The internet is a great source of amazing stories, and Reddit’s r / Bitcoin is no exception. In recent years, several Redditors and Bitcoiners have used the social platform to share their stories and experiences about discovering, buying and selling cryptocurrencies. Some of them won big, some lost a lot, but they all learned something.
1. Bitcoin as a cure for depression and anxiety
A few years ago, Redditor Daurgothoth was depressed, anxious, and borderline paranoid. “A keen interest in politics and business combined with public education will do that to people today. Throughout the entire public education machine I wondered … Why are they doing things this way? I mean, it’s the 21st century and we live in the richest country in the world. “
Then Bitcoin was born, but Daurgothoth didn’t really understand the potential of the cryptocurrency back then. However, Bitcoin eventually conquered this Redditor: “If you really believe in the core principles of Bitcoin, then the free market must be damn important to you. If, like me, you believe that the free market is the most powerful, then there will be no need for any kind of violence. Our product is far superior to any other product on the market today and can adapt as quickly as we need it to so that we will win. “
This bitcoiner then announced that it intended to become fiat-free by January 1st, 2015. I will pay my bills in bitcoins. I will invest in bitcoins and secure my own bitcoin investments. “
We wonder if he did!
2. Crypto Regrets
“I came into contact with Bitcoin in 2012 for the first time. A bitcoin was worth $ 4 at the time. I was instantly hooked and knew that one day bitcoin would be huge. Unfortunately, I was also very poor. The highest I could afford to buy was $ 400 (100 BTC) in value. ”This is how SuperDuperDerp’s story begins on Reddit.
“The price hasn’t moved much so after a couple of weeks I stopped looking. When I came back to it a month later, the price had risen steadily to $ 8 a coin. Surprised by my stroke of luck and thinking it was too early for Bitcoin to really take off, I sold all 100BTC for $ 800 and planned to buy again if the price fell. ”However, he never did. “I watched it climb and climb until I finally bought back about $ 100 and earned myself 8 BTC.
“I let my feelings get the best out of me and panic sold / bought a couple of times during the turmoil of 2013 and last had to sell a few BTC as I was in a tough spot,” the Redditor adds to his or her story.
“Now I have a little more than 2 BTC and I’m slightly better off than in 2012. I like to believe that if I had been financially comfortable in 2012, I would have bought a piece of BTC to save in the long term and it wouldn’t have been . ”To sell so quickly. But who knows? It takes money to make money. “
3. The older bitcoiner
The Redditor Sovereignlife shared its story on Reddit when it was 65 years old. A few years earlier, he bought his first BTC when it was only $ 6 and surrendered completely to the power of cryptocurrency.
“I believe that [Bitcoin] is the future. I also know that this is the greatest freedom technology that has been developed in my life and I am excited to see the progress and development in this area. “
All of this reinforces the ideas in a book I read in 2000, Sic Itur Ad Astra (This is the Path to the Stars) by astrophysicist Andrew Galambos. He claimed that freedom would never come through the ballot box, revolution, protest or violence, but through technology and the free market.
He predicted that freedom would be a product that people would want, and that freedom would be delivered – not by politicians and other sociopathic scammers, but by talented people who make products and services that promote that freedom.
Now, just 14 years later, I see the truth of Galambos’ words that technology and the free market deliver what was previously impossible – freedom for humanity.
This Redditor claimed he was “thrilled to be living at such a time in history, seeing the change in the mindset of young people – and hopefully a lot of freedom to see what’s left of my own life.”
4. How BTC ruined this man’s life. Well, something like that …
In 2010, Italian Redditor Rengade – who identified himself as Guido – found out about Bitcoin and mined a few. However, since he didn’t expect the cryptocurrency to grow that much, he forgot about his digital coins and eventually lost them when he bought a new PC and hard drive.
However, in 2014, Guido noticed the rising price of Bitcoin and remembered its cryptocurrency. “I was shocked how a small virtual coin that was mined by computers could have made so much money. I had a few bitcoins and looked everywhere, but nothing, not a single 0.000000001. ”Then he tried to invest some money, but to no avail or big profits.
“Since that day I regret every minute of my life, I could have changed it forever to help my family and friends. I never thought of becoming a millionaire and I don’t want to, but – damn it – € 20 in 2010 and now my life could have been different. I can’t sleep (…) and now go to a psychologist who helps me, but nothing. I regret every single moment. “
At this point it gets even darker for Guido. “I’m so bad at making decisions that I can’t even end my life.”
“I’m addicted to those numbers in my wallet. (…) Nobody seems to understand me, they just tell me that ‘life goes on’, but that’s not true. How can my life go on with this kind of suffering? I don’t even know why I’m writing to strangers here, but I probably need someone who can convince me that life really goes on, that this is missing [Bitcoin] Zug could be a sign of something else. I don’t really know that I’m not here to beg for bitcoins, I’m trying to find emotional help because I can’t really go on living. “
5. The big investor
Redditor cryptocomicon recently went to Reddit to share its success story. “A few years ago I watched Bitcoin go from $ 20 to $ 256 and then crash. I wanted to buy in advance but couldn’t pull the trigger. After the crash, I waited to see if Bitcoin was going to die, but it didn’t, so I read the whitepaper and immediately loved it. “
This bitcoiner then started accumulating when BTC was around $ 95 and stopped when each crypto coin crossed over $ 330. Cryptocomicon then sold about 1/4 of its position in the rebound at about $ 1,020, after rising $ 1,200. “At that point, I owned about 220 BTC free and clear.”
“I mainly accumulated in the 220-280 range during this extended correction. Bitcoin makes up 2.6 percent of my net worth. Home equity is 70 percent, gold bars 16 percent and silver bars 7 percent. Of these, I see home ownership as by far the riskiest. “
And this is where Cryptocomicon changes its tone from telling its story to promoting Bitcoin as a reliable investment. “For those who are skeptical about Bitcoin, I’ll just show them the charts and say, why didn’t Bitcoin die? I was at one of the first conversations for Andreas A. He said that Bitcoin will either be worth nothing or a lot. I agree.”
Well, this Redditor sees Bitcoin on the mainstream news every day and he knows that most of the wealth out there is an illusion. “When the next financial crisis hits, people will be faced with the critical need to find out what wealth is illusion and what wealth is real. I expect Bitcoin to emerge from this chaos as a big winner. “
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