My old officemate become millionaire on investing on Bitcoin

[Fivestar4everMVP]

Hold is really powerful strategy isn’t it?

Hold is indeed, Gold, your friend is a wise man and indeed, very lucky, your friend is a clear evidence that confirms that believe that intelligent people don't talk too much and they are the ones that mostly sit at the back of the class.

This story is similar to mine, and also happened in the same year, 2016, the only difference in the story is that my own friend lost his wallet seed phrase before he remembered he had an investment in crypto, coin i helped him buy in 2016, created a private wallet for him, handed over the seed phrase to him and asked him to keep it very safe, i helped him withdraw the coins i helped him buy from a centralized exchange to his private wallet, i later left the company where we worked together are started my own business in another state, he totally forgot he invested in crypto and in this year 2022, going through my phone contacts, i saw his phone number then i remembered him, i called him up to check up on him, by now, that coin i helped him buy when its price was around $0.02 is now trading above $6.7 usd, i thought to myself that this guy is already a millionaire if he has not sold the coins till now, i asked him and he said he has not sold it, I told him to check his wallet to see how much he has in there, he told me he has changed phone and does not have the wallet anymore, I asked him what about the seed phrase i wrote down for him and asked him to keep safely, he said he lost it a long time ago, that he cant remember where he kept it, i was so disappointed, his crypto investment can not be less than $33,000 right now , but he no longer have access to it because he lost the seed phrase of the wallet.

[Sanitough]

To begin with my story, I was a working with this guy to a small company way back 2016 when I just newly discover Bitcoin and cryptocurrency. I was new on crypto trading that time so I usually invest on shit coins and trade on CCEX. One day my supervisor caught me doing trading while office hour but luckily he became interested so I was saved that time. Then our whole team in office become interested on it since my supervisor keeps badgering me about it but I was hesitant at first to introduced Bitcoin to them because I know how risky crypto is due to volatility at that time. The price swing is more terrible back then compared now so I’m concerned with there money in case they will start investing because of me.

After a week of slowly educating them during our break. I told them to just buy Bitcoin and never invest on altcoin. I firmly instructed them to just hold and leave there tokens as is on there Bitcoin wallet until the price reach 1M pesos(20,000$) before they sold because our target that time is to become millionaire even if we are just fooling around. Then we decided to buy 1BTC at the same time and after that they all became addicted on checking the price time by time. Some of them sold early because the price dip a few percentage and they are too scared that they will lose everything until they stop investing in crypto because of volatility.

I thought all them already sold there Bitcoin and loose interest  since no one talking about in our office until we start leaving our job 1 by 1 so I don’t have any update anymore about them until yesterday, I received a message on social media from one of my co-worker who luckily didn’t sold his Bitcoin way back then. He follow my advice because he trust me as his senior and he knew that my goal is true, He said that he just forgot about his Bitcoin investment during bull run 2017-2018 and missed the first bull run because he live on his province after we leave our old job and become busy on his job there. He still hold after that and he just remember to check his Bitcoin investment this after 5 years of waiting. BTW his province is still not developed so internet signal is very weak and most people there is very focus on there own job. He was surprised about the growth of his investment. He sold at 20K+ approximately 1M pesos in our currency. I told him that if he only early open his wallet, he can get almost x3 of the current value but he still happy of his investment because it’s already huge in our country and he is only doing a job with minimum wage rate in province. But he said to me that if he always check his wallet, He maybe sold on much lower price and his target on checking it is after 5 years since he miss 2017 bull run. I was very amazed on how dedicated this guy is and even as coworker, He is just very silent and keep listening whenever we have group conversation. 

Right now. He is planning to buy back at lower price level and use the half of his earnings to start his new business. He is planning again to have another 5 to 10 years Bitcoin investment after he buy back. I will try to get an update about his business and post it here to inspired other new Bitcoin investor. Hold is really powerful strategy isn’t it?

Hodling for long term investment certainly pays off in time. Of course, with the right coins that you are going to invest and not on shitcoins or meme coins. And maybe one thing also can help, is that invest your extra money and don't anticipate the future profits it will gain. Forget your investment if you can so that you will not check its price often which i think would lead to panic selling if you care for its price that much.

[dunfida]

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Hodling for long term investment certainly pays off in time. Of course, with the right coins that you are going to invest and not on shitcoins or meme coins. And maybe one thing also can help, is that invest your extra money and don't anticipate the future profits it will gain. Forget your investment if you can so that you will not check its price often which i think would lead to panic selling if you care for its price that much.

Nothing is assured if we do talk about future things since we know that it wont be guaranteed that you would make yourself rich when the time comes because it would all matter on what coin you've been holding

and we know that not all projects would be flying out with colors in upcoming years to have thats why it is really mixed with some bit luck whenever you do make out investment aside from the analysis you had put in.

To those people who had take up some risk into those early years of bitcoin didnt even expect for this time to come on which its value had raised up into the point that
people who are accumulated big amounts could really be determined as rich people as of this moment.

[Ebede]

Bitcoin investment shortest way of making money without any problem and any disturbance that is what we want to deliver how you can become a super billionaire through crypto currency and mine you will cryptocurrency prices low so if the price is lower than the hood then after some years of then you said them this call will make you a millionaire used to buy Bitcoin the investment is something that involved prophet and the Lost become the same time make way of prophet and the same time make a way of lust

[Vaculin]

That's a nice story to hear. The takeaway for me was that unlike the others he held because he forgot about his investment. The irony being that he could of sold back in 2017 just below $20K and started his business many years ago, but that's beside the point really. The most challenging parts of hodling is not taking profits too early, selling too late, or failing to buy back. Forgetting about the investment certainly helps here!

Glad to hear he became a peso millionaire either way

Forgetting about your investment really helps because instead of checking the price chart to keep updated, you tend to ignore its current price and also it’s price fluctuations. Good thing because you won’t be bothered every time the price of bitcoin drops, as you are not totally obsessed with your investment. Also, hodling makes a lot of difference than selling in short term. Even though not all investors can keep their patience and hold firm their investments.

[bitzizzix]

That's a nice story to hear. The takeaway for me was that unlike the others he held because he forgot about his investment. The irony being that he could of sold back in 2017 just below $20K and started his business many years ago, but that's beside the point really. The most challenging parts of hodling is not taking profits too early, selling too late, or failing to buy back. Forgetting about the investment certainly helps here!

Glad to hear he became a peso millionaire either way

Forgetting about your investment really helps because instead of checking the price chart to keep updated, you tend to ignore its current price and also it’s price fluctuations. Good thing because you won’t be bothered every time the price of bitcoin drops, as you are not totally obsessed with your investment. Also, hodling makes a lot of difference than selling in short term. Even though not all investors can keep their patience and hold firm their investments.

Forgetting doesn't mean not knowing the future, because I'm sure most of those who forget to invest in bitcoin already know and believe that the future will improve and be very profitable, and the OP's story was very lucky to be able to resell it after knowing the increase in bitcoin.
investing in bitcoin and forgetting for years is a very good way because we all know the future will be much better and very profitable considering its growth and increasing popularity, and actually i want to do it but it is very difficult due to sudden need which sometimes happens by accident unexpected that forced me to use it.
and I invest in bitcoins for reserve funds that I can use when I really need them and only use them as needed.

[Minecache]

That's an interesting story. Sometimes, we only need to hold and forget about our investment for a while so we'll never be tempted to sell during a crash. Bitcoin made lots of people millionaires, especially those who took the risks and trusted it. This is inspiring and the story only taught us a lesson to grab the chance of buying while the price of Bitcoin is still low so we'll never miss the chance of gaining a good profit when the bull run comes. Bitcoin will always be worth investing but we should be brave enough to hold.

In order to be able to do so, we need to have enough faith and a strong spirit to overcome the temptations and fears of the market. Furthermore, in order to have a comfortable investment position, you have to invest only with idle money without borrowing or taking out a mortgage to finance your investments. we will be fully confident enough to hold.

The lesson learned from this story is, only buy and hold, do not sell in the bear market, only sell when you have made a profit, you will succeed.