Oddbean

If there is something I want people to take to heart. If I had to lose all my bitcoin in a boating accident. For real. Or had it taken in a $5 wrench attack. Or lost my private key while moving house. Let's say I had zero sats to my name. I would still champion bitcoin as a freedom technology because my love for and interest in bitcoin did not start with ngu. Ngu was immediately evident to me but was not what sold it to me. I saw a treasure more valuable than living in comfort and luxury. I saw a weapon that lifted the downtrodden and oppressed. A new hope for liberation from tyranny invisible yet tangible. Why continue to preach/support bitcoin if uninvested? Because it is noble to be happy for the victory and wealth of all disadvantaged people through disposition of restrictions on private property. PS: They will never get my bitcoin and I will never sell it.

I got in back in 2011, and I made a foolish decision to sell in 2021. I realized a ton of profit, but I'd give my left nut to get back every last sat I sold. But since I can't go back in time, I got back in and started making regular purchases again. And while I'm not at the profit level I was in when I sold out, I'm seeing a substantial appreciation. I won't make that mistake again. I'm in for the long haul.

I did. I was in a bad situation and I needed money. Selling out was the easiest way to get the cash I needed in the moment. I remember talking myself into it, thinking I had been in for 10 years and had a good run. Thinking that I should get out before something happened to cause the price to plummet, and I'd be smart to get out to lock in my profits. I felt sick to stomach as soon as I did, and I think I knew in the back of my mind that I had made a bad choice. I probably could have gotten the money I needed some other way, but it was just a perfect storm of circumstances and timing that led me to take the easy way out. I decided to get back in about a year ago, and have just focused on making regular purchases. While I regret what I did, the money did fix my problem and allow me to raise my standard of living, and now that I'm stacking again, I feel a little better about myself, and where I'm going. Just gotta keep looking forward, and not let past regrets dictate my life.

The average price for one bitcoin in 2011 was $3. Holding for 10 years you should have been able to buy a substantial private island. Your financial urgency must have been a kings ransom. Are you funding the war in Ukraine or something?

Perhaps. It wasn't without its benefits. But when you've turned $1000 into $4.5 million, you think about it differently. I was consumed by an irrational fear that the price was going to fall out at any moment, which was driving me towards selling, but at the same time I was thinking, "what if the price just keeps going up? What if I'm ultimately screwing myself over by selling now?" I think the deciding factor was my immediate need for cash. I had seen significant profit, beyond my wildest expectations, and figured I had a good run and should just get out now. Money has a funny way of influencing your thoughts.

Naaa... It was a fair comment. It's a lot of money we're talking about. What's crazy is that I was in rough shape when I bought the bitcoin back in 2011. I was dealing with some medical issues, and I was living in a hotel. I had been saving for the up-front fees required to move into an apartment, and I made the impulsive decision to buy the bitcoin instead. It was a gamble, and it took me another 6mo to get an apartment and move out of that hotel, but it was ultimately a great decision tho I was regretful and ashamed at the time. It's crazy how life works out sometimes.

Well, I'm not suffering from extreme OCD, and eccentricities. And my parents didn't leave me with a mountain of money. I'm just a guy who was struggling, but got back on my feet, and then got lucky on a chance I took 10 years ago. I could just as easily still be struggling.

Lol That's an AR Emoji from Samsung. The creator app is included with every Samsung phone. It produces an array of static images and profile pics, as well as little animated movies that feature your emoji dancing. My avatar is the AR Emoji pose I like best.