And the OP was outlived by bitcoin, Lol, he is no longer active in this community but the thread he started though is crazy. I think majority of us here, their lives has change since they began investing on bitcoin and there could be more millionaires now, again thanks to the invention of Satoshi.
But I still think some of us are still in the journey, trying to live the lives that we all dream of and this could be accomplished through bitcoin. So it's not late to invest and think 10 years in the future.
But I still think some of us are still in the journey, trying to live the lives that we all dream of and this could be accomplished through bitcoin. So it's not late to invest and think 10 years in the future.
Sure there can be variations in which benefits start to show for people early in the Bitcoin journey, but I doubt that a bitcoin journey is going to be automatically positive, unless there is a way to make sure that studying is done, planning happens, and there is execution that may well end up getting tweaked at various points in order to be able to learn along the way of the bitcoin journey.
Another thing is that anyone getting into bitcoin in the last 2-3 years, may well be feeling some pains and struggles, and similar things could be true for some folks who got into bitcoin as far back as 3-5 years ago, if they had been playing their cards badly, including some folks may have been engaging in leveraging and gambling practices that can be quite dangerous in terms of forcing the removal of coinz... It seems to me that a certain amount of prudence and patience tends to be part of many journeys that will then have better chances of improving various aspects of life conditions... attacks on bitcoin are not likely to stop, and battles in regards to bitcoin are not likely to stop, so in that regard, there are likely needs to prepare financially and psychologically for how those kinds of likely inevitable battles and bitcoin price volatility are going to play out.
I guess that prudence and patience are among the biggest learnings and principles that those could gather who have been around for a long time. I can tell that my decisions became better over time the longer I exposed myself to the market and the more I dealt with the topic decentralization/cryptography both just for fun but also in depth scientifically as an academic.
Bit I can say one thing for sure: I have not really been into stocks before I got into crypto. Just a bit, but never to the extent like when crypto got me excited and I became research addicted. In the beginning, the first bull runs actually spoiled my idea of markets and investing in general. When something goes up 10x (traded alt coins as well back at the time) and you have never had any really significant exposures to markets before, you start thinking for that moment that there is some normality to such a market movement. Even worse you start thinking that markets are great to make a lot of money in a short period of time. And that is damn wrong! You can of course, but the shorter the time horizon, the more of a gamble the whole thing becomes, especially when you work with leverage, as you pointed out. Those are all important aspects that I learnt along the journey and I can say that it significantly helped me get through the bear markets. I didn't care when it dumped, I slept well. I understood that crypto is a different beast, a little child that is still prone to attacks from all angles and the price will reflect that one way or another.
But if I joined crypto just recently and I would have suffered from the price drop of roughly 70%, I would feel like trash. I know because very early on I put money on the line that I could not afford to lose. That is roughly a decade ago. The day I chose to do that was among the most volatile days I've witnessed so far and I couldn't sleep for a second and was just staring at the charts with sweat on my forehead. In retrospect it was a great and fun valuable lesson and luckily, I got through it well more or less!
