I've been into crypto for the last 3 bull runs. When I first learned about bitcoin, I heavily dived in. I became orange pilled quick as hell. The concept makes so much sense to me. It's been something that my millennial self has been realizing since I was a teenager. The current financial system isn't sustainable. This is the solution. And if for whatever reason, bitcoin isn't wouldn't be the grand answer, it was absolutely a step in the right direction.
Started just before the 2017 bull run. DCA'd for months and was ecstatic that my maybe $100 investment was already up to a few hundred. This was by no means enough for me to cash out, not that I wanted to anyways. My dad, who by no means rich, is very smart with his money and always looking for things to invest in, told me I should have sold. Couple hundred percent growth in less than a year? Crazy. Then when that crash happened, he just said it was a good learning opportunity. I told him briefly afterwards that I just sold it anyways. The commentary wasn't necessarily and I learned not to let people know I was investing.
I continued to DCA my way into the 2021 bull run. God damn that was exciting. Although I didn't let anyone know I had bitcoin specifically, I did write down in a physical journal detailed information on how to access my bitcoin in case anything happened to me. I was in a fairly long term relationship at this point with someone I heavily trusted (even after we've broken up, I still trust them), in case of anything happening to me from covid, I wanted her to be able to access this. I'm a bartender and by 2021 had already gotten covid twice. Both times genuinely scared I was going to die due to all my work with the public. I asked her only to look in the journal if I were to die and as far as I know, she never looked in it. She never knew I had bitcoin. The hope was one day I'd be able to use the little bit of bitcoin I had to buy a home for us.
Then that crash happened. That one hurt. That one actually felt like a lost opportunity. I quit DCA for a few months. I considered selling, but it's fiat value wasn't nearly enough for me to sell. Even though it would have been a net positive, it just wasn't enough for me to sell what (at worst of times) felt like a lottery ticket.
My ex and I broke up about a year and a half ago. When she moved out, I still had ten months in this lease that I couldn't afford on my own. I obviously still didn't DCA, and my credit card bills got higher and higher. Although I eventually got out of that lease and my cost of living became lower, my credit card bills were so high that all I can really do with my payments are keep it from going higher. I haven't been able to put anything really into savings. It's just been keeping my CC bills at bay.
I continued to learn more about investing in traditional stocks and different crypto projects and bitcoin specifically. I really wanted to continue to DCA, but I just couldn't afford it.
This bull run so far, I feel such a weight being lifted as I see the fiat value getting closer and closer to my level of debt. If this bull run does even proportionally close to the prior bull run, I think the value of the little bit of coin I have could out value my debt. As much as I believe in bitcoin, the thought of potentially being able to sell it and be out of debt really makes me cry. I could actually put so much money into my savings. I could start attempting to live again.
Do I think I will sell my bitcoin if that happens? I genuinely don't know. I don't want to necessarily, I think the future that bitcoin could bring is extremely bright. That being said, if it becomes enough for me to clear out my debt, the present becomes extremely bright. I could start putting money away for retirement, I could put money away for trying to buy a home, I could actually afford doctor visits and checkups. Whatever I choose to do, please don't try and persuade me either way. This is the point of bitcoin, financial freedom.
Just the thought of financial freedom...really makes me want to cry.
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