I was thinking of building my new PC in 2021, I built my pc without graphic card but while researching about other components like cpu, ram, storage, case, then i heard about GPU shortage cause of mining, and shortage because of people bought GPU 's very fast(in short time) after coming into stock.
then i researched about what is mining and why GPU's always been out of stock. then i learned about bitcoin and took my first trade of $20 in 2021, when the bull run was ongoing and now i am in 80% loss because i was very new then and invested most of the part in altcoins.
my road to bitcoin is like this.
what's your story?
I would say a sad short story man. But do not despair because Bitcoin must not only be the means for investment or to make money, it must be able to lead you to your independent financial freedom. So keep staying here with us because we're just getting started.
The idea is so wrong. Bitcoin and this industry in general indeed has huge profit potential but to depend entirely into it to financial freedom is another thing. Not all people could endure market price changes in particular with losses. Once you put everything into it, it would seem more of gambling than investing. You should atleast leave an amount for you to use if incase things won't go as expected. To wait is an easy thing to say but ofcourse it would be hard on the application given that there's no certainty of what could happen on the next few days or months for this industry.
You may have done various research about mining. You have also mentioned various computer devices here. Maybe you participated here by researching various topics. Then also invested but you have more than 80% loss in that investment. Anyway your loss will be recovered soon. I come to this bitcoin forum by the hand of the community. I slowly started to learn everything about bitcoin forums while being in the community. Now I have experienced a lot about bitcoin forums. Hope to gain better experience about more forums in future.
if the OP has not sold his btc yet, he is not yet at loss. he will only lose if he will sell it. so while waiting for the better times in crypto, why not look for other options how to recover those possible losses? if you do believe on this market, you will keep on collecting some from time to time whenever the btc market is going down.
Possible, more of investment diversion and embracing the losses to recover. Question is, would he be able to do that? 'coz it sounds like he's in huge loss already and moving to other asset would put him more to the edge. If he could wait longer, U think that would be the best option than to move to another one which also has no assurance of capital pullback.
