How I Missed Out of a 10 Year Bitcoin Investment Plan

[Sled]

Putting to that situation, I can't directly make a decision right away. To invest in a thing that we never know nor have deep knowledge about it is risky and of course, we don't want to lose our money but rather to have assurance.

I can't say that you were right to decline the offer but that was your first meeting and that you need to be careful, that should a thing to do. Maybe, if that person comes back to you and brings some proof, that really something it drives to accept the deal. But that is something crazy and in fact, only a few people had thought that Bitcoin will become valuable this time.

It might be regretting because you can see the price of Bitcoin is growing but what if it won't, that you lose your money as well.

[Oceat]

You just made the right choice to ignore his offer since you don't know him and you don't understand how Bitcoin works yet and I bet he would just run away your money and didn't bother to contact you even after 10 years. That's what scammers do so you are still lucky you didn't fall for his trap because we all know that you can just buy Bitcoin by yourself without the help of the others if you just do your own research you would be one of the millionaire today.

But not every early adopters managed to hodl their Bitcoin until today since most of them sold it early because they were afraid that their investment might gone for good with an unknown digital asset. Lucky for those guys who have managed to hodl the rest of their Bitcoin until today.

[dupee419]

Honestly, his approach was bad, speculating about how Bitcoin will reach from $1 to $100,000 in 10 years, that's just a bad approach, he could've at least tried to explain how Bitcoin is and how big it's going to be because of how technology evolves, making people want to invest online instead of investing in banks. And that really is a missed opportunity, even I would have deep regrets and up until now I do, I could have bought a lot with the profit I'll gain for investing long-term.

[famososMuertos]

.../7/...,,,

What's your current plan?

I Do Not Complain From Here Onwards.
You think Bitcoin was the only opportunity I had to invest at that time, no! There were several but you just think  about Bitcoin, anyway, maybe the reason not to invest was the right one, it was not mistake to put money to the big "thing" bitcoin, the mistake was not putting "something" that is the real error $ 1000, $ 2000 until only $ 500 it would be a great investment.

See you in 10 years, you will tell us your new experience.

[7788bitcoin]

The 10 year plan ended in February 2020 and Bitcoin was $10k at that time. The prediction was off by wide margin but still good. I never imagined in 2011 that Bitcoin would to that high,and now we're at $62,000 and still going.

I currently have some crypto (BTC, ETH, LTC, etc) but nothing compares to what I'd have got from the Investment plan, or even remotely close. I lost an opportunity to become a Bitcoin billionaire!

This can be a story for everyone who started early, if i were to hold the coins i had which will be over thousand Bitcoin, i will be setting my life for good, but i sold my profit and had a great time in the mean time traveled the world and had a great time and even though i do hold majority of the coins as savings, i too lost the opportunity to make a much bigger profit like you claim .

[Wawa2013]

The 10 year plan ended in February 2020 and Bitcoin was $10k at that time. The prediction was off by wide margin but still good. I never imagined in 2011 that Bitcoin would to that high,and now we're at $62,000 and still going.

I currently have some crypto (BTC, ETH, LTC, etc) but nothing compares to what I'd have got from the Investment plan, or even remotely close. I lost an opportunity to become a Bitcoin billionaire!

This can be a story for everyone who started early, if i were to hold the coins i had which will be over thousand Bitcoin, i will be setting my life for good, but i sold my profit and had a great time in the mean time traveled the world and had a great time and even though i do hold majority of the coins as savings, i too lost the opportunity to make a much bigger profit like you claim .

In life, there are always regrets, so don't think too much if we miss the opportunity to become a millionaire. Because as long as we are alive,
other opportunities are always open, so we must learn from our experiences in the crypto world. The price of Bitcoin in the next 10 years will definitely
be more expensive, so instead of dwelling on the events that have already happened, we better move on and focus on planning the best for the future.
So as long as we try and don't give up, we can definitely get another chance to become a millionaire, therefore always think positive is important.
I also started to collect some coins that I considered potential right now, I will be holding for the next few years, I believe I can get the opportunity
to make a big profit.

[Darker45]

First and foremost, your experience is not an isolated case. The history of Bitcoin is replete with regrets and missed or wasted opportunities. Even Bitcoin OGs who came very early, who's attracted to the technology itself rather than the price, had their fair share of wasted or missed opportunities as well. How much Bitcoin did Hal have in his final years?

Anyway, as for me, I don't have a specific time frame for me to finally let go of my Bitcoin. Time might come I don't even have to convert them to fiat. If I have to, I know it will be a perfect time to do it regardless of the price.

[Poker Player]

What's your current plan?

To simply continue to accumulate Bitcoin.

Your story is reminiscent of the person who could have bought a winning lottery ticket but didn't, or changed the combination at the last minute. Fortunately, in the future I won't have stories to tell like yours.

First and foremost, your experience is not an isolated case. The history of Bitcoin is replete with regrets and missed or wasted opportunities.

That's what happens with an asset that has given such a return as Bitcoin. There were many people who knew about Bitcoin when it was worth very little, who had the opportunity to buy and didn't, or bought and for some reason or another sold, and now think about how much of a multi-millionaire they would have been if they hadn't done so.

I think that better than regretting the past is to look to the future and not make the same mistake. The best day to buy Bitcoin is today. It still has a lot of profitability left to give.

[Anonylz]

The amount was too much for something completely new to everyone at that time, $50k for a virtual investment like you said would probably appear insane to anyone who would hear of it back in 2011, I don't think I would have risk such amount for something am hearing for the first time as well,
You followed your instinct and probably avoid falling into a trap, since the offer triggered some curiosity in you perhaps after the offer you would have invested your $1500 directly, that would have still be a lot better as well, it is never too late to buy btc only that the price is way higher now compare to 10 years back.
Between I have my set target to sell any crypto I own, I don't believe holding forever is the best approach (just my opinion)

[Dripstoil]

I am a bigger idiot because I had excellent background to understand bitcoin myself. But bitcoin showed me I am an idiot. It made me humble that way.

I am a failure in crypto largely because I failed to recognize the opportunity and focused on my day job, stock trading and kept my mining at the hobby level....

Wow! You even had deep knowledge about Bitcoin and mining right from the early days. But don't worry, better days is still ahead. That's what I always tell myself.

Honestly, his approach was bad, speculating about how Bitcoin will reach from $1 to $100,000 in 10 years, that's just a bad approach, he could've at least tried to explain how Bitcoin is and how big it's going to be because of how technology evolves...

He did indeed tried to explain everything to me. The technology, how everything works, and the business model. But I wasn't getting it. At that point, the whole thing were sounding like online banking and payment system, especially his use of Digital Currency instead of Cryptocurrency. That was even the reason I had the little interest in it. But wasn't enough to convince me.

...after the offer you would have invested your $1500 directly, that would have still be a lot better...

1. I had no knowledge about how the whole thing worked. Wanted to learn it but didn't even know where to start from.

2. I didn't want to appear as stealing his business secret. At that time, it was to me as if the Investment plan was his exclusive right.

[sgenuine]

What's your current plan?

As far as my plans are concerned, I have my capital divided into to parts: a bigger part is intended for mainstream currencies such as Bitcoin and Ethereum, BNB, Matic, DOT. I don't sell currencies from this part, I only buy more and more every month and I am going to hold at least 5 years for a new bull run in the future. Another part of money I invest in new risky altcoins that can give big profit in the short period of time.

[virasog]

Half of what you mentioned and if you had invested you could have made a lot of current profits. When you wanted to invest, nobody thought Bitcoin would succeed, not even you thought Bitcoin would succeed. No one had much knowledge of Bitcoin 10 years ago. Gradually, the more people use bitcoin, the more people gain knowledge about bitcoin. Bitcoin was not used by many people before but Bitcoin is used in most countries today.My guess is that in countries where cryptocurrency is not used now, cryptocurrency will be used in those countries in the future.

Actually no one knows that future value of bitcoin and hence we hesitate to invest in it. If everyone knew 10 years ago that bitcoin will reach 50K by 2021, everyone would have sold everything and bought bitcoin under 10$ or 100$.

Even now, if we are confident that in some future time bitcoin will reach 500,000$, we could sell everything and buy bitcoin now, but since we have not seen the future, we can't be sure what could be the future valuation of bitcoin at that time.

[Ararbermas]

You still have chance mate so stop regretting,  just keep in mind that bitcoin always experience a bearish season that can lead the price always below the strong support level, not always a bullish especially when there's a massive decline in the market,  so it's a second chance and big opportunity for those who missed the train from the previous bull run..   If I were you make a plan for the next bull season instead of regretting because its useless.. Remember crypto market is like a roller-coaster if you want to ride in order to reach the highest level you must be ready to don't missed the next opportunity to ride in.

[davis196]

That's a pretty interesting story,OP. I find it hard to believe.
I wonder why you are sharing this story with us right now.You could've done it way earlier,like years ago.
The guy must have been a scammer.Asking for an investment and offering you a 70/30 share seems too sketchy.If he was so convinced that Bitcoin is going to rise,then why he didn't invest his own money,or why he didn't ask his own friends and family.Asking strangers for an investment and promising gigantic profits seems suspicious.I assume that he provided some proof,but proof can be faked.
This guy was most likely a scammer,but he predicted the future.

[so98nn]

Amazing, you would have been owner of multi millionaire but if you go through some posts above then same question is there, the amount of investment like 500,1000 bucks was big amount few years back. The thing is bitcoin is cheap today also if you accept that the value is incriminating every year due to its nature. The correlation of bitcoin with its supply, demand and also mining speed is deciding great demand of value. I’m pretty sure after few years time we will have same person with same story talking about how they lost the big share of bitcoin and would have been millionaire by this time.

I have still not lost the hope as I have started my own little mining farm, grabbing all the opportunities as I can to earn the satoshi or bits.  I’m confident enough that I will make it a full bitcoin one day whether it’s bit by bit or lum sum.

[zaesvlas]

Unfortunately, there are a lot of similar stories. If many people in 2011 knew about such a scenario, it could have developed quite differently.

[batang_bitcoin]

Everyone has that type of opportunity that has just passed by but we're too scared because there's a lot of uncertainty during that time. But yours, it's massive and truly going to be a life changing until many generation of your family. As usual, it's not too late for us, we still have the golden and might see the best from bitcoin. My plan, I don't have a certain time but as long as the target price has been met, I'll slowly sell and get things done and buy those important things that I need in my life which will build things for me to have a better life.

[kryptqnick]

Asking for a huge investment sum into something barely known and claiming that it'll bring huge profits does sound shady. I know Bitcoin did turn out very popular, but I think that you made the right decision back then, given the amount of information and the risk you were supposed to take. It's best not to risk such things. I'm also happy to hear that you didn't give up on Bitcoin, even though you missed an early chance of adopting it.
I wasn't around  in 2011, but I remember when I thought $200 per Bitcoin was too expensive, and then that $1k is unbelievably expensive... So it's hard to invest in the right moment, but now I'm trying to keep some BTC untouched when I can, and not think about the pricing.

[Darker45]

First and foremost, your experience is not an isolated case. The history of Bitcoin is replete with regrets and missed or wasted opportunities.

That's what happens with an asset that has given such a return as Bitcoin. There were many people who knew about Bitcoin when it was worth very little, who had the opportunity to buy and didn't, or bought and for some reason or another sold, and now think about how much of a multi-millionaire they would have been if they hadn't done so.

I think even those who believed in the technology themselves didn't imagine that the price of 1 BTC would reach more than $60,000 someday, or else they wouldn't have sold. They would have accumulated more instead. Even Hal himself who thought that Bitcoin could reach as high as $10 million converted a lot of BTC during his lifetime. Perhaps they considered the possibility of Bitcoin becoming very expensive as remote, so much so that they didn't think twice of selling when Bitcoin was as cheap as a hundred dollars.

I think that better than regretting the past is to look to the future and not make the same mistake. The best day to buy Bitcoin is today. It still has a lot of profitability left to give.

I agree. There were lost opportunities in the past but there are still opportunities today. It would be a pity if we let this opportunity pass the second time around.

[Prince Malik]

I wanted to risk $1,500 but he was looking for $50,000 or nothing.

At that time, 1,500$ is a big money to buy bitcoin. I can guess that the whole minted bitcoin wasn't worth the 50,000$. If 1btc = 10$ then 50k can buy 5000 btc which was not yet minted maybe.
Maybe he was about to scam you.

If I had accepted that offer, the $50,000.00 would have acquired 50,000 units of Bitcoin.

...

The 10 year plan ended in February 2020 and Bitcoin was $10k at that time. The prediction was off by wide margin but still good. I never imagined in 2011 that Bitcoin would to that high,and now we're at $62,000 and still going.

I currently have some crypto (BTC, ETH, LTC, etc) but nothing compares to what I'd have got from the Investment plan, or even remotely close. I lost an opportunity to become a Bitcoin billionaire!

...

Right now, I'm holding till the next 5 years. I'll continue to scrape for a living till then. Hopefully it works in my favor.

...

If you meet someone who doesn't know that you are a successful investor (doesn't know you in person either) and has little/No knowledge about cryptocurrencies, and you told him your story with bitcoin in early days, do you think he will be convinced to set an investment budget of 50,000$ ?

Do you know how many people had early opportunity with the Bitcoin but missed it? Can you imagine that many of them were already investors and Devs?
No one expected the adoption will be that large.

I totally agree
No one expected such adoption and the best proof is that till now there is a very large number of people arround the world don't know about crypto and a largest number dont use it, 1 million holder for a coin or a token is a huge number in the current time and that show at what point crypto is still undercover