The Difference Between Being Early and Being Lucky.

[Wind_FURY]

Many investors today who has made huge profits from their investments didn't necessarily made it by being early on whatever they had invested or went into. I think most people learned from the mistakes of those that had earlier taking the risk of early investing into an asset and through some mistakes or bad decisions lost out. Take bitcoin for instance, not really all those guys that bought bitcoin in the very early days still holds bitcoin today , some sold it too quick when it got from $1 to $100. Those who later saw their mistake are the ones holding it till date as the whales.

The bolded part of your post actually STRENGTHENS the argument that people who have invested in Bitcoin, or those who want to invest in it, SHOULD learn and have a basic understanding of the network. How it works, why it works, and most importantly the Game Theory behind what makes everything stick together.

HODL your Bitcoin to a SEVEN DIGIT price valuation.

 

[arwin100]

Many investors today who has made huge profits from their investments didn't necessarily made it by being early on whatever they had invested or went into. I think most people learned from the mistakes of those that had earlier taking the risk of early investing into an asset and through some mistakes or bad decisions lost out. Take bitcoin for instance, not really all those guys that bought bitcoin in the very early days still holds bitcoin today , some sold it too quick when it got from $1 to $100. Those who later saw their mistake are the ones holding it till date as the whales.

The bolded part of your post actually STRENGTHENS the argument that people who have invested in Bitcoin, or those who want to invest in it, SHOULD learn and have a basic understanding of the network. How it works, why it works, and most importantly the Game Theory behind what makes everything stick together.

HODL your Bitcoin to a SEVEN DIGIT price valuation.

 

Agree, since learning the basic thing about the network of Bitcoin also the other things like theory behind it is somehow important to look at.

There are some people became a blind believer about HODL then do lame things which is not inline with basic principles about those action. Those make them less information and most likely they have tendency to do bad decision if there's challenges came. Also understanding how those things works on side of Bitcoin and they study the past data's maybe they would learn real confidence to stay holding for long time and maybe with that they can reach up to those valuations you have mentioned.

[Juicyhome]

Sometimes I tend to call those who invested in bitcoin at the early stage when the price was really low shouldn't be termed as lucky but the most believers, because at that time almost no one believed in the bitcoin potential and only those who could afford to lose their money actually bought bitcoin since it had almost no recognition on the exchange at that time. But now they risks have paid off and in massive gains, but we shouldn't call that luck.

Truly we can't call them lucky investors, they are called believers, they invested in Bitcoin they haven't tried before and they succeeded, they are the real risk takers and they deserve all they're enjoying today by believing in Bitcoin.

Bitcoin investment is not for the weak, even at this moment if you're still in Bitcoin investment then you're a believer, tomorrow people will call you lucky one, but they won't understand the bad time you went through to get those the point you're are. The early birds are the true investors, in Bitcoin investment there's nothing like luck, your profit depends on how you are patience with Bitcoin, it takes a lot of time before you benefit from Bitcoin investment.

[Wind_FURY]

Many investors today who has made huge profits from their investments didn't necessarily made it by being early on whatever they had invested or went into. I think most people learned from the mistakes of those that had earlier taking the risk of early investing into an asset and through some mistakes or bad decisions lost out. Take bitcoin for instance, not really all those guys that bought bitcoin in the very early days still holds bitcoin today , some sold it too quick when it got from $1 to $100. Those who later saw their mistake are the ones holding it till date as the whales.

The bolded part of your post actually STRENGTHENS the argument that people who have invested in Bitcoin, or those who want to invest in it, SHOULD learn and have a basic understanding of the network. How it works, why it works, and most importantly the Game Theory behind what makes everything stick together.

HODL your Bitcoin to a SEVEN DIGIT price valuation.

 

Agree, since learning the basic thing about the network of Bitcoin also the other things like theory behind it is somehow important to look at.

There are some people became a blind believer about HODL then do lame things which is not inline with basic principles about those action. Those make them less information and most likely they have tendency to do bad decision if there's challenges came. Also understanding how those things works on side of Bitcoin and they study the past data's maybe they would learn real confidence to stay holding for long time and maybe with that they can reach up to those valuations you have mentioned.

Plus another important thing to learn about Bitcoin is its relationship with the legacy system, and its money supply. Once the Federal Reserve, or any Central Bank around the globe starts expanding its money supply, then valuable assets that have limited supply WILL surge in price against that currency.

Bitcoin is one of those assets.

[AmaGold70]

I still want to believe that their are recent bitcoin investors who have made more money in bitcoin than some early bitcoin investors, the reason being that some recent bitcoin investors are well informed about how bitcoin work. They exercise patience, ensure the safety of their asset, and also invest based on long term strategy. Not everyone who invested very early in bitcoin are able to make good profit, not all the early investors could be patient enough to make good profit from their bitcoin investment as some of them also lacked the required knowledge to remain successful in the bitcoin market.
Their is a saying that knowledge is power, so it is more beneficial to invest in bitcoin with good Bitcoin knowledge because those who made it through luck are just very small percentage.

[Royal Cap]

To be honest if you or I had known about Bitcoin back then, we would have probably sold it for a small profit. Because back then almost no one could have imagined that one day the price of Bitcoin would go so far. Only those who had a good understanding of the technology and believed in the long term might have been able to hold on.  It seems to me that those who are buying Bitcoin now are not completely late but in a sense they are still medium early. Because no one can say for sure where the price of Bitcoin will go in the next 10 years. But it will not decrease, that is for sure.

[Wind_FURY]

To be honest if you or I had known about Bitcoin back then, we would have probably sold it for a small profit. Because back then almost no one could have imagined that one day the price of Bitcoin would go so far. Only those who had a good understanding of the technology and believed in the long term might have been able to hold on.  It seems to me that those who are buying Bitcoin now are not completely late but in a sense they are still medium early. Because no one can say for sure where the price of Bitcoin will go in the next 10 years. But it will not decrease, that is for sure.

I believe that that's what actually is dissuading many plebs like us from investing in Bitcoin. Their main reason is their capital is "too small" to make a large amount of profit like those very early investors during 2011/2012. What many of them do is look for low market value shitcoins and HOPE that they will surge exponentially.

They would choose a a very low probability high-risk/high-reward shitcoin before choosing Bitcoin.

     ¯\_(ツ)_/¯

[justdimin]

The majority of the early owners of Bitcoin either mined it or got it through giveaways. It was easy for them to lose access to their wallet because they didn't take the coin seriously since it was strange and also easy to get.

I was one of those people, did not mine 1 full bitcoin, but the days when I joined bitcoin, you were still capable of mining with your gpu, it was that early and difficulty wasn't high. People with gpu racks would mine all day and had mining operations and were making tens of bitcoins per day.

That's the difference, I was just lucky, they were smart. I was lucky because I found something interesting online, and I saw that if I left my pc open while I sleep (which now I know hurts your gpu to be that heated all the time) then I could make money. Not like I would be rich, but could get some couple bucks to get a game.

[Cryptoprincess101]

Many investors today who has made huge profits from their investments didn't necessarily made it by being early on whatever they had invested or went into. I think most people learned from the mistakes of those that had earlier taking the risk of early investing into an asset and through some mistakes or bad decisions lost out. Take bitcoin for instance, not really all those guys that bought bitcoin in the very early days still holds bitcoin today , some sold it too quick when it got from $1 to $100. Those who later saw their mistake are the ones holding it till date as the whales.

From my own experience about investment on cryptocurrency, those early investors did not actually sell their bitcoins, like a big number of them because why will anyone sell an asset that didn't have any potential value during the early years within 2009 and 2010 because the highest price it got then was around $0.39. Many investors who invested in bitcoin during its early days mostly forgot their public address and their private keys which made it difficult to access their wallets. Many users have complained that they lost their private keys containing some amount of bitcoins since early 2010 so it was just carelessness, negligence and not having confidence in bitcoin that made many people to lose their bitcoins.
    Let's take for example; those telegram crypto games that people were mining and tapping about a couple of years ago, do you know that some people were allocated huge airdrops but since it didn't worth anything a lot of people left it on their TON addresses and have even lost the seed phrases to those wallets, so imagine if one of those crypto tokens skyrocket so high in the future don't you know that a lot of people will start searching for their seed phrases, so that was exactly what happened to Bitcoin in those early days.

[Nwada001]

To be honest if you or I had known about Bitcoin back then, we would have probably sold it for a small profit. Because back then almost no one could have imagined that one day the price of Bitcoin would go so far. Only those who had a good understanding of the technology and believed in the long term might have been able to hold on.  It seems to me that those who are buying Bitcoin now are not completely late but in a sense they are still medium early. Because no one can say for sure where the price of Bitcoin will go in the next 10 years. But it will not decrease, that is for sure.

You can’t be too sure about all of us selling from them till now, but the majority could have sold to some people who are good at holding and keeping things even when they don’t understand; they could have also held till maybe last year before selling, while some could have emptied their wallet and some fell under losing access to it. We all can do the same thing even if we join at the same time since we all have different ways of viewing things.

[Zy_sat]

Many investors today who has made huge profits from their investments didn't necessarily made it by being early on whatever they had invested or went into. I think most people learned from the mistakes of those that had earlier taking the risk of early investing into an asset and through some mistakes or bad decisions lost out. Take bitcoin for instance, not really all those guys that bought bitcoin in the very early days still holds bitcoin today , some sold it too quick when it got from $1 to $100. Those who later saw their mistake are the ones holding it till date as the whales.

The bolded part of your post actually STRENGTHENS the argument that people who have invested in Bitcoin, or those who want to invest in it, SHOULD learn and have a basic understanding of the network. How it works, why it works, and most importantly the Game Theory behind what makes everything stick together.

HODL your Bitcoin to a SEVEN DIGIT price valuation.

 

Actually, for me, there is always a good decision to start buying BTC as early as possible. This economic game is making a long term temptation, but it is not match for them who has impatient personality. As many moment we will seen the BTC will grow and going drop, that is mentally challenging for the investors, so your luck is stake on that moment. As the investors of BTC we need to strengthened each other to make us smarter and more wisely making decisions in every move.

Correct, BTC is a long term investment so we better hodl until the time when it shines and calculates well during the drop. Gaining your knowledge on this BTC game, then you will find your luck. Lucky is not the thing suddenly happen, we can make our own luck in life.

[alastantiger]

To be honest if you or I had known about Bitcoin back then, we would have probably sold it for a small profit. Because back then almost no one could have imagined that one day the price of Bitcoin would go so far. Only those who had a good understanding of the technology and believed in the long term might have been able to hold on.  It seems to me that those who are buying Bitcoin now are not completely late but in a sense they are still medium early. Because no one can say for sure where the price of Bitcoin will go in the next 10 years. But it will not decrease, that is for sure.

Even the guy that sold his Bitcoin for pizza did not hold that bitcoin and would be regretting today, many of us would have sold our Bitcoin for something else if we were early and now we will be regretting so let us not act like those that were early were just lucky as they were not lucky but they held on to their Bitcoin and are profiting right now as the price is very high. There are some people that got into Bitcoin in 2015 but are no longer having any Bitcoin right now, this people were not early but still they did not see the future that Bitcoin will get to more than $100,000 one day. It is not about being early but it is about having the patience to hold on to Bitcoin because if you can have that patience then you can make profit in the future since it isn't still late to invest into Bitcoin and wait for the future to reward you.

[fullfitlarry]

To be honest if you or I had known about Bitcoin back then, we would have probably sold it for a small profit. Because back then almost no one could have imagined that one day the price of Bitcoin would go so far. Only those who had a good understanding of the technology and believed in the long term might have been able to hold on.  It seems to me that those who are buying Bitcoin now are not completely late but in a sense they are still medium early. Because no one can say for sure where the price of Bitcoin will go in the next 10 years. But it will not decrease, that is for sure.

Right, there was even one famous tweet who said that, sold Bitcoin when it reaches $30.00 as he made some profits. But definitely, we don't know what the future holds, so that time he made his decision base on the current circumstances.

Although we can still buy Bitcoin today and make a ton of profits in the future. But it will take a lot of capital to do that and then totally oblivious on the next 10 years or so and not think about it until such time that we are about to sell it.

[348Judah]

Very possible that you are there early and lose out the opportunity of making it, some opportunity is not by early arrival but our determination to take advantage of them and the luck we may have as well, this is why not all early adopters of Bitcoin are able to make kids to fortune by now because some had it earlier and hold bitcoin but later sold it, why is some came in lately and take advantage of the opportunity to maximize their potential in it to make profits, this is why it is not by how far but how well.

[imthegreat]

Therefore, what separated those who were merely early from those who ultimately benefited from bitcoin is conviction and patient imo, because it is easy for anyone to buy an asset when nobody is paying attention to it, but it is much harder to hold it through market crashes, negative media coverage, government criticism and years of uncertainty. Feel free to give your two cents on this discussion.

Everything is absolutely correct. And among my circle of cryptocurrency enthusiasts, there's an unspoken rule: if someone asks about crypto once, I tell them about it, but I don't try to convince them to invest. If they say it's a Ponzi scheme, I ask them to learn about blockchain, because it's as easy as torrents. But if they continue to spout nonsense about it, I don't try to convince them otherwise. The point is that cryptocurrency enthusiasts need to become voluntarily involved. Learn on their own initiative, not because someone forced them to. That's why there are so few of us here. Those who are too lazy to think clearly should continue to believe in a centralized banking system, which I believe is the only financial solution in the world.