• Konstantin Rabin is a finance and technology writer who was made aware of Bitcoin more than a decade ago but passed on investing in it three different times.
• He eventually became a HODLer after being introduced to Bitcoin by a friend, Edgar.
• The key lessons he learned along this journey that are worth sharing include the importance of research and due diligence, patience, and never giving up on your dreams.
Learning About Bitcoin
Konstantin Rabin is a finance and technology writer who was made aware of Bitcoin more than a decade ago but passed on investing in it three different times before eventually becoming a HODLer.
How It All Started
Rabin’s introduction to Bitcoin came from his friend Edgar, who worked in an online brokerage with him. After noticing Edgar’s Skype status which included gibberish “1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2”, Rabin asked what it was about and received an explanation from Edgar about Bitcoin addresses and blockchains.
Lessons Learned
Rabin learned several important lessons from his experience with cryptocurrency: the importance of researching something properly before making any decision; having enough patience to wait for the right opportunities; never giving up on one’s dreams.
The Scams
Given Rabin’s background in the investment industry, he had knowledge of online scams such as e-gold that appeared to be similar to Bitcoin at first glance. However, after learning more about what cryptocurrency really is, he realized that it could be much more than just some fly-by-night scheme.
Conclusion
In conclusion, Konstantin Rabin was able to learn valuable lessons regarding investments by passing on investing in bitcoin three different times. Despite his initial hesitations due to past experiences with scams such as e-gold and his financial circumstances at the time, he eventually became a HODLer – thanks to his friend Edgar and further research into cryptocurrencies.