How I heard about Bitcoin and my experience on it

[pawanjain]

I heard about Bitcoin from a friend in the year 2013 when I just got admitted to college. I took  little interest in it, but I was unwilling to purchase it with my funds because it was not very popular then and I lacked much business mindset. I even got more discouraged owing to the fact that many ponzi schemes were present and I couldn't differentiate the bad from the good. To be honest, I  saw it as a liability, instead of an asset that it was. I later reluctantly purchased $230 worth of Bitcoin around May 2014 after much persuasion from my friend and seeing that the price was fast rising. The fall of 2015 shook me to my bones and I lost hope again because I lost so much funds. Depressed at the loss I've incurred and without much knowledge on HODLing my coins and the possibility of it experiencing an upward trend, I sold off all my coins, hated anything concerning crypto and swore never to get involved again. The bull run of 2019 -2020 happened under my watch, but I still kept my grudge which had then developed into fear that I will still loose my funds again. I have friends whom gained from the trend and became really wealthy while I was locked up in my pessimistic mindset. As I was introduced to this forum, I was able to see that Bitcoin held much more prospects then I ever thought and would ever believe. My convinctions are now positive and I'll be investing again. I wouldn't want to be left out for the third time. Bitcoin here I come!!!.

I know how it feels because I have experienced the same once. By once I mean I bought and sold bitcoin once but when I saw it recover I started accumulating.
The only mistake I did was to keep accumulating and selling during ATH and taking profits. I could have got some nice profits but we never know the future.
I am still holding and won't sell any of it before the next ATH. Taking profits is a skill and I am bad at it but it eventually turned out be a boon because the price grew so much in last few years.

[1714790548]

1714790548

[HONDACD125]

I heard about Bitcoin from a friend in the year 2013 when I just got admitted to college. I took  little interest in it, but I was unwilling to purchase it with my funds because it was not very popular then and I lacked much business mindset. I even got more discouraged owing to the fact that many ponzi schemes were present and I couldn't differentiate the bad from the good. To be honest, I  saw it as a liability, instead of an asset that it was. I later reluctantly purchased $230 worth of Bitcoin around May 2014 after much persuasion from my friend and seeing that the price was fast rising. The fall of 2015 shook me to my bones and I lost hope again because I lost so much funds. Depressed at the loss I've incurred and without much knowledge on HODLing my coins and the possibility of it experiencing an upward trend, I sold off all my coins, hated anything concerning crypto and swore never to get involved again. The bull run of 2019 -2020 happened under my watch, but I still kept my grudge which had then developed into fear that I will still loose my funds again. I have friends whom gained from the trend and became really wealthy while I was locked up in my pessimistic mindset. As I was introduced to this forum, I was able to see that Bitcoin held much more prospects then I ever thought and would ever believe. My convinctions are now positive and I'll be investing again. I wouldn't want to be left out for the third time. Bitcoin here I come!!!.

Unless something is popular with the masses, most people are not interested in it. Such schemes can be invested either by those who have more capital, or by those who take risk for profit in any scheme. You heard about Bitcoin at the right time, but because of your disinterest and lack of entrepreneurial mindset, you missed a great opportunity.

After buying in 2014, if you had held on instead of selling at a loss, you would have made a huge profit later on, because prices in the crypto currency market continue to fluctuate, Bitcoin is the only crypto currency that should never be sold at a loss. It is still good that your mind is positive about Bitcoin and you want to invest in Bitcoin again. Bitcoin price is in a very good position at present, and surely investing in Bitcoin here can give you a good profit in the coming bull season.

[Agbamoni]

I understand the pain of losing such an amount in bitcoin in 2014, the $230 which is about 0.47BTC was a good amount of investment in Bitcoin then. Which would be around $12892.15 and in the current price now. If only you had enough patience or you had gotten some knowledge about Bitcoin investment, you would have been wealthier than your friends who knows.

But let me get something straight here. If your intention on getting back on bitcoin and joining this forum was because of how your friends' got wealthy, then you're getting it all wrong. You should have the mindset of getting to know what they know in Bitcoin and how they were able to strategies before they started profiting in Bitcoin. I bet you never asked them how they did it! You still have a lot to know buddy and I believe you will surely learn. Don't just let the get rich quick syndrome get into you unless you want to lose more if you invest without learning about Bitcoin. Focus more to learn and grow. Welcome to the forum buddy!

[nakamura12]

Some people got the same trauma too but nevertheless able to conquer their fear of missing out. If only I was able to be knowledgeable during that time like yours, I would definitely kick off some time to keep it or become more aggressive than usual. Well its not always comes to that but we can always change that and believe once again. Anyway I like your conviction mate, keep it up. In bitcoin we trust!

Well, there are times like that where we could have made it but didn't for some reason. Although, some things are not meant to be or meant to happen as we expected or didn't expected. I can relate the same as you when the price of Bitcoin reached its new all time high but didn't have any BTC at all because I needed money for important reason like daily needs and for emergencies. If I didn't experienced it before then I would have save my bitcoin on that day.

[barisbilgili]

Some people got the same trauma too but nevertheless able to conquer their fear of missing out. If only I was able to be knowledgeable during that time like yours, I would definitely kick off some time to keep it or become more aggressive than usual. Well its not always comes to that but we can always change that and believe once again. Anyway I like your conviction mate, keep it up. In bitcoin we trust!

Well, there are times like that where we could have made it but didn't for some reason. Although, some things are not meant to be or meant to happen as we expected or didn't expected. I can relate the same as you when the price of Bitcoin reached its new all time high but didn't have any BTC at all because I needed money for important reason like daily needs and for emergencies. If I didn't experienced it before then I would have save my bitcoin on that day.

In investing, of course we have experienced things that we never expected, of course this will make us choose to sell it even though the price at that time is not high, but in my opinion it would be better for us to invest, we have to leave money for our needs and needs that we cannot afford. we think because if we invest all the money we have, this will make it difficult if we have needs that we cannot foresee. I have also felt this way, but now I will improve my strategy in investing.

[michellee]

In investing, of course we have experienced things that we never expected, of course this will make us choose to sell it even though the price at that time is not high, but in my opinion it would be better for us to invest, we have to leave money for our needs and needs that we cannot afford. we think because if we invest all the money we have, this will make it difficult if we have needs that we cannot foresee. I have also felt this way, but now I will improve my strategy in investing.

Before investing, we should allocate funds for each need so that they do not interfere. We can calculate how many needs we must fulfill in a month and how much money we still have. That way, we will know how much money we can use to invest.

In investing, it is very important to know how much money we can afford so that we will not take money for other needs. And don't forget to make budget allocations for urgent matters so everything can run well. Most people don't have a plan for investing so they are confused about what needs they need to fulfill.

And @OP should have learned from his previous experience so that he can return to investing in Bitcoin better this time. He must decide how much money to invest and how long to run the investment. Don't panic and worry if the market has not fully recovered but continue with your investment plan. Later there will be a time for Bitcoin to gain a high increase and at that time, he will be able to get big profits.

[Mayor of ogba]

I heard about Bitcoin from a friend in the year 2013 when I just got admitted to college. I took little interest in it, but I was unwilling to purchase it with my funds because it was not very popular then and I lacked much business mindset. I even got more discouraged because many ponzi schemes were present and I couldn't differentiate the bad from the good. To be honest, I  saw it as a liability, instead of an asset that it was. I later reluctantly purchased $230 worth of Bitcoin around May 2014 after much persuasion from my friend and seeing that the price was fast rising. The fall of 2015 shook me to my bones and I lost hope again because I lost so much funds. Depressed at the loss I've incurred and without much knowledge of HODLing my coins and the possibility of it experiencing an upward trend, I sold off all my coins, hated anything concerning crypto, and swore never to get involved again. The bull run of 2019 -2020 happened under my watch, but I still kept my grudge which had then developed into fear that I would still lose my funds again. I have friends who gained from the trend and became wealthy while I was locked up in my pessimistic mindset. As I was introduced to this forum, I was able to see that Bitcoin held many more aspects than I ever thought and would ever believe. My convictions are now positive and I'll be investing again. I wouldn't want to be left out for the third time. Bitcoin here I come!!!.

Op, don't be angry because you missed a chance of becoming rich with Bitcoin investment in 2014, at that time you were not ready, and you didn't have any knowledge of Bitcoin you only bought Bitcoin because your friend asked you to do so. Lack of Bitcoin knowledge and understanding made you sell your Bitcoin at a lost

Now that you are back to Bitcoin make sure to get a clear understanding of Bitcoin so that you will not sell it again when there is a price drop in Bitcoin. This time of the year is one of the best opportunities to accumulate Bitcoin because Bitcoin price is low and Bitcoin halving is also near. I will suggest you use the DCA strategy to accumulate your Bitcoin so that you can be able to control the volatile nature of Bitcoin when there is a price drop in Bitcoin. Just know that you are not late in joining Bitcoin now.