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

[SmartGold01]

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.

Yes that is it then if they knew it would worth something cherishable this way there isn't a day they could have risk to sell their investment rather was using it to test around the network and becoming more friendly to the network.
That is why we see lot of people regret when they had the chance to hold they could did it but ends up selling them at very cheap price when it wasn't upto 200$ per bitcoin.

[TomPluz]

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.

The big lesson I am learning here is that we are all human beings no matter how successful, authoritative and experienced a person is he can still be wrong. We can all be wrong...and many times some people we scorned for saying something we don't agree may end up the one who is correct. In this case, Tim Drapper is so right while Warren Buffet is so wrong. Lucky are those people who listened to Tim's advice and held on to his Bitcoin for the past many years. Imagine 10 years ago people were shocked to listen to someone saying that BTC can be as high as $10K...and jumping to the present day it is now even at more than $60K and with big potential for more on the offing. However, we should also understand that the market can be so full of predictions of this and that and it can be so crazy to listen to all of them and invest with the suggestions...so we could not really blame many people who failed to believe and seize the moment with Bitcoin at the right time.

[Dr.Bitcoin_Strange]

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.

Yeah you are correct it will only get better, a lot of people missed out 10 years ago and has been regretting till date, but one should not be in that regret again because Bitcoin has not grown to it's peak and it has not even reached half of it's growth limit so we still have a lot of opportunity and time to engage in Bitcoin and make it big.
Some people feels is too late to engage in Bitcoin and this thinking will also lead to regret 6 or 10 years to come, Bitcoin investment will keep growing bigger and better and is wrong to think Bitcoin won't grow anymore.

And you are right when you say a lot of people were mislead my social media I know of someone that already started accumulating Bitcoin but later stopped because he saw a post on Facebook that Bitcoin will fall very soon and will never rise and he sold out all his Bitcoin investment without making a reasonable gain till date his regretting his actions.

Everything that has happened in the past should not affect your present, there's still time to start and no need to rush because Bitcoin still has a long way to go, start accumulating using the DCA strategy or any strategy you feel will be more convenient for you and you will grow and gain in profit.

[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.

The big lesson I am learning here is that we are all human beings no matter how successful, authoritative and experienced a person is he can still be wrong. We can all be wrong...and many times some people we scorned for saying something we don't agree may end up the one who is correct. In this case, Tim Drapper is so right while Warren Buffet is so wrong. Lucky are those people who listened to Tim's advice and held on to his Bitcoin for the past many years. Imagine 10 years ago people were shocked to listen to someone saying that BTC can be as high as $10K...and jumping to the present day it is now even at more than $60K and with big potential for more on the offing. However, we should also understand that the market can be so full of predictions of this and that and it can be so crazy to listen to all of them and invest with the suggestions...so we could not really blame many people who failed to believe and seize the moment with Bitcoin at the right time.

You see, even today Tim is right, and Buffett is still wrong and has considerable influence on all those who consider him one of the greatest in what he does. Tim could have kept quiet and invested in BTC and no one would have blamed him for that, but he still shared his opinion with everyone else - while Buffett was leading people astray, as he still does today with his statements.

I already wrote that being influential in society does not necessarily mean that someone is smart or has no bad intentions.

[Asiska02]

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.

Bitcoin came like a play to be honest and no many people were convinced that it was going to be worth what it is today. 10 years after, bitcoin was already gaining waves and many still doubted it won’t exceed there and cannot get better. After like three bitcoin cycles, it was already evident that bitcoin is going to the moon. Only the government people will never want to publicly show interest in bitcoin, but it is clear to them also that bitcoin will be worth many more dollars in the future without an exact prediction of how many it’s going to be. Like you said, it can only get better for bitcoiners.

[Jamal Aezaz]

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.

Every prediction of pump becomes true but not immediately so if someone has a target to sell his coins then it is necessary to wait for longer time as the target can achieve in weeks, months or even years. When Bitcoin had not touched 73k$ then people were thinking about a target less than 100k$ but with the passage of time their target value became increasing.

I think an individual should not just wait for a new ATH but selling before attaining ATH is also good if the price is higher than the buying price because here we are investing for making profit so such little profit regularly will make our financial system better one day.

[rizqillah]

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.

Bitcoin came like a play to be honest and no many people were convinced that it was going to be worth what it is today. 10 years after, bitcoin was already gaining waves and many still doubted it won’t exceed there and cannot get better. After like three bitcoin cycles, it was already evident that bitcoin is going to the moon. Only the government people will never want to publicly show interest in bitcoin, but it is clear to them also that bitcoin will be worth many more dollars in the future without an exact prediction of how many it’s going to be. Like you said, it can only get better for bitcoiners.

I remember the early days when bitcoin was launched, many people doubted it. Some even said it was a scam, and many countries' governments blocked it. The price of bitcoin was very cheap at that time, we could even get it for free from faucets. As time went by, the price of bitcoin became expensive and now we all see it. There is regret in my heart, why didn't I buy a lot at that time even when I got it for free after it started to become valuable I sold it. If I had held on until now, maybe I could have been rich, that's life.

[Dr.Bitcoin_Strange]

Yeah, 10 years ago some people had the opportunity to invest in Bitcoin but they didn't, they never believed in Bitcoin some were saying Bitcoin was a scam some even said Bitcoin will never grow or become valuable so they didn't invest why some took the investment in Bitcoin serious they just decided to try it since there's no harm in trying and now they are very happy they tried out because Bitcoin has grown so big in value and price.
Some people are so good in doubting they will never try something out they will only doubt and they always regret at last, I know some people who had the opportunity to invest in Bitcoin 5 years ago but didn't because they see Bitcoin as a scam and that Bitcoin will fall in price very soon but today they are regretting.
Those that didn't take the opportunity of investing in Bitcoin 10 years ago can still start now, but some of them still feel Bitcoin has stopped in it's growth they still don't believe Bitcoin will increase in price again or go more than $100k.
If you go through the history of Bitcoin growth you will know Bitcoin is met for greatness, Bitcoin has not reached half of it's growth level so if you start investing in Bitcoin now in the next 5 to 8 years you will make huge profit, Bitcoin will reach $500k and even more so no need to give up start today and become patient and consistent and you will succeed.

[bitbit97]

But people are way to much suspicious and scary. They rarely trust history. If something appears today, that will repeat the success of Bitcoin during its 10 years period, little will buy or invest in it. People were not smart 10 years, but rather brave. If you tell someone, that m&m candies would cost 100x times more than today, no one would believe in it and buy it for store in freezer.

[dekafee79]

But people are way to much suspicious and scary. They rarely trust history. If something appears today, that will repeat the success of Bitcoin during its 10 years period, little will buy or invest in it. People were not smart 10 years, but rather brave. If you tell someone, that m&m candies would cost 100x times more than today, no one would believe in it and buy it for store in freezer.

I think it is human if people have fear and are considered unintelligent 10 years ago because when bitcoin was launched many negative issues attacked bitcoin even governments in many countries also rejected it. You are right, it took courage to buy and hold it at that time. Unfortunately I was not part of the brave people, because at that time I was still in doubt.

[kai]

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

It sounds like yesterday afternoon but in fact Bitcoin has been predicted for a long time, even 10 years ago that Bitcoin would increase in price to $ 10,000.
At that time I might still be out of reach of the computer and did not know the story of Bitcoin, unfortunately I only got to know Bitcoin recently because the Bitcoin factor reached 1 Billion IDR (Indonesian Rupiah).

Maybe if I had known Bitcoin in 2013, at least I would have set aside 10 Bitcoin in my wallet for the long term and there was no need to sell or release Bitcoin from my hands.

[nakmantu99]

But people are way to much suspicious and scary. They rarely trust history. If something appears today, that will repeat the success of Bitcoin during its 10 years period, little will buy or invest in it. People were not smart 10 years, but rather brave. If you tell someone, that m&m candies would cost 100x times more than today, no one would believe in it and buy it for store in freezer.

I think it is human if people have fear and are considered unintelligent 10 years ago because when bitcoin was launched many negative issues attacked bitcoin even governments in many countries also rejected it. You are right, it took courage to buy and hold it at that time. Unfortunately I was not part of the brave people, because at that time I was still in doubt.

I got to know bitcoin when the price was already expensive, not when bitcoin was first launched. Maybe if I had known it earlier I could have bought bitcoin at a cheap price, unfortunately the information to me about crypto especially bitcoin came too late so that when I got to know it the price of bitcoin was already high. Maybe I was not part of the smart people 10 years ago, but part of the people who were late to know bitcoin.

[Vision pro]

I am surprised to read your post because back in 2008-9 when bitcoin was barely there nobody knew about bitcoin.  No one believed in it because it did not exist.  But shatashinakamoto knew what it could be. Your story teaches a wonderful lesson that relying entirely on conventional wisdom or the opinions of famous people is not always the right way to go.  Especially when it comes to new technologies and emerging trends, it's important to listen to bold and visionary people, because they often understand the potential of new ideas in advance. Investors like Warren Buffett can be very successful in traditional financial markets, but their vision of new and innovative technologies can be limited.  can  On the other hand, people like Tim Draper, who saw the potential of cryptocurrencies, came up with a vision that was riskier but later proved extremely profitable.

[vegasus]

Smart + believe + lucky.
Yes, because not all smart people at that time really believed in Bitcoin. Even until now, many smart people still deny and are not interested or do not believe in Bitcoin. That is why, more than those who believe in Bitcoin, they are also covered with various fortunes so that they can really be strong to fight from the beginning with Bitcoin. They are the highest believer of Bitcoin. Because if I personally could not have been like that at that time.

[bitterguy28]

Yes, because not all smart people at that time really believed in Bitcoin. Even until now, many smart people still deny and are not interested or do not believe in Bitcoin.

are they really smart if they do not see the potential of bitcoin? lol

there’s money in bitcoin and if you know how to maximize its potential surely you will receive good results in this economy, you should know better than avoid any opportunity for income

They are the highest believer of Bitcoin. Because if I personally could not have been like that at that time.

i understand that during the early times it might have been hard to believe but not if you are still not a believer of bitcoin then there is nothing convincing you the opportunity proposes itself in front of you all you need to do is take it