which still would have been $120k) or whatever stupid price that MTGOX's exchange rate was stuck at (I seem to recall $190 for some reason) when they announced they were closing. and then never to reopen.. .but even if you were able to get 15% of 600 BTC, that would be 90 BTC (which would be nearly $2 million at today's BTC prices).  

I doubt that you still have claims to 600 BTC on MTGOX, since even if what you had said was true, from my little bit of information about you from your post here, you seem to be disinclined to HODLing onto anything.. and probably you flunked the marshmallow test too, right?  

Even if I sound confrontational goldrushed2, I do not mean to be confrontational towards you in any kind of personal way, except to really attempt to highlight some of the factual dissonance contained within your post, which to some extent causes me to wonder if you have even reflected upon the contents of the factual representations of your own post? (not that I am trying to psychologically analyze you)

[Razmirraz]

Yeah dont worry mate. Just try invest when the market bottoms out in the next year or 6 months. You cant look back. I started with 3000 btc I bought for 3k USD back in 2012. All the hype never really happened and I was not into trading back then nor did btc have real charts to look at. I then managed to get around 600 btc saved in mtgox - and yep - it all got taken by MK the ultra D. The whole industry is so scammy. Then compliance now blocks all you funds if kept on an exchange. I dont ever hold I always sell at good prices and wait to get back in. I was such a believer back then but now if I'm honest I think the NSA's sha256 being used in btc is a big giveaway. CDBC would never be implementable unless crypto/btc came first. I think crypto is a plan to get everyone working digital and then the central banks can enforce CDBC on all exchanges. Compliance and KYC of crypto is ten times worse than a strict bank. Its easier to pay 30k cash in a bank then it is to deal with the BS Kraken and other exchanges ask for these days. So I am also in my own way fed up of bitcoin. Wish I had just put away 3000 btc and left it for ten years but who knew? Every up swing you get the hype boys like Keiser the CIA man manipulating demand and the price - calling 500k - it then dumps.
Hope you enjoyed my rant. Best of luck. Now you know to get in cheap and get out when prices are crazy high.

Sorry buddy, I want to give a little correction to the lengthy post you just wrote. We recommend that for long posts like this a new paragraph is made so that it is pleasing to the eye and the writing looks neat. You can see the writing style in this post although the writing is long, it is easy to read and pleasing to the eye.

Hopefully this post is not considered off topic, because my goal is only to remind each other for the good.

[zurc]

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

[ajiz138]

Sure, more could be said to OP.. but just giving some ideas.. and walking away.. if that's what you did seems pretty lame.. even though I do know that people do walk away from bitcoin by failing/refusing to get in, but with OP at least there is some experience, but he still likely has a lot to learn, and part of the learning is getting back in and establishing a reasonable, prudent and personally tailored approach. .and then putting such approach into practice...sooner rather than later.

The experience is a lesson for us, so at least don't leave bitcoin who has known the OP since 2010 I think he will know very well about the real experience compared to those of us who know bitcoin from 2014 but still survive until now how the long history cycle to bitcoin be the high price we know ATH in 2021.
I've seen a lot of suggestions in this thread for the OP to just jump to conclusions and never give up on being patient to go through this long process, but does the OP still have assets in crypto now?
Never get bored in crypto we have a lot to learn from it until now and so on.

There are also some devil into the details about how to get started in investing into bitcoin.  I used to suggest people to try to invest at least $10 per week, but in recent times, largely since March 2020, I have been suggesting $100 per week.. but of course, each person has to figure out their budget, and surely there are some folks who can ONLY do $10 per week.. and so after a decent amount of time of investing into bitcoin of perhaps a couple of years, the BTC portfolio may well start to feel as if it is getting sufficiently larger and more options come as the BTC portfolio grows.. and another aspect is that it best that investments into bitcoin have a 4-10 year or longer timeline.. . and of course, you can still invest with shorter timelines, but some of the parameters might need to change.. and even the expectations of being in profits are not going to be as clear with shorter timelines of less than 4 years...

I think that $10 is better than nothing, I conclude that as long as a long-term investment for 4 years $10 per week then generates $2,090 that I calculate in https://dcabtc.com/, then we lead to the budget that is prepared but in my opinion it's not too heavy $10 per week maybe he can try to stay in his allocation then this will be the portfolio he has even though the value is small but at least we know DCA is good than investing uncertainly or waiting for low prices is very difficult for us to do, but with $10 per week prepared then it's consistent for him.

[JayJuanGee]

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

Yeah.. but what are you doing now?

Are you remaining a bitter no coiner?

I am not recommending investing in shitcoins, but instead, start a solid plan and just start to buy bitcoin, whether you buy $100 per week, or if you cannot afford that much, then buy $10 per week, and then keep doing that for 4-10 years, and then regroup at that point.

You can also invest and learn along the way, but if you do not want to learn anything, then just treat bitcoin as a long term investment and just go on with your life and do not get too worked up about it.. and then hopefully down the road, the amount that you had invested in bitcoin will have grown.. and of course, there are no guarantees, and part of the reason for not overly investing is that you don't seem like you want to study into bitcoin further than you already have done.

[TheNineClub]

Hello everyone, today i want to tell you about my crypto-depression.

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I would say that your crypto savings did what they were intendend, and that's not geting rich but helping you in a tight situation when you had no job and neded to pay madical bills. That's way better than borowing money, so don't beat yourself up.

[Sithara007]

Interesting to read about these stories. I first invested in Bitcoin when it was trading at $600 per coin, back in 2014. The amount I invested was quite small and only around $1500 in total. But after 8 years, I am quite happy that I made that decision back then. Apart from my initial investment, I was able to earn Bitcoin from signature campaigns and freelancing. And to be honest, it changed my life. Back in 2014, I was struggling to manage my expenses. Now I am helping a number of my friends and family members.

[Luzin]

Interesting to read about these stories. I first invested in Bitcoin when it was trading at $600 per coin, back in 2014. The amount I invested was quite small and only around $1500 in total. But after 8 years, I am quite happy that I made that decision back then. Apart from my initial investment, I was able to earn Bitcoin from signature campaigns and freelancing. And to be honest, it changed my life. Back in 2014, I was struggling to manage my expenses. Now I am helping a number of my friends and family members.

I read some of the stories above. The members in the forum are mostly successful, or at least they can improve the economic situation for the better. Of course, I was overjoyed to hear that. I've known Bitcoin for only 7 years, but I still feel like I'm anchovy. 
But I'm really happy that Bitcoin helped me make ends meet. In addition, I also tried to collect some of the signature rewards I participated in. But looking for bitcoin at this time, I think it is more difficult than 4 or 5 years ago. This is because the more pairs and the more volume split on other coins, But I remain optimistic that bitcoin will have more value than its last ATH.

[salad daging]

Interesting to read about these stories. I first invested in Bitcoin when it was trading at $600 per coin, back in 2014. The amount I invested was quite small and only around $1500 in total. But after 8 years, I am quite happy that I made that decision back then. Apart from my initial investment, I was able to earn Bitcoin from signature campaigns and freelancing. And to be honest, it changed my life. Back in 2014, I was struggling to manage my expenses. Now I am helping a number of my friends and family members.

I read some of the stories above. The members in the forum are mostly successful, or at least they can improve the economic situation for the better. Of course, I was overjoyed to hear that. I've known Bitcoin for only 7 years, but I still feel like I'm anchovy. 
But I'm really happy that Bitcoin helped me make ends meet. In addition, I also tried to collect some of the signature rewards I participated in. But looking for bitcoin at this time, I think it is more difficult than 4 or 5 years ago. This is because the more pairs and the more volume split on other coins, But I remain optimistic that bitcoin will have more value than its last ATH.

I have read many sources from they have managed to change their finances for the better after getting to know crypto even they can buy the things they want because of the profits from crypto that have been made in the past few years, whether it's in trading, investing or otherwise they make finances easy. even better, but don't think of you as an anchovy but we can still make efforts to increase our profits in bitcoin, believe me we can change everything because it's not too late on this journey.

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

Yeah.. but what are you doing now?

Are you remaining a bitter no coiner?

I am not recommending investing in shitcoins, but instead, start a solid plan and just start to buy bitcoin, whether you buy $100 per week, or if you cannot afford that much, then buy $10 per week, and then keep doing that for 4-10 years, and then regroup at that point.

For me, it is a pity if there are no coins that are owned now for the future, this must be needed because there are many goals that must be achieved, regardless of how many bitcoins we have, we must be able to store them for the long term Invest long term in any way.

I think $100 per week is very hard for our people especially not having a high salary we do as little as possible as long as we can save it every week, isn't that a good suggestion from you? I always follow whatever advice is most important I understand and can do it.

[Emmanuelex]

I’m sorry about what happened to you
It kind of happens to everyone , you know
I have also had a close experience where I have missed some opportunities, but that wouldn’t be enough reason for me to quit. This is not even just an experience you have with crypto, it’s something that happens in every areas of life. But the mistake I think you made was at first when you quit your job, I always advise people not to quit their jobs because of cryptocurrency; in fact it is much safer to have two sources of income than relying on one. No matter how much you’re seeing in crypto, that shouldn’t be enough for you to quit your job. So my advice would be that you get a normal job and also continue investing in bitcoin, that way you’re sure of income from two sources. And Since bitcoin is volatile and risky, you need a stable job to balance it off
 

[Franctoshi]

I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

One thing you have to understand is that coming to this crypto industry, literally is just like a journey and everyone got it own story to tell, this your story/experience is part of the obstacle you face along the line until when you start getting things right, Therefore the little advice I have for you is learn from your past mistakes, make right investment choice by doing proper research on any project you want to invest, focus and start living in the present you will definitely get there when you will start living your dream life with Bitcoin, for this isn't the end of the journey for you.
In my own 6 years journey into Bitcoin I have lost thousands of dollars in some investment and trading too, when I was just getting to know Bitcoin but all was just part of experience to me. HODL if you need positive result, history has proven it that those who bought Bitcoin and HODL at least for the period of 4 years has profited from Bitcoin.
The bottom line is define your mission into this industry and follow it up, I believe you will have smiles in the end.

[kamvreto]

For sure all of us here had some bad experiences and some losses in crypto including myself, you are not alone had some rough times during these years pasts. I had some regret over selling my bitcoin too early during my first year in crypto because I got too excited over it . Not just bitcoin but I have some lots of alts from bounty and airdrops rewards which I sold too early as well, TWT, SOL, HEX, Synthetics and much more that it hurts myself remembering it. Though I had some rough times, still I continue to believe that my time will come for sure that crypto will change my whole life in a big way.

don't regret what you have done in the past, it will be a lesson for you that holding onto some potential assets is very necessary. If you sell it early then you should be satisfied with what you got. I also have a lot of altcoins from bounty results and several airdrops that I participate in. even i was manager in some bounties and it gave me lots of high potential tokens. we must continue to develop with more advanced thinking. a few years with crypto made me learn how to manage assets well for the future, so no regrets. crypto changes the life of anyone who is serious about crypto. what I got today started from my interest in cryptocurrencies.

[goldrushed2]

Yeah dont worry mate. Just try invest when the market bottoms out in the next year or 6 months. You cant look back. I started with 3000 btc I bought for 3k USD back in 2012. All the hype never really happened and I was not into trading back then nor did btc have real charts to look at. I then managed to get around 600 btc saved in mtgox - and yep - it all got taken by MK the ultra D. The whole industry is so scammy. Then compliance now blocks all you funds if kept on an exchange. I dont ever hold I always sell at good prices and wait to get back in. I was such a believer back then but now if I'm honest I think the NSA's sha256 being used in btc is a big giveaway. CDBC would never be implementable unless crypto/btc came first. I think crypto is a plan to get everyone working digital and then the central banks can enforce CDBC on all exchanges. Compliance and KYC of crypto is ten times worse than a strict bank. Its easier to pay 30k cash in a bank then it is to deal with the BS Kraken and other exchanges ask for these days. So I am also in my own way fed up of bitcoin. Wish I had just put away 3000 btc and left it for ten years but who knew? Every up swing you get the hype boys like Keiser the CIA man manipulating demand and the price - calling 500k - it then dumps.
Hope you enjoyed my rant. Best of luck. Now you know to get in cheap and get out when prices are crazy high.

Wow... You seem to be deluded goldrushed2.  

If what you are saying happens to be true, then you surely have some interesting facts, but it seems like you have a decently BIG ass ego, too.. .and you also seem to have some weird views of the world.. sure the world is screwed up in a lot of ways, but it seems to me that on an individual level we should be attempting to be figuring out ways to deal with such matters and to provide more options to ourselves rather than just moaning about various negative aspects of the world.. yeah.. I agree some of the negative aspects are quite irritating, frustrating and unfair many times too..

By the way having a strong ego can be dangerous for investing whether BTC or otherwise, and also dangerous when attempting to share ideas about these kinds of topics with others in a forum like this... - if you happen to actually be interested in sharing any more of your matters and views as they might relate to this thread.

Let me just point out that you had recommended getting in and out of bitcoin, but also you recognize that you had fucked up pretty BIGGEDly by getting out of all of your BTC?  That getting in and out of bitcoin approach does not seem to have worked out too well for you. unless there is some angle that you are not mentioning.. such as that you still hold some of your coins perhaps?  but from your post, I got the sense that you are a bit of a bridge burner and you do not like to hold on to things, even if they might have future value..   ..

Also, if you really had 600 coins on Gox at the time of their implosion in February 2014 and if you did not sell your claims to the various scalpers (or whatever those guys would be called?), your 600 coins would likely be a shit-ton of value right now, even if the GOX claims are likely ONLY anticipated to pay out around 15% or so?  

I cannot recall exactly what the latest anticipated payout for the GOX coins.. but the fact that you did not mention it, makes me suspect that you no longer hold the claims to those coins even though.. 600 coins in 2014 would have been around $360k ($600 per coin) on the fair market value right before the GOX implosion down to around $200 (which still would have been $120k) or whatever stupid price that MTGOX's exchange rate was stuck at (I seem to recall $190 for some reason) when they announced they were closing. and then never to reopen.. .but even if you were able to get 15% of 600 BTC, that would be 90 BTC (which would be nearly $2 million at today's BTC prices).  

I doubt that you still have claims to 600 BTC on MTGOX, since even if what you had said was true, from my little bit of information about you from your post here, you seem to be disinclined to HODLing onto anything.. and probably you flunked the marshmallow test too, right?  

Even if I sound confrontational goldrushed2, I do not mean to be confrontational towards you in any kind of personal way, except to really attempt to highlight some of the factual dissonance contained within your post, which to some extent causes me to wonder if you have even reflected upon the contents of the factual representations of your own post? (not that I am trying to psychologically analyze you)

My friend you are a btc fanboy obviously and got hurt feelings. I am not emotional but thanks for yours. Any decent asset you hold for 20 years is likely to go up in price. I did not get into too much detail was just trying to tell the guy who posted we all have had our issues. And correct I sold my Gox claim. And trade for an investment company - and no I dont believe anyones hype or cult following of crypto. Unlike yourself - cant even spell holding. Markets have cycles. Its up to you how you play it. Thanks for your essay.

[naira]

The more solid of the recommendations forward in this thread did have to do with suggesting that OP get back on the horse, and to learn from his past mistakes, and whether that is possible with OP or not, it seems to be a decent talking point in terms of anyone who might be reading this thread.. and that has to do with anyone having trepidations about bitcoin, refusal to stay invested into bitcoin and to walk away, they are likely going to have fun staying poor if they do not grow the fuck up sooner rather than later... In other words, bitcoin is likely serving as our greatest wealth transfer in history, and if anyone has doubts about these parameters (presumptions), then it would be a matter of  how much they should invest into bitcoin rather than whether to invest into bitcoin. .. and fuck shitcoins

I remember the words of advice "if time could be turned back then I will change the story of this life".

Is that what the OP wants to do? if talking regret about how crypto offers a bright future, especially Bitcoin maybe I want to go back and sell everything for Bitcoin. Life goes on as humans we will continue to progress and develop. Maybe the moment when you have everything will make your life greedy and destroy everything. So the regret process of making you appreciate the next second means a lot and we can't trade it for anything. The OP still has the opportunity to invest in Bitcoin, so do it because we recognize that Bitcoin has changed the lives of many people. I, you, and everyone here must have a story of regret.

But will that stop us from living? Of course it depends on whether someone wants to learn from mistakes or give up and consider life not as lucky as others.

The OP who considers himself unlucky is one who doesn't appreciate how life can't be exchanged for anything. Bitcoins are still available and you can buy them in small quantities. So if you can appreciate the slightest change in your Bitcoin investment, Bitcoin will one day accidentally make your life a lot better.

[dunfida]

For sure all of us here had some bad experiences and some losses in crypto including myself, you are not alone had some rough times during these years pasts. I had some regret over selling my bitcoin too early during my first year in crypto because I got too excited over it . Not just bitcoin but I have some lots of alts from bounty and airdrops rewards which I sold too early as well, TWT, SOL, HEX, Synthetics and much more that it hurts myself remembering it. Though I had some rough times, still I continue to believe that my time will come for sure that crypto will change my whole life in a big way.

don't regret what you have done in the past, it will be a lesson for you that holding onto some potential assets is very necessary. If you sell it early then you should be satisfied with what you got. I also have a lot of altcoins from bounty results and several airdrops that I participate in. even i was manager in some bounties and it gave me lots of high potential tokens. we must continue to develop with more advanced thinking. a few years with crypto made me learn how to manage assets well for the future, so no regrets. crypto changes the life of anyone who is serious about crypto. what I got today started from my interest in cryptocurrencies.

Come to think that you arent the only ones who do commit out such mistake or into that situation where you do really need to sell out those coins for the sake of the safety of your wife or loved ones.
Nothing beats out someones life over money even though this would be talking about potential million of dollars but shit do really happens which is something unavoidable.Its better to make yourself
get moved on with the past and would be focusing on the current dealing or situation of the market which you could still have the chance on making yourself to be profitable
or making money.

[AmoreJaz]

The more solid of the recommendations forward in this thread did have to do with suggesting that OP get back on the horse, and to learn from his past mistakes, and whether that is possible with OP or not, it seems to be a decent talking point in terms of anyone who might be reading this thread.. and that has to do with anyone having trepidations about bitcoin, refusal to stay invested into bitcoin and to walk away, they are likely going to have fun staying poor if they do not grow the fuck up sooner rather than later... In other words, bitcoin is likely serving as our greatest wealth transfer in history, and if anyone has doubts about these parameters (presumptions), then it would be a matter of  how much they should invest into bitcoin rather than whether to invest into bitcoin. .. and fuck shitcoins

I remember the words of advice "if time could be turned back then I will change the story of this life".

Is that what the OP wants to do? if talking regret about how crypto offers a bright future, especially Bitcoin maybe I want to go back and sell everything for Bitcoin. Life goes on as humans we will continue to progress and develop. Maybe the moment when you have everything will make your life greedy and destroy everything. So the regret process of making you appreciate the next second means a lot and we can't trade it for anything. The OP still has the opportunity to invest in Bitcoin, so do it because we recognize that Bitcoin has changed the lives of many people. I, you, and everyone here must have a story of regret.

But will that stop us from living? Of course it depends on whether someone wants to learn from mistakes or give up and consider life not as lucky as others.

The OP who considers himself unlucky is one who doesn't appreciate how life can't be exchanged for anything. Bitcoins are still available and you can buy them in small quantities. So if you can appreciate the slightest change in your Bitcoin investment, Bitcoin will one day accidentally make your life a lot better.

unfortunately, the OP couldn't change his past anymore. face the reality and the reason he sold everything was because he badly needed the money at that time. so that's the price already. everyone has that moment in his life. look forward and not backward. you will get depressed if you go back again and again. as long as you live, you have hope of getting out of your situation, but you need to do something in your life right now that can change your path to the future.

[Rigon]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

All of us who work in cryptocurrency will regret it No one is completely successful in this crypto currency. Maybe we didn't get hit as big as you and that's a big regret for our lives.If I had taken advantage of cryptocurrencies at the right time, my position would be in a very good position today. I have been working since 2016 and used to earn a lot of money from there but I can keep all my money as till now.But I saw some bitcoins in the investment as a consolation to erase all my past events from there.

[ChiBitCTy]

Bud you're in the same boat as many of us.  Countless users here have absolutely "blown through" bitcoins.  But many of has had no idea it would take off like it did even though we had all sure hoped it would get there.  You can't change the past, only the future so simply stop dwelling on the past and make positive moves forward.  Best of luck.

[Lanatsa]

Bud you're in the same boat as many of us.  Countless users here have absolutely "blown through" bitcoins.  But many of has had no idea it would take off like it did even though we had all sure hoped it would get there.  You can't change the past, only the future so simply stop dwelling on the past and make positive moves forward.  Best of luck.

Even myself do really get stressed out or really having that sad moment whenever i do remember on the times looking back if i had able to accumulate and not able to spend of the coins that i have earned on the past 5-6 years then i might be rich as of this moment or do make that big money basing on our local currency value.

I do only comfort myself and convince that past is past and there's nothing you can do but there are indeed times that regrets and frustrations could really affect you on some day.

But now its totally true that its better to focus on what lies ahead because no matter what you do there's no way that you could turn back the time.

[Peanutswar]

This is the reason why dont invest in crypto that you can't afford to lose always make an investment only the money you have as an extra and not make a full of the pot into a one basket, always manage the risk and make a market investment plan, this is cryptocurrency volatility and no one assured with the price movement. That's why to invest in your knowledge to make sure where to in and out in the market situation.

[goldrushed2]

Some good posts here. Exactly. Still money to be made in bitcoin and ethereum going forward. At a young age who knew you have to hold for ten years? We all learn a lot.

[JayJuanGee]

Hello everyone, today i want to tell you about my crypto-depression.

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I would say that your crypto savings did what they were intendend, and that's not geting rich but helping you in a tight situation when you had no job and neded to pay madical bills. That's way better than borowing money, so don't beat yourself up.

You might be correct TheNineClub in regards to OP being in a situation in which he had no other funds upon which to draw; however, I have my doubts - and largely OP failed/refused to appreciate what bitcoin was and he largely panic sold at the bottom of the market.  Of course, in October/November 2015, there was a bit of a surge in the BTC price, so it is likely that OP did not sell at the absolute bottom of that particular correction period.

Drawing from bitcoin should be the last of the investments to draw upon.. - especially when bitcoin is dipping which was largely was the case in 2015 at the time that OP sold..  so anyone creating an investment in bitcoin should be drawing upon other sources of funds first and even creating an emergency fund, too so that they do not have to draw upon bitcoin at any time other than their own choosing, and of course, if there is life and death emergency than yeah sure.. .. but OPs failure in regards to bitcoin goes much beyond an emergency situation and instead was a result of his loss of faith in bitcoin (if he had ever had any faith in it?)

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

Yeah.. but what are you doing now?

Are you remaining a bitter no coiner?

I am not recommending investing in shitcoins, but instead, start a solid plan and just start to buy bitcoin, whether you buy $100 per week, or if you cannot afford that much, then buy $10 per week, and then keep doing that for 4-10 years, and then regroup at that point.

For me, it is a pity if there are no coins that are owned now for the future, this must be needed because there are many goals that must be achieved, regardless of how many bitcoins we have, we must be able to store them for the long term Invest long term in any way.

I think $100 per week is very hard for our people especially not having a high salary we do as little as possible as long as we can save it every week, isn't that a good suggestion from you? I always follow whatever advice is most important I understand and can do it.

For sure, I do not want to mislead anyone into investing in a way that is either beyond their budget or causing them to have to struggle or to become too worried about the amount that they are regularly investing into bitcoin... so the amount that is chosen should be sufficiently low that you are not going to miss it, but sufficiently aggressive that it makes a difference.. If the first issue regarding being comfortable is not satisfied, then you should not be moving to the next issue regarding aggressiveness.

For most of my time in bitcoin from late 2013 until early 2020, I would suggest pretty much the same thing to people, which was get the fuck started with something like $10 per week... and figure out your target allocation between 1% and 10% of your total quasi-liquid investment portfolio into bitcoin, and if you are whimpy aim for the lower amount of something like 1% and if you are more aggressive aim for 10%, and I would expect that while anyone is investing into bitcoin for 1 or 2 years or even more, they should be striving to study their own situation in order to really tailor their approach to bitcoin to their own circumstances  - and I would not even expect anyone to just jump into bitcoin and have it figured out right away.. but after a decent amount of time in bitcoin they should have more and more time and opportunties to figure out their own situation and to tailorize their approach to themselves.

Since after March 2020, I have changed my recommendation and started to recommend that people aim for 1% to 25% of their quasi-liquid investment portfolio into bitcoin, and I have also started to recommend starting out with $100 per month rather than $10 per month, and I am kind of presuming a western salary or at least some kind of decent income and if you look at $100 per week, a lot of regular income folks in the west and even other locations can afford that.. .. yet don't get me wrong.. I am not unsympathetic that in some places around the world, $100 per week might be the whole salary or even more than what is earned, so I am currently just throwing out both ideas when communicating on the forum with the idea that guys have to figure out their own cashflows to figure out how to be sufficiently aggressive in their BTC allocation without being too aggressive...   

For sure, some newbie to bitcoin guys get nervous that DCA is not enough, and they need to hold some in reserve for buying on dips, and surely I have no problem with that, which might mean that the guy who is DCAing $100 per week. needs to cut back and hold some of that for buying on dips... so in that regard, I still consider DCA to be more important than buying on dips, but each of us who is in BTC accumulation stages need to be careful that we attempt to reach a balance that is comfortable for us in terms of both keeping the DCA going and also having some dry powder if the BTC price dips if we believe that might make us feel better to supplement our DCA by buying on dips... and if you do not have enough money to do both, I would surely recommend DCA over buying on dips.. but of course, that also depends on how much BTC that you have already accumulated.. If you have a decently large BTC stash, then you might end up favoring buying on dips over DCA... so in that regard, each person has to assess his/her comfortable balance in regards to whether to split, and which one to emphasize.

[edited out]

My friend you are a btc fanboy obviously and got hurt feelings.

I am not sure how you arrived at both of those conclusions from my response to your post... but yeah, BTC fanboy.. sure.. even though that sounds like a bit of a derogatory, but yes I am a pretty decently sized fan of bitcoin... not a fanatic, though.. .hahahahaha

I am not emotional but thanks for yours.

I am glad that you are not emotional.. so maybe we share something?  maybe?

Any decent asset you hold for 20 years is likely to go up in price.

Well if you define a decent asset by its having had gone up, then sure definitionally you are correct...

But don't make the mistake of considering bitcoin to be any run of the mill asset because it is quite unique, if you had not noticed.

Apparently, you had not noticed that bitcoin is a unique asset, otherwise you would NOT be attempting to lamedly argue with me on this point.

I did not get into too much detail was just trying to tell the guy who posted we all have had our issues.

We are in a public thread, so anyone can chime in, and like I mentioned in my previous post, your post brought up a lot of ideas that seemed worthy of further elaborations.

And correct I sold my Gox claim.

That's too bad, but I presumed correctly.. so that's good.

And trade for an investment company -

I was not trying to suggest that you don't have any financial experiences, yet even you likely know that there are all kinds of perspectives and approaches in regards to how any investment company or their employees or agents might approach investments.. some investment companies are more correct than others.

and no I dont believe anyones hype or cult following of crypto.

I mostly try to avoid talking about crypto.. I prefer to focus on bitcoin, but sure sometimes folks will drag conversations into non-bitcoin areas.. and if you are wanting to lump bitcoin and crypto together and to suggest that someone like me is merely propagating hype and cult-like ideas, then you likely do not really understand and/or appreciate the differences between bitcoin and crypto, surely to me it seems that folks who are able to understand and appreciate the difference are going to be much better off in terms of recognizing and appreciating what is going on in the space.. however, sure I know that there are a lot of crazy-ass ideas out there too, and it likely is going to take a decent amount of time for larger segments of the population to really be understanding and appreciating the value proposition of bitcoin as compared with the various other aspects of the space that might be considered as "crypto", and actually I am not even going to proclaim that you are technically wrong to lump them all together, but there are a lot of folks who don't understand what the fuck is going on because they think they know what bitcoin is and they just lump it into some vague-ass category and fail/refuse to see and appreciate bitcoin's value proposition for what it is, including actual factual happenings and empirical evidence.. rather than merely "hype" as you are asserting.

Unlike yourself - cant even spell holding.

I will admit there is some humor in that lil trivial dig.   

Markets have cycles. Its up to you how you play it.

Sure.  Bitcoiners have also done well who have long term invested into bitcoin, and there can be various ways that they might be able to supplement a buy and HODL (sic) strategy by selling on the way up and buying on the way down.. but people also tend to get carried away.. so frequently, trading is difficult to play for a lot of people, even though I agree with you that there can be ways to play it that might not devolve into a worse than employing some kind of a Dollar Cost Averaging (DCA) stragegy.

Thanks for your essay.

No problem.  It seems that we are here to interact on various topics... so sure it is better if I am not imposing my ideas on anyone.. but it  will also be good if we might address some of the faulty ideas too, including but not limited to my own.. if any.   

Still money to be made in bitcoin and ethereum going forward.

Don't fuck around with ethereum.. it's the shitcoin of shitcoins, and its investment thesis is largely just to facilitate the flourishing of other shitcoins (ponzi schemes and other complicated matters claiming to be innovative.. and really a Rube Goldberg machine if you really consider the matter). 

Of course, you can get in and out of that crap, but it is not a long term investment.. that's for sure.

At a young age who knew you have to hold for ten years? We all learn a lot.

Regarding bitcoin, you do not necessarily have to hold for 10 yers or longer, but surely so far the history has shown those who invest longer periods are generally better off, including if they had not sold too many too soon.. so at least holding onto a decent amount of their stash through the UPs and DOWNs of the market has proven to be a pretty decent strategy in bitcoin so far, and there is no real evidence that bitcoin is getting any worse as an investment. In fact bitcoin's investment thesis is likely getting better with the passage of time (Lindy effect), and even if there is not as much UPside potential, the downside potential is also progressing towards less riskiness too... which is one of the reasons why a lot of folks consider bitcoin to be the best of UPside asymmetric bets of a lifetime. .and especially open to everyone and anyone.. unlike some investments of the past that were not really available to normies.. including that people can buy really small amounts of bitcoin, including less than $1 at a time.. although many exchanges are increasing their limits to $5 or $10 at a time.. but we do have lightning network too that allows for very small (micro) transactions, even though we will need to concede that some of the user-friendliness can be a bit confusing for less sophisticated (or less technologically endowed) players.

[Stella Mese]

I'm sure most people would feel the same way if they were in your situation. but I don't think it's too late to start over and improve your economy through bitcoin. keep the spirit, may be given patience and fortitude.

[Chato1977]

Some good posts here. Exactly. Still money to be made in bitcoin and ethereum going forward. At a young age who knew you have to hold for ten years? We all learn a lot.

if this is our understanding from the beginning then we must all be rich by now , but suddenly only a tip of the ice berg who gets in and majority are not , most of us firstly ignore or not believe this market until they finally see how it works and what this can bring them./
now we are  all wanted to turn back time but we cannot because there is no time machine available .

[Razmirraz]

I read some of the stories above. The members in the forum are mostly successful, or at least they can improve the economic situation for the better. Of course, I was overjoyed to hear that. I've known Bitcoin for only 7 years, but I still feel like I'm anchovy. 
But I'm really happy that Bitcoin helped me make ends meet. In addition, I also tried to collect some of the signature rewards I participated in. But looking for bitcoin at this time, I think it is more difficult than 4 or 5 years ago. This is because the more pairs and the more volume split on other coins, But I remain optimistic that bitcoin will have more value than its last ATH.

There is still a long way to go, we can still do something to achieve our dreams, it's never too late because Bitcoin will continue to exist for many years to come. Bitcoin has grown over the years, from its initial appearance that has no value and is considered a meme until there are countries that adopt Bitcoin becomes legal tender.

Bitcoin can not only help you make ends meet, but it can also make it easier for anyone with a smart phone or computer to send or receive Bitcoins wherever they are.

Bitcoin is a new phenomenon that exists in the world, although not all countries can accept its presence, but the majority of the world's population is familiar with and uses the convenience of Bitcoin. The presence of Bitcoin can speed up the transaction process instantly, there is no minimum/maximum balance, and of course it can be accessed worldwide.

[goldrushed2]

Hello everyone, today i want to tell you about my crypto-depression.

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I would say that your crypto savings did what they were intendend, and that's not geting rich but helping you in a tight situation when you had no job and neded to pay madical bills. That's way better than borowing money, so don't beat yourself up.

You might be correct TheNineClub in regards to OP being in a situation in which he had no other funds upon which to draw; however, I have my doubts - and largely OP failed/refused to appreciate what bitcoin was and he largely panic sold at the bottom of the market.  Of course, in October/November 2015, there was a bit of a surge in the BTC price, so it is likely that OP did not sell at the absolute bottom of that particular correction period.

Drawing from bitcoin should be the last of the investments to draw upon.. - especially when bitcoin is dipping which was largely was the case in 2015 at the time that OP sold..  so anyone creating an investment in bitcoin should be drawing upon other sources of funds first and even creating an emergency fund, too so that they do not have to draw upon bitcoin at any time other than their own choosing, and of course, if there is life and death emergency than yeah sure.. .. but OPs failure in regards to bitcoin goes much beyond an emergency situation and instead was a result of his loss of faith in bitcoin (if he had ever had any faith in it?)

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

Yeah.. but what are you doing now?

Are you remaining a bitter no coiner?

I am not recommending investing in shitcoins, but instead, start a solid plan and just start to buy bitcoin, whether you buy $100 per week, or if you cannot afford that much, then buy $10 per week, and then keep doing that for 4-10 years, and then regroup at that point.

For me, it is a pity if there are no coins that are owned now for the future, this must be needed because there are many goals that must be achieved, regardless of how many bitcoins we have, we must be able to store them for the long term Invest long term in any way.

I think $100 per week is very hard for our people especially not having a high salary we do as little as possible as long as we can save it every week, isn't that a good suggestion from you? I always follow whatever advice is most important I understand and can do it.

For sure, I do not want to mislead anyone into investing in a way that is either beyond their budget or causing them to have to struggle or to become too worried about the amount that they are regularly investing into bitcoin... so the amount that is chosen should be sufficiently low that you are not going to miss it, but sufficiently aggressive that it makes a difference.. If the first issue regarding being comfortable is not satisfied, then you should not be moving to the next issue regarding aggressiveness.

For most of my time in bitcoin from late 2013 until early 2020, I would suggest pretty much the same thing to people, which was get the fuck started with something like $10 per week... and figure out your target allocation between 1% and 10% of your total quasi-liquid investment portfolio into bitcoin, and if you are whimpy aim for the lower amount of something like 1% and if you are more aggressive aim for 10%, and I would expect that while anyone is investing into bitcoin for 1 or 2 years or even more, they should be striving to study their own situation in order to really tailor their approach to bitcoin to their own circumstances  - and I would not even expect anyone to just jump into bitcoin and have it figured out right away.. but after a decent amount of time in bitcoin they should have more and more time and opportunties to figure out their own situation and to tailorize their approach to themselves.

Since after March 2020, I have changed my recommendation and started to recommend that people aim for 1% to 25% of their quasi-liquid investment portfolio into bitcoin, and I have also started to recommend starting out with $100 per month rather than $10 per month, and I am kind of presuming a western salary or at least some kind of decent income and if you look at $100 per week, a lot of regular income folks in the west and even other locations can afford that.. .. yet don't get me wrong.. I am not unsympathetic that in some places around the world, $100 per week might be the whole salary or even more than what is earned, so I am currently just throwing out both ideas when communicating on the forum with the idea that guys have to figure out their own cashflows to figure out how to be sufficiently aggressive in their BTC allocation without being too aggressive...  

For sure, some newbie to bitcoin guys get nervous that DCA is not enough, and they need to hold some in reserve for buying on dips, and surely I have no problem with that, which might mean that the guy who is DCAing $100 per week. needs to cut back and hold some of that for buying on dips... so in that regard, I still consider DCA to be more important than buying on dips, but each of us who is in BTC accumulation stages need to be careful that we attempt to reach a balance that is comfortable for us in terms of both keeping the DCA going and also having some dry powder if the BTC price dips if we believe that might make us feel better to supplement our DCA by buying on dips... and if you do not have enough money to do both, I would surely recommend DCA over buying on dips.. but of course, that also depends on how much BTC that you have already accumulated.. If you have a decently large BTC stash, then you might end up favoring buying on dips over DCA... so in that regard, each person has to assess his/her comfortable balance in regards to whether to split, and which one to emphasize.

[edited out]

My friend you are a btc fanboy obviously and got hurt feelings.

I am not sure how you arrived at both of those conclusions from my response to your post... but yeah, BTC fanboy.. sure.. even though that sounds like a bit of a derogatory, but yes I am a pretty decently sized fan of bitcoin... not a fanatic, though.. .hahahahaha

I am not emotional but thanks for yours.

I am glad that you are not emotional.. so maybe we share something?  maybe?

Any decent asset you hold for 20 years is likely to go up in price.

Well if you define a decent asset by its having had gone up, then sure definitionally you are correct...

But don't make the mistake of considering bitcoin to be any run of the mill asset because it is quite unique, if you had not noticed.

Apparently, you had not noticed that bitcoin is a unique asset, otherwise you would NOT be attempting to lamedly argue with me on this point.

I did not get into too much detail was just trying to tell the guy who posted we all have had our issues.

We are in a public thread, so anyone can chime in, and like I mentioned in my previous post, your post brought up a lot of ideas that seemed worthy of further elaborations.

And correct I sold my Gox claim.

That's too bad, but I presumed correctly.. so that's good.

And trade for an investment company -

I was not trying to suggest that you don't have any financial experiences, yet even you likely know that there are all kinds of perspectives and approaches in regards to how any investment company or their employees or agents might approach investments.. some investment companies are more correct than others.

and no I dont believe anyones hype or cult following of crypto.

I mostly try to avoid talking about crypto.. I prefer to focus on bitcoin, but sure sometimes folks will drag conversations into non-bitcoin areas.. and if you are wanting to lump bitcoin and crypto together and to suggest that someone like me is merely propagating hype and cult-like ideas, then you likely do not really understand and/or appreciate the differences between bitcoin and crypto, surely to me it seems that folks who are able to understand and appreciate the difference are going to be much better off in terms of recognizing and appreciating what is going on in the space.. however, sure I know that there are a lot of crazy-ass ideas out there too, and it likely is going to take a decent amount of time for larger segments of the population to really be understanding and appreciating the value proposition of bitcoin as compared with the various other aspects of the space that might be considered as "crypto", and actually I am not even going to proclaim that you are technically wrong to lump them all together, but there are a lot of folks who don't understand what the fuck is going on because they think they know what bitcoin is and they just lump it into some vague-ass category and fail/refuse to see and appreciate bitcoin's value proposition for what it is, including actual factual happenings and empirical evidence.. rather than merely "hype" as you are asserting.

Unlike yourself - cant even spell holding.

I will admit there is some humor in that lil trivial dig.  

Markets have cycles. Its up to you how you play it.

Sure.  Bitcoiners have also done well who have long term invested into bitcoin, and there can be various ways that they might be able to supplement a buy and HODL (sic) strategy by selling on the way up and buying on the way down.. but people also tend to get carried away.. so frequently, trading is difficult to play for a lot of people, even though I agree with you that there can be ways to play it that might not devolve into a worse than employing some kind of a Dollar Cost Averaging (DCA) stragegy.

Thanks for your essay.

No problem.  It seems that we are here to interact on various topics... so sure it is better if I am not imposing my ideas on anyone.. but it  will also be good if we might address some of the faulty ideas too, including but not limited to my own.. if any.  

Still money to be made in bitcoin and ethereum going forward.

Don't fuck around with ethereum.. it's the shitcoin of shitcoins, and its investment thesis is largely just to facilitate the flourishing of other shitcoins (ponzi schemes and other complicated matters claiming to be innovative.. and really a Rube Goldberg machine if you really consider the matter).  

Of course, you can get in and out of that crap, but it is not a long term investment.. that's for sure.

At a young age who knew you have to hold for ten years? We all learn a lot.

Regarding bitcoin, you do not necessarily have to hold for 10 yers or longer, but surely so far the history has shown those who invest longer periods are generally better off, including if they had not sold too many too soon.. so at least holding onto a decent amount of their stash through the UPs and DOWNs of the market has proven to be a pretty decent strategy in bitcoin so far, and there is no real evidence that bitcoin is getting any worse as an investment. In fact bitcoin's investment thesis is likely getting better with the passage of time (Lindy effect), and even if there is not as much UPside potential, the downside potential is also progressing towards less riskiness too... which is one of the reasons why a lot of folks consider bitcoin to be the best of UPside asymmetric bets of a lifetime. .and especially open to everyone and anyone.. unlike some investments of the past that were not really available to normies.. including that people can buy really small amounts of bitcoin, including less than $1 at a time.. although many exchanges are increasing their limits to $5 or $10 at a time.. but we do have lightning network too that allows for very small (micro) transactions, even though we will need to concede that some of the user-friendliness can be a bit confusing for less sophisticated (or less technologically endowed) players.

You are not Michael Saylor are you? My investments are not really your business. You seem butt hurt a lot. Not sure why. I sold my Gox claim for btc and sold that btc at 60k. Not bought back in yet.

[Republikcoin.com]

Some good posts here. Exactly. Still money to be made in bitcoin and ethereum going forward. At a young age who knew you have to hold for ten years? We all learn a lot.

Indeed no one expected to last that long in the past. But for now I don't even look at Ethereum for my choice other than Bitcoin, because the opportunity to have Bitcoin at low prices in large quantities is this year. Although next year there will still be another decline, but I am more sure that Bitcoin and the crypto space will get even better in the future and regret for everyone who ignores the opportunity will always be there.

[goldrushed2]

Sounds like a good plan to me buddy.

[bitzizzix]

If you remember bitcoin's journey, I think many people regret not being able to make the most of that time, but the past can't go back. And for another reason because bitcoin is not easy to predict and only long term can give such great results.
we can start from now and hope time can repeat itself and even though the price is now very expensive we can buy it gradually with every drop and buy according to our ability, bitcoin is a future that has the potential to bring good and happiness on future journeys. So it's never too late to repeat the past because the future is long and most likely the past will repeat itself and don't waste it.
and many people do not believe in the magic of bitcoin and even those who used to hate or distrust it are more devastated and regret it more.

[rby]

Op, your experience is painful. And believe me many people are going with bounch of such stories but they either decided to hold it to themselves or they have gone over it but life goes on still.
I have my own stories and likewise majority of early adopters. Not all believed bitcoin but bitcoin proved many wrong. If you said you sold you btc, I wouldn't blame you because btc is supposed to be a currency for buying and selling. But your mining facilities though. But you can forget about your friends class and replan yourself.

[darkangel11]

Bud you're in the same boat as many of us.  Countless users here have absolutely "blown through" bitcoins.  But many of has had no idea it would take off like it did even though we had all sure hoped it would get there.  You can't change the past, only the future so simply stop dwelling on the past and make positive moves forward.  Best of luck.

At least he has a story to share. Many people lost money in a stupid way. They drank it all away, spent on women, bought cars and crashed them, that hurts even more than selling bitcoin before the price went up.

You never know what's going to happen and your perspective can change many times over a period of time. Those who sold in 2021 when the price went to 30k thought they're doing the right thing. Then they regretted it when we reached 70k. Then not regretted it anymore when we went to 18k and in a year they'll probably regret it again when we go above 30k.

[KennyR]

Similar hidden stories are found with number of forum users. Nothing gonna happen on remembering it, for that reason everyone keeps moving god have got different plan for us. No worries opportunity missed is always missed, next time we'll get it through some other means. We need to know it is N opportunity and make use of it.

Atleast here it is about bitcoin in small number compared to the persons losing in thousands secured on hard drives.

[JayJuanGee]

[edited out]

You are not Michael Saylor are you?

Of course not.  I have my own story, and largely you can see my story at various points in my posting history on the forum.

For sure, Saylor has his own and interesting story, and even though he is a relatively newbie to bitcoin, he picked up on bitcoin quite quickly, and even started to engage in a lot of efforts to publicly talk about what he and his company were doing in regards to bitcoin.  Some aspects of his strategies are similar to my own, but surely some of them are a bit more aggressive than what mine have been historically, and I have  been somewhat critical of some of his strategies, while at the same time attempting to recognize and appreciate that each of us tailor our strategies to our own situations - including that some people choose not to really get involved in bitcoin in spite of knowing about it, and surely a lot of people seem to believe that they know way more about bitcoin than they actually do.

My investments are not really your business.

Of course, we are posting in a public thread, so you can choose how much you disclose - and what kinds of topics that you bring up (or with what kinds of information you provide).

You seem butt hurt a lot. Not sure why.

Maybe I "seem butt hurt" because you are imagining such a thing?

Maybe you are "not sure why"  because you are imagining such a thing?

I sold my Gox claim for btc and sold that btc at 60k. Not bought back in yet.

Why are you telling me about your "investments" if they are "none of my business?"  

Did you want to tell me more, or just tell me about the parts that you feel worked out well for you, so far?

You seem to consider this as a kind of competition, and I would suggest that each of us should be attempting to tailor our approach to our own circumstances, and there is not necessarily an objectively better way of managing one's investment portfolio - but there are likely some practices that are better than others in terms of attempting to balance how to attempt to reach financial and psychological objectives...

Some folks are going to be more practiced in terms of weighing their various personal factors, and I will just repeat for the sake of clarity that each of us whether an individual, institution or even a government that gets involved into investing into bitcoin should at least attempt to account for:  cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

....many people do not believe in the magic of bitcoin and even those who used to hate or distrust it are more devastated and regret it more.

You are correct bitzizzix that a certain level of bitterness seems to develop from people who did not invest in bitcoin, under invested in bitcoin and/or sold too many too early.

It is not an easy thing to overcome because so many folks in those kinds of categories have psychological difficulties to buy at prices that are higher than earlier and/or higher than prices that they had sold.

One of the best remedies towards getting over those psychological difficulties is some form of DCA strategy and long term approach... because lump sum investing is too scary for them and seems to lure them into a gambling mentality... and also a mentality that focuses too much on short term profits/losses - that inhibit the better options of just continuing to accumulate on an ongoing basis.. DCA is best and buying on dips is the second best, but they first have to get over their psychological hurdle and just get the fuck started to even be able to overcome their seemingly reasonable difficulties of getting back in (or just getting in and getting in sufficiently aggressively with perhaps a whimpy start.. but a whimpy start is likely better than failing/refusing to act).

[milewilda]

When you are on of the early adopters.Then those Bitcoins you possessed or owned on that time might;

1. Sold early
2. Lost Hardrive/ Lost wallet
3. Hacked/Scammed

You would really be having the feeling of regret if you do compare those early years prices to now
where we do really able to see on how high it do able to reach out but since there's no way on predicting or knowing the future
then lets just accept the fact that we do missed out a big opportunity on getting rich but its not the end of the world.

[ajiz138]

One of the best remedies towards getting over those psychological difficulties is some form of DCA strategy and long term approach... because lump sum investing is too scary for them and seems to lure them into a gambling mentality... and also a mentality that focuses too much on short term profits/losses - that inhibit the better options of just continuing to accumulate on an ongoing basis.. DCA is best and buying on dips is the second best, but they first have to get over their psychological hurdle and just get the fuck started to even be able to overcome their seemingly reasonable difficulties of getting back in (or just getting in and getting in sufficiently aggressively with perhaps a whimpy start.. but a whimpy start is likely better than failing/refusing to act).

This is what I still do not with DCA, I choose the option to buy when the price is down maybe for you this is the second option but I'm good enough to do like this I don't know what the name of the strategy is because everyone knows buying when it's down is a good choice for increase bitcoin as long as you can buy it.

But I'm a little interested in talking about DCA from you because I haven't started it yet so I want to know about this strategy, maybe some people have started a long time ago a few years before the price went up high, even if I start now it's still worth it?
I will consider the allocation if possible, weekly, biweekly or once a month, the important thing is that the bitcoin income into the portfolio is there every month to be accumulated.
But it seems I have to think psychologically for this, because after all I have BTC proceeds from buying when it was low.

[goldrushed2]

What happens when all bitcoin are mined and demand peaks? Will the price still go up? Always wondered about this scenario.
What I find amazing and crazy is all the companies like celsius and 3arrows who made bets as if they were listening to that keiser chap. Or even Saylor.
The losses they have made is spectacular.
Imagine if you had listened to Saylor and put a million in at 40 or 60k - right now you would not be impressed or happy.

[goldrushed2]

[edited out]

You are not Michael Saylor are you?

Missing

I guess you are one of those programmer types who is really into bitcoin. Thats fair enough. I lost a lot with bitcoin from early years to hacking, and all sorts. I am no longer that into it as I was before - its been ten years. Gox was the main exchange once and I thought the eastern european Bistamp would hack me not the Japanese. It turns out the Japanese was Mr Karpeles who eats bitcoin. Lost my life savings.

I do think btc promotes hoarding, and what would be perfect is something that can not be stolen, or seen by the government. I also feel the biggest reason the Fed allow btc to continue is due to the fact they can see every transaction on the ledger. If every crypto was without public ledger - highly likely they would all have been banned. It's basically auto compliance reported by the ledger. I no longer feel bitcoin or crypto is perfect in that regard.

[JayJuanGee]

One of the best remedies towards getting over those psychological difficulties is some form of DCA strategy and long term approach... because lump sum investing is too scary for them and seems to lure them into a gambling mentality... and also a mentality that focuses too much on short term profits/losses - that inhibit the better options of just continuing to accumulate on an ongoing basis.. DCA is best and buying on dips is the second best, but they first have to get over their psychological hurdle and just get the fuck started to even be able to overcome their seemingly reasonable difficulties of getting back in (or just getting in and getting in sufficiently aggressively with perhaps a whimpy start.. but a whimpy start is likely better than failing/refusing to act).

This is what I still do not with DCA, I choose the option to buy when the price is down maybe for you this is the second option but I'm good enough to do like this I don't know what the name of the strategy is because everyone knows buying when it's down is a good choice for increase bitcoin as long as you can buy it.
But it seems I have to think psychologically for this, because after all I have BTC proceeds from buying when it was low.

Of course, there is nothing wrong with tailoring your BTC accumulation strategy to your own situation, and it is likely much better to do so.  One of the reasons that I continue harp upon DCA as the best of strategies is because it can help to get newbies started right away, and it is also a very good strategy for people who have been in bitcoin for a long time but just do not want to spend a lot of time trying to figure out what to do in terms of buying on dip or lump sum investing, and it is also amongst the better ways to NOT run out of cash because the DCA strategy should be applied in amounts that fit with the budget of the BTC accumulator and maybe tweaked from time to time when cashflow changes happen or other relevant changes happen in personal circumstances.

It can take a whole hell of a lot of time to merely figure out what would be a good DCA amount and frequency, because ultimately NO one should be investing in bitcoin or anything else if they have not sufficiently figured out their personal circumstances, including how much extra cash that they have available on monthly basis to be able to invest in bitcoin or anything else.

Don't get me wrong, I am asserting that it is a very important thing for every investor to figure out their personal circumstances prior to investing anything, but at the same time, I am not proclaiming that the perfect should be the enemy of the good, and so many times there will be situations in which a person can get started investing in bitcoin right away prior to figuring out their personal details... and so DCA would be good with those kinds of situations too.. and in the meantime as they get started investing some amount that they can ballparkedly assess to be ok..  they can adjust their amount and their strategy later after they get a chance to figure out their finances a bit better, and at the same time, figuring out personal financial circumstances is likely an ongoing thing that can be learned, applied and tweaked on a regular basis.  I have been doing it for more than 30 years, and I am still learning how to do it better and to make various adjustments from time to time.

Regarding your point about preferring buying on dips, there can be some truth that buying on dips works out better for you, and maybe that has to do with your having had already accumulated some BTC and so you are feeling less urgency (or maybe flexibility is a better way of saying it) in reaching various accumulation goals that you have.  For sure one of the risks of attempting to be too smart in trying to time the dips is that sometimes the dips that you expect to happen do not happen, and then you might get fucked because you are holding on to way more fiat than you would have had preferred to be holding onto.

As long as you know the trade offs in regards to waiting for dips, then there is no problem with your continuing to prioritize such buying on dips approach.

Another way to deal with the dilemma is to set various maximum holding of fiat thresholds, and that would most likely depend on your circumstances - including how many BTC you have already accumulated - but you could say to yourself that you will hold up to $5k for buying on dips and if you accumulate more than $5k, then you are going to buy with that extra amount.  So then at that point, you will be attempting to take into account that if the BTC price goes up rather than down, you may well still be holding that $5k and the price might never come back down, and you can consider for yourself if that would be an amount that you would be o.k. to keep in fiat.. in the event that the price never comes back down.

You can likely appreciate from my example that each of us are likely to establish different price amounts that we might be willing to hold depending on how much BTC that we already have accumulated, how much BTC we have already bought within a certain price range in which we still might be moving, and including considering each of the other individual factors that I had already mentioned and will likely be different for each of us.  In other words, there is no exact correct answer, but there might be some balances and tradeoffs that are smarter than others... and those are within the discretion of each of is to figure if we have done enough work on strategizing what we are going to do on a regular basis versus what are we going to do if the BTC price goes up or down.

But I'm a little interested in talking about DCA from you because I haven't started it yet so I want to know about this strategy, maybe some people have started a long time ago a few years before the price went up high, even if I start now it's still worth it?

I looked at your forum registration date and you have been registered on the forum for nearly as long as me.

Accordingly, it is not easy to answer the question for you more than my attempting to provide some examples, and you are surely free to share some of your circumstances (you do not need to give any exact numbers that disclose a lot of personal details, and you can also present a kind of hypothetical person too), and if we work with some details then it might be easier to attempt to describe some of the tradeoffs - because surely the strategy that a person who has been into bitcoin for a while might be different from a newbie, but sometimes some people who have been into bitcoin for a long time have failed/refused to sufficiently and adequately focus on their BTC accumulation strategy, so sometimes guys/gals in those situations may well be better served by attempting to employ a strategy that is more like they are a newbie because they have not been very successful in terms of accumulating a meaningful and substantial BTC stash that even feels like enough for their own perceptions of their circumstances.

We could create a hypothetical person to discuss, and we can use round numbers.  If we say that the hypothetical person had $100k quasi-liquid investment portfolio, and then the question might be what is the target level to have in BTC? 

Prior to March 2020, I used to suggest having 1% to 10% in BTC, but after March 2020, I started to recommend aiming to have 1% to 25% in BTC, but you still have to choose a specific number that you want to shoot for depending on if you are whimpy about bitcoin or you are bullish about bitcoin, and if you are whimpy then you would shoot for the lower end of the range and if you are bullish about bitcoin, then you would shoot for reaching the higher end of the range.

When I got into bitcoin in late 2013, I had not really figured out what my BTC target accumulation was going to be, but after I was into BTC for about a year, by late 2014, I figured out that my target level was going to be 10%, so I largely met my 10% target by late 2014, yet if you might recall, the price of BTC was pretty damned low throughout 2015, so by the time the end of 2015 came, I had ended up continuing to buy BTC and I ended up reaching something like a 13.5% BTC allocation level in terms of my then total quasi-liquid investment portfolio.  Once I reached my target, my strategies changed, so there sometimes can be difficulties for guys to either get to their BTC accumulation target level, and then maybe there still might be some need to change their target level goal in order to tailorize their BTC accumulation target level to their own situation that they might perceive themself as being quite a bit more informed about their own situation after they had gotten close to or surpassed their first goal.. so once they reach their first goal, they end up rethinking their goal and to start to believe that maybe their goal should be something different than what it had previously been.

I will consider the allocation if possible, weekly, biweekly or once a month, the important thing is that the bitcoin income into the portfolio is there every month to be accumulated.

There are a couple of things that I do that seem to be helpful on this point.  First, I have had a tendency to project my cashflows out a couple of years in advance on an Excel spreadsheet, so I can see how much much money I have available for investing into bitcoin on a monthly basis.  Second, when I first got into bitcoin in late 2013, I had given myself a 6 month budget that was a certain amount of money, and I divided that amount by 26 in order to give myself a weekly allowance.  Each week I tried to strategize buying on dips, but if I had not spent the whole amount of my allowance by the end of the week, then I would just buy at whatever price just to make sure that I spent that allowance amount for the week.

During my spare time for those first six months, I tried to study the application of my own strategy, and also to study happenings in bitcoin, and when the end of the first 6 months started coming close, I pretty much authorized myself a similar sized budget for the subsequent 6 months... and so by the time the end of the second six months came, that's when I figured out that my target was going to be 10%, even though I ended up going up to 13.5%-ish by the end of 2015.   I made some other changes to my BTC approach in mid-to-late 2015 too, but those mid-to-late 2015 changes to my BTC approach had to do with my having had already been studying the matter (and my own particulars) for more than a year and a half...
 

But it seems I have to think psychologically for this, because after all I have BTC proceeds from buying when it was low.

Yes.. your approach will surely need to be modified in order to attempt to account for your particulars including but not limited to how many BTC you had already accumulated, and also considering what kinds of targets that you would like to reach.  Perhaps the psychology will kind of take care of itself if you establish a solid plan, but I will assure you that there are frequently going to be situations in which there are uncertainties regarding how to make sure that you are attempting to address both the financial matters and the psychology too.

I believe that I have learned NOT to panic as easily as I had previously, and I believe that I have been fairly successful in that direction, but still there can be circumstances in which BTC price performance (including various extremes) can end up testing your psychology and even realizing that if you reassess the situation and change some of your planned strategies, then you will feel a lot better...  For example, this last time around, after BTC price dropped below $35k in early May-ish, it seems that I had to readjust my plans at leas 5-6 times, and usually (in recent times) I do not tend to change my plans very frequently, but BTC prices ended up going down way further beyond extremes points that many of us expected (including yours truly). 

One of the risks, and maybe even stressful points of being involved in investing in such a volatile asset like BTC does end up having to go through extremes, and figuring out whether the plan that is already in place is sufficient, or if tweaks might need to be made in order to help financially, and/or psychologically.

[Ben Barubal]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

First of all, I am sorry for the sad and bad experience you faced here when you entered the cryptocurrency industry. And you also put out quite a lot of investment when you started here, and everything you put out ended up in nothing. 15 bitcoins is too much amount right now if I calculate the price of bitcoin currently. A little, it's depressing, but still, cheer yourself up, I believe that all bad experiences have a good reward in the end. And from what I see in you, you will overcome this test in your life.

[JayJuanGee]

What happens when all bitcoin are mined and demand peaks? Will the price still go up? Always wondered about this scenario.

Aren't we getting so much beyond the topic of this thread?

Sure we can outline reasons why normies (and even not normies) are going to end up losing confidence in bitcoin's long term sustainability, and surely there are quite a few responses to this.. and of course, the responses are somewhat speculative, too.

I have frequently found that attempts to focus on base case scenarios tend to be way better then getting caught upon thousands of "what ifs?"  It seems far from prudent to be holding off on investing into bitcoin because we are worried about one "what if?" or another "what if?" that are likely fringe scenarios at best....

So the possibility that a lot of weird ass negative things could end up happening to bitcoin should contributed to how much to invest into bitcoin rather than negating investing into bitcoin.

Maybe we can use Armaggaedon as an example?  If you proclaim that there are 10% odds that armaggaedon could happen in the next 10 years, then you better not be putting more than 10% preparations into that... You are crazy if you put 20%, 50% or even 80% preparations into a scenario that you believe to have 10% odds

Of course, people are not necessarily going to agree on the odds, either.  Maybe I assign 1% odds and you assign 20% odds?  and so our investment should be attempted to tailor to our own views rather than the views of someone else.

All the bitcoins will be mined by around 2140, so your problem of running out of mined bitcoins does not really seem very urgent, and there are also theories regarding how to deal with it, but some of those theories are not even going to be very applicable until getting closer to seeing how the facts (and the whole system evolves in the next 50 years or more)..  We are still a bit less than 14 years into this bitcoin system going live, so a lot of aspects are still developing, even though bitcoin continues to largely be built upon its foundations, but there have been on the top developments, such as lightning network and other aspects in which incentives can be affected, and we cannot try to resolve incentives nearly 120 years down the road with any degree of specificity  even though there are possibilities that fee markets can continue to evolve in which the mostly existing bitcoin system can keep going without any major changes, even if mining rewards are completely dependent on fees rather than mining rewards as they have existed so far and are gradually reducing every 4 years to get us to the point that we will be in 120years from now..

What I find amazing and crazy is all the companies like celsius and 3arrows who made bets as if they were listening to that keiser chap. Or even Saylor.

They were going beyond Keiser and Saylor and some of the stuff they were doing were pure scams.. so you seem to be making pretty bad comparisons if we were to want to actually attempt to get into details about what was going on.

The losses they have made is spectacular.
Imagine if you had listened to Saylor and put a million in at 40 or 60k - right now you would not be impressed or happy.

Saylor is doing o.k.  You better try to tailor to your own approach rather than blanketly listening to someone who has different circumstances than you.

[edited out]

You are not Michael Saylor are you?

Missing

I guess you are one of those programmer types who is really into bitcoin. Thats fair enough.

I am not very technically sophisticated, so I still have some difficulties with some of the technical aspects.. including programing.. though I do like to see some of the technical discussions, but it usually does not take very long before they go over my head.

I lost a lot with bitcoin from early years to hacking, and all sorts.

I lost coins to hacks and other ways too, including some issues with exchanges, and it seems that the longer that we are into bitcoin, then we are likely to have had come across some of these kinds of situations.. especially if we end up wanting to get involved in some of the bitcoin ecosystem beyond merely stashing coins into cold storage.. and even some guys lose coins in cold storage because they might make systems that are too complicated for their own recovery.  Being your own bank is not always an easy road forward.

Another common mistake is getting distracted into shitcoins, and I tend to be pretty vocal in terms of trying to avoid that, so in that regard, I mostly try to stay away from the shitcoin discussions - even though it seems inevitable that many of us will get exposed to that nonsense merely be being in the space. .and there is also a lot of convoluted mixing up of bitcoin and shitcoins because many shitcoins do that on purpose to pump their coins, but also there are likely powers that be (institutions and governments and even those stupid-ass venture capitalists who are pumping and dumping onto retail) who also engage in such purposeful convolution of the bitcoin topic.

I am no longer that into it as I was before - its been ten years. Gox was the main exchange once and I thought the eastern european Bistamp would hack me not the Japanese. It turns out the Japanese was Mr Karpeles who eats bitcoin. Lost my life savings.

Karpeles was probably not an evil person, but he did end up biting off a lot more than he could chew.. so it was a bit of a mess and still continues to linger.. like a bit of a black shadow, but it is also still a decently large part of bitcoin's history to attempt to learn from those kinds of matters... even though some folks learn in more personal ways than others.

I do think btc promotes hoarding, and what would be perfect is something that can not be stolen, or seen by the government.

I don't know how you can get anything much more perfect than bitcoin.  I mean it is what it is, and it is amazing if you really try to understand what it aimed to do and what it is doing, even after nearly 14 years in existence.

There is still nothing that even comes close to bitcoin in terms of an ability to decentrally hold value and to pretty much be able to send it anywhere in the world without anyone being able to do shit about it.  Sure, there are technical aspects that are pretty complicated, and there are even user-interface matters that continue to be complicated, even after nearly 14 years of existence...

I like to try to appreciate matters for what they are rather than what I wished them to be, so if we look at bitcoin and we attempt to understand it and to work with it for what it is, then what are we going to do?  buy some or refrain from buying any?  I think that everyone should at least buy a bit.. and be whimpy 1% of your investment portfolio.. and forget about it, even though DCAing would be better, but you can choose your amount. $100 per week or $10 per week or some other amount.. and then in the beginning maybe holding what you have on exchanges is acceptable, but yeah it can be kind of risky too if something like Celsius, Voyager or one of the others goes belly up.. then you are fucked... or at least quite likely to be fucked... and even some bitcoiners got caught up in the Tera/Luna/Do Kwan bullshit too.. because they thought that bitcoin's built in pumpamentals was not enough.. hahahahhaha.. they wanted to earn yield.. fuck that.. they wanted 4%, 8%.. 12%.. 20%?.. .. Yeah, the lower yield levels seem more possible, but if you invested in Voyager and got 4%, then Voyager claimed that they were being prudent with your money, and they sent 58% of all assets in their possession to 3AC without getting any collateral from 3AC, which amounted to about $640million dllars on a personl loan to 3AC because Voyager wanted to earn 20% while they were paying their clients 4%.. scammy as fuck and some of those guys should be in jail even though they are lawyered up to the brim.

So, yeah we should attempt to realize that it is better to attempt to hold our own keys (at least the majority of our own keys), and realize that any third party may well be gambling with your funds  if you leave your funds with them.

You better be careful if you presume bitcoin to be broken merely because there were rich ass fucktwats gambling with it and gambling with client's money, and in the end, both innocent and guilty folks got purged from their coins, and they were even double accounting for quite a few of coins that they did not even have.  People who hold their own keys suffered BTC price depreciation based on the gambling of others, but what's going to happen from here?  Bitcoin could go up or it could go down, but still seems like a good investment to me.. even if it might go down some more for a period of time.. but it might not as well.  You gotta figure out your allocation, and it seems that having some allocation is better than having none.. but the level of your allocation and the whether of your getting involved remains your choice.

I also feel the biggest reason the Fed allow btc to continue is due to the fact they can see every transaction on the ledger.

It's like a Trojan horse no?  Can they stop you from sending a million to Iran or to North Korea?  I am not advocating the breaking of any laws.. I am just asking a question.  What if you use lightning network?  What if you have a lot of small transactions are they going to be able to keep track of all of your purchases like credit cards?   And, really do you think that the Fed has much of a choice in terms of game theory?  What if they "did not allow" bitcoin to continue to exist?  What do you think would happen?

Yes, the "Fed" might play that "you no longer exist" card, but I doubt that it would go very well for them, and that is why they have to engage in more passive-aggressive divide and conquer behaviors... .. so does that mean you buy some or you stay out of it?  That's your choice.

If every crypto was without public ledger - highly likely they would all have been banned.

You sound mixed up here.

The only reason any other crypto exists, beyond bitcoin is because bitcoin is a difficult nut to crack.  Bitcoin is the only threat to the status quo or the powers that be, and not all the powers that be believe bitcoin is a threat, and some of the powers that be believe that it would be better to have bitcoin... so it is not an open and closed case, for sure.

It's basically auto compliance reported by the ledger. I no longer feel bitcoin or crypto is perfect in that regard.

Fuck crypto.. who gives any shits about that?

Focus on bitcoin..

By the way, regarding your point about bitcoin's design choice to be public, there is a lot of rationale that bitcoin gains a quite a bit of its credibility because everyone (or anyone) has the ability to verify what the fuck is going and to verify every single satoshi that exists.  They can do such verification with about $200 in hardware.   Pretty powerful, don't you think?  

You might want to get some, in case it catches on.. hahahahahahaha

[goldrushed2]

I dont believe these things in the world of finance are by chance buddy. I doubt CBDC thought oh bitcoin what a great idea lets do something similar.
Digital things can reduce cost, and are much easier to manage and control. Bitcoin is great I still have a soft spot from the days of buying at 1USD on Gox.
But have you read CBDC whitepapers? Seen how Chinas CBDC operates?

[lucates]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Many of my friends shared their stories like calculated or affordable losses and gains. But for the first time, I heard a life-changing experience. Maybe because we started only a few years ago, but early adopter like you definitely it's a turning point. And I hope, after all, these experiences and knowledge will make you a millionaire one day. Best wishes

[8rch7]

I am very sure that if you have entered the crypto world for a long time, it is certain that your life is now starting to improve, even though you are not a millionaire but at least you have managed to make your family happy and can enjoy the results you get from bitcoin, but if you feel lost because you don't sell it when the price was high in 2017, I don't think it's the biggest regret, because we don't know what will happen in the future, I personally think the most meaningful thing you can get from bitcoin is a very valuable experience, don't never regret what has happened and try to get up to create opportunities in the future, because now many other coins have appeared.

[Rehan Zakir]

It's a bad luck for you brother. But don't worry there are lot of opportunities available in market to get huge profit. If you invest 1000$ in a altcoin and it's price become 100x then your 1000$ becomes 100,000. I already know lot of coins that gives these types of massive profits. So, there are lot of opportunities you just need to find that.
So, don't upset and start your journey in crypto market from today with a mission to become millionaire

[JayJuanGee]

I dont believe these things in the world of finance are by chance buddy. I doubt CBDC thought oh bitcoin what a great idea lets do something similar.
Digital things can reduce cost, and are much easier to manage and control. Bitcoin is great I still have a soft spot from the days of buying at 1USD on Gox.
But have you read CBDC whitepapers? Seen how Chinas CBDC operates?

I get the impression that you are quite easily distracted into various fringe cases that keep you from figuring out your bitcoin allocation to be something greater than zero and your investment timeline in regards to bitcoin to be something greater than short term trading.

Yes, CBDCs are likely another one of the many reactions to bitcoin, and they are truly quite different from bitcoin... if you were to happen to understand bitcoin...

Sure, you can reminisce on the good ole days of cheaper BTC prices, whether referring to $1 BTC or some other lower price that is unlikely to return, and maybe even having some personal understandings of historical BTC price moves can contribute towards your being more informed about current bitcoin happenings - even though in your case, I question the extent to which you actually appreciate the power of bitcoin including its current investment use case instead of seeming to be ongoingly afraid to establish some kind of meaningful long term stake in it.

Ultimately it is up to you what to do, including others who may be similarly situated to you in terms of their seemingly ongoing hesitant psychology around bitcoin.

Sure maybe if you went from 600-ish BTC in 2014-ish to zero in present, and you are proclaiming that 600 BTC at that time was a decently large portion of your networth or the value of your total investment portfolio, then it may well be quite difficult to get back to anything close to 600 BTC - and maybe similarly with OP proclaiming to to have sold all of his then 15 BTC in late 2015 - which at most might have been near $7,500 for all of them ($500 x 15).

At the same time, many of us who have been in bitcoin for a decently long period of time can appreciate that historically even a relatively modest ongoing investment into bitcoin could have allowed for a decent amount of BTC accumulation - even something as low as $10 per week could have gotten someone like you around a 4.5 BTC accumulation based on $4,440 invested if we go from late February 2014 (When Gox collapsed) to present, and OP could have accumulated about 1.3 BTC based on $3,400 invested if he had started investing $10 week starting in late February 2016 (after he might have realized that he sold too much of his BTC to soon) to present.  Of course, a more aggressive approach (but still relatively modest for some folks) of investing $100 per week would have caused the accumulating of 10x more BTC of 45 BTC for you (costing $44,400) and 13 BTC for OP (costing $34,000) respectively, and even if neither of you were able to get back to your prior levels of BTC accumulation, each of you would still have had been decently advantaged by employing such an ongoing BTC accumulation approach (or some variation of such that might be more appropriate to your personal financial situation).  

One good thing about DCA is that you should be able to reduce the negative aspects (the reservations) of the psychological component by choosing a DCA amount that is something sufficiently low that you would not necessarily miss it... but then at the same time, since both of you do seem to have fucked-up psychological problems, you may well end up having regrets that you had not invested enough.. hahahahahaha... damned if you do, and damned if you don't.. especially if you are ongoingly experiencing fucked-up psychological problems in which you always see the glass as half-full no matter what happens..

It's a bad luck for you brother. But don't worry there are lot of opportunities available in market to get huge profit. If you invest 1000$ in a altcoin and it's price become 100x then your 1000$ becomes 100,000. I already know lot of coins that gives these types of massive profits. So, there are lot of opportunities you just need to find that.
So, don't upset and start your journey in crypto market from today with a mission to become millionaire

Don't fuck around with shitcoins.. it is a BIG ASS waste of time.

Stick with bitcoin, and develop a solid plan around with bitcoin without getting caught up in the bullshit pump and dump distracting gambling scams that may or may not work... fuck that shit.. stick with a more solid long term investment platform and plan, such as investing in bitcoin thinking of both the upside and downside and at the same time not having to worry about when to get in and out.. just get in.. and get started and create a modest or an somewhat aggressive plan, reassess along the way and 4-10 years (or maybe longer) you might start considering cashing some of them out or just continuing to let the investment ride depending on your investment timeline considerations.

[aquafinewater]

I have not too much experience in crypto market but according to to my experience never invest in shit coin I,m also  lost my money in these coin always choose top coin like Bitcoin etc .. because investment in these coin never gone ...... To zero

[goldrushed2]

Im confused - does bitcoin use cryptography or not? Am I allowed to call it crypto?

[goldrushed2]

Yeah stick with high liquidity is safest so bitcoin and eth. Got my eye on one new ICO though.

[goldrushed2]

i sent a lot of btc once to someone and the network wanted extortionate fees - i just put standard fee - it took 30 days to confirm. that was back in around 2017 at xmas. by the time the chap got my transfer the coin was worth 30% less at least. bummer hey.

[JayJuanGee]

Im confused - does bitcoin use cryptography or not? Am I allowed to call it crypto?

Don't be confused.

Don't use vague and amorphous terms.

If you are talking about bitcoin, then use the word bitcoin.

If you are talking about something else, then use the appropriate word and/or the appropriate descriptors.

Crypto is a vague and amorphous term in which frequently readers are not going to know what the fuck you are talking about and perhaps even suspect that you do not know what the fuck you are talking about because you fail/refuse to specify in regards to what topic you are wanting to speak.

By the way, when we talk about bitcoin, are we talking about cryptography? or are we talking about something else?  I don't understand why you would want to continue to use a term (such as crypto to amorphously talk about a topic) that you believe is descriptive, when it is actually misleading in the context that you are using it, and then you want to suggest that there is some kind of profound reason for using that vague-ass dumb term.

Another thing that you may or may not have noticed is that a whole hell of a lot of shitcoins, including but not limited to the shitcoin of shitcoins, aka ethereum, put out dumb talking points in which they try to suggest that they are somehow similar to bitcoin but just of another variation and blah blah blah nonsense that seems to purposefully confuse people in terms of what is being discussed and distracts folks from sufficiently/adequately understanding what is bitcoin.  Are you one of those folks who want to purposefully confuse folks?  and maybe to pump some nonsense like ethereum as if it were some kind of similar product.. blah blah blah.. even governments and financial institutions seem to love the fuck out of ethereum and they usually will speak in vague-ass nonsense terms and even fail refuse (maybe they are afraid) to use the actual word bitcoin... and maybe they fail/refuse to use the term bitcoin because they have hardly any clue about what bitcoin actually is.. are you one of those folks?

Yeah stick with high liquidity is safest so bitcoin and eth. Got my eye on one new ICO though.

Fuck eth.

Of course, you are equating bitcoin and eth based on liquidity, and sure liquidity is part of the package for sure, and maybe even more important for short term analysis.... .. but whatever, do what you like.  That's your choice.

i sent a lot of btc once to someone and the network wanted extortionate fees - i just put standard fee - it took 30 days to confirm. that was back in around 2017 at xmas. by the time the chap got my transfer the coin was worth 30% less at least. bummer hey.

Yes.. there was a spam attack on the bitcoin network that lasted about two months.. maybe even a bit longer that was pretty much all of December 2017 and all of January 2018.. There's more going on in bitcoin rather than merely a period of time in which there were high fees, and there is also fluctuation in bitcoin fees, too.. but a lot disingenuine BIG blocker nutjobs (bitcoin naysayers, deluded twats and other shitcoin pumpers) like to bring up that period of Bitcoin high fees as if it was reflective of bitcoin - even though it is reflective of a period and a kind of battle that was going on in the space at that time... and a battle that largely did not stop completely (especially since the information is still used by the butt hurt twats.. because largely bitcoin won that battle, even though the butt hurt twats like to continue to bring it up as if it were a negative and representative bitcoin attribute).

[goldrushed2]

LTC on Gox! Remember that one 

[goldrushed2]

In traditional markets a longterm depression is forecast. Commodities though will show resilience. I am not emotionally attached to any asset. Just highlighting we can all have big eff ups but opportunity will be there. I hope you all do well.

[ajiz138]

Of course, there is nothing wrong with tailoring your BTC accumulation strategy to your own situation, and it is likely much better to do so.  One of the reasons that I continue harp upon DCA as the best of strategies is because it can help to get newbies started right away, and it is also a very good strategy for people who have been in bitcoin for a long time but just do not want to spend a lot of time trying to figure out what to do in terms of buying on dip or lump sum investing, and it is also amongst the better ways to NOT run out of cash because the DCA strategy should be applied in amounts that fit with the budget of the BTC accumulator and maybe tweaked from time to time when cashflow changes happen or other relevant changes happen in personal circumstances.

Yes it was an adjustment I bought when it dip some time ago and until now still doing it will still I want more to save BTC in any way including the DCA strategy, maybe I have known for a long time about this but I don't feel how this can be done accumulated with my finances but if I have agreed to it, it means that I am ready in the sense that the DCA strategy is carried out and buying Dips is still valid for my investment then this is a little impressive, isn't it? Regarding my finances, of course there are adjustments in the sense that I have to be able to do this and try it.

I looked at your forum registration date and you have been registered on the forum for nearly as long as me.

I've been on this forum for a long time, but I haven't been active for several years for personal reasons, while investing in bitcoin I never forget and I do it every time I have money.
My portfolio is still holding up despite being inactive here.

There are a couple of things that I do that seem to be helpful on this point.  First, I have had a tendency to project my cashflows out a couple of years in advance on an Excel spreadsheet, so I can see how much much money I have available for investing into bitcoin on a monthly basis.  Second, when I first got into bitcoin in late 2013, I had given myself a 6 month budget that was a certain amount of money, and I divided that amount by 26 in order to give myself a weekly allowance.  Each week I tried to strategize buying on dips, but if I had not spent the whole amount of my allowance by the end of the week, then I would just buy at whatever price just to make sure that I spent that allowance amount for the week.

Notes in Excel spreadsheets are important, when I start investing in bitcoin I always record it there, for example I bought bitcoin at a price of $24,655 on Sunday so I never go through this because it is important to know the money invested every month and can accumulate the average value of his purchases to make it easier.
But the record is still lacking in 1 year but I still keep it.

I believe that I have learned NOT to panic as easily as I had previously, and I believe that I have been fairly successful in that direction, but still there can be circumstances in which BTC price performance (including various extremes) can end up testing your psychology and even realizing that if you reassess the situation and change some of your planned strategies, then you will feel a lot better...  For example, this last time around, after BTC price dropped below $35k in early May-ish, it seems that I had to readjust my plans at leas 5-6 times, and usually (in recent times) I do not tend to change my plans very frequently, but BTC prices ended up going down way further beyond extremes points that many of us expected (including yours truly). 

For this I am also the same when I buy high suddenly the price drops I don't feel panic anymore I tend to be more persistent and don't see the market or any news but I always see history that bitcoin can rise again.
Psychologically it is important for adjustment to realize that we can get through when the period of increase comes, here I only see when the price goes down that I return to the market again.

[goldrushed2]

I just shorted bitcoin. Only joking. But maybe who knows.......

[JayJuanGee]

Of course, there is nothing wrong with tailoring your BTC accumulation strategy to your own situation, and it is likely much better to do so.  One of the reasons that I continue harp upon DCA as the best of strategies is because it can help to get newbies started right away, and it is also a very good strategy for people who have been in bitcoin for a long time but just do not want to spend a lot of time trying to figure out what to do in terms of buying on dip or lump sum investing, and it is also amongst the better ways to NOT run out of cash because the DCA strategy should be applied in amounts that fit with the budget of the BTC accumulator and maybe tweaked from time to time when cashflow changes happen or other relevant changes happen in personal circumstances.

Yes it was an adjustment I bought when it dip some time ago and until now still doing it will still I want more to save BTC in any way including the DCA strategy, maybe I have known for a long time about this but I don't feel how this can be done accumulated with my finances but if I have agreed to it, it means that I am ready in the sense that the DCA strategy is carried out and buying Dips is still valid for my investment then this is a little impressive, isn't it? Regarding my finances, of course there are adjustments in the sense that I have to be able to do this and try it.

Of course lump sum is going to do better if the price goes up and does not go back down, and it will also do better if you have some kind of idea that the price is going to go down, but I would wager that an overwhelming majority of us really do not know, and after the fact sometimes we might end up kicking ourselves as if we "should have known" but the fact of the matter is that we really cannot know BTC price direction with any meaningful degree of certainty.

So, even if you were to take portfolios of people who are trying to time the price versus those who DCA, you are likely going to get better performance with the DCA.. and even if you believe that you can beat a regular DCA approach, you have to account for your time too.. and in that regard, sure you might consider that it is fun to practice figuring out the BTC price movement in order to time the dips, if any, but you can still play around with attempting to buy the dips while DCAing at the same time... You would just not be using your whole budget for buying dips, merely a fraction of your budget would be used for buying dips.. and you can determine how much of a fraction you would like that to be - even if you appreciate that maybe it is better to not be wasting too much of your time and just make yourself buy regularly. .and maybe hold back on over stragetizing and/or over thinking the matter..

I looked at your forum registration date and you have been registered on the forum for nearly as long as me.

I've been on this forum for a long time, but I haven't been active for several years for personal reasons, while investing in bitcoin I never forget and I do it every time I have money.
My portfolio is still holding up despite being inactive here.

Well, if we consider that you could have employed a DCA strategy throughout that time, and even invested a relatively small amount of $10 per week for the past 8 years which would have added up to about $4,180 invested, and would have gotten you nearly 4 BTC, and of course, if you had been able to take a bit more of an aggressive stance, then you could have invested 10x that amount at $100 per week and you would have invested $41,800 and would have gotten about 40 BTC during that same time.  So DCA can be very powerful, even with relatively modest amounts invested on an ongoing and regular basis.

There are a couple of things that I do that seem to be helpful on this point.  First, I have had a tendency to project my cashflows out a couple of years in advance on an Excel spreadsheet, so I can see how much much money I have available for investing into bitcoin on a monthly basis.  Second, when I first got into bitcoin in late 2013, I had given myself a 6 month budget that was a certain amount of money, and I divided that amount by 26 in order to give myself a weekly allowance.  Each week I tried to strategize buying on dips, but if I had not spent the whole amount of my allowance by the end of the week, then I would just buy at whatever price just to make sure that I spent that allowance amount for the week.

Notes in Excel spreadsheets are important, when I start investing in bitcoin I always record it there, for example I bought bitcoin at a price of $24,655 on Sunday so I never go through this because it is important to know the money invested every month and can accumulate the average value of his purchases to make it easier.
But the record is still lacking in 1 year but I still keep it.

For sure, Excel can be used in very powerful ways to keep track and also to attempt to project various future scenarios including attempting to plan various strategies that might work decently well and to account for various alternative scenarios and to figure out if the strategy might need to be tweaked at certain time points if it can be determined that one scenario direction might be playing out versus another scenario direction.. and you can surely also get something directionally correct, but then not really be sure about the time frame for it to play out or the magnitude in which it might play out within certain time parameters that you have highlighted for yourself.

I have a thread in which I had gone over various kinds of timeline scenarios, and of course, my frameworks do not comprehend all possibilities, but it fleshes out some of the techniques that I attempt to employ and shows some of my ways of thinking about long term investing in bitcoin.

I believe that I have learned NOT to panic as easily as I had previously, and I believe that I have been fairly successful in that direction, but still there can be circumstances in which BTC price performance (including various extremes) can end up testing your psychology and even realizing that if you reassess the situation and change some of your planned strategies, then you will feel a lot better...  For example, this last time around, after BTC price dropped below $35k in early May-ish, it seems that I had to readjust my plans at leas 5-6 times, and usually (in recent times) I do not tend to change my plans very frequently, but BTC prices ended up going down way further beyond extremes points that many of us expected (including yours truly). 

For this I am also the same when I buy high suddenly the price drops I don't feel panic anymore I tend to be more persistent and don't see the market or any news but I always see history that bitcoin can rise again.
Psychologically it is important for adjustment to realize that we can get through when the period of increase comes, here I only see when the price goes down that I return to the market again.

For sure there are a variety of ways to attempt to play the BTC price moves, even when they go against your expectations, which could merely be having some extra cash available to buy more, of if you have run out of cash then maybe to wait out the correction period as you suggested, and surely some of us who have some cashflow might still be able to benefit from BTC price corrections that go beyond our expectations because maybe ever two weeks or so we are able to get more money and be able to buy more BTC with a portion of our pay that we may have allocated for such buying of BTC purposes.

[ajiz138]

So, even if you were to take portfolios of people who are trying to time the price versus those who DCA, you are likely going to get better performance with the DCA.. and even if you believe that you can beat a regular DCA approach, you have to account for your time too.. and in that regard, sure you might consider that it is fun to practice figuring out the BTC price movement in order to time the dips, if any, but you can still play around with attempting to buy the dips while DCAing at the same time... You would just not be using your whole budget for buying dips, merely a fraction of your budget would be used for buying dips.. and you can determine how much of a fraction you would like that to be - even if you appreciate that maybe it is better to not be wasting too much of your time and just make yourself buy regularly. .and maybe hold back on over stragetizing and/or over thinking the matter..

Actually I want to balanced it like that not all money has to buy dips but with DCA at the same time I want to do that and do it full time so that my expenses are balanced by determining two directions of concurrent investment between dips and DCA.
Maybe I should reset how this can be run at the same time because I want both to run maybe the expenses can be tried to be as regular as possible.

Well, if we consider that you could have employed a DCA strategy throughout that time, and even invested a relatively small amount of $10 per week for the past 8 years which would have added up to about $4,180 invested, and would have gotten you nearly 4 BTC, and of course, if you had been able to take a bit more of an aggressive stance, then you could have invested 10x that amount at $100 per week and you would have invested $41,800 and would have gotten about 40 BTC during that same time.  So DCA can be very powerful, even with relatively modest amounts invested on an ongoing and regular basis.

The calculation is quite reasonable for me because after I tried it with the calculator there is indeed a good thing for this DCA, as you suggest $10 as a small value and added with an aggressive attitude with an additional 5x or 10x additional capital every week then the amount will be big for a certain period, then with this DCA for a few years I will get a few more BTC, wow this is really what I want, but everything of course takes struggle right?
If DCA is in the way by me then I have to be strong.

I have a thread

I will study this thread, and read in more detail, it is very interesting for me to read and explore the outline of bitcoin investment.

For sure, Excel can be used in very powerful ways to keep track and also to attempt to project various future scenarios including attempting to plan various strategies that might work decently well and to account for various alternative scenarios and to figure out if the strategy might need to be tweaked at certain time points if it can be determined that one scenario direction might be playing out versus another scenario direction.. and you can surely also get something directionally correct, but then not really be sure about the time frame for it to play out or the magnitude in which it might play out within certain time parameters that you have highlighted for yourself.

To make it easier for me if I project in an Excel Spreadsheet so anything I track in the future is pretty straightforward, so these notes are important for whatever scenario I run.
If there is no Excel, I may not know the results and expenses and income so far, so I will also definitely get a definite direction in every purchase of his records.
Not only I may many people take notes in Excel.

[Jeger.Kiting]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

There are so many people like you out there, because in the past, searching for Bitcoins was very easy and there were many free sites to get Bitcoins. many people think that Bitcoin does not have a good future and will not develop, therefore many people throw away Bitcoin by selling it or buying an item using Bitcoin. So the point is don't be too sorry, just think of this as a very valuable lesson and experience to be taught to the next generation so that they can appreciate an item or anything so that it is not wasted and must be protected, who knows in the future it will become more valuable.

[JayJuanGee]

So, even if you were to take portfolios of people who are trying to time the price versus those who DCA, you are likely going to get better performance with the DCA.. and even if you believe that you can beat a regular DCA approach, you have to account for your time too.. and in that regard, sure you might consider that it is fun to practice figuring out the BTC price movement in order to time the dips, if any, but you can still play around with attempting to buy the dips while DCAing at the same time... You would just not be using your whole budget for buying dips, merely a fraction of your budget would be used for buying dips.. and you can determine how much of a fraction you would like that to be - even if you appreciate that maybe it is better to not be wasting too much of your time and just make yourself buy regularly. .and maybe hold back on over stragetizing and/or over thinking the matter..

Actually I want to balanced it like that not all money has to buy dips but with DCA at the same time I want to do that and do it full time so that my expenses are balanced by determining two directions of concurrent investment between dips and DCA.
Maybe I should reset how this can be run at the same time because I want both to run maybe the expenses can be tried to be as regular as possible.

Historically, I have attempted to use some kind of an example of a budget that would use round numbers.  Of course, if you are not brand new to bitcoin, then the example will NOT apply exactly in the same way, but you can still get the idea from it.  

So let's say that Hypothetical 1 (bitcoin newbie) wants to project his/her BTC buying budget over 6 months, so s/he projects his spare cash and how much cash that s/he has coming in, and s/he finds that s/he has $3k in cash available and has about $500 per month coming in, so the total available for the 6 months is $6k.  If the person is a newbie, s/he may well want to divide the $6k into three parts.  The first part $2k is to buy BTC right way, and the remainder of the $4k would be divided between DCA and buying on dips.  The DCA portion is $2k, so it is divided by 26, and it would amount to about $77 per week, and the strategizing for the remainder portion ($2k in this example) might have to do with trying to figure out how far down on that you want to structure buy orders  what kinds of increments and how much per increment.  If you were to buy $200 per increment, then you could create 10 buy orders - Maybe  $500 apart, between $19,500 ish and $14,500-ish.  Of course, you can choose whatever increments that you want if you want the buy orders to go down to a lower price or if you want to spend your whole stash by $18k because you believe that the BTC price is not going to go lower than that.

Since you established your expected budget, you can also have a system for dealing with any new money that might come in during that six months that was not expected, and you can divide any such new money in terms of buying on dips, lump sum buying or plugging it into your DCA amounts.

Well, if we consider that you could have employed a DCA strategy throughout that time, and even invested a relatively small amount of $10 per week for the past 8 years which would have added up to about $4,180 invested, and would have gotten you nearly 4 BTC, and of course, if you had been able to take a bit more of an aggressive stance, then you could have invested 10x that amount at $100 per week and you would have invested $41,800 and would have gotten about 40 BTC during that same time.  So DCA can be very powerful, even with relatively modest amounts invested on an ongoing and regular basis.

The calculation is quite reasonable for me because after I tried it with the calculator there is indeed a good thing for this DCA, as you suggest $10 as a small value and added with an aggressive attitude with an additional 5x or 10x additional capital every week then the amount will be big for a certain period, then with this DCA for a few years I will get a few more BTC, wow this is really what I want, but everything of course takes struggle right?
If DCA is in the way by me then I have to be strong.

Going through the whole process is not necessarily easy, and it sometimes can feel as if you are not making any progress.. and for sure there are no guarantees that you are going to come out ahead in the long term - even though bitcoin still seems to be amongst the best of asymmetric upside bets that is available to normies to be able to invest whatever amount of value is reasonable and prudent (and still sufficiently aggressive for your own circumstances).  You do not want to end up in a position in which you overly spend your dollars and then you have an emergency and you have to cash out some or all of your BTC at a time that is anything other than your complete choosing, and that is perhaps part of the reason that you should want to set a sufficiently long timeline into the future  such as 4-10 years or more and just keep building through that whole time with a kind of potential confidence that you are making a reasonable investment.. . and sure at the same time you can continue to study bitcoin and monitor bitcoin and attempt to figure out if its investment thesis is getting undermined during that time or not.  We have frequently seen bitcoin have negative price performance, while at the same time bitcoin's investment thesis is continuing to get stronger...even though at the same time there are a lot of negative comments about it and whining and all kinds of bullshit to attempt to trick the BTC accumulators out of their coins and out of their long term strategies to accumulate BTC with prudent and personally tailored approach.

So you should not be investing $100 per week if it may well be much safer for you to do $10 per week or maybe even some amount in the middle.. such as $30 or $65 or $77.. you gotta find an amount that is not going to overly stress you but at the same time give you enough of a regular purchasing amount that you feel that you are making progress and you are not being too whimpy in your approach in that you will feel regretful about it later.

I am not saying it is easy to figure it out, and I am not saying that it is easy to ongoingly tweak without overly thinking the matter, but it is also likely that the longer that you practice, even with smaller amounts, you will better get to know the proper balance amount and you can increase the amounts as you get more and more used to making the various adjustments in your budget, whether it is cash coming in or monitoring your regular expenses.

I have a thread

I will study this thread, and read in more detail, it is very interesting for me to read and explore the outline of bitcoin investment.

Yes.. you can post questions, comments or other input in that thread too.  I sometimes get a bit wordy in my responses, and then sometimes I am working on some other ideas too... or maybe some of the BTC price predictions that are within that thread are older so they might not be exactly correct for now, but such price prediction outlines were made at certain times and I attempt to assign probabilities that are based on what is going on in bitcoin at the time that I made the posts.. so for example, if I am talking about BTC price dynamics I might ONLY focus on one price direction at a time, depending on what is happening.. even though for sure, my personal BTC portfolio (and perhaps other investments) is always attempting to be structured to prepare for either price direction in regards to my main focuses on the BTC/USD pair... and even extreme price movements that might happen in BTC.. which surely we do get those extreme price movements in Bitcoin on a seemingly regular basis (it is almost one of the things in bitcoin most guaranteed.. volatility .. but not always clear about which direction or how far in one price direction or another).

For sure, Excel can be used in very powerful ways to keep track and also to attempt to project various future scenarios including attempting to plan various strategies that might work decently well and to account for various alternative scenarios and to figure out if the strategy might need to be tweaked at certain time points if it can be determined that one scenario direction might be playing out versus another scenario direction.. and you can surely also get something directionally correct, but then not really be sure about the time frame for it to play out or the magnitude in which it might play out within certain time parameters that you have highlighted for yourself.

To make it easier for me if I project in an Excel Spreadsheet so anything I track in the future is pretty straightforward, so these notes are important for whatever scenario I run.
If there is no Excel, I may not know the results and expenses and income so far, so I will also definitely get a definite direction in every purchase of his records.
Not only I may many people take notes in Excel.

You can self teach yourself to design whatever price projections that you like, and Excel can be very powerful for more complex projections and also can be used for more basic projections too.. so yeah, you can keep older copies as well, or even link your various work sheets, too.

[wiss19]

I think you are saying that the moral of this story is to borrow money and not sell your crypto possessions because they might make you rich in the future but the problem is that we don't know what the future holds and for some, the present time is still much more important so what you did there is not really wrong. Plus, borrowing money imo is not really a good idea especially if you know that you still have something.

You don't have anything left but at least you aren't stuck in debts which could give your more stress. More important is that don't compare yourself to other people because you will only feel miserable if you do. Just think about that god might have a better plan for you.

[Bitstar_coin]

The majority of us investors' biggest problems is a lack of patience and understanding, honestly, it is one thing to have the money to invest and another to fully understand what you are getting into and have the mindset to be willing to wait as long as it takes to see results.
I have a similar experience which i will be sharing someday (not with btc though). Your problem was you were not patient enough and understand how big an opportunity btc was back then to change your financial status. Many people also suffer the same faith as yours, some were lucky enough to hold for one reason or the other.
The sad part is, those GPUs will cost twice or more than what you bought them for back in those days, and mining is not as profitable as it use to be, buying btc even at this current price is quite high, 15 btc now is a lot of money. I can feel your frustration.

[krishnaverma]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Sorry for your loss. We all had done these type of mistakes where we did not hold the bitcoin or other crypto for long.

But there are still many opportunities with crypto. If you buy bitcoin and keep it with you for next 10 years, still there is scope for larger profit. Similar opportunities are there is the filed of other crypto coins and NFTs. 

[budi691]

maybe this is one of many stories about losing Bitcoin in the past, and regretting what happened to Bitcoin today,
from the many stories I read and learn, the value of bitcoin is constantly increasing, it is better to make long term investments, and if there is no essential need in life, it is better to hold and sell when you have had enough.

[gabbie2010]

I also play with 15 btc on dices sites when it was low so? i am not depressed by that.
it's happened. I didn't expect it to skyrocket to 50k.
there are more ways to make money than Crypto

I have passed more than 5 years on crypto at the beginning i also have found some dice roll site ans few gambling as well but i didn't play those game cause i got in mind that bitcoin has a value in future. Now really its have a real value which has changed my whole life. I think it was my luck that i did hold it.

I also threw away some decent bitcoin on dice gambling when I was newly into crypto, I think it was Yobit exchange where a gambler can role a dice to win some coins, blindly and sadly I was gambling away with some valuable amount of bitcoin hoping to win big unfortunately lost some decent coins, it's unfortunate the OP that had passed through some appalling condition now regreting which actually beyond his control, if majorities of early adopters of bitcoin knew it value is going to skyrocketed later none of them would have sold their coins, the buyer of pizza wouldn't throw away his bitcoin for a cheap thing, please move on "when there is life there is hope".

[goldrushed2]

Bull year?? Its a bear market. Something needs to have real utility or use. Promises that take 10 years +? Low cap coins are easily manipulated in price with a few buys. NFTs and most alts are rubbish. Who uses doge? All speculation. Bitcoin and crypto been around a long time but nobody really using it for much more than speculation. Why would I use btc to transact, when opening exchange accounts they want a photo print of your butt. Worst KYC processes ever seen. Plus we prefer to hoard and sell at big profits or people use on darknet.

For many in society the use of crypto is not a real requirement. People tend to go back to gold and silver when countries are unstable. You may even have power outages. Internet outages. I dont see crypto backed by anything but a digital algorithm. Yes its a great digital concept but its not helping anyone apart from we holding and selling at high prices. Its for profits. And biggest holders go online and tell us to hold.

[JayJuanGee]

I think you are saying that the moral of this story is to borrow money and not sell your crypto possessions because they might make you rich in the future but the problem is that we don't know what the future holds and for some, the present time is still much more important so what you did there is not really wrong. Plus, borrowing money imo is not really a good idea especially if you know that you still have something.

Who was saying to borrow money?  and we are not talking about "crypto" here, we are talking about bitcoin.

OP said that he sold all of his bitcoin in 2015, and he is having regrets, but he decided to just quit and to proclaim himself as a loser who missed out.

So far, we are not talking about borrowing money.  You brought up that topic and proclaimed that we were talking about borrowing money to buy bitcoin when we were not talking about that in this thread.

You don't have anything left but at least you aren't stuck in debts which could give your more stress.

No one was talking about borrowing money, until you brought it up.. that's a different topic. 

More important is that don't compare yourself to other people because you will only feel miserable if you do. Just think about that god might have a better plan for you.

That's a fair point regarding not comparing yourself to others, but OP just decided to NOT do shit.. to abandon bitcoin and then he saw that his peers were doing better than him financially, so he feels that he screwed up and he feels that it is too late to do anything about it.. so if he wants to perceive himself as a loser, then I suppose that is his choice.

Alternatively, he could create a bitcoin-related plan and attempt to follow it.  Yet, again it is his choice about what he wants to do, just like it is the choice of the rest of us about what we want to do... Each person can choose in the present regarding how they want to deal with situations/choices that they made that they perceive had not gone well from them in the past...and they can choose whether to give up or to figure out some kind of strategy forward.. that may or may not involve borrowing money to buy bitcoin, but we had not been really talking about borrowing money until you brought it up.

But there are still many opportunities with crypto. If you buy bitcoin and keep it with you for next 10 years, still there is scope for larger profit. Similar opportunities are there is the filed of other crypto coins and NFTs. 

Don't fuck around with shitcoins, including NFTs. They are  not the same thing as bitcoin.

People tend to go back to gold and silver when countries are unstable.

Bitcoin is likely around 1,000x more valuable and useful than gold - yet it may well take more than 100 or even 200 years for bitcoin to get to that market cap, even though currently bitcoin is about 1/20 of gold's market cap.

Sure, you can put value in gold and silver, but they are likely ONLY preparing you for an Armageddon like scenario, which I would have my doubts about how high the odds of such a scenario - maybe 5% at best?.. but hey, you can invest as you like and allocate as you like, even though bitcoin likely replaces gold's use case, monetary usage and various other monetary properties at least 1,000x more powerful in terms of portability, verifiability, divisibility and the ability to self store it without incurring so many third party risks, including cost of having third parties hold it which also get in the way of the efficiencies in actually possessing gold versus bitcoin.  So yeah, you, Peter Schiff and others are likely going to continue to lose if you really believe that gold is going to perform even close to as well as bitcoin in the next 5-10 years, and you can even look at bitcoin's performance in the last 5-10 years to see similar levels of past results that are likely going to continue with bitcoin as a better asset class than either gold or silver (and gold surely is better than silver, too)... and yeah, of course, it is your choice to allocate into gold.. if that's what you choose and to fail/refuse to sufficiently and/or adequately allocate into bitcoin because you have a lot of nonsense ideas in your head in terms of bitcoin being less tangible and that people on the interwebs are trying to pump it.. and all that kind of baloney when the fact is that you are seeming to continue to even want to recognize bitcoin's investment thesis (and your own long term allocation into it) as a matter of how much rather than if.

[goldrushed2]

My name is Michael Saylor, i own a lot of bitcoin at an average price of 22k usd, can you buy in pls. i need my investment to appreciate.

[spectre71]

It could be 5 bucks then would he be winner?

I've lost 250k investing in a weed farm (dumbest idea ever), 500k in one divorce and 100k in another. Such is life it's on me to make better decisions.

But you have your wife. If you lost the one you love and loved you none of that would mean anything. You would cash in the world to have her.

8/26 6 years ago I lost the love of my life, completely changed my perspective on what really matters. Bitcoin? pfft.

[mindrust]

Always be future looking like the markets.

What’s done is done. You could have, you would have, should have done that, done this… but you didn’t. However you are still alive and hopefully you’ll still have many years ahead which means you can still do a lot of things for your future.

Instead of whining like a little girlie and wasting you precious time, maybe you should start doing what is necessary to be done.

You don’t even necessarily need to invest in crypto. It is not the only game in town. Real estate, stocks, bonds, commodities, forex, gambling (not recommended), starting your own start-up, having a high paying job, educating yourself… any of these may help you with reaching your dream life.

[bitzizzix]

maybe this is one of many stories about losing Bitcoin in the past, and regretting what happened to Bitcoin today,
from the many stories I read and learn, the value of bitcoin is constantly increasing, it is better to make long term investments, and if there is no essential need in life, it is better to hold and sell when you have had enough.

Everything has passed. And those who regret will be motivated and not waste it again in the future, because bitcoin still has a very long way to go that will most likely continue to improve.
indeed holding it for the long term is a very good option, but it would be better if you buy every drop to make a purchase or do a DCA to grow its holdings so that in the future or when the price goes up high you will get bigger profits, even make you rich .
regretting what happened without changing it or not planning for the best is pointless, and we all know the traces of bitcoin's ups and downs that eventually bounce back and continue to climb higher.
And most importantly have strong patience and also don't panic which will produce satisfying results.

[qwertyup23]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Unfortunately, your story is not unique OP but I do share my sympathy with you.

There people who also lost countless of opportunities due to the volatility and unpredictability of the price of BTC in the market. There are even HODLers who also missed the opportunity of selling their BTCs at a rate favorable to them. Lastly, majority of us who started late in BTC also missed the chance of purchasing some BTCs while its price is relatively low on the market.

While I do sympathize with you OP, you should always keep your head high and focus on the next opportunity. The fact that you still know that BTCs exists creates this opportunity for you to recover and regain momentum.

[rby]

maybe this is one of many stories about losing Bitcoin in the past, and regretting what happened to Bitcoin today,
from the many stories I read and learn, the value of bitcoin is constantly increasing, it is better to make long term investments, and if there is no essential need in life, it is better to hold and sell when you have had enough.

Everything has passed. And those who regret will be motivated and not waste it again in the future, because bitcoin still has a very long way to go that will most likely continue to improve.
indeed holding it for the long term is a very good option, but it would be better if you buy every drop to make a purchase or do a DCA to grow its holdings so that in the future or when the price goes up high you will get bigger profits, even make you rich .
regretting what happened without changing it or not planning for the best is pointless, and we all know the traces of bitcoin's ups and downs that eventually bounce back and continue to climb higher.
And most importantly have strong patience and also don't panic which will produce satisfying results.

The life is full of regrets. If you hear about an opportunity and refuse to invest and the opportunity turns out to be good, you will regret. If you also hear and opportunity and invest and the opportunity is scam you will regret. If you bought bitcoin with small money when you had big money then, you will regret. If you bought with big money and sold them all because you don't trust yhe system, you will regret. That is life and we have to take it that way.

[abel1337]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Move on pal! You aren't the only one missed the opportunity and messed everything up. There are many horror crypto stories out there and I can relate to it as well. I moved on a long time ago and I am happy accumulating and earning some bitcoin into my portfolio. This isn't the end and definitely not too late to start over again. You trust cryptocurrency long time ago and why not try to regain that trust again and start over. Time cannot be reversed but opportunities keep coming up.

[Captain Corporate]

Honestly I am pretty much in the same boat with OP give or take. I worked in a lot of different jobs in crypto since 2014, and even though I didn't invested at the time, I earned a lot, I earned over 50 bitcoins selling gunbot at the time but bitcoin was like under 10k most of the time, and I got them like in 100-200 dollars patches most of the time. So all in all, I could have owned tens of millions of dollars if I didn't spend them. Yet I had to live and at the time I had to sell all of them in order to survive and not starve to death. 50 bitcoins "may" sound a lot to you know, but they were sold in between of 1k to 10k, meaning if you put it over 4 years, thats actually not a lot of money at all.

[goldrushed2]

https://www.youtube.com/watch?v=95Kmj3tKCow

[2stout]

This is a rather unfortunate break and I empathize.  But do know that we are still very early in the Bitcoin timeline and that you can still secure a seat at the table and set up for the future.  Things may take just a little longer due to your past setbacks but Best of luck to you.

[goldrushed2]

https://www.youtube.com/watch?v=1_VwtHcfefg

[JayJuanGee]

Always be future looking like the markets.

What’s done is done. You could have, you would have, should have done that, done this… but you didn’t. However you are still alive and hopefully you’ll still have many years ahead which means you can still do a lot of things for your future.

Instead of whining like a little girlie and wasting you precious time, maybe you should start doing what is necessary to be done.

You don’t even necessarily need to invest in crypto. It is not the only game in town. Real estate, stocks, bonds, commodities, forex, gambling (not recommended), starting your own start-up, having a high paying job, educating yourself… any of these may help you with reaching your dream life.

Let's not get too distracted in terms of devolving into talk about shitcoins, so let's just try to stick with bitcoin for now.

Sure, I can concede that there are other investments out there besides bitcoin - however, this topic relates to OP deciding to sell all of his bitcoin in late 2015 and then fail/refuse to get back in.  I think the topic relates to whether or not OP (or someone like him) should get back into bitcoin, and if so how much to get back into bitcoin? 

Let's not lose the topic.

What do you say?  should he stay on zero and go and invest in all of those other things, or does bitcoin have a possible place in his investment package?

You and I already know (and we have been around the block long enough) to realize that there is likely something special about bitcoin; however, you also might be suffering from the same issue as OP and also the same issue that goldrushed2 seems to be suffering.  Sure each of you likely seem to appreciate bitcoin in your own ways, but you seem to also share issues about getting distracted into investing in other assets (perhaps shitty assets?) as well.

What's your bitcoin focus and what is going to be your bitcoin allocation and accumulation strategy?  Do you have some amounts that you would like to aim to accumulate that is somewhat personally tailored?  and how long are you going to take to reach your accumulation targets (if you are even bullish enough about bitcoin to even appreciate that there is value is creating a BTC accumulation strategy whether it is somewhere between 1% and 25% of your total investment portfolio or some other way that you might have to frame your accumulation target level.

So, let's not get distracted.  Do you agree with some of OPs latest posts in which he seems to be complaining about his mistake and then just walking away from bitcoin completely?  Do you agree it is a better strategy just to invest in something else in the event that there is too much seeming psychological pressures to buy BTC?  as you seem to be suggesting?  One of the psychological barriers that OP seems to struggle with (and it is shared with a lot of folks who sell too much BTC too soon), they seem to have psychological difficulties (barriers) in buying BTC at a price that is inevitably going to be higher than the latest sales of the BTC.. and for OP that is $500.. and if he keeps waiting for prices to go lower than his sales price, it is almost impossible to get there.. just like it might well not be very likely that we are going to get prices lower than our current prices ($19,600-ish) or even $17,593 (the local low from June 17) or to get as low as various prices below $13k or so that some people seem to be expecting but may well not happen..

So if some of those lower BTC prices may or may not end up happening, there should still be ways to develop strategies to buy and accumulate BTC in ways that are prudent and reasonable for the buyer, especially if we are considering being able to hold the investment for 4-10 years or more into the future?  do we do $100 per week? or maybe even a more slimmed down budget of $10 per week so that we do not end up panicking or having psychological pressures about it? 

You, yourself, likely realize that psychological pressures of over investing, and so I am not even disagreeing that goals to alleviate or to minimize psychological pressures are not bad goals to have - but I will think that it is way the fuck better to get the fuck off of zero (we are talking about BTC here not shitcoins and not other investments that can be made). so let's focus regarding how much to do and what kinds of strategies to employ to build up the BTC levels in such a way that does not cause too many psychological pressures.. Can you work with that framework mindrust?  Are you able?  OP seems to have given up, and goldrushed2 seem to have gone into disingenuine mode with his various  suggestions that there are issues with bitcoin.. but still should largely ONLY get us to how much to invest rather than NOT investing into bitcoin.

maybe this is one of many stories about losing Bitcoin in the past, and regretting what happened to Bitcoin today,
from the many stories I read and learn, the value of bitcoin is constantly increasing, it is better to make long term investments, and if there is no essential need in life, it is better to hold and sell when you have had enough.

Everything has passed. And those who regret will be motivated and not waste it again in the future, because bitcoin still has a very long way to go that will most likely continue to improve.
indeed holding it for the long term is a very good option, but it would be better if you buy every drop to make a purchase or do a DCA to grow its holdings so that in the future or when the price goes up high you will get bigger profits, even make you rich .
regretting what happened without changing it or not planning for the best is pointless, and we all know the traces of bitcoin's ups and downs that eventually bounce back and continue to climb higher.
And most importantly have strong patience and also don't panic which will produce satisfying results.

I agree with everything you say bitzizzix; however we also have to keep in mind that there are no guarantees that the BTC price is going to continue to go up... even though the odds are quite great that bitcoin will go up forever, and bitcoin does seem to be amongst the best of the assymetric upside bets that is widely available to everyone... just a matter of how much to allocate into it.

maybe this is one of many stories about losing Bitcoin in the past, and regretting what happened to Bitcoin today,
from the many stories I read and learn, the value of bitcoin is constantly increasing, it is better to make long term investments, and if there is no essential need in life, it is better to hold and sell when you have had enough.

Everything has passed. And those who regret will be motivated and not waste it again in the future, because bitcoin still has a very long way to go that will most likely continue to improve.
indeed holding it for the long term is a very good option, but it would be better if you buy every drop to make a purchase or do a DCA to grow its holdings so that in the future or when the price goes up high you will get bigger profits, even make you rich .
regretting what happened without changing it or not planning for the best is pointless, and we all know the traces of bitcoin's ups and downs that eventually bounce back and continue to climb higher.
And most importantly have strong patience and also don't panic which will produce satisfying results.

The life is full of regrets. If you hear about an opportunity and refuse to invest and the opportunity turns out to be good, you will regret. If you also hear and opportunity and invest and the opportunity is scam you will regret. If you bought bitcoin with small money when you had big money then, you will regret. If you bought with big money and sold them all because you don't trust yhe system, you will regret. That is life and we have to take it that way.

There are ways to build systems in order that you do not have as many regrets, so having too many regrets seems to be a bit of a personality problem.. even though sure, regrets exist and a lot of kinds of regrets exist too (as seems to be your point rby)...

I personally find it much more difficult to have regrets if you figure out a way to invest into something like bitcoin in a kind of modest way.. and if you invest in a modest way, then you can continue to study the space, and if the investment does not end up working out, then you should not be having regrets about having had made a modest and then reasonable investment... and of course, the strategy of going from whimpy to modest to aggressive can also change with the passage of time, but we also need to attempt to put into practices in which we are prepared for the BTC price to go up or to go down and we are  prepared in either direction in order to attempt to lessen the amount of regrets (even if we cannot necessarily completely get rid of all possible regrets).

Honestly I am pretty much in the same boat with OP give or take. I worked in a lot of different jobs in crypto since 2014, and even though I didn't invested at the time, I earned a lot, I earned over 50 bitcoins selling gunbot at the time but bitcoin was like under 10k most of the time, and I got them like in 100-200 dollars patches most of the time. So all in all, I could have owned tens of millions of dollars if I didn't spend them. Yet I had to live and at the time I had to sell all of them in order to survive and not starve to death. 50 bitcoins "may" sound a lot to you know, but they were sold in between of 1k to 10k, meaning if you put it over 4 years, thats actually not a lot of money at all.

So?  have you given up on bitcoin Captain Corporate?

Many of us here have likely heard about Gresham's law, which would likely justify attempting to spend less valuable assets/currencies before we spend our more valuable assets.

Yes.  It is understandable that if you do not have any other assets to spend, then you have to spend your bitcoin; however, even you likely understand and appreciate that you could have probably figured out ways to save more bitcoin and to spend from other assets/currencies that you may well have had at your disposal. 

I will agree that it might not be easy to accomplish because each of us do need to live and each of us do need to figure out ways to have surplus value that we can invest rather than spending everything that we earn.  Whether you might have been able to hold onto some of those 50 BTC during that time that you were spending them is something that seem to be more in your ability to know. and yes, for each of us the matter is different, and there are a whole fucking lot of people who live beyond their means and they are not willing, ready and or able to save any of their income.. they always seem to have expenses that are at least equal to or more than their income...

it is not easy for any of us to suggest solutions for situations like that unless there might possibly be ways to spend a bit less and to save a bit more and sometimes there might be a need to increase income and that may or may not be very easy to accomplish depending on your income earning ability (and sometimes even your location, too).

[ajiz138]

Since you established your expected budget, you can also have a system for dealing with any new money that might come in during that six months that was not expected, and you can divide any such new money in terms of buying on dips, lump sum buying or plugging it into your DCA amounts.

Now I want this system to be useful at least the money that goes into my wallet for a month of work, so I always have a division that must be matched, in the sense that the regular money to buy dips is certain because it has been running for several months, but with your advice for 6 months to match the distribution of the dips, lump sum or DCA investment system, I need to pay attention to this.
Every strategy I have to pay close attention to.

Going through the whole process is not necessarily easy, and it sometimes can feel as if you are not making any progress.. and for sure there are no guarantees that you are going to come out ahead in the long term - even though bitcoin still seems to be amongst the best of asymmetric upside bets that is available to normies to be able to invest whatever amount of value is reasonable and prudent (and still sufficiently aggressive for your own circumstances).  You do not want to end up in a position in which you overly spend your dollars and then you have an emergency and you have to cash out some or all of your BTC at a time that is anything other than your complete choosing, and that is perhaps part of the reason that you should want to set a sufficiently long timeline into the future  such as 4-10 years or more and just keep building through that whole time with a kind of potential confidence that you are making a reasonable investment.. . and sure at the same time you can continue to study bitcoin and monitor bitcoin and attempt to figure out if its investment thesis is getting undermined during that time or not.  We have frequently seen bitcoin have negative price performance, while at the same time bitcoin's investment thesis is continuing to get stronger...even though at the same time there are a lot of negative comments about it and whining and all kinds of bullshit to attempt to trick the BTC accumulators out of their coins and out of their long term strategies to accumulate BTC with prudent and personally tailored approach.

That's why I have to know about all of this and it goes well even though we will falter in the middle of the road.... I also know how this process is and it's not easy because what I experienced with buying dips is the same as what will be carried out later so the process won't work. sweet continues but sometimes we have to be strong and can be on the straight path to keep going.

I have a strong chemistry on bitcoin although it is no guarantee, I have been in bitcoin for a long time so I believe this investment will be completely successful (my belief) even if I spend a few dollars even above $100 with a long time 4 -10 years is a positive thing but this is what I am getting stronger now because of the rapid development so it will be an asset that will continue to strengthen for a long time.

So you should not be investing $100 per week if it may well be much safer for you to do $10 per week or maybe even some amount in the middle.. such as $30 or $65 or $77.. you gotta find an amount that is not going to overly stress you but at the same time give you enough of a regular purchasing amount that you feel that you are making progress and you are not being too whimpy in your approach in that you will feel regretful about it later.

No $100,,,,,, this will be adjusted according to what you say in the division ( $30 or $65 or $77 ) this must be set from the expenses every week and month, about urgent needs of course this must be prepared in the bank savings conventional already exists but I will keep it and will not disturb it.
I have to start a good approach for future progress, in any way I will try to collect bitcoins, not only in general investment but in other trades I try to earn it.

Investment is important to me, with Dips, Lump sum and DCA strategies or any other type of system I need to follow it.

[Inwestour]

One thing you have to understand is that coming to this crypto industry, literally is just like a journey and everyone got it own story to tell, this your story/experience is part of the obstacle you face along the line until when you start getting things right, Therefore the little advice I have for you is learn from your past mistakes, make right investment choice by doing proper research on any project you want to invest, focus and start living in the present you will definitely get there when you will start living your dream life with Bitcoin, for this isn't the end of the journey for you.
In my own 6 years journey into Bitcoin I have lost thousands of dollars in some investment and trading too, when I was just getting to know Bitcoin but all was just part of experience to me. HODL if you need positive result, history has proven it that those who bought Bitcoin and HODL at least for the period of 4 years has profited from Bitcoin.
The bottom line is define your mission into this industry and follow it up, I believe you will have smiles in the end.

It’s hard to argue with this, probably everyone has such a story when he lost everything to understand that the bitcoin hold will bring the expected result, if you don’t rush and give this investment a few years for good growth.

First you try to find a good project that you believe in and expect that it will make you rich. Then you try your hand at trading, and in the end, after you have lost almost everything, you sit down and start to analyze. And everything fits together like a puzzle in one picture, and you see that if you just invested everything in bitcoin and did nothing else, you would get a very significant profit. After that, I got disappointed and for some time I didn’t do anything, but then I figured out, calmed down and now I’m back with a clear understanding that I will only buy bitcoin and hold it for as long as necessary, and I will eventually make a profit . Yes, you are right, this journey, when it is difficult for us, we stop for a halt, when we rest we move on, the most interesting part of the journey is the path to achieving the goal, so we gather our strength and move on!

[Fatunad]

Sorry about your Losses Mate , Hope you will still able to stand and continue trusting crypto even though you had tons of bad experiences .

Wishing you to make a best decision either Mining or trading , but what matters most is don't lose hope and continue the struggle.

We all experienced that but we need to stay focus.

One thing we are suppose to know is that if their is no lose in cryptocurrency the market won't have being interesting. Because the challenges of losing Will make you as investor to be curious and conscious about cryptocurrency investment because i believe that cryptocurrency have it way of monitoring it and way of investment. That's something i believed onto. If you are investing for cryptocurrency you have to be extremely careful about cryptocurrency that's why some never experienced lost before in cryptocurrency investment

Any investment does have risk and its true that there would be no sense on dealing up with something which would only give out positive results will really be not interesting and making everyone profitable cant really be that possible and this is why we do have lots of analysis and other decision making whenever we do make out some investment because we cant really just deal up with things on making money or have profits
without having any risk of losing money.We might able to miss out lots of opportunities and chances to make bigger money but to think that we are dealing with investment then it is really just
normal to have those circumstances that you do miss out those golden opportunity.

[JayJuanGee]

Sorry about your Losses Mate , Hope you will still able to stand and continue trusting crypto even though you had tons of bad experiences .

Wishing you to make a best decision either Mining or trading , but what matters most is don't lose hope and continue the struggle.

We all experienced that but we need to stay focus.

One thing we are suppose to know is that if their is no lose in cryptocurrency the market won't have being interesting. Because the challenges of losing Will make you as investor to be curious and conscious about cryptocurrency investment because i believe that cryptocurrency have it way of monitoring it and way of investment. That's something i believed onto. If you are investing for cryptocurrency you have to be extremely careful about cryptocurrency that's why some never experienced lost before in cryptocurrency investment

Any investment does have risk and its true that there would be no sense on dealing up with something which would only give out positive results will really be not interesting and making everyone profitable cant really be that possible and this is why we do have lots of analysis and other decision making whenever we do make out some investment because we cant really just deal up with things on making money or have profits
without having any risk of losing money.We might able to miss out lots of opportunities and chances to make bigger money but to think that we are dealing with investment then it is really just
normal to have those circumstances that you do miss out those golden opportunity.

There is always going to be some asymmetry in regards to both information, and also in abilities for people to act upon the information that they have too....

You are correct Fatunad in regards to no investment being easy because people come to all kinds of decisions in regards whether to get in and how much to get in and then various points how much to cash out (if any), and surely we have a lot of examples of guys who would have largely been "set for life" if they had just held some or all of their bitcoin, and surely some of those folks could have held them without very much effort - except for their likely lack of perfect information in regards to which way the BTC price would go.

There are some folks that have been in bitcoin between 5 years and 10 years, that are doing really great.. and others not so great, and there are some who had to work really hard to both acquire their bitcoin and to hold their bitcoin, and others did not have to work as hard.  there are some folks who lost some of their coins along the way, and maybe felt as if they had to start over, and so they acted upon their information (and their views of bitcoin), which surely is largely just a set of probabilities in regards to what any of us might believe bitcoin is going to do in the future and then to have a strategy in place and to employ such strategy as well in order that we can have material results that are in line with our beliefs.. and sometimes we are able to line actions with beliefs in a way that is profitable, and sometimes guys (and gals) over do it.. and they end up losing some if not all of their coins along the way.

Many times I have suggested to the biggest of bitcoin doubters (and naysayers) to just put a reasonable and even small amount of value into bitcoin rather than refusing to put any into bitcoin, and so many times that would have paid off quite well in the long term, but surely in the short term it does not always seem to pay off well.. so in that regard, the phrase to just get off of zero seems to have been a good one as long as the person is able to hang on for a long enough time.. 4-10 years or longer surely seems like a reasonable amount of time for any longer term investment - even at the same time always needing to realize that there are no guarantees either.. even though the asymmetric bet to the UPside seems to be amongst the best of possible bets that any normie can make, even if such normie does not have a lot of money to invest..

[Strongkored]

There are some folks that have been in bitcoin between 5 years and 10 years, that are doing really great.. and others not so great

I'm the one who doesn't do it well but not because I doubt that Bitcoin can provide a lot of profit if I dare to keep it for a long period but rather because of the need and also lack of information at that time, so I sold it cheaply a long time ago ( but if I'm not mistaken that period of the year when I sell my Bitcoin there was a time when Bitcoin also just reached ATH) so when I sold it I thought that it was already very profitable but it wasn't. I'm sure there are many regret stories from people who knew Bitcoin in the beginning but that is understandable because it is not easy to accept wrong decisions made in the past because the difference in profits that will be obtained if you sell or keep it until now is very far different.

[JaakkoS]

For OP, all the best and I hope things get better!
Most of us have been there. I remember buying some BTC for a price of around 200 €. I needed money and sold them for 400 € as I doubled the money...doh...

[JayJuanGee]

There are some folks that have been in bitcoin between 5 years and 10 years, that are doing really great.. and others not so great

I'm the one who doesn't do it well but not because I doubt that Bitcoin can provide a lot of profit if I dare to keep it for a long period but rather because of the need and also lack of information at that time, so I sold it cheaply a long time ago ( but if I'm not mistaken that period of the year when I sell my Bitcoin there was a time when Bitcoin also just reached ATH) so when I sold it I thought that it was already very profitable but it wasn't. I'm sure there are many regret stories from people who knew Bitcoin in the beginning but that is understandable because it is not easy to accept wrong decisions made in the past because the difference in profits that will be obtained if you sell or keep it until now is very far different.

Yes, of course there are a lot of examples of people who had gotten into bitcoin, and they ended up selling too much bitcoin too soon, and then they end up experiencing psychological difficulties to get back into bitcoin by buying more bitcoin at a higher price than the price they had sold.  We have a lot of those kinds of examples, and even some of those folks were very profitable in terms of dollars of how much they had sold, but then they are not so much in profits if they figure out if they had held onto more of their bitcoin rather than selling them all.

I think that people can still learn from their past mistakes to get back into bitcoin, and even if they do not get back in BIG, then at least just get back into bitcoin in a way that is relatively comfortable for them, whether that is making a lump sum investment, buying on dips or a DCA strategy.  I personally recommend a DCA strategy, but of course, if someone is more experienced with bitcoin, they might feel better to buy in a lump sum or to employ various buying on dip techniques.

For me, the DCA method seems better, even for folks who had sold too much BTC too soon in earlier times, because they may well have not felt as comfortable with holding bitcoin, but if they DCA over a longer period of time, then they might be able to build more confidence with BTC as an investment and then even start to feel more confidence to even supplement their DCA strategy with buying on dips and also lump sum investing.

Another thing that many investors into BTC have to try to stay aware is that there are risks holding BTC with third parties, and in the beginning of their investment into BTC their BTC might not be worth very much, so it may well not matter if they hold most if not all of their BTC with third parties (such as on exchanges), but as their BTC increases in value, they may well need to study into ways to hold their BTC in other ways, such as on a private wallet, and there can be some needs to spend some time learning about the various private wallet options, and some of them are more comfortable than others, but there are still risks (and learning curves) in terms of holding your own BTC (holding your private keys rather than leaving them with exchanges, in which you really do not own them if they are held by third parties rather than holding them yourself, but if you hold them yourself, no one is going to save you if you fuck up your security or you lock yourself out of your own coins in one way or another.  So it is not necessarily easy being your own bank, even though it may be more empowering, but some people might not even be sufficiently competent to be able to do it without some assistance from others... and even smart people might end up losing their coins.

[348Judah]

One thing you have to understand is that coming to this crypto industry, literally is just like a journey and everyone got it own story to tell, this your story/experience is part of the obstacle you face along the line until when you start getting things right, Therefore the little advice I have for you is learn from your past mistakes, make right investment choice by doing proper research on any project you want to invest, focus and start living in the present you will definitely get there when you will start living your dream life with Bitcoin, for this isn't the end of the journey for you.
In my own 6 years journey into Bitcoin I have lost thousands of dollars in some investment and trading too, when I was just getting to know Bitcoin but all was just part of experience to me. HODL if you need positive result, history has proven it that those who bought Bitcoin and HODL at least for the period of 4 years has profited from Bitcoin.
The bottom line is define your mission into this industry and follow it up, I believe you will have smiles in the end.

It’s hard to argue with this, probably everyone has such a story when he lost everything to understand that the bitcoin hold will bring the expected result, if you don’t rush and give this investment a few years for good growth.

First you try to find a good project that you believe in and expect that it will make you rich. Then you try your hand at trading, and in the end, after you have lost almost everything, you sit down and start to analyze. And everything fits together like a puzzle in one picture, and you see that if you just invested everything in bitcoin and did nothing else, you would get a very significant profit. After that, I got disappointed and for some time I didn’t do anything, but then I figured out, calmed down and now I’m back with a clear understanding that I will only buy bitcoin and hold it for as long as necessary, and I will eventually make a profit . Yes, you are right, this journey, when it is difficult for us, we stop for a halt, when we rest we move on, the most interesting part of the journey is the path to achieving the goal, so we gather our strength and move on!

The most surprising aspect of it all is for someone to have good eleven years on a stretch without any tangible thing to account for, i wonder what one could have been busy doing or chasing all these while without giving time to quality and constructive things, that's why giving a start on cryptocurrency should be with bitcoin first, once a person learn to develop himself over time then doing things will be easier than before and the rate to getting exposed to scam will be minimized, two major reasons are the major constitute to having unprecedented experience, investing on the wrong coin and not being able to do bitcoin independently all by yourself.

[goldkingcoiner]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

A lot of people on this forum are feeling the very same way as you. We all missed out big time at some point in the past, more or less. Only a few very lucky ones  did not fully miss out. But really, who would have thought that Bitcoin would reach such prices? Many did not have the luxury of even discovering Bitcoin until it was at 5 digits and by then many did not think it would go any higher.

I myself see this as a valuable lesson for the future. The lesson is to hodl

[Mr.right85]

The cryptocurrency initiative have taken different tolls on different persons that most persons have hot a story to tell regrettably. From early adopters who sold too early, those who didn't believe, those who where careless of there seeds, private keys or passwords, those who 's hard disc got misplaced or destroyed, those who were had no resources to dig in when it was fresh, those who were ignorant due to there geographical location and those with stories such as yours at OP.

It is indeed a sad one especially for you. Like, you were told early enough, you made attempts to utilise the information you got and even with in full time. For situations far above what you felt you could handle, you lost it all and is left with just regrets.

What is of importance here is that, abstaining or regrets isn't going to bring back any part of what is lost. Its lost and gone so the best thing you could do is that, you try to own a portion of it, counting what is gone as a lost opportunity and use that to guide yourself into holding. A sat today could be much more tomorrow. Don't waste you today if you could afford to invest but, that's entirely up to you and this is far from an investment advice.

[FlamingFingers]

Bud you're in the same boat as many of us.  Countless users here have absolutely "blown through" bitcoins.  But many of has had no idea it would take off like it did even though we had all sure hoped it would get there.  You can't change the past, only the future so simply stop dwelling on the past and make positive moves forward.  Best of luck.

it's not that easy to get past such experience, there is no way, but just have to move on life goes on, I've been in op shoe also and I know how it feels like... When you keep thinking about how much you should have had in bank account its really depressing, to the extent that you might feel like you want to commit suicide, but that's not the solution. Never give up, keep pushing WGMI

[bitzizzix]

There are some folks that have been in bitcoin between 5 years and 10 years, that are doing really great.. and others not so great

I'm the one who doesn't do it well but not because I doubt that Bitcoin can provide a lot of profit if I dare to keep it for a long period but rather because of the need and also lack of information at that time, so I sold it cheaply a long time ago ( but if I'm not mistaken that period of the year when I sell my Bitcoin there was a time when Bitcoin also just reached ATH) so when I sold it I thought that it was already very profitable but it wasn't. I'm sure there are many regret stories from people who knew Bitcoin in the beginning but that is understandable because it is not easy to accept wrong decisions made in the past because the difference in profits that will be obtained if you sell or keep it until now is very far different.

Yes, of course there are a lot of examples of people who had gotten into bitcoin, and they ended up selling too much bitcoin too soon, and then they end up experiencing psychological difficulties to get back into bitcoin by buying more bitcoin at a higher price than the price they had sold.  We have a lot of those kinds of examples, and even some of those folks were very profitable in terms of dollars of how much they had sold, but then they are not so much in profits if they figure out if they had held onto more of their bitcoin rather than selling them all.

I think that people can still learn from their past mistakes to get back into bitcoin, and even if they do not get back in BIG, then at least just get back into bitcoin in a way that is relatively comfortable for them, whether that is making a lump sum investment, buying on dips or a DCA strategy.  I personally recommend a DCA strategy, but of course, if someone is more experienced with bitcoin, they might feel better to buy in a lump sum or to employ various buying on dip techniques.

For me, the DCA method seems better, even for folks who had sold too much BTC too soon in earlier times, because they may well have not felt as comfortable with holding bitcoin, but if they DCA over a longer period of time, then they might be able to build more confidence with BTC as an investment and then even start to feel more confidence to even supplement their DCA strategy with buying on dips and also lump sum investing.

Another thing that many investors into BTC have to try to stay aware is that there are risks holding BTC with third parties, and in the beginning of their investment into BTC their BTC might not be worth very much, so it may well not matter if they hold most if not all of their BTC with third parties (such as on exchanges), but as their BTC increases in value, they may well need to study into ways to hold their BTC in other ways, such as on a private wallet, and there can be some needs to spend some time learning about the various private wallet options, and some of them are more comfortable than others, but there are still risks (and learning curves) in terms of holding your own BTC (holding your private keys rather than leaving them with exchanges, in which you really do not own them if they are held by third parties rather than holding them yourself, but if you hold them yourself, no one is going to save you if you fuck up your security or you lock yourself out of your own coins in one way or another.  So it is not necessarily easy being your own bank, even though it may be more empowering, but some people might not even be sufficiently competent to be able to do it without some assistance from others... and even smart people might end up losing their coins.

I totally agree with you, and DCA is a very simple method in my opinion. Where we can invest the same amount each period that we think is safe and comfortable for per month or every week.
And this strategy will help us to be disciplined to buy more investment instruments when the price goes down and less when the price goes up. Without having to care about the condition of the trend and also without caring about the price going up and down.

Because in bitcoin you don't need to buy 1 BTC because bitcoin can be divided into small units so you can buy 0.1 BTC, 0.01, 0.001, 0.0001 and so on. You can start DCA with a nominal that is affordable according to your ability, even with a very small nominal.

and the idea behind DCA is to save consistently regardless of whether the market is going up or down, DCA will help us disciplined to buy more crypto when the price is down and less when the price is going up.
and this will make it easier for you to make investment decisions and avoid emotional decisions.

it sounds easy and it turns out to be easy and is recommended by investment experts like Warren Buffet.
Saving regularly and consistently is the most appropriate strategy for novice investors, the longer we invest, the greater the amount of money we save with more optimal results.

[JayJuanGee]

Don't be hard on yourself. we have read similar news here and on some other forums where most people back then didn't know how Bitcoin would turn out and sold off their holdings too. I believe as @Lorence.xD mentioned here,

Nah, dude you aren't the biggest crypto loser there is if there is really one because there's Laszlo to compare to you, he got the pizza but the prize was too big to pay with 10k,

he too didn't know how much Bitcoin would cost in the future but we all have to move on. Most of us will look back at what Bitcoins price was back when we joined the system and would probably be like, We should have bought loads before now even though we never really were involved in mining then, there is always some "IF" but we can't dwell on that.

This example of Laszlo being a loser seems to not be correct.  Laszlo had plenty of bitcoins (he was the first GPU miner), and there is a bit of a story behind his selling the coins in terms of his having had disproportionately gotten more coins than he likely deserved through his mining with GPUs while many others were mining with CPUs.  I doubt that Laszlo really has any regrets . not in the same way that a no coiner or a low coiner would have.. and Laszlo is neither a low coiner nor a no coiner from my understanding Laszlo is doing quite well for himself.

[edited out]

I totally agree with you, and DCA is a very simple method in my opinion. Where we can invest the same amount each period that we think is safe and comfortable for per month or every week.
And this strategy will help us to be disciplined to buy more investment instruments when the price goes down and less when the price goes up. Without having to care about the condition of the trend and also without caring about the price going up and down.

Because in bitcoin you don't need to buy 1 BTC because bitcoin can be divided into small units so you can buy 0.1 BTC, 0.01, 0.001, 0.0001 and so on. You can start DCA with a nominal that is affordable according to your ability, even with a very small nominal.

and the idea behind DCA is to save consistently regardless of whether the market is going up or down, DCA will help us disciplined to buy more crypto when the price is down and less when the price is going up.
and this will make it easier for you to make investment decisions and avoid emotional decisions.

it sounds easy and it turns out to be easy and is recommended by investment experts like Warren Buffet.
Saving regularly and consistently is the most appropriate strategy for novice investors, the longer we invest, the greater the amount of money we save with more optimal results.

Exactly correct that time in the market is more important than timing the market.

[dlightag]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

These story really touched me, but what you have to understand that Bitcoin serve as digital assets that self life through hospital bill of your wife, which no other source of income, but rather by laying hand on it to sell off, never regret about that, but to look way forward and buy more of Bitcoin for future investment.

[lalabotax]

what you have to understand that Bitcoin serve as digital assets that self life through hospital bill of your wife, which no other source of income, but rather by laying hand on it to sell off,

What do you mean? I don't get your point at all. 
Sure, Bitcoin is a digital asset that can give profits for us if we know how to invest in a proper way.
But never invest in Bitcoin with your main many since it will be too risky. Once you have no money anymore, you may sell your Bitcoin at loss.
You need to understand that having Bitcoin on your wallet should be from extra money.

never regret about that, but to look way forward and buy more of Bitcoin for future investment.

Agree. Just forget everything that has been done in the past.
Never regret it, because it only hurts us.
Just take some lessons from that experience and focus on the future goal.

[Razmirraz]

Yes, of course there are a lot of examples of people who had gotten into bitcoin, and they ended up selling too much bitcoin too soon, and then they end up experiencing psychological difficulties to get back into bitcoin by buying more bitcoin at a higher price than the price they had sold. 

One of the most obvious examples is Op, after seeing the fact that the price of Bitcoin continues to increase, Op experiences psychological difficulties and regrets because he feels he has done a reckless act.

Bitcoin always presents many stories, ranging from success to sad stories of its users. The desire to continue to collect bitcoin fragments can be done by anyone, there is nothing wrong if you start now. For those who want to start it can be done with a small amount and and continue to increase slowly.
Try to set a long-term investment strategy, even though the ups and downs of market fluctuations continue to occur, don't panic because it is part of the plan. So many investors have done interesting things in their lives, even though there is a strong tide going on, they will continue to stick around.

[salad daging]

Yes, of course there are a lot of examples of people who had gotten into bitcoin, and they ended up selling too much bitcoin too soon, and then they end up experiencing psychological difficulties to get back into bitcoin by buying more bitcoin at a higher price than the price they had sold. 

One of the most obvious examples is Op, after seeing the fact that the price of Bitcoin continues to increase, Op experiences psychological difficulties and regrets because he feels he has done a reckless act.

Bitcoin always presents many stories, ranging from success to sad stories of its users. The desire to continue to collect bitcoin fragments can be done by anyone, there is nothing wrong if you start now. For those who want to start it can be done with a small amount and and continue to increase slowly.
Try to set a long-term investment strategy, even though the ups and downs of market fluctuations continue to occur, don't panic because it is part of the plan. So many investors have done interesting things in their lives, even though there is a strong tide going on, they will continue to stick around.

So it should be a lesson to us that bitcoin has an interesting story every year.

Even though we have taken reckless actions because we sold too fast and finally made the psychology deeper, we have to start again even though the price is already high but this can still be done by anyone, so I think forget the dark past and start with a new hope to earn bitcoin fraction from now.

I myself have been trying to make long-term investments with the DCA strategy and this has been going very well, the ups and downs of the market due to fluctuations for me have to be passed, we have to keep going until our goals are achieved.

[dataispower]

I see bitcoin as continuous lesson and lecture, because many people have experienced lost in cryptocurrency and but  the people with the passion to invest in Bitcoin are the one who do continue to take the risk of investing in Bitcoin. If everyone should start explaining their lost in Bitcoin investment you will know that some people lost for the investment for the industry is bigger than yours, people who invest for Bitcoin are people who have the mind and decide that two things is involved for the investment, either they lose or they gain. I think that's the major plans of people who is ready to invest for Bitcoin is to make it through. But when they experience lost some of them will condemn bitcoin because of the lost.

[gullobhai]

Mate it's not only your unknown mistake but the whole world has to, plenty of my friends lost their crypto by forgetting the phrase, selling in depression, etc
So happened to happen I think it's again golden to invest in before too late.
 

[JayJuanGee]

I see bitcoin as continuous lesson and lecture, because many people have experienced lost in cryptocurrency and but  the people with the passion to invest in Bitcoin are the one who do continue to take the risk of investing in Bitcoin. If everyone should start explaining their lost in Bitcoin investment you will know that some people lost for the investment for the industry is bigger than yours, people who invest for Bitcoin are people who have the mind and decide that two things is involved for the investment, either they lose or they gain. I think that's the major plans of people who is ready to invest for Bitcoin is to make it through. But when they experience lost some of them will condemn bitcoin because of the lost.

You are explaining the possibilities in bitcoin in such a narrow way dataispower.  Sure, you can either win or lose, but there is a lot more than that going on because each bitcoiner gets into bitcoin at a different point in time, and they also vary in the way that they get into their BTC investment, including that some folks may well consider getting into bitcoin to be good as long as the price goes up from their entry price point.  So surely some of these people can get out when their Bitcoin makes a dollar profits, or they can get scared into preserving the dollar value of their investment into BTC when they see the BTC price going down, rather than their presumption that it was going to go up.

So there can be a lot of differences in perspectives and even differences in regards to how to employ their perspectives to their BTC investing approach.

Also, there are quite a few people who have hardly no fucking clue what they are investing into, and they hardly know the difference between bitcoin and some other kind of crypto currency - whether referring to ethereum or some other shitcoin or even the various other products such as NFTs and defi products - and sometimes they have few clues in regards to potential dangers in third party custody and they get lured into products with a belief that they "need to" earn yield on their bitcoin.

The levels of personal investment portfolio can vary quite a bit, and even the experience level of the investor (including considering if they might own other assets and/or property) may well affect their approach to BTC investing too, so I am not even going to presume to know the so many ways that people make all of their assessments of value in regards to whether they believe that investing into BTC is helping them in light of their personal financial and psychological circumstances - even though we should be able to continue to appreciate that the overall level of bitcoin adoption continues to be quite low (maybe 1% or less of the world-wide population with some areas of the world having higher levels of adoption and some segments of society engaged in relatively high levels of BTC accumulation in anticipation of others coming into bitcoin in the coming years), and there are likely going to be more and more people coming into the bitcoin space and even those who already entered into bitcoin will be ongoingly assessing and reassessing the level of their BTC allocations, too.  

We should presume that some of us are going to be net BTC accumulators and others will be lessening the quantity of their BTC over time, whether purposefully or by accident, so for sure, we see that psychologically, some folks have difficulties getting back into bitcoin when they have lost money in the past, even though it seems to be quite likely that the better practice is for everyone to attempt to maintain some ongoing level of BTC allocation and the percentage of their wealth that is held in bitcoin is likely going to vary with some people being more prepared than others for what seems to be the largest wealth transfer in history that is happening through bitcoin and is likely to take many more years to play out.. 20 years to 200 years, and likely quite a few battles along the way, and some folks are not going to recognize and realize that they should have some kind of stake into bitcoin until at some later date in which they are not going to receive as many satoshis for the amount of value that they put into it (whether through buying it, mining it, selling goods or services for it or other means of getting it).

More active bitcoiner members in this forum are not too likely to be underallocating their value in bitcoin to the extent that they are able to allocate value into bitcoin, yet there are surely quite educated people in the "crypto" space who don't even really seem to understand how bitcoin is distinguishable from various other crypto assets/currencies, and surely sooner or later, it will likely become more common that even the various shitcoin speculators will realize that they should be retaining at least some of their value in bitcoin, even if they are fucking around with various pump and dump snake oil smoke and mirror baloney "crypto" assets.

So, I do not really disagree with you dataispower, even though I believe that it is better to recognize that there are quite a few more ways of considering these kinds of investment into bitcoin matters in terms that go beyond assessing whether persons getting into bitcoin are perceiving themselves to have had won or lost in their bitcoin investment, including that we have an ongoing moving target in regards to even coming to any kind of an assessment of winning or losing in such BTC investments, and for sure, even with OP, there could be all kinds of ways in which he could understand and appreciate that he had gotten value from his pre-2015 years in bitcoin - but instead, OP seems to have had wanted to assess himself as a loser and to lock himself in a position in which he believes that he lost and his involvement in bitcoin is like water under the bridge from a bygone age, which just shows that even with his many years of knowing about bitcoin, he does not seem to have learned much of anything in regards to reestablishing a position in bitcoin, even if he did sell too many BTC too soon.  So, yeah it may well take guys like him another bitcoin cycle or two before they realize that it may well be better to buy some bitcoin rather than to just whine about their having had sold their BTC holdings, so it could be that OP does not wisen up, and he ends up buying bitcoin in 4-8 years when the price drops down to $250k after it had gone up to $1.5 million.  

It's not easy to know at what point OP is going to wisen up, if ever... he might die an ongoing disgruntled no coiner (not wishing death upon anyone).. whether OP has only a few more years to live or if his timeline might be quite a bit longer in terms of how long he may well stay a no coiner.. he may well have 30 to 50 more years of remaining life and remaining a disgruntled no coiner (living in the past regarding having had 15 BTC at one time) for the whole time.. but by then BTC prices may well be in the $10s of millions.. not easy to project out that far, for sure... and of course, there are no guarantees that the BTC price is even going to go up from this point on.

[Hamphser]

I see bitcoin as continuous lesson and lecture, because many people have experienced lost in cryptocurrency and but  the people with the passion to invest in Bitcoin are the one who do continue to take the risk of investing in Bitcoin. If everyone should start explaining their lost in Bitcoin investment you will know that some people lost for the investment for the industry is bigger than yours, people who invest for Bitcoin are people who have the mind and decide that two things is involved for the investment, either they lose or they gain. I think that's the major plans of people who is ready to invest for Bitcoin is to make it through. But when they experience lost some of them will condemn bitcoin because of the lost.

Come to mind off that on every investment then it do always accompanied with certain risk which means that losses is inevitable and there are things which we had  done in the past which might result that we do

able to miss out those opportunities to make big money or something that do really saves up on being wrecked and this is really depending on the situation because no one had actually know on what does the future holds.

If we do miss out the train and able to make out bad decisions into those early years then better move on and dont tend to look back because you would really be having a hard
time on doing that if you do really keep on looking those mistakes that you have done.

[Furious 7]

Mate it's not only your unknown mistake but the whole world has to, plenty of my friends lost their crypto by forgetting the phrase, selling in depression, etc
So happened to happen I think it's again golden to invest in before too late.
 

In this case there have been many examples but strangely there are still so many people who do things like this.
Even though when they are not too sure about bitcoin then don't be here because this will only harm themselves. Many of them say they regret selling bitcoin when they are in a panic but when they see bitcoin drop in price their panic increases again and again.
The mindset needs to be changed a little, I think, because if things like this keep happening, it's not a profit you get but a loss again and again.

[Falconer]

I am very close to 8 years in crypto because on October 17th I will be 8 years in the forum, but my knowledge is still very narrow especially complicated issues about it. I don't have much experience to be proud of, but honestly crypto especially bitcoin has taught me a lot. Long or short our participation in crypto will not make us superior to others, that's not the problem because actually knowledge about crypto is unlimited considering that it continues to grow.

In this case there have been many examples but strangely there are still so many people who do things like this.
Even though when they are not too sure about bitcoin then don't be here because this will only harm themselves. Many of them say they regret selling bitcoin when they are in a panic but when they see bitcoin drop in price their panic increases again and again.
The mindset needs to be changed a little, I think, because if things like this keep happening, it's not a profit you get but a loss again and again.

They are day traders, so it is a natural thing because the profit they want is not too much but they want to consistently make a profit. If they don't want to panic, then be a long-term investor or holder. Ignore price fluctuations and focus on the best price in the future.

[Mate2237]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Well it is a fascinating story. I am sorry for everything that happened to you.  Yes crypto can give depression. You did well by registering inthis forum at least you have learned and used it to make profit before the disaster. Mining is one of the difficult and technical aspect in crypto business. But you were able to mine. You wouldn't quite from the job since you know that crypto is not stable.

[JayJuanGee]

I see bitcoin as continuous lesson and lecture, because many people have experienced lost in cryptocurrency and but  the people with the passion to invest in Bitcoin are the one who do continue to take the risk of investing in Bitcoin. If everyone should start explaining their lost in Bitcoin investment you will know that some people lost for the investment for the industry is bigger than yours, people who invest for Bitcoin are people who have the mind and decide that two things is involved for the investment, either they lose or they gain. I think that's the major plans of people who is ready to invest for Bitcoin is to make it through. But when they experience lost some of them will condemn bitcoin because of the lost.

Come to mind off that on every investment then it do always accompanied with certain risk which means that losses is inevitable and there are things which we had  done in the past which might result that we do

able to miss out those opportunities to make big money or something that do really saves up on being wrecked and this is really depending on the situation because no one had actually know on what does the future holds.

If we do miss out the train and able to make out bad decisions into those early years then better move on and dont tend to look back because you would really be having a hard
time on doing that if you do really keep on looking those mistakes that you have done.

You speak like a no coiner or a low coiner, Hamphser.

You might want to consider getting some bitcoin (or more than you already have) in case it catches on... #justsaying.

[Razmirraz]

Snip.

So it should be a lesson to us that bitcoin has an interesting story every year.

Even though we have taken reckless actions because we sold too fast and finally made the psychology deeper, we have to start again even though the price is already high but this can still be done by anyone, so I think forget the dark past and start with a new hope to earn bitcoin fraction from now.

I myself have been trying to make long-term investments with the DCA strategy and this has been going very well, the ups and downs of the market due to fluctuations for me have to be passed, we have to keep going until our goals are achieved.

Right. The price of Bitcoin has increased from time to time, when viewed from the Bitcoin price movement that continues to grow from year to year, it can be said that Bitcoin investment is very profitable. Reckless actions by selling Bitcoin too quickly because they do not know Bitcoin can increase in the future, psychological difficulties can be experienced by anyone when they know the price of Bitcoin continues to increase because they have already sold it when the price was still low. This is also part of the cycle of life, regret will always come when we know the truth.

Past mistakes will be lessons for the future and other people's experiences can be used as personal experiences so as not to make the same mistakes.

[Furious 7]

I am very close to 8 years in crypto because on October 17th I will be 8 years in the forum, but my knowledge is still very narrow especially complicated issues about it. I don't have much experience to be proud of, but honestly crypto especially bitcoin has taught me a lot. Long or short our participation in crypto will not make us superior to others, that's not the problem because actually knowledge about crypto is unlimited considering that it continues to grow.

In this case there have been many examples but strangely there are still so many people who do things like this.
Even though when they are not too sure about bitcoin then don't be here because this will only harm themselves. Many of them say they regret selling bitcoin when they are in a panic but when they see bitcoin drop in price their panic increases again and again.
The mindset needs to be changed a little, I think, because if things like this keep happening, it's not a profit you get but a loss again and again.

They are day traders, so it is a natural thing because the profit they want is not too much but they want to consistently make a profit. If they don't want to panic, then be a long-term investor or holder. Ignore price fluctuations and focus on the best price in the future.

I saw your profile and indeed it will soon be the 8th anniversary of your account mate
As for the problem of knowledge in this case, it depends on everyone's wishes because indeed knowledge about things like this is now easy to get with a lot of information but as for the long or short time of crypto, it does not guarantee that the old ones also have more knowledge but of course there are those who do. distinguish between the old and the new, namely experience.

In this case actually when they decide to become day traders they should be aware of the consequences that must be obtained in this case and of course when they become day traders it is clear they have experience they should because people who try and don't have the understanding obviously won't be there so it's quite funny when they panic with such a situation because of course they do research and research before trade.

[ItsCrafty]

Yes you are right it hurts but remember that price fluctuates on larger degree, the time at which you invest in bitcoin so there was not such a high rate and now a days the rate is so up that not every person can make investment in bitcoin. You should get a lesson from you precursory experience and it will be better for you to be winning in coming years. Other thing is that never invest your complete reserve in crypto as there is no surety that it will allot you excess.

[Fatunad]

Yes you are right it hurts but remember that price fluctuates on larger degree, the time at which you invest in bitcoin so there was not such a high rate and now a days the rate is so up that not every person can make investment in bitcoin. You should get a lesson from you precursory experience and it will be better for you to be winning in coming years. Other thing is that never invest your complete reserve in crypto as there is no surety that it will allot you excess.

On the time you do make out investment decisions on crypto space and lets say you are that included into those who are early adopters or investors on this market where the primary thing that
you would really be having on mind is to make out profits in a short time which means that selling on particular price point would be commonly the action that would be made by most people on that
time. Who had really thought that we would really be ending up on getting these high prices or value? No one does but there are ones who did really stick into their beliefs and hopes that
this one will really be huge on upcoming years to come and it is really been mixed some sort of luck on making up these decisions whether it would come true or not.

[salad daging]

<..>

Right. The price of Bitcoin has increased from time to time, when viewed from the Bitcoin price movement that continues to grow from year to year, it can be said that Bitcoin investment is very profitable. Reckless actions by selling Bitcoin too quickly because they do not know Bitcoin can increase in the future, psychological difficulties can be experienced by anyone when they know the price of Bitcoin continues to increase because they have already sold it when the price was still low. This is also part of the cycle of life, regret will always come when we know the truth.

Past mistakes will be lessons for the future and other people's experiences can be used as personal experiences so as not to make the same mistakes.

Trust me bitcoin in the next two years will be even higher even though I don't know how much you will benefit but until now it is still in the process of adding as many bitcoins as possible with a fairly long process, and I always say this should be enjoyed and never leave the main job because this is to maintain your needs and not interfere with the investment that has been running so far.
On twitter I always see positive news including Blomberg saying bitcoin will explode in two years.

Other thing is that never invest your complete reserve in crypto as there is no surety that it will allot you excess.

There is always the saying, "Never put all your money in the basket" it's true never do this because of greed ambition so all of that must be balanced.
Some good investments to run

Investment in Real Estate
Invest in Gold
Investment in Mutual Fund
Invest in Stocks

[Rupok]

Since 2017 I have been involved in the world of cryptocurrencies. I was not so ignorant about cryptocurrencies then.Some of my friends helped me in this matter, also I can learn a lot from YouTube videos.  From my experience so far, there are both profit and loss in cryptocurrency.I have lost a lot in cryptocurrency, and lost a lot of money losing. I had $2k Aion tokens,playkey,Verify, bitcoin $3k tokens also I lost.A few days ago I also lost in squad game tokens.However your case is very sad, don't let this happen to anyone. This is true, many people have benefited from cryptocurrency.Cryptocurrency is all about luck.

[JayJuanGee]

Since 2017 I have been involved in the world of cryptocurrencies. I was not so ignorant about cryptocurrencies then.Some of my friends helped me in this matter, also I can learn a lot from YouTube videos.  From my experience so far, there are both profit and loss in cryptocurrency.I have lost a lot in cryptocurrency, and lost a lot of money losing. I had $2k Aion tokens,playkey,Verify, bitcoin $3k tokens also I lost.A few days ago I also lost in squad game tokens.However your case is very sad, don't let this happen to anyone. This is true, many people have benefited from cryptocurrency.Cryptocurrency is all about luck.

Fuck Crypto currencies, and shitcoins, and fuck luck.  It is not all about luck if you figure out some kind of focus rather than believing in some amorphous concept.

Focus on bitcoin, and figure out a strategy in regards to bitcoin, and if you are easily distracted into shitcoins, then you might be a lost cause.

If you have not really started building your bitcoin stash, then get started and figure out what your target is going to be and you can accumulate BTB by dollar cost averaging, lump sum investing and buying on dips.  You can also earn bitcoin, but you still need to figure out what your target accumulation level and your various methods to make progress towards getting closer to your target.  Your focus should be more clear also once you reach or get close to reaching your target BTC accumulation level.

If you have been dabbling in various bullshit, then maybe you have not accumulated anything or created an investment portfolio, so you could start up focusing on accumulating a certain quantity of bitcoin, and maintaining your cash balances too.. and for example once you build your investment portfolio up to a certain size.. such as $40k or $50k, then maybe you could start to diversify out into other assets (no I am not talking about diversifying into shitcoins - but maybe once you get up to $200k, then maybe you could play around with 5% or so of your investment portfolio with shitcoins)..

The target amounts are going to vary from person to person and also vary based on if you have already established an investment portfolio or if you may well be in the earlier stages of establishing an investment portfolio so you need to build up a bit of a base, first.. and not by dabbling in amorphous and unnamed shitcoins - that remain so unclear to you that you refer to them as "crypto"... Think about it, if you are referring to investing into "crypto" then you likely have no fucking clue about what you are investing into; you could just as well be playing roulette, and investing should not work like that unless you are aiming to have fun staying poor forever.

[Uang_kartal]

let's just say it's not the case, I feel you are luckier than me, at the beginning of the emergence of crypto you already know it. maybe you are a little late, so you wait a few years until you see crypto progress mining for your life needs. friend.
if you regret all of that you are not too late. I agree with JayJuanGee that any activity including mining will lead to buying and selling too. you can also watch the movement and try to observe it Here who knows your passion that you haven't explored is trading, without having to buy tools to get bitcoin or other cryptocurrencies. Come on, cheer up friends.

[Ziskinberg]

Since 2017 I have been involved in the world of cryptocurrencies. I was not so ignorant about cryptocurrencies then.Some of my friends helped me in this matter, also I can learn a lot from YouTube videos.  From my experience so far, there are both profit and loss in cryptocurrency.I have lost a lot in cryptocurrency, and lost a lot of money losing. I had $2k Aion tokens,playkey,Verify, bitcoin $3k tokens also I lost.A few days ago I also lost in squad game tokens.However your case is very sad, don't let this happen to anyone. This is true, many people have benefited from cryptocurrency.Cryptocurrency is all about luck.

It was not all about luck. What went wrong with you and make you lose your money is that you are investing the wrong coins.
Playkey, Aion, - I can't even see these coins listed in reputable exchanges or even showing a remarkable performance that could make us profitable. Perhaps nothing and therefore, you can't blame Bitcoin or crypto in general for making mistakes as it was your fault. Because if you just focus on Bitcoin and Ethereum, I'm not going to wonder about hearing good words from you and market appreciation. 

[$crypto$]

Since 2017 I have been involved in the world of cryptocurrencies. I was not so ignorant about cryptocurrencies then.Some of my friends helped me in this matter, also I can learn a lot from YouTube videos.  From my experience so far, there are both profit and loss in cryptocurrency.I have lost a lot in cryptocurrency, and lost a lot of money losing. I had $2k Aion tokens,playkey,Verify, bitcoin $3k tokens also I lost.A few days ago I also lost in squad game tokens.However your case is very sad, don't let this happen to anyone. This is true, many people have benefited from cryptocurrency.Cryptocurrency is all about luck.

Fuck Crypto currencies, and shitcoins, and fuck luck.  It is not all about luck if you figure out some kind of focus rather than believing in some amorphous concept.

Focus on bitcoin, and figure out a strategy in regards to bitcoin, and if you are easily distracted into shitcoins, then you might be a lost cause.

Shitcoin did mislead me, I also experienced a big loss because the reason I bought shitcoin was because I was too ambitious to make big profits but what happened it all lost 70% and after that I don't want shitcoin to be in my hands especially on a new project I will continue ignore it even though many offer this token it's interesting.

It's true we have to focus on bitcoin which is actually the main and top coin, I think there have been many strategic ways of investing in bitcoin from Hodl, DCA, buying BTC while having capital and many others, one thing I do on bitcoin is long term investment.

[Republikcoin.com]

let's just say it's not the case, I feel you are luckier than me, at the beginning of the emergence of crypto you already know it. maybe you are a little late, so you wait a few years until you see crypto progress mining for your life needs. friend.
if you regret all of that you are not too late. I agree with JayJuanGee that any activity including mining will lead to buying and selling too. you can also watch the movement and try to observe it Here who knows your passion that you haven't explored is trading, without having to buy tools to get bitcoin or other cryptocurrencies. Come on, cheer up friends.

As long as you are still willing to learn and try everything in the crypto space and related to Bitcoin, then it is never too late for anyone because people who are familiar with cryptocurrencies and mining will also enter the market to sell all the results they mine and that too. it is also not much different from those who go directly to the market to buy cryptocurrencies for profit. So it doesn't matter whether it's early or late because it's still not much different.

[erep]

Shitcoin did mislead me, I also experienced a big loss because the reason I bought shitcoin was because I was too ambitious to make big profits but what happened it all lost 70% and after that I don't want shitcoin to be in my hands especially on a new project I will continue ignore it even though many offer this token it's interesting.

All traders have suffered various losses due to the hype of altcoin investing in cryptocurrencies, which is why some altcoins are called bullsh*t even the previous top 5 altcoin luna coins have crashed without recovery and have realized that many traders regarding technical flows on altcoin movements are very sensitive and unpredictable. However, the top altcoin alternatives are only ETH and BNB so nothing else.

It's true we have to focus on bitcoin which is actually the main and top coin, I think there have been many strategic ways of investing in bitcoin from Hodl, DCA, buying BTC while having capital and many others, one thing I do on bitcoin is long term investment.

You are right, the investment strategy above is very complete to add more bitcoins regularly to your long-term portfolio, but you must be consistent for long-term investments without involving investments from other basic needs funds because many investors decide to take profit/cut loss due to financial mismanagement. So it will damage the portfolio for long-term investment purposes.

[ije07]

All the wealth that we will have has actually been determined and of course many have experienced things like you because they regretted releasing some of our Bitcoin assets because there was an urgent need while at that time the price of Bitcoin was very low, especially if it was converted to the current price, the difference would be enormous. but all that does not need to be regretted because you sold your assets for other needs and it is proven that you can still survive today.

[ajiz138]

Shitcoin did mislead me, I also experienced a big loss because the reason I bought shitcoin was because I was too ambitious to make big profits but what happened it all lost 70% and after that I don't want shitcoin to be in my hands especially on a new project I will continue ignore it even though many offer this token it's interesting.

It's true we have to focus on bitcoin which is actually the main and top coin, I think there have been many strategic ways of investing in bitcoin from Hodl, DCA, buying BTC while having capital and many others, one thing I do on bitcoin is long term investment.

The altcoin hype is really promising even though it's all a trap so that you become FOMO, even when the price is high then the developer will sell all the tokens they have and a decrease to 90% is what I often see in altcoins or shitcoins, it is necessary to suggest shitcoins indeed it is necessary to avoid saving your assets from what you built at the beginning, so don't be tempted by any shitcoin or altcoin that is not clear.

Lately, many new projects have come by offering the products they developed to the public, of course at first when the token entered the market the price went up and even soared, but I don't know why in a few months the token was destroyed in the market or was it because the developer couldn't hold it back? wall order or are they selling slowly? Therefore, you must think clearly that shitcoin will be sweet at the beginning while those who come later will receive the consequences by destroying the token.

Remember, big investors or whales are now playing in bitcoin for the long term, not shitcoins, we must be aware that in this case bitcoins need to be in your wallet, not shitcoins that are not clear.

[Quidat]

All the wealth that we will have has actually been determined and of course many have experienced things like you because they regretted releasing some of our Bitcoin assets because there was an urgent need while at that time the price of Bitcoin was very low, especially if it was converted to the current price, the difference would be enormous. but all that does not need to be regretted because you sold your assets for other needs and it is proven that you can still survive today.

When it do talks about sudden need of money due to some emergencies then this is something that you shouldnt really regret because just like what you said that if you havent
done such thing then you wouldnt really be on this moment specially into those times do talks about health issues or needs of money then its not something that you should
regret on but it cant really be avoided that you wouldnt really be minding those things considering that if you do just able to hold your coins until now then you are
definitely rich on this time if we do speak about the current value of bitcoin but well past is past and we cant change it out.

[teddybear]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

Mann, it's very natural but we need to remember that in crypto even single day change your life either up or down it depends but learn to satisfy what you get otherwise will cry everyday......

[Sebas.tian]

Yes you are right it hurts but remember that price fluctuates on larger degree, the time at which you invest in bitcoin so there was not such a high rate and now a days the rate is so up that not every person can make investment in bitcoin. You should get a lesson from you precursory experience and it will be better for you to be winning in coming years. Other thing is that never invest your complete reserve in crypto as there is no surety that it will allot you excess.

It is not advisable to invest all your money in crypto investment, because the market price can decide to remain low more than 3 or 4 years to make some investors that invested half of their money in crypto to exercise patience for the bull market to come before they can sell to make a good profits. And those that invested all their money on crypto don't have options to hold at the moment for 3 or 4 years than to sell to solve the family problem or business problem at the moment. Try to buy when the price is low in the market and hold for the price to increase higher in the market before you can sell in the market which is the best strategy many crypto investors are using to achieve success from their crypto investment. I think, it will be difficult for people to experience failure from their crypto investment compared to 2010 and 2011, because many people have learned from other people mistakes in the community never to experience any losses from the market again.

[Piesel]

Ops your experience is not different from the experience of many of us here, I had a similar experience in 2014 when I lost almost everything to a fire incident and that took a toll on my investment and I almost run into depression, but then I was lucky I had some really good friend and group mates who always encourage me to continue after the incident.

But time has passed and I have fully recovered from that experience I encourage you to get over it and move on to the pursuit of success and better life, better days are ahead for the crypto community.

[JayJuanGee]

Yes you are right it hurts but remember that price fluctuates on larger degree, the time at which you invest in bitcoin so there was not such a high rate and now a days the rate is so up that not every person can make investment in bitcoin. You should get a lesson from you precursory experience and it will be better for you to be winning in coming years. Other thing is that never invest your complete reserve in crypto as there is no surety that it will allot you excess.

It is not advisable to invest all your money in crypto investment, because the market price can decide to remain low more than 3 or 4 years to make some investors that invested half of their money in crypto to exercise patience for the bull market to come before they can sell to make a good profits. And those that invested all their money on crypto don't have options to hold at the moment for 3 or 4 years than to sell to solve the family problem or business problem at the moment. Try to buy when the price is low in the market and hold for the price to increase higher in the market before you can sell in the market which is the best strategy many crypto investors are using to achieve success from their crypto investment. I think, it will be difficult for people to experience failure from their crypto investment compared to 2010 and 2011, because many people have learned from other people mistakes in the community never to experience any losses from the market again.

If you are talking about bitcoin, then why don't you use the word?  You did not use the word at one point in your post.  Are you talking about bitcoin or something else?

I have hardly any clue when I see the word crypto..

Don't be buying shitcoins, and if you believe that there is a strong investment thesis then why aren't we just talking about bitcoin? 

Oh, you want to leave room for ethereum, without mentioning it?  Fuck ethereum, you don't even know what it is going to be in 2 weeks.. which has always been the case with that.. so if we are talking about keeping money in something for potentially longer than 3-4 years because we need to have to be able to ride out such possible volatility, then we are likely ONLY talking about bitcoin.. So why not use the word bitcoin in order to clarify - unless you really believe that there is some crap coins that are somewhat comparable to bitcoin.. but still pretty vague to be referring to the whole thing as crypto merely because you see other likely confused folks to be presenting with such ambiguities.. perhaps purposefully some of them.

Ops your experience is not different from the experience of many of us here, I had a similar experience in 2014 when I lost almost everything to a fire incident and that took a toll on my investment and I almost run into depression, but then I was lucky I had some really good friend and group mates who always encourage me to continue after the incident.

But time has passed and I have fully recovered from that experience I encourage you to get over it and move on to the pursuit of success and better life, better days are ahead for the crypto community.

You too.. fuck crypto and the crypto community... that's an amorphous term. What is the "crypto community?"

Yeah.. "I am into crypto"  It's kind of like gambling, you know.   

[Brandon]

Hello, didnt expect that this topic is still alive !!
So in my life nothing change, if anyone wanna donate me here is addy:
BTC -3B1rkbpz2caGjJBiH596BzJrwZh95HXNoA
Doge - DG5XqeiotNzL3Bjb7eUey7e8KXFgZ3GXCV
ETH - 0x905d6a67f28901738c9966d0b1df35ce8a3d8c7f
LTC - M9D4BVH7fzU5hS5k5kT5oGoG3UjFbXTE21
Some guys made so made posts in this topic, this gonna be long night

[JayJuanGee]

Hello, didnt expect that this topic is still alive !!
So in my life nothing change, if anyone wanna donate me here is addy:
BTC -3B1rkbpz2caGjJBiH596BzJrwZh95HXNoA
Doge - DG5XqeiotNzL3Bjb7eUey7e8KXFgZ3GXCV
ETH - 0x905d6a67f28901738c9966d0b1df35ce8a3d8c7f
LTC - M9D4BVH7fzU5hS5k5kT5oGoG3UjFbXTE21
Some guys made so made posts in this topic, this gonna be long night

Personally, I am a big advocate for self-help, and I am not opposed to assisting folks who have come into hard times.  You do not seem to even come close to anything like that, and for sure, through the interwebs, it is not very easy to verify sob stories, so in that regard, there are quite a few members (including yours truly) who are quite skeptical of seemingly opportunistic beggars - like you seem to be presenting yourself as such.

You might ask.  "What might self-help looked like for someone like me?"  Actually, even if you don't ask or want to ask, there are good examples for self-help in bitcoinlandia, and for example, if you had been putting $10 per week since the time of your late 2015 fuck up (or let's just say it took you nearly a year to figure out that you had fucked up in late 2015), so you could have started buying back into bitcoin at $10 per week 6 years ago, then by now you would have invested $3,130 and you would have accumulated right around 0.7 BTC.  

Not exactly world-changing amounts of money, but you would have more options by having 0.7 BTC right now rather than not having diddly squat and resorting to pitiful begging practices.

Of course, if you had been more aggressive in your reinvestment approach back into BTC, and you had invested $100 per week rather than $10 per week, then you would have had invested 10x more with $31,130 invested, and you would have accumulated nearly 7 BTC.

Ever since March 2020, I have suggested that people in the west try to be more aggressive with their investment into bitcoin with something like $100 per week rather than $10 per week, but each of us needs to figure out our own situation in such ways that each of us is careful to invest within reasonable and prudent boundaries of our means - without getting too aggressive and without relying upon pitiful begging that is really showing that you likely do not have much if any scruples in regards to figuring out ways to build for yourself rather than expecting handouts - in the event that we can eve believe the truth of your original story that you told, either..  

From my perspective, you have been failing and refusing to describe various BTC building efforts that you have been attempting, and instead, you just show yourself as a weak hand who sold too many BTC too soon (that is if we can believe your story in the first place), and have not presented yourself as a very sympathetic character and making it worse with your begging bullshit - as if anyone should give any shits about your situation merely because your original post had resulted in an interesting topic with a lot of posts from various other contributing members contained within this thread..

[Dr.Osh]

pretty much the same people story as you buddy. many people regret not sticking with what they believed at the time. in fact, when you see a documentary about bitcoin, they all stop believing in bitcoin. Scattered FUDs are so hard to resist. In addition, many also stop believing because of urgent economic needs. Well, each of us has a story of regret in the crypto world, and I have one too. anyway, I'm trying to fix that at the moment. although I'm re-accumulating assets bit by bit, I think it's good enough to hold on to longer term again.

[bitzizzix]

Everything will be an experience and also a very valuable lesson, and I also experience it but I am quick to think smart.
and I need to be able to differentiate between saving and investing from my paycheck, and I do both.
save only for immediate needs and invest for the long term or the future, which I think will be more effective and there will be no regrets in my investment even if the price drops. Because my goal for the long term is definitely the price will rise again even more than the highest price, and I believe that.
and i divide my salary every month regularly 15% for bitcoin, and 10% for savings, but when bitcoin price drop sharply to very low price i increase to buy bitcoin.

[LFC_Bitcoin]

There are lots of people in similar situations to the OP. I think for those who were in bitcoin really early & lost it all, it’s worse for them than noobs who come now & can’t even buy 1 full bitcoin.

The thing is, life is too short. You can’t spend your life full of regret. Embrace life, make the best of it & start buying bitcoin again. You probably won’t be in as good a position as you would have been if you HODLED but you’ll still be in a better position than most of the world.

Dust yourself down & go again.

[pawanjain]

There are lots of people in similar situations to the OP. I think for those who were in bitcoin really early & lost it all, it’s worse for them than noobs who come now & can’t even buy 1 full bitcoin.

The thing is, life is too short. You can’t spend your life full of regret. Embrace life, make the best of it & start buying bitcoin again. You probably won’t be in as good a position as you would have been if you HODLED but you’ll still be in a better position than most of the world.

Dust yourself down & go again.

The whole point of early bitcoiners selling all their bitcoins at cheap prices is due to the fact that bitcoin price had spiked up so much.
If the same would have happened in the opposite direction and bitcoin would not have gained so much in price then these people wouldn't have worried so much.
May be they are unfortunate that bitcoin gained so much traction but they are still at a good place because bitcoin is still cheap.
Even if they get in now chances are that they will gain huge profits in future and yet there are many who selling at such cheap prices.
The same people will worry when bitcoin price will touch the new ATH. So the cycle repeats.

[xzy887]

Life will always give you many more opportunities and you can still earn a lot through Bitcoin. See so many newbies are working enthusiastically, even when they are new and have little understanding of Bitcoin. They still have belief that Bitcoin can get them good financial benefits, if if not make them filthy rich.

Gaining knowledge is more important than earning in Bitcoin. Now many people say that Bitcoin will not return to its previous state or that it is not possible to earn from Bitcoin due to the bad market. But those who are new, who don't know the past of Bitcoin are still working and earning with interest. But after some time, their interest will also decrease. And they regret that if they had known about Bitcoin 11 years earlier, they would have known better.Likewise 11 years later newbies will regret that they could have learned better about Bitcoin 11 years ago. It will continue like this. And this is because people are more interested in gaining knowledge than earning in Bitcoin.

[ajiz138]

Everything will be an experience and also a very valuable lesson, and I also experience it but I am quick to think smart.
and I need to be able to differentiate between saving and investing from my paycheck, and I do both.
save only for immediate needs and invest for the long term or the future, which I think will be more effective and there will be no regrets in my investment even if the price drops. Because my goal for the long term is definitely the price will rise again even more than the highest price, and I believe that.
and i divide my salary every month regularly 15% for bitcoin, and 10% for savings, but when bitcoin price drop sharply to very low price i increase to buy bitcoin.

From that experience we can learn to think intelligently how to have experienced darkness but over time we can think smartly to be able to manage well in terms of our monthly salary finances.
I think you have differentiated well for long-term plans of course those are all plans that we want to invest in bitcoin but have a savings fund and there is also an emergency fund that has all been taken into account for future situations.

I also do the same thing where every monthly salary there must be a certain allocation divided into several percent, DCA, savings, rent, emergency funds and the rest are daily necessities, I have committed to my family that this plan must be done as early as possible, don't until later when we urgently have an emergency fund that can be used and investment funds for the future of my family and children, because I also want a brighter future because of this plan.

During the long journey of my investment in bitcoin only 0.5BTC is currently in hand, this will be maintained forever and continue to earn from DCA as a long term addition.

[snipie]

The whole point of early bitcoiners selling all their bitcoins at cheap prices is due to the fact that bitcoin price had spiked up so much.
If the same would have happened in the opposite direction and bitcoin would not have gained so much in price then these people wouldn't have worried so much.
May be they are unfortunate that bitcoin gained so much traction but they are still at a good place because bitcoin is still cheap.
Even if they get in now chances are that they will gain huge profits in future and yet there are many who selling at such cheap prices.
The same people will worry when bitcoin price will touch the new ATH. So the cycle repeats.

Many of the early bitcoiners sold their earnings once the price raised or after the crash, some others in between for low price.
There is another part that stopped dealing with bitcoin although having funds and lost every connection with those frozen and lost forever money.
I assume most people didn't expect to see Bitcoin skyrocketing that high otherwise the situation would be different.
I joined in the middle of the actual road if we could say that, so I have an idea about the past and it was sad for many and glorious for a couple of people.

[rendravolt]

At least you have tried very well, even though the results are not satisfactory but you get more experience than other people. But if you keep remembering this incident, of course you will not be able to move on and will be trapped in a deep abyss. You should start a new life from now on, if later you get better results, then invest in bitcoin with a trusted platform to avoid fraud again.

[Techkoy407]

calm down my friend

I also didn't know and didn't think that bitcoin would be this expensive,
if only at that time I bought only 10 BTC and I sold the BTC when the price was going up,
that would be awesome,

Let bygones be bygones
Don't get too caught up in regret
maybe not his

what is certain from now on, I will not waste the opportunity and will continue to look for that opportunity,

spirit.

[reagansimms]

Hello, didnt expect that this topic is still alive !!
So in my life nothing change, if anyone wanna donate me here is addy:
BTC -3B1rkbpz2caGjJBiH596BzJrwZh95HXNoA
Doge - DG5XqeiotNzL3Bjb7eUey7e8KXFgZ3GXCV
ETH - 0x905d6a67f28901738c9966d0b1df35ce8a3d8c7f
LTC - M9D4BVH7fzU5hS5k5kT5oGoG3UjFbXTE21
Some guys made so made posts in this topic, this gonna be long night

Hello Brandon.

As @JayJuanGee has stated under the topic I quoted, this forum has so many generous people who are ready to help anyone when in difficult times. One example you can see here [Donations] Fundraising for the Floods disaster in Pakistan.

Please help me to answer some of the questions below.

• How old are you.?
• What is your job now.?
• How is your health condition?
• Are you a perfect human (not disabled).?

At the opening of the topic you said that you had worked in an IT company, meaning you have experience and are very computer literate.

i was working in IT company

Start Innovating in this forum, you can dig a lot of knowledge here to get more decent money. Do new things, such as opening a management spreadsheets and signature service on the Board Services or another job that is more worthy than being a beggar.

Come on buddy, stop doing things like this. There is still much you can do to earn money in a more respectful way.

[JayJuanGee]

Everything will be an experience and also a very valuable lesson, and I also experience it but I am quick to think smart.
and I need to be able to differentiate between saving and investing from my paycheck, and I do both.
save only for immediate needs and invest for the long term or the future, which I think will be more effective and there will be no regrets in my investment even if the price drops. Because my goal for the long term is definitely the price will rise again even more than the highest price, and I believe that.
and i divide my salary every month regularly 15% for bitcoin, and 10% for savings, but when bitcoin price drop sharply to very low price i increase to buy bitcoin.

From that experience we can learn to think intelligently how to have experienced darkness but over time we can think smartly to be able to manage well in terms of our monthly salary finances.
I think you have differentiated well for long-term plans of course those are all plans that we want to invest in bitcoin but have a savings fund and there is also an emergency fund that has all been taken into account for future situations.

I also do the same thing where every monthly salary there must be a certain allocation divided into several percent, DCA, savings, rent, emergency funds and the rest are daily necessities, I have committed to my family that this plan must be done as early as possible, don't until later when we urgently have an emergency fund that can be used and investment funds for the future of my family and children, because I also want a brighter future because of this plan.

During the long journey of my investment in bitcoin only 0.5BTC is currently in hand, this will be maintained forever and continue to earn from DCA as a long term addition.

Sometimes there can be temptations to dip into your BTC too.. so I am glad that you have resolve to keep your bitcoin investment separate from your other matters, and if you keep a sufficient balance in your life, then you may be able to have enough luck in terms of never having to dip into your BTC reserves except at a time that is totally of your own choosing.

Sometimes you might learn to keep a certain quantity of fiat as your "always reserves", and then some things might come up (expenses or loss of income) in which you notice that your reserves are getting sucked dry and you may well not be holding enough reserves, so when you go through the "tight cash" period of time, you learn your borders.. and maybe you learn to keep a tiny bit more as your reserves, but then sometimes the opposite scenario might occur, and you may well realize that your cushion has been so great that you feel comfortable to slim down your cushion at least for a short period of time, and you may well even determine that you are able to make a long term change to keeping your cushion at a lower amount than you had previously kept  - and part of the reason for your ability to confidently make adjustments, is that the more that you prepare and plan ahead, then the more practiced you get at determining how much of a cushion you are able to keep without starting to feel too anxious about whether you have enough or if you have too much and you have reached an overall comfortable balance that you have tested over and over.. and you are continuing to learn even while getting better at it.. (hopefully).

At least you have tried very well, even though the results are not satisfactory but you get more experience than other people. But if you keep remembering this incident, of course you will not be able to move on and will be trapped in a deep abyss. You should start a new life from now on, if later you get better results, then invest in bitcoin with a trusted platform to avoid fraud again.

Of course, bitcoin allows normal people to hold their own private keys. 

And, sure investing through a "trusted platform" might be part of the solution, but another part of the solution is understanding and appreciating that there are additional kinds of risks when you are keeping your coins with third parties, and even if you decide to continue to keep some of your coins with third parties, there are ways to learn ways to keep your coins (your private keys), and the more value that you hold, the more  important it becomes to learn about various ways to keep your private keys and to attempt to take away third party risk.

We know that holding your own keys is not free from risk, and there are a decent number of people who have lost access to their private keys because they did not adequately secure their private keys... so the amount of learning about private key management is not any kind of trivial manner, and may well need practice on at least a yearly basis and maybe even changes in ways that keys are held..

If you save your private keys but you do not save a back up, or you are sloppy with your back up, then those are risks as well because you might develop a false sense of security or too much complication and end up locking yourself out of your coins.

calm down my friend

I also didn't know and didn't think that bitcoin would be this expensive,
if only at that time I bought only 10 BTC and I sold the BTC when the price was going up,
that would be awesome,

Let bygones be bygones
Don't get too caught up in regret
maybe not his

what is certain from now on, I will not waste the opportunity and will continue to look for that opportunity,

spirit.

What are you doing, then Techkoy407?

Do you have a plan? 

Have you bought any BTC?

Best way to prepare is to get started as soon as possible.. especially if we are talking about bitcoin and not some other topic.

[glendall]

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

you are not alone, I am like that, make it motivation to grow, not even despair,
all there is a way to reach the level of satisfaction in life
very grateful at this time. because below us there are still those who are not as lucky as us who know crypto and have felt the results of crypto itself

[ajiz138]

From that experience we can learn to think intelligently how to have experienced darkness but over time we can think smartly to be able to manage well in terms of our monthly salary finances.
I think you have differentiated well for long-term plans of course those are all plans that we want to invest in bitcoin but have a savings fund and there is also an emergency fund that has all been taken into account for future situations.

I also do the same thing where every monthly salary there must be a certain allocation divided into several percent, DCA, savings, rent, emergency funds and the rest are daily necessities, I have committed to my family that this plan must be done as early as possible, don't until later when we urgently have an emergency fund that can be used and investment funds for the future of my family and children, because I also want a brighter future because of this plan.

During the long journey of my investment in bitcoin only 0.5BTC is currently in hand, this will be maintained forever and continue to earn from DCA as a long term addition.

Sometimes there can be temptations to dip into your BTC too.. so I am glad that you have resolve to keep your bitcoin investment separate from your other matters, and if you keep a sufficient balance in your life, then you may be able to have enough luck in terms of never having to dip into your BTC reserves except at a time that is totally of your own choosing.

Sometimes you might learn to keep a certain quantity of fiat as your "always reserves", and then some things might come up (expenses or loss of income) in which you notice that your reserves are getting sucked dry and you may well not be holding enough reserves, so when you go through the "tight cash" period of time, you learn your borders.. and maybe you learn to keep a tiny bit more as your reserves, but then sometimes the opposite scenario might occur, and you may well realize that your cushion has been so great that you feel comfortable to slim down your cushion at least for a short period of time, and you may well even determine that you are able to make a long term change to keeping your cushion at a lower amount than you had previously kept  - and part of the reason for your ability to confidently make adjustments, is that the more that you prepare and plan ahead, then the more practiced you get at determining how much of a cushion you are able to keep without starting to feel too anxious about whether you have enough or if you have too much and you have reached an overall comfortable balance that you have tested over and over.. and you are continuing to learn even while getting better at it.. (hopefully).

I think the temptation must be there because we don't know when it will happen, but anticipation must remain given the current inflation situation, of course there will be little influence for us, therefore separating other investments from Bitcoin I will do for balance so that I can own Bitcoin in a different way which is safe without any problems, it's not all in the big Bitcoin reserves but at least I've never gone through how to set aside a gratuity for that Bitcoin and it has been my choice for a long time.

Well of course there must be fiat reserves but for my fiat not in crypto form but storing in the bank to make it safer and also easy to use at any time, this fiat reserve is always the main thing than other investments because after all if there is a decline in my income maybe I can use this spare money and not interfere with other plans that have been implemented, I will still try to balance in terms of my income and expenses every month, but with that record we can know how much we are keeping and also input into the investment Well, that's right, there must be a careful calculation in order to keep it stable, that's what I want in the future.

Learning is important, every time I explore social media I always pick up words that I think are good, and always be an inspiration that I will instill.

[pawanjain]

The whole point of early bitcoiners selling all their bitcoins at cheap prices is due to the fact that bitcoin price had spiked up so much.
If the same would have happened in the opposite direction and bitcoin would not have gained so much in price then these people wouldn't have worried so much.
May be they are unfortunate that bitcoin gained so much traction but they are still at a good place because bitcoin is still cheap.
Even if they get in now chances are that they will gain huge profits in future and yet there are many who selling at such cheap prices.
The same people will worry when bitcoin price will touch the new ATH. So the cycle repeats.

Many of the early bitcoiners sold their earnings once the price raised or after the crash, some others in between for low price.
There is another part that stopped dealing with bitcoin although having funds and lost every connection with those frozen and lost forever money.
I assume most people didn't expect to see Bitcoin skyrocketing that high otherwise the situation would be different.
I joined in the middle of the actual road if we could say that, so I have an idea about the past and it was sad for many and glorious for a couple of people.

Yeah, if people would have thought that bitcoin could reach such heights many would have surely hold their bitcoins.
In fact there are some people who are still holding their coins and enjoying the ride.
There is a Youtuber from the early days who begged people to buy few bitcoins back then and it was only a few dollars worth then.
On the other hand there are others who spent 10k BTC on a pizza yet they don't regret their decision.
So it pretty much depends on us on how to react on our own decision. We can either regret or move on to find better opportunities.

[Obito]

Life will always give you many more opportunities and you can still earn a lot through Bitcoin. See so many newbies are working enthusiastically, even when they are new and have little understanding of Bitcoin. They still have belief that Bitcoin can get them good financial benefits, if if not make them filthy rich.

Totally agree, I think that as long as you are alive, opportunities are always going to arise and there's only one way to approach those opportunities which is seizing, that's why I am still alright even when the market is going down, I know that it's just a stint in the market and it's not a permanent thing.

[Zanab247]

Life will always give you many more opportunities and you can still earn a lot through Bitcoin. See so many newbies are working enthusiastically, even when they are new and have little understanding of Bitcoin. They still have belief that Bitcoin can get them good financial benefits, if if not make them filthy rich.

Totally agree, I think that as long as you are alive, opportunities are always going to arise and there's only one way to approach those opportunities which is seizing, that's why I am still alright even when the market is going down, I know that it's just a stint in the market and it's not a permanent thing.

Many people are still coming to testify about the good of Bitcoin, and how it has helped them to overcame many things in the environment. Since many newbies are using this bear market to purchase Bitcoin and hold for the price to move higher before they can sell to make a passive incomes from the market, will also make them to regret why they did not know Bitcoin Bitcoin on time in the community. It Never too late to know Bitcoin, but the most important thing with Bitcoin investment, try your possible best to carry out your personal research to know when to sell to make a passive incomes and know when to buy Bitcoin not to miss the next opportunity.

[beej]

Well I too have my own share of regrets with regards
to cryptocurrency and investments. I do wish I had
invested earlier when prices were low and bitcoins in
my country was not that much of a big deal. During
2010 until 2015, there was so much skepticism and
doubt about it, scams were always on the news and
people mostly associated cryptocurrency as one.
It was a different time then, even trading platforms
and bitcoin wallets were limited, very few options
were available in my country. But still bitcoins
prevailed over the years and now with all the other
crypto out there, it has sprouted and grown higher.
Even a 10 year old neighbor of mine has a bitcoin
wallet and knows the trends and nfts and stuff.
Im hopeful things are not that too late, prices are
a bit dipping right now so it’s a good start to probably
get back at it. Never too late.

[JayJuanGee]

Life will always give you many more opportunities and you can still earn a lot through Bitcoin. See so many newbies are working enthusiastically, even when they are new and have little understanding of Bitcoin. They still have belief that Bitcoin can get them good financial benefits, if if not make them filthy rich.

Totally agree, I think that as long as you are alive, opportunities are always going to arise and there's only one way to approach those opportunities which is seizing, that's why I am still alright even when the market is going down, I know that it's just a stint in the market and it's not a permanent thing.

Many people are still coming to testify about the good of Bitcoin, and how it has helped them to overcame many things in the environment. Since many newbies are using this bear market to purchase Bitcoin and hold for the price to move higher before they can sell to make a passive incomes from the market, will also make them to regret why they did not know Bitcoin Bitcoin on time in the community. It Never too late to know Bitcoin, but the most important thing with Bitcoin investment, try your possible best to carry out your personal research to know when to sell to make a passive incomes and know when to buy Bitcoin not to miss the next opportunity.

No one is going to get to "passive income" status with bitcoin or with any other "crypto" until after they have spent a decent amount of time building their investment portfolio... and if we focus on bitcoin, and do not get caught up in the various bullshit ideas of yield and a lot of that crap that causes people to store their bitcoin (or crypto) with third parties who may well end up gambling with their coins.

So if the goals are to work up to getting to some kind of a status in which you are able to live off of your bitcoin, then it seems to me that there is a need to build the bitcoin holdings to a high enough level that there are feelings of stability and security.. and that is likely to take most people a pretty damned long time, even if the come to bitcoin with a decent amount of capital/value that they want to inject (invest) into it in order to complement other investments that they might have.

If your investment is only in bitcoin, or only in bitcoin and dollars then there is a certain amount of risks and difficulties to deal with the ongoing and expected continued volatility of bitcoin, so having other investments can balance that out.. or another way to balance it out is to reach a status of being overinvested in order to be able to evaluate your the value of your holdings in terms of their bottom price (potential) rather than getting too caught up with the ups and downs.. .. but at the same time, none of us can really escape the roller coaster aspects of the ups and down of bitcoin, yet another question remains about how much to put into bitcoin, how much to retain in bitcoin, and what are appropriate and comfortable allocations into other assets.

Does anyone know appropriate and comfortable allocations of bitcoin as compared with other assets?  It's likely tailored differently for the circumstances of each person, right?

I am not against the idea of passive income, but I am bothered by it being used in ways that make it sound as if it is easy to achieve.. which a lot of marketers like to throw around such term, including trying to get you to invest into get rich quick schemes, and most of the time, it is going to take a decent amount of time to build up to "passive" income, and some income is more passive than other income as well. in terms of how much work is necessary and how much sitting back and relaxing is going to be in the cards?

Well I too have my own share of regrets with regards
to cryptocurrency and investments. I do wish I had
invested earlier when prices were low and bitcoins in
my country was not that much of a big deal. During
2010 until 2015, there was so much skepticism and
doubt about it, scams were always on the news and
people mostly associated cryptocurrency as one.
It was a different time then, even trading platforms
and bitcoin wallets were limited, very few options
were available in my country. But still bitcoins
prevailed over the years and now with all the other
crypto out there, it has sprouted and grown higher.
Even a 10 year old neighbor of mine has a bitcoin
wallet and knows the trends and nfts and stuff.
Im hopeful things are not that too late, prices are
a bit dipping right now so it’s a good start to probably
get back at it. Never too late.

One thing is to try to stay focused on bitcoin first instead of getting all distracted with various other projects.  Once you get some good grasp of bitcoin and establish your position in bitcoin, then maybe you can take a small portion of your stash and fuck around with other stuff.. but it really does not seem to be necessary to get involved in a whole bunch of bullshit with other things until you really establish yourself with bitcoin first.

Establishing yourself with bitcoin could take 4-10 years or longer - just depending on your situation, how much value you come to bitcoin with and your methods and strategies for investing into it.

Sure, we can look back at history and presume that bitcoin already had a "good run;" however, we continue to be in pretty damned early days.  Historically bitcoin was difficult to use and difficult to get into, and there are still some of the technical issues and lack of user-friendliness issues and also various ways that you can fuck up by not storing your bitcoin properly, not having proper back ups or otherwise screwing yourself to become parted with your coins.

So it seems to me that we are still pretty early days in bitcoin, even if you think that everyone has heard of it, but still we have relatively low investment levels in terms of the whole population, and even though there has already been decent price appreciation, there is still likely more upside to come - no guarantees with anything, of course.

[Moeda]

~

Forget the past about it all, because it only makes you disappointed. You sell Bitcoin from savings to treat your sick wife and save your wife. That's something commendable. This Bitcoin is worth nothing compared to your wife. What you have to do now is try to get back to getting Bitcoin even though it is not comparable to what you got in the past. I am touched to hear your story and your struggle.

[Jody.Drummer]

~

Forget the past about it all, because it only makes you disappointed. You sell Bitcoin from savings to treat your sick wife and save your wife. That's something commendable. This Bitcoin is worth nothing compared to your wife. What you have to do now is try to get back to getting Bitcoin even though it is not comparable to what you got in the past. I am touched to hear your story and your struggle.

You're right, maybe the OP will regret it more when he prefers to keep his bitcoins. What you do is right even if you lose bitcoins but you still have something more valuable than that. After all, saving someone would be more important than anything else. If I were in the OP's position I would do the same thing as the OP did.
Just imagine if you don't do it for your wife, maybe you will regret it from now on and maybe you can't forgive yourself.
Maybe I will say, do not regret because something you do is more valuable than anything.

[salad daging]

-cut

One thing is to try to stay focused on bitcoin first instead of getting all distracted with various other projects.  Once you get some good grasp of bitcoin and establish your position in bitcoin, then maybe you can take a small portion of your stash and fuck around with other stuff.. but it really does not seem to be necessary to get involved in a whole bunch of bullshit with other things until you really establish yourself with bitcoin first.

Establishing yourself with bitcoin could take 4-10 years or longer - just depending on your situation, how much value you come to bitcoin with and your methods and strategies for investing into it.

Sure, we can look back at history and presume that bitcoin already had a "good run;" however, we continue to be in pretty damned early days.  Historically bitcoin was difficult to use and difficult to get into, and there are still some of the technical issues and lack of user-friendliness issues and also various ways that you can fuck up by not storing your bitcoin properly, not having proper back ups or otherwise screwing yourself to become parted with your coins.

So it seems to me that we are still pretty early days in bitcoin, even if you think that everyone has heard of it, but still we have relatively low investment levels in terms of the whole population, and even though there has already been decent price appreciation, there is still likely more upside to come - no guarantees with anything, of course.

This is a simple understanding for @beej I think it is true that he should focus on bitcoin more than any other coin which will not have the potential for the future, maybe we can look at his previous history of Bitcoin being so extraordinary with prices that continue to rise so this is as Proving the history of the past will certainly be important and I will understand how the bitcoin cycle will happen again in the future. I so believe.

4-10 years may be too long for him, there can be no DCA system or other means with the accumulation of his purchases, for me he just has to keep bitcoins for two years he will feel how to actually hold it, of course it will take a long time but at least with his belief that bitcoin is the future and also now is not too late to buy then it must be principally as a valuable coin meaning that it can store as long as possible will feel how bitcoin will be big later.

Never ever be tempted by a new project especially with big APY offers, HYPE, FOMO, and that has to be faced for @beej until you win with the full Bitcoin goal.

[Inwestour]

You're right, maybe the OP will regret it more when he prefers to keep his bitcoins. What you do is right even if you lose bitcoins but you still have something more valuable than that. After all, saving someone would be more important than anything else. If I were in the OP's position I would do the same thing as the OP did.
Just imagine if you don't do it for your wife, maybe you will regret it from now on and maybe you can't forgive yourself.
Maybe I will say, do not regret because something you do is more valuable than anything.

Besides all that has been said, I would like to add that it is never too late to start over. At the moment, starting probably in the spring of this year, I started all over again and started buying bitcoin, but now everything looks more complicated, the price is higher, but there have always been and will always be difficulties. You can start over and achieve even greater results, the most important thing is to understand that there are people nearby for whom you want to do this.

[blockman]

Many have sold their bitcoins at an early age and at a low price. But, the matter is that mostly thinks that the price would likely be low at those early times.
That's whoever have held for a long time and have been a solid believer of bitcoin then he/she deserves those profit that he had been through. It's okay that you're seeing those people buying their homes and cars and that's what they deserve. That's part of life and investing could really make you rich or it'll make you disappointed at the end because you've made a decision at that time that you have to sell because you've got nothing else to sell for most important thing on that day in the past.

[OsipBabin]

Hello everyone, today i want to tell you about my crypto-depression.
So in 2010 i was working in IT company and my friend from work told me about bitcoin mining.
Next day after this information i register on this forum and start mining coins, everything going perfect but bitcoin price was really low and unstable.
I was investing everything in gpu. Couple times i lost my fund's on scam-exchange but i still had a lot of "mining power".
In 2015 i quited my job and invest my whole savings in bitcoin, in that time i had more than 15 bitcoin's and gpu worth 20k$.
And after 2 or 3 week's everything fucked up, in same time i lost my job and my wife get sicked.
In Nov 2015 i selled everything but still i had -$$$$ to pay, so you probably asking why i made this post?

Now after 6 years i have biggest depression ever, if i only burrow money from somewhere 5 years ago and didnt sell my miners...

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I believe that there will be many people who have your experience, and it is useless to regret. But as an early participant, or when Bitcoin first started, you were lucky enough to join. What I want to ask is: Have you studied Bitcoin in depth and improved your awareness while doing your job well? But I hope you will not be discouraged. It is still in the early stage of Bitcoin. Every day is a new beginning, and you can participate. Keep a good attitude. Good luck.