getting back into the BTC game

[Die_empty]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

The price of Bitcoin experienced such an upward movement this year that it beat its last ATH before halving, which is strange. (It is normal for the Bitcoin price to get to ATH after the halving). This was attributed to the investment of some institutions in the ETF. We are experiencing a downward trend, which many analysts see as market consolidation. But there are predictions that the price might skyrocket late this year or early next year. So, you still have an opportunity to buy and hodl. However, dipping your toes is better than jumping into the water. The Bitcoin industry is still risky and unpredictable, so you should invest cautiously.

Your first account was last active on July 24, 2019, and it seems to have no trust issues. You can do what some members have suggested and maybe keep sending emails to the admin to remind them of your account. I hope you recover it, best of luck mate.   

[kingvirtus09]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

First, I'm sorry for the loss due to the hacker taking your account to use here on the forum, or he can also sell it here, which he may have done a long time ago. Now, regarding your question, the situation of Bitcoin in the market is quite complicated because we are still going through a correction at the moment.

But nevertheless, despite that, it's still good news for long-term holders, so if you're also a long-term investor, this is a good opportunity to buy and put it in the trezor wallet you have now.

[SamReomo]

Welcome back to Bitcoin community but account hacking has nothing to do with Bitcoin and that's why you should be optimistic next time.

We always suggest everyone to stay away from custodial and exchange wallets when someone wants to invest in Bitcoin.

If you want to invest in Bitcoin then first get yourself a personal wallet, most preferable should be a personal cold wallet which is the safest way to hold Bitcoin for long term.

Bitcoin can be huge in future and we as community trust that and our beliefs are quite strong in that regard and that's why I suggest you to hold your Bitcoin for long term to gain good profits from that investment.

[TheUltraElite]

Hope OP's account recovery works out, I think there is a new team working behind it and things have become faster than before.

As far as BTC is concerned, I keep holding through thick and thin and try to stack more of it eventually as time passes and drops happen. Bunch of shitcoins have come up and they are often the center of craze among the community but they are often not worth putting time or money into.

My suggestion would be to recover your account and then stack up BTC as it drops.

[axel20]

I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Yes very much so optimistic. I still think bitcoin has a chance to go beyond 100k. It might seem a bit scary now since the price is so high you’d think that at some point it’s no longer going to go higher but I try my best to avoid that kind of mindset and just keep holding

I’m also curious when did you stop holding bitcoin and for what reason?

Well, I never really stopped holding bitcoin.  I mean, I still have a little bit left, but I haven't really bought any in 3-4 years.  I was distracted by other things in life and working three jobs, so it just kind of fell off my radar.  Ironically, I recently received an email newsletter from Trezor announcing the Trezor Safe 5, which I thought was interesting, so I went to their website and noticed they also had the Safe 3, which had the same security features without the touch screen for almost $100 less.  I was intrigued.  I started reading on different websites to see what the current impression of BTC was and it seemed very optimistic about the future, so I decided to take the plunge, buy the Safe 3, and start buying BTC again as I get the chance.

Hope OP's account recovery works out, I think there is a new team working behind it and things have become faster than before.

As far as BTC is concerned, I keep holding through thick and thin and try to stack more of it eventually as time passes and drops happen. Bunch of shitcoins have come up and they are often the center of craze among the community but they are often not worth putting time or money into.

My suggestion would be to recover your account and then stack up BTC as it drops.

Good advice, thank you.  I'm definitely trying to get my old account back.  We'll see what happens. *fingers crossed*

[logfiles]

My personal view is this

• 1. In terms of acceptance in countries, I don't think so. Just yesterday, I learned that people who use centralized exchange in my country would have to pay Value-Added Tax (“VAT”) at a rate of 7.5%  on transaction fees in each trade for users whose KYC information is registered in Nigeria. Ans these monies will then be remitted to the government. This is what makes me less optimistic about bitcoin's potential in my country.
• Globally, I am riding the fence, since the time of the halving. The price didn't shoot up as almost everyone anticipated and bitcoin has since been struggling to set another all time high price which was naturally my expectation.

Wait so after banning cryptos in your country, the Government then decided to tax crypto trading fees?
How exactly does this work since they failed to collaborate with an exchange like Binance?
I thought all users from Nigeria were banned from using the platform.

About the price not pumping immediately after halving. This is normal, It has happened before, we will have to wait for some good number of months to either realize another bull run or not.

[mirakal]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

The fact that I'm still staying here for quite long years proves that I'm always optimistic with bitcoin. But anyways, welcome back and hopefully this time, you will create a good impact with bitcoin. Just stick to its basic, buy low and sell high and you will never be at loss. But of course, patience is a must, knowing bitcoin investment is always designed for a long term investment. Bitcoin's future is bright, as long as you know how to manage your bitcoin investment and maximize the opportunities whenever they're coming in.

[Darker45]

I remain highly optimistic. $80,000, $100,000, $120,000, and even higher prices are still very much in sight. You've actually got a nice entry point these days as Bitcoin has finally succumbed to selling pressure and has fallen quite far from $60,000. The price is even lower than $57,000 right now.

Especially since you mentioned that you intend to hodl, I see no problem in re-entering at this point. Short-term price changes don't mean much in the long term, although entry during dips is indeed a bonus.

[Richbased]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.

If you don't mind, would you like to share with the community some details about the hacked account? Maybe there could be some help on how to recover it for you.
 
With the details you provide, probably a wallet linked to the account or any other thing that could prove that you really own the account could give you a chance of getting it back, or you don't want the old account again?

If you care about getting your hacked account back you should try checking out this link How to recover hacked account

My original account username was axel2078.  I had been on the forum for years, finally becoming a full member and then one day when I tried to log in, I couldn't anymore and I noticed someone else was posting using my account.  I sent a message to the mods right away, but they asked me to provide some kind of digital signing proof that the account was mine and I had no idea how to do that.  I wish I could provide something to you that would prove that I was the original owner, but I don't know what that could be aside from the email address that it was opened with.  Would I like to get my old account back? Sure, that would be great, but if it's not possible, I understand.

The profile axel2078 was engaging in general discussion of the forum from when they started making post in the forum which was on October 09, 2014, 02:56:04 PM to October 27, 2016, 02:33:15 AM then from July 09, 2017, 04:25:31 PM the profile changed hands and started making posts on alternate cryptocurrency discussions till when they made their last post on July 20, 2019, 07:11:55 PM and the account became inactive since July 24, 2019, 08:47:17 PM.

Going by these findings, if the account was really hijacked then it should be around when the profile changed hand in July 09, 2017, 04:25:31 PM so there is some truth in what you are saying but however, had it been you have staked a Bitcoin wallet address and you can be able to sign a message with it to back up your claims then it would have made an easy way for the account recovery process.

However, forum users can still consider signing their Bitcoin address attached to their account to this thread Stake your Bitcoin address here so that in a case of their account being hijacked or hacked they can have enough evidence to back up their claims.

[DarkState]

Hey,
First of all welcome back to the crypto world. But it was really frustrating that you lost your account. But it is good that now you have a positive attitude. And it is really a good decision to order Trezor Safe 3. Your choice is solid for holding bitcoin on Trezor. But I have some questions about your back to crypto world.

*What led you to get back into crypto now?

*Do you have any specific goals or strategies for your investments

I am looking forward to hearing more about your journey as you back in. Always enjoy your holdings.

Thank you.

[Davidvictorson]

Wait so after banning cryptos in your country, the Government then decided to tax crypto trading fees?

Yes. They are very confused.

First, they ban crypto transactions using banks. Then we resorted to P2P. Then they forced the crypto exchanges to delist the Naira pair on their platforms so as to stop people from getting involved in crypto, yet we found another way. And now they are back because it was a futile attempt that didn't work. So now, they are going to enable the naira pair but any crypto transactions will carry a 7.5% VAT. Well if this doesn't work, I won't be surprised if they raise it up to 10% which they had earlier proposed in their 2023 finance act

How exactly does this work since they failed to collaborate with an exchange like Binance?

The thing now is that Binance if they want to continue doing business in Nigeria which is their biggest market in Africa, have no other option than to accept. In the end, it is about profit-making and staying in business and not the about the customers. I know their revenue dropped in the few months that Nigerians were no longer able to do any crypto transactions on their platforms.

To understand better, you can read this article - Nigeria introduces 7.5% VAT on crypto transactions

[logfiles]

<...>

That is so short-sighted of them. It goes to show you that most of these Governments are run by crooks who have no idea how things work. It's also clear that the power belongs to the power once they decide to go against the unjust Government directives.

I think there is another country that tried to ban crypto only to start imposing a tax later. I am not sure whether it was India or the Philippines. So long as the people stick to the principles of Bitcoin, most of these Governments will have no choice but accept crypto as an alternative payment system for the citizens

[Yatsan]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Optimistic of course especially for Bitcoin. To put it simple, it came across a lot of issues from the previous years, experienced a huge decline on its price, and now it is back on its "feet". If you're planning to re-invest then I think this is the right time. The market price fell recently and is about to go up again. Make sure you won't miss the ride. Bitcoin won't be having such reputation in this industry for no reason. If you are planning to get into other projects, well it would still be a good idea knowing that great projects are being introduced as well at this point but if it is Bitcoin you are eyeing then there's no problem with it as well. Just don't wait for its market price to again be at $70k before you make a decision. I once distanced myself from this industry as well but still found my way back because I don't want to regret anything if I would be missing out on this cycle.

[Maus0728]

Welcome back to the fray OP, hope you won't be doing any exit anymore, I feel like you're regretting getting out because you got out at the time when bitcoin isn't this high in prices, maybe this will be a time for you to learn to trust the process in bitcoin investing.

Who's riding the fence around here?

People who had been scared to death out of holding Bitcoin have all ran away from here 2-5 years ago.

There isn't really anything that the current news cycles can tell us that will spread fear, unrest, and disruption and cause people to sell their bags. As they ran of of ideas for their script since the pandemic and 2022 crashes.

Totally agree and when another crash happens, I feel like we're all going to see more people running away again, that's a definite thing to happen, regarding FUD spreaders, I do feel like they're learning slowly that people in the community aren't easily trolled anymore by basic FUDs and so they do this thing where they put in the effort to make sure that the FUD is going to be believable as possible and at the same time could scare newbies into backing out of their investments.

[wallet4bitcoin]

~snip~
Globally, I am riding the fence, since the time of the halving. The price didn't shoot up as almost everyone anticipated and bitcoin has since been struggling to set another all time high price which was naturally my expectation.

Almost everyone? When did the price of BTC explode right after the halving that there would be any logic that anyone should have expected that after the last halving?

I will not be at all surprised that beginners have completely unrealistic expectations, but everyone who has been there for a few years should have understood how the market works. The fact that the price is now going down is actually good, especially for OP and all those who want to invest at low prices.

There is always a significant reason why these dips always occur but I consider them a good entry point for whoever finds himself at the point as an investor.
But it should be known that the bull season isn't done yet as we still expect more momentum in the uptrend even though it is said that Germany is selling off bitcoins and MT Gox has started moving bitcoin from its wallet, these wouldn't last long enough to plunge the space into a bear market but just a mini retracement.

[axel20]

Hey,
First of all welcome back to the crypto world. But it was really frustrating that you lost your account. But it is good that now you have a positive attitude. And it is really a good decision to order Trezor Safe 3. Your choice is solid for holding bitcoin on Trezor. But I have some questions about your back to crypto world.

*What led you to get back into crypto now?

*Do you have any specific goals or strategies for your investments

I am looking forward to hearing more about your journey as you back in. Always enjoy your holdings.

Thank you.

Honestly, it's kind of funny, but what led me back to crypto was getting an email newsletter from Trezor announcing their new Safe 5.  I went to the site to check it out and then noticed the Safe 3, which I was drawn to because of the price.  Then I was curious about how BTC was doing lately since I haven't kept up, so I went to various financial and business sites to check it out and they all said that the future of BTC is still promising, so I decided to take the plunge.  I ordered the Safe 3 and I'm going to start buying BTC again to hold.  I don't have any specific strategies at the moment related to BTC.  I just plan to hold for the duration.

[Y3shot]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Is it that because of your hacked account you decided to quit everything about bitcoin,  but I think that was not a reason for you to just put a pause about your bitcoin investment. I don't really know when your account was hacked but if you were consistent with bitcoin I believe by now you would have been able to accumulate some bitcoin,  but it is all good you are back to start the journey again. Hoding bitcoin is a good decision, it will be nice you keep it up and not allowing anything to distract you.

[Emmanuelex]

I'm always optimistic about Bitcoin, and I don't think there's ever been a time I had doubts. Ever since I started investing in Bitcoin, I have not looked back. It's one asset that is worth it, because it's only the asset you can hold and have complete ownership and control, without having any fear that someone can take it away from you. All you have to do is be smart and not make mistakes of giving out your keys to anyone. The price also is not something that I would worry about, because I know no matter what there's always going to be a comeback, no doubts! ✌️

[axel20]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Is it that because of your hacked account you decided to quit everything about bitcoin,  but I think that was not a reason for you to just put a pause about your bitcoin investment. I don't really know when your account was hacked but if you were consistent with bitcoin I believe by now you would have been able to accumulate some bitcoin,  but it is all good you are back to start the journey again. Hoding bitcoin is a good decision, it will be nice you keep it up and not allowing anything to distract you.

Well, the hacked account certainly didn't help, but that wasn't the only factor.  A lot of other things happened around that time in my life (major death in the family, new job, wife just had a baby, new 2nd job) so I guess you could say that life got in the way and my focus shifted.

[Casdinyard]

I've been out of the crypto game for a few years now and I'm just now kind of dipping my toes into the water again.  Admittedly, I was a little angry when my original account on here got hijacked a few years ago and I wasn't able to get it back.  Oh well, water under the bridge, right?  Anyway, I just ordered a Trezor Safe 3 to start "hodling" again.  I've been reading different news sources about the future potential of BTC and it still looks pretty bright.  What is your personal view?  Are you still optimistic?  Riding the fence?  I'm curious.  Thanks.

Yup. Still very optimistic despite the market situations. With how the market is moving right now it may make you think that bitcoin's not at a really good place financially and economically speaking but the thing is, it's the aftereffects of a market of people who already got acquainted-used to even, with how bitcoin works overall. So yeah, while the market's not at the greatest at the moment we're still bound for a massive pump later on in the bull season.

Highly suggest you activate 2fa on your account this time too, so sorry you lost your stuff but welcome back!

Would like to also recommend you get into a couple of crypto newsletters beyond bitcoin as well. If you really wanna make bank in this industry the best way to do it at this point is to diversify and start investing in other cryptocurrencies besides bitcoin and ethereum. It's become a relatively safe space as well, and as long as you have half a common sense rugpulls should be a thing of the past for you