In mid 2012 I bought 600 Bitcoin


#1

In late 2012 I bought 600 BTC. I bought it because I thought in a sense I was donating to a cause, not for an investment. It went to $950. At one point my $4000 was worth half a million, which was almost 10× my portfolio. I sold 5 Bitcoin and spent a bit for some weed on the silk road (I was 20, please forgive me. Besides, back then, other than an eBay type website that you could buy gift cards from, you couldnt get much with bitcoin. Anybody remember the famous pizza?) Than bitcoin tumbled to $300. I invested in Doge with some of it, lost a lot there. I had over 5mil doge coin lost in a reddit tip wallet. I took my family on vacation through expedia after i had each of my kids, now 3. And once with my mom, so she could take the grand kids to disney world (she always wanted to take me and my sisters but single parent life sucks) After all the investments I should not have made, and the fun I do not regret having, I am a proud owner of 1.5 BTC. The reason I made this post is so people can see the ups and downs of Bitcoin. Please understand, everything is about price now, but at one point it wasn’t. It was the dread pirate Roberts sticking it to the man, it was people using bitcoin as a way to protest our government bailing out banks and letting us middle class and lower suffer. Trust me when I say a 50% change in bitcoin is not strange. I personally hope it shakes the greedy people off and liberates us like it was designed to do. A world wide currency, untouchable by our greedy governments. If I want to send money to a young man in Taiwan because I believe in his invention, I should be able to. Just as I once sent money to a magic card trading website in exchange for magic internet money because I believed in the cause.

Edit: fat fingers, cell phone post.

Tl;dr: Bitcoin is not just about investing, it is about protesting the monetary system you have been forced to use.

Source


#2

Yeah I feel you, I had 200 at one point, I put everything into bitcoin because I figured if I kept the money in fiat I’d be supporting “them.”

Really it’s people like you who made what is happening now possible and you deserve more credit. If we can somehow concentrate and mobilize the community there is still plenty of room for more action.

I don’t really regret spending almost all of it. If I still had all of it I probably wouldn’t be motivated to be working on my own project. A lot of people get destroyed by winning the lottery. I’m similar stories of people who got rich in crypto will start turning up eventually.