{"id":20247,"date":"2024-11-13T16:44:38","date_gmt":"2024-11-13T16:44:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=20247"},"modified":"2024-11-13T16:44:38","modified_gmt":"2024-11-13T16:44:38","slug":"i-bought-bitcoin-today-and-felt-nothing","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=20247","title":{"rendered":"I Bought Bitcoin Today \u2013 And Felt Nothing"},"content":{"rendered":"

I looked at my wallet and saw a sad six digits.\u00a0<\/p>\n

It used to be seven, or such was the case after I rolled over the balance of my monthly expenses, dollar cost averaging into Bitcoin and then sending it to my Casa cold storage<\/a>.<\/p>\n

Follow Rizzo on X.<\/p>\n

https&colon;&sol;&sol;x&period;com&sol;pete&lowbar;rizzo&lowbar;&sol;<\/p>\n

Usually, buying Bitcoin is a joyful process. I\u2019d have the satisfaction of picking up at least a bitcent<\/a>.\u00a0<\/p>\n

As someone who had that chance to buy Bitcoin at $50 (but thought better of it, LOL) it’s been a bitter time over the years, dutifully stacking away in an attempt to undo my mistake. <\/p>\n

There\u2019ve been milestones, leaps of progress, as even numbers were chipped away. I have to say, though, this purchase was particularly deflating. <\/p>\n

Yes, with the price soaring over $88,000, I knew I was buying the top, and I have every ounce of confidence that this purchase will be meaningful someday.\u00a0<\/p>\n

I\u2019m sure in 10 years someone will look back at this post and laugh, marveling about how you could buy 500,000 satoshis for $500. Hell, my purchase is already in the green.<\/p>\n

This is the process of Bitcoin\u2019s Great Monetization, a steady step on its progress from random digits on a computer that were worth nothing to the next global reserve currency.\u00a0<\/p>\n

I get it, I\u2019m, as you would say, \u201cbought in.\u201d I have every intention to keep buying Bitcoin. After all, it\u2019s where I spend every waking moment of every work day.<\/p>\n

What is this piece about? Call it an ode to malaise. <\/p>\n

I\u2019m sure people are out there furiously stacking, afraid the Bitcoin price will run past $100,000 without them having any. Same with institutions, same with nation states. Seriously<\/a>.<\/p>\n

What do they look at these bitcents and see? Are they buying happiness? Relief? <\/p>\n

Bitcoin, you great mirror. With every buy, we take our place in the long arc of history.<\/p>","protected":false},"excerpt":{"rendered":"

I looked at my wallet and saw a sad six digits.\u00a0 It used to be seven, or such was the case after I rolled over the balance of my monthly expenses, dollar cost averaging into Bitcoin and then sending it to my Casa cold storage. Follow Rizzo on X. https&colon;&sol;&sol;x&period;com&sol;pete&lowbar;rizzo&lowbar;&sol; Usually, buying Bitcoin is a […]<\/p>\n","protected":false},"author":0,"featured_media":20248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20247"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20247"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/20248"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}