“I first got in to Bitcoin in 2012. One Bitcoin was worth $4 at the time. I immediately got hooked and knew Bitcoin would be huge one day. Unfortunately I was also very poor. The most I could afford to buy was $400 worth (100 BTC).” This is how SuperDuperDerp‘s story kicks-off on Reddit.
“The price didn’t move much, so I stopped checking after a couple weeks. When I came back to it a month later, the price had steadily increased to $8 per coin. Surprised at my small windfall, and thinking it was too soon for Bitcoin to really take off, I sold all 100BTC for $800 and planned to buy in again when the price went down.” However, he never did it. “I watched it climb and climb until I finally bought back in around $100, netting me 8 BTC.
“I let my feelings get the best of me and panic sold/bought a few times during the 2013 turmoil, and most recently had to sell a few BTC as I was in dire straights,” the Redditor adds to his or her story.
“Now I have a little over 2BTC and am marginally better off than I was in 2012. I like to believe that if I had been financially comfortable in 2012 I would have bought a chunk of BTC to save long term and wouldn’t have been so quick to sell. But who knows? It takes money to make money.”