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How many bear markets make one a “veteran”?

Bitcoin Reddit

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Share your stats and stories, so the new recruits have an idea of what they can expect. I’ll go first ????

It’s been a WHILE since I’ve seen this level of bullish posts by folks apparently new to Bitcoin. When I was new, I loved reading stats from those with more experience than myself. Hope my story can provide some perspective!

First noticed: 2016: 400 USD.
First studied: 2020: 20,000 USD.
First bought: 2021: 35,000 USD.

Digital Portfolio (today) 97% Bitcoin.
Current position: up 60-80%.
Best position: up 110% at 2021 high.
Worst position: down 50% at 2022 low.

Strategy evolution:
-Initial lump sum in “crypto”. DCA. Hold on exchange for that sweet sweet yield ???? Keep on learning.
-Buy the f*ckn dip. DCA. Hold most on hardware wallet. Keep on learning.
-Limit buy orders. DCA. Immediately move all buys to hardware wallet. Metal seed plate just in case. Keep on learning.

Biggest lessons learned:
-NYKNYC. 10% of my sats are held up in bankruptcy litigation. Guess which 2 CEX’s I fell for.
-Bitcoin is king; the only true digital commodity money; the discovery of digital scarcity. There MIGHT be some worthwhile digital securities and collectibles, but 99% are scams. PROCEED WITH CAUTION OR AVOID COMPLETELY.

Favorite Quotes:
-If you don’t believe me, or don’t get it, I don’t have time to try and convince you. Sorry.
-Everybody buys Bitcoin at the price they deserve.
-You don’t change Bitcoin. It changes you.

Welcome to all the noobs out there, I was once in your shoes. Get ready for some face-melting volitility. Thank god we live in interesting times.

submitted by /u/G30M4NC3R
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