Post
Topic
Board Bitcoin Discussion
Re: Why I Disliked Bitcoin
by
JohnBitCo
on 08/12/2022, 19:55:59 UTC
I've known Bitcoin since 2012 but started using it in 2019, though it was still for payments (funding and withdrawal) of online Forex trading, nothing more because I was careful to deal with something that might aid illegality. I later discovered that I was naive at that time, the latest development/revolution in Bitcoin made me ever feel bad and I had lost a lot of opportunities in the past to this.

The lesson learned was that it is better to move closer to what is new to us than to be condemning it from afar. Can you imagine that despite having enough money to invest in the cryptocurrency between 2019 -2021, I was adamant that I wouldn't because I believed Bitcoin aids legalities like trafficking, money laundering, terrorism, activities of drug barons, and many more. I forgot to think that as it has its advantages, it also has its disadvantages, no system works perfectly.

Thanks to the present-day awareness, development and regulations that make it clear that Bitcoin is not as porous as I thought. 95% of my only transactions are now crypto-based.


I love to read your stories about Bitcoin adoption too!

I actually know what the pain is when you miss the train. I first heard about Bitcoin in 2010. Back then I was too naive as I did not bothered to investigate about it and promptly dismissed it due to thinking it was all but a scam. That was a big mistake as later in 2013 I got in and it was late... I ended up missing some good deals to it.

Miss the train, not anymore. Bitcoin was at 68,000$ last year but now it is trading at 17K. So even if anyone missed the previous rally, he or she can still invest in bitcoin. There is no excuse for anyone now that he missed the train. Buy bitcoin now at 17K and you are still in business.  Cool