Bitcoin Forum
August 09, 2026, 10:04:36 PM *
News: COLDCARD users only: critical vulnerability risks funds stored on COLDCARD devices; immediate action required
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 [7]  All
  Print  
Author Topic: When Losing Bitcoin Feels Like Losing More Than Just Money.  (Read 871 times)
Ab de villiers
Full Member
***
Offline

Activity: 490
Merit: 176



View Profile
Today at 07:43:12 PM
 #121

Seriously having to lose the sum 2  BTC It a very painful thing, but checking out again the painful part and biggest lost is having wait for 8 good years of discipline and patience. Having to hold Bitcoin for that long, passing through market crashes and still keeping conviction.

That why we shouldn't treat Bitcoin security as something that we can deal with later, not only knowing that accumulating is important but also having to understand that having to protect what we are accumulating is very important too.
When the price of Bitcoin drops a little, we get scared and the person loses 2 Bitcoins for which he worked hard and patiently for so long and later he does not get anything for it. Of course, this is a very bad shock for him. It is like someone who bought a lot of Bitcoins and later forgot the password of his wallet and till now he could not get his Bitcoin back. Although he should try and accumulate Bitcoin once again because the price is down and if he does DCA slowly, he can accumulate 1 Bitcoin by next year, but this has taught him a lesson that any important asset or money should be protected and his mind should be sharp for it.
The way people are losing Bitcoin is quite sad but this is a good lesson for everyone. Some people have invested for so many years, they should also protect themselves from such mistakes.  In fact, the sad thing is that accumulated Bitcoin little by little for 8 years, and when it came time to take profit from it, Bitcoin was not available.

Pages: « 1 2 3 4 5 6 [7]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!