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

[taufik123]

-snip-
We as investors who may have experienced several 4 year cycles see that this is something that is normal, because usually whales always play with market prices.

Whales always have a way to play the market, they always aim to multiply their profits by taking advantage of the unstable market conditions and then the price drops too drastically, there will be many beginner investors who panic and sell cheaply.

Those who have never gone through a once-in-a-4-year cycle with extreme declines will simply give up on this bear market, but for me this is normal and there is no need to panic.

Now it is only necessary to make a purchase when the price is very cheap, thinking like a whale without going against the trend they are making.
When the bulls arrive, we will get more profits as long as we can take advantage of this moment of decline.

[nakamura12]

Bitcoin's price is really unpredictable. People should not let others to judge what a person wants either they invest in crypto or not. I think the problem is not in crypto but from those people who did not believe in bitcoin that's why they laugh at someone who predict something in bitcoin like the one who predicted that bitcoin will be $10000 in the next 3 years. Let's put it this way where the smart ones are the ones who believe in bitcoin and those who are not smart are the ones who didn't believe in bitcoin.

[JunaidAzizi]

Not many people understand the benefits obtained from Bitcoin well. But for those who already understand Bitcoin price movements, it will be easy to make a profit as you say. When Bitcoin was first launched, many people underestimated its development. But when the price of Bitcoin is this expensive, more and more people are curious and get into Bitcoin, but it is too late because the current price of Bitcoin is too expensive to buy.

In this digital and fast-paced era, I still see many people who are not ready to trust Bitcoin. In their minds, Bitcoin will steal your income; it's nothing but a scammy coin. I can't understand how their minds were trained or brainwashed as they did not listen and won't read to accept the reality that Bitcoin is now the most trusted currency which supports your backbone and won't let you down on your knees. We know Bitcoin's price will never stop and will move upward with time, so I still want them to accept Bitcoin and make some investment before it's too late because in the coming time, it will be very hard to invest.

[SamReomo]

Bitcoin's price is really unpredictable.

It's somewhat predictable if you're part of the market since 2016 or earlier because most of those people who invested in Bitcoin already predicted that one day Bitcoin will cross $17k and form a new ATH and then others who saw ATH of around $69k predicted that Bitcoin will cross that value and form a new ATH and that thing happened a few months ago. The ones who believe in Bitcoin often come with positive predictions and to be honest, most of those predictions happen in actual.

[Aanuoluwatofunmi]

This is all about those who were able and eager of taking risk, because that same 10 years back, we have many other investments as well in which people are promoting online that we should invest and same comes with many altcoins as well in cryptocurrency, so.e invested and make profit while some make losses, but bitcoin is such an investment we will always be profitable in it and those who took their time in taking the risk for it now enjoys the benefits.

[doc]

This is all about those who were able and eager of taking risk, because that same 10 years back, we have many other investments as well in which people are promoting online that we should invest and same comes with many altcoins as well in cryptocurrency, so.e invested and make profit while some make losses, but bitcoin is such an investment we will always be profitable in it and those who took their time in taking the risk for it now enjoys the benefits.

10 years ago bitcoin was not yet well known and there was a lot of negative news about bitcoin which made people worried about investing in bitcoin. At that time I also didn't dare to take a big risk, just buying a little BTC, but sold it when it went up. If we had a lot of free funds, maybe we would have bought large amounts of bitcoin 10 years ago.

[giammangiato]

10 years ago bitcoin was not yet well known and there was a lot of negative news about bitcoin which made people worried about investing in bitcoin. At that time I also didn't dare to take a big risk, just buying a little BTC, but sold it when it went up. If we had a lot of free funds, maybe we would have bought large amounts of bitcoin 10 years ago.

Thats right, investing in bitcoin 10 years ago could have been done if you were a visionary who understood the direction of bitcoin or a madman who loves risk and obviously had luck in betting on the right horse.  I am not saying this out of envy, in life you also need luck, sometimes the train knocks on your door and you dont open it, other times you understand it.

[doc]

10 years ago bitcoin was not yet well known and there was a lot of negative news about bitcoin which made people worried about investing in bitcoin. At that time I also didn't dare to take a big risk, just buying a little BTC, but sold it when it went up. If we had a lot of free funds, maybe we would have bought large amounts of bitcoin 10 years ago.

Thats right, investing in bitcoin 10 years ago could have been done if you were a visionary who understood the direction of bitcoin or a madman who loves risk and obviously had luck in betting on the right horse.  I am not saying this out of envy, in life you also need luck, sometimes the train knocks on your door and you dont open it, other times you understand it.

lucky for them, a visionary who understood the direction of bitcoin, because they have invested in bitcoin and got big profits if they had invested in bitcoin 10 years ago, they are truly lucky people. Maybe we are not jealous, but regret must be in our hearts, why didn't we do it first.

[giammangiato]

lucky for them, a visionary who understood the direction of bitcoin, because they have invested in bitcoin and got big profits if they had invested in bitcoin 10 years ago, they are truly lucky people. Maybe we are not jealous, but regret must be in our hearts, why didn't we do it first.

But me shouldnt be jealous at all, I am not jealous.  It was just to point out that life is often a matter of luck, being in the right place at the right time.  Clearly you must also have the intuition to take this fortune immediately and not let it pass away. Not easy at all, but luck is needed. I hope have some luck in future.

[Lucius]

10 years ago bitcoin was not yet well known and there was a lot of negative news about bitcoin which made people worried about investing in bitcoin. At that time I also didn't dare to take a big risk, just buying a little BTC, but sold it when it went up. If we had a lot of free funds, maybe we would have bought large amounts of bitcoin 10 years ago.

People knew about BTC back then, but I don't think they were too interested in it because the price was too low compared to today, and besides, if you were one of those who listened to what people like Buffett said (and he is rich and influential man) then you must have been completely discouraged when it came to BTC.

There are negative news even today, every now and then someone writes an article that BTC is dead (for who knows how many times), but people have seen that Bitcoin has the potential to increase its price many times and that attracts them the most.

Of course, some people appreciate BTC as a currency, especially in countries where access to banks is difficult, or where corruption is so widespread that you simply cannot trust anyone with your money.

[UNIVERSE]

10 years ago bitcoin was not yet well known and there was a lot of negative news about bitcoin which made people worried about investing in bitcoin. At that time I also didn't dare to take a big risk, just buying a little BTC, but sold it when it went up. If we had a lot of free funds, maybe we would have bought large amounts of bitcoin 10 years ago.

Yes, people were afraid to join Bitcoin investment because there were too many negative news about Bitcoin. If I know Bitcoin 10 years ago, I also will doubt it and probably won't invest in Bitcoin. Even I have the intention to buy the Bitcoin, I must buy a very small number of Bitcoin. It is normal that people won't take a risk on the investment that they really don't know. Moreover, Bitcoin is unpredictable and has a too high volatility.

[EluguHcman]

But this is about where story would have your fund invested so you just have to follow those on the same category of what works for you. So it is not about following the visionary people because you literally do not know who has clear vision and who does not. Especially when it comes to digital technology like crypto currency on a decentralized motive.

This is even why til date it become understandable that those criticizing Bitcoin are not to be blamed because Bitcoin is only exposed to anyone to adopt it and not really mean that everyone can adopt it.

Atleast given that rich man a benefit of doubt he is rich without investing on Bitcoin but yet the average man that had the vision about Bitcoin becoming a valuable asset was still right about valuability of Bitcoin in a nearest future.
We just have to give such vision a try if we can afford it and not really that we trusted them and that is exactly what is happening to Bitcoin even til date.

Its users do not really trust it from the beginning but giving it a try until the system proves itself to them about its reputations and potentials.

[Captain Corporate]

If you missed your chance to be smart 10 years ago, at least do not miss your chance to be smart now. Its clear that a lot of people will not be buying even right now, when they should be buying. Thats an issue in the crypto world, if you know what you are doing, then you should not be worried about it at all. I personally try to buy as much as I can afford to, my finances are not great at the moment but its getting better, in a few months I will be back on being debtless (hopefully) and then I will keep on buying more. Yes we can't make money like the people from 10 years ago did, but at least we can make some profit.

[Z-tight]

but bitcoin is such an investment we will always be profitable in it and those who took their time in taking the risk for it now enjoys the benefits.

So many early investors didn't even see BTC as an investment opportunity, i say so because it wasn't worth anything then, they just believed in the BTC network and what it could offer in terms of financial freedom. But it is also great that some of them held their BTC's and were able to earn well from it when it was then worth something much later on.

[JunaidAzizi]

If you missed your chance to be smart 10 years ago, at least do not miss your chance to be smart now. Its clear that a lot of people will not be buying even right now, when they should be buying. Thats an issue in the crypto world, if you know what you are doing, then you should not be worried about it at all. I personally try to buy as much as I can afford to, my finances are not great at the moment but its getting better, in a few months I will be back on being debtless (hopefully) and then I will keep on buying more. Yes we can't make money like the people from 10 years ago did, but at least we can make some profit.

The world is full of foolish and stupid people; they missed a chance some years ago, but to worry about their foolish act, they are still missing the opportunity to be a part of Bitcoin. Bitcoin has a vast future; people will use it in their daily life as a currency, and at that time, they will be so regretful that they will not afford Bitcoin. So, instead of regretting, it is better to read and do some research on Bitcoin and be a part of this.

Well, it's a good thing that you will soon be debtless, and I am very happy for you because this debt did not move a person ahead and broke their backbone. So make sure that you will not fall into this trap.