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Author Topic: Some people started their BTC journey when things were more hopeless  (Read 297 times)
Outhue (OP)
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May 17, 2023, 09:32:38 AM
 #1

It's 2023, a good time to be alive in good shape and health, hope you guys are doing so well, I have been into Bitcoin investment since December of 2016 and I feel good about myself to have make it this far, I want you new beginners to know that nothing is impossible, follow your dream and do not let any nonbelievers sway you away from your dreams.

Also do not let your dreams stayed a dream, you need to bring them alive, so far I can confidently say that mine have come alive, it has been a tough fight all along..

Imagine believing in something that very limited numbers of people believed in for years, it always look like it will fail, I had the fear of giving up but my father, he was just there all along, he gave me the guts over my fear and I lived through it, until 2021 when my dreams become a reality, sadly he is no more around to witness it all, I have been fighting this war since 2016, and today I am thankful.



To all Bitcoin beginners on here, do not give up on Bitcoin.

When there is fear in the market, be bold enough to take a step, use the fear to your own advantage.

In 2013, Micheal Saylor trashed Bitcoin, saying it's days are outnumbered that it will suffer the same fate as online gambling, and today, his company Microstrategy now owns 140 thousand Bitcoins. This is 10 years later.

The funny part is, online gambling became even more successful in 2020 pandemic period. Cheesy

I don't see something like this when I was struggling to make things work through Bitcoin, you beginners now have real reasons to summon your courage and believe, it was cold and silent in 2016, the FUD on Bitcoin was so much that you can easily give up and believe Bitcoin won't work, today it's different.

Yet some beginners still doubts, when I see beginners acting weak on Bitcoin, doubting its survival, I always ask them, what about those who invested in Bitcoin years ago when everything was so cold and hopeless? What gave people like that some courage at the time? Now big companies or well-known people are now adopting Bitcoin, that's your Courage there.

You beginners have no excuses, it is safer to be in Bitcoin now than to be out of Bitcoin, just, Believe, you will lament to have 0.1BTC very soon, now is the time to believe in Bitcoin and HoDL.

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May 17, 2023, 09:38:19 AM
 #2

I don't think that's true. I mean bitcoin never experienced a full recession before. 2020 was very close in terms of being hopeless but 2023 is exceeds even that. The US still haven't raised its debt ceiling and if they don't, the US will default on its debt. Can you imagine that? The world's most developed nation, AAAAA++++ credit ratings, the owner of the federal reserve is about to default on its debt... and if they don't, that's is an equally scary scenario because then the inflation will go boooooooom. Let's see how bitcoin will take these events.

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May 17, 2023, 09:48:50 AM
 #3

I'm sorry your father passed away, and it's so nice that he was supportive of your Bitcoin investment and endurance through the hard times of the bear market. Experts make mistakes, and it's really hard to predict how well a starting industry would do in the future. Online gambling is clearly big, and so is Bitcoin. The price isn't as good as in 2016, of course, but still pretty good. That being said, I think that people who have fear over Bitcoin and doubts about its potential should not invest in it because investments should be made based on personal decisions, given that the responsibility and financial risk are personal as well.

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May 17, 2023, 09:52:47 AM
 #4

These same people are the type that always take good advantage of something like this to make their way through as a life time opportunity, they see the risk, go for it and enjoy the after ride it serves them, imagine if one have invested 10 years ago till now, yet this time too isn't bad enough because those that will invest also today will have enough reasons to laungh best tomorrow when things have gone more better as expected with the bitcoin market, this is the target on why many investors hodl their asset, they wwnt to realize the profitability in bitcoin without having a trace of loosing than gaining althrough.

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May 17, 2023, 09:59:31 AM
 #5

You beginners have no excuses, it is safer to be in Bitcoin now than to be out of Bitcoin, just, Believe, you will lament to have 0.1BTC very soon, now is the time to believe in Bitcoin and HoDL.
You can work, have salary & money, make your savings and use part of savings for your investment in Bitcoin.

You have to do this gradually, accumulate bitcoin gradually but with money from your own pocket. Don't borrow money to buy bitcoin. Don't invest if you need that money  for something more important for your life.

Investment is risky so you must afford to lose your capital before you start your investment journey with Bitcoin.

Dollar Cost Averaging is helpful.
https://dcabtc.com/
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May 17, 2023, 10:10:34 AM
 #6

There will always be doubters, there will always be late adopters and there will always be those who who would never come around for the bitcoin train. The weak hands in bitcoin is not as much as it was in 2016 or before with many of them moving over to altcoins hoping they give more ROI than bitcoin would.

it is safer to be in Bitcoin now than to be out of Bitcoin,
Bigger investors does not make the network safer or more secure, it is the decentralization of nodes and the level of difficulty that does.

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May 17, 2023, 10:32:49 AM
 #7

Most people get a lot of things wrong, so they make wrong decisions because they listen to various "influencers" who tell them what to do and when to do it. Not much has changed in that regard since 2016, which the OP mentions as its beginning, except that Bitcoin was less well-known then than it is today, and the fact that after the big bull run at the end of 2017 it entered the mainstream.

Today there are companies and individuals who own a lot of Bitcoins, but I don't think that this is something completely positive considering that they do not use Bitcoin for anything other than storing value, and that at any moment they can cause panic if they publicly announce that they are selling all or part of the coins they own.
 
Personally, I liked the time when the price of BTC was only a few hundred $, everyone could buy it (1 whole BTC), and it was used much more as a currency, and not only as an investment.

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May 17, 2023, 10:44:24 AM
 #8

Yet some beginners still doubts, when I see beginners acting weak on Bitcoin, doubting its survival,
There will be doubt always, doubts about bitcoin's credibility, doubts about investing in it, doubts about it's survival and it is normal that there will be more doubts existing with beginners.

what about those who invested in Bitcoin years ago when everything was so cold and hopeless? What gave people like that some courage at the time?
People who invested years ago had no idea how that time was or was going to turn out. They merely invested because they heard about it then, had doubts that they could overcome and had the means to finance it comfortably to be able to keep their bitcoin investment longer.

Many invested with doubts in their hearts, but not many people can do such maybe because they are not financially strong enough to take such risk or they have more doubts and they are the kind that do not take action with doubts in their hearts, or for other reasons.

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May 17, 2023, 10:46:54 AM
 #9

The only thing that creates value for Bitcoin is that people believe that it will have value in the future, and this is what prevents you from selling your currencies even if the price reaches $40,000 because you know that it will increase in value in the future.

So, if you are hopeless, do not invest because all investment is based on the hope that the future is better than the past, and therefore keep your brain away from pressures and be content with low-risk investments and returns that are offered to you, or buy gold in the hope of preserving your money from inflation.

Investing in high-risk assets is harmful if you do not know when to stop investing, meaning that you have a clear entry and exit strategy.
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May 17, 2023, 11:06:33 AM
 #10

I don't think it's necessary to use stories to cajole people into believe and trusting in Bitcoin, I think if you use this method you would have to be consistently convincing them not to fear the market especially when there is little dips hear and there, the market is always volatile and it's a difficult task trying to convince someone about a particular Crypto-currency, and doing so you also making yourself liable to be held or blamed if they actually lose money from holding Bitcoin or any other crypto-currency.

Rather than cajoling people to believe in the investment strength of Bitcoin why not enlightened them about the potential advantages Bitcoin has over other financial system, let them understand that they can actually use Bitcoin to make their financial system easier, and also the fact that they control their financial system using Bitcoin and not under any centralized rules. Also tell them about the dangers, hackers, scammers and the need to be very security conscious. This are the issues we need to discuss more with newbies if the adoption of Bitcoin is to take full effect.
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May 17, 2023, 12:46:50 PM
 #11

You beginners have no excuses, it is safer to be in Bitcoin now than to be out of Bitcoin, just, Believe, you will lament to have 0.1BTC very soon, now is the time to believe in Bitcoin and HoDL.
0.1 BTC is very large amount for some people, I also heard in many podcasts people nowadays are very bad in manage their money, many people don't even save a dollar, how about Bitcoin investment? it's near impossible.

Many young generations are prefer to buy a branded stuff and have a luxury lifestyle to make them looks rich.

They need to learn how to save first, then they would think to invest their money. This make people not interested with Bitcoin because financial and investment education wasn't teached in school.
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May 17, 2023, 01:03:41 PM
 #12

No matter where the price of Bitcoin goes, how many times it breaks the all time high price, there will be some people who will always be not happy with any of these events. They will always complain that they are late to the Bitcoin adaptation and missed the golden opportunity to accumulate Bitcoins. For them when Bitcoins was at 15k usd, it was “expensive “, and now when Bitcoins are at 30k usd, it’s still “expensive for them. So yes nothing can be done with this type of people to be honest. Kudos to the early investors and true supporters of Bitcoins. Definitely in the next few years they will make tons of profits.

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May 17, 2023, 01:13:48 PM
 #13


You beginners have no excuses, it is safer to be in Bitcoin now than to be out of Bitcoin, just, Believe, you will lament to have 0.1BTC very soon, now is the time to believe in Bitcoin and HoDL.
you become part of the many people who are living witnesses of the development of the Bitcoin market. quite a lot of my friends have given up and let go of the Bitcoin they have. you have support from your family, it's good for your mental health when you have so much FUD you will hear.
I do not know exactly why I still hold my Bitcoin. or I'm still trading Bitcoins. what is clear is that I have also felt how I benefit from Bitcoin. many newbies are interested in Bitcoin when the market is very good. but many of them also dropped out when the market crashed. those who hold and hold Bitcoin, I think only a small part of the many beginners who come to invest in Bitcoin.



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May 17, 2023, 01:25:07 PM
 #14

Thanks for sharing some nice and balanced thoughts. I agree on your general sentiment and also regarding the idea that even 0.1 BTC could / would at some point in time be considered true wealth.
However I want to warn a little bit to be too optimistic regarding the short-mid term. Yes, chances are we can see another end of ATH 2024 to mid 2025. But maybe not. The current geoeconomical situation is as unstable as never before. Things are as complex and interconnected as never before. It's extremely hard to make accurate predictions for almost any kind of market these days and nobody knows how exactly Bitcoin will react if indeed a hefty world-economic crises emerges. Yes, Bitcoin could/should be a good hedge, but there is always some unknown variables.
Don't get me wrong, all I am saying is, never go all-in on anything, including Bitcoin.

Get educated about Bitcoin. Check out Andreas Antonopoulos on Youtube. An old but gold talk: https://www.youtube.com/watch?v=rc744Z9IjhY

Daniel Schmachtenberger on The Meta-Crisis: https://www.youtube.com/watch?v=4kBoLVvoqVY&t=288s One of the most important talks about the current state of this planet. Go check it out.
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May 17, 2023, 01:29:58 PM
 #15

OP, I don't think we should push and pressure people who don't want to accept Bitcoin yet. Why would you want them to come and invest in it without sufficient knowledge and understanding of how Bitcoin works? But yes, you are right that we know many stories of people who believed in Bitcoin from the very beginning of its existence. Let's remember davincij15, the one who so sincerely advised everyone to invest at least one dollar in Bitcoin. But how many of us have heard it?
Now we regularly see people coming to Bitcoin who regret that one day they didn’t listen to our advice. People grow up in different ways, it does not depend on age. Someone will wake up and realize that it is time for him to change something in his life, while someone else will remain sleeping and living without doing anything new in his life.

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May 17, 2023, 01:36:45 PM
 #16

Yet some beginners still doubts, when I see beginners acting weak on Bitcoin, doubting its survival, I always ask them, what about those who invested in Bitcoin years ago when everything was so cold and hopeless? What gave people like that some courage at the time? Now big companies or well-known people are now adopting Bitcoin, that's your Courage there.
(...)
We can't blame other people, especially these beginners because I feel them also before, like I don't know what I am doing or I don't know at the beginning where my money is going if I will buy Bitcoin.
These big companies or entities become my inspiration because if these companies are buying or investing and trusting Bitcoin with a very huge amount of money while I have a very small, then I trust to do it also.

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May 17, 2023, 01:42:46 PM
 #17

Beginners who are still unsure are because they don't find the right reasons why they should invest in Bitcoin so they don't hesitate to start even when the price of Bitcoin is still at a low price.
Investing in Bitcoin is a choice and if they still don't want to try it, we can't do anything about it but they will surely regret not wanting to try it.
People who have seen how Bitcoin is developing a want to keep investing in Bitcoin, even if they use more money than before because the current price of Bitcoin has not increased.
They feel that this is a very good opportunity and should not be missed because when the price of Bitcoin increases, it could be too late and make them regret it.

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May 17, 2023, 02:01:39 PM
 #18

Most people get a lot of things wrong, so they make wrong decisions because they listen to various "influencers" who tell them what to do and when to do it. Not much has changed in that regard since 2016, which the OP mentions as its beginning, except that Bitcoin was less well-known then than it is today, and the fact that after the big bull run at the end of 2017 it entered the mainstream.

Today there are companies and individuals who own a lot of Bitcoins, but I don't think that this is something completely positive considering that they do not use Bitcoin for anything other than storing value, and that at any moment they can cause panic if they publicly announce that they are selling all or part of the coins they own.
 
Personally, I liked the time when the price of BTC was only a few hundred $, everyone could buy it (1 whole BTC), and it was used much more as a currency, and not only as an investment.

You are right about possible panic from those that hold a large number of Bitcoin, and that's a bad thing, if panic comes it's going to be helpful, the more those that hold a large number of Bitcoin sell their bags the better it will become for Bitcoin, Bitcoin needs to be circulated instead of some whales holding large number of Bitcoin, so for the short term the panic will cause more dump but for the long term it's better. So What do you think?

If everyone buy Bitcoin at 100$ per one, for how long do you think that the price will stay at 100$? For something that was created to have value as more people buy, this is impossible,  many people wont be able to buy for 100$ before it will move on to 110$, 120$, 200$, the more the adoption increases the higher the price will grow.
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May 17, 2023, 02:23:16 PM
 #19

Your story OP is really touching, it hits different when you really would like to try things out like in the crypto industry which is the Bitcoin when the people you love fully support you and believes in you. Instead of saying things like you can't do it, they would really give you the push to believe in yourself and follow your guts. Worse part is when the time you succeeded they are gone it's like their mission to guide you is done.

There's no easy beginning to everything, even a talented person without polish won't do enough for you to shine. You'll have to work hard, study and be consistent which can be apply in Bitcoin. If people think they are not good enough to invest in Bitcoin then they are free to learn first. Which is a good thing since risk without knowledge is useless. But in Bitcoin surely there's a lot of opportunities ahead when you invest still do your own research.

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May 17, 2023, 02:26:28 PM
 #20

Bitcoin is unique and those who are scared to invest or don't believe in bitcoin should be left alone,for make their decision. I believe that when they have come to realize the potential of bitcoin,they will hate themselves for not taking advantage of bitcoin earlier,just like most of us that are new into bitcoin are regretting that we didn't adopt bitcoin since 2009.

This is still the best time to invest in bitcoin as the price is dip,after this time we might see a hike in bitcoin price and at this time people with little amount of money will buy very expensive. Fear,is another key factor that is making people to assume that bitcoin might not last. Life is all about taking risk to be successful, when you take a risk and think positive towards your action,this will kill the fear in you and make you have a strong believe in your actions. Believe in bitcoin and don't assume.

Sorry for the departure of your dad.


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