How I Missed Out of a 10 Year Bitcoin Investment Plan

[Reatim]

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.

That is Greedy attitude and that is also the main reason why Most of us once become a loser as we keeps seeking for higher profit till time comes that the currency starts falling and we are trapped inside.
I think we are here to learn from our mistakes, nowadays when i bought a coin for short term? i only aim to at least gain 5-15% that is enough for me and then go out.
with this strategy now i keep my funds safer than losing by being greedy.

[buwaytress]

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.

You can blame yourself for ruing the fact though. No point wishing or regretting or second-guessing as you said, and we all look back on occasion. Hell, I even look back on Dogecoin every now and then but it's only to laugh and shake my head.

There are moments in life I look back even farther. Over 10 years before Bitcoin even. But the more I consider where I am today, the less I give a damn about the past.

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.

Seen your very first posts and it makes sense you'd sell around $4000, shortly after your forum account, but how on earth did you manage to get "a few BTC"? Think I joined just a little before you and even 1 BTC was some kind of target that kept getting farther away in the wake of 2017 rally.

(Just curious)

[taufik123]

Seen your very first posts and it makes sense you'd sell around $4000, shortly after your forum account, but how on earth did you manage to get "a few BTC"? Think I joined just a little before you and even 1 BTC was some kind of target that kept getting farther away in the wake of 2017 rally.

(Just curious)

in my first year into crypto around 2016 it was very easy to get 1 BTC and it was not impossible. I haven't even joined this forum yet. I earn from several Giveaways and several airdrops that I participate in. At that time around 3.5 BTC I can get. The late 2017 rally was certainly a good opportunity for me to start selling BTC and some other altcoins like ETH.

[buwaytress]

(Just curious)

in my first year into crypto around 2016 it was very easy to get 1 BTC and it was not impossible. I haven't even joined this forum yet. I earn from several Giveaways and several airdrops that I participate in. At that time around 3.5 BTC I can get. The late 2017 rally was certainly a good opportunity for me to start selling BTC and some other altcoins like ETH.

Well done to you. I got my first BTC in the same year, but had mainly been freelancing and most of my early work clients requested if could pay in alts instead, so I had a growing pile of alts I just sold whenever I could on Cryptopia (I know, I know). And then BTC of course I kept as much as possible after selling (since it was income anyway) but by the time I was able to earn real BTC and stack my sats 2017 had happened and even 1 BTC was above $10k.

Had I been perhaps even half a year earlier... and then looking at my localbitcoins trade volume (always selling) of over 50 BTC, makes me feel "rich"!

I never did get into the airdrop game but guess we all have different stories!

[taufik123]

-snip-

I also have a lot of altcoins piling up, some of which have prices and enter markets like cryptopia, Novaexchange and other exchanges. I became a freelancer and any job I do to earn from crypto. Airdrop, Bounty, being a translator is all I do. Looking at the trading volume at that time, 50BTC was certainly a reasonable amount. But if you can hold on until now, of course, it will be a different story. But there's no need to regret it, backward flashbacks can only be used as a valuable experience on how important it is to leave some assets for the long term.
We all have different stories or experiences.

[AakZaki]

Everybody who heard of bitcoin in the past but had not joined was regret why they did not join bitcoin and bought many bitcoin at that time. It is normal to see that as many times we underestimate something that we do not know with details and tend to abandon it until we hear or see by ourselves how worth that thing is today or in the future. In 2011, I could buy bitcoin if I want but unfortunately, I left it without thinking about having an investment by risking some money to hold and forget it.

But I did not do that and was still busy searching for the other way to make money. That is a life lesson that many people missed in the past but we still have time to try to have more bitcoin in many ways. We should not let the chance leave us again before it is too late for us to take a seat in the bitcoin world.

The opportunity is certainly still there, Bitcoin is still new, bitcoin continues to be developed.
You may know about bitcoin earlier, I started to know Bitcoin in 2016 and tried to trade. I used to have quite a lot of bitcoin assets, and of course they were sold when the price was high at that time.
If we are able to hold bitcoin until now, we will be billionaires of course, but psychology will not be that strong, will definitely sell when the price according to us is very high.
Currently the opportunity is still there, investing for the long term can certainly be profitable.

[Ryker1]

Everybody who heard of bitcoin in the past but had not joined was regret why they did not join bitcoin and bought many bitcoin at that time. It is normal to see that as many times we underestimate something that we do not know with details and tend to abandon it until we hear or see by ourselves how worth that thing is today or in the future. In 2011, I could buy bitcoin if I want but unfortunately, I left it without thinking about having an investment by risking some money to hold and forget it.

But I did not do that and was still busy searching for the other way to make money. That is a life lesson that many people missed in the past but we still have time to try to have more bitcoin in many ways. We should not let the chance leave us again before it is too late for us to take a seat in the bitcoin world.

The opportunity is certainly still there, Bitcoin is still new, bitcoin continues to be developed.
You may know about bitcoin earlier, I started to know Bitcoin in 2016 and tried to trade. I used to have quite a lot of bitcoin assets, and of course they were sold when the price was high at that time.
If we are able to hold bitcoin until now, we will be billionaires of course, but psychology will not be that strong, will definitely sell when the price according to us is very high.
Currently the opportunity is still there, investing for the long term can certainly be profitable.

Well I agree --there is no late on investing in bitcoin and it could be bitcoin will reach $100k perhaps after 2 years or more, so if you think you are late in 2016, there is a chance that you can gain profit on investing bitcoin. The problem with people because they cannot wait for a long time, they want a quick profit, and usually, they are afraid when bitcoin has a correction, thinking that they will lose everything. If we are able to hold more than 1 bitcoin in 2016, it could make you rich by now and even reinvesting you still have gained profit.

[jenibrock]

I don't have any regrets about it. It could have been a scam as many people have pointed out. I was just sharing the encounter, and imagining what would have become if it were to become a reality.

[virasog]

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

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

[Vaculin]

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

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

The lack of faith in bitcoin is simply the main reason why we missed a lot investing in bitcoin way back 10 years ago. Even on the part of newbies today, it will always be the case. They are still hesitant to invest in bitcoin because its still expensive, so they chose those altcoins over bitcoin. And then few years from now, they will start to reflect on why they didn't trust in bitcoin in the first place. We will only then realize once we see bitcoin on top of all other coins and just hoping we have invested too in bitcoin from the start.

[Shasha80]

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

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

The lack of faith in bitcoin is simply the main reason why we missed a lot investing in bitcoin way back 10 years ago. Even on the part of newbies today, it will always be the case. They are still hesitant to invest in bitcoin because its still expensive, so they chose those altcoins over bitcoin. And then few years from now, they will start to reflect on why they didn't trust in bitcoin in the first place. We will only then realize once we see bitcoin on top of all other coins and just hoping we have invested too in bitcoin from the start.

I always advise newbies to learn the crypto world properly, before deciding to invest in crypto. So that newbies understand better that investing
in Bitcoin is the most appropriate decision, so in the future will not regret for missing the opportunity to invest in Bitcoin. It's actually easier now
to believe in the future of Bitcoin, compared to when Bitcoin first entered the market. Because now there is a lot of evidence that shows that
Bitcoin is the best coin and Bitcoin has a bright future. So if there are people who still have doubts about investing in Bitcoin, it means they are
not learning Bitcoin properly. Don't because the price of Bitcoin is too high now, then it becomes an excuse not to buy Bitcoin. Even though
buying Bitcoin doesn't have to be 1 BTC, we can buy fractions of Bitcoin according to everyone's financial ability.

[Finestream]

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

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

  I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH.  So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

[xSkylarx]

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

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

  I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH.  So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

The only problem is that the price of bitcoin is not the same as it was 10 years ago, when it was extremely cheap and anyone could afford it; now it is extremely difficult to purchase one if you do not have enough money; however, it is highly likely that this scenario will repeat itself, so it is best to invest sooner rather than later. Some people will learn from their mistakes, but others will not. If we make a mistake, we should assess it and figure out how to avoid making the same mistake again. This is the key to gaining valuable experience and achieving our goals.

[Botnake]

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

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

  I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH.  So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

The only problem is that the price of bitcoin is not the same as it was 10 years ago, when it was extremely cheap and anyone could afford it; now it is extremely difficult to purchase one if you do not have enough money; however, it is highly likely that this scenario will repeat itself, so it is best to invest sooner rather than later. Some people will learn from their mistakes, but others will not. If we make a mistake, we should assess it and figure out how to avoid making the same mistake again. This is the key to gaining valuable experience and achieving our goals.

If you keep on thinking that bitcoin is quite hard to afford especially at the current price, then you can never expect for bitcoin to give you huge profits 10 years from now. So taking the risk is a reality. You cannot just wait there and let bitcoin work for you. You have to invest now and hold your bitcoin, and let's see where will your investment take you. It's a matter of faith that you should always hope the best for bitcoin as you will be the one to benefit it the most.

[darewaller]

I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH.  So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

No, it wont happen again anymore. As we see cryptos now are very popular and almost all people now know its history. I knew someone that is new to crypto and he explains to me how cryptos got his interest and he is planning to hold it for a long time.

People nowadays have a better thinking than us people on the past although there might be some regrets for the people that have recently discovered cryptos because they missed a big opportunity although it is not too late yet because there are still lots of people that are not yet into cryptos, imagine if they join here as well, the value of cryptos will improve dramatically.

[LUCKMCFLY]

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

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

  I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH.  So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

The only problem is that the price of bitcoin is not the same as it was 10 years ago, when it was extremely cheap and anyone could afford it; now it is extremely difficult to purchase one if you do not have enough money; however, it is highly likely that this scenario will repeat itself, so it is best to invest sooner rather than later. Some people will learn from their mistakes, but others will not. If we make a mistake, we should assess it and figure out how to avoid making the same mistake again. This is the key to gaining valuable experience and achieving our goals.

Well even though the value of BTC is not the same as it was 10 years ago, people who have had BTC can have it again, because they know how they can get it and so they can start from scratch, in Jesse Livermore's books, he became millionaire and then he was bankrupt, but on two occasions he managed to become a millionaire again, it is that money is made thinking, if for some mistake everything is lost in one move, you have to work very hard to get there again, that is law, I think that every human being has that capacity.

[palmisutton]

today, bitcoin price is 44k.

[Gudhal Untu]

It is inconceivable if you accept the offer of $50k and get 50,000 btc, of course you will not write the story here, you will enjoy the holidays and can buy many things, all you do is check the price and then sell it to fulfill your pleasure, this story gives the picture that we have to buy bitcoin now then hold it for another 10 years and I believe the price of 1 bitcoin will reach $ 1 million.

[Kasabus]

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

Many people have missed their first chance to enter in the crypto market because they do not calculate the potential of this market. That is perfectly ok as no one had thought few years back, that bitcoin can grow so big in the coming years. But now we know the potential of bitcoin so we should now take entry in the bitcoin so that in 2030, we are not among those who would be saying that they missed the bitcoin under 50K which is now trading at 10 or 20x higher prices.

  I think the same scenario will probably happen ten years from now. People will still regret that they have missed chances to invest in bitcoin and now they are not making huge profits from it. But IMO, people will not learn from all their wrong decisions unless they see bitcoin in a very high ATH.  So it will be an eye opener for all to never disregard bitcoin as its value will always bound for a higher ATH in every year that comes.

The only problem is that the price of bitcoin is not the same as it was 10 years ago, when it was extremely cheap and anyone could afford it; now it is extremely difficult to purchase one if you do not have enough money; however, it is highly likely that this scenario will repeat itself, so it is best to invest sooner rather than later. Some people will learn from their mistakes, but others will not. If we make a mistake, we should assess it and figure out how to avoid making the same mistake again. This is the key to gaining valuable experience and achieving our goals.

Well even though the value of BTC is not the same as it was 10 years ago, people who have had BTC can have it again, because they know how they can get it and so they can start from scratch, in Jesse Livermore's books, he became millionaire and then he was bankrupt, but on two occasions he managed to become a millionaire again, it is that money is made thinking, if for some mistake everything is lost in one move, you have to work very hard to get there again, that is law, I think that every human being has that capacity.

Failure is not the reason to give up but its there to motivate you to rise up again. So it does not matter if we missed opportunities and fail in our first attempts, as long as we are able to recover from that and do the right thing now. And now the right thing to do is to start investing as prices will always grow in time. When you look back 10 years from now, at least you can say to yourself that i have done my best and now its time for me to reap the fruit of my hard work.

[nullama]

What I find most remarkable from this story is the guy that talked to Dripstoil.

He put himself at the right place at the right time, and was convinced he could do even better in the next decade. He learned a lot from Bitcoin from the early days, and went boldly forward, ignoring the typical path of society that most people live. He didn't work for a company, he created and kept creating his own source of money, based on Bitcoin.

That guy also had the ability to go out and present his idea to a complete stranger, and not a random person, but someone that could potentially say yes to what he was asking for. That means he did his research on that as well.

That shows that this is an interesting person, and that you can live your life however you want to.

To get remarkable results, you need to do remarkable things. If you keep doing the same that everyone else is doing, then you're going to get average results.