28 - I Missed Out on 10 Million by Not Making an Investment I Easily Could Have
Discover the lessons from a missed $10 million opportunity and learn how to identify potential in investments early. In this episode, we explore the importance of critical thinking and evaluating risks in pursuit of financial success.
I Missed Out on $10 Million by Not Making an Investment I Easily Could Have
Opportunities often appear when we least expect them, and recognizing their value can be the difference between regret and reward. In this episode of Pattern Cognition with Sid Mofya, we dive into a personal story of a missed investment in Bitcoin that could have yielded $10 million.
Sid shares how, when Bitcoin was priced under $1,000, he had multiple chances to invest but dismissed them. What he overlooked was the involvement of serious investors who were already putting significant money into this emerging technology. Reflecting on this decision, Sid unpacks the lessons learned and how you can avoid similar mistakes.
Key Takeaways:
1. Recognize Potential Early: Dismissing opportunities without proper research can cost you significantly. Keep an open mind and investigate trends critically before making decisions.
2. Learn from Regret: Missing out can be a powerful motivator. Use it to refine your decision-making process for future opportunities.
3. Evaluate the Market, Not the Noise: Early-stage opportunities often look risky. Focus on the caliber of people backing them and the long-term vision they present.
4. Adopt a Growth Mindset: Every missed chance is a lesson. Instead of dwelling on what could’ve been, channel your energy into identifying the next opportunity.
This episode offers a candid look at a real-world financial misstep and its broader implications for recognizing opportunity in business and life. Listen now to gain insights that could help you seize your next big break.
Highlights:
00:00 The Missed Opportunity
00:05 Reflecting on Bitcoin's Early Days
00:11 The Critical Oversight
00:24 The Potential Gains
00:30 Lesson Learned
Links:
Website: https://www.sidmofya.com/
LinkedIn: https://www.linkedin.com/in/sidmofya/
Transcript:
I missed out on 10 million by not making an investment I easily could have. When Bitcoin was less than 1, 000, I had an opportunity, multiple opportunities to invest in it. But I dismissed it. What I didn't pay attention to was that there were serious people, even though they were early, that were investing serious money into it.
And had I taken the time to look at it more critically, maybe I would have invested. And if I put that 1, 000 in Bitcoin then that would be worth close to 10 million today. Lesson learned.