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Author Topic: No risk no gain  (Read 1464 times)
Roser bouce (OP)
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April 28, 2024, 07:19:01 PM
 #1

I first heard about Bitcoin around 2016 but then I had no idea what Bitcoin was. Someone online was saying to work on it because I don't know anything about it. Then I heard about Bitcoin again in 2022 when the price of Bitcoin was 21000 dollars. I did a little research on Bitcoin and saw that it was good. From whom I heard, I said to a brother, brother, let's invest. Buy a bitcoin and keep it.Fifty percent and I invested fifty percent but that brother did not agree then. Day by day the price of Bitcoin was increasing and the price was going up and down around 25, 30, 31 thousand dollars. Still I told my brother to invest but he did not agree. That price eventually reached 74 thousand dollars. I regretted very much why I didn't take a risk. If you want to do something, you have to take a risk, nothing happens without a risk.
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April 28, 2024, 07:29:15 PM
Merited by vapourminer (2)
 #2

I am just curious why you need to request others to buy Bitcoin. Because you can buy Bitcoin yourself for any amount. It's not necessary to buy a full bitcoin. So you don't need to think about the 50/50 scheme when you intend to invest in Bitcoin. I assume you don't have enough proper knowledge about how Bitcoin works. So you need to study a bit more. I will advise you to spend more time on the forum and read as much as you can, especially related to Bitcoin technology. It's true that if you can't take a risk in crypto, you won't be a gainer at any point. Crypto isn't for panicky people. 

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April 28, 2024, 07:41:23 PM
 #3

I regretted very much why I didn't take a risk. If you want to do something, you have to take a risk, nothing happens without a risk.
Sounds rather contradictory. You told your bother to invest in Bitcoin, but you didn't invest in it yourself, and now you are regretting. It means you also never believed in Bitcoin to begin with and only got to realize that you missed an opportunity when thing are now looking well

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April 28, 2024, 07:43:34 PM
 #4

Well, what you did is risky it is likely a gamble because you didn't DYOR before you invested you are just lucky that you bought BTC at the cheap price but if you did buy it at the highest price at 64k in 2021 and holding it until the bearish season around the year 2022 and I'm sure you'll regret and your brother will think he is right.

That is why before you invest to any asset to get the best decision investing always do a DYOR and ask professional traders as a sample of what will happen to Bitcoin in the future or here on the forum you should get some ideas that can increase the decision making and probability what will the price of BTC in the future.
You need to gain some knowledge about Bitcoin and ask yourself why "Bitcoin would increase in the future?" one sample answer is block halving since the price of Bitcoin is based on demand and supply once the block halving happens the price of Bitcoin will increase because the supply will drop came from miners due to the half block reward and even the demand is the same as before the price should increase.

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April 28, 2024, 07:47:55 PM
Merited by vapourminer (1)
 #5

If you invest your 100% of what would have been your half of the capital, you'll get the exact sameprodit as if you both had invested and you shared the profit. You could have easily bought with the amount you had and held for as long as you would have planned to.

Secondly you never compel someone else to invest in anything. You're putting unnecessary risk on yourself as you'll take the blame if that investment goes south. Only give them information that can help them make up their mind on their own.

Thirdly, you still have the opportunity to take a risk now. Bitcoin still has a way to go in this bull run.

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April 28, 2024, 07:53:49 PM
 #6

Regrets are there because you've learned. Learnings won't mean anything if you won't reflect and apply it. You saw how big the potential is for Bitcoin's market value; are you investing now? It is easy to tell other people to invest but if we don't have the courage to do so, simply because we saw the price on a decline at the moment, then what's the point? Take the risk if you want to achieve something or gain profit. If you know how to properly manage the risk then at least loss won't hurt that much. Taking the risk is different from being reckless, keep this in mind. It is Bitcoin we are talking about and we all know how capable this digital currency is, to be bigger in the future. Erase the idea of easy money scheme 'coz there's no such thing.
If you invest your 100% of what would have been your half of the capital, you'll get the exact sameprodit as if you both had invested and you shared the profit. You could have easily bought with the amount you had and held for as long as you would have planned to.

Secondly you never compel someone else to invest in anything. You're putting unnecessary risk on yourself as you'll take the blame if that investment goes south. Only give them information that can help them make up their mind on their own.

Thirdly, you still have the opportunity to take a risk now. Bitcoin still has a way to go in this bull run.
Waiting for a lower market value could still be considered. People are just being hasty of the market price simply because halving took place and yet no significant changes could be seen other than the temporary dump.

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April 28, 2024, 08:07:27 PM
Merited by vapourminer (1)
 #7

We all make mistakes with money sometimes.  I once had a chance to invest in something that sounded too good to be true.  I kicked myself for weeks over that missed opportunity.

The lesson here is when you hear about some investment that catches your interest, dig into the details before walking away.  Get the facts and gauge the risks but also consider the potential payoff.  Sometimes you gotta go out on a limb.  Taking calculated risks is part of how people get ahead financially.  You win some and lose some, its the chances you dont take that eat at you.

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April 28, 2024, 08:13:16 PM
 #8

You were telling your brother to buy bitcoin while you yourself didn’t take that bold step to buy, and then in the end you regretted that you didn’t take action immediately to buy some bitcoin when you needed to. You don’t have to wait for someone to invest in what you’re convinced in that’ll make you profit to be the first to do that investment, it just shows that you’re not confident of your findings and still have some reservations about bitcoin.

Many people have come with stories of how regretful they are when they didn’t invest in bitcoin at the time it was at a lower price. Why don’t you look into the market and check for future prospects of bitcoin, you might consider taking a step now while it’s not too late. This is not a financial advise, do it at your own peril.

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April 28, 2024, 08:28:59 PM
Merited by vapourminer (1)
 #9

You can't tell someone that something you saw on the internet is good and that they can earn money if they invest in it and expect them to believe in whatever you say. A person needs to have a complete understanding of that thing before they can even think about it. I'm not sure if you had your brother understand what Bitcoin is before you suggested the investment or you just jumped to it because one would never agree this way unless they are walked through the process and are told every single detail about it beforehand.

Besides, as said by other members, why didn't you go ahead and make your investment without involving your brother if you had some belief in Bitcoin? And if you didn't want to take the risk yourself, you shouldn't blame your brother for it and put it on him because if you were confident, you could invest without him if you had the funds.

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April 28, 2024, 08:40:47 PM
Merited by vapourminer (1)
 #10

I first heard about Bitcoin around 2016 but then I had no idea what Bitcoin was.
Lots of people heard about bitcoin at the early stage, but they didn’t believe in it. Most of them thought it was a scam, so they didn’t invest, and I won’t blame them for that. But if you haven’t invested in bitcoin up until now, then something is wrong with you. If you still think bitcoin is a scam and you won’t invest, then you have already missed out.

I did a little research on Bitcoin and saw that it was good. From whom I heard, I said to a brother, brother, let's invest. Buy a bitcoin and keep it.Fifty percent and I invested fifty percent but that brother did not agree then.
And why do you have to involve your brother in your investment? Even if your brother is interested, then everyone has to create their own wallet and invest, it doesn’t make sense to join your investment with your brother. If you think the amount you are having is kind of small, that’s why you want your brother to join you. You should know that no matter how small the amount you are having, you can still buy bitcoin with it, and you don’t have to involve your brother.

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April 28, 2024, 08:45:07 PM
 #11

we all have some regrets as well but we can't turn back the time. we can however foresee what is coming so just take advantage of what is here right now. buy BTC.

I regretted very much why I didn't take a risk. If you want to do something, you have to take a risk, nothing happens without a risk.
Sounds rather contradictory. You told your bother to invest in Bitcoin, but you didn't invest in it yourself, and now you are regretting. It means you also never believed in Bitcoin to begin with and only got to realize that you missed an opportunity when thing are now looking well

he said he invested 50% i think what he regretted is that he didn't go all the way 100%.
we all have some regrets though. certain people are just regretting way too much that they forget its not yet too late. we still can buy, it's never the end of the world despite its price.









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April 28, 2024, 08:46:48 PM
 #12

A little strange with your story where you yourself have done research and say bitcoin is good after wanting to invest must invite your brother who disagrees, why not do it yourself? Maybe your brother knows that bitcoin is risky while you know there is no risk no gain so obviously you rely too much on others because you don't want to lose yourself.

Try doing it yourself with that 50% at a still low bitcoin price maybe now it's a 3x profit that there is a buy in 2022, but now it's just a regret and bitcoin is unlikely to drop to $20K again.
I don't think investing needs to invite others, if you can do it yourself, because there are still many people who think bitcoin is a risky investment while we don't think that in bitcoin.

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April 28, 2024, 09:05:28 PM
 #13

For something it's called risk, because if something goes wrong then you can lose it all, or at least a big piece of the cake. In the past, i have invested in shitcoins and see them lose 97% of their value, which means, for each $100 invested you only recover $3. And that's the risk that I'm talking about. You can't be sure at all about the markets, and if you decide to buy bitcoin now while the price is $63.3 then you can see it going down to $30k and lose 50% of your investment. So, this is high risk, but patience is a must in the equation.

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April 28, 2024, 09:09:52 PM
 #14

We all make mistakes with money sometimes.  I once had a chance to invest in something that sounded too good to be true.  I kicked myself for weeks over that missed opportunity.

The lesson here is when you hear about some investment that catches your interest, dig into the details before walking away.  Get the facts and gauge the risks but also consider the potential payoff.  Sometimes you gotta go out on a limb.  Taking calculated risks is part of how people get ahead financially.  You win some and lose some, its the chances you dont take that eat at you.


I share the same opinion that encourages one to try and dig into any investment opportunity that comes their way before walking away from such opportunity, because what you ignored today might be the biggest opportunity for someone who stick around a bit to understand the intricacies of such opportunities and took a step ahead to invest in them. It is also noteworthy to always dig deep into such opportunities and ensure that your evaluation is solid enough to merit your investment after you must have gotten some well informed clarifications about the investments.

The biggest mistake most people do when it comes to investment is to have only a surface understanding of an investment opportunity then they go straight venturing into it instead of having a deeper understanding of it. In the end most people invest in mouthwatering but untrue or short-term rather always study platforms getting a full details

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April 28, 2024, 09:12:14 PM
 #15

It is true that if you are not willing to risk something then you won't gain something from it like what you just shared about not taking a risk  which is to invest in bitcoin but when you invest, it shouldn't be a bitcoin that you have to acquire or to buy but depends on the amount of money you are willing to risk for investing in bitcoin. Let's say, I want to invest in bitcoin with an amount of 2000 dollars then that would be at 0.031 btc if the price of btc is at 60k+ dollar per BTC so investing in Bitcoin should not be about owning 1 bitcoin. There's a reason why there's a unit smaller than bitcoin and I am sure you heard about satoshi during your learning time.
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April 28, 2024, 09:18:14 PM
 #16

For something it's called risk, because if something goes wrong then you can lose it all, or at least a big piece of the cake. In the past, i have invested in shitcoins and see them lose 97% of their value, which means, for each $100 invested you only recover $3. And that's the risk that I'm talking about. You can't be sure at all about the markets, and if you decide to buy bitcoin now while the price is $63.3 then you can see it going down to $30k and lose 50% of your investment. So, this is high risk, but patience is a must in the equation.

Bitcoin investors only lose when they sell their holdings.  As long as they don't sell when the price falls below their investment price, then  they don't really loss a single penny.  Remember 1 BTC is always equal to 1 BTC, regardless of the price crash as long as the investor has the patience to wait for the market bull run, then the risk they take on investing in Bitcoin is somehow controlled.

@OP, regret is always on the end what is important is the lesson we learned from those mistakes and hesitation.  Now that you have learned your mistake, I think you are now open to invest in Bitcoin even without your brother's share of the investment.  It is not too late to invest in Bitcoin and I think this time is good timing because the market is expected to soar in the next few months and possibly record another all time high.

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April 28, 2024, 09:40:36 PM
 #17

I first heard about Bitcoin around 2016 but then I had no idea what Bitcoin was. Someone online was saying to work on it because I don't know anything about it. Then I heard about Bitcoin again in 2022 when the price of Bitcoin was 21000 dollars. I did a little research on Bitcoin and saw that it was good. From whom I heard, I said to a brother, brother, let's invest. Buy a bitcoin and keep it.Fifty percent and I invested fifty percent but that brother did not agree then. Day by day the price of Bitcoin was increasing and the price was going up and down around 25, 30, 31 thousand dollars. Still I told my brother to invest but he did not agree.
Were you operating a joint account or business with your brother? You studied about Bitcoin and understood that it was a good investment, why were you still waiting for approval or support from your brother. I guess you didn't have the money to invest while he was financially buoyant. But if you had the funds and was just seeking moral support, you made a big mistake. When it comes to invest, you don't need anybody's approval especially if you have verified that the risk is worth taking.

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That price eventually reached 74 thousand dollars. I regretted very much why I didn't take a risk. If you want to do something, you have to take a risk, nothing happens without a risk.
You don't need to spend your time and energy regretting. You still have the chance to invest because Bitcoin price will keep rising. Start investing and stop giving excuses and wasting your time. If you want to make a profit, then you should be ready to take the risk involved. From what I have read and observed, investing in Bitcoin is a worthy risk.

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April 28, 2024, 10:02:08 PM
 #18

If your decisions are going to rely your brother then he should choose who's going to marry you.  Grin

Kidding aside, when you have an idea of what you invests and you did your research and there's the potential gain, go for the risk. It is true that we gain nothing if we invest nothing. This is the logic in investing but you can start with small amounts.

Do the DCA strategy and let your brother see your gains eventually, he's going to be the one to ask you if it's still okay to invest but I doubt it that you'd say that it's fine to invest when we're hitting all time highs again.

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April 28, 2024, 10:48:51 PM
 #19

Sometimes, it is better not to try to convince anyone into investing in bitcoin no matter what the price could be, this is not debatable since you are going to lose some fraction, and if you market goes in your favour you way earn some profits just like what you expected, but you need to apply all the cautions and bear the risks that comes along with bitcoin investment and also know when to buy or sell bitcoin in the right right ways and manners that will not result in any form of loses.

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April 28, 2024, 10:58:31 PM
 #20

To invest in Bitcoin, you don't have to go around saying, Let's invest in Bitcoin. It's totally a personal choice. Because investing in Bitcoin requires you to believe in it and have the courage to take risks. In the beginning, many did not have the courage to believe and take the risk of investing in Bitcoin, as you did at the time, and now regret it as the price has surpassed its previous record. But if Bitcoin didn't reach its new ATH and instead the price continued to decline from the price you saw, you might not have regretted it. Instead, you would regret ever thinking of investing in Bitcoin.
  However, I think you need to further educate yourself by gaining proper knowledge about Bitcoin before investing in it. Because you said, you told your brother to invest 50%–50%. But what you may not have known is that instead of buying 100% of your entire bitcoin, you can buy any amount, however small. And then, if you could have done your own research and gotten the right idea about Bitcoin, you wouldn't have needed to ask anyone; you would have taken the bold step to invest yourself and hold on. But we all seem to have some regrets about investing in Bitcoin.
You can still invest in Bitcoin if you want. But in this case, you have to test enough patience as well as have the courage to take risks. And of course, invest what you are prepared to lose.
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