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Author Topic: How do you feel when you look at your first Bitcoin wallet?  (Read 1039 times)
Odohu (OP)
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September 19, 2023, 10:07:14 PM
 #1

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

R


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September 19, 2023, 10:44:29 PM
 #2

We share similar experiences. It has been eight years since the invention of Bitcoin, and that's when I first received my very first piece of Bitcoin. I don't consider myself an early adopter, but like you, I used or spent it without realizing its potential. I also feel regretful about not holding onto more Bitcoin from my early days. However, the important thing is that I now recognize its potential and can make better-informed decisions about how to manage my cryptocurrency holdings moving forward. We should use our past actions as learning opportunities.

For me, it's never too late to start accumulating and holding onto Bitcoin because I believe in the long-term.

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September 19, 2023, 10:54:08 PM
 #3

Almost everyone could've got the same feeling. None expected bitcoin market will turn this big and there will be such a level of growth in the short term. As said in the OP,  what volume of transaction have taken place in our wallets. We could've kept something for the future, because the price at which I saw bitcoin is around $300 and what is the price now. Opportunity have been missed, but the market have given access to buy/invest based on ones affordability.

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September 19, 2023, 10:58:06 PM
 #4

You're not alone definitely. Bitcoin was just starting to gain traction and I was naive at the time. If there was a way to correctly forecast the future, I doubt that a lot of us that made the decision to spend our bitcoin would have found a different alternative but it's not possible to know the future and that's life. I believe that what's past is past and I can only look towards the future and not the past. This is why I don't go over past wallets to avoid regrets.

What would you say are valuable lessons you learnt over time plus having gone through an aged wallet of yours? Will love to hear your thoughts. Hopefully it's more than regrets.

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September 19, 2023, 10:58:29 PM
 #5

without knowing it could actually be a way of creating wealth in the future.
It is volatile, but it was not created to make you wealthy anyway, it was created as a p2p electronic cash, one that's permissionless and decentralized. There is nothing bad to take advantage of its volatility and make money if possible, but i just wanted to point this out, so people don't find it strange when spending their BTC's.
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
Why would you be depressed spending your "money", except you squandered all of that on unnecessary stuffs, i don't see why you should feel sad, you can't save all your BTC's, spend some when you get the chance to.

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September 19, 2023, 10:59:17 PM
 #6

You're not alone in feeling this way about your early Bitcoin experiences and I did it last year.  I admit we have similar regrets when we look back at our wallets used and transactions.  I'm curious how much Bitcoin transaction comes to my wallet and I'm surprised it reached more than 1 Bitcoin.

IMO, this isn't good for us to have regrets and I will say, let it be.
If we think it too much, it might be disheartening to think about missed opportunities, but instead crypto isn't the end and there may still be opportunities ahead.  It isn't too late to accumulate again and forget what you have in the past, past is past.

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September 19, 2023, 11:06:00 PM
Merited by vapourminer (1), JayJuanGee (1)
 #7

I can no longer talk about the errors I have made in the past for not saving or accumulating bitcoin. When I had the chance to do that, I barely even visited my transaction history for my old wallets. This is because they are heartbreaking, they bring regret and discouragement, and you can also be encouraged by them if you choose to face reality.
 
To me, the issue is not with me not being able to save in the past, but now, based on how I treat the information I have on my table, now that I have realised the mistake I made in the past, how much I have saved and accumulated so far is what I should be worried about right now. In order for me not to use today's experience as a regret again in the coming future, I can use it for testimony instead.
 
Bitcoin is an asset; it is also wealth, so whenever we choose to start accumulating, even after wasting it in the past, it will still be beneficial in the coming future.

R


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September 19, 2023, 11:09:36 PM
 #8

Don't be depressed looking at it but be happy that you're able to know Bitcoin and you're able to use that with the actual use that you intend to.

I know that it's a hard thing to think of the early days and you're a spender but don't get it wrong. You have what you got by that time and that's the true value and use that you should be happy for.

While looking at it, it's time for you to have a separate holding of Bitcoin that you'll consider to hold it for a long time so that regret and depress you're experiencing has a solution already.

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September 19, 2023, 11:10:50 PM
 #9

(...)
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
Yep, this is normal and the majority of us for sure experienced it not only you but of me, yes. I also tried to calculate the value of my Bitcoin if they still have it now.
We have many mistakes from the past but it became a lesson, especially when I converted my Bitcoin before to random altcoins.

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September 19, 2023, 11:12:38 PM
Merited by vapourminer (1)
 #10



Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.


The future is unpredictable, so unlike you, I have never felt regretful about what happened in the past. It is simply a lesson for us and there are still many opportunities for us in the present and future, and the important thing is whether we can learn from experience and avoid repeating the same mistakes again?

Human instincts are greedy and selfish. When the opportunity is not clear, they refuse for fear of being scammed, but when the opportunity becomes clear, they feel regretful. Although bitcoin is valued much higher than it was many years ago, its opportunity is still huge. Why don't you start now to correct your past mistakes? The fact that you regret the past shows that you are thinking negatively about bitcoin in the future, because you cannot predict what will happen.

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September 19, 2023, 11:23:45 PM
Merited by vapourminer (2)
 #11

For me, it's never too late to start accumulating and holding onto Bitcoin because I believe in the long-term.

Agree with you it's never too late for it, I am also stacking every satoshi that I can.

I did not move much bitcoin before, my first wallet doesn't have many transactions but it is from 2011, almost 12 years ago, yes we missed the opportunity but there is no way to feel regret of that, it is sad but we can't change anything of that feeling on that way, then IMO is better to look at the future with better expectatives and begin informed about bitcoin and its technical topics will be good for all of us

So, keep stacking those sats and stay curious. The bitcoin game is still young, and who knows what's coming next

We have still 29 halvings to walk for a while

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September 19, 2023, 11:24:21 PM
Merited by JayJuanGee (1)
 #12

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
I might just have to snipe your first paragraph out as I don’t share the same ideas as you but on the later, it’s very much the case for me and like, I do that you know. I sometimes drop by to check my withdrawals and each time, it’s more damaging than the last I checked. Even with the idea not pegged on sending coins across borders without having to go through the rigorous checks and interview sessions at the bank.
I often come to a realization that, I’ve spent far too much coins than I am hodling at the moment. When I look back to what I’ve spent it on, am not 100% encouraged to have dealt it good as well.
Worst is, I still spend some more up to this day. I still get to top up my portfolio every now and then but, the idea of hodling don’t stop me from spending. As much as I spend, I do buy as well and my hodling volume ain’t that bad. Come next bullrun, I’ll smile some more.

R


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September 19, 2023, 11:39:36 PM
 #13

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


I think everyone would have experienced this and would have regretted that they spent the bitcoin when it was so cheap. On the other hand, if they could hold on to the bitcoin, they would be millionaire by now. I have spent bitcoin under 5000$ too and at that time I was so happy but later when Bitcoin reached 19,800 at the peak of 2017 bull run, I was so depressed.

Anyways, we always learn things with experience. Now I do not spend Bitcoin unless it is extremely urgent. I keep holding and wait for the next bull season to cash out some of my bitcoin. You can accumulate too as much as you can. I know that owning one full Bitcoin is not so easy nowadays but still, any amount will be good. You would not want bitcoin reach 100,000$ and you do not have any portion of it.

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September 19, 2023, 11:41:17 PM
Last edit: September 19, 2023, 11:52:02 PM by Ultegra134
Merited by JayJuanGee (1)
 #14

I had a similar feeling when I managed to recover my first Bitcoin wallet. It was an online wallet on Blockchain.com, and when recovered, it had $100 worth of Bitcoin in it, which is not too bad. However, when I started seeing the transactions and how much Bitcoin my wallet had transacted, I was dumbfounded. I had dealt with quite a decent volume in the past, more than triple my current balance, which is an effort of over two years. The saddest of all is that most of it was spent on digital crap, such as gaming accounts or a few Steam games. Only a small portion of it was salvaged years later.

It'll probably take me over 2 to 3 years to surpass the amount of BTC I had back then, which was then probably valued at less than $100. I wish I could turn back in time.

Edit: found my address again, oh my.

https://www.blockchain.com/explorer/addresses/btc/16BjYxYMjFcXLRFJE5UxrDXvHbW6VM5M2d

R


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September 19, 2023, 11:56:57 PM
 #15

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


Although we nay regret for not saving any bitcoins earned from the past still I'm glad that I still use this up till today and just move on with that chapter since at the end of the day we happily use that balances on any means. And for sure we are so satisfied at that time so maybe learn to move on from those but instead make that amount pass on your wallet as inspiration to gain more. Since for sure if crypto will exist for more years we still have many opportunity to gain a lot of money from our investments.

R


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September 19, 2023, 11:58:05 PM
 #16

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.


I too have a lot of spending transactions in my first Bitcoin wallet, and I don't feel any regret, because I have enough BTC from those earlier days to make me happy today. Sure, it would be great to have even more, but it could also be a lot worse if I wasted all my coins. In that case I would have to just accept the past mistakes, learn from them and work towards the future goals.

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September 20, 2023, 12:10:02 AM
 #17

When I first purchased Bitcoin, the price was only a few hundred dollars. A few coins was a relatively small amount. I accumulated double digits in Bitcoin. And I also had a number of altcoins. Valued in Bitcoin, at the peak of my crypto portfolio, my worth must already be considered huge today.

It's understandable to feel a little bit sad looking back, but we don't have any control of the past. I've probably learned my lessons, and although the same opportunity won't be coming back anymore, I'm kind of making up and am more determined to hodl.

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September 20, 2023, 12:19:04 AM
 #18

I really did not believe it til 2017.

I got in 2012.  I have made money but not as much as I could have.

Maybe 200k in profits since 2012 but if I held more I could have made 2 or 3 million .

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September 20, 2023, 12:41:43 AM
 #19


Thats probably the most of us are feeling. I haven't look at it since 2017.  I just look at it now and it felt like this could have a lot of coins if I just did the right thing during my first experience of bullrun. I was unaware that bear market could actually drain the price down. If I was just aware, I would have coverted all to stablecoin.


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September 20, 2023, 01:06:26 AM
Merited by JayJuanGee (1)
 #20

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.
Bitcoin is for global transactions, no censorship and it can be used as investment asset too but to create wealth, it will make you greed. Investment in Bitcoin is great but if you are greed, you will do some wrong things like making loan, using leverage, sell all assets you have to buy bitcoin without any savings for emergencies. It's all risky choice.

Quote
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
When I look at my Bitcoin wallet first time, my feeling is empty. Because I don't have any bitcoin in that wallet, it is only a software with user interface for me to look.

It takes me time to understand some basic tabs in that wallet and I have to search to learn how to use it, back up.

I don't know what wallet you used but you can use this filter tool from bitcoin.org to choose your wallet and secure your wallet tips.

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September 20, 2023, 01:12:13 AM
 #21

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
I just looked at my Bitcoin address in my profile and got surprised the same as you, I did 177 transactions and spent about 0.27+ BTC or almost $7500. if I saved and didn't spend all that btc, it will definitely make me happy today. but, everything has happened, there's no need to regret it, Now, how can we ensure it doesn't happen again?, how do we restrain ourselves from spend it again in tomorrow, I started learning to save and refrain from spending it again tomorrow.

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September 20, 2023, 01:34:59 AM
Merited by vapourminer (1)
 #22

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
We've all made mistakes, don't beat yourself up Smiley In my case I don't even want to check my old wallets and exchanges because I'm sure I thrown away too much money on useless shitcoins... I mean, not all the time, but for sure I could have spent way better that money/bitcoin. But at least we're still in the game, there are people who simply sold everything for a few hundreds bucks, that would be way worse for me.

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September 20, 2023, 01:39:43 AM
Merited by vapourminer (1)
 #23

Almost all of us have the same experience that there was ton of transactions before in our wallet and for sure most of us used a local wallet so that we can convert it to our own fiat.

I dont regret seeing those Bitcoin that I've seen from my transaction because that is the time that we've struggle financially and it helps me a lot on it which even though others may say that we just nor spent it and only sell it off on todays price but we cant and we shouldn't think of it because imagine what it helps you before on spending it
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September 20, 2023, 01:59:58 AM
 #24

Op this your story does not look nice with me, you join or use bitcoin because you wanted make cross boarder transaction or payment? To pay what and in which platform? And till now you still have that misconception of bitcoin by saying that bitcoin create wealth. Bitcoin is normal money for online and just like the fiat money we use every day. People can be bankrupted by bitcoin and we have seen it in the industry from several people. And that only difference between the fiat and bitcoin, bitcoin is decentralized but fiat is not, bitcoin appreciate in value but the fiat is not. Op I will want you to remove this mindset of bitcoin create wealth in the future because you might be disappointed from that thinking. And the way you said, make you to join bitcoin is not clear for me. Another question I will like to ask is, which work are you doing?
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September 20, 2023, 02:17:47 AM
 #25

Of course if we'd compare our first wallet to our current wallet and simply checked the history it's actually regretful but I take it as part of my experience, because back then we were actually not that skilled and experience into this industry, so whenever we have the chance to convert it into fiat, we always take our chances and not leaving and holding even a small amount of Bitcoin into our wallets. But for sure, it has helped us to provide our needs and I've actually enjoyed my time back then without overthinking about saving which is the opposite of the current me.

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September 20, 2023, 02:35:28 AM
 #26

OP, you're not alone. Literally, all of us missed the opportunity when Bitcoin was nothing. We never knew it was going to be something now. But are we going to keep complaining about missing out in that early stage? The answer is No. For me, I still see the opportunity to get Bitcoin. Is not yet at $60k. Been using Dual Investment on it. When the price goes down it will take on that. You know we need to plan ahead as well

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September 20, 2023, 02:38:13 AM
 #27

Before I made my first btc wallet, I read many threads in this forum and find that theoretically btc price will rise in the future so i save btc as much as I can in my wallet although at that time it's value in not high. mostly I only save my btc. but unfortunatelly at that time I am still too young and my parents have full control of me, when the price is high my parents push me to sell all of my btc, but I am not so happy with that because they made rules which is I am not allowed to buy that btc back. so I think we have some similarity which is regretted to sell or use btc.

Sepertinya sudah waktunya, kalau menurut saya lebih baik lump sum sekarang. 30/01/2024.
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September 20, 2023, 02:42:16 AM
 #28

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


In the past year, I have invested in Bitcoin probably starting around 2017 when I was just a student I did not really have money to invest at that time so I needed to make some side hustle in order to make investments, It was really depressing as well seeing I started when Bitcoin it was only around 400$ as far as I remember, So probably I did make a good amount of money if I really just invested in cryptocurrency that time, The thing here is I just end up selling my small investment that time because my mindset wasn't really right that time since I just wanted to make profit and spend it to my wants not thinking for my future.

But now I have started accumulating again after the last Bullrun when the market dropped and I did learn my lesson last time, now that I have multiple income streams I can easily hold my Bitcoin and I already accumulate a good amount of Bitcoin investment in my wallet,  I keep in track of my spending and hoping I will be able to invest more in the future not making the same mistake I did in my past years. So in my coming Bullrun, I can sure earn a huge profit.

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September 20, 2023, 03:13:11 AM
 #29

There's nothing wrong, similar like how Laszlo spend 10,000 Bitcoins to bought 2 pizzas, many people saying he's stupid since if he hold his coins until now, he will become a billionaire. The thing is, if he did not use Bitcoin as a currency in that time, Bitcoin price might not be like now.

So Laszlo did right and everyone that ever send or use Bitcoin when the price is still cheap, you're also being a part of contributors.
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September 20, 2023, 03:13:22 AM
 #30

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

What's there to be depressed about? Like you said, you had to use it to make cross border transactions because there were lots of restrictions on your country. You should be happy because you were able to use bitcoin the way it was meant to be used. And don't regret looking at your wallet. You need to learn to move on from the past. And you aren't the only one here. I am sure 99% of the regular bitcoin users would also regret if they look at their wallets now. So instead of regretting, invest more, save what you can and spend the rest like always.

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September 20, 2023, 03:55:41 AM
 #31

Everything that has happened is in the past, there is no need to regret what happened in the past, just think of it as a beautiful journey since you got involved in Bitcoin. If a squirrel knows it's going to fall, it won't jump. Likewise with all the TX that you have done in the past, if you knew Bitcoin would be this popular and traded at a higher price, of course you would have kept all the Bitcoin you held at that time. I will be realistic about what I have done in the past, I also do not consider this incident as a mistake because every TX that happened at that time I did without any pressure.

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September 20, 2023, 04:04:33 AM
 #32

I'm looking at it every day since I'm still keeping it in OWNR wallet. I never sold any BTC so I don't have any regrets, I just wish sometimes I bought more when it was cheaper, but I suppose everyone feels that sometimes.
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September 20, 2023, 04:12:24 AM
 #33

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

Well, in my case I have saved some, so I don't feel as bad as you do, but the opposite happened to me because I realised that even if I had kept it all, it wouldn't have changed my life. I would have more bitcoin, yes, but not enough to quit my job and retire, for example.

I see you live in Nigeria, so I guess the amount that has passed through my hands and that I could have saved more would have made a significant difference there.

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September 20, 2023, 04:18:03 AM
 #34

I remember when bitcoin was $50K. I found some old wallets with like 0.00015BTC or 0.00025BTC and I decided after like 8 years to finally spend this dust.

When bitcoin was $200. I would just round the balances because it was worth very little back then so if I had 1.00015 BTC, I would just send the 1 BTC because it wasn’t worth typing in the rest since it was worth like a penny.

Even did this with ETH and LTC which also exploded in price.

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September 20, 2023, 04:19:19 AM
 #35

Everything that has happened is in the past, there is no need to regret what happened in the past, just think of it as a beautiful journey since you got involved in Bitcoin. If a squirrel knows it's going to fall, it won't jump. Likewise with all the TX that you have done in the past, if you knew Bitcoin would be this popular and traded at a higher price, of course you would have kept all the Bitcoin you held at that time. I will be realistic about what I have done in the past, I also do not consider this incident as a mistake because every TX that happened at that time I did without any pressure.


The past is something we cannot change, but where the future will go is up to us to decide, so reminiscing about the past and feeling regretful is just a meaningless waste of time. The transactions of OP or anyone in the past are nothing compared to trading 10kBTC just in exchange for 2 pizzas but Laszlo Hanyecz has never felt regretful about that. So why do we always feel regretful about the past?

It's difficult to understand that many people always look back on the past and have regrets while the future is still waiting for us with better things. Honestly, I really hate people who like to talk about the past and always make "what if" hypotheses. If everyone knew the future, would this still be called life?

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September 20, 2023, 04:49:07 AM
Last edit: September 20, 2023, 04:59:52 AM by libert19
 #36

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I feel same, but it's ok, I'm still glad I was relatively early. I think I had my first Bitcoin wallet on blockchain.info and the address there starts with my online alias, '1Libert', I kinda find it unique. I still have that wallet, although I don't actively use it anymore, due to well it's blockchain.info  Grin

The transactions of OP or anyone in the past are nothing compared to trading 10kBTC just in exchange for 2 pizzas but Laszlo Hanyecz has never felt regretful about that. So why do we always feel regretful about the past?

Laszlo has literally got himself etched into Bitcoin history with this pizza purchase. He's got something to cheer about.

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September 20, 2023, 04:58:33 AM
 #37

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
You will always use the Bitcoin that you get when you don't have confidence in the development of Bitcoin which always provides profits for long-term holders, and will also use it when the income you get is not enough to meet your living needs, but most often this is when you are not sure about what it means Bitcoin can give if you dare to keep it for the long term.
If you use all these Bitcoins for important and useful things then why regret it, I once sold 1 BTC for no more than $400, which is the stupid act for now but not when selling it because it was decided consciously and for important things.

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September 20, 2023, 05:23:20 AM
 #38

Again when the Bitcoin journey started I was not that well experienced and did not have a good knowledge about Bitcoin. In the past I have not been able to accumulate bitcoins due to lack of good knowledge, completed many transactions during that time but never tried to hold on to the investment and lacked patience. But as much as I know about Bitcoin now and what I will get in the future I will definitely keep my Bitcoin as an asset that will help me a lot in the future. Investing in Bitcoin with an initiative to avoid making the mistakes of the past will be a really interesting one. bitcoin is a resource that helps fulfill a person's plans in the future. Although I have wasted a lot in the past but now I will try to accumulate those wastes which can lead me to a better position in the future this virtual asset Bitcoin.

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moneystery
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September 20, 2023, 05:30:53 AM
 #39

pretty sure that most people here feel the same way as you feel where they regret a little because they didn't set aside some of their bitcoins earlier. even though i don't feel the way you do, it can be a lesson for me and other people who are new to bitcoin to keep holding on to bitcoin.

even if it's just a little, it could be a worthwhile investment because no one knows what the future holds for bitcoin and it is very likely that it will be more than it is now.

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September 20, 2023, 05:35:22 AM
 #40

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

you should not feel depressed mate because you clearly mentioned that
the onlyreason why you used Bitcoin in the past is to use as cross boarder  sending money
meaning there is nothing in your mind to even Held a small amount leaving in your wallet.
but what made me think is that how long have you been into crypto that you did not realized the value of holding?
because year after year if we stay in this forum , we will see how the best way to treat bitcoin and that is to Hold ,but since you used all the funds in your wallet meaning you care nothing in the past?

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September 20, 2023, 06:29:18 AM
 #41

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

Your not alone my friend because on the time that i do check out my main wallet back in the past when im just starting with Bitcoin or crypto as whole which the incoming and outgoing totaled with 50+ BTC on which
it did really give out that kind of regret that i havent been able to save up even 1BTC out of those coins which i had generated before or earned. It is really that an amount that i could really changed up my life
but since the reality of those times on which it is really that hard to make money on that time since i dont have a work and i would really be needing to cash out and convert those coins into fiat and this what ends up on having no coins at all left. Now i have made out some savings even little by little which are really that intended for long term holds.

Even upto now which it do really give nightmares or having those regrets on what i have missed and this is why even little by little i try to accumulate which somehow do really ease that pain.  Cry
Well its never been too late though which there's still some chance on making money or profits. Its not also bad on taking up some consideration on investing with some altcoins too on which
it might give out that kind of chance for you to get rich if you do be able to hit the right one.

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September 20, 2023, 06:48:01 AM
 #42

I don’t think you can be depressed about having a lot of BTC traveled through your wallet. It’s pretty cool to say you have transacted in X amount of Bitcoin which today might be a small fortune. I think at one point my wallet showed over a billion dollars in total volume. While that may not exactly be true, it’s still more cool than regretful.

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September 20, 2023, 08:35:06 AM
 #43

Before I made my first btc wallet, I read many threads in this forum and find that theoretically btc price will rise in the future so i save btc as much as I can in my wallet although at that time it's value in not high. mostly I only save my btc. but unfortunatelly at that time I am still too young and my parents have full control of me, when the price is high my parents push me to sell all of my btc, but I am not so happy with that because they made rules which is I am not allowed to buy that btc back. so I think we have some similarity which is regretted to sell or use btc.

Since the economy is not friendly at all, I personally find it difficult to own for the time being, but I will very soon. I want to experience what it's like to have bitcoin in my wallet, knowing full well that it's something someone else can benefit from in the future. However, I'm still trying to stay informed before starting anything and taking into account various factors that will benefit me in the long run, If you don't agree with your parents' decision regarding your bitcoin, I think you should talk to them and explain why. Sometimes our parents can be wrong also. Your decision should be that it will be favorable for you.

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September 20, 2023, 09:02:30 AM
 #44

Op this your story does not look nice with me, you join or use bitcoin because you wanted make cross boarder transaction or payment? To pay what and in which platform?
BTC was created as a currency to make payment, it makes cross border payments very easy because all the payer and the payee needs is just an address to send and receive BTC in a permissionless and fast way, they don't have to use any centralized means that will require permission, what is not nice about this part of op's story. Op doesn't have to tell why they made their payment.
Another question I will like to ask is, which work are you doing?
Are you serious now, you can also ask op where they live, how they like their coffee and how much they have  Cheesy.

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September 20, 2023, 09:34:28 AM
Merited by vapourminer (1)
 #45

Not good, I had a good number of Bitcoin back then and it was very cheap but I sold too soon, today I find it to be more challenging to get back the same amount if Bitcoin that I have sold back than, I know Bitcoin was created to be a payment solution but it's not going to become one because of the valuable it renders if you hold for a long period, it's more like a true store of value than gold vs using it as a payment solution.

I also have a good number of Ethereum at the time, I believe that HODL is the best thing anyone can do in crypto space, with enough patience you will get to your destination with great return of investment than short term buying and holding, the crypto history has proven this to be true.

Also, it's not a do-or-die thing, if you are not capable, do not push yourself, the reason why I sold my Bitcoin was important, I just have to do it, for my family's sake.

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September 20, 2023, 10:18:34 AM
Merited by JayJuanGee (1)
 #46

Yes, I honestly say the same thing as you and feel sad seeing that my wallet doesn't contain much bitcoin.
But that doesn't make me despair because I can still try to collect more satoshis, especially in times like these where the price of bitcoin has not yet risen to a higher price.
You are not alone because I feel that many people don't even have any bitcoins at all and they don't know anything about bitcoins.
You are one of the lucky ones who already know about bitcoin. Even though you don't have a lot of bitcoin, you can still try starting now.
You don't need to be sad because we all still have time to accumulate bitcoins and we should make the best use of this time to get the profits we want. Don't give up @OP.

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September 22, 2023, 10:16:46 PM
Merited by vapourminer (1)
 #47

First, you said you used it to make payments across borders, and definitely it's for things you used either personally or for business. Even if you had wanted to save some fraction of those spent bitcoins, you would have archived your goal, but you did not just conceive of saving any, and that's why you didn't. In my old Bitcoin wallet, there's not much of a Bitcoin transaction to look back on, but for the wallet I am using for my business transactions and on the forum, there have been a lot of transactions, and I am not regretting anything because I still have some of my profit stored in Bitcoin, while the once converted to fiat is still invested in my business.

You might have spent a lot of Bitcoin, like you said, without saving any, but I think it's something you should learn from, and if you can start to invest now, you might still be able to accumulate a significant amount before the bull market kicks in.

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September 22, 2023, 10:33:39 PM
Merited by JayJuanGee (1)
 #48


Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

Many people have different stories how they came to accept bitcoin and all the stories being different but they are greatly related. As like your story, you wanted to send money across the bother but the fee was high and you opted for an alternative which is bitcoin. Nice to know that bitcoin has been and is still solving real time problems for people. When you checked your first wallet and understood the amount amount of bitcoin that passed through it, you were pained that you didn't save enough. But then the bitcoin you owned and spent was for a good purpose or for business.
How about someone like me whose first bitcoin transaction was a pure scam. I was scammed and I made the payment through bitcoin. If I visit that waller, I feel regret and wished I saved the bitcoin instead of sending same to a scammer.

But you need to understand that in 5yrs time, we will still regret of the bitcoin we are spending today. Do we have options, we cannot save all, we must survive from it.

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September 22, 2023, 11:21:45 PM
Merited by vapourminer (1)
 #49

~
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
The majority of the old time users here will have the same feeling if you go back and check your wallet history or the amount of BTCitcoin volume you spent in gambling sites or by looking at the amount of coins you send as tips and there is no point in regrets as i made huge profits in the cryptocurrency market in each and every rally in this space.
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September 23, 2023, 05:39:10 AM
 #50

~
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
The majority of the old time users here will have the same feeling if you go back and check your wallet history or the amount of BTCitcoin volume you spent in gambling sites or by looking at the amount of coins you send as tips and there is no point in regrets as i made huge profits in the cryptocurrency market in each and every rally in this space.
You are actually very correct, as can be seen from the various comments. However, I noticed a lot of the OGs knew Bitcoin will be something worthwhile in the future, hence, they bought and held from those early stages to date. How they got the foresight, courage and patience to persevere amidst the fud is what baffles me.


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September 23, 2023, 05:50:29 AM
 #51

Before you can see I high volume of bitcoin in your wallet that is not what you have in your wallet that means bitcoin is in bullrun because the coin your wallet can be increased when the bullrun has taken place, so what I wanted you to do is that a bullrun is something I know very well that have to do with increased in cryptocurrency and bitcoin particularly but but  has not taken any place, and it will depend when you invested in bitcoin  will determine the volume of bitcoin you will have, let me assume that you invested in bitcoin during last year when bitcoin price falls very well, if it's the time you invested in bitcoin their is any possibility that's it may increase in volume

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September 23, 2023, 05:58:09 AM
 #52

Well I still remember my first ever address. When I checked transaction amount there it makes me feel stupid. But I am also proud to be part of this invention (Bitcoin) so early. It helped get advantage in every section of my life. Bitcoin is number reason I feel "achieved" a bit. So I don't wanna consider sold amounts. I could be definitely richer, lot more richer, but I stayed just a bit above average. I didn't even have anything more thousand dollars back in those days when I first bought Bitcoin. So I wouldn't be able to buy more even if I wanted.
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September 23, 2023, 08:16:22 AM
Merited by JayJuanGee (1)
 #53

My first Bitcoin wallet was a web-based wallet from blockchain.info, which is currently not recommended for storing BTC. I initially used this wallet to store the BTC I earned from faucets, but because the amount was minimal, I neglected it. I also didn't keep the access data for that wallet, which may have been lost with my old computer. I disregarded that wallet and haven't had any connection with it since.

As for my current wallets, I have two: one for daily use and one for long-term storage. I still trust Electrum for the majority of my assets and BlueWallet for a smaller portion. I plan to purchase a hardware wallet when my BTC holdings reach a significant level, perhaps equivalent to $25,000 in BTC; that's when I'll consider getting a hardware wallet.
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September 23, 2023, 10:05:24 AM
 #54

I plan to purchase a hardware wallet when my BTC holdings reach a significant level, perhaps equivalent to $25,000 in BTC; that's when I'll consider getting a hardware wallet.

Can you reveal, how many bitcoins have you collected? I know it's not convenient to say this, but I wonder, why did you wait until you collected $25k in bitcoin before thinking about buying yourself a hardware wallet? Doesn't a hardware wallet like Trezor cost only 80 USD, which is not too expensive and I'm sure it is very small compared to the value of the bitcoins you are holding, right? Why don't you buy it now to protect your bitcoins? Even if your bitcoins are worth $1k, it's worth a lot more than the money you used to buy a hardware wallet.

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September 23, 2023, 11:08:35 AM
 #55

I plan to purchase a hardware wallet when my BTC holdings reach a significant level, perhaps equivalent to $25,000 in BTC; that's when I'll consider getting a hardware wallet.

Can you reveal, how many bitcoins have you collected? I know it's not convenient to say this, but I wonder, why did you wait until you collected $25k in bitcoin before thinking about buying yourself a hardware wallet? Doesn't a hardware wallet like Trezor cost only 80 USD, which is not too expensive and I'm sure it is very small compared to the value of the bitcoins you are holding, right? Why don't you buy it now to protect your bitcoins? Even if your bitcoins are worth $1k, it's worth a lot more than the money you used to buy a hardware wallet.
I think the reason is clear because they want more security when they have a lot of assets and for now those who don't have too many assets may still believe and not really make such plans.
I also think and plan so, currently my Bitcoin balance is not that much so I think now I don't really need a hardware wallet.

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September 23, 2023, 11:44:40 AM
 #56

Its always a learning curve to try something new like Bitcoin. Many lessons have been learned by me. At initially, I utilized Bitcoin for practical reasons, like you. When I looked through my old wallet, I remembered all the wasted opportunities. I made a mistake using Coinbase. It's simple, but I dont have my secret key. I gave them almost everything they needed to take charge. These companies lurk in the shadows for blunders like ours. However, sharing helps us learn and reduces their control. Avoid giving them the upper hand

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September 23, 2023, 12:22:14 PM
Merited by vapourminer (1)
 #57

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

Anyone that has been involved in this market for a few years will have some expenses and mistakes they regret, as if they had held those coins to this day then the amount of bitcoin they will have on their wallet will be many times more valuable than what it was back then, but that is life, think of those purchases and mistakes as what you needed in order to learn your lesson and save all the bitcoin that you can, since there is no point on lamenting losing that bitcoin when there is nothing we can do to recover it.
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September 23, 2023, 12:41:55 PM
Merited by vapourminer (2)
 #58

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

Yes, just like you, I total all the withdrawal transactions that I've made and can't imagine that it reaches this amount XXX and wondering where it goes.
We could say that holding is not really on our side as we spend them all but for good reason. I'd just also imagine if we all held Bitcoin, what would happen to the market? I'd realized that Bitcoin is not meant for holding but it was created to spend it like fiat money. We can say that most of us consider this as an investment, well yes, but at the same time, we also use this to buy things which means that there is an exchange of goods and money. We sell them because we buy this and this...

R


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September 24, 2023, 04:00:03 AM
Merited by vapourminer (2)
 #59

I plan to purchase a hardware wallet when my BTC holdings reach a significant level, perhaps equivalent to $25,000 in BTC; that's when I'll consider getting a hardware wallet.

Can you reveal, how many bitcoins have you collected? I know it's not convenient to say this, but I wonder, why did you wait until you collected $25k in bitcoin before thinking about buying yourself a hardware wallet? Doesn't a hardware wallet like Trezor cost only 80 USD, which is not too expensive and I'm sure it is very small compared to the value of the bitcoins you are holding, right? Why don't you buy it now to protect your bitcoins? Even if your bitcoins are worth $1k, it's worth a lot more than the money you used to buy a hardware wallet.
I think the reason is clear because they want more security when they have a lot of assets and for now those who don't have too many assets may still believe and not really make such plans.
I also think and plan so, currently my Bitcoin balance is not that much so I think now I don't really need a hardware wallet.

Not much, but how much? Like I said if it has greater value than hardware wallets then why are we hesitant about it? If your bitcoin assets are worth $1k, is spending $80 on a hardware wallet worth it?

I know many people are thinking the same as you, but in my opinion, if we really want to hold bitcoin for the long term and it's our significant amount of money. We should own a hardware wallet, if we cannot buy an expensive wallet, we should also buy the cheapest wallet because it is still safer than other hot wallets on the market.

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September 24, 2023, 04:47:11 AM
 #60

Im not using a electrum and Trezor hardware wallet before I just using a wallet I've seen in the google playstore and I made a transaction with the BCH and LTC once I know that the wallet is legit that I can make a transaction I tried to use the bitcoin but the problem is its a fix rate unlike in the Electrum you can make an adjustment with the use of the Sat/byte on that there's a fix rate like the exchange doing, later on I transfer into exchange and afterwards people recommend the use of the Electrum and i upgraded with the use of the Hardware wallet which i have the full control to my funds, hoping people will do the same to upgrade and not settle with the exchange as a wallet.

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September 24, 2023, 12:46:04 PM
Merited by JayJuanGee (1)
 #61

We share similar experiences. It has been eight years since the invention of Bitcoin, and that's when I first received my very first piece of Bitcoin. I don't consider myself an early adopter, but like you, I used or spent it without realizing its potential. I also feel regretful about not holding onto more Bitcoin from my early days. However, the important thing is that I now recognize its potential and can make better-informed decisions about how to manage my cryptocurrency holdings moving forward. We should use our past actions as learning opportunities.

For me, it's never too late to start accumulating and holding onto Bitcoin because I believe in the long-term.


Exactly, it is not too late to start investing in Bitcoin because I believe it will continue to increase, it is time to buy it and hold it for long term, in the past some of my friends that I will grow with, they had an idea about Bitcoin and used to buy it and keep it in their wellet, if the price just increase small their will sell it, i think they don't want to keep it for long term.

Later on, they told me about it, and I told them I'm not interested since I don't want to loose my money because I'm scared. In the next 4 to 5 years, Bitcoin is expected to increase, and people are beginning to enjoy people who invest in it for the long term, so I became interested in it, and a friend gave me a link to learn about Bitcoin at learnmeabitcoin.com and I have now begun to achieve my goals in Bitcoin.

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September 24, 2023, 12:53:34 PM
 #62

We share similar experiences. It has been eight years since the invention of Bitcoin, and that's when I first received my very first piece of Bitcoin. I don't consider myself an early adopter, but like you, I used or spent it without realizing its potential. I also feel regretful about not holding onto more Bitcoin from my early days. However, the important thing is that I now recognize its potential and can make better-informed decisions about how to manage my cryptocurrency holdings moving forward. We should use our past actions as learning opportunities.

For me, it's never too late to start accumulating and holding onto Bitcoin because I believe in the long-term.


Exactly, it is not too late to start investing in Bitcoin because I believe it will continue to increase, it is time to buy it and hold it for long term, in the past some of my friends that I will grow with, they had an idea about Bitcoin and used to buy it and keep it in their wellet, if the price just increase small their will sell it, i think they don't want to keep it for long term.

Later on, they told me about it, and I told them I'm not interested since I don't want to loose my money because I'm scared. In the next 4 to 5 years, Bitcoin is expected to increase, and people are beginning to enjoy people who invest in it for the long term, so I became interested in it, and a friend gave me a link to learn about Bitcoin at learnmeabitcoin.com and I have now begun to achieve my goals in Bitcoin.
The conspiracies that large banks are actively discouraging individuals from investing in Bitcoin. Its a story about the wealthy getting richer while shutting out the rest of society. But dont be too excited. Its time to cut through the distraction and look at the facts, the data, the trends. We must be wise and serious.

Knowledge is and always will be everything. You're doing the right thing by reading up on Bitcoin at learnmeabitcoin.com. But remain skeptical. Never stop asking questions and looking for alternatives viewpoints and sources. Take into account the fact that not all price increases are long-lasting and that not all price decreases are terrible. Only knowledge can save you in this world

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September 24, 2023, 01:22:52 PM
Last edit: September 24, 2023, 01:43:19 PM by vapourminer
Merited by JayJuanGee (1)
 #63

ive checked my old mining pool payout addys from back in my gpu btc mining days. the feeling is like ouch in one way but in another way to look at it is if no one had actually used btc back in the day it would be worthless now. someone has to prove its worth. even now.

so yeah all that would be nice now but the ride at the time was well worth it. no regerts

no matter what the past, as long as the future includes stacking sats its all good.
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September 24, 2023, 01:36:23 PM
 #64

I don't have access to my first wallet anymore and I think I wouldn't like to keep digging past history of transactions and wallet's funds, because it must be really depressing and painful to see how much you have already moved around, used for purchases, failed investments and gambling. Better to look only to the present moment and for what is going to happen from now on, aware that mistakes from the past can't happen again.

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September 24, 2023, 01:47:12 PM
 #65

~
Well back then I was kinda not really trusting myself hodling these wallets in my own so I relied on web wallets like Coins PH which is a localized crypto wallet here in my country. Kinda convenient to get myself started but as time goes by, I realized how unreliable web wallets are especially when you hold so much crypto that the people behind it might question why you're hodling that much Bitcoin and where did you obtain that amount.

Switched to desktop wallet that isn't connected to internet so that it would be pretty isolated to say the least. I felt more secured but not perfectly secured unlike when I tried hardware wallet. I also had the tempt the same way as yours but meh.
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September 24, 2023, 03:37:36 PM
 #66

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

Honestly after going through my Blockchain wallet which was my first ever wallet used for receivng, accumulating and subsequently selling almost all the Bitcoin due to some expenses needed in those days I do close the wallet immediately to avoid getting worried and blaming myself for the sell of the coin infact those period when it price was still very low, infact it's an experience I don't really like to recount, I had already switched over to another wallet just to avoid checking the past history of my former wallet, though the sold coins was exchanged to fiat and expended on a project which is a physical asset thus I have a little regret for selling my coin.

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September 24, 2023, 04:08:51 PM
 #67

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.
Well, it’s great that you have discovered another useful property of the bitcoin. Indeed, bitcoin is a unique instrument that performs completely different functions in the hands of different people. For a trader - one thing, for an investor another, and in your case - cross-border payments. What’s also surprising is that this is not the entire list of possibilities.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
Nothing can be done about this. The leaved btc's can't be returned, but you can get new ones. By the way, what volume of bitcoins went through your wallet? I was just curious.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

In this case, accepting the fact that these bitcoin can't be returned will help you feel better. Get rid of past thoughts to open up new opportunities for yourself to receive new btc.

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September 24, 2023, 04:26:40 PM
 #68

I think most people will feel the same way, and as they feel now, there will be regrets later and feeling the way we felt before. And things like this are normal events that will happen to any investment, and regret it after seeing the development.
And it will all be a very valuable experience and learning, and even those who are new will feel the same way and we should not feel the same way as them. So we should start as soon as we realize it, and not use it at all, save money, only sell some of the profits if we need it or just enjoy the profits. And those are all the best choices, and continue to buy within your means or do the DCA strategy, and make the past your motivation.

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serjent05
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September 24, 2023, 10:13:28 PM
 #69

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


I feel the other way around, when I looked at my first Bitcoin wallet I remember the feeling of being excited and proud that I am able to setup my first Bitcoin wallet.  A feeling of déjà vu when I first known Bitcoin.  I do not get depressed seeing that the first address has no funds in it.  After all, it can easily have funds if I wanted to since I got my weekly Bitcoin payment from the campaign I am enrolled with.

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September 24, 2023, 11:23:57 PM
 #70

Nostalgic really, and nothing else.

I still pretty much use the same old wallet I had over a couple of years ago, as a safety repository where I keep a portion of my bitcoin earnings, so it's not like I completely ditched it off or whatever. It's practically safe from the internet after all so I don't see any need for me to throw a completely viable and safe method of keeping my money. But yeah everytime I open it I get hit with the sudden feeling of nostalgia, reminding me that years ago this was fat and full, emptied, barely clinging to life as I withdrew most of my assets, and more. It was basically one of the witnesses of my bitcoin journey and I am very happy that I came upon it, had it not been for its secure and well, adequate features I prolly would've quitted using bitcoin years ago.
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September 24, 2023, 11:37:30 PM
 #71

That's what I feel too. I was into think, "If only I didn't sold my earnings from Bitcoin I became rich now." But we have to accept that we can't go back time. Remembering those bad things in life sometimes can lead to negativity. So beware and make sure that it motivates you so that it will help you to reach your goals in the future.

Instead of regretting, I used to think about the excellent things that Bitcoin has brought into my life.

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davis196
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September 25, 2023, 10:29:17 AM
 #72

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


My very first Bitcoin wallet was a Localbitcoins account wallet, which I've created back in 2015. Localbitcoins had to shut down in February 2023, so there's no way for me to visit and see my first BTC wallet(and there's no point for me to do as well).
There's no point of feeling regret about the Bitcoins, which you have spent in the past. Bitcoin was created with the purpose of being sent and received, not hoarded until the price hits the moon. The current state of BTC is a deviation of it's true purpose. Is there anything written in the original Bitcoin whitepaper about HODLing and waiting for the price to hit another ATH, so could sell and get more fiat money? No!

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September 25, 2023, 11:47:09 AM
 #73

Well, upon looking at my wallet, I can't really imagine the total amount deposited in it and I was thinking if I'd never spent them every time I received payment, that was huge. But I also think that Bitcoin is not meant for just holding instead, it should be circulated and available in the market. However, despite what happened as I emptied my wallet most of the time, I was also happy that I'm one of thousands or millions of people who benefit from Bitcoin.
(Maybe) I was not really good at holding but I spend my Bitcoin for some reason as well.

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September 25, 2023, 10:43:47 PM
Merited by vapourminer (2)
 #74

~
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

In the past 3 years or more, I've always been spending the Bitcoins that I get from signature campaigns. Just imagine that, I've been paid weekly thru Bitcoins, but most of them are being converted to our currency, and being used to pay bills, or buy something.

What's considered "a reasonable portion" for you? How much is that? You might have 1 Bitcoin, but you can't consider it as reasonable. On the other hand, you can have 0.01 BTC, and can be considered reasonable. I mean what's important is that, you are keeping a portion of Bitcoins that you are getting. Like what I've said, I've been spending the Bitcoins that I'm getting in signature campaigns for the past 3 years or even more, but the good thing is that, I always keep a week of the Bitcoins that I'm getting, and holding it.

Quote
Re: How do you feel when you look at your first Bitcoin wallet?
None.

Call me emotionless or whatever, but I don't feel anything at all. Sometimes I had this feeling where I want to add more Bitcoins into that wallet, but aside from that, nothing at all.

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Fuso.hp
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September 26, 2023, 04:10:54 AM
 #75

The bitcoin wallet I'm using now is the past, present and future for me because it's my first bitcoin wallet. I never want to lose access to this bitcoin wallet of mine. Everyone has made some mistakes in the past and many have lost their wallets due to some past mistakes so I am trying to learn from their mistakes and how to keep my wallet safe. I don't want to make a mistake that I will regret in the future. One of the most important things for a Bitcoin user is his wallet. If your bitcoin wallet is not kept safe, even if you make a huge amount of money by investing, that profit will never work for you. 

When I have bitcoins in my wallet and only I have access to that wallet, we can do anything with those bitcoins. So keeping our wallet safe is very important.

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irhact
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September 26, 2023, 05:38:24 AM
 #76

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

We shouldn't live our life on regrets because it'll always have a negative impact and affect the next decision you make, it'll make you second guess the decision you make and that's not always good. Did you use the Bitcoin you had in your first wallet to take care some bills or for other important things. If you use your Bitcoin well, you shouldn't blame yourself because not everyone is in a good position to always saved, now that you're in a good position you can start saving.

It's not late yet, I can't remember the first Bitcoin wallet I used and I'm not sure it'll still be in existence or popular because many Bitcoin wallet get outdated as improved ones are getting developed. In my earliest days of investing, my Bitcoin was used for my schooling.

R


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September 27, 2023, 11:28:16 AM
Merited by vapourminer (1)
 #77

I don't forget to live, this is what I think about when I look at my first Bitcoin wallet, I don't feel sad because I don't hold my Bitcoin, but I have to survive right? I used all I have to get some Bitcoin and I sold because I lack some good income, so no regrets.

There is time for everything like my people used to say, now that I am managing a real-world business I can invest and won't bother trying to sell because I have something else I use to settle my bills and pay my rent, I am good.

Even if I plan to hold for many years I won't have any problem, I believe that the reason why people find it difficult to invest in peace without touching their Bitcoin is because they have no other source of income, which is why I like advising people, newbies, for example, to always have jobs before thinking about investing.

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lizarder
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September 27, 2023, 12:26:39 PM
 #78

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone. 
I don't know what the purpose of your initial wallet check is, but if I'm not mistaken maybe you are observing the number of transactions that have been made through that wallet, so that a very large volume of bitcoin prices comes out if at that time bitcoin is not being sold. Several times I have also experienced something similar, where when I opened my first wallet it looked amazing and if at that time Bitcoin was not sold, maybe at the next ATH the figure would be much bigger.

What is certain is that you are not the only one experiencing this problem and almost many people have experienced that. Regret or whatever is no longer of any use and what we need to do now is how to collect as many bitcoins as possible to use when ATH returns.

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September 27, 2023, 12:28:01 PM
 #79

Good question.
I would like to answer that but I can't. My first wallet was on an iphone 4 I remember and it still held some coins when the phone crashed and died on me.

Back then I didn't think too much about it since it was only around 0.06 btc on it, which was like 20-30$ at the time approximately. Since I was quite new to crypto and clueless I didn't really bother to keep the recovery phrase safe as well.

Long story short, those coins, now worth 1500$, are lost forever.  Roll Eyes

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Nrcewker
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September 27, 2023, 12:40:17 PM
 #80

I remember first wallet I used was an online wallet and probably coinbase. I knew about crypto currency or specifically about Bitcoins through gambling only. At that time PrimeDice and Bitsler was at huge peak, and I got a recommendation video on Youtube regarding the gambling at both. So I found out about Bitcoins from those videos only, and in order to buy and store Bitcoins I used coinbase. I didn’t transact a lot in the wallet, but yes when I visit the wallet, I feel nostalgic.

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September 27, 2023, 12:43:14 PM
 #81

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


The first Bitcoin wallet that I have installed was way back 2014. It was a centralized and government-regulated wallet known as Coins PH. At first, I did not really feel anything bad or good regarding the wallet because I do not have any good knowledge regarding Bitcoin yet.

But I also remember about installing Blockchain Wallet, which is my first ever non custodial wallet that I have created. Due to my mindset back then, I wasn’t able to load any of my wallets and ignored them for like 3 1/2 years.

Around mid-2017, I successfully earned my first BTC (in sats) to my Coins PH for writing an article in an esports blog. Just to summarize, it was a good start to exposing myself to Bitcoin and in the world of cryptocurrencies.

Pla
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bounceback
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September 27, 2023, 04:22:57 PM
 #82

~snip~

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

This is a common experience for every individual, especially everyone on this forum
if we talk about the past, I think almost everyone has made the mistake of not saving their bitcoins and not collecting bitcoins when the price was still cheap to be used as a long-term investment, but at that time we noticed that many people preferred to spend their bitcoins rather than use them as investments. and there were also those who only used bitcoin for transactions because at that time everyone thought bitcoin would not get a high value and would not be able to get the big popularity it has today.

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September 27, 2023, 04:38:45 PM
 #83

For me, it was a Coinbase wallet that got deactivated and still, there are some sats in there that they're telling me to withdraw but I'll have to pay half of the amount in fees, so i don't care about that since it's not that much.

When I think about coinbase wallet... it's not much about feeling if I'm honest... It's about how much I used that wallet for ins.. and outs for gambling purposes and that they made it clear in their ToS that their wallet should not be used for gambling websites which I was unaware of at the time and my wallet was deactivated... Luckily there weren't any bitcoins in the wallet at the time.
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September 27, 2023, 04:44:39 PM
 #84

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

It's crucial to remember that people's opinions on their Bitcoin wallet can change over time depending on their experiences and how the cryptocurrency market performs. The emotional reaction might also differ greatly from person to person.
Sexylizzy2813
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September 27, 2023, 05:22:22 PM
 #85

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


The feeling is the same, sending Bitcoin here and there and at some point I just thought to myself that, what if I had kept it till this very moment how much would I be having at this point?
Well is never too late start up something. So OP you're not and never will you be alonein this kind of experience, never for ones feel depressed in any way.

R


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September 27, 2023, 06:12:45 PM
 #86

You are not alone. Seeing my first wallet transacting a whole BTC in just one transaction is simply amazing and somehow regrettable. I wonder if there are lucky people who revisited their first wallet just now and saw something that they can consider as "spare" bitcoin at that time. Not lucky for me given that I wiped my entire wallet up to 0 balance. I regret that I bought physical things before that has zero to no value in our current time, I would be rich if I didn't touch it for years.
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September 27, 2023, 06:55:06 PM
 #87

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


The feeling is the same, sending Bitcoin here and there and at some point I just thought to myself that, what if I had kept it till this very moment how much would I be having at this point?
Well is never too late start up something. So OP you're not and never will you be alonein this kind of experience, never for ones feel depressed in any way.
For sure, majority of us specially to those who had been dealing with Bitcoin or crypto space wayback on 2015+ or even more on which seeing their wallets and on how much they had made out in terms of incoming and outgoing transactions then it would really be something an amount that would be significant today. It would really be creating that kind of thinking that what if we do able to hold up those coins until today?
For sure you would really be thinking on the things that you might really have able to purchase or whatever you do have in mind if you do get a hold of those coins but well its already that done and past is past and there's nothing we can do since we do have priorities into those moments or days on which we would really be needing to cash out those coins and this would really be leading out spending those coins actively
which we dont have no choice and this is why its not really that good on keeping on looking back on what you had missed in the past but rather be focusing on what are the things that you are facing today.
We are already pretty away on what are those possible opportunities on which you could really make yourself that able to earn big but of course its not really that something a guarantee too which we know that
this market whether could shoot up even more or it would really be just that good on where we are now.

R


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Sexylizzy2813
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September 28, 2023, 06:19:29 AM
 #88

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


The feeling is the same, sending Bitcoin here and there and at some point I just thought to myself that, what if I had kept it till this very moment how much would I be having at this point?
Well is never too late start up something. So OP you're not and never will you be alonein this kind of experience, never for ones feel depressed in any way.
For sure, majority of us specially to those who had been dealing with Bitcoin or crypto space wayback on 2015+ or even more on which seeing their wallets and on how much they had made out in terms of incoming and outgoing transactions then it would really be something an amount that would be significant today. It would really be creating that kind of thinking that what if we do able to hold up those coins until today?
For sure you would really be thinking on the things that you might really have able to purchase or whatever you do have in mind if you do get a hold of those coins but well its already that done and past is past and there's nothing we can do since we do have priorities into those moments or days on which we would really be needing to cash out those coins and this would really be leading out spending those coins actively
which we dont have no choice and this is why its not really that good on keeping on looking back on what you had missed in the past but rather be focusing on what are the things that you are facing today.
We are already pretty away on what are those possible opportunities on which you could really make yourself that able to earn big but of course its not really that something a guarantee too which we know that
this market whether could shoot up even more or it would really be just that good on where we are now.

To be honest with you it would have been a large amount if kept till now, with the way BTC price is and the expected halving it would have been an amount that even you as the owner of that wallet won't believe you've done or saved such an amount.
Is really not easy, the question I'll ask is can you resist the temptations? With what you'd see can make you change your mind on not keeping it. So patience need to come with a chain to hold the mind on decisions we make when it comes to crypto business.

R


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September 28, 2023, 10:30:29 AM
 #89

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.
Yes, Bitcoin is a peer-to-peer payment network system that we, or people all over the world, can use to make it easier for themselves to send payments across the border. Because the Bitcoin system is the only way to send payments, it has been introduced. Secondly, no bank or financial institution is made a medium to send payment in the peer-to-peer network, as is the case in the traditional payment system, but it can be sent to everyone through peer-to-peer payment in a decentralized world. On time and with low fees all over the world. Apart from this, Bitcoin is not only used to improve the payment method, but it is also the best source for creating wealth. It depends on the person and how he adopts the strategy.

Quote
Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
Every Bitcoin enthusiast has the same reaction: when he looks at his past, similarly, when I look at the transactions in my wallet, I feel grateful, but then I think that he is also a human being who admits his mistakes. No lesson is learned by forgetting. But anyway, now I don't just sell out Bitcoin like before, but buy it by personal saving, so that in the future, bitcoin will cross its ATH and my portfolio will grow from a million dollars to billions of dollars.

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September 28, 2023, 10:57:36 AM
 #90

Just look at the attitude of the person who bought the pizza to answer your question. Money in the crypto market is uncertain because you can suddenly become rich or poor from your investment only you should not feel the loss. I bought a lot of other coins a few years ago including bitcoin which would have made me rich now but i sold them at small profit. Actually it is better not to follow the past time of life and we should make a big dividend in future. However bitcoin may be $100k in the future so buy at the right time. We should be more active and always take risk with crypto because risk can give you big profits.
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September 28, 2023, 11:19:14 AM
 #91

I can explain what people might feel after looking back at their first Bitcoin wallet. Seeing my first Bitcoin wallet may give me nostalgia, excitement and achievement altogether. Nostalgia for those early days when I ventured into the world of cryptocurrencies and found potential in it. Excitement because today it has massively appreciated in value. And feeling of achievement as the step that I took at that time by investing in Bitcoins indeed proved fruitful to me over a period of time.
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September 28, 2023, 11:20:49 AM
 #92

I just feel a little bit of nostalgia and I start to think about the stuff I used to do back then.
I also recall that since I used an open source and free wallet in my phone I made a small donation to the wallet developers as a gesture of thankfulness because I really liked how the software worked.

I still have it, I do not know why, I suppose it is because I have read it is not recommended to delete private keys which has been used before, just in case on needing to sign a message or something similar.


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September 28, 2023, 12:51:45 PM
Merited by JayJuanGee (1)
 #93

I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
If it makes you feel any better, I did lose access to a wallet that contained all of my mined coins from a few months of mining in early 2011!
- I didn't expect it to have this kind of impact and success, so it was just for fun, hence having no backups (SMH).

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September 28, 2023, 09:36:39 PM
 #94

Just look at the attitude of the person who bought the pizza to answer your question. Money in the crypto market is uncertain because you can suddenly become rich or poor from your investment only you should not feel the loss. I bought a lot of other coins a few years ago including bitcoin which would have made me rich now but i sold them at small profit. Actually it is better not to follow the past time of life and we should make a big dividend in future. However bitcoin may be $100k in the future so buy at the right time. We should be more active and always take risk with crypto because risk can give you big profits.
That guy who bought pizza at that time never thought that the price of Bitcoin would go like this. If we are able to ask that person again, he probably in regrets of spending that amount. For me, it was not a mistake to spend or sell our Bitcoin in the past, it is just about to happen because that is meant to be. It was not regretful because we still make a profit it unless we just throw it away. We sell them for some reasons and besides, holding it forever doesn't help the market to grow.

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September 30, 2023, 05:59:59 AM
 #95


Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


I have a very similar experience like you when checking my first ever online wallet for bitcoins. There is only a small amount of coins left in it and I don't really use it anymore because of the low level of security, but I also don't want to give it up. Going through the wallet history since 2016 when I first started out with crypto currencies is depressing and a good lesson at the same time. Feeling sad about the missed out opportunities and what could have happened if I kept all the bitcoins from back then usually only last a few minutes. I need to force myself to think about something else and use the past as a lesson to learn from. I bought and sold quite a few CSGO skins with my bitcoins which lead to only a small profit of what could have happened if I kept all those coins until today. The main lesson I take away from that is to never ever again sell all my bitcoins. I will always keep some now to HoDL.
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September 30, 2023, 06:45:38 AM
Merited by JayJuanGee (1)
 #96

Better decision to hold bitcoin if you check the first bitcoin wallet it feels really bad because if you didn't sell it then the price would have doubled. The mistakes made in the past should be learned from there and the present time should move forward. No currency has become as trusted as bitcoin in such a short time. That's why I will not give up now no matter which direction the market goes I will hold on to bitcoin. Although bitcoin is not yet recognized as a currency in many countries it is rapidly gaining popularity worldwide central banks of various countries have taken the initiative to formulate policies for the use of bitcoin financial institutions are turning to bitcoin as an asset.

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September 30, 2023, 07:39:40 AM
 #97

My first wallet was a web wallet which I no longer have access to. It is easy not to feel much guilt about my past spending when I have no way of examining those details, although I’m sure I spent what would now be worth thousands on some really minor purchases.

I am really glad that web wallets have become mostly obsolete and people are choosing to custody their funds on their own devices.

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September 30, 2023, 08:35:04 AM
 #98

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
My first wallet was a throwaway paper wallet. That was in 2017. I can't remember using that wallet more than twice before I got rid of it because I didn't know how to restore it in case anything went wrong. I understand that feeling you shared here but mine wasn't that of depression. It was more of bewilderment for me. Bewilderment in the sense that I wondered what I did with all that Bitcoin that went through the second wallet I got which I used for quite a while. It was a Blockchain wallet. The few times I checked it and saw how big the figures in it were, I shuddered. The $40, $50 BTC there then had appreciated to $300 - $500. I know that's how today's price will also appreciate in the next few years to go and make many of us shudder.

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September 30, 2023, 08:43:02 AM
 #99


I can feel you OP because I also realized the same thing. When looking at the transactions I made using cryptocurrency in the past, I paused for a moment and ask myself why I did some "squandering" by supporting worthless programs which I assumed then can give me some financial freedom but which turned out to be failed programs. I could have just saved my Bitcoin or Ethereum for that matter and be enjoying some profits today. I wish I got some futuristic power to see the coming things ahead avoiding the mistakes I made.

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September 30, 2023, 10:03:30 AM
 #100

My first wallet was a web wallet which I no longer have access to. It is easy not to feel much guilt about my past spending when I have no way of examining those details, although I’m sure I spent what would now be worth thousands on some really minor purchases.

I am really glad that web wallets have become mostly obsolete and people are choosing to custody their funds on their own devices.

Even if you can access it and review what you did in the past, there is no reason for you to feel remorse or guilt. Because no one knows what the future will be like and selling bitcoin at that time could also have helped you solve many problems in life. You should be proud that you did it instead of regretting it.

We need to remember that investing in bitcoin is about letting it serve us, improving our lives, not us serving it. So don't show regret for what you've done. Moreover, let's rejoice because those transactions of ours have fueled the development of bitcoin to what it is today. We should be proud that we were the first to use bitcoin.

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September 30, 2023, 12:39:40 PM
Merited by JayJuanGee (1)
 #101

The first time I heard about Bitcoin was at the early days of my life. I was naive I would say and so skeptical about the nature of the market ranging from its vulnerability and risks associated in the kinda of market as well as the high rate of scams in it. Investing in Bitcoin was like a two edged sword, I simply carrying the gamblers mindset, I invested little or nothing to it in order not to run deficit as a financial analyst. The skyrocket of the market was a boom, had a suit sayer told me it would, I wouldn't have believed.
Indeed the future is unpredictable, I never blamed myself for not investing much cos I have been scammed a couple of times.
You have every reason to be depressed, but looking at the past you can forecast that the future is bright, you just have to let by gone be by gone you're not on this alone. Chinua Achebe would say...... Those who have been oppressed as those who are often too willing to let by gone be by gone. Focus on the future, it's bright and has alot of package to unleash. Aloha 🕊️
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October 04, 2023, 02:14:12 PM
Merited by JayJuanGee (1)
 #102

The conspiracies that large banks are actively discouraging individuals from investing in Bitcoin. Its a story about the wealthy getting richer while shutting out the rest of society. But dont be too excited. Its time to cut through the distraction and look at the facts, the data, the trends. We must be wise and serious.

Knowledge is and always will be everything. You're doing the right thing by reading up on Bitcoin at learnmeabitcoin.com. But remain skeptical. Never stop asking questions and looking for alternatives viewpoints and sources. Take into account the fact that not all price increases are long-lasting and that not all price decreases are terrible. Only knowledge can save you in this world
It's not just a conspiracy but it was a fact. We are not bothered with it though and even the banks right now are with us. They are now also into Bitcoin. There might still be other distractions and it is hard to permanently avoid them but we can still do something. Knowledge is important but I think there also other traits that we must adapt to help us to become more successful on the things that we are going to venture.

I don't understand on why is he still skeptical after acquiring a knowledge in Bitcoin. But maybe he still lacks in experience. This could be one of the things that I'm referring to earlier. Yes, not all price increases are long-lasting because we need to switch to the other cycle, but as long as we HODL a good crypto, we can increase again and next time will be better than the previous one.

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October 15, 2023, 09:09:53 AM
Merited by JayJuanGee (1)
 #103

I feel motivated, I guess. The fact that I didn't have enough Bitcoin when I started in crypto, and seeing others accumulate a good number of Bitcoins in their wallets, made me think that if they can do it, I can do it as well. I didn't start with my own money when I got my first Bitcoin; I did some online jobs and related activities to earn Bitcoin. During that time, Bitcoin was still very cheap, around $200 per piece, as far as I can recall, so it was within reach for me to acquire at least 1 BTC, even coming from my salary with my job. However, at that time, I wasn't yet entirely convinced about Bitcoin, and I took the less risky path, actually no risk at all, as I didn't spend any money to acquire Bitcoin.

As of now, I can say that I have a decent amount of Bitcoin, not huge like those held by whales, but at least I have something to call my own for my future retirement. We never know if Bitcoin could reach $100,000 or even $1 million per piece, which is possible, right? And if that were to happen, I would say to myself that HODLing is indeed real.

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DabsPoorVersion
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October 15, 2023, 11:23:52 PM
 #104

My first wallet was a web wallet which I no longer have access to. It is easy not to feel much guilt about my past spending when I have no way of examining those details, although I’m sure I spent what would now be worth thousands on some really minor purchases.

I am really glad that web wallets have become mostly obsolete and people are choosing to custody their funds on their own devices.

Even if you can access it and review what you did in the past, there is no reason for you to feel remorse or guilt. Because no one knows what the future will be like and selling bitcoin at that time could also have helped you solve many problems in life. You should be proud that you did it instead of regretting it.

We need to remember that investing in bitcoin is about letting it serve us, improving our lives, not us serving it. So don't show regret for what you've done. Moreover, let's rejoice because those transactions of ours have fueled the development of bitcoin to what it is today. We should be proud that we were the first to use bitcoin.
Yes, the only thing you can feel is guilt for accessing your old wallet. It is indeed no reason doing it, seeing the current value of the old holdings will not make any difference as they no longer in the wallet. No regrets should be feel, even after selling it, it's probably used in your needs.

Aside from what you said, the reason why we invest in because to make money in our investment. If you decided to sell it in the past because you make a profit, that's enough reason not to regret your action. Better thing to do is to move forward, invest as much as we can and see where the price of bitcoin can get.


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November 29, 2023, 07:28:29 PM
Merited by JayJuanGee (1)
 #105

Each of us have similar story like you op. I start using bitcoin from 2016. I worked on a app and received some dollar in Bitcoin as reward, after that I started investing with Bitcoin while it was 200-220$ per Bitcoin and i had around 7-8 Bitcoin which i made from trading and investment. Sometimes i feel regret as if i could have knowledge about btc but here is game! Future is unpredictable, most of us here didn't imagine Bitcoin could cross 67k$ ath but i think it is better to think about future. How to use those opportunities which will come in upcoming days

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November 29, 2023, 07:51:19 PM
 #106

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

Yep, it did really make out that kind of depression and huge regret when i do tend to look and check out with my first Bitcoin wallet on which seeing those volumes in regarding inbound and outbound
transactions or simply with the overall volume then it is really giving out that kind of huge regret that you would be able to feel on point. You would be mainly have those what if's into your mind
and telling that if you have just able to hold up for too long then you might be millionaire now and you have already bought all the things that you do want now.

I made up my own big house and bought some luxury cars on which these are the primary things that comes out into my mind but well past is past and there's
no way on turning back. This is why it would be not ideal that you do keep on looking back specially into these things on which considering that
it would be giving out that kind of stress on which it would really be disrupting with your current or recent investment plans. So better move on and do things on which you do
seem that it is right atm.

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November 29, 2023, 10:03:16 PM
 #107

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


I think we all have felt such things to be honest, but that's part of making us realize the importance of it in the future, even me at first I didn't care if I spent the bitcoin I had the first time I had I have it in my own wallet.

And until now I'm still like that because I'm not a rich person to accumulate Bitcoin, but I'm doing other dca as alternatives to bitcoin and those are the other cryptocurrencies that I think can also give me profit in the upcoming bull run or before the halving comes here.

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November 30, 2023, 07:55:05 AM
 #108

Who else could share a deep/painful experience when it comes to first btc or previous transaction(s) wallet.

In my case, i cannot figure out my first wallet but, i do remember one specific wallet where i was unable to log-in to transfer or use the available coins. I forgot the passphrase when my asus laptop was faulty. So, i had to switch to a smatphone.

All my data's were not properly backup so, i lost access to paraphrase,pw...

The transfer from my localbitcoin to one of my blockchain wallet is still lying in that wallet.

During btc boom, i literally wake every morning trying to recover coin without success.

Note: now, i know there are lot of tools for performing such operation now but, i don't think its what the stress now.

**Just to note the good and bad side of btc back in the early days.


Regards

S🌏larplaNET  Rome🗺 🗺
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November 30, 2023, 08:03:27 AM
Merited by JayJuanGee (1)
 #109

While dwelling on past mistakes can be disheartening, it is crucial to acknowledge and learn from them. The missed opportunities to accumulate Bitcoin in the past may serve as a source of regret, but it is essential to channel this emotion into positive action.

Rather than fixating on what could have been, focus on the present and the opportunities that lie ahead. Bitcoin remains a valuable asset with the potential for significant growth. By seizing the opportunity to accumulate Bitcoin now, you can transform your past regrets into a catalyst for future success.

Instead of allowing past mistakes to paralyze your progress, use them as a powerful motivator to make informed decisions today. Embrace the lessons learned and channel them into a proactive approach to wealth accumulation.

SUGAR
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November 30, 2023, 08:06:07 AM
 #110

I came late to the Bitcoin join but the truth of it is that I was told to keep hodling while expecting a bull-run after some bullish runs which I was much impressed because I could make cool income in the Bitcoin marketing industry without pulling a muscle and not personal skills was required and there was no marketing competitions aside the shitcoins that has no influences in the crytop space.

But at my learning about some historical charts about Bitcoin where the price goes UPs and DOWNs, DOWNs and UPs, I wasn't confident enough to stay longer while the DOWNs (depreciation) comes and I felt trading strategies such as pulling out your Bitcoin from the trading wallet and get it protected with the fiat was the best trading strategies so as to boycott the deflation value which made me sold out my Bitcoin and was happy about atleast I made up to 4% of income and never loosed in the trades.
It is really not Worth recalling back the hands of time where I can tell you all that their came the bull awaited running in about some hours after I sold out.
I regretted and needed to reinvest it again at that moment then I realized that I was on the wrong thought of it.

This has really thought me experience lessions to my patients and has also enhance my faith and reliability on Bitcoin.

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November 30, 2023, 09:16:44 AM
 #111

Who else could share a deep/painful experience when it comes to first btc or previous transaction(s) wallet.

In my case, i cannot figure out my first wallet but, i do remember one specific wallet where i was unable to log-in to transfer or use the available coins. I forgot the passphrase when my asus laptop was faulty. So, i had to switch to a smatphone.

All my data's were not properly backup so, i lost access to paraphrase,pw...

The transfer from my localbitcoin to one of my blockchain wallet is still lying in that wallet.

During btc boom, i literally wake every morning trying to recover coin without success.

Note: now, i know there are lot of tools for performing such operation now but, i don't think its what the stress now.

**Just to note the good and bad side of btc back in the early days.


Regards

it cannot be helped that mistakes are made as beginners thanks for sharing because it’s also important to know that investing is something we all should be careful with

while it might be nostalgic to look back, it’ll be nice to know that some of the old investors we see now have also made mistakes this is not to encourage mistakes but rather to not lose so much hope in times of bad situations and learn from such mistakes

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November 30, 2023, 09:35:39 AM
 #112

I have no regrets with what I have spent my bitcoin with, the stuff and experience that I have acquired thanks to bitcoin is such an appreciation for me so I do not have any regrets about my spendings, the people that I have met and the experience I have shared with them is something I will be grateful. Money can always be earned and I can always buy bitcoin so I have no worries. In fact I am happy because all the bitcoins I have sold, I can still remember where I have spent it. I guess I am living more to what Satoshi envisioned on how to use bitcoin more than anyone but that is just me.



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November 30, 2023, 04:38:35 PM
 #113

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
My first Bitcoin wallet was an online wallet, blockchain.info, now known as blockchain.com. Whenever I logged in and saw the transaction history of the wallet, it brings back sad memories and regrets. It saddens me knowing that the Bitcoin I bought with few dollars has appreciated to a good value. If only one could see the future, things would have been different, I could have bought more and held. The worst thing is that I didn't keep the Bitcoin to myself or sell it, I used it in a pyramid scheme and I lost everything.

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December 01, 2023, 03:21:25 AM
 #114

I have no regrets with what I have spent my bitcoin with, the stuff and experience that I have acquired thanks to bitcoin is such an appreciation for me so I do not have any regrets about my spendings, the people that I have met and the experience I have shared with them is something I will be grateful. Money can always be earned and I can always buy bitcoin so I have no worries. In fact I am happy because all the bitcoins I have sold, I can still remember where I have spent it. I guess I am living more to what Satoshi envisioned on how to use bitcoin more than anyone but that is just me.
Perhaps, we can we whatever we want because that is our money and besides, having Bitcoin isn't just we hold them forever but of course, for some reason, we can spend it. Yes, we never feel regrets and that is exactly what we should think.
As I checked all the transactions I've made and had a total of all incoming transactions, I couldn't imagine how big it was if never spent/withdrawn already. But just like you, I'd never use it for nonsense and useless stuff so I feel no regrets. Well, this is the truth, it comes in and it goes out, and only the transaction remains as remembrance.

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December 23, 2023, 03:35:34 AM
 #115

While dwelling on past mistakes can be disheartening, it is crucial to acknowledge and learn from them. The missed opportunities to accumulate Bitcoin in the past may serve as a source of regret, but it is essential to channel this emotion into positive action.

Rather than fixating on what could have been, focus on the present and the opportunities that lie ahead. Bitcoin remains a valuable asset with the potential for significant growth. By seizing the opportunity to accumulate Bitcoin now, you can transform your past regrets into a catalyst for future success.

Instead of allowing past mistakes to paralyze your progress, use them as a powerful motivator to make informed decisions today. Embrace the lessons learned and channel them into a proactive approach to wealth accumulation.

I also believe that one of the most important considerations of the past is to figure out if there is something that can be learned from it in regards to your own management of your finances and/or your management of your knowledge and psychology and putting whatever might be your knowledge of your situation into action.

For sure each of us have made mistakes along the way, yet we hardly are going to know about our mistakes by merely assessing what the BTC price ended up doing as compared with what we thought that it might end up doing, because we are never really going to know the answer to those kinds of questions in advance, yet even if we have in perfect information we can consider the various directions that bitcoin might go and consider how extreme it could become in either direction, and then within reason attempt to prepare for either direction and the intensities.

From the start of my journey of investing into BTC, I had an investment thesis that involved ongoing accumulation of BTC, and sure if the price was going down then I was considering that it was good to buy the dip because I was lowering my investment cost, yet the BTC price kept dipping, and really it took a couple of years for my average cost per BTC to get back into profits and it even took more than 3 years for the first BTC that I bought to get back into profits and to stay there.

There were mistakes made at each of the stages, but even when I used to spend bitcoin or to send some bitcoin to others (as introductory gifts), I would frequently replace whatever I had spent, and I would also try to replace an extra amount, such as 5-10% more than I spent so that my BTC stash was continuing to grow in terms of number of BTC, but not necessarily in terms of its dollar value or it being in profits (at least not in the early years).

Even if I can see various places along the way that I made mistakes, I would also try to make corrections along the way too, and there were likely somethings that took me longer to correct than others, since each of us likely have certain kinds of habits, and maybe we can ONLY make changes within a certain number of changes at any given time.

Even when I see the number of bitcoin that I gave away, it is hard to have regrets about that, even when I see people who totally were not worthy to receive bitcoin, but then at the same time, it can be difficult to know whether my bitcoin interaction with them had maybe later caused them to have some knowledge and memory of bitcoin that might have had caused some of them to be more receptive to bitcoin at later dates (and some of them I cannot ask because I am no longer in contact - coming upon 7-9 years later.. if talking about some of the earlier stages in which I was giving away bitcoin was within 1-3 years after I first stared using bitcoin, but it was not really in my very first year of bitcoin.. and I did revert to some giving away of bitcoin later on in my bitcoin journey in the past couple of years.., but then even in the middle, sometimes I considered some of my bitcoin transactions to be kinds of charity (even though I got something out of it on my end), so maybe part of my point is that my interaction with bitcoin and even how I interact with others in regards to bitcoin has taken various changing forms through the years, even with some of the last year and a half or so with my trying to learn about using lightning network wallets... and for sure I do not claim to be a very technical person, but sometimes just having a bit more than 10 years into bitcoin does contribute to learning about various bitcoin-related technical things along the way.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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December 23, 2023, 05:49:05 AM
 #116

I can't remember how happy I was when I saw my first bitcoin wallet. But now I am happy to see my bitcoin wallet because it has more than double the value of what it was when I first invested in bitcoin. Currently looking at the wallet makes me even more motivated to collect bitcoins. My wallet will usually allow me to mine, store, store and trade bitcoins. Also, I can feel happy that Bitcoin is a new venture that will mainly create opportunities for newbies. By being proactive and taking steps to invest in Bitcoin, we can create a future for ourselves.

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December 29, 2023, 12:48:10 PM
 #117



From the start of my journey of investing into BTC, I had an investment thesis that involved ongoing accumulation of BTC, and sure if the price was going down then I was considering that it was good to buy the dip because I was lowering my investment cost, yet the BTC price kept dipping, and really it took a couple of years for my average cost per BTC to get back into profits and it even took more than 3 years for the first BTC that I bought to get back into profits and to stay there.


This is a true definition of patience , it might be hard sometimes but it's rewarding. BTC it's self should have been tagged patience  Grin let's flash back to the days when btc was still 0.$  probably, though it might feel easy to acquire but amongst the investor then if there were alot of small investors (I believe everyone should be a small investor then) whom had patience till this very  moment then there could have been a lot of scarcity  and a crazy hike in the price of BTC but who knew this was going to happen.  Even some used it as a trade for pizza Grin because they simply had no patience
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December 29, 2023, 01:28:00 PM
Merited by JayJuanGee (1)
 #118

Staring at that first Bitcoin wallet can be a real punch to the gut, huh? We all get the "what if" flashbacks, wishing we were Scrooge McDuck swimming in digital gold. But dwelling on missed moonshots can be a recipe for bitterness, and frankly, time travel ain't an option.

I always believe that this is a lesson and also a new opportunity. A very good saying I once heard "The past is a teacher, not a bully". We learn from our stumbles, grow from our mistakes, and use that wisdom to build something even better. So keep your eyes on the prize, embrace the lessons learned, and watch out world, because this Bitcoin is about to make magic happen!

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December 29, 2023, 02:20:35 PM
 #119

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

I feel you mate. If only I had saved all of my Bitcoins in the past for sure I am a millionaire right now and of course achieved the financial freedom we all are longing for a long time. But yeah that's life and I having no regrets why I spent it all before because without it we won't survive from crisis and other difficulties. My only problem that time was mismanagement in some of my funds but that serves as a lesson to me.



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December 29, 2023, 03:06:23 PM
 #120

I really did not believe it til 2017.

I got in 2012.  I have made money but not as much as I could have.

Maybe 200k in profits since 2012 but if I held more I could have made 2 or 3 million .

Unbelievable, just imagine someone who don’t have self control going through his old wallet and holding history and seeing how much rich he could have been what will be the person reaction.

Me I just consider what ever I have hold and spent on bitcoin in the past as past event I don’t allow my self look at those old wallets again as I might not like what I will see there it’s better for me not to look at it at all than to give my self another day full of think as to what I could have achieved with those holdings if I have hold little longer.

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December 29, 2023, 03:10:02 PM
 #121

From the start of my journey of investing into BTC, I had an investment thesis that involved ongoing accumulation of BTC, and sure if the price was going down then I was considering that it was good to buy the dip because I was lowering my investment cost, yet the BTC price kept dipping, and really it took a couple of years for my average cost per BTC to get back into profits and it even took more than 3 years for the first BTC that I bought to get back into profits and to stay there.
This is a true definition of patience , it might be hard sometimes but it's rewarding.

I am not trying to brag or anything like that, but I frequently make the claim that as long as you are choosing to invest an amount of money that is extra and that you are willing to ride your investment down to zero, then you should be able to ride out your investment moving against you, even if it seems to move against you for several years.. and sure if you keep buying at some points, you might start to question your conviction, especially if you keep buying, and even if you are buying a relatively small amount, the relatively small amounts still can add up.. even if it is ONLY $10 per week or some other similar kind of small amount. 

Of course, you can also choose between being aggressive and whimpy in terms of the amount that you are drawing from your discretionary income, so if you have an income that is between $400 and $1,500 per month with an average of around $900, yet your expenses are around $750 per month, then you can figure out ways to have an emergency fund that covers the gap and you can choose to be somewhat whimpy in your investment with maybe $10 per week, yet if you have a decent emergency fund in place that largely covers 3-6 months of your expenses (let's say that you have the whole 6 months covered, which would be $4,500 ($750*6), then you might feel that you are able to afford to be more aggressive, even $100 per week, but sure if there is that much variance in your income, you might figure out ways to adapt your DCA amount based on how much cash cushion that you have and even to have an amount that you invest into bitcoin no matter what, but another amount extra that would depend upon the size of your extra cash for that month, if any.

BTC it's self should have been tagged patience  Grin let's flash back to the days when btc was still 0.$  probably, though it might feel easy to acquire but amongst the investor then if there were alot of small investors (I believe everyone should be a small investor then) whom had patience till this very  moment then there could have been a lot of scarcity  and a crazy hike in the price of BTC but who knew this was going to happen.  

Even though I agree with part of your overall point that the longer that anyone had been investing into bitcoin, then the more likely that the investment would have had ended up paying off.. which yes, could be considered as a form of patience and/or a form of deferred gratification.

At the same time, I think that it is not very realistic to be trying to make modern day comparisons to the situation that was available close to the time that bitcoin was just finding it's price, and even if we start from a later date, such as early 2012, when bitcoin was at $4 per BTC, it still might not be realistic to be considering those kinds of prices as realistic entry prices for any normal and regular people because they would have had to have been in some kind of niche group, and sure they might have been merely lucky in that regard, but probably the various developments in 2012 and 2013 did bring bitcoin more and more to the attention of more regular people.

It also seems to me that with the passage of time, bitcoin's investment thesis continues to get stronger and stronger, so hopefully anyone with a 4-10 year or longer investment time horizon is able to figure out a way to build some kind of a bitcoin investment plan that seems to continue to have good chances of paying off in the future. .even though there are no guarantees  in regards to the paying off of a longer term investment plan.. and surely even some folks who screwed up in the past in regards to the way that they treated their bitcoin will still be able to have good chances of making up for their past errors by getting started accumulating BTC persistently, consistently and ongoingly until they reach targets that are acceptable to them and their situation.

Even some used it as a trade for pizza Grin because they simply had no patience

That is not a very fair and/or accurate characterization of the Lazlo pizza situation, even though a lot of people characterize Lazlo's pizza situation in that kind of inaccurate way.

If bitcoin did not really have much if any price, then it could have had been replaced for similar amounts of money (such as 2 pizzas for 10k BTC), but yeah there have been various price spikes in bitcoin in which it no longer becomes possible to replace bitcoin for anything close to the amount that they had been acquired, so even someone who might have come to bitcoin 10 years ago like me, and then maybe accumulated bitcoin over several of the earlier years (and maybe made some mistakes along the way too), he still might have had been going into 2016 or 2017 with BTC costs of $500 per BTC, but then let's say for example, he had accumulated 300 BTC, but then he decides to spend 100 of his BTC in early 2017 at $1k each, and so he buys a house or a car or some various consumer goods that may or may not hold their value very well, and he is thinking that he doubled his income because he bought them for $50k and he sold them for $100k, and yeah maybe he might have even sold them in mid 2017 for $2k each which would have gotten him 4x, but then how is he ever going to be able to generate enough money to buy back those 100BTC, so sure he still has 200BTC, but he still might be in a worse position for having had sold them, yet at the same time does he have enough BTC?  It depends on the overall situation and if he continues to make those kinds of mistakes or not.

With Lazlo he was very early to mining and he even was very innovative with the early conversion from CPU to GPU, so he had accumulated a lot of bitcoin through his mining efforts, and he surely may have felt needs to spend (and/or redistribute) decent quantities of his BTC holdings.. ..and we do not know how many times Lazlo spent 10k BTC on pizzas.. or how many BTC that he has left?  Did he spend like a drunken sailor and does not have any BTC left, or maybe he had saved some of those BTC that he had mined?  By the way, I did a quick calculation of how many BTC were being mined per day in 2010, and that would have been 7,500 (144 x 50), and so if Lazlo was mining a lot of bitcoin, he may well might have been able to mine 10k bitcoin in a week or less...and recall that in bitcoin's first 4 years, 10.5 million (or half of the total supply) was mined, so even if Satoshi got around 1 million of the coins, there was another 9.5 million going to other miners, and surely some of the miners ended up spending their coins in a variety of ways. 

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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December 29, 2023, 03:14:16 PM
Merited by fillippone (1)
 #122

Each of us have similar story like you op. I start using bitcoin from 2016. I worked on a app and received some dollar in Bitcoin as reward, after that I started investing with Bitcoin while it was 200-220$ per Bitcoin and i had around 7-8 Bitcoin which i made from trading and investment. Sometimes i feel regret as if i could have knowledge about btc but here is game! Future is unpredictable, most of us here didn't imagine Bitcoin could cross 67k$ ath but i think it is better to think about future. How to use those opportunities which will come in upcoming days
Your stories is what serves a lesson and aslo a motivation for those of us that didn't actually get that opportunity to have UpTo 1bitcoin in their wallet or even got the opportunity to be around during that period and am pretty sure that everyone is currently keen on their HODLing to actually see how the future unfolds, that's if their is more positivity as the growth and adoption of Bitcoin gets bigger and bigger by the day.

Sometimes I wonder if I hadn't found this forum and all its teaching about HODLing and accumulating of Bitcoin, especially the master lecturer @jayJuanGee, how would be with my Bitcoin today maybe, I would have probably traded it and lost it because of all the positive ads I do get on how trading is effective not knowing that it's a deadzone for anyone actually thinking of accumulating some Bitcoin anytime soon during different strategy like the DCA.

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December 29, 2023, 03:24:48 PM
Merited by JayJuanGee (1)
 #123

I feel a mixture of emotions when I look at my Bitcoin wallet. I feel lucky & happy that I was early enough to build a not unsubstantial stash. I feel glad that I was able to invest because the alternative places to store your wealth are not good. Maybe I feel slightly unsatisfied as even though I have a decent stash I should have more.

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December 29, 2023, 03:36:56 PM
Merited by JayJuanGee (1)
 #124

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
As you talk about this, I feel the pain more, but mine was a small Bitcoin but a huge amount of Litecoin that could have made me very rich. I started transacting in crypto as far back as 2013 or 2014 if I am correct and there are some wallets I never had access to anymore. Not that my assets were lost, I just stopped using them for one reason or the other. Not to mention the ones I still have access to, and the last time I checked one of the oldest, it was full of LTC transactions in hundreds of them because I was using it for my only deposits and withdrawals in nad from my FX trading account respectively and I withdrew a whole lot of them then.

Just like you, my goal was to deposit through them and get my money back through the cross-border opportunity that eased me from the bank wire transfer stress and extortion. It was nice then and it actually delivered in that regard. But I was too blind not to keep my money in crypto and was just converting it all to banks then. Well, the deed is done, there is no wisdom in biting oneself because of the past. You can still make amends now if you can. I started making money in crypto investments since last year and I know I will make more with time. So, no hurt feelings.

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December 29, 2023, 04:14:25 PM
 #125



Even though I agree with part of your overall point that the longer that anyone had been investing into bitcoin, then the more likely that the investment would have had ended up paying off.. which yes, could be considered as a form of patience and/or a form of deferred gratification.

At the same time, I think that it is not very realistic to be trying to make modern day comparisons to the situation that was available close to the time that bitcoin was just finding it's price, and even if we start from a later date, such as early 2012, when bitcoin was at $4 per BTC, it still might not be realistic to be considering those kinds of prices as realistic entry prices for any normal and regular people because they would have had to have been in some kind of niche group, and sure they might have been merely lucky in that regard, but probably the various developments in 2012 and 2013 did bring bitcoin more and more to the attention of more regular people.

Well, I reasoned it too maybe the way I placed it but in one way still linked to patience, Bitcoin  was once a shit coin but at that shitty state there were some positive factors showing there would be a good outcome  on like other shitty coins which pump and dumb in a short period of time after it's being launched(this  pumps are not even up to a $)

You said developments in 2012 and 2013 did brought attention but who knows  there could be some future developments, some time patience could be a risk but once you are sure of what you are having patience on then, just have hope look forward to a positive effect.
A life example is everyone going to high-school, college, uni  with the view of getting a job we all trust the process but not all will make use of that certificate and not all will get rich from the Job. This might not really relate but in one way talking about taking the risk of going  to school because we expect a good outcome from it but we eventually taking what life throws at us.

This doesn't mean anyone reading this should go out and start buying all sort of shitty coins Grin , I don't think there would be a coin like Bitcoin again even if there will be, by now we should have a contender at 10k, no one can predict  the future but it will be rare to find such .

All I'm saying  is have at least some little patience  Cheesy,  even  if you invest  now and you have no patience you might endup leaving at an unripe target point  fine! you made some profits but is it worth it Smiley

Quote
That is not a very fair and/or accurate characterization of the Lazlo pizza situation, even though a lot of people characterize Lazlo's pizza situation in that kind of inaccurate way.

Well I mad3 that as a joke not being serious about it though i thought of it too:
---For him to have  10k Bitcoins  then he probably has more than that and having so much of it means he probably saw potential in it and knows there will be a future appreciation in the price. Although,  I never knew he was a minner until now , I even looked it as a way of gaining attention as on how Bitcoin could be used as a payment of goods.

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December 29, 2023, 04:17:36 PM
 #126

I feel a mixture of emotions when I look at my Bitcoin wallet. I feel lucky & happy that I was early enough to build a not unsubstantial stash. I feel glad that I was able to invest because the alternative places to store your wealth are not good. Maybe I feel slightly unsatisfied as even though I have a decent stash I should have more.
What you feel, I do too. Yes, even though someone has their own problems with financial limitations, and they want to add little by little, I think this person knows the future of this asset. I am happy or proud to be able to get to know this asset, compared to my own environment which doesn't know about investment, of course I have a different experience from these other people.

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December 29, 2023, 04:43:29 PM
 #127

Each of us have similar story like you op. I start using bitcoin from 2016. I worked on a app and received some dollar in Bitcoin as reward, after that I started investing with Bitcoin while it was 200-220$ per Bitcoin and i had around 7-8 Bitcoin which i made from trading and investment. Sometimes i feel regret as if i could have knowledge about btc but here is game! Future is unpredictable, most of us here didn't imagine Bitcoin could cross 67k$ ath but i think it is better to think about future. How to use those opportunities which will come in upcoming days
Your stories is what serves a lesson and aslo a motivation for those of us that didn't actually get that opportunity to have UpTo 1bitcoin in their wallet or even got the opportunity to be around during that period and am pretty sure that everyone is currently keen on their HODLing to actually see how the future unfolds, that's if their is more positivity as the growth and adoption of Bitcoin gets bigger and bigger by the day.

Sometimes I wonder if I hadn't found this forum and all its teaching about HODLing and accumulating of Bitcoin, especially the master lecturer @jayJuanGee, how would be with my Bitcoin today maybe, I would have probably traded it and lost it because of all the positive ads I do get on how trading is effective not knowing that it's a deadzone for anyone actually thinking of accumulating some Bitcoin anytime soon during different strategy like the DCA.

From your mentioning of an aspiration for getting to 1 whole coin, that likely is becoming more and more unreachable by newbie bitcoiners, so each of us just need to attempt to create BTC accumulation targets that are reasonable for our own circumstances, so maybe we start out striving to get 1 million satoshis, and then after we reach that we might strive for 5 million, and then 10 million and then 21 million and then 50 million.. and gosh, if we end up getting to 50 million, then we have reached 0.5 BTC... so we do what we can, and it could still be possible to reach 1 BTC or multiple BTC, but likely not very possible or easy for normie no coiners who have not yet even started to take bitcoin accumulation seriously enough to figure out a plan to get started in their BTC accumulation journey as soon as possible.

Any of us, even the brand new bitcoiners, are still likely advantaged if we are ready, willing and able to get started in our BTC accumulation journey right now, even if we are feeling that our own budgetary situation might not allow us to yet be very aggressive, but if we treat these kinds of BTC accumulation in a serious way, then we might be able to increase our level of aggressiveness with the passage of time and still be advantaged, relatively speaking, by getting started.

But I was too blind not to keep my money in crypto and was just converting it all to banks then. Well, the deed is done, there is no wisdom in biting oneself because of the past. You can still make amends now if you can. I started making money in crypto investments since last year and I know I will make more with time. So, no hurt feelings.

For sure there still could be some questions regarding where you are choosing to store your value whether you are actually making money or just storing it, and if you are redistributing the value from time to time, there can also be questions regarding how much you might apportion in each category of crypto.. and hopefully you are not too distracted in terms of storing very much of your value into non-bitcoin kinds of crypto... which may or may not end up working out, but if you know some of the parameters for getting in and out of various crypto.. WHICH IS A BIG IF, then you still have to figure out where you might want to store the bulk of it, in the event that you are not trading like a degenerate gambler with all of it.. .. and surely in this thread we are mostly talking about storing in bitcoin rather than shitcoins, which much of the reason why I would suggest that the overwhelming majority of normies don't be fucking around with shitcoins at all (except maybe for transactional purposes and/or if they cannot control their gambling/trading tendencies to keep it less than 10% of the size of their bitcoin holdings.. and surely there may well be some guys who have more experience trading and/or gambling and who are able to play around with more than 10%, but guys like you (if you are one of them) EarnOnVictor are likely the exception rather than the rule in terms of the dangers of trading and/or holding much if any value in shitcoins.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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December 29, 2023, 04:58:31 PM
Merited by JayJuanGee (1)
 #128



From your mentioning of an aspiration for getting to 1 whole coin, that likely is becoming more and more unreachable by newbie bitcoiners, so each of us just need to attempt to create BTC accumulation targets that are reasonable for our own circumstances, so maybe we start out striving to get 1 million satoshis, and then after we reach that we might strive for 5 million, and then 10 million and then 21 million and then 50 million.. and gosh, if we end up getting to 50 million, then we have reached 0.5 BTC... so we do what we can, and it could still be possible to reach 1 BTC or multiple BTC, but likely not very possible or easy for normie no coiners who have not yet even started to take bitcoin accumulation seriously enough to figure out a plan to get started in their BTC accumulation journey as soon as possible.


Having to beat ourselves by trying to go beyond our reach in bitcoin accumulation due to the time and mistakes of the past is some how a bad approach and since I already know that fact,  I put every regret or missed chances of accumulating bitcoin when the price was more affordable,  bit at instance it best to take thing as easy as possible because on the long run,  what matters is the ability to resolve able to hold something tangible as out Bitcoin portfolio in the long run.

Let say in the next two to three years from now we should be in a better position where we already achieve what we thought we had missed,  and are in a good financial status through our Bitcoin holding,  and at that point, it becomes clear to us that Bitcoin is a lifetime journey and not some early birds only things,  because when it comes to Bitcoin investment,  what really matters is two things and that is.

1: the amount of capital you have to invest in Bitcoin

2: how much time you are ready to hold your investment and what you choose to do with your extra income while you waiting for that time to be achieved.
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December 29, 2023, 05:35:46 PM
 #129

Even though I agree with part of your overall point that the longer that anyone had been investing into bitcoin, then the more likely that the investment would have had ended up paying off.. which yes, could be considered as a form of patience and/or a form of deferred gratification.

At the same time, I think that it is not very realistic to be trying to make modern day comparisons to the situation that was available close to the time that bitcoin was just finding it's price, and even if we start from a later date, such as early 2012, when bitcoin was at $4 per BTC, it still might not be realistic to be considering those kinds of prices as realistic entry prices for any normal and regular people because they would have had to have been in some kind of niche group, and sure they might have been merely lucky in that regard, but probably the various developments in 2012 and 2013 did bring bitcoin more and more to the attention of more regular people.
Well, I reasoned it too maybe the way I placed it but in one way still linked to patience, Bitcoin was once a shit coin but at that shitty state there were some positive factors showing there would be a good outcome on like other shitty coins which pump and dumb in a short period of time after it's being launched(this  pumps are not even up to a $)

You might have the gist of an understanding that bitcoin differs from shitcoins, but bitcoin was never a shitcoin, so you likely do not really understand bitcoin sufficiently enough to even frame how come bitcoin has gone up from pennies (or having hardly any value and then into the 10s of thousands of dollars - its current price range.

I am not sure if it is worth it to go down this path very much, but if you think about bitcoin as having had been a paradigm shifting break through in regards to its solving the ability to create digital scarcity, then you might see that almost all of the shitcoins are merely trying to copy bitcoin or to create affinity scams or to engage in the printing of money, so bitcoin actually invented something innovative, and shitcoins are not really inventing anything innovative.. so if you are trying to consider bitcoin having a similar life as shitcoins, but bitcoin is only advantaged because it was earlier, then you are not really understanding bitcoin very well.. and yeah, a  lot of shitcoiners, bitcoin naysayers, no coiners and just unknowledgeable people (in regards to bitcoin) talk about bitcoin in those kinds of superficial and misleading kinds of ways.

You said developments in 2012 and 2013 did brought attention but who knows  there could be some future developments, some time patience could be a risk but once you are sure of what you are having patience on then, just have hope look forward to a positive effect.

I was just referring to the ongoing ways that bitcoin was continuing to grow and even to transition between the very earliest niche stages and to become more mainstream, but even if we might say that bitcoin became more mainstream in 2012 and 2013, bitcoin still is not very mainstream, and it may well be the case that less than 1% of the world's population owns any bitcoin, and even if some of them own it, they don't own any kind of substantial amount...and owning shitcoins does not count to owning bitcoin, even though some folks might end up coming to bitcoin after starting out with being involved in shitcoins.

A life example is everyone going to high-school, college, uni  with the view of getting a job we all trust the process but not all will make use of that certificate and not all will get rich from the Job. This might not really relate but in one way talking about taking the risk of going  to school because we expect a good outcome from it but we eventually taking what life throws at us.

You are still making comparisons that fail/refuse to appreciate the intensity of the significance of bitcoin's invention, that differentiates it from other projects.. Paradigm changing means that bitcoin has changed the world forever in regards to what it has brought to the world in terms of both solving the digital scarcity problem, but also building in quite a few innovative ways with proof of work and the difficulty adjustment and various kinds of incentives around both mining and holding the coin.

This doesn't mean anyone reading this should go out and start buying all sort of shitty coins Grin , I don't think there would be a coin like Bitcoin again even if there will be, by now we should have a contender at 10k, no one can predict  the future but it will be rare to find such .

Careful with being mislead by unit value.. because there are various shitcoins and tokens (and NFTs) that have had higher per unit pricing, and also be careful when comparing bitcoin's market cap to various shitcoins too.. sure there can be some value in making some of those comparisons, but they can also be misleading indicators in regards to what makes bitcoin valuable and how you might measure such value... sure price is one of them... but not the only way of measuring value.

All I'm saying  is have at least some little patience  Cheesy,  even  if you invest  now and you have no patience you might endup leaving at an unripe target point  fine! you made some profits but is it worth it Smiley

Of course, there are a lot of people who have gotten in and out of bitcoin and experienced dollar profits, but that frequently is not as valuable as experiencing various compounding effects that come from going through several doublings and then having more and more options.. and some times guys catch a wave too, so they get in and out, and I have my doubts in regards to the extent that there is much value in merely cashing out of fiat profits, even if some of them might also figure out ways to buy back most if not all of the coins that they sold.. and sometimes they even figure out how to buy back more coins than they sold.. . .. but selling to accumulate is probably not as sound of a practice as buying to accumulate... if your goal happens to be to accumulate BTC.. even if you measure the value of the BTC in terms of its fiat value (nothing wrong with that).

That is not a very fair and/or accurate characterization of the Lazlo pizza situation, even though a lot of people characterize Lazlo's pizza situation in that kind of inaccurate way.
Well I mad3 that as a joke not being serious about it though i thought of it too:

A lot of people make that same joke.  It is a pretty lame joke because it is not very accurate and it spreads the wrong ideas, even though it is the idea that you were trying to spin in order to tell a story about the value of patience... which is not a bad story to tell, but your whole approach to talking about patience in your last post was not a very realistic or even experientially based (which probably would have had been better to bring some story from your own life rather than mischaracterizing an historical event in a commonly mischaracterized way)..

---For him to have  10k Bitcoins  then he probably has more than that and having so much of it means he probably saw potential in it and knows there will be a future appreciation in the price. Although,  I never knew he was a minner until now , I even looked it as a way of gaining attention as on how Bitcoin could be used as a payment of goods.

It goes to show that you were making a pretty superficial point, even if there were some accuracies in it.. but I would still question how helpful it is to continue with the discussion of such point.

I feel a mixture of emotions when I look at my Bitcoin wallet. I feel lucky & happy that I was early enough to build a not unsubstantial stash. I feel glad that I was able to invest because the alternative places to store your wealth are not good. Maybe I feel slightly unsatisfied as even though I have a decent stash I should have more.
What you feel, I do too. Yes, even though someone has their own problems with financial limitations, and they want to add little by little, I think this person knows the future of this asset. I am happy or proud to be able to get to know this asset, compared to my own environment which doesn't know about investment, of course I have a different experience from these other people.

"of course I have a different experience from these other people"

Which is?  What is your different experience?  Pray tell.

From your mentioning of an aspiration for getting to 1 whole coin, that likely is becoming more and more unreachable by newbie bitcoiners, so each of us just need to attempt to create BTC accumulation targets that are reasonable for our own circumstances, so maybe we start out striving to get 1 million satoshis, and then after we reach that we might strive for 5 million, and then 10 million and then 21 million and then 50 million.. and gosh, if we end up getting to 50 million, then we have reached 0.5 BTC... so we do what we can, and it could still be possible to reach 1 BTC or multiple BTC, but likely not very possible or easy for normie no coiners who have not yet even started to take bitcoin accumulation seriously enough to figure out a plan to get started in their BTC accumulation journey as soon as possible.
Having to beat ourselves by trying to go beyond our reach in bitcoin accumulation due to the time and mistakes of the past is some how a bad approach and since I already know that fact,  I put every regret or missed chances of accumulating bitcoin when the price was more affordable,  bit at instance it best to take thing as easy as possible because on the long run,  what matters is the ability to resolve able to hold something tangible as out Bitcoin portfolio in the long run.

Let say in the next two to three years from now we should be in a better position where we already achieve what we thought we had missed,  

It can be very difficult to potentially chase the price up, so there can be a lot of mistakes along the way, but even my own tentative ideas about how many BTC I wanted to accumulate in a certain amount of time, and how much I had expected to pay for them, my own performance ended up substantially beating my expectations, even though I also made quite a few mistakes along the way.  

Yet, it seems to me that each of us is capable of making some projections (maybe using an Excel spreadsheet or maybe doing it on paper),and we can project out worse case scenario, best case scenario, base case scenario, and we can even project out various alternative outcomes, and surely one of the advantages of Excel spreadsheet is that we can end up copying./pasting or even saving various scenarios, but we can also set it up so that we can change some of the variables and then see how the future numbers play out...

I frequently will suggest planning around worse case scenarios, but still being able to see the various possible scenarios will also help us to figure out what kinds of probabilities we might assign to various scenarios, and that will help us to solidify what we believe is our base case scenario (which is the one that we might consider to have the highest likelihood of happening) but even if it is the scenario with the highest likelihood, that still does not mean that it will end up being the one that ends up happening... so the more that we play around with various kinds of these kinds of projections, the better we should become at outlining scenarios that are somewhat realistically aligned with our expectations and maybe even to cause our expectations to be more realistic.. because sometimes some of us might get too much caught upon the happening of some narrow set of events and maybe we learn through experiences of plotting things out that our own expectations are frequently skewed in a certain direction that we need to fix and to attempt to become more realistic in terms of how we project and then also how we might choose to prepare once we have outlined a variety of possible scenarios.

So another thing that I like to do is to end up exceeding expectations because I plan based on worser case scenarios, and almost inevitably things end up turning out better than expected...even though it may well end up being likely that the better case scenario had also been in the projection of possibilities, but it just was not relied upon... and there are needs to attempt to have some balance in all of this because preparing for outrageously up and outrageously down scenarios can also be helpful, even if they do not end up happening, but by going through a process of projecting out, there is a decent amount of financial and/or psychological preparation for all (any) of them.

and are in a good financial status through our Bitcoin holding,  and at that point, it becomes clear to us that Bitcoin is a lifetime journey and not some early birds only things,  

Through this forum (and even in my own journey) I have found a lot of members who have tailored their approaches to bitcoin to become much more solid based on going through various exercises to figure out their own situation as compared to their bitcoin holdings.  So there is some pleasure to see guys learning and adapting along the way.

because when it comes to Bitcoin investment,  what really matters is two things and that is.

1: the amount of capital you have to invest in Bitcoin

2: how much time you are ready to hold your investment and what you choose to do with your extra income while you waiting for that time to be achieved.

I have my doubts that there would be ONLY two factors or even if the two that you pointed out may well be amongst  important factors to consider, and at the same time, any of the factors can kind of be moving targets in which sometimes a bitcoin investor might have his shit together more in regards to one or more of the factors, but still the changing of one factor could affect other factors.  I personally like to consider 9 different factors, and some aspects of your two factors are included in my 9 factors.

......individual factors that influence your decision whether to invest into bitcoin and how to invest into bitcoin have financial, skills and psychological components that include:
1)   your cashflow,
2)   how much bitcoin you have already accumulated,
3)   your other investments (including cash reserves),
4)   your view of bitcoin as compared with other investments,
5)   your timeline,
6)   your risk tolerance,
7)   your time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage),
8 )   your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,
9)   your considering your time, your abilities and whether to trade, reallocate from time to time, to use of leverage and/or to use financial instruments... (and for sure the use of financial instruments, leverage and margin trading involve higher level skills and are not even necessary to still become richie in bitcoin's already existing asymmetric bet.)

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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December 29, 2023, 06:19:18 PM
 #130


Snipe

Okay I get it now,  I might have represent bitcoin as a shitcoin and made that joke  Wink. I'm  taking note of all correction ,I guess I'm learning alot from this! Can you tell me more about its early stage (BTC) just briefly I need it directly from someone who experienced it  because I'm part of the folks who's trying to migrate to BTC Smiley, I literally just getting to understand BTC after Joining this forum. I once invested in Stellar lumens [XLM],poor me Grin I knew nothing about crypto then.
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December 29, 2023, 06:33:04 PM
 #131

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.
That also happened to me and when I saw the first wallet I created it was very tempting because the volume of bitcoin value was quite extraordinary. But that's nothing because consciously we are also slowly increasing the number of bitcoin holdings and have now reached a much larger volume level.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
But unfortunately the volume we see may no longer be anything because previously the bitcoin ownership in the wallet had been sold. Now is the time to return to preparing investments regularly and perhaps as an effort to increase the amount of bitcoin ownership we have to more.

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December 29, 2023, 07:31:46 PM
 #132

Snipe
Okay I get it now,  I might have represent bitcoin as a shitcoin and made that joke  Wink. I'm  taking note of all correction ,I guess I'm learning alot from this! Can you tell me more about its early stage (BTC) just briefly I need it directly from someone who experienced it  because I'm part of the folks who's trying to migrate to BTC Smiley, I literally just getting to understand BTC after Joining this forum. I once invested in Stellar lumens [XLM],poor me Grin I knew nothing about crypto then.

I doubt that there is much that I can tell you, and there is all kinds of sources of bitcoin-related information to read and to listen to podcasts.  If your language is not English then maybe there are podcasts in your language... but yeah, it can take a while to figure out better and worse sources of information, and a lot of folks do end up getting lured into various shitcoins...and sometimes it can be difficult to sort through and to figure out the better sources of bitcoin-related information.

Likely if you spend time learning about bitcoin first, and then you will have a better framework for understanding the variations of shitcoins, to the extent that any of them might matter.  It is possible to get sucked into a lot shitcoin materials, and you might not even realize when you are learning about bitcoin from someone who may well be purposefully misleading you into wanting to invest into their shitcoins.

Maybe with bitcoin, if you just start to buy some amount that is reasonably within your budget, whether that is $100 per week or $10 per week of some other amount, and then just spend time learning about it, and then maybe as you are investing and learning you will be able to hone your own investment style in accordance with 9 factors that I consider to be helpful to any investor into bitcoin.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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December 29, 2023, 08:18:07 PM
 #133

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
Pretty much the same as you. I made my first bitcoin wallet at blockchain.info in 2013 (yes, that was 10 years ago). I thought at that day, ain't no way there is stuff like that when I was really young at that day. When I checked the wallet few months ago, I actually surprised with how much Bitcoin I left there before. Sure, I felt the sense of regret about that. But, it doesn't matter anyway I have learned something about this and time to move on.

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December 29, 2023, 10:14:08 PM
Merited by KiaKia (4), JayJuanGee (1)
 #134


I doubt that there is much that I can tell you, and there is all kinds of sources of bitcoin-related information to read and to listen to podcasts.  If your language is not English then maybe there are podcasts in your language... but yeah, it can take a while to figure out better and worse sources of information, and a lot of folks do end up getting lured into various shitcoins...and sometimes it can be difficult to sort through and to figure out the better sources of bitcoin-related information.

The English can be used because many people here are from various countries,since English consider as the global language the communication can be made in English.Actually the reason behind this was many countries was ruled by the British people before the end of the colonisation of longer period,this was hidden secret behind the globalisation of English around us.LoL


Likely if you spend time learning about bitcoin first, and then you will have a better framework for understanding the variations of shitcoins, to the extent that any of them might matter.  It is possible to get sucked into a lot shitcoin materials, and you might not even realize when you are learning about bitcoin from someone who may well be purposefully misleading you into wanting to invest into their shitcoins.


The bitcoin had their own importance over a period of time,but the same thing survive over a decade.Even though many new projects come in the cryptocurrency world,the bitcoin was considered to the god of the cryptocurrency.No one say the certain thing as god until it help them to earn some money by their influence into their lise.


Maybe with bitcoin, if you just start to buy some amount that is reasonably within your budget, whether that is $100 per week or $10 per week of some other amount, and then just spend time learning about it, and then maybe as you are investing and learning you will be able to hone your own investment style in accordance with 9 factors that I consider to be helpful to any investor into bitcoin.

The continuous buying like this will be the good for the longer period of time.So the trader will have the huge bitcoin after the year was ended.Now we are in the end of the year,So the current applying people like this will have their complete savings now.This bull run also gave them some additional dollars because of 42k dollars pump.

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December 29, 2023, 11:14:02 PM
 #135

I doubt that there is much that I can tell you, and there is all kinds of sources of bitcoin-related information to read and to listen to podcasts.  If your language is not English then maybe there are podcasts in your language... but yeah, it can take a while to figure out better and worse sources of information, and a lot of folks do end up getting lured into various shitcoins...and sometimes it can be difficult to sort through and to figure out the better sources of bitcoin-related information.
The English can be used because many people here are from various countries,since English consider as the global language the communication can be made in English.Actually the reason behind this was many countries was ruled by the British people before the end of the colonisation of longer period,this was hidden secret behind the globalisation of English around us.LoL

You may be correct that I should not be assuming that anyone might not have sufficient skills to follow various English-source materials, even if they are podcasts and presenting information in audio rather than a written format.  Of course, audio format is going to be more challenging for non-native speakers but there are also caption tools and also the ability to slow down the audio.

At some previous point, I had considered putting together a thread to list various bitcoin-related podcasts and to rate them, from my own perspective in terms of their bitcoin maximalism, which I consider to be a plus, and surely there are podcasts that both focus on bitcoin, but also denigrate shitcoins, and seem to come from the right perspective (at least in my way of seeing them, so if I did list the podcasts that I listen to, i would probably try some kind of a rating system) - even though others are free to make their own judgements. 

Likely if you spend time learning about bitcoin first, and then you will have a better framework for understanding the variations of shitcoins, to the extent that any of them might matter.  It is possible to get sucked into a lot shitcoin materials, and you might not even realize when you are learning about bitcoin from someone who may well be purposefully misleading you into wanting to invest into their shitcoins.
The bitcoin had their own importance over a period of time,but the same thing survive over a decade.Even though many new projects come in the cryptocurrency world,the bitcoin was considered to the god of the cryptocurrency.No one say the certain thing as god until it help them to earn some money by their influence into their lise.

Well yeah.  There is the money making angle, and there is also the first mover advantage angle, yet I think that my earlier response about bitcoin solving the digital scarcity matter really put it into an innovator invention category, and the various copy cat coins are not really adding anything that would be 10x or greater than bitcoin, and frequently they are inferior, but if they were to be better, they would need to be 10x better to displace the king, and many times any kind of innovations of other coins projects could well be absobed into bitcoin, whether on the 1st layer or maybe on some after layer.

Maybe with bitcoin, if you just start to buy some amount that is reasonably within your budget, whether that is $100 per week or $10 per week of some other amount, and then just spend time learning about it, and then maybe as you are investing and learning you will be able to hone your own investment style in accordance with 9 factors that I consider to be helpful to any investor into bitcoin.
The continuous buying like this will be the good for the longer period of time.So the trader will have the huge bitcoin after the year was ended.Now we are in the end of the year,So the current applying people like this will have their complete savings now.This bull run also gave them some additional dollars because of 42k dollars pump.

You seem to be giving too much value to the trading perspective and also the ability to make short term valuations of bitcoin and to see that your holdings are in profits.  Sure, there seem to be some advantages in terms of BTC holdings being in profits, yet if your BTC holdings are in profits, you may well end up getting deterred from accumulating more because it will raise your costs per BTC... so in that regard, any newbie might feel bad if the BTC price is going down while he is accumulating, but there is a certain advantage to being able to accumulate more and more and more bitcoin, and perhaps even way more than what could have had been accumulated when the BTC price is going up.

Each of us have differing situations, and if we are accumulating BTC for several years, if we do not have the ability to front load our investment, then it may well take us one or two full cycles to really accumulate meaningful amounts of BTC, and that may also depend on how much extra cash flow that we have.

I doubt that trading helps anyone out in terms of their being able to accumulate more BTC in a faster way rather than just focusing on various ways to ongoingly buy BTC, and maybe even figuring out ways to increase income and/or cut expenses in order to have more discretionary income that is capable of being used to buy bitcoin consistently, persistently, ongoingly and maybe even aggressively.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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December 29, 2023, 11:35:49 PM
 #136

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

i don't really understand what your topic means, but when i look at the nominal amount of Bitcoin i have get so far, i feel quite proud, i invested some smoothly and didn't sell it, but i sold some out of necessity (i feel a little regretful though), You can't possibly continue to hold the Bitcoin you have in your personal wallet, even those who invest long term in Bitcoin have a target date for when they will sell, in essence if you want to be a long term investor in Bitcoin, you must have a main job that can provide you with stable money so you can keep all the bitcoins you get, whether from paid bitcoin campaigns or from your purchases.

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December 29, 2023, 11:54:32 PM
Last edit: December 30, 2023, 05:10:16 PM by JayJuanGee
 #137

..... even those who invest long term in Bitcoin have a target date for when they will sell,.....

That is not true.

For sure there are some longer-term bitcoiners who plan their portfolio management around dates, and there are others who plan their BTC portfolio management around prices. Still, there are even others who plan to never sell, and so maybe they are planning to either kick the can down the road, or wait until maybe some life circumstances might cause them to sell or maybe they are planning to pass their coins through inheritance or some other ways (and even the ones who are planning to die with their coins.. so maybe not as uncommon as you might presume it to be).

No matter if they plan around dates, prices or some other criteria, they may well be merely considering selling fractions of their bitcoin holdings at any particular time (or maybe triggered based on certain events) or maybe in accordance with their selling criteria - as if they might be considering holding BTC to be a kind of insurance that they may or many not have to use during their lifetime - and so they might not get into a circumstance of needing to sell, and even if they might chose to sell some of their bitcoin, they don't necessarily decide to sell large portions or even all of their BTC holdings based on either time, price or one of their other triggering events.

Sure there are some longer-term bitcoiners who have specific timelines in mind.. but just because some of the longer term bitcoiners have timelines in mind, that does not mean that all longer term bitcoiners plan in the same kinds of ways  or that it is even necessary to plan to sell large amounts of their BTC or even to sell all of their BTC at any given time, absent some extreme circumstances such as knowing that they might be dying soon or some other emergency that might trigger a selling of all of the BTC rather than some of the BTC.

Even though surely I have no problem with ideas of planning to sell small or even significantly large parts of our BTC holdings that could be time-based and/or price based.. which I cover both of those kinds of withdrawal ideas in my sustainable withdrawal thread... and neither of the time-based or price-based withdrawal systems that I outline (by default) include much if any intention to sell large portions of a person's BTC stash within any particular timeline, even though optionally those who tailor these particular systems to their own preferences could tailor their own plans in such a way to sell large portions of their BTC - even though I had been personally trying to present the ideas in terms of sustainable withdrawal.

Even if someone were to tailor some of my ideas and presumptions of sustainable withdrawal and to engage in non-sustainable withdrawal of most if not all of their BTC rather than selling in sustainable chunks.. they have the rights to use the ideas and to deviate from those kinds of sustainable withdraw (of BTC) ideas that I am trying to promote and emphasize in my sustainable withdrawal thread..

Edited: added a few ideas to expand beyond time and price based selling.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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December 30, 2023, 02:53:25 PM
 #138

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.


Of course, at first, if I experienced having Bitcoin, I was happy, but later it became normal, especially if you save it little by little and eventually see that your savings are growing.

So right now, since my Bitcoin holdings are small, I just leave them in my wallet. Even if little by little, I am able to somehow save up because of the high transaction fee in its bitcoin network. So maybe that's good, so I can hold Bitcoin too.



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January 04, 2024, 11:16:29 PM
 #139

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

Same as you, I still use my first ever bitcoin wallet, and I see my transactions in the past. I would say that I should save more or don't use those bitcoins or satoshis. I should do more holdings than use them for my own good, because I'm aware that yes, I invest in bitcoin, but as long as I earn from my holdings, I convert them right away with the excitement that I could buy the things that I need and want. In the past, I lacked future sight or planning for the future. That's why I focus on earning and spending, which I regret that I do.

So now I do more investing than spending the profit that I get from investing in bitcoin, and I have more holdings now than before. The history of my transactions will be my motivation to do better and think wisely before spending my assets.

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January 05, 2024, 01:45:01 AM
 #140

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.
Pretty sure I also have a significant amount of Bitcoin that passed through my wallet as i'm not a fan of holding before, when I was just starting. Everytime I buy, it doesn't take too long for me to sell my Bitcoin. It's just come and go (as I never expected this is something that I will regret later on) until I learned the importance of holding. Well, as others have said already, even many of us have similar experience, it's not yet late to buy Bitcoin and hold. There's no such thing as too late if your plan is to hold for long period. Thus, timing when to buy and be firm to hold because it is proven as an effective strategy to profit in Bitcoin. But one should have a long patience.

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January 05, 2024, 01:59:14 AM
 #141

Pretty sure I also have a significant amount of Bitcoin that passed through my wallet as i'm not a fan of holding before, when I was just starting. Everytime I buy, it doesn't take too long for me to sell my Bitcoin. It's just come and go (as I never expected this is something that I will regret later on) until I learned the importance of holding. Well, as others have said already, even many of us have similar experience, it's not yet late to buy Bitcoin and hold. There's no such thing as too late if your plan is to hold for long period. Thus, timing when to buy and be firm to hold because it is proven as an effective strategy to profit in Bitcoin. But one should have a long patience.
That's the influence of our inexperience. I also experienced it. especially when we hold Bitcoin when the market is rising. it quite easily influences us to sell and wait for a dip to buy again.
There is nothing wrong with this method, but when the price of Bitcoin reaches this point, you are right, all that remains is regret for not holding Bitcoin for greater profits. instead of being persuaded to sell at a small profit.
Now I also still collect Bitcoin when the price declines like a few moments ago. The market has been moving quite fluctuating lately. and we have to make the right decision to buy.

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January 05, 2024, 02:59:18 AM
 #142

My journey into Bitcoin was entire due to the need to send payment across borders as there was FX and several other restrictions in my country. So, I joined Bitcoin just to use it for cross-border payment without knowing it could actually be a way of creating wealth in the future.

Just recently, I was tempted to check my first ever Bitcoin wallet to see what I have done in the past. I was so depressed seeing the volume of Bitcoin that have passed through my wallet without me saving a reasonable portion of it.

I have the feeling that many forum users too have similar experience; do kindly share just maybe I can feel a little better knowing that I'm not a lone.

I do not feel depressed when I look at my first ever bitcoin wallet. I feel happy and grateful that I had the opportunity when I did many years ago to come across bitcoin just when my friends where participating all sorts of Ponzi Schemes. I feel grateful for growth because since then I have migrated that wallet to a software wallet and the knowledge I got from this forum made it very possible for that to have happened. My first ever wallet has a lot of transactions. No one should be depressed or unhappy about the history of their first bitcoin wallet. Without it there would be on OP. 

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January 05, 2024, 03:06:38 AM
 #143

Same as you, I still use my first ever bitcoin wallet, and I see my transactions in the past. I would say that I should save more or don't use those bitcoins or satoshis. I should do more holdings than use them for my own good, because I'm aware that yes, I invest in bitcoin, but as long as I earn from my holdings, I convert them right away with the excitement that I could buy the things that I need and want. In the past, I lacked future sight or planning for the future. That's why I focus on earning and spending, which I regret that I do.

So now I do more investing than spending the profit that I get from investing in bitcoin, and I have more holdings now than before. The history of my transactions will be my motivation to do better and think wisely before spending my assets.
That was me a 3 or 4 years ago, was always so busy about thinking of what could've happened and what could've I done differently with those bitcoin transactions that I've done in the past but I've learned to be better, better not to worry about that stuff anymore because it's already gone, it's not a benefit to me to think of it anymore. I just became a better person and learned how to spend that bitcoin wisely and currently, I'm still hodling because of that, I'm happy hodling a large amount of satoshis already so it's a good thing that I continue to learn something new. I also do more investing much more than ever and I think that it's going to be that way for a long time and I know that I'm going to increase my investment as my career also progresses.



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Rainbot
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