This question is not about "if you could go back in time, you'd buy Bitcoin at 0.5 cents", but more about your own experience since you started researching and get more in touch with Bitcoin or Blockchain technology in general.
To me personally, something I've learned over the years is to stick to a few currencies, keep up to date with them and hodl them tight. If I had an eth for every trade I decided to do just to get a few more eth out of it, or dash, or other cryptos that if I had just held what I mined I would've made the most out of it - I'd have a whole lot of eth invested in random ERC-20 tokens right now. I thought I was clever, trading with having the edge in mind that everything will go up eventually but in the end I was not often prepared for the market swings, the bots, the FUD and general misinformation.
Something that I really appreciate with STEEM is the way it incenvitizes you to hold it by giving you influence over the reward pool and even liquid rewards such as SBD. If many other currencies had been the same I am sure I wouldn't have been tempted to trade with them as much just because my hashpower felt too low. The whole proof-of-brain concept when I first stumbled onto it felt so innovative and ever since the beginning I stuck with it through thick and thin.
I know trading STEEM now and then would have been worth it, it has after all some huge volatility since it still follows the trends of Bitcoin and others quite hard, but I don't regret it as much that I haven't traded with it as I do with other currencies. In the end I feel the trade off for having more influence over the platform daily and being able to do so much with that while remaining safe and holding for the long term is worth it a lot more than being able to gamble on it to earn more.
If I could go back to my first crypto days I would probably just stick to hodling a lot more than I did and I wouldn't have cared as much during the downtrends since my entry would have been so much lower in the same way that Steem is. A lot of people like to panic, take Steem for granted and sell it off. I truly hope some people will at least be holding some and not dump it to the current accumulators cause these markets can change in a couple days and regret is something I wouldn't wish on my worst enemy.
Steemians, if you could go back to the first day you invested in Crypto, what would you do differently?
I would not be lending ..
If I could go back to when I first invested in crypto, I would go back to the time when I stopped trading altogether, and not have stopped. I was quite successful back in 2013-2015 but quit when the price of bitcoin dropped down into the $200 level. I should have continued and kept building upon what I was doing.
Were I to have done that, I would likely have bought into being a very large holder here, and had some sway as to the direction things would have gone in during the earlier times.
Probably could have put more emphasis on quality content curation, certainly SteemSTEM would have had a much easier time growing out of its infancy.
In life, what if's only lead to regret. Whats done is done. All in all, my experiences in crypto have been a net positive on my life.
I've had that feeling many times. :/
There are likely many people who have been around crypto for a long time that have as well. I wonder where we might be now if people like me weren't idiots back in 2015... I can't be the only one who was.
Let's hope they've learned something to change that during this dip. ;)
That’s a difficult one. My first sentiment would be that I would have approached things from a less long-term angle and thus have looked at more and higher short term profit.
But end of the day, as a person, that goes against my nature and despite wild swings the long term approach still has proven itself to be a highly positive one.
The odd fork, complete with more often than not subsequent shorting of the forked token, usually has been a rather nice and typical bonus for this sector.
As they say: I regret nothing and while lessons learned are valuable... I would do it all over. Pretty much same way again.
If I could go back... I wouldn't have followed so many people. I didn't realize who or what I was following and my feed will never be the same. I don't know if I have the heart to clean house. Last Time I tried... I accidentally pissed off a couple of my biggest supporters. I feel like that has hindered my interaction a bit.
Starting here on Steemit was my first Crypto Experience and since then I have had to learn A WHOLE LOT! I love to learn so it's been quite the experience. When it comes to crypto... I have mostly Powered Up and I think I created a small Portfolio from some of my rewards. I just recently cashed that portfolio in when Steem was so low and Powered it all back up.
I think the biggest thing I have had to learn when dealing with Crypto would be to know the cost on a transaction before you convert. I got stuck with a bunch of shit coins in the beginning because I didn't have enough left to change it over to anything of value. I think the first move I made was Doge or Salt. hahahhaha still have .000000000000001 if anyone is interested?!
I would probably try to play it safer like I do right now, I mean thanks to the amazing bull run we had from November to January- early February, I didn't lose money but I could have earned way more if i had made more use of the tools I had at hand like, stop-loss, because I let some investments bleed out to death thanks to the mentality of "it's going back up anyways..." looking at you emc2 lol, thankfully I reacted quick enough and left before the big drop.
I follow the same mentally as you, hold coins and research. But what I've learnt is you can't really flip with low value currency so when I flip with a coin like Monero its a nice and quick trade that yields a great profit in a day.
As for what I would change, definitely not joining any Facebook trading groups because its full of shill and one sided arguments.
I would have not invested in Ripple, lol. I didn't actually invest any money into crytpo until several months ago, but when I did the first coin I put funds into was Ripple. I did this without fully researching the backing behind it. After looking into how it's really not that great of a coin and is basically a bankcoin, I just said fuck it and dumped what I had since I just didn't agree with the concept of it. Thankfully I only invested like $2-300 into it, although I took a loss on it thanks to the markets bleeding so much over the past 6 months. Not that big of a deal though. I think I bought them when they were around $0.79 and sold them when they were at $0.68 or something around that.
Otherwise, I don't think I would have done much differently with crypto besides
going back in time, selling all of my belongings and investing them into dogecoinmaybe going back and investing funds into Steem when I actually had some available at the time, instead of using them for frivolous things that I ended up having to sell later on anyways, haha. I've been lucky that I've mostly just stuck with pretty decent crypto's that aren't shit.I'd have held on to the 1,000,000 Dogecoin and the 17 Ether I had. Hell, I would have bought Ether when it first launched. I was there but let myself get intimidated by the complexity of it. I'd have bought more Steem when it was at 10 cents. I'd have bought more EOS when it was at .50 cents.
I would be less trusting. Truth is nobody really knows what they're talking about. Not technical analysts, not people on YouTube, not even our high esteemed posters on here. It's all guesswork.
I got involved with something that everyone else was getting involved with and I ended up losing quite a bit of money. I did learn some valuable lessons from my experience but one of those lessons was definitely just because everyone else is jumping into a certain coin with 100% trust that doesn't mean that it's necessarily the way to go. Keep your eyes open and only trust your own insight.
I would pay more attention to altcoins.
I have spent a great deal of my time in the cryptocurrency space as a Bitcoin maximalist. When I discovered Bitcoin, there were very few altcoins, at least, not many worth mentioning. We still hadn't figured out how we were going to tackle multisig, for Christ's sake. Gavin was still a "good guy" and was widely applauded for trying to push Luke Dashjr out of the project for being a hard-headed religious nutcase. Years later... who's still on the team? If you'd told me the answer then, I'd have shat myself. LOL.
I spent way too long in the circle-jerk... and in many ways, it wasn't one. In many ways, the majority of crypto projects out there are fucking shitcoins. I still believe that. And while I do still hold many pro-Bitcoin sentiments (sorry BCH people), I have come to the conclusion that Bitcoin maximalism was a mistake.
Sure, anyone can copy a codebase. Anyone can change some parameters and launch a blockchain. But I waited far too long to get excited about the real innovation in the blockchain world... and I have paid for it by getting left behind. Projects like Monero, BitShares, Steem... the list goes on and on, and while I try to build up my holdings where I can, I seem to have proven my superhuman ability to repeatedly miss the boat.
If I could go back to the point where I first invested and change anything (other than for the classic "Buy more!!" comment) I would try to learn a lot more about mining. I found it very difficult to get a good grasp upon, so I just kind of gave up before I ever really understood a lot about it. Mining in the early days obviously proved to be really profitable, so this is something that I would have changed.
I should have just bought bitcoin instead of ordering a butterfly labs miner :P
P.S.: I should have also stayed away from cryptsy :P
Thank you, this short article is a very valuable lesson for me to address the current market sentinen, the fall of the value of crytocurrency, in this case Sbd and Steem had made me panicked and power down, the edges took off a few dozen sbd and steam at a very low price, an urgent financial need is the main cause.
Once again thank you for reminding yourself to be wiser in taking a stand, because fluctuations can attack any kind of world currency
I didn't have a whole lot of crypto experience prior to Steemit, but what I would mostly have done differently is to buy a few solid assets and just hang onto them. That's what I learned to do with tech stocks back in the late 1990s, and I really would have been better off doing that with cryptos, too. It may be a different market, but human psychology is the same, regardless. And very few people are effective at "timing the market."
I had a couple of thousand dollars I thought about buying Dash with when it was under $4 (early 2016); waited till it was $6, then sold at $85 thinking it had "had its run" and then watched it go to $1000+. Point being, I only had $6 per "at risk," so why run?
Basically, I should have stuck to Bitcoin with much more of my pf than I did. I bought coins than don't even exist any longer (bought in 2014).
Nowadays I stick to just a few and try to keep up to date as much as possible. I do still have some play money for the hail maries ;-)
Not be stupid enough to sell when it fell, I was part of the losers that sold. I would hang onto it long term
Tienes en tus manos esa nueva oportunidad, ahora que ha vuelto a caer pon en practica tu experiencia.
Hola @acydo
Solo te puedo decir.... Que si hubiera conocido Seemit en el 2016 me hubiese pegado a la RED en ese momento y estuviese asesorando a más de un amigo.
Me encanto tu publicación y Que viva Steemit.
Saludos
Tienes la oportunidad con Eos
You need to be very patient when you trade. Never panic even if it takes long for your coins to fly again. I didnt invest anything from the beginning and whatever I earned in Steemit I powered it up. So if I go back to the first day I would do the same again :) Lately I invested in Ethereum. Maybe I did that a bit late, but it took me a while to save for it and decide. I am happy about every step I did until this day.
Since I still haven't invested in crypto, I can't answer the question.
But If I can go back to the first day I heard about crypto, I'd have definitely paid more attention and learned what it all is.
Steem is how I made my way into crypto, I didn't know about it before that.
I'd hear people talking about crypto sometimes, but it just seemed too good to be true. That is my only regret
But I'm still among the early adopters of steem, so that's something
When I first joined Steemit back in 2016, I sold some Steem for Bitcoin and then sold that Bitcoin for fiat. I wish I kept the Bitcoin, but at least I became familiar with all exchange points.
It would be simple, I would go back to the first day and I would say to myself "Listen to your friend, be smarter and do not leave things half-hearted".
Many years ago my friend told me about cryptocurrencies, trading, mining and I simply did not pay attention to him and I let my opportunity pass, as a fool.
Well article,can't describable in a sentence.
I'd be paying more attention to Dan @libertyacademy.....and now I am.
Top 10 Cryptos you should consider HODLING
https://steemit.com/cryptocurrency/@libertyacademy/top-10-cryptos-you-should-consider-hodling
Beginner’s Guide to Cryptocurrencies / Blockchain, Wallets & Exchanges
https://steemit.com/cryptocurrency/@libertyacademy/beginner-s-guide-to-cryptocurrencies-blockchain-wallets-and-exchanges
Oh, and I should have diversified more when Steem was at peak 6 months ago. Would of been wiser to conduct a two week power down and put that currency into way affordable cryptos to have a better shot on one going long and doing very well.
I would of definitely hedl my coins
had over 900 ether at one point
over 530,000 xrp (ripple) at one point..
would of diversified... should of gotten and held onto a couple of DASH masternodes...would of invested heavy into Antshares instead of watching the price increase 20-70% a day everyday....
and definitely would of been converting $20 sbd into $2 steem power by the boat load if I had the foresight to be here end of November through December...
I hope to get to 10,000 sp and start investing $500 at a time into differetn coins until I have many different kinds...still in my 20's so now is the time to make my moves
This is simple. knowing history, it'll be like playing poker till a certain point. you say
All in.
When i joined steemit the rate of the steem is become high and high that's was my fault to sell some steem but now a day a steem become down and i have lost too much money. Hope it become high at the end of the year and become fruitful for me.
No need to go back in time. You can buy them now.
Only 0.1% of the world population owns cryptocoins, and in 20, 30 years from now pretty much everybody (with internet access) will own some.
We are still at the beginning.
Only if I could, I would have not doubted so much and invested so much on cryptocurrency.
Even I tried with my little resources to invest little due to fear of loss, I'll have taken the risk to stake more in cryptocurrency...
If l could go back then I would build mining ring and start mining eth because in my country electricity is cheap
buy moar and put a sell in for $20,000
We must hold our crypto coins. Steem and sbd will raise again. Btc will back to normal scale of stability in the market. Lets hold on together and don't lose hope. We are now on blockchain edge with further development on technology in digital world. This is our future. Blockchain will our back door currency
Y en algún punto pasará de puerta trasera a paralela, a bilateral
There are probably many humans who have been around crypto for a long-term which have as nicely. I'm wondering in which we are probably now if human beings like me weren't idiots returned in 2015... I can not be the best person who changed into.
I wish I didn't both buy and sell in Feb 2017, I should have been more patient. I regret not mining and keeping up with the crypto-space as it likely cost me a fair bit.
At the moment I feel quite content with how the fact my portfolio is mostly steem and I think this year may hold a lot of surprises especially for steem. I try not to overthink the decisions that I make, the fact I am here at such an early point is pretty awesome as it is.
Well my biggest crypto regret has always been throwing away those Dogecoins.
Who knew a Meme coin would have this value hahahhah
I would also have traded more aggresively last October- December and maybe sold off about half of what I had and 1/4 of it invested into Steem and would have become a small dolphin already instead of just a minnow now.
Steem has been my introduction to cryptocurrency.
I think it is friggin fantastic that I can comment and post to earn crypto.
It's revolutionary.
I'm not sure what I would do different. I've been powering up. Haven't sold yet.
Hodl!
Hello @acidyo
I really thank God I visited this page today for I have learnt something that's very priceless.
You are very right on this. I am a victim of multi token hodling which I do end up not being able to fellow. Thanks for this head up @acidyo!
@eurogee of @euronation and @steemstem communities
I am new to crypto. So I would go back to when Steem was 2.5$ before the 5$ spike.
I would just buy a fuck ton of ethereum because then ethereum was under 450$ and it went to 700$ and I actually made like 100$ from that ethereum rise.
But if I could go back I would invest more
Puedes invertir ahora mismo en bitcoin y en noviembre obtener ganancia al 100% aprox y acordarte de este comentario "and help me" jeje
I would like to focus on technology.
The first time I invested in crypto was for a MLM organization called Bitclub Network which sells shares for their mining pools.
I do not have any particular regrets having done that aside from maybe wishing that I would have done that sooner. Because when I did, I did it when Bitcoin was around it's 20k mark and it has been falling ever since.
I'd have researched the hell out of ICO's and flipped them like crazy. I got into crypto in 2015, but it was just a little BTC then. I didn't even know what an ICO was until Q2 of 2017! I didn't get a grasp on them until US citizens (which I am unfortunately) were barred. Now that I've got a pretty good grasp on finding a decent ICO I'm out of the game because of my nationality. I do live abroad though and can potentially ask a local if I could borrow her/his passport. It would be a little awkward obviously. And ICO flipping doesn't always go as planned in this market.
Back then was 2013. I would have looked at the technology behind it. And realise there could be a future in it!
You got a 26.45% upvote from @ocdb courtesy of @acidyo!
I started dabbling in Bitcoin many years ago. In retrospect, my biggest regret is not investing in some of the most important altcoins when they were very cheap. For example, it pains me to think that going all in on Ether in the first couple of months of 2017, would've resulted in a 100-fold growth of my crypto portfolio in a year. Such mind-blowing growth is very rare. I should've learned earlier about altcoins.
Congratulations @acidyo!
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