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Author Topic: How I almost become a millionaire  (Read 622 times)
Distinctin
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April 12, 2024, 10:29:31 PM
 #61

There is no problem with making mistakes, after all as they say "to err is human". The problem is when people don't learn from their mistakes. In early years it was easy to believe the propaganda and FUD about Bitcoin because it was small and too early with little adoption to know any better. But from early years till today a lot of things have changed and so should have the opinion of those who fell for the FUD.

So the only thing that you  didn't mention here is whether you learned from your mistake or not...
I surely think he learned from that but that won’t matter anymore, the real question is if he has the courage now to invest in bitcoin? Because if he hasn’t still, that’s good to say that he fail to internalize his realization with bitcoin. And he will forever carry that kind of regret.

I have also this in my mind. Even if you did invest in bitcoin years ago, but you are more than greedy and just purely focused on profits, I would say you won’t still turn into a millionaire. It takes a lot of patience and determination so you can succeed in long term hodling.

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April 12, 2024, 10:52:46 PM
 #62

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.

You are not alone Bitcoin is a new technology in those times and many people have a hard time understanding how Bitcoin works we all know, that if one thing is new to us we don't adapt or support it right away, there is still a chance as you are not late, accumulation is the key for you to reach your goal and it not only Bitcoin, there are other coins with good potential in the market.
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April 13, 2024, 06:38:38 PM
 #63

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Your friend did not become a millionaire only by investing, he was able to maintain discipline not to sell quickly and not to spend his investment, he also practiced proper security techniques to keep his investments safe.
@OP instead of you regretting what you would have become, you can actually start making better choices so you become that millionaire you would have become some years ago if you had made better choices. Quit regretting and start investing diligently in bitcoins.

R


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April 13, 2024, 07:03:15 PM
 #64

In early years it was easy to believe the propaganda and FUD about Bitcoin because it was small and too early with little adoption to know any better. But from early years till today a lot of things have changed and so should have the opinion of those who fell for the FUD.
I think this sums all these stories up perfectly. Before 2017, if you weren't a very technical person and weren't very willing to sit down and educate yourself, chances are you wouldn't trust Bitcoin. But, I think the year 2017 was crucial. The block size war was the game changer, because it was one of the final things left to be tested in a network of that kind; surviving a community war. People disagreed on a fundamental level on how the network should operate, but the network survived even then.

As an icing on the cake, 2020 was just the next best year to get into it. The network was much more mature, however underpriced. The risk reward ratio in 2020 was perhaps the best, if I had to choose. Maybe the second best is now, fingers crossed.

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BABY SHOES
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April 13, 2024, 07:18:59 PM
 #65

Is 2010 the price of bitcoin still below $1 do you still remember.
But that's how people used to never believe in bitcoin because its low value continues to have no benefits whatsoever, not even recognized by many people, maybe your friends are lucky to know bitcoin earlier.

Learn from previous mistakes even though the price of bitcoin is now high you will never be late to invest now and wait again 10 years in the future you could become a millionaire if you invest regularly in bitcoin.

Who doesn't want to know bitcoin early, but it's a matter of time that doesn't know what it used to be.

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April 13, 2024, 10:06:11 PM
 #66

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Becoming a millionaire is not difficult, invest in the appropriate project and money will flow in. The space is not friendly as it seems, we just have to be peace with our dealings and these people. We should widen our knowledge in the the system because it have to do with enough risks already. We all have regrets in the market and we should always look on the brighter side because there's no possible end between them.

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April 13, 2024, 11:01:26 PM
 #67

In early years it was easy to believe the propaganda and FUD about Bitcoin because it was small and too early with little adoption to know any better. But from early years till today a lot of things have changed and so should have the opinion of those who fell for the FUD.

As an icing on the cake, 2020 was just the next best year to get into it. The network was much more mature, however underpriced. The risk reward ratio in 2020 was perhaps the best, if I had to choose. Maybe the second best is now, fingers crossed.
Exactly, in 2020 was the second best time one should have join the early investors but I didn't achieve that because I was very young. Although I'm still very young but then I would say I was a kid, I did hear of it but my parents, friends and my entire environment was not a technical knowledged people so they couldn't encourage my little information by supporting me with little cash they felt I was going to loss all the money so I didn't buy.

I have said this before, in a cyber cafe where I usually go to practice computer skills, I met people who already knew bitcoin but I don't know if they invested but they always talk about it, that lead me to know about it.

But at least at the end, I have bitcoin now in my Electrum wallet that I do check on frequently. I have a long term plan to hold it but in the main time I will still be adding little by little to it, if I missed the train before I can't miss it this time.

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April 13, 2024, 11:56:45 PM
 #68

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Your friend did not become a millionaire only by investing, he was able to maintain discipline not to sell quickly and not to spend his investment, he also practiced proper security techniques to keep his investments safe.
@OP instead of you regretting what you would have become, you can actually start making better choices so you become that millionaire you would have become some years ago if you had made better choices. Quit regretting and start investing diligently in bitcoins.
True indeed. Investing alone won’t make you a millionaire in the long run, but consistently working on your investment and taking some calculated risks that will create more positive outcome than just trying to invest without knowing on how to make it work.  And by having high patience and positive attitudes towards your investment, that will create a big factor for the success of your investment.

The fact that you have learned your lesson now, then start investing and stick to bitcoin for long term hodling. That will be probably your best decision ever.

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April 14, 2024, 10:39:02 AM
 #69

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
The time you mentioned was the year after Bitcoin was created. If we take a look at the history of Bitcoin, we can see that Bitcoin was created in 2009. You mentioned that in 2010 the price of Bitcoin was only $0.09 (this is according to the history of Bitcoin).

The time you mentioned was the early days of Bitcoin creation then maybe Bitcoin was not that popular and no one could have imagined that Bitcoin would be so popular and so high in value. I think it's normal to regret that you saw the price of Bitcoin when it was created at $0.09 and now see it rise to $72,000. It seems to me or as per your statement that your friend did the right thing which is why he is a millionaire today. You may still have time to invest in Bitcoin so that you don't have the same regrets in the future as you did when you created Bitcoin.

Everyone dreams of becoming a millionaire, but it is difficult for us to achieve it, but if there is a strong desire there is definitely a way, the way is that every time there is a small asset, if there is a slight increase, we immediately release it and buy other coins such as eth, doge and btc because of these coins. It has the potential to continue to increase all the time, as proven by the fact that BTC was created in 2009 until now, beyond predictions, the price is very amazing, even many people have become millionaires because of crypto, especially BTC.

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April 14, 2024, 11:05:07 AM
 #70

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
I have so many questions for you. How do you know that you will become a millionaire like your friend?
Since you have concluded how you almost become a millionaire since your friend is one. Have you ever asked him how he got his wealth?
Do you know whether he has other businesses apart from Bitcoin or crypto at large? He need to ask him all these questions so that you can be sure whether it is cryptocurrency that made him a millionaire or not. Don't slack, this might be your own opportunity to earn from the market.









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April 14, 2024, 07:37:45 PM
 #71

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
So since you got introduce by a friend to invest in Bitcoin in 2010 and you failed, what have you done since then? Have you invested or you are still procrastinating like before, because at times, I won't be surprised if you are still procrastinating simply because you are yet to be convinced about what Bitcoin holds for us in the near future, because what I expected to hear was how you missed investing in Bitcoin in 2010, but yet has been able to accumulate X amount of Bitcoin from the year you took action, because there isn't a single soul who wouldn't claim was introduced to Bitcoin earlier on and neglected simply because he/she thought it was a scam. However, who knows if you wouldn't have sold yours at a cheap rate just as Laszlo Hanyecz sold his for mere 2 pizzas long time ago?

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April 14, 2024, 08:31:14 PM
 #72

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.

There are a lot of similar stories where people refused to believe in Bitcoin and they regret their decision today, not today but they have regretted their decision way back when Bitcoin first started soaring and reached $5k, then $10k, then $15k, and so on. Such people used to be happy whenever Bitcoin started crashing or losing some of its value it has, they would immediately start calling it a bubble or a scam.

I missed the train as well even though I came to know about Bitcoin pretty early, maybe not as early as you because the price of Bitcoin was around $400 at the time when I came to know about it, but if I had bought at that time and held my assets until now, I would surely have had a few hundred thousand dollars in profit but unfortunately, I didn't have any funds at that time to buy any.

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April 14, 2024, 08:43:12 PM
 #73

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
So since you got introduce by a friend to invest in Bitcoin in 2010 and you failed, what have you done since then? Have you invested or you are still procrastinating like before, because at times, I won't be surprised if you are still procrastinating simply because you are yet to be convinced about what Bitcoin holds for us in the near future, because what I expected to hear was how you missed investing in Bitcoin in 2010, but yet has been able to accumulate X amount of Bitcoin from the year you took action, because there isn't a single soul who wouldn't claim was introduced to Bitcoin earlier on and neglected simply because he/she thought it was a scam. However, who knows if you wouldn't have sold yours at a cheap rate just as Laszlo Hanyecz sold his for mere 2 pizzas long time ago?

don't be surprised that he is still having doubts about bitcoin or he has been on the mentality that its too late for him to buy and even after missing out on the many opportunities he might be deep on this same regretful feeling. what you should do now is to buckle up and speed up with your decision to actually start accumulating.

One thing is to make a mistake and one thing is correct it and make adjustments to avoid the mistakes from repeating itself.

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April 14, 2024, 08:51:08 PM
 #74

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.

I wonder how your friend didn't sell his Bitcoins when Bitcoin gained some value in the initial days since he didn't know the future and what was going to happen.  Roll Eyes I also wonder why you think you could become a millionaire and wouldn't sell your Bitcoin because even if you had bought Bitcoin in 2010, after a few years when Bitcoin started soaring high, you would most probably sell your assets after waiting for so long because you wouldn't know the future unless you have a crystal ball that tells you.

You are saying this only because now you are seeing how successful Bitcoin has become, but in reality, you wouldn't be able to hold on to your Bitcoin for this long if you would be active in the industry unlike people who went away while having Bitcoin lying around in their wallets and then they came back when Bitcoin skyrocketed.

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April 14, 2024, 08:56:08 PM
 #75

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
So since you got introduce by a friend to invest in Bitcoin in 2010 and you failed, what have you done since then? Have you invested or you are still procrastinating like before, because at times, I won't be surprised if you are still procrastinating simply because you are yet to be convinced about what Bitcoin holds for us in the near future, because what I expected to hear was how you missed investing in Bitcoin in 2010, but yet has been able to accumulate X amount of Bitcoin from the year you took action, because there isn't a single soul who wouldn't claim was introduced to Bitcoin earlier on and neglected simply because he/she thought it was a scam. However, who knows if you wouldn't have sold yours at a cheap rate just as Laszlo Hanyecz sold his for mere 2 pizzas long time ago?

don't be surprised that he is still having doubts about bitcoin or he has been on the mentality that its too late for him to buy and even after missing out on the many opportunities he might be deep on this same regretful feeling. what you should do now is to buckle up and speed up with your decision to actually start accumulating.

One thing is to make a mistake and one thing is correct it and make adjustments to avoid the mistakes from repeating itself.
And that's the mistake most people make, thinking it's too late to invest in Bitcoin, forgetting that it been a decentralized digital currency whose value liable to fluctuate with respect to demand and supply due to it's limited total supply in circulation. Because that's the same way many people said it was late to invest in Bitcoin when it's value was mere $10,000, and likewise same thing happened when it's value rose to $20,000, and up till this moment with Bitcoin valued at $63,700, some people still believe it's too late to invest in Bitcoin. So on that note, the best advice I can ever make is for people to accumulate as much BTC that we can, as the price of Bitcoin likely to keep skyrocket with time.

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April 14, 2024, 11:14:00 PM
 #76

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
what I want to advise you is that in anything someone is introducing you and they don't really know the thing I would like you to make a proper research on your own to understand more of what the person is trying to introduce you, because I could remember far back 2010 many people is ignorant of Bitcoin but today those people that rejected Bitcoin have accepted bitcoin now the reason be that they have not carry out a research to know how productive will be Bitcoin in future before the rejected Bitcoin so you have to make a research for anything someone is introducing you to before you join whatever they are introducing you

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April 14, 2024, 11:31:32 PM
 #77

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Your friend did not become a millionaire only by investing, he was able to maintain discipline not to sell quickly and not to spend his investment, he also practiced proper security techniques to keep his investments safe.
@OP instead of you regretting what you would have become, you can actually start making better choices so you become that millionaire you would have become some years ago if you had made better choices. Quit regretting and start investing diligently in bitcoins.
It takes a lot of risks and pressures on the investor’s part before he will end up as a millionaire. The reason why only few have succeeded with bitcoin and majority are still losing throughout their investment. But the fact that those who have managed to take the risk and invest, eventually they will achieve their goals soon, unlike those who have never really have the courage to invest because of their fears and doubts.

I just hope OP that you have already made your decision towards bitcoin. Buy now and hold, even a minimal amount can go a long way in the future.

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April 15, 2024, 01:01:05 AM
 #78

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin.Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Maybe people learn from mistakes, so you made the initial mistake of not listening to your friend's bitcoin investment advice. Maybe you don't make that mistake knowingly or knowingly now because you have been in cryptocurrency for a long time due to which your knowledge and understanding about cryptocurrency has increased. As you say I am not sure if your friend became a millionaire just by investing in bitcoins or if he had other income streams that he depended on to become rich.

You may still have that valuable opportunity to invest in Bitcoin that you missed 14 years ago. Because the more time passes, the more the price of Bitcoin will increase. So without delay you should buy bitcoins to invest so that you don't miss that opportunity again. We have seen Bitcoin touch all-time highs this year which was a desirable price for investors.
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I felt bitcoin was another ponzi scheme created by scammers to scam innocent people.
Any wallet you store your bitcoins in will require you to commit to protecting the wallet's seed phrase. Because if you fail to secure your wallet, all your bitcoins will be accessible to scammers. I think scammers get access to our wallets because of our own mistakes.

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April 15, 2024, 06:55:50 AM
 #79

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
You didn't listen to your friend's advice at that time means that if you had decided to invest then and made the investment then you would have sold it quickly after making some profit because your patience would not have allowed you to hold Bitcoin until the same moment today. So you probably wouldn't have become a millionaire if you invested in Bitcoin at that moment, you would have panicked and sold the Bitcoins. so regretting the past is just foolish.You can still invest in Bitcoin and become a millionaire in the future but you won't.  But you will regret it again in the future


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April 15, 2024, 10:29:31 AM
 #80

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Do you want to keep leaning on the past or you want to move on? The choice is yours to make.

Even if you did buy or mine some Bitcoin in the past you must have sold them all when they made new all time high, to me its still a win for those who invested at the early days and sold for some profits.

Atleast they made some returns compare to those who got scared that Bitcoin could failed, in those early days of Bitcoin, there isn't a lot of confidence in Bitcoin, this is also a huge plus to why many people sold and move on, there I'd a big chance that you would have done the same.

What happened has happened, now what should be your interest part is how to not miss the opportunities that are presently available now, it is highly possible that many investors in 2028 will look back and write their regrets about how they failed to accumulate Bitcoin in 2024.

Believe me, this always happen, I have been here since 2017 and I have seen such regrets many times before, the choice is yours to make, right now it's still not too late.
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