How I Missed Out of a 10 Year Bitcoin Investment Plan

[nurilham]

at that time a lot of people missed out bitcoin including me and other people too because the price of bitcoin was still low and it was unthinkable that the price could soar drastically. people who join earlier in bitcoin at that time must have felt the benefits now. but nothing can change if we just regret it. take advantage of existing and currently owned bitcoins so that you can also benefit from it.

[Dripstoil]

Supposing I had invested those $500, which would set me back with approximately 2 Bitcoins, now I'd have a decent sum of money for myself and my family. Even if I'd held that small amount of BTC I had acquired, it would still be worth a few thousand dollars at least.

There are countless of people with similar experience like ours. The feeling of regret is hard to let go but we just have to. And that's what I'm trying to do. The guy who lost his hard drive of 7,500 BTC may probably never live normal life again if he refused to let it go, we just have to let it go and focus on the future.

[Accardo]

Well OP you did not say if you had 50k to invest then and you didn't. That's the actual point where regret should come into place. At that moment your spare funds was $1500 and what was the reason why your friend would reject an investment of $1500 into bitcoin that was at one dollar then these are question you should reminisce about instead of regretting.

Come to think of it, He concealed an intention which you don't know off. He saw you as a complete newbie and predicted that you have 50k to spare, he would have told you some endless stories about how the funds got lost or something else since he had more knowledge about bitcoin than yourself. The only angle where I would have accepted your regrets is, if he advised you to invest the $1500 and you declined.

On the second hand, he never told you how to invest the $1500 and make some profits for yourself even though when the price increases to $100 and you sold. That would have made you to see how transparent what he is teaching you for the first is, and also how it works in general because practical is the best way to learn.

OP forget about the past like everyone else said. Focus on building a firm that can you more fiats which inturn you will invest into bitcoin with your profits.

[Dripstoil]

Well OP you did not say if you had 50k to invest then and you didn't. That's the actual point where regret should come into place.

Yes, I'd have raise the $50k If I was totally convinced about the investment prospect. I'm not actually regretting though, just sharing the past experience and reminiscing the prospect.

OP forget about the past like everyone else said. Focus on building a firm that can you more fiats which inturn you will invest into bitcoin with your profits.

Sound advice. That's what I'm focused on doing going forward. Trying to raise some fists, convert to crypto, and repeat.

Thanks for the comments.

[pawanjain]

Well OP you did not say if you had 50k to invest then and you didn't. That's the actual point where regret should come into place.

Yes, I'd have raise the $50k If I was totally convinced about the investment prospect. I'm not actually regretting though, just sharing the past experience and reminiscing the prospect.

OP forget about the past like everyone else said. Focus on building a firm that can you more fiats which inturn you will invest into bitcoin with your profits.

Sound advice. That's what I'm focused on doing going forward. Trying to raise some fists, convert to crypto, and repeat.

Thanks for the comments.

2011 was indeed a very young age for bitcoin. Anybody would have thought that it was a scam to put such a huge amount of money in a digital coin.
So your actions are completely justified. But if you were an investor back then then you should have looked for such opportunities.
If I had a good amount of money back then and if someone would have told me about such an opportunity then I would definitely not put in $50,000 but would have invested at least $100 in it just for the sake of it.
As an investor, we need to have a mindset to reap on opportunities.

[Ultegra134]

Supposing I had invested those $500, which would set me back with approximately 2 Bitcoins, now I'd have a decent sum of money for myself and my family. Even if I'd held that small amount of BTC I had acquired, it would still be worth a few thousand dollars at least.

There are countless of people with similar experience like ours. The feeling of regret is hard to let go but we just have to. And that's what I'm trying to do. The guy who lost his hard drive of 7,500 BTC may probably never live normal life again if he refused to let it go, we just have to let it go and focus on the future.

If I were him, I'd need a ton of psychotherapy to get over how stupidly I lost such opportunity. On the other hand, despite losing quite a few opportunities myself, I don't (and can't) regret what I could have done differently several years ago, it doesn't change anything and to be honest, there's no point in doing so.

My goal now is to look forward to new opportunities and challenges, in order to accumulate more Bitcoin in the long-term. Looking back won't solve anything at this point.
 

[taufik123]

at that time a lot of people missed out bitcoin including me and other people too because the price of bitcoin was still low and it was unthinkable that the price could soar drastically. people who join earlier in bitcoin at that time must have felt the benefits now. but nothing can change if we just regret it. take advantage of existing and currently owned bitcoins so that you can also benefit from it.

People who used to buy a lot of bitcoins were not necessarily able to hold their bitcoins until now, high fluctuations in bitcoin prices will certainly make the psychology of bitcoin users to be shaky. Of course there are those who sell some or all of them because they think the price is high enough.
Whatever the price, there will be no regrets as long as it is the target that has been achieved. I used to have some bitcoins too and I sold them for around $4000 and they were already very high. There's nothing to be sorry for, bitcoin continues to be developed and many altcoins have a good future.

[ultrloa]

Supposing I had invested those $500, which would set me back with approximately 2 Bitcoins, now I'd have a decent sum of money for myself and my family. Even if I'd held that small amount of BTC I had acquired, it would still be worth a few thousand dollars at least.

There are countless of people with similar experience like ours. The feeling of regret is hard to let go but we just have to. And that's what I'm trying to do. The guy who lost his hard drive of 7,500 BTC may probably never live normal life again if he refused to let it go, we just have to let it go and focus on the future.

If I were him, I'd need a ton of psychotherapy to get over how stupidly I lost such opportunity. On the other hand, despite losing quite a few opportunities myself, I don't (and can't) regret what I could have done differently several years ago, it doesn't change anything and to be honest, there's no point in doing so.

My goal now is to look forward to new opportunities and challenges, in order to accumulate more Bitcoin in the long-term. Looking back won't solve anything at this point.
 

Why settle in the past when you can't do anything about it?
We have to face the present and learn from our mistakes in the past so that we can do better in the future.
Investment is not just for one time only, you can reinvest again if you have the money since money just come and go.

Most people should have to be like you who won't stay while looking back but instead looking in what you could do in the future. Most people are suffering from losses yet they still get up and continue living even though they have made a lot of mistakes and that should what we do.

[dibravo]

Don't blame yourself that you missed a train before because there's no way we can predict the outcome in the first place. If you will just keep thinking about what you did in the past, you will just forever be struck on that thinking and will have difficulty facing the current trend. 

[Webetcoins]

Well, I personally don’t think it is over. You missed the first one, maybe you can still try it this time around, and it would work out for you. Although I do know that you’re going to lack the confidence to give it a try this time around because the price of the coin is very high this time, but I think the price of bitcoin is still very far from what it would be in the future.

Yes, it is quite high now but none of us would have believed that it was going to get to this level right? So if you have the money to invest now, even if it is not up to the price for one full bitcoin, you can still buy half of it, that’s something. You can buy it now and just keep on holding it for some years if you can.

[bitzizzix]

Well, I personally don’t think it is over. You missed the first one, maybe you can still try it this time around, and it would work out for you. Although I do know that you’re going to lack the confidence to give it a try this time around because the price of the coin is very high this time, but I think the price of bitcoin is still very far from what it would be in the future.

Yes, it is quite high now but none of us would have believed that it was going to get to this level right? So if you have the money to invest now, even if it is not up to the price for one full bitcoin, you can still buy half of it, that’s something. You can buy it now and just keep on holding it for some years if you can.

Everything has happened and can only be remembered with regret because we all would not have thought or imagined that bitcoin could reach such a fantastic price.
and now it's very expensive to own one bitcoin and that doesn't mean we have to insist on owning one bitcoin because we can do it according to our ability gradually and hold it in, and if we do it with discipline for 10 years second chances won't be missed.

[TelolettOm]

It may become a very big regret, moreover to know the recent price of Bitcoin. But once more, regret is a past and we need to do what is the best for now. I also have the chance to buy some Butcoin in 2016 before bullish at that time. But I couldn't buy it because I have no money and BTC is still not as very popular.
That is why I try to make it better chance right now.
Everyone has nect chance to be utilized and maximized actually

[Natalim]

Well, I personally don’t think it is over. You missed the first one, maybe you can still try it this time around, and it would work out for you. Although I do know that you’re going to lack the confidence to give it a try this time around because the price of the coin is very high this time, but I think the price of bitcoin is still very far from what it would be in the future.

Yes, it is quite high now but none of us would have believed that it was going to get to this level right? So if you have the money to invest now, even if it is not up to the price for one full bitcoin, you can still buy half of it, that’s something. You can buy it now and just keep on holding it for some years if you can.

Everything has happened and can only be remembered with regret because we all would not have thought or imagined that bitcoin could reach such a fantastic price.
and now it's very expensive to own one bitcoin and that doesn't mean we have to insist on owning one bitcoin because we can do it according to our ability gradually and hold it in, and if we do it with discipline for 10 years second chances won't be missed.

It was because 10 years ago people are just ignoring crypto and mostly we think it was a scam think. Having the trust in Bitcoin during that time is really hard as we are thinking negatively and doubtful of its capability. Nobody gave much weight in those days, in fact, if we could remember someone is buying pizza for 10,000BTC? If that person keeps and thinks that Bitcoin will reach $60,000, it is for sure he never spends like that but rather to keep it until now.

This is how to remember the past and we all just missed it.

[Japinat]

Learn from your mistake and good luck with your journey.

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.
We know how volatile bitcoin is, once a bull period is here, it will likely hit our target and we should be ready to sell our price and not be too greedy to hold.

@OP, that's a lot of money you missed, but it doesn't mean you'll not be able to make that in the future, just continue investing. 

[AmoreJaz]

Learn from your mistake and good luck with your journey.

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.
We know how volatile bitcoin is, once a bull period is here, it will likely hit our target and we should be ready to sell our price and not be too greedy to hold.

@OP, that's a lot of money you missed, but it doesn't mean you'll not be able to make that in the future, just continue investing.  

and besides, he didn't know how legit was that offer? would that person respect their agreements throughout those years? so we don't know what will be the turn of events if in case  he accepted such offer. why asked for 50k or nothing? he can always accept lower amount but he did not. so i have the feeling that he would have been screwed if he went all in.
he can always get on board with bitcoin anytime and make his own journey without any third party that may possibly screw him. right now, one can easily manage his crypto portfolio without the intervention of any 3rd party.

[mynonce]

You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.
...
What's your current plan?

To tell you two more stories 

I believe, there are many stories like that today as the crypto users before didn't have any idea that they will see the bitcoin's price this high...

One of the best ... maybe you remember    ...

Back in 2010, Joey Rich opened a thread http://bitcointalk.org/index.php?topic=987.0:

BuyBitcoins.com is back online.  Right now you can buy bitcoins with a credit card, or through paypal.  Currently 50,000 bitcoins are for sale at a rate of 15 bitcoins per dollar (0.077 dollars per bitcoin). Payments must be between $4 and $1000 dollars.

-Joey Rich
https://www.buybitcoins.com

50,000 BTC for sale - 15 bitcoins per dollar (0.077 dollars per bitcoin)
2010: ~ 3,000 USD
2021: more than 2 billion USD

I believe, there are many stories like that today as the crypto users before didn't have any idea that they will see the bitcoin's price this high...

Or that one: also back in 2010, a user auctioned 10,000 Bitcoin, starting bid was 50 USD for all 10,000! And to find a buyer he wrote: 10k BTC are currently worth ~65.50 USD
http://bitcointalk.org/index.php?topic=92.0

Hi,

I want to make a little experiment here:

I want to auction 10,000 BTC off, starting bid is 50 USD.
...

There were no bids, then one user:
https://bitcointalk.org/index.php?topic=92.msg829#msg829

I know this is well below your starting bid, but since no one has taken it yet I'll offer $20.

Another user who was interested:
https://bitcointalk.org/index.php?topic=92.msg840#msg840

$50 is somewhat of a high starting bid considering there is over ฿22,000 available for not much more per bitcoin than your starting bid. Not to mention that realistically there's probably a lot more than ฿22,000 available because if somebody bought a bunch of those bitcoins, I'm sure some people would step forward to sell more bitcoins. Anyway, I'll bite for sake of the experiment. I bid $25. How about you change the minimum bid to $30 and tell us a maximum time between bids. Perhaps three days?

Do you know what happened? Nothing, they discussed but nobody wanted these precious 10,000 BTC. 50 USD were too much, 20, 25 or 30 USD would be ok!

https://bitcointalk.org/index.php?topic=92.msg865#msg865

Auction is over.
Since nobody has made the starting bid, the bitcoins do not change their owner.

Today's value: ~500 million USD

[lienfaye]

If only we have a crystal ball to know the future of Bitcoin 10 years ago, then probably we are all rich by now for holding. But since its impossible, many of us ignored Bitcoin not knowing the price will skyrocket. But its all in the past and we cant turn back time, having regrets now wont help us so we need to move on and think of a strategy to take advantage the situation.

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.

As long as you're happy with the profit then its a good decision to sell because there's always a chance to buy back again. The price is unstable, certainly it will decline and move upward just like the past history.

[wajik-tempe]

If only we have a crystal ball to know the future of Bitcoin 10 years ago, then probably we are all rich by now for holding. But since its impossible, many of us ignored Bitcoin not knowing the price will skyrocket. But its all in the past and we cant turn back time, having regrets now wont help us so we need to move on and think of a strategy to take advantage the situation.

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.

As long as you're happy with the profit then its a good decision to sell because there's always a chance to buy back again. The price is unstable, certainly it will decline and move upward just like the past history.

yeah i'm agree that no one could predict the future, and i'm sure maybe there are just 0.00001% people who holds their bitcoin for 10 years after multiple pump and it's almost imposibble that they still hold except the person who holds is already rich since they bought it.
So everyone has their own profits, as long as it's a profit then it's okay. if we take it too long in a religious way, every people has their own sustenance and it won't be swapped to other people sustenance.

[xSkylarx]

If only we have a crystal ball to know the future of Bitcoin 10 years ago, then probably we are all rich by now for holding. But since its impossible, many of us ignored Bitcoin not knowing the price will skyrocket. But its all in the past and we cant turn back time, having regrets now wont help us so we need to move on and think of a strategy to take advantage the situation.

One thing I learned too is holding by a certain period is not effective than holding and selling when a specific target price is hit.

As long as you're happy with the profit then its a good decision to sell because there's always a chance to buy back again. The price is unstable, certainly it will decline and move upward just like the past history.

Everyone should get into the habit of doing this. Don't get carried away with greed, because you won't be able to get all of the money in the market. Being content with the profit you made is the best strategy because if you try to hold on to it for longer periods of time, the price may drop and you will be tempted to sell it at a lower price. When a goal is established and the profit is satisfactory, however, there will be no problems. Set a profit target or a profit goal, as well as a loss target so that you can accept a loss if any of these targets are met.

[Ultegra134]

Supposing I had invested those $500, which would set me back with approximately 2 Bitcoins, now I'd have a decent sum of money for myself and my family. Even if I'd held that small amount of BTC I had acquired, it would still be worth a few thousand dollars at least.

There are countless of people with similar experience like ours. The feeling of regret is hard to let go but we just have to. And that's what I'm trying to do. The guy who lost his hard drive of 7,500 BTC may probably never live normal life again if he refused to let it go, we just have to let it go and focus on the future.

If I were him, I'd need a ton of psychotherapy to get over how stupidly I lost such opportunity. On the other hand, despite losing quite a few opportunities myself, I don't (and can't) regret what I could have done differently several years ago, it doesn't change anything and to be honest, there's no point in doing so.

My goal now is to look forward to new opportunities and challenges, in order to accumulate more Bitcoin in the long-term. Looking back won't solve anything at this point.
 

Why settle in the past when you can't do anything about it?
We have to face the present and learn from our mistakes in the past so that we can do better in the future.
Investment is not just for one time only, you can reinvest again if you have the money since money just come and go.

Most people should have to be like you who won't stay while looking back but instead looking in what you could do in the future. Most people are suffering from losses yet they still get up and continue living even though they have made a lot of mistakes and that should what we do.

Can't blame myself for not being a fortune-teller, am I right? There's no point dwelling about what happened in the past, we couldn't have known or predicted it would become such a big deal. Unfortunately, I wasn't onboard since its beginning, in 2010-2011, when it costed a few cents, possibly if I knew about it, I would have bought some, since it was dirt cheap.

There are times that I ask myself "What if?" but I quickly brush it off. Not only is it meaningless, but it's also time-consuming, and as an old aphorism said, time is money.