My Journey Into Crypto: From Shitcoins To Bitcoin

DISCOVERING THE STOCK MARKET DURING LOCKDOWN

In the throes of the 2021 COVID-19 lockdown, boredom led me to explore the stock market. Tiger Brokers and Interactive Brokers became my portals into the world of traditional investments. However, the returns were underwhelming, and I yearned for something more dynamic.

CRYPTO: A 24/7 ALTERNATIVE

1. THE QUEST FOR DYNAMISM

The 24/7 nature of the crypto market intrigued me. Eager for a more thrilling financial journey, I delved into the realm of cryptocurrencies, signing up for every new exchange promising lucrative yields on an array of enticing yet obscure altcoins.

2. THE SEDUCTION OF SHITCOINS

My early crypto days were marked by a degen-trading phase. Driven by promises of astronomical returns from obscure developers, I navigated the volatile world of shitcoins. A few initial losses served as a wake-up call, prompting me to reconsider my strategy. Below are a list of Crypto Exchanges and Stock Platforms that I used.

BITCOIN: A LATE BUT EYE-OPENING DISCOVERY

1. THE $64,000 QUESTION

Bitcoin was not my first encounter in the crypto space. The allure of cheaper shitcoins initially diverted my attention from the pioneering cryptocurrency. At $64,000 per Bitcoin then, it seemed like an unattainable fortress compared to the seemingly more accessible alternatives.

2. A WELCOME REALIZATION

As my journey in crypto unfolded, I stumbled upon the Bitcoin white paper. This marked a pivotal moment of realization. While the allure of shitcoins had its appeal, Bitcoin, with its foundational principles, captured the essence of what I was seeking in the crypto space.

FROM DEGEN TRADING TO NEST EGG GROWTH

1. A COSTLY LESSON

Dabbling in degen trading taught me a costly lesson. As a crypto novice, I lost a few hundred dollars chasing after quick gains. It became evident that my initial approach was hindering, not aiding, my objective to grow a substantial nest egg.

2. EMBRACING THE RABBIT HOLE

The more I read about Bitcoin, the deeper I went into the rabbit hole. Understanding its scarcity, decentralization, and store of value attributes, I began to perceive Bitcoin not just as a cryptocurrency but as a foundational asset in the evolving financial landscape.

BITCOIN: THE AWAKENING

1. RATIONALE BEHIND THE DELAY

The delay in discovering Bitcoin was rooted in a perceived financial barrier. The misconception that 1 Bitcoin was too expensive compared to seemingly more affordable shitcoins blinded me to the larger potential and stability offered by Bitcoin.

2. THE SHIFT IN PERSPECTIVE

My perspective underwent a radical shift as I grasped the core tenets of Bitcoin. It was not just about the price per coin; it was about becoming part of a decentralized revolution that challenged traditional financial norms.

THE RISE FROM SHITCOINS TO BITCOIN ENTHUSIAST

1. EMBRACING RESPONSIBLE INVESTING

The transition from shitcoins to Bitcoin marked a shift toward responsible investing. Rather than chasing short-term gains, I focused on the long-term potential and stability offered by Bitcoin.

2. BECOMING A BITCOIN EVANGELIST

My journey into crypto, from the erratic world of shitcoins to the stability of Bitcoin, turned me into a Bitcoin evangelist. I began sharing my experiences, advocating for understanding the fundamentals, and embracing the larger vision of financial sovereignty.

A JOURNEY WORTH TAKING

In retrospect, my journey into crypto was an adventure filled with highs, lows, and valuable lessons. From the enticing yet precarious world of shitcoins to the stability and promise of Bitcoin, every twist and turn has been a step toward a more informed and empowered financial future. I solely hold Bitcoin only now, and Ethereum/USDC/USDT for gas fees and trading.

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