Many Turks believe it’s never too late to invest in Bitcoin

It has been ten years since Bitcoin appeared. Many people envy the early investors who made a lot of money, while lamenting that they missed the opportunity to enter the market. But did we really miss it?

No! Kafkas, a cryptocurrency investor from Turkey, tells us from his own experience that it is never too late as long as you are willing to try. Who knows if in fifty years, will anyone envy us for entering the market before 2030?

To ensure readability, the following content will be presented in Kafkas' own words.

Were you ever dominated by “other people’s kids” when you were a child?

If so, I’m sorry, because I am what parents call “other people’s child”.

I grew up smoothly, from elementary school to middle school to high school, and then entered a key university step by step. My university is located in Istanbul, and I major in law. In the eyes of bystanders, I am both good in character and learning, and I should become a lawyer after graduation and live a glamorous life like the successful people in TV dramas.

But they don't know that good students also have their playful moments. I remember that our favorite thing to do in the dormitory during college was to play games together. Hahaha, isn't it a big contrast? There's nothing we can do about it. The pressure in law school is really too great. Playing games is one of the few ways that is not illegal and can relieve our stress.

2014, the first time I missed Bitcoin

Students are always full of vigor and curiosity about new things. In 2014, I attended a party. I don’t know who first mentioned Bitcoin, and then everyone started a heated discussion. One of my friends, Asya, is an avid believer in Bitcoin. She kept telling us, “Bitcoin, as a decentralized, government-free digital currency, will become a payment method and will be widely popularized in the future.”

I didn’t take it seriously. Although Turkish people love investment and are adventurous, digital currencies were not popular in 2014 and there were not many exchanges. I didn’t know how to trade. In addition, Bitcoin had just experienced a big drop. In just three months, its price dropped from $800 to $300. This kind of fluctuation scared me, so I missed the best time to invest in Bitcoin, just like most people present.

In 2016, the second time I missed Bitcoin

It wasn’t until the end of 2016 that I bought Bitcoin for the first time, but not for investment, but for buying games. At that time, the game company I liked added a new payment channel - Bitcoin. Out of curiosity, I bought $175 worth of Bitcoin. I remember that the price of Bitcoin was around $1,000 at that time, and I used these Bitcoins to buy several games.

According to the plot of the novel, I should buy a large amount of Bitcoin, and then wait for the price of Bitcoin to rise, and then sell it at a high point to cash in, achieve financial freedom, marry a beautiful and rich woman, and reach the peak of my life.

But the reality is that I don’t have the luck of the protagonist in the novel, nor do I have the adventurous spirit that the Turks should have. Although I have used Bitcoin, and its price has risen a lot compared to 2014 when I bought it, it didn’t attract my attention at the time. I thought Bitcoin would only become a means of payment in the virtual world, and I never thought it would become an investment target. So even if I had nothing to do, I would still pay attention to the price of Bitcoin, but I never bought Bitcoin again. I missed Bitcoin again.

Thinking about it this way, Asya two years ago not only had unique investment vision, but also had extraordinary courage.

When I saw Asya again, she had already become a successful person.

It was a cocktail party after graduation. Asya brought her luxury car and bags, which blinded the eyes of a group of new office workers. After three rounds of drinks, Asya told us that she has been buying Bitcoin since 2013. When Bitcoin was at a low of $200 in 2015, she hoarded a large amount of Bitcoin. In the past two years, Asya has invested more than $7,000 in Bitcoin. Taking advantage of the good market in 2017, she cashed out some Bitcoin and earned nearly 20 times, more than $100,000. After digging the first pot of gold, Asya founded her own company. Having a car, a house, and a career is also the daily life of early Bitcoin investors.

Are you envious? If I say I am not envious, I would be lying! After three rounds of drinks, my regret reached its peak. Asya said to me after getting drunk, "It would have been great if you had bought Bitcoin with me back then. At least now you don't have to worry about making a living. I tell you, you must hold Bitcoin for a long time. I think the value growth of Bitcoin has just begun. Sooner or later, Bitcoin will be fully recognized by the world!"

Investing in the world of encryption is a matter of careful consideration

In order to learn more about the crypto world, I interned at a well-known financial institution in Turkey after graduation. I think the criteria for evaluating a project are similar, whether it is traditional finance or cryptocurrency. In that financial institution, my department was mainly responsible for primary market investment. After a period of internship, I learned to judge the quality of a project from the perspective of investors.

After reading a lot of books on blockchain and learning about its underlying technology, I think blockchain is a technology that can change people's lives. Bitcoin, as a decentralized cryptocurrency, is very valuable for investment.

In my opinion, cryptocurrency has more credibility than legal tender. Take the current situation as an example. In an environment where the epidemic has not yet subsided, we have seen that many countries have issued a large amount of legal tender in order to stimulate the economy. A new round of currency purchasing power decline is about to hit, and we are powerless.

I jumped into the crypto world in 2017. Although I was a few years late to Asya, there is no shortage of opportunities to get rich in the world of cryptocurrency.

As soon as I entered the market, I experienced the industry's bull market. In that bull market, Bitcoin rose from more than 1,000 US dollars at the beginning of 2017 to a maximum of 19,000 US dollars, a full 19-fold increase. Although I did not experience this bull market in its entirety, I also had good returns. Of course, I also stepped on a lot of pitfalls, such as the "312" crash not long ago, which also caused me a lot of losses. In short, I have tasted the taste of getting rich quickly, and I have also taken a lot of detours. This is why I am now active on social media. I position myself as a "guide". I want to help "newbies in the game village" take fewer detours.

In order to provide you with better trading advice, I have used 8 exchanges, 6 of which are global exchanges. In general, I still prefer KuCoin, and this is definitely not an advertisement. Because KuCoin's technology is obvious to all, at least my assets can be guaranteed to be safe in KuCoin, and I don't need to worry about bugs in the exchange causing my position to be liquidated or my income to be reduced. Before, I only had part of my assets in KuCoin, but now I have transferred all my assets in.

Although I have been investing in cryptocurrencies for three years, my returns are barely good enough, not as good as the best but better than the worst. This may be related to my preference for contracts. In fact, it is not just me, most Turkish investors prefer contracts. Although Turkish people prefer a stable and safe investment method, they all have an adventurous spirit in their bones.

I like contracts because I like to use the all-in approach to verify my judgment, so I often either have a villa by the sea or go to the sea myself. Hahahaha, just kidding. After all, a contract is a tool, how to use it is your own choice, you can all-in, or use it to hedge risks.

If you like playing contracts, you need to choose a reliable exchange. So far, KuCoin Contracts is the only platform that supports the L3 data push mechanism, which is more transparent and fair than other exchanges. I still recommend you to try it.

As an active crypto trader, I often recommend exchanges that are safe and provide good trading experience to my friends. At present, KuCoin is my favorite. KuCoin's official website not only supports Turkish access, but also has a local official community in Turkey, and supports the direct purchase of cryptocurrencies with our new Turkish Lira (TRY). I also often speak freely in the KuCoin community and give them my personal suggestions, which always get official replies or improvements from KuCoin, which is another reason why I like KuCoin.

The future of crypto

Turkey is a country that is very fond of cryptocurrency. This may be because there are many young people in Turkey, and they are more receptive to new technologies and new assets. In Turkey, you will see things that you can't see in some cities, such as some shops on both sides of the street will hang Bitcoin signs to indicate that they support Bitcoin payments.

Especially in Istanbul, ordinary residents are more accepting of Bitcoin than anyone could imagine. Recently, many new stores have opened in Istanbul, which support the purchase of Bitcoin with Turkish lira. In some business districts, there are also Bitcoin ATMs. Many young people in Istanbul entered the market after the Bitcoin surge in 2017. Therefore, many crypto exchanges have begun to layout the Turkish market in 2019, trying to carve up this market after it is compliant.

In my opinion, the current development of the crypto world is very good, and it is also moving towards compliance, which is actually a very good phenomenon. Gold rush in a disordered world is the story of the brave, but investing in an orderly world is the future that the public expects. The compliance of the crypto world will further clear the obstacles for the entry of traditional funds and accelerate the popularization of digital currencies.

Of course, many investors are also wondering, "The price of Bitcoin is so high now, is it too late to enter the market now?" I had such doubts before, but after experiencing the bull market in 2017, many Turkish investors, including me, believe that it is never too late to invest in Bitcoin.

Shortly after I entered the market in 2017, the price of Bitcoin reached an all-time high of $19,000. At that moment, I felt that the crypto world was full of infinite possibilities. Moreover, the cryptocurrency industry is still in its early stages of development and is still only a niche investment product. With the large-scale application of blockchain and cryptocurrency, the future of Bitcoin is immeasurable.

For me, investing in Bitcoin is a very happy thing, because it is not only my belief, but I can also earn investment income from it. In this world, there is no back wave, as long as you step on the pulse of the times, you can become your own king. (Baijiahao)