I looked at my wallet and saw a sad six figures.
It used to be seven, or it was after I converted the balance of my monthly expenses, dollar cost average, into Bitcoin and then sent it to my account. Casa cold storage.
https://x.com/pete_rizzo_/
Most of the time, buying Bitcoin is a joyful process. I would have the satisfaction of at least one little cent.
As someone who had the opportunity to buy Bitcoin for $50 (but thought better of it, LOL), it’s been a bitter time over the years, dutifully piled on in an attempt to undo my mistake.
There have been milestones, leaps of progress, while even numbers have been wiped out. However, I have to say that this purchase was particularly deflating.
Yes, with the price rising above $88,000, I knew I was buying the top, and I am confident that this purchase will one day make sense.
I’m sure that in ten years someone will look back on this post and laugh, wondering how you can buy 500,000 satoshis for $500. My purchase is already in the green.
This is the process of the Great Monetization of Bitcoin, a steady step in the progression from random numbers on a computer that were worth nothing to the next global reserve currency.
I get it, I am, as you would say, ‘bought in’. I plan to continue buying Bitcoin. After all, it is the place where I spend every waking moment of every working day.
What is this piece about? Call it an ode to malaise.
I’m sure people out there are furiously stacking, worried that the Bitcoin price will soar past $100,000 without them having one. Same with institutions, same with nation states. Serious.
What do they look at these bitcents and see? Do they buy happiness? Relief?
Bitcoin, you big mirror. With every purchase we take our place in the long arc of history.