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Author Topic: My feelings after 11 years with crypto.  (Read 3360 times)
Inwestour
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August 29, 2022, 05:17:16 PM
Merited by JayJuanGee (1)
 #221

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! Smiley
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August 29, 2022, 08:58:27 PM
Merited by JayJuanGee (1)
 #222

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.

R


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August 30, 2022, 12:17:00 AM
 #223

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..

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 30, 2022, 04:11:12 AM
Merited by JayJuanGee (1)
 #224


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.

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August 30, 2022, 06:59:03 AM
 #225

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...
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August 30, 2022, 10:29:35 AM
Merited by 348Judah (1)
 #226

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.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 30, 2022, 11:43:39 AM
 #227

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! Smiley

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.

R


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August 30, 2022, 12:00:54 PM
 #228

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

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August 30, 2022, 12:40:25 PM
Merited by JayJuanGee (1)
 #229

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.

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August 30, 2022, 01:57:48 PM
 #230

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

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August 30, 2022, 06:08:13 PM
Merited by JayJuanGee (1)
 #231

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.

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August 30, 2022, 08:47:10 PM
 #232

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.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 30, 2022, 09:18:34 PM
 #233

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.
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August 30, 2022, 09:47:25 PM
 #234

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.  Huh
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.


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August 31, 2022, 06:03:30 AM
Merited by fillippone (2), JayJuanGee (1), Husna QA (1), Ultegra134 (1)
 #235

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.


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August 31, 2022, 02:17:31 PM
Merited by JayJuanGee (1)
 #236

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.

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August 31, 2022, 03:35:59 PM
Merited by JayJuanGee (1)
 #237

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.
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August 31, 2022, 06:40:34 PM
 #238

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.
 
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August 31, 2022, 07:47:53 PM
 #239

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.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 31, 2022, 07:59:12 PM
 #240

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.

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