In March 2011 I bought a 100 #BTC at a price of 1 BTC = $1. Yes, I owned 100 Bitcoins.
In the country I was living then people thought I'm crazy, asking me "How can you buy something that you can't actually see, can't put in the pocket", etc. Not one person ever told me I did a good thing. People there are sceptical about cryptocurrencies even now; imagine back then. I myself did not know much about it, I only had a hunch. For me, it was kind of logical that it will be the future, weather others agreed with it or not.
For the next few months I was listening them saying they would never do such a crazy thing. Summer came, I was doing other things, forgot about the Bitcoin and not once checked my wallet. Though I had a nice summer time, it was September when I found out that the price of Bitcoin reached about $30 in June. It was a slap in my face, instead of a slap to those who were saying I'm crazy.
And then the panic started. I was checking my wallet often, hoping and waiting for the price to increase again, but it was only dropping. I watched it falling to $2, and decided to sell it if it gets to $1. It was like I reluctantly agreed that others were right.
What happened is that the price didn't drop to $1, but slightly rise to $4.5 and then I sold it. It was the end of 2011 and me as an owner of 100 Bitcoins.
Though I did earn something, it was nothing compared to the price of bitcoin in June, and one huge nothing compared to the price of it in this 2024.
Yes, I could have been a millionaire by now. And this is why I'm not:
- I told others (who knew nothing about it, and had no intention to learn) what I did
- I knew nothing about it
- I started panicking at the first price drop
- I was letting other opinions to influence my opinion
- I sold it too early, like there's no years after 2011
It was The Lesson of my life and I learned it the hard way. But you don't have to.
All you need to do is to trust yourself, to listen your first thought, your guts feeling, and not question it.
Let me repeat that...
LISTEN TO YOUR GUTS ❗❗❗