Sunday, March 14, 2021

My unfortunate Bitcoin Story - A lost 300k opportunity

Hey my fellow redditors, today I want to tell you my story, how I lost a 300k opportunity while (almost) becoming a Bitcoin early adopter and how I want to turn my fortune now by going public with my story.

A young fool, with a plan

So to start, let's quickly jump back to November in good old 2k13, when you still where able to get one Bitcoin below the 100$ mark. Young me did his research, and made a plan: 1. Buy Bitcoins 2. ??? 3. Profit! Said that, I compiled my naiv thoughts onto a piece of paper in form of a simple Todo-List and started ticking boxes immediately:

  • Look where to buy bitcoin -> Check
  • Find the best price -> Check (It was around 100€ (120$) at that moment)
  • Talk with Dad about money -> Well that's where I faced some first resistance...

... as I still was a young adult I wanted to at least ask for my old mans opinion on that planned investment of mine. As soon as I had pitched the Idea of taking some real world money and and exchange it for some virtual magic internet currency named Bitcoin, I recognized this was nothing my Dad ever could warm his heart for by any chance. So I continued my list, to get some more prerequisites ready:

  • Create Coinbase Account -> Check
  • Wait if Bitcoin drops below 300€ again -> Ditched again, because it kept moving upwards
  • Ask dad if I can give him cash and therefore use his credit card -> This was where my dreams finally turnt to dust...

... so as the easiest way to get Bitcoins, was by using a credit card and I didn't had one back in 2k13, I approached my dad once more with money from my piggy bank savings in hand. I asked him kindly to lend me his credit card, so I could turn 500€ into Bitcoins, but oh boy I wasn't ready for the anger I summoned by exposing this plan. I was told that I could also just throw my hard saved money into the fire or out of the open window and so I refrained from ever asking my dad for many years to come as I trusted my Dad with his advice.

The last point on my list, I wrote as a premature conclusion was as follows: Bitcoin (currently) too expensive, waste of money (according to Dad), wait until price drops below 100€ (120$) again, then buy 5 Bitcoin for 500€.

Long story short: The bitcoin price of course never dropped below the 120$ mark again, but instead hit the 1000 USD mark a few weeks later. Disappointed by these events, I lost interest in the topic and moved on with life.

Fast forward to 2k21

Earlier this week, I was clearing out the storage in the basement, when I found my old college block with the old Todo-List. I read through with that bitter taste of a lost opportunity slowly appearing in my mouth, when I checked the current Bitcoin chart I was really flattened that I was kind of short by something around 300k$ because I closed my Todo-List back in 2013 with the wrong conclusion.

So since I also have heard about this new trend called NFTs, and people have already managed to sell their digital arts for sh*tloads of money, I decided to go for it and try to turn this story of failure and bad timing into a story of success! I have converted my 2k13 Todo-List into a digital animated NFT art and put it up for auction with the help of some tutorials I carefully followed along.

Let's see, how this will turn out I'm trilled! Maybe I will have lost another 160$ wich is the amount of in fees to set up the auction, maybe this piece of Bitcoins history will get auctioned for a little amount, that I can put into Bitcoin afterwards, we will see. But last and most importantly: I will not look back and recognize that this new Internet-Trend for NFTs is another train I have willingly missed to board.

TL;DR: I found an uncompleted Todo-List from 2013, when I planned to purchase 5 Bitcoin but never did. In an attempt to turn this missed opportunity into a success, I'm currently auctioning the original Todo-List that I turned into a NFT token.

My fellow redditors, what I want to tell you with this story is, that if you see an opportunity then don't let anybody talk you off from it if your heart tells you otherwise. Even if you fail with your investment, then you can afterwards look back and have surely learned something out of it. Looking back and see your trail sprinkled with missed opportunities is by far worse! It's never too late to turn things around.

P. S.: I love my Dad, and am sure he only had the best mind back then with his advice!

Thanks for bearing with me!

Translation of the original hand-written Bitcoin Todo-List from 2k13


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