Some people were smart 10 years ago, some were not...

[Lucius]

10 years ago a man appeared on a TV program in the US and boldly said that 1 BTC will be worth at least $10 000 in the next 3 years. Many laughed at him and looked at him strangely after that, but the man always had a nose for such things and was actually right.

Around the same time, one of the most famous investors in the US declared that Bitcoin is "mirage", and a few years later he stated that BTC is “probably rat poison squared”.

What is the lesson of the story? Sometimes you should not blindly listen to those who are "successful", but to those who are perhaps a little less successful, but always follow new technologies and understand their potential.

Fortunately, in 2014 I didn't listen to Warren Buffett but to Tim Draper

[philipma1957]

Yeah I made money but I did not believe in BTC until Dec 2017.

I could have done worse but I could have done better.

[salad daging]

10 years ago I didn't know bitcoin, maybe when I first heard it, I still doubted that bitcoin would rise like now. Lol

10 years ago bitcoin was doubted a lot and even viewed this coin as garbage they said it would not be as valuable as it is now, we know some well-known US investors always say bitcoin will fail but they are now bitcoin investors.

At least I've felt how bitcoin in 2021 is a sizable profit.

[Aanuoluwatofunmi]

As for the category of those we may referred to as not being smart enough in taking opportunities, they are the type that doesn't like taking risk as well in uncertain circumstances, in life, if we must make it, then we must be ready to first loose it, if many had actually known that bitcoin would have turned to this big today, many a lot of them would have invested and hold till date, same applies to other investment, we must be ready to take risk on investing in them.

[MrSpasybo]

Yeah I made money but I did not believe in BTC until Dec 2017.

I could have done worse but I could have done better.

Yeah, me too. I was learning C++ and heard about BTC in 2012 and mocked it, I was even quite happy to think that BTC was dead after the collapse of MT.Gox in 2014. I only really entered the crypto market in 2017 when ICO wave opened a big door for blockchain to enter the technology market. It's sad that blockchain still can't succeed like crypto and the promises of those ICO-projects are just scams. I was wrong to believe in unrealistic things and ignore the value of BTC in the crypto market and in the economy.

Anyway, it's also great that I'm still in this crypto market, making a little profit and becoming one of the early crypto supporters. I think that 10 years from now I will not regret spending so much time on BTC and crypto in the early stages of crypto market.

[SmartGold01]

Most people so much criticize things they have no idea about of, sincerely most people don't know anything about bitcoin and since they don't understand the technology they don't mind also soiling the heart of other people to entirely erased everything about what they don't know of, that is why most times it's good to blindly do some random investment to secure cool space when it might have gotten to a better phase.

[vegasus]

2014. I didn't even know about Bitcoin at that time. In that year, I was just getting to know about online jobs that earn money with Adsense, by creating a website or YouTube and then managing it, then earning money from Adsense.

Even though at that time he was already familiar with the online world, there was absolutely no sign of news about Bitcoin. Ha ha

If I were in their position at that time, who in fact didn't know what Bitcoin was, then maybe I would have done the same thing, would have smiled and been amazed. What is Bitcoin, and maybe even when I watched the news at that time, I might have just skipped it, because in my mindset at that time, investment was always expensive, so it didn't seem like my world.

Unfortunately, I only learned about Bitcoin and its value in 2017 or 2018, when I saw someone who was just at home and became very successful thanks to Bitcoin.

[UNIVERSE]

I just know Bitcoin in 2018, so I don't know about Bitcoin in 2014-2015. If there is a person who said Bitcoin to $10k at that time, I may not trust him as well. Many people who don't believe it because people have no knowledge about Bitcoin. People more often heard about the negative side on Bitcoin. So, people become pessimistic if there is someone who stated something too big about Bitcoin. However, it is interesting that the person knows Bitcoin to be $10k in the next 3 years. Does he count it based on the 4 years cycle?

[Z-tight]

You are correct, i am not one of BTC's early adopters, but i am glad that i took interest in it when i found out about it, there are so many people that were misled by the media about BTC, and they lost interest without even trying to find out things by themselves. I am glad and thankful that Satoshi created something like BTC, and it can only get better for bitcoiners.

[Baofeng]

Same here, I knew Bitcoin around 2014 because I do freelance work that time and it always pop up in my feed and obviously it was quite cheap that time and never listen to what I saw or read until 2017 (I think majority did joined around that time frame).

So yeah there's a lot of lessons to be learn not just in crypto, but in life in general. We don't know that the future holds, maybe there are some smart people that advise us, but still depends on our decision on which path we wanted to, if we listen to them, then if might be the wrong path for us. But if we go and make our own decision and not that "what if", we could be successful as well.

[bitterguy28]

10 years ago a man appeared on a TV program in the US and boldly said that 1 BTC will be worth at least $10 000 in the next 3 years. Many laughed at him and looked at him strangely after that, but the man always had a nose for such things and was actually right.

Around the same time, one of the most famous investors in the US declared that Bitcoin is "mirage", and a few years later he stated that BTC is “probably rat poison squared”.

What is the lesson of the story? Sometimes you should not blindly listen to those who are "successful", but to those who are perhaps a little less successful, but always follow new technologies and understand their potential.

Fortunately, in 2014 I didn't listen to Warren Buffett but to Tim Draper

So your story/thread here is base on your own experience and indeed that you are the one that is not so smart back then ,but surely now you are not just smart but also have a guts in investing your funds

[Jamal Aezaz]

Actually people are not aware of the future and nobody knows what will happen in the future but I think if we have missed the chance in the past then we should not regret it because we are alive and we can take benefit from current situations.

There is no fault of those people who did not believe in the success of Bitcoin because at that time Bitcoin was not such a successful coin like that today. But those who are missing the chance to invest in Bitcoin now will totally be wrong because everything they are seeing with their own eyes so they should not skip its advantages if they have money.

[Lucius]

So your story/thread here is base on your own experience and indeed that you are the one that is not so smart back then ,but surely now you are not just smart but also have a guts in investing your funds

You got it all wrong - didn't I make it clear that I listened to a man who believed in Bitcoin as opposed to the one who called it a "mirage"? I guess that should put me in the smart category, even though I earned my first BTC through faucets, and invested only in 2015 when the price was just a little less than $200.


By the way, why did you quote the entire post - do you think that makes sense?

[bitbit97]

And there are some who still does not believe in crypto. Think it is sort of a virtual money. Or think that cryptocurrency only usage is helping criminals to launder money. Or believe that all crypto is Ponzi. Some still resist to learn about crypto, thinking it is just a hype that will disappear in near future. When there are some people who still believe that crypto is easy money. People are different, but many are lazy to turn on their brain, and prefer to trust everything they see and hear.

[robelneo]

I believed in Bitcoin right away after my first transaction and after reading why and how it was created but I was too late I registered on Bitcointalk 2013 but it took me 3 years after my first transactions like me so many of us only believe if it becomes popular and understand the technology behind Bitcoin
You know Bitcoin has the potential for huge profit but you're still looking for something new that is very similar to Bitcoin and wants to be an early bird.