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Author Topic: What Would you have done differently if you restart your journey with Bitcoin?  (Read 428 times)
VicManton (OP)
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June 06, 2024, 10:51:21 PM
Merited by Igebotz (1)
 #1

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?

3. If you are to go back in time, what do you wish you had done differently?

4. Your favourite or best time with Bitcoin?

5. How do you see Bitcoin in the next 50 years?
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June 07, 2024, 06:56:27 AM
 #2

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?

3. If you are to go back in time, what do you wish you had done differently?

4. Your favourite or best time with Bitcoin?

5. How do you see Bitcoin in the next 50 years?

Firstly bitcoin isn't a gold coin because gold coin are physical tendered assets which the governments regulates while bitcoin remains digital asset and decentralized.
I actually heard about bitcoin around 2010 but just as many suspected to be unrealistic so I did too. The only mistake I did was to doubt the realistic of the coin because if I did is would had accumulated much huge values of bitcoin than the late time I realized the reality value and potentials of bitcoin and if I am to go back to make correction about bitcoin then I'd adoptor when it was first introduced with $0.00.
Any my advice to newbies is that they should believe that bitcoin is a reality to store values and there had been introduced lot of crypto currencies with the aim of the developers to scam adoptors so, be careful while investing on other cryptocurrencies aside bitcoin.
Talking about the future of bitcoin in 50 years time is undeterminable but it's sure that bitcoin would become more dominance and value as times goes by til then.

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June 07, 2024, 08:29:30 AM
Merited by Igebotz (1)
 #3

1. How did you get to know about Bitcoin and in what year was that?
I got to know about Bitcoin in about 2013 and it was through some online engagement but notably through one of my FX brokers. Notwithstanding, I never gave it any attention until years later when I was using it as a deposit and withdrawal means but never invested in it until I joined Bitcointalk.

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2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?
With Bitcoin? I've never made such a mistake I would call silly because even though I missed the opportunity to invest in it, I was investing in other sectors. So, no serious hurt feelings.

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3. If you are to go back in time, what do you wish you had done differently?
I would definitely start investing when Bitcoin was still less than $0.5, and by now, I would be a billionaire. Wink

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4. Your favourite or best time with Bitcoin?
I started investing in Bitcoin in 2022 and I also started trading it actively ever since then. But I can't say I can still point to any favourite time yet other than my overall experience with Bitcoin which is positive.

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5. How do you see Bitcoin in the next 50 years?
Don't be surprised if my view is different from others. For me, though I see Bitcoin going positive, I don't see it as insanely high in 50 years as many take it. If Bitcoin can always be moving higher and higher to the point of hitting $250k, $500k, and $1m nonstop, what do we call that? I call it an embarrassment, an inflationary asset that needs urgent attention. The economy doesn't work as many people take it with their layman's understanding, they just want the money.

Also, the fact that Bitcoin is in the mainstream in the financial market will make it better behaved than before and will disappoint many expectations.

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June 07, 2024, 10:23:41 AM
Merited by Igebotz (1)
 #4

I don't think that I have stayed long enough in this Bitcoin space to have assumed that I have a lot of story in my past to share here but let's just delve into this and share our little experience.
Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?
I have known about Bitcoin and crypto for a while now and to be precise I think it's been up to five years since I have known about Bitcoin but the truth is that it's just been mere knowledge and nothing more. My knowledge about it was just narrowed down to knowing that Bitcoin exist and that was it. what was even more popular was more of crypto than Bitcoin. It's now that I'm fully in the system that I now know what's bitcoin as well as what's crypto.

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?
I guess part of the main mistake should be that s spent too much time trying to learn everything before ever getting started. You can always start getting involved as a bitcoinner before everything there's to know about Bitcoin. Just get the basic and start off your journey and the rest of the knowledge will come as you proceed along the way. Kudos to this forum that made things way easier than it should have been.
3. If you are to go back in time, what do you wish you had done differently?
I guess this is almost same as the second question, If I was to go back in time, i would just start applying the knowledge i already had without waiting to get everything all figured out. The best way to learn is to learn while Doing.
4. Your favourite or best time with Bitcoin?
still anticipating the much talked about post having bull! I guess it's going to serve as a serious motivation that will help me to better prepare and stack up some good amount of Bitcoin before the end of this circle.
5. How do you see Bitcoin in the next 50 years?
Bitcoin hasn't actively stayed up to 20 years since it gained it value and to make a 50 year projection from now isn't worth it. We can't even tell what will become of the world in the next 50 years.

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June 07, 2024, 11:20:55 AM
Last edit: June 07, 2024, 01:34:43 PM by Barikui1
Merited by Smartvirus (1), Igebotz (1)
 #5

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?

3. If you are to go back in time, what do you wish you had done differently?

4. Your favourite or best time with Bitcoin?

5. How do you see Bitcoin in the next 50 years?

No 1, I knew about Bitcoin during the time of MMM, though initially I thought it was one of this Ponzi scheme,  so I never gave it a chance of me engaging in it.

No 2. On the part of number two, I never gave it a chance, I never engaged in it, so I think that was my greatest failing, so my advice to newbies is, they should take Bitcoin investment very serious, because the earlier they start building their Bitcoin portfolio the better.

No 3. on the part of number three, if I could turn back the hands of time, I would have engaged in Bitcoin investment earlier, by now, I would have been part of the early Bitcoin millionaires.

No 4. my best time with Bitcoin, I think it's this year.

No 5. I believe that Bitcoin has the ability of going up to 5 million dollars in fifty years time from now, that's why it's very important to me to accumulate as much Bitcoin as possible now, since it's very cheap now, because in the nearest future, I will just be looking back in happiness that i made the right decision now.

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June 07, 2024, 12:46:52 PM
 #6

1. How did you get to know about Bitcoin and in what year was that?

Around 2015 and 2016 I guess, the price was literally around $340  for 1 BTC as of that time, bought about 0.5 fraction of it for about N25,000 via p2p if I could remember correctly and dump everything into Ponzi scheme. Lol

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2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?

Don't be greedy, hold your Bitcoin jealously and do not invest in ponzi scheme as I did. 

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5. How do you see Bitcoin in the next 50 years?

Still far from reality......

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June 07, 2024, 01:12:58 PM
Merited by Igebotz (1)
 #7

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?
First, knowing about Bitcoin and getting involved into Bitcoin are two separate sittings, I knew about Bitcoin about 3 or 4yrs ago which clearly the internet and some physical interactions with a few friends within were the medium at which I get to know about it, but when we talk about getting involved with my funds by investing it was just at the pick of joining the forum but meanwhile I already had bad experience with a few Altcoins which shifted my center of attention to Bitcoin.

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?
Make Bitcoin your priority investment other than any Cryptocurrencies, many has lost too much of their funds into different shitcoins that claimed to be potentially brilliant like Bitcoin.

3. If you are to go back in time, what do you wish you had done differently?
Get a better fraction of Bitcoin when the price was below $20k value in price.

5. How do you see Bitcoin in the next 50 years?
With the level of adoption, we expect to see a better reality compared to what we have now, by then every satoshi which is completely worthless will become very useful.

.
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June 07, 2024, 02:29:41 PM
Merited by Igebotz (1)
 #8

1. How did you get to know about Bitcoin and in what year was that?
Whenever i remember it i feel so bad that i didn’t give bitcoin attention back then. It was around 2017 or 2018 i am not so sure what year exactly, but around that time i was still in school that a friend of mine told me about bitcoin, that was my first time of hearing about it but when he told me it was an online thing i lost interest immediately, it was all because of the popular Ponzi scheme (MMM) that scammed a lot of Nigerians around 2016 that i didn’t give it a chance back then, i thought it was another ponzi project that was launched.

5. How do you see Bitcoin in the next 50 years?
Bitcoin is a very powerful project and to think of what it has accomplished in a few years I can’t imagine how powerful it will become in 50 years.

Talking about it’s worth, in 50 years i thinks we are likely to see it go up in price above million dollars.

While Adoption and acceptance, i think a lot of countries if not all would have fully embraced it’s use and  increasing it’s adoption rate massively.


R


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June 07, 2024, 02:52:15 PM
Merited by Igebotz (1)
 #9

1. How did you get to know about Bitcoin and in what year was that?
My first year in the University was when i new about Bitcoin. After i heard some group of boys talking about it and how they want to get some.

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?
Yes of course as a newbie i made so many mistakes. I can remember sending some of my BTC to an unknown address. Also at the earlier stage i bought 20$ of BTC as a student during the dip which i do not know how it happens back then i lost all my 20$ of BTC thinking someone had jacked my account when it was obvious that the price went to 0$.

3. If you are to go back in time, what do you wish you had done differently?
I would have wished that i joined the Bitcoin community earlier. By now my knowledge and level i would have reach would have been massive. However i do not regret i didn't as there is always a good reason for everything that happens. I still give thanks to God.

4. Your favourite or best time with Bitcoin?
It was December last year when the Bitcoin started gaining its price. This was my first successful investment and it was a dip then but when the price started going high i was happy because it was my first profit i had made.

5. How do you see Bitcoin in the next 50 years?
In 50 years Bitcoin would be 50x better than it is today. It is uncertain to know what will be the actual price but i a certain that the price will worth more in the coming years. If we invest now then we are sure to have good profit in 5 decades from now. Its a lot of time to for Bitcoin to reach 1 million dollars for 1.

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June 07, 2024, 04:52:43 PM
Merited by Orpichukwu (2), Igebotz (1)
 #10

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?

3. If you are to go back in time, what do you wish you had done differently?

4. Your favourite or best time with Bitcoin?

5. How do you see Bitcoin in the next 50 years?
1 i came to know about Bitcoin I think around 2016-2017, I read about it on social media and I heard some friends always discussing about it.

2 I bought some Bitcoin as at then, but it didn't take much time before I sold it, I guess I didn't know how much of value it was then, if I had known, I wouldn't have sold it.


3 going back in time, I would have accumulated more bitcoin, built my knowledge on the things i didn't know about bitcoin as at then.

4 2019 when I began to study and know about it much more.


5 in the next 50 years the value of bitcoin must have grown tremendously as the leading digital currency across the globe.

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June 07, 2024, 05:10:59 PM
 #11

3. If you are to go back in time, what do you wish you had done differently?

I think the third question best talks more on the topic which is self explanatory itself, if i can have the opportunity of turning back the hands of time with bitcoin, i would have invest and be among the whales who would have been holding to this time ever since inception, but to the greatest surprise of many of us now, we all get to know about bitcoin when the whole thing has already been a boom and worth a reasonable value before we heard about it.

.
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June 07, 2024, 09:43:36 PM
 #12

First, I got into Bitcoin late around 2019, and secondly, I lost a huge amount of money on some forex investments years ago when I was not really too into Bitcoin or cryptocurrency. If I could go back in time, I would have just invested in Bitcoin with that huge amount of money that I lost in my forex investment. If I had known that that was how that investment was going to end, and if I had also known about Bitcoin very well, then I would have just bought Bitcoin, deposited it in a self-custodial wallet, and stored the private key in a place I could not reach it for eight years. By now, I would have been a millionaire, but I made the mistake and lost the money. 

My best time with Bitcoin was the last ATH of 2021, which made me realize the potential of Bitcoin. I believe that in the next 50 years, 1 Bitcoin will not be less than $500,000.

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June 07, 2024, 09:47:56 PM
Merited by Igebotz (1)
 #13

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?

It was towards December period 2013 I heard about Bitcoin that was the period I got admission into the university most persons in school then was talking about it I didn't have any idea about it or how Bitcoin look like before I later heard about it early 2014  



2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?


Yes the silly mistake I made then was not investing into Bitcoin because I first thought it was one of this Ponzi scheme of a thing I never wanted to invest then because I have lost lots of money concerning online investment then because I don't really know what Bitcoin was all about I never knew how potential it was.


3. If you are to go back in time, what do you wish you had done differently?
Now that I have know more about Bitcoin how potential it is I would have stack and accumulate more Bitcoin using the DCA strategy and hodl for a longer period of time for Bitcoin is more profitable in future.


4. Your favourite or best time with Bitcoin?
It was 2022 I started having more knowledge about Bitcoin investment since I have heard about it for long I thought it will just come and go just like other Ponzi scheme then, so when I got how legit and reliable Bitcoin was I started my Bitcoin investment journey.


5. How do you see Bitcoin in the next 50 years?
I believe by then  Bitcoin will hit great ATH, more people will want to invest into Bitcoin.

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June 07, 2024, 09:54:33 PM
 #14

If I were to start again with Bitcoin, I wouldn't be greedy with my gains and would sell when I felt I'd made enough profit. I'd learn to enter the market early during the bear phase and keep my profits in USDT, not fiat, during the bull market. Timing is crucial—there's a time to invest in Bitcoin and a time for altcoins. No altcoin is worth holding through a bear market, so I'd sell at any price once I knew the bull market was over. If I had another chance, I'd follow these strategies for better results.

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June 07, 2024, 10:04:22 PM
 #15

I came to this forum through a friend in 2022 April. And at first I was adamant and I don't want to involve in it because of passed experience. But with the persistent and persuasion from him made me join the forum. And for the number two I made a mistake of posting another person work without quoting.and dem ban me at dat time and I came back as the second chance was given. Me I no like to go back again because nothing dey di back. Working in a good campaign nai go be di good time oh and learning new things.

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June 07, 2024, 11:07:49 PM
 #16

1. How did you get to know about Bitcoin and in what year was that?
I was introduced to bitcoin by a friend, and that was in 2022, Sapa been dey brush me then.

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?
I did not make any silly mistakes because I had guidance from the person who introduced me to bitcoins and I was able to ask him easy questions. The person did not just introduce me to bitcoin but he also introduced me to this forum where I was able to read and learn from other people's experience so that I can avoid making some silly mistakes, it has really helped.
Most people who have made silly mistakes in cryptocurrency investing in bitcoin are people who did not have any guidance, either from any individual or from this forum.

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June 08, 2024, 01:10:21 AM
Merited by Igebotz (1)
 #17

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?
The percentage of people who made mistakes in their bitcoin career is high and probably above 50%. As of today people still make mistakes even the experience and old investors. It will surprise you to know that a good number of people even those participating in this discussion do not have a bitcoin portfolio and are not doing DCA even with as little as $10 per week. If you sample opinion, you will see several reasons, some of which will be convincing. But I see it as lack of trust and confidence in bitcoin because even those that have fine reasons why they don't hold bitcoin have other areas they invest their money especially in physical assets. I don't have a problem with investing in physical assets, but as a bitcoiner or someone earning bitcoin, it is morally expected that you have some bitcoin you are holding no matter how little they are, this shows that you believe in bitcoin. So, I call this a mistake that I made in the past and I know some people are still making it now. 

3. If you are to go back in time, what do you wish you had done differently?
If know what I know now and still given the opportunity to go back in time, I will save all my money in bitcoin including money I earn in fiat but not in budget for immediate use.

5. How do you see Bitcoin in the next 50 years?
Just like every other lover of bitcoin, I expect bitcoin at $1m 50 years from now, the reason I am saving some of my funds in bitcoin in expectation of a better day ahead. Within my active years of service, if I can have some who numbers of bitcoin saved, I will know that upon retirement I will be a millionaire in dollar. This is my plan for the future.

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June 08, 2024, 02:51:38 AM
Merited by Igebotz (1)
 #18

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?
I got to know about bitcoin through my brother, who introduced me to the crypto world far back in 2016, but I lack the knowledge that we can easily invest in bitcoin and hold it for the long term since I have less experience with how blockchain works.

Quote
2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?
Yes, I made a mistake by not investing in bitcoin earlier when I knew about it due to lack of proper guidance. I will tell a newbie to start investing in bitcoin since the price is not that expensive yet. And he or she shouldn't invest his whole money in bitcoin so that he or she will not mess up his bitcoin accumulation journey.

Quote
3. If you are to go back in time, what do you wish you had done differently?
I will make sure I am holding enough bitcoin in my possession, and even though I am not accumulating bitcoin again, I will be okay with the one I have accumulated. I will also make sure all my family members invest in bitcoin. By now, everyone will have been thanking me for giving them the update that will change their lives.

Quote
5. How do you see Bitcoin in the next 50 years?
Bitcoin will be fully adopted in the world, and no one or government will want to stop its citizens from using it because bitcoin will be seen as what will change the world for the better. In the next 50 years, bitcoin will be taught in schools so that people will have early knowledge about bitcoin and how it works. 
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June 08, 2024, 06:08:35 AM
 #19

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?

3. If you are to go back in time, what do you wish you had done differently?

4. Your favourite or best time with Bitcoin?

5. How do you see Bitcoin in the next 50 years?

Firstly bitcoin isn't a gold coin because gold coin are physical tendered assets which the governments regulates while bitcoin remains digital asset and decentralized.
I actually heard about bitcoin around 2010 but just as many suspected to be unrealistic so I did too. The only mistake I did was to doubt the realistic of the coin because if I did is would had accumulated much huge values of bitcoin than the late time I realized the reality value and potentials of bitcoin and if I am to go back to make correction about bitcoin then I'd adoptor when it was first introduced with $0.00.
Any my advice to newbies is that they should believe that bitcoin is a reality to store values and there had been introduced lot of crypto currencies with the aim of the developers to scam adoptors so, be careful while investing on other cryptocurrencies aside bitcoin.
Talking about the future of bitcoin in 50 years time is undeterminable but it's sure that bitcoin would become more dominance and value as times goes by til then.

When I said golden, I didn't mean gold, I only meant that it is a gem, a precious virtual coin that it is.

Oh wow, that is great though and it is funny that people didn't believe it at first but they now do, I wished I had bought it with my school fees then, mama would have been proud of mew by now. Haaaa Grin
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June 08, 2024, 06:33:39 AM
Last edit: June 08, 2024, 11:13:03 AM by Tmoonz
Merited by Igebotz (1)
 #20

Let's learn and laugh together guys, share with us the following about your experience with the golden coin Bitcoin:

1. How did you get to know about Bitcoin and in what year was that?


I heard about Bitcoin in early 2019 but I didn't get to really know what it is all about not until December 20th 2024 that is exactly my forum registration date which a friend actually introduced me to and that was when and how my research about figuring out what Bitcoin is started.


2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?


The mistake made which am still not very much happy with myself is  refusing to have figured out or research about what exactly Bitcoin is as earlier as at 2019 when I heard about it which probably I must have known more than what I knew now about Bitcoin but nevertheless I wouldn't let my pass mistake take much of my time by seeing it as a lesson, what I will tell every newbies is to join the moving train (Bitcoin) by investing with as little as they can with dca strategy either weekly or monthly as it please them and how hold for as long as possibly 4 to 10 years of probably having the compounded value of their investment over time as Bitcoin has proven beyond every reasonable doubt to be and have a solid foundation.



3. If you are to go back in time, what do you wish you had done differently?


I would have been able to have and  know more than what I have now.



4. Your favourite or best time with Bitcoin?


With the love and commitment I have for Bitcoin every time is my best time.


5. How do you see Bitcoin in the next 50 years?

It must have made several All time high as at 50 years with a more wider spread adoption far beyond expectations.

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