r/Bitcoin • u/Onebadosteopathswag • 2d ago

Ya'll are amazing. I'm so damn impressed by Bitcoin

Bitcoin is my go-to investment. I have loved it since I first bought 5 for $10 and sold them for $15 way back, and I've also bought bitcoins for other reasons that expanded my mind years ago. Nowadays, I'm actually buying and holding bitcoin, which is what I have always should have done. I bought half a bitcoin the other day at a higher price than I could have but I don't give a damn, I will hold onto it forever, and every time I get paid I'm putting a decent amount of my paycheck into bitcoin.

Bitcoin is so damn resilient, 1/1.
and if we go by value My portfolio which is mostly bitcoin has been very resilient during the recent chaos, meanwhile my gf who mainly does large caps/big tech and has a way larger value portfolio has absolutely bled due to the tariffs. Seriously thank you for encouraging me to invest in what I always thought was the best investment. Ya'll are legends and way ahead of everyone.

268 Upvotes

89% Upvoted

41 comments sorted by

46

u/GrouchyAd9824 2d ago

I've been here since it was around $400 and it keeps blowing my mind over and over again. It's gone from speculative to a staple for me. I first bought it for fun because it seemed like a perfect asset, but doubted it would really catch on. The CME futures release got me thinking it was less speculative, now with the ETFs and everything else going on, it has became almost my entire portfolio.

13

u/Hot_Establishment216 2d ago

Question... Everyone is cheering about how well it's holding up at the moment. Since you've been around a while, do you think people are being overconfident? I can see people switching from a "buy opportunity" mindset to "oh crap, I might actually get laid off in this economy" and start pulling out. But I can also see institution adoption dampening impacts of people withdrawing, if that were to happen.

16

u/GrouchyAd9824 2d ago

If it genuinely is gold 2.0, I'm hoping and betting on it performing like gold did if there's a severe economic downturn. I lost my job and basically everything after the '08 recession (the effects really hit me around 2010-2012), but I had a small gold and precious metals inheritance that I sold at all time highs to rebuild with. Gold took a small dip when the recession first hit, but it went on a parabolic run right after.

I wouldn't have bet on that prior to this year, but now if there really is a chance for it to do what it was designed to do, the time is now.

3

u/Hot_Establishment216 2d ago

That makes sense and thanks for sharing. Sorry you had to go through that in 08, I can only imagine the hours of lost sleep. I was laid off in 2023 and facing another potential this year - you learn a lot about yourself in times like that.

I'm very interested to see how this plays out. In a very particular way it feels like a win-win. If you believe in BTCs long term. If it goes up, it shows strength and further gains validity. If it goes down, okay so it's impacted by market (which makes sense because people lock in liquidity during uncertain times), but we also get dip buying opportunities. Then again, if I lose my job I sure would like my BTC to maintain its values if I need it... Like you were saying with precious metals.

But that might be just me, I'm trying to catch up before the price for 1btc is prohibitively expensive, which is already extremely challenging. Dips are better entries and yield a higher ceiling

5

u/GrouchyAd9824 1d ago

Really taught me the value of living under my means and having significant savings. It also taught me that losing everything isn't so bad, I lived in a crappy old RV for years after selling everything I had including my house and car. If that happens again, I have enough equity now even if everything crashes to just call it "retirement".

4

u/Hot_Establishment216 1d ago

100%. Income drift got me bad, and it's completely reframed my spending. I'm retrospect, I'm pretty disappointed in myself.

I haven't lost everything before, but it's a very real possibility with me being in clinical research and everything going on these days. That's wild you went through selling literally everything, but it sounds like you found a valuable silver lining. I'll keep that in mind as life gets hard.

Really appreciate you sharing, that provided a meaningful perspective for me.

3

u/GrouchyAd9824 1d ago

FWIW, I remember '08 happening and it wasn't expected at all. Peak euphoria was happening before the house of cards fell and took everyone by surprise. Recession fears have been on the horizon front and center for the last couple years and you're seeing talks of it now more than ever. This is more a gray swan because tariffs were expected, they're just more extreme than anyone thought. 2008 was multiple unrelated events happening at the exact same time entirely unexpectedly that caused a crash throughout the entire economy.

Think the FTX collapse, Celsius, Bond Crisis, SVB collapse (and others), Japanese Carry Trade, etc. happening at the exact same time rather than be spread out over years. Couple that with multiple other parts of the economy being held up by twigs and that was 2008. The global economy has built a much more sound foundation after that happened, not saying it's impossible, it was just an extremely unusual event that happened and it's been prepared for going forward.

15

u/8307c4 2d ago

Way back... Way way back I had a miner contact me asking if I would buy 500 bitcoin for $1000... This was in the early days, and the truth of it was the bitcoin was worth about a dollar each. Also unfortunately the chance of that having been a total scam that would've simply took my thousand and left me with nothing, coupled with the fact that I knew very little of bitcoin scared me away.
I do wish I had checked further into it then, I didn't buy into bitcoin until it was in the $5000-$8000 range but who is to say... Early adopters sure they can get very rich, but they could've also lost it all, such a big gamble.
Today we all know, bitcoin is here to stay.

-11

u/Aggressive_File2979 2d ago

Same in the early days i bought 22millions BTC

0

u/8307c4 2d ago

No you didn't.

-4

u/Aggressive_File2979 2d ago

Trust me bro send your seed phrase and i will send you 20m

1

u/8307c4 2d ago

No, you won't.

1

u/TortueGenial155 1d ago

No with your seed sentence he drains you 20 million 😅

1

u/8307c4 1d ago

Why the down vote, I don't have 20m TO drain.

1

u/8307c4 1d ago

Tell you what thou, genius...

-1

u/8307c4 1d ago

Also no.

3

u/TheCoin-Files 1d ago

Understanding Bitcoin well makes it very difficult to consider other forms of investments!

8

u/Complex_Breath647 2d ago

any idea what just happened? Btc just dropped by about $600 in 20 minutes

21

u/ieatmoondust 2d ago

It's the weekend. People need that cocaine money.

10

u/Onebadosteopathswag 2d ago

Weekend dips happen due to lighter volume. That said this is within the standard volatility range.

5

u/GrouchyAd9824 2d ago

I'm watching the orderbooks, it's surprisingly decent volume right now. Either way, $600 isn't anything and weekend trading rarely means anything. In all my years, i've only seen maybe a dozen times when weekend price action is anything significant.

2

u/Complex_Breath647 2d ago

👍Thanks for all the explanations

3

u/[deleted] 2d ago

It dropped $950 from 6-6:20am EDT yesterday. Don’t worry about it.

3

u/LordIommi68 1d ago

600? Oh nose!

5

u/AutomaticEase8588 1d ago edited 1d ago

If you can't handle a 0.5% drop, you need to stay away from crypto. You'll off yourself when it drops 10%

1

u/Onebadosteopathswag 1d ago

for real dude. this is the facts. bitcoin has 20% variance/spread within range even in bull markets. these are little volatility. most of the lows of bear cycles have never been touched again.

1

u/Designer-Garage-3289 1d ago

the healthiest way to go about it is to stop checking the price. most people can't though, and it took me years to be able to.

2

u/HodlVitality 1d ago

Is there a price if no one checks to see it? Lol jk🌳

2

u/Vannevar_VanGossamer 20h ago

I’ve increasingly seen Bitcoin as the hard money itself and not an investment vehicle for fiat

4

u/[deleted] 1d ago

[deleted]

2

u/Onebadosteopathswag 1d ago

you are awesome. I learned so much from these experiences about myself and the world, changed my music tastes completely and I appreciate nature so much it's ridiculous.

1

u/MPH2025 1d ago

Thank you, thank you!

<takes a bow>

We do our best here at Bitcoin Inc.

1

u/silentwrath47 1d ago

Damn bro, props for sticking to your gut. You’ve been ridin’ with Bitcoin since day one, and now it’s payin’ off - that’s sick. Not everyone’s got the balls to hold like that, especially when trad markets be bleeding. Feels good when your conviction starts to look smart as hell, huh? Keep stackin’, you’re doin’ it right

1

u/Trader0721 20h ago

Downvoted for saying to slow your roll and sure enough down 8% and heading lower…I still believe in it but when recessions hit there is nothing safe

0

u/Trader0721 1d ago

Slow your roll…this shit is barely a week in…

-8

u/ChobberClang 2d ago

You should check out MoveQuest then it’s could be bigger the Bitcoin

3

u/Onebadosteopathswag 1d ago

fuck no. move quest can move tf out