MultiversX Tracker is Live!

My Bitcoin journey (so far)

Bitcoin Reddit

More / Bitcoin Reddit 47 Views

Putting it out there to serve as a caution or inspiration for other bitcoiners (whichever it may be).

I got into bitcoin middle of 2021. Did not know much about it, just became aware that it was a fast appreciating asset. I had not researched the 4 year cycle or anything.

My first buy was at $46k or so. After that, I bought several times all the way to $66k and downwards back to $45k or so throughout the remainder of 2021.

Then the full horror of the bear market hit in early 2022. I froze like deer in the headlights - did not sell, but unfortunately stopped buying as well.

I screwed up some courage and bought a little when the price seemed super stable at $20k in mid-2022. Then FTX scandal happened and for a while all seemed lost. At the absolute worst time in winter 2022, my BTC was worth $30k and I thought it would go to ZERO - just screw it. It helped tremendously that it was just 2% of my overall portfolio - I could afford to HODL and write it off though it would hurt.

Anyway, it slowly recovered in 2023 and I HODLed on, not buying any more (again missed opportunity in hindsight).

Come 2024, the ETFs got approved and I started buying again. I have been buying all year long from $45k till $72k (which was my last buy). Now have a decent stack and will continue to DCA.

The biggest lesson I have learned is to never stop buying. Continue to DCA, no matter the price. If I had bought during the dark days of 2022 and 23, I would have had a lot more Bitcoin than I have today.

The second biggest lesson I learned is to not trade Bitcoin. It is frighteningly volatile and while it may seem like one can buy low sell high and buy low again, there are tax implications and it can suddenly jump up like this week and leave traders rekd. I am glad that I have only bought and not sold.

Now what? I hope to keep buying and not selling any bitcoin for several more years until my stack reaches $1M. Then I will evaluate if I want to use some of it.

submitted by /u/True-Whereas6812
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments