Bullish on Bitcoin
I'm sure you have all heard this a million times before but this is my story. In 2015 I researched the crap out of Bitcoin and came to the conclusion that it had a lot of potential. I purchased 10 Bitcoins for $225 a piece through Coinbase. I then stored the Bitcoin in a cold wallet and put the address on a piece of paper in my safe. I told myself that I was going to forget I even bought the Bitcoins and that I wasn't going to take that piece of paper out of the safe for 20 years, and at that time it would either be worthless or potentially worth a lot of money.
In January of 2017, the price of Bitcoin skyrocketed to over $1,000. I had made almost five times my money in a very short time. $10,000 was real money to me at the time as I had kids nearing College age, a lot of bills to pay, etc. As the price of Bitcoin hit almost $1,200 I was feeling very rich. But just as soon as it went to $1,200, it crashed all the way back below 800. I felt as though I had been wiped out almost overnight, as my Bitcoin lost almost a third of its value. Almost as soon as the price crashed below $800, it went back up to $1000. At that time I did what I said I would never do. I took the Bitcoin wallet address out of my safe, put it back in my coinbase account and sold for $1,000 per Bitcoin, turning my less than $2,500 investment into a cool $10 grand.
Fast forward to earlier this year when Bitcoin hit $125,000. Talk about a lot of regrets selling those 10 Bitcoin. But I also remembered I still had my coinbase account. Much to my surprise I learned that I had a few sats still in my account. Coinbase had given me a dollar worth of bitcoin when I opened the account and at the time Bitcoin was $225. That $1 worth of bitcoin they gave me was now worth over $550, lol. They also gave me another dollar worth of bitcoin for completing a transaction online which I did. The price at that time was around $250. So I was extremely surprised and grateful to see that my $2 worth of free bitcoin was now worth over $1,000.
I am now almost 60 years old and approaching retirement. Up until the last couple of months I had done no crypto investing since my first Bitcoin purchase. The money I received from selling my Bitcoin I invested into hard assets such as silver which I really have enjoyed stacking. But stacking silver was a lot more fun when the price was under $25 an ounce.
Tom Lee is now saying that retirees are going to start piling into Bitcoin as an alternative asset class. Although I am not yet retired, I feel as though I am living proof of his thesis. I think I have more conviction in Bitcoin now at $90,000 than I did at $225. Even though my Bitcoin Holdings now are a mere fraction of what I had previously, my dollar amount invested is much higher. I am really enjoying stacking crypto now and watching my balances grow. I am investing weekly in Bitcoin through my Strike account. I believe the value of Bitcoin will be significantly higher in the years to come. Good luck everyone!
submitted by /u/Superchief440
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