Chapter 1: The Spark of Interest

My foray into Bitcoin began in 2014, following my curiosity about the dramatic events surrounding Mt. Gox in 2013. After the prominent exchange shut down, I decided to make my first investment.

“Come for the Price”

Many are drawn to Bitcoin for its price fluctuations, yet they often remain for the revolutionary potential it represents. This sentiment rings true for many newcomers. The allure of volatility and the prospect of gains is what brings them into the fold.

While I was initially motivated by price, my interest also stemmed from more profound ideas. My libertarian principles and prudent financial habits led me to appreciate Bitcoin's promise of financial independence and a universal currency.

Step by Step

Learning about Bitcoin is a gradual process that often spans years. Many individuals don’t truly grasp its significance until they own some. Initially, despite my readings and purchases, I found myself bewildered. However, I sensed its uniqueness from the outset.

I don’t consider myself lucky for buying Bitcoin in 2014; rather, I feel fortunate to have gained insights through various experiences. I navigated different exchanges, traded, and engaged with altcoins, all while absorbing lessons from the vibrant Bitcoin community.

Bitcoin education is a journey that rewards patience and long-term thinking, fostering a commitment to accumulation.

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Chapter 2: The Lessons Learned

In this video, Matt Odell discusses the importance of staying humble while building a Bitcoin portfolio, emphasizing the value of consistent investment.

Mistakes Along the Way

Mistakes are an inevitable part of the Bitcoin journey. We all experience missteps, like trading at inopportune times or making errors on new platforms. However, each mistake serves as a valuable lesson.

The true hardships associated with Bitcoin are faced by individuals in crisis situations—like refugees or those in hyperinflationary environments—highlighting the urgent need for financial security.

The Reasons to Invest

There are both benign and pressing motivations for embracing Bitcoin. While some seek it for inflation hedging and diversification, others are driven by immediate concerns like government instability.

2017: A Breakthrough Year

The year 2017 marked a pivotal moment for Bitcoin, propelling the entire cryptocurrency sector into the public consciousness. Starting near $900, Bitcoin surged to nearly $20,000, capturing headlines worldwide.

However, following this meteoric rise, the market entered a prolonged downturn, creating a crypto winter that lasted until the 2020 halving—a period that coincided with the global pandemic.

Many new participants exited during the bear market, misinterpreting Bitcoin as a temporary fad rather than recognizing its potential for long-term growth.

Stacking Sats: A Simple Strategy

The phrase "stack sats" encapsulates a straightforward investment approach: accumulating small amounts of Bitcoin over time, which can help mitigate the effects of market volatility. This strategy, known as dollar-cost averaging, allows investors to engage with Bitcoin without needing to purchase a whole coin.

Getting Off Zero

People often ask how much Bitcoin they should hold. While there’s no definitive answer, many are starting to realize that having zero exposure isn’t a viable option.

Taking that first step—making any purchase—opens the door to the Bitcoin community and broadens one’s perspective on cryptocurrency.

Investors like Bill Miller and the Winklevoss twins have showcased significant Bitcoin allocations, signaling a shift in perception from skepticism to acceptance among major financial players.

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Chapter 3: The Future of Bitcoin

This video explores what "stacking sats" means and why it's a fundamental concept for new Bitcoin investors.

Early Days Ahead

The journey with Bitcoin is just beginning. If you've encountered Bitcoin and then moved away, it’s still here, waiting for your return. For newcomers, there’s no need to feel late to the party—the world is still waking up to its potential.

Conclusion: My Belief in Bitcoin

I have unwavering faith in Bitcoin's unique attributes, such as its resistance to censorship and its ability to foster global connections. I envision it as a new form of currency and an innovative store of value.

Bitcoin stands at the forefront of a financial evolution that many are still trying to comprehend. Its potential for individuals and nations alike is limitless.

As economies seek solutions to systemic issues, Bitcoin presents itself as a constructive tool. Its agnostic nature ensures that it won’t impose itself on anyone, instead continuing its quiet growth amid global changes.

A Bitcoin Standard

The idea of a "Bitcoin standard," popularized by Saifedean Ammous, encourages individuals to view their lives in Bitcoin terms without needing to go all-in. By stacking sats over time and embracing personal ownership, one can deepen their understanding of Bitcoin’s significance.

I believe in Bitcoin.