Topic: Bitcoin changed my life - page 4. (Read 3887 times)
Mine too, but because of a change in my wealth. For reasons far more substantial. I see the potential...
Bitcoin will make you become more rich. 
Great story, Thanks for sharing.
Firstly, I have been a member of this board for quite some time. I lost my credentials, so a created a new account because I have something to say or would like to participate in ongoing discussions. Although I am happy that the newbie forum is no longer required; it did have some utility preventing spam and FUD.
Secondly, Bitcoin changed my life. How so; you may ask?
Before the 2013 bubble; I was relatively broke, jobless, and without a steady place to live. I heard about Bitcoin on a popular "news" show on a conservative cable network that someone else was watching. I then used the oracle (Google) to discern what opportunities may be available in this space. I had a few greenbacks left when BTC was under $20. The decision was made to buy. BTC hit $260ish, and I sold at an average of $190ish. I held 15% of the BTC I had purchased and spent another 2.5% on pizza and Gyft cards. It was a quasi-gamble that paid off.
Most of you know that BTC crashed swiftly upon reaching the peak in 2013. I was able to buy back on the way down at an average price of $65. By this time, I was able to afford to buy and hold without fear of going hungry. With the windfall of cash, I enjoyed a much higher standard of living than which I had grown accustomed. I learned something about myself, and many other people: I don't manage my cash very well. Also around this time, I received a windfall of cash (outside of BTC) while maintaining a fairly low standard of living. BTC was hovering pretty low and I continued to buy when people were bearish.
What is this cash problem? It spends so easily that it evaporates quickly. Fact: it is more difficult to spend bitcoin than it is to spend cash. This has resulted in me using bitcoin primarily as a storage of wealth. I must confess that I sold a bit of BTC on the China $1000+ bubble. I also started buying back at $800ish, and have continued to buy on the way down until recently at $400ish. Am I "worth" 1/2 as much now as I was in January? Simply; yes. However, I have a hell of a savings account that no one can take. I also believe that my savings account will be bigger in one year no matter what bitcoin does in the interim.
There are a few things that I would like for all bitcoiners to do or at least think about doing:
1. Buy more. But, BTC is going down; right? This, my friends is the time to buy IMO. So much is developing around BTC that I do not see it devaluing to any greater extent.
2. Spend some BTC on things you were already going to buy and make sure to buy back with the cash you otherwise would have spent on the product you purchased.
3. Give some to friends, family, and other good causes. Make it a non-trivial amount. This fosters adoption more than any other activity. My mom got bitcoin for Mother's Day.
4. Don't speculate for purely speculative reasons with money that you need for other things.
5. Talk with local businesses about accepting your coin for their product. Small business listens.
Bitcoin is like most things. It is not Republican, Democrat, or Libertarian. It is not Christian, Muslim, Jewish, or atheist. It is not white, black, brown, or any other race. Bitcoin is what you make it; much like your own life. It is currency and information for everyone. We have yet to realize the true potential contained therein.
Secondly, Bitcoin changed my life. How so; you may ask?
Before the 2013 bubble; I was relatively broke, jobless, and without a steady place to live. I heard about Bitcoin on a popular "news" show on a conservative cable network that someone else was watching. I then used the oracle (Google) to discern what opportunities may be available in this space. I had a few greenbacks left when BTC was under $20. The decision was made to buy. BTC hit $260ish, and I sold at an average of $190ish. I held 15% of the BTC I had purchased and spent another 2.5% on pizza and Gyft cards. It was a quasi-gamble that paid off.
Most of you know that BTC crashed swiftly upon reaching the peak in 2013. I was able to buy back on the way down at an average price of $65. By this time, I was able to afford to buy and hold without fear of going hungry. With the windfall of cash, I enjoyed a much higher standard of living than which I had grown accustomed. I learned something about myself, and many other people: I don't manage my cash very well. Also around this time, I received a windfall of cash (outside of BTC) while maintaining a fairly low standard of living. BTC was hovering pretty low and I continued to buy when people were bearish.
What is this cash problem? It spends so easily that it evaporates quickly. Fact: it is more difficult to spend bitcoin than it is to spend cash. This has resulted in me using bitcoin primarily as a storage of wealth. I must confess that I sold a bit of BTC on the China $1000+ bubble. I also started buying back at $800ish, and have continued to buy on the way down until recently at $400ish. Am I "worth" 1/2 as much now as I was in January? Simply; yes. However, I have a hell of a savings account that no one can take. I also believe that my savings account will be bigger in one year no matter what bitcoin does in the interim.
There are a few things that I would like for all bitcoiners to do or at least think about doing:
1. Buy more. But, BTC is going down; right? This, my friends is the time to buy IMO. So much is developing around BTC that I do not see it devaluing to any greater extent.
2. Spend some BTC on things you were already going to buy and make sure to buy back with the cash you otherwise would have spent on the product you purchased.
3. Give some to friends, family, and other good causes. Make it a non-trivial amount. This fosters adoption more than any other activity. My mom got bitcoin for Mother's Day.
4. Don't speculate for purely speculative reasons with money that you need for other things.
5. Talk with local businesses about accepting your coin for their product. Small business listens.
Bitcoin is like most things. It is not Republican, Democrat, or Libertarian. It is not Christian, Muslim, Jewish, or atheist. It is not white, black, brown, or any other race. Bitcoin is what you make it; much like your own life. It is currency and information for everyone. We have yet to realize the true potential contained therein.
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