Kakashi2020 Posted December 6, 2018 Share Posted December 6, 2018 This is one of the most popular questions regarding Bitcoin. I for one didn't invest in it earlier because of lack of knowledge on how to invest in it. Bitcoin investments are not being supported in our country in the early days. Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/ Share on other sites More sharing options...
focusedwriter10 Posted December 6, 2018 Share Posted December 6, 2018 Fear of losing my money. Initially, I thought Bitcoin was like any other scam that gets hyped, then all over sudden go down, making one or two rich at the expense of others. Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3203 Share on other sites More sharing options...
Steve5 Posted December 10, 2018 Share Posted December 10, 2018 On 12/6/2018 at 12:26 PM, Kakashi2020 said: This is one of the most popular questions regarding Bitcoin. I for one didn't invest in it earlier because of lack of knowledge on how to invest in it. Bitcoin investments are not being supported in our country in the early days. Same here. I also knew nothing about it except that it was a new experimental currency. In a way, I knew it would skyrocket in the future. But lacking both in knowledge and financial capability, I couldn't really afford it. Though, if I had even so much as invested a hundred dollars on it, I'd be so much richer right now. 😂 Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3398 Share on other sites More sharing options...
Alania Posted December 10, 2018 Share Posted December 10, 2018 I recently found out that Bitcoin was actually released back in 2008? Oddly enough, I heard about it only 6 months ago or so. Perhaps if I had heard about it earlier then I would have invested in it. Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3411 Share on other sites More sharing options...
Kakashi2020 Posted December 11, 2018 Author Share Posted December 11, 2018 22 hours ago, Alania said: I recently found out that Bitcoin was actually released back in 2008? Oddly enough, I heard about it only 6 months ago or so. Perhaps if I had heard about it earlier then I would have invested in it. Back then it was headline news, it was big, but it was vague. Only tech people knows how to mine it. No one actually shared any info, it was what you call privileged information. Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3476 Share on other sites More sharing options...
Alania Posted December 11, 2018 Share Posted December 11, 2018 35 minutes ago, Kakashi2020 said: Back then it was headline news, it was big, but it was vague. Only tech people knows how to mine it. No one actually shared any info, it was what you call privileged information. So when did people find out about it in the state that it is currently at? When did the people get the opportunity to buy it for the first time? Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3481 Share on other sites More sharing options...
NerdIndeed Posted December 11, 2018 Share Posted December 11, 2018 (edited) As for myself, I guess I'm not way overly optimistic about it at first. A few people think that anyone who invests will automatically double their money. There is no difference between investing in cryptocurrency and playing the lottery, and they're both in some way like gambling at the end of the day. IMHO Edited December 11, 2018 by NerdIndeed Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3490 Share on other sites More sharing options...
Rathiel Posted December 29, 2018 Share Posted December 29, 2018 For most part, I just didn't have the money to invest in something that didn't seem to be plausible at the time. Given the intangible nature of Bitcoin, it's hard to see if it was a legitimate thing or if it was just some elaborate scam. It had been better to err on the side of caution at that time. Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3586 Share on other sites More sharing options...
Caguioa747 Posted December 29, 2018 Share Posted December 29, 2018 I didn't invest in bitcoin last year because it's price is on the $19,000 mark so if I invested that time it is a huge loss for me. but for me right now is the right time to invest because i believe that in 2019 the bitcoins price will reach the $50,000 mark. Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3596 Share on other sites More sharing options...
Alania Posted December 29, 2018 Share Posted December 29, 2018 4 hours ago, Caguioa747 said: I didn't invest in bitcoin last year because it's price is on the $19,000 mark so if I invested that time it is a huge loss for me. but for me right now is the right time to invest because i believe that in 2019 the bitcoins price will reach the $50,000 mark. You got a point! But these prices are so random, God knows what price will be next. Higher or lower. I kept waiting and waiting, and Bitcoin didn't fall. Then I decided to buy it, and shortly after, it fell. You can imagine how badly I felt about it all, haha. Quote Link to comment https://slingbank.com/forums/topic/1843-why-didnt-you-invest-in-bitcoin-earlier/#findComment-3611 Share on other sites More sharing options...
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