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Author Topic: I recovered my wallet from 2014 and saw how close I was to being a millionaire  (Read 676 times)
dubst4r (OP)
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December 26, 2021, 04:06:33 AM
 #1

A lesson that I learned here is never sell

IIrik11
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December 26, 2021, 04:17:42 AM
 #2

i feel bad knowing that i was late.

but this must feel even worse.

knowing u had such big amounts and then u sold 'em all.
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December 26, 2021, 04:39:11 AM
 #3

i feel bad knowing that i was late.

but this must feel even worse.

knowing u had such big amounts and then u sold 'em all.

Yep regrets I guess. Feel the same way, we could all be millionaires if we just know how to hold that long.  Cheesy
Kinda like the guy who lost his hard drive with 7500BTC in it. But hoping to find that drive because it's hurting his soul.  If he had the key to access the wallet, he probably has sold it all even before the price peaked in 2017.

His wallet was from 2014, you must have been playing a lot on casinos where it only requires a wallet. This was normal back then.

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December 26, 2021, 04:42:27 AM
 #4

You didn't know that bitcoin would go this far, it's not good torturing yourself over what's already been done. Also, it's not too late to be a millionaire, bitcoin still has a long way to go so you can still get in and hodl for a really long time and wait for to grow exponentially over the years.
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December 26, 2021, 04:43:30 AM
 #5

A lesson that I learned here is never sell

It depends though. Did you sell the bitcoin because you just didn't see it's importance? Or maybe you actually needed the money for something important(hospital cost, student loans, etc)? Don't shame yourself if it actually was the latter, because contrary to popular belief, sometimes there are things much more important than BTC.

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December 26, 2021, 04:44:51 AM
 #6

I wasn't able to digest looking upon the transactions. What OP would feel in his mind. Myself too feel bad of selling all that I've made through the years. If those were kept hold, now I could've turned a millionaire. However my transactions weren't this big as seen above. Almost every user here feel this, and many lucky users are here to cash it out during the 2017 bull market and during the recent peak rise.

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molsewid
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December 26, 2021, 04:59:55 AM
 #7


It depends though. Did you sell the bitcoin because you just didn't see it's importance? Or maybe you actually needed the money for something important(hospital cost, student loans, etc)? Don't shame yourself if it actually was the latter, because contrary to popular belief, sometimes there are things much more important than BTC.

Yes, exactly, I mean if the reason of selling bitcoin (especially if most of all) is reasonable I think there's no reason to be shamed, blaming yourself for not able to hold it a quite long term and feel regret about it. I do have the same situation too where I have bag almost 1btc but during the bear season way back 2018 I sold them all. Now, if I look back to the number of bitcoin I have in my wallet that time I can also say I'm almost became a millionaire too, there's a regret but I have no choice than to move on and keep on grinding and wishing I could earn again same number of bitcoin that I have in the past.
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December 26, 2021, 05:03:02 AM
 #8

Since the future cannot be predicted with accuracy, it is natural. And don't think that you are the only one who feels guilty and sorry. Every time bitcoin hits a higher point, more people want to go back in time to do what you did.

I think this kind of regret is closer to greed. Today, many bitcoin holders from the past are afraid to spend even a little bit because they are always looking for higher value. That is, they close all their own opportunities to enjoy what they have achieved.

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michellee
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December 26, 2021, 05:05:26 AM
 #9

@OP is not alone because we who had known bitcoin for a long time and have many bitcoins but sold it at that time will regret it now. But we can not do anything because that moment is already passed. Besides that, we did not know if bitcoin could be like today so we sold at that time but it seems you already make money from bitcoin. We can only keep trying to have more bitcoins with everything we can. Hopefully, we will have that bitcoins and will make money from bitcoin.

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December 26, 2021, 05:15:13 AM
 #10

A lesson that I learned here is never sell
You learnt a lesson but you interpreted in wrongly.

The thing to note is that bitcoin is still cheap at this price comparing to what it can become in the next 120 years once all the coins are mined. But the question remains whether you will survive that long and see that price and live longer enough to sell then and enjoy the profits. While I wish you good health and that you do see such days with a big family, I know myself that it is difficult to say.

Remember that living a life without regrets is more important than saving an asset. Possible that you needed money at times and you had to sell, this is true for any future bitcoin investor too. It does not mean you are doing a wrong thing, you are doing what is necessary to survive.

Also a reason why I suggest newbies to keep a stable fiat source of earning while trading bitcoin on a side - you have a source of money to rely on when in dire need.

R


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December 26, 2021, 05:20:48 AM
Merited by DdmrDdmr (4)
 #11

A lesson that I learned here is never sell
There is nothing wrong with selling (or spending) bitcoin. I have spent and sold bitcoin in the past and will continue doing so. What I would never do is to sell or spend all my bitcoins. So you have to ask yourself if you really had to sell all the bitcoin you had?
Besides the biggest mistake is not buying back. Even if you sell all you can always buy back. For example if you sold at $200 in 2015 you could always buy back at $300 when the resistance broke and price started rising. Waiting and not doing anything for 6 years while price goes from $300 to $70,0000 was the mistake not the initial sale in this scenario.

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December 26, 2021, 06:41:09 AM
 #12

A lesson that I learned here is never sell

It depends though. Did you sell the bitcoin because you just didn't see it's importance? Or maybe you actually needed the money for something important(hospital cost, student loans, etc)? Don't shame yourself if it actually was the latter, because contrary to popular belief, sometimes there are things much more important than BTC.

You know what, you are so right. Satoshi Nakamoto did not established Bitcoin so we can feel so bad when we happened to have sold our BTC holding...this is just a part of life and yes instead of wallowing thinking of what can be let's move on and make things better. I myself sold my BTC when it was just $3000 but there was a big reason why...and admittedly though there is a part of me saying that I should not have done that I fully know that life is really made of choice so I made mine and there is no way of turning back.

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December 26, 2021, 06:54:24 AM
 #13

i feel bad knowing that i was late.

but this must feel even worse.

knowing u had such big amounts and then u sold 'em all.
Honestly, you are not late to join the Bitcoin investment since 21 million BTC is not mine which will lead to a never seen before traffic but you can only be late if you don't hold more than you sell your portfolio. Just like CZ said "if you can't hold you won't be rich" and the OP is a perfect example.

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December 26, 2021, 07:40:45 AM
 #14

You know what, you are so right. Satoshi Nakamoto did not established Bitcoin so we can feel so bad when we happened to have sold our BTC holding...this is just a part of life and yes instead of wallowing thinking of what can be let's move on and make things better. I myself sold my BTC when it was just $3000 but there was a big reason why...and admittedly though there is a part of me saying that I should not have done that I fully know that life is really made of choice so I made mine and there is no way of turning back.

Or better yet, I'm pretty sure Satoshi didn't create Bitcoin as something that we'd revolve our entire lives upon. In the end, as much as a breakthrough invention Bitcoin was, in the end it's just an asset. Lots of more important things in life than Bitcoin.

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December 26, 2021, 08:03:06 AM
 #15

BTC is, first and foremost, a currency meant to be spent as people would say. I don't know your reasons but you probably didn't sell it for trading purposes. Don't feel bad about it. There are people who had it much worse than you. I still remember that classic trader tweet boasting he sold BTC at price xxx few years ago (don't recall the exact figures but it was under a dollar).
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December 26, 2021, 08:14:47 AM
 #16

The knowledge of crypto in 2014 and 2021 has quadruple. I imagine if you had the same information you have now about BTC in 2014 you probably would be close to being a billionaire. Now think about 2021 and 2028. It's same thing as 2014 and 2021. Above, i am personally grateful you are part of the few who have been able to recover your wallet, for some, their wallet is gone forever.

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December 26, 2021, 09:17:55 AM
 #17

We all have missed opportunities when it comes to Bitcoins, at the end of the day you should understand the fact that you did not just sell for fun, when people sell their bitcoins and are not able to make invest for the long term, most often, it's because they need this money, which does mean that their financial statement is not that good, therefore you can't regret that, I had 0.1 BTC which I sold before the high, in 3k's just because I needed to pay my fee, that does not mean that I do not regret it, but it did help me at that moment.
But we all definately had a lot of loaded opportunities, but now our scope is widened and we do understand cryptocurrencies better than ever, so hopefully we all would be wise about making any mistakes in the future.

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December 26, 2021, 09:30:41 AM
 #18

With my four years in crypto, my lesson is as follows
  • If you find a good project, and have belief in it from your due diligent research, don't sell all coins you have.
  • It's not good to hold and don't mind to sell to take profit or at least to take your initial capital. It is a must thing to do. Protect your capital is most priority. Profit is only profit when you take it.
  • First, take profit to get initial capital back to your pocket. Second, take profit to use if for your life, to enjoy your successful invesment
  • Lastly, and most important, allocate from 10% to 30% of your coins for long term investment. It will help you rich and become millionaire or billionaire. If things go bad, you already take capital back, and already take profit, enjoy profit. Nothing bad in the end

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December 26, 2021, 09:52:52 AM
 #19

Seeing your struggle deserves to be imitated because you are able to hold back your anger to sell assets that are actually already profitable.
.but that's all we return to our personal needs, because not all of them are very willing to let their assets go for the sake of family or other needs.

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December 26, 2021, 02:04:45 PM
 #20

A lesson that I learned here is never sell
That will be a wrong notion if you're looking at it from the prism of what the value is worth today. Wrong, indeed. What if price had crashed to zero or some worthless level, would you've been happy that you sold early? I bet, your answer will be an instant yes. Well, the morale is this – the way you regret your past selling action it's the same way a lot of us selling now and smiling will regret too in future. I've had moments when I checked my old Blockchain wallet and discovered how a great rise all the Bitcoin that would've been in my wallet was if I didn't sell. But that's life. At least, I sold them for reasons best known to myself when I did. No regret. You should also do that and move on. Only a very few are still hodling for years without selling a single Satoshi. Otherwise, when nature calls or bills arise and there's nowhere else to get cash apart from the Bitcoin one hodls, it becomes necessary to sell at such a situation.

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