threedolar on Nostr: Bitcoin: My Rollercoaster Ride to Riches Hey everyone, I want to share my Bitcoin ...
Bitcoin: My Rollercoaster Ride to Riches
Hey everyone, I want to share my Bitcoin story with you all, and how I got into it.
The Beginning
I first encountered Bitcoin in 2013. I was working at a restaurant, and a friend was playing these online games that earned you virtual coins. One day, he won a bunch of satoshis and was super excited to show me. That was the first time I'd ever seen a virtual currency that people actually used to make transactions. We decided to do some research and started investing. We bought Bitcoin mining contracts from various sites (all of which turned out to be scams and Ponzi schemes). Luckily, we got in early enough that we made decent returns and didn't lose any money. We also started accumulating Bitcoin in a Xapo wallet. At the time, you could use a credit card with a Bitcoin balance. It was amazing, and we were hooked.
The Middle
From 2013 to 2017, we witnessed massive adoption and evolution of Bitcoin. Things were heating up, and everyone was talking about it. I was already using my Bitcoin balance to pay for groceries, Ubers, and restaurant bills. Just to give you some context, we bought our Bitcoins when they were between $50 and $100 each. To give you an idea, I ended up with 13 Bitcoins. I had investments in the Brazilian stock market (80%) and Bitcoin (20%). I didn't have a single penny in savings. So, I even turned down friends who asked to borrow money. I bought a trip to Europe at the time, which is why I accumulated 13 Bitcoins. Once I arrived in Europe, my Bitcoins skyrocketed to $1,000 each. I'd spend money during the day, use my card, and the next day the balance would be the same or higher. Unreal!
The End
After returning from my trip to Europe, I started working at an investment firm. People there barely knew what Bitcoin was. They were surprised when I told them my story. That year (2017), Bitcoin went up a lot, and I decided to sell a good chunk because I thought something was fishy. I had made a lot of money, guys. Appreciation, mining, and some staking I did. Then in 2018, it was total madness. It was A LOT of money, and I sold off my entire position. I don't regret it; there was no way to predict what would happen back then. Looking back now, it's easy to say what I should have done. But for a guy who came from a humble background and had never even been on a plane, it was an opportunity to explore the world and broaden my horizons.
Regrets?
None whatsoever, I'd do it all again. The only thing I'd change is that I would have stopped and studied more. If I had, I would have held onto at least 0.5 Bitcoin. Between 2018 and 2019, there was a sharp drop. Between 2019 and 2020, there was another price surge. I saw a lot of scams, Ponzi schemes, and people cheating and becoming millionaires. I went back to studying and have been back in the game for a few years now. But, with a different mindset and well-defined strategies this time around. I read this article here and really liked it: (https://threedolar.com.br/acumule-bitcoin-construa-seu-patrimonio-para-o-amanha/).
If advice were good, I'd sell it. But, I'll give you one for free.
Don't wait for the end of the world, folks. With each halving and bull cycle, take some profits. Travel, pay for your education, improve your health, invest in good relationships, invest in yourself, buy stocks when they're down, buy undervalued real estate, and even buy dollars. We don't know when the dollar and fiat currencies will collapse. And, we all have a moment. The NOW. Using strategies like DCA, Meyer Multiples, Trends, and CNBC News, and having a clear understanding of the fundamentals, you can definitely become very prosperous with Bitcoins. That's my take on it, feel free to comment and share your experience too.
#bitcoin #history #nostr
Hey everyone, I want to share my Bitcoin story with you all, and how I got into it.
The Beginning
I first encountered Bitcoin in 2013. I was working at a restaurant, and a friend was playing these online games that earned you virtual coins. One day, he won a bunch of satoshis and was super excited to show me. That was the first time I'd ever seen a virtual currency that people actually used to make transactions. We decided to do some research and started investing. We bought Bitcoin mining contracts from various sites (all of which turned out to be scams and Ponzi schemes). Luckily, we got in early enough that we made decent returns and didn't lose any money. We also started accumulating Bitcoin in a Xapo wallet. At the time, you could use a credit card with a Bitcoin balance. It was amazing, and we were hooked.
The Middle
From 2013 to 2017, we witnessed massive adoption and evolution of Bitcoin. Things were heating up, and everyone was talking about it. I was already using my Bitcoin balance to pay for groceries, Ubers, and restaurant bills. Just to give you some context, we bought our Bitcoins when they were between $50 and $100 each. To give you an idea, I ended up with 13 Bitcoins. I had investments in the Brazilian stock market (80%) and Bitcoin (20%). I didn't have a single penny in savings. So, I even turned down friends who asked to borrow money. I bought a trip to Europe at the time, which is why I accumulated 13 Bitcoins. Once I arrived in Europe, my Bitcoins skyrocketed to $1,000 each. I'd spend money during the day, use my card, and the next day the balance would be the same or higher. Unreal!
The End
After returning from my trip to Europe, I started working at an investment firm. People there barely knew what Bitcoin was. They were surprised when I told them my story. That year (2017), Bitcoin went up a lot, and I decided to sell a good chunk because I thought something was fishy. I had made a lot of money, guys. Appreciation, mining, and some staking I did. Then in 2018, it was total madness. It was A LOT of money, and I sold off my entire position. I don't regret it; there was no way to predict what would happen back then. Looking back now, it's easy to say what I should have done. But for a guy who came from a humble background and had never even been on a plane, it was an opportunity to explore the world and broaden my horizons.
Regrets?
None whatsoever, I'd do it all again. The only thing I'd change is that I would have stopped and studied more. If I had, I would have held onto at least 0.5 Bitcoin. Between 2018 and 2019, there was a sharp drop. Between 2019 and 2020, there was another price surge. I saw a lot of scams, Ponzi schemes, and people cheating and becoming millionaires. I went back to studying and have been back in the game for a few years now. But, with a different mindset and well-defined strategies this time around. I read this article here and really liked it: (https://threedolar.com.br/acumule-bitcoin-construa-seu-patrimonio-para-o-amanha/).
If advice were good, I'd sell it. But, I'll give you one for free.
Don't wait for the end of the world, folks. With each halving and bull cycle, take some profits. Travel, pay for your education, improve your health, invest in good relationships, invest in yourself, buy stocks when they're down, buy undervalued real estate, and even buy dollars. We don't know when the dollar and fiat currencies will collapse. And, we all have a moment. The NOW. Using strategies like DCA, Meyer Multiples, Trends, and CNBC News, and having a clear understanding of the fundamentals, you can definitely become very prosperous with Bitcoins. That's my take on it, feel free to comment and share your experience too.
#bitcoin #history #nostr