Bitcoin can change lives

[cryptomaniac_xxx]

Keeping records and history is a very important aspect in the crypto industry, as it helps us know the the event that took place in the past.

So many people, when you suggest investment in the crypto industry, they will tend to make excuses of market volatility and coin performance in 365 days without even doing there own research, what about some years back?

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

I hope that this open the eyes of most newbie's the potential of Bitcoin, if you are already in the Bitcoin market just be happy because this market have a lot more to offer,

The most simple but effective way I use to navigate my way in the market is the DCA method I use, accormulate as much Bitcoin as possible because the bull run will definitely change the history of your finances if you position your self right and wait patiently for the bull run to come .

That was very different era though, I mean bitcoin was just on it's infancy and so the price is just less than a dollar, we don't know what the future brings that time. So there could be investors who buy a lot of bitcoins and then totally forget about it and then later they have a stash and try to recover. Some of them might be successful, but I guess the majority is not.

DCA is a good strategy, but you have to be mentally tough as well. Because it's a hard and grind approach, every week or every month you have to put aside money. And you might be tempted to see the price growing and think that it's better to sell and take that profit. So it's not that easy to DCA, but its very effective if you have gotten over the phase of not selling even if the price is going up, maybe except when we are the bull run.

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[legendbtc]

Keeping records and history is a very important aspect in the crypto industry, as it helps us know the the event that took place in the past.

So many people, when you suggest investment in the crypto industry, they will tend to make excuses of market volatility and coin performance in 365 days without even doing there own research, what about some years back?

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

I hope that this open the eyes of most newbie's the potential of Bitcoin, if you are already in the Bitcoin market just be happy because this market have a lot more to offer,

The most simple but effective way I use to navigate my way in the market is the DCA method I use, accormulate as much Bitcoin as possible because the bull run will definitely change the history of your finances if you position your self right and wait patiently for the bull run to come .

Your life is yours to decide, bitcoin or any other asset will not decide for you. It is just one of many other tools you can use to change your life. Don't abuse or rely on it just because it has a history of millions of percent growth and has made many people rich through early investments. Bitcoin has potential but also has unpredictable risks, so invest in bitcoin with a clear head, don't be too ignorant or blind and have the illusion that it will be able to change your life. You are the only one who can change your life, don't entrust it to anyone.

[Lorence.xD]

Bitcoin could literally change life of a person, but only if the person doesn't have the knowledge and experience, of course that potential and benefits would be useless. Plus people could be wealthy in many ways not only to Bitcoin, it can't changed someone's life without the person's action and initiative. It would still depends on their mindset cause you know Bitcoin's benefits still you choose to laze around and go with the flow. But I don't argue with that, cause some people are really knowledgeable in many ways so they might have other options which they think is much suitable for them. For example building a business, investing into Bitcoin and crypto industry might be complicated, but other investment is complicated as well that could give you the wealth everyone's goal.

[Davidvictorson]

The most simple but effective way I use to navigate my way in the market is the DCA method I use, accormulate as much Bitcoin as possible because the bull run will definitely change the history of your finances if you position your self right and wait patiently for the bull run to come .

The majority of bitcoiners use the DCA strategy. It has been extensively discussed and it is one of the most effective, convenient, and stress-free ways of accumulating bitcoin. There are others though. In the first quarter those who used this strategy effectively will have their bitcoin assets double.

So you mean if I invest $1000 in Bitcoin right now, in the next thirteen years Bitcoin price will reach $135,000,000 or 5,000x times higher?

This kind convincing strategy is really bullshit, if people want to change their life, they need to learn a high paying skill instead of investing small amount of money and hoping the investment will increase really really high.

He obviously got his math wrong. Forgive him. The point he is trying to make is that anyone who invests in bitcoin will have their investment double or triple in many years to come. That is the idea.

[Franctoshi]

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

Stop it with threads about "how BTC changes lives", "how BTC makes your life bright", and all the other nonsense, i think in this section we ought to be dicussing more about BTC in itself as a censorship resistant and permissionless currency, not how it would make you wealthy in 2140.

Sometimes I wonder how people only view investment in Bitcoin as a way to get rich without looking at other benefits that it comes with, Yes the possibility for Bitcoin to increase in price over time is there, But thinking that the price will perform what it did from 2010 when it was traded around 0.2 cents dowqn here at price of $27k and making investment base on that and hoping that Bitcoin will do same in the price in future, such mindset need to be changed because BTC may not attain such performance in again.

[kryptqnick]

Bitcoin has changed a lot of lives, and it has grown immensely. But not all change was positive. Some people invested in Bitcoin but locked themselves out of their wallets by accident; some held their BTC on centralized platforms that performed exit scams; but sold at a low price during bear markets.
Bitcoin isn't a guarantee that things will be great, and some simply think that it's too late to join the ride, as Bitcoin has already grown so much in the past and must be reaching the peak of its potential.

[Faisal2202]

Keeping records and history is a very important aspect in the crypto industry, as it helps us know the the event that took place in the past.

So many people, when you suggest investment in the crypto industry, they will tend to make excuses of market volatility and coin performance in 365 days without even doing there own research, what about some years back?
..........................

The most simple but effective way I use to navigate my way in the market is the DCA method I use, accormulate as much Bitcoin as possible because the bull run will definitely change the history of your finances if you position your self right and wait patiently for the bull run to come .

When someone talks about how much money they would have made if they had bought BTC back in 2010 or 2012. Only one thing came to my mind --> Don't rub salt in the wounds    Because sometimes I also have such thoughts about how and in what circumstances I would be aware of BTC. For example, few days ago I was watching this video --> https://www.youtube.com/watch?v=ejiqbzqmxSE which was uploaded 12 years ago. And I wished that, I would have watched this video back in 2011.

But at that time, there was no internet in my area, I was not aware of the internet and the new technologies going on in the world, even though I was around 13 years old at that time, I did not use a smartphone till I was around 16 years old. But I wished, if my elders would have used the internet and they would have seen this video and bought BTC then we might be rich. But as a religious person, our Islam tells us to not regret things that we did not get because there is a reason behind everything.

Now coming to the DCA strategy, I also liked this strategy, because I got my Signature payment every week and that works as my consistent investing in BTC on a weekly basis and For the past 3 months not a single week has passed in which I did not did DCA. And I am very glad that I am on this path and pray to Allah that he will bring sucess out of it.

[Jawhead999]

Even you bought Bitcoin at $0.2 at that time, I'm sure you will sell it when the price reach to $1 because you think it's already 5x times from your capital, you've make some good amount profit. No one can believe at that time $0.2 will become $27K right now, that's why I'm not regret for not buy Bitcoin when the price is still less than a dollar. So if you think Bitcoin can do impossible thing in the future, you can stat to accumulating Bitcoin from now.

[abel1337]

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

The question is: would you be holding those coins until now or would you have sold it a long time ago, once you made some profit. Take note that so many people also lost their keys, were careless or were hacked, some of you just talk about investing and making money, like it is so uncomplicated, there are so many things that could also go wrong.

Stop it with threads about "how BTC changes lives", "how BTC makes your life bright", and all the other nonsense, i think in this section we ought to be dicussing more about BTC in itself as a censorship resistant and permissionless currency, not how it would make you wealthy in 2140.

I myself had sold it long time ago, being blinded with the small profit I made from those bitcoin I had, I made a really bad mistake. It's easy to say that "if I hold it until now" where we can't really predict that we are on this price point right now. If I know that bitcoin will appreciate up to it's current all time high, I would probably not sell it despite of the profit that I got before but yeah, it's something that a lot of us missed which is failing to realize what kind of feat does bitcoin can achieve. Move on and leave the regrets, it's the lesson I've learned from the years of being in the cryptocurrency space. For sure there are other opportunity out there.

[SOKO-DEKE]

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

I hope that this open the eyes of most newbie's the potential of Bitcoin, if you are already in the Bitcoin market just be happy because this market have a lot more to offer

Yes, your words are undeniable in saying that Bitcoin has not changed some people's lives. If truly they are people that purchased bitcoin at the amount of 0.2, as you said, and they did not sell at an early time, they will definitely make great profits, but still, it is for the set of people that purchased many amounts of bitcoin. There were some people who had the opportunity to purchase Bitcoin at a low price, but seriously, they sold it before the price went very high, so even if I were opportune at that time when the price of Bitcoin was low and I was able to buy it at 0.2 price, I would have sold it before even the price hit 100$. Holding Bitcoin for a very long period of time is not easy, but if someone can try that, I believe they will definitely make a good profit from their Bitcoin investment.

[Shishir99]

When I started using Bitcoin for the first time, I did not think about investing in it. Normally I started using it to pay someone. I did not really understand why itss price fluctuated so much. Slowly I was using it and saw sometimes it goes up and sometimes down. I didn't even know when I understood how the market price changes. But now I know for sure.

My life kinda changed because I made my pocket money out of Bitcoin. I won't say it's a significant change. It's not possible to change the living significantly without investing enough.

[BlockchainWizard]

I also think that this comparison is flawed. Very few people will still own BTC today if they bought it in 2010. In retrospect, I can even imagine that the MtGox hack ended positively for some. Otherwise, some would have sold their BTC long ago.

No one can answer whether the rally will be repeated in the future, only time will tell.

[ChiBitCTy]

For me bitcoin can change lives in ways that have NOTHING to do with "profits" or "gains", to me it's all about what bitcoin represents which is a level of freedom that we've never seen before.  It represents a new money system that takes away the tyranny of traditional fiat that our government "overlords" have placed upon us.

This is how bitcoin has changed my life, not profits.

[ZAINmalik75]

Even you bought Bitcoin at $0.2 at that time, I'm sure you will sell it when the price reach to $1 because you think it's already 5x times from your capital, you've make some good amount profit. No one can believe at that time $0.2 will become $27K right now, that's why I'm not regret for not buy Bitcoin when the price is still less than a dollar. So if you think Bitcoin can do impossible thing in the future, you can stat to accumulating Bitcoin from now.

You are right, because even those who have bought the BTC at an early price do not mean they must be rich by now and will not be played by the market emotions and will not sell their BTC. I was reading a post here on BTT that a whale sold his 30k BTC after falling into the hands of FUDs spread by some group or people back in 2015, and that led or made that whale sell his 30k BTC.

I mean, even if he had bought that much BTC, he must be the one from thousands who have gotten this golden opportunity but sold those BTC at a total worth of 9 million, which for him is a decent profit. And for another second thought, who knows whether he sold those BTC in FUD or whatever?

Those who have accumulated BTC either by DCAing or by Lump Sum back in 2010 and were able to save them till 2023 are the real heroes, and till now, they must be out of every doubt about risking their funds by keeping them in the form of BTC. Because now they must have seen the real potential of BTC and where it can take them.

[Agbe]

Op when I see your topic, O said I must come and correct the word "can". As a user of the coin and as a beneficiary of the technology, bitcoin has changed lives and not can change, it has already changing lives and it is producing millionaires and Billionaires every bull run. I noticed bitcoin in the year 2015 in a seminar and I was like what is this all about, though I opened a wallet but the way the instructor taught us was not clear enough so after the seminar I forgot everything. But still having small knowledge about it, and I also wanted to buy from one the participants buy the guy refused so I abandoned the whole idea if joining bitcoin. And this I have already said I'm my first experience on bitcoin. If I did  buy it at that time by now I would have been a millionaire from the technology.

[Mpamaegbu]

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

I'm cocksure that so many here now who regret why they didn't know about Bitcoin during that era you've described, claiming they would've bought in then if they were around, would still have not bought. Even now if price dipped so much, many people would be very scared to buy in. You see, we only tend to be wiser on hindsight. The decisions we take that will turn sore in future would seem right while we're taking them. That's how life is. Even those who bought Bitcoin then didn't know it would get this big today. If they knew, those who sold when Bitcoin crossed $100 in 2013 and celebrated it like it was the 8th wonder of the world wouldn't have sold off. It's the same way we're celebrating the current ATH of $68k+ now, wait when price gets way over $200k and it would look like we wasted our time shouting in jubilation now.

[Youngkhngdiddy]

I'm cocksure that so many here now who regret why they didn't know about Bitcoin during that era you've described, claiming they would've bought in then if they were around, would still have not bought. Even now if price dipped so much, many people would be very scared to buy in. You see, we only tend to be wiser on hindsight. The decisions we take that will turn sore in future would seem right while we're taking them. That's how life is. Even those who bought Bitcoin then didn't know it would get this big today. If they knew, those who sold when Bitcoin crossed $100 in 2013 and celebrated it like it was the 8th wonder of the world wouldn't have sold off. It's the same way we're celebrating the current ATH of $68k+ now, wait when price gets way over $200k and it would look like we wasted our time shouting in jubilation now.

 Yes it is true Bitcoin made a lot of impact in people life when it’s got it high time all, same way it also cost a lot to to some that were not wise enough to know when to step in. Those that invested saw the twist Bitcoin bring, it changed a lot of people and companies into becoming millionaires. So yeah Bitcoin can change one’s life and it will continue to change lives, it not too late to invest still on Bitcoin, very soon Bitcoin will be mainstream and when it does, we are looking at seeing a new all time high maybe over $150k. Anyone who doesn’t see this as an opportunity to improve their standard of living is just ignorant of the truth.
  There’s so much golden opportunity in the crypto space and it’s is time to join the moving train, if it happened before then it can happen again, if the power holding countries like the U.S and Russia support the use of Bitcoin in every institution this will give it more credibility. And this is going to be the case very soon. Bitcoin is here to stay, I don’t see bitcoin leaving anytime soon or never. The world is fast evolving and bitcoin is a technology that can see that it all happen.

[batang_bitcoin]

I'd just say to those people how I have experienced good things about Bitcoin but, it may or may not happen to them for some instances.
1. The price of Bitcoin really differs and many can't afford it at any rate.
2. The difference of Bitcoin's price from my experience and also to the person that I am saying could be encouraging but in reality, disappointing.
3. It all ends up with the same thoughts about regretting in the past, present and future. Most people are saying the same thing about not buying early.

[Z-tight]

I myself had sold it long time ago, being blinded with the small profit I made from those bitcoin I had, I made a really bad mistake. It's easy to say that "if I hold it until now" where we can't really predict that we are on this price point right now.

In hindsight, you can now call it is a bad mistake, but when you were selling then i'm sure you were happy with the profit you made, that is why i think people shouldn't be sad that they sold their BTC, as long as you were happy with the decision then, you shouldn't be sad now in hindsight.

In retrospect, I can even imagine that the MtGox hack ended positively for some. Otherwise, some would have sold their BTC long ago.

You can't say that yet until they have been refunded, take note too that they are not going to be refunded 100% of what they lost.

[Josefjix]

For me bitcoin can change lives in ways that have NOTHING to do with "profits" or "gains", to me it's all about what bitcoin represents which is a level of freedom that we've never seen before.  It represents a new money system that takes away the tyranny of traditional fiat that our government "overlords" have placed upon us.

This is how bitcoin has changed my life, not profits.

Bitcoin is a life changer, it have changed my life positively and also counting enormous profits generated from investing in bitcoin. Sometimes I looked back and I'm grateful about the system and always happy about my decision weigh back. Bitcoin is hugh positive influence on the minds of traders and investors. Sitting comfortably at home and making gigantic profits, comparable to those working class individuals who go to work daily for the purpose to sort out their bills. All we need is having our personal laptop and key into crucial knowledge of cryptocurrency.