My bitcoin journey mistakes and moral lesson

[Ultegra134]

In 2016, when I first heard about Bitcoin. I never had any knowledge of the existence of a bitcointalk forum or even a detailed idea of Bitcoin itself, the first mistake I made was to listen to people's advice in respect to investing in Bitcoin. When I started reading and researching about bitcoin and its technology, A time came when I made up my mind to invest my little savings in it, but I decided to involve my parents, siblings and friends so that we can invest concurrently. But They came to the conclusion that bitcoin and all online investments are scams and I should not make such a wrong step if not, that am going to lose my money, I was confuse at that point

I'm sorry but I am a little confused now: I guess back in 2016 you were pretty young, hence the decision to talk about this investment opportunity with your parents, etc, so probably at your age you already knew how to use internet and look for information. Now you're telling us that your parents and friends made you change your mind because, I quote, "They came to the conclusion that bitcoin and all online investments are scams"? How did they do this kind of research? Where did they find this info? Did you look as well? Or did you just trust their word? I mean, seriously, I would never ask my parents for an opinion about bitcoin, they have no idea what it is and they have no idea how to find info about it. Probably you didn't believe in bitcoin enough to take the risk and buy otherwise no way you would have just trusted them.

I'm guessing the OP was quite young when he stumbled upon Bitcoin in 2016 and couldn't purchase it himself. This actually reminds me of myself in 2013 or 2014, when I requested my parents' permission to buy Bitcoin because, even though I had the money lying around, having always saved money from a young age, I didn't have the means to pay. I was underage, approximately 15 years old if I remember correctly, and thus didn't qualify for KYC, didn't have a debit or credit card, nor were PayPal purchases possible, supposing that I had an account; I created one later on.

Unfortunately, I missed the opportunity because I couldn't persuade my parents to let me use their card; they are completely oblivious to innovation, let alone cryptocurrencies, and in that way, they thought they were protecting me. Oh boy, were they wrong.

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[SatoPrincess]

from now onward nobody will ever discourage me from investing in any commodity that I see as a profitable one, no matter the risk that's involved. I will take it, There is no harm in trying with a small amount of money.

That’s FOMO talking, just because you missed out on investing in bitcoin in 2016 when the price was low doesn’t mean you should be any less sceptical of investments that may seem profitable. Invest what you can afford to lose, there is lot of risks involved in investing in cryptocurrencies, altcoins are known to be very profitable and have made some investors millionaires but there are lot more people who have lost money to altcoins, and rug pull scams. Bitcoin is the only crypto investment I can solidly stand behind 100percent.

[Yatsan]

from now onward nobody will ever discourage me from investing in any commodity that I see as a profitable one, no matter the risk that's involved. I will take it, There is no harm in trying with a small amount of money.

That’s FOMO talking, just because you missed out on investing in bitcoin in 2016 when the price was low doesn’t mean you should be any less sceptical of investments that may seem profitable. Invest what you can afford to lose, there is lot of risks involved in investing in cryptocurrencies, altcoins are known to be very profitable and have made some investors millionaires but there are lot more people who have lost money to altcoins, and rug pull scams. Bitcoin is the only crypto investment I can solidly stand behind 100percent.

Definitely a problem. Many people knows how profitable it is to invest in this industry but not all people knows how to handle risk from doing so. Some would wait for prices to fall and once the market does, they would still hesitate to invest. Some would invest during peak season and would regret once a market crash occur. The idea behind crypto investment is investing at any market price  wherein you can endure any market price behavior for a long run. Indeed short term investment has its place in this industry but be sure to know what you are doing sucb as with the right price to exist and make another entry. If not? go with long term vision 'coz based on charts, the market price is continuously but not consistently, moving upward.

[o48o]

I ignore people's investing advices all the time. And most of the time i've been right. I have missed 2-3 moon rockets because of not listening but also avoided 100+ rug pulls and crashes. When people are giving you an investment advice, they are usually shilling their own bags, and yes sometimes they are right about it but don't trust them blindly. When you study whitepapers by yourself you might find gems yourself. I know i did.

In hindsight you always see clearly what you needed to do. But remember that most of the people aren't giving investment advices because they are just good people.

[Ucy]

In a corrupted world, everything is inverted. The good is evil while the evil is good.
Whatever a corrupted mind believes will eventually get to others... it's like an infection that gradually spread until the whole body is infected. A disease first contacted by consuming the wrong kind of knowledge and trusting it which then spreads from cell to cell from person to person forming a network of nodes, in their millions, like darkened cobwebs, darkened by the infection. You must be seperate from this network, never connect to it else you become infected, turned into a zombie and hating on Bitcoin. Diligently seek the Truth or True Knowledge, you will find it, then connect with the Source of the truth and be with them, independent of the darkened Network.

Bitcoin is way better than the alternative, which the zombies completely trust. The alternative is a fiat system, a system of slavery but they have been blinded and cannot understand.

[Dr.Bitcoin_Strange]

There's a saying among people that "one risk will not kill you." Although some risk can kill the person, but when it comes to money and investment, one can manage their risk so that when an investment ends badly, it will not have a very bad effect on them. Speaking of Bitcoin investment, you are not being compelled to invest a huge amount. To invest in Bitcoin, you have the freedom to buy even if it's as low as $5, and perhaps in December 2016, Bitcoin's price was as low as $900+. Even if you had just bought $100 (0.105) worth of Bitcoin as of then, with today's price, it would have given you about +3000% on your investment.

Your story is one to learn from, and if you get advice from people, you could just think of trying it out a bit. If you had $1000 that you wanted to invest, you would have just tried to put in a small amount like the $100, But it's good you are here, and I believe you are still on time to accumulate your Bitcoin.


Cheers 🥂, Dr.Bitcoin_strange👺👺

[MarjorieZimmermanGinger]

I ignore people's investing advices all the time. And most of the time i've been right. I have missed 2-3 moon rockets because of not listening but also avoided 100+ rug pulls and crashes. When people are giving you an investment advice, they are usually shilling their own bags, and yes sometimes they are right about it but don't trust them blindly. When you study whitepapers by yourself you might find gems yourself. I know i did.

In hindsight you always see clearly what you needed to do. But remember that most of the people aren't giving investment advices because they are just good people.

Usually I will try to verify other people's investment advice and not just ignore it and not fully use it. Everyone has the mind to think and analyze something that is suggested by others, if the form of suggestions and input is not in accordance with the implementation then it is better to leave it. Not all investment advice from other people is bad, but intelligence is needed in analyzing and re-verifying because reason and brain function are created for that. The problem is when we are able to think but do not carry out, have instincts that are not applied and has insight but is not used in the right place.

In the last stage a person has instincts when his brain is unable to digest suggestions and input from other people. Often times for me personally to use this method to decide something and even though the level of accuracy is not always right, one's instincts are much stronger than the advice and input of others. Investment only talks about one's strategy and way of starting and when the time is right everything will definitely go well, at least that's what I experienced and learned from many things.

[SmartCharpa]

In 2016, when I first heard about Bitcoin. I never had any knowledge of the existence of a bitcointalk forum or even a detailed idea of Bitcoin itself, the first mistake I made was to listen to people's advice in respect to investing in Bitcoin. When I started reading and researching about bitcoin and its technology, A time came when I made up my mind to invest my little savings in it, but I decided to involve my parents, siblings and friends so that we can invest concurrently. But They came to the conclusion that bitcoin and all online investments are scams and I should not make such a wrong step if not, that am going to lose my money, I was confuse at that point, I thought of how I manage to save such amount of money, the fear of losing it, And what will be my fate if I lose it to scammers made me to succumb to their suggestion, in all, this got me dissuaded, this made me give up in knowing more about Cryptocurrency in general, and my investment plan in this indistructive decentralized digital currency (Bitcoin) and because I had no idea that a forum like Bitcointalk where new ideas are shared and bitcoin matters are been discussed by different people is in existence, but the good thing now is that even though I got notice of this forum late, I have learned numerous things in a short time here, for this reason I am always open to learning at any time from anybody.

moral Lesson:

when people give you advice, their intention may be good for you, but unknowingly to them that they have temporarily or permanently made you lose a lifetime opportunity that's if you listen to their advice. after listening to individual advice, it is your duty and decision as a person to filter the advice before making use of the ones you see that will be helpful to you. There is no harm in trying new ideas, just imagine, if I had attempted such innovations, even if is with a small amount of money, may be by now I would have been rich.

In this life, If you want to grow financially, one risk or the other must be involved.
In the pursuit of success, you must lose to learn a particular technique for the avoidance of its repetition.

Don't live your life according to the criticism and dictates around you, If not, you will be suffocated with stained ideas, as long as you don't cause people's pain, chase your dreams, enquire and develop yourself in such a way that people will see you as a role model. People must talk, just be who you are, and be committed to making your dreams a reality.

I am where I am today because I was unable to understand the value of making use of my instinct, But at least the knowledge I have about Bitcoin in the recent time is very tremendous more than before, from now onward nobody will ever discourage me from investing in any commodity that I see as a profitable one, no matter the risk that's involved. I will take it, There is no harm in trying with a small amount of money.

Yes, you are correct that we shouldn't take people's advice if we want to grow financially, but we must listen to the majority of advice—not all of it—since some people may not be knowledgeable about bitcoin. For example, when it comes to bitcoin and you decide to invest in it, I believe the mistake you made there was failing to inquire more about bitcoin investors, including whether they make money when they do so or lose money. You can move on and accept the risk in it if you do that and discover that nobody lost money while investing in it.

At this point, you don't need to regret not starting your bitcoin investments now; the time is now, not when you first learned about bitcoin, so you shouldn't have any regrets about it.

[Fatunad]

moral Lesson:

when people give you advice, their intention may be good for you, but unknowingly to them that they have temporarily or permanently made you lose a lifetime opportunity that's if you listen to their advice. after listening to individual advice, it is your duty and decision as a person to filter the advice before making use of the ones you see that will be helpful to you. There is no harm in trying new ideas, just imagine, if I had attempted such innovations, even if is with a small amount of money, may be by now I would have been rich.

Its still not too late though on which you could really be still able to make out some investment and does still have chance on making profits not only limited to bitcoin but also in other altcoins as well on which we arent
still on a bull run on which there's still chance on making money or profits. Its true that if  you do make yourself get easily believe on what others been saying then most likely you would really be able to miss up those lifetime opportunities which might lead with that never ending kind of regret because you would really be thinking that if you havent followed on what they have said then you might really be that rich as of this moment
and this is something that wont really be removed into someones mind but well as most people been saying that its not still that late to make out some crypto investment as of this moment.

Just that dont make yourself that too careless on making investment decisions and still be that careful on which project you would be putting your money in because we know that this market does still
have lots or tons of shit projects on which you would be needing to look at or else you would really be that victimized with it.

[hannahB4]

You can't blame your parent and siblings because then they did not know about Bitcoin, in my country the government believes Bitcoin will generate more greed in society which can lead to several immoral exercises and that is why they stopped the trade but who knew what they are into continued by looking for an alternative to the restriction they gave.