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Refresh 2021-01-12 01:52:20

I must have written about 5 posts on bitcoin between 200words and here. 
I shared when I first decided to get in. I shared how I felt when the market stalled. And I shared when the price of bitcoin doubled in 22 days. I think it is fair to say that I have experienced all the emotions that anyone who is gambling does. 

I have not invested before cause I never felt like I knew enough to do the right thing. I also have an addictive personality so I was afraid of the high of watching my stocks make money. However, I felt like it would be ok to invest in bitcoin. I am still not sure what was different this time. 2020 was already bad so I figured, it can't get any worse. But then the numbers were increasing so sharply everyday that I started to wonder how I would spend the money once I became a millionaire.

And almost a month and a half after my first time investing, I experienced anxiety. Bitcoin fell by over $11K within a matter of a few hours. I went online to find out why - and there was nothing. I talked to my friends who are also in this space and everyone was just speculating... no one knew why. 

Then I thought to myself - maybe this is an opportunity to buy more. And then I realized how effective and timely the sunk cost fallacy was. Here I am thinking of burning more money when I had no idea why the current crash took place. 

Over the last 24 hours, I have refreshed my phone many times to see if I got my money back. People who are believers say this is expected and bitcoin will still march towards a ridiculous high. I hope that is true. I have already made very detailed plans to be rich so I hope my planning wouldn't be for nothing. 

More from Keni

I have made very detailed plans to be rich.

She writes about the plans as a fictional character. Bitcoin does okay, but it's her writing that sells her onto private jets and sun-soaked smiles.
2021-01-12 02:37:55
I sold some at $20K thinking it'd drop again and now I'm so upset with myself. It's so unpredictable and no one seems to really know what's going on.
2021-01-12 06:16:34
You'll drive yourself crazy watching BTC that closely. I only know what's happening when news stories crowing about some record high or spectacular crash end up in my field of view.
2021-01-12 16:35:04
Crypto will definitely go up and is the future. But one shouldn't bet on the bitcoin. 

Just think back to the gold rush. It's not really the gold-panners/small-time-propectors who got rich. It's the people who were part of hte infra selling that dream. The saloons, the tool sellers, the inns. 

If you think about crypto/defi(decentralized-finance) this way then it's prob better to focus your energy on being part of the DeFi infra rather than be a DeFi gold prospector
2021-01-12 16:36:42
Sir Abe - I am not trying to make too much money... Just enough so I can quit my job and write full time. I hope you are write about crypto. So volatile. 

I am driving myself crazy Brandon. I have a few things I have planned after which, I will stop checking. This is not healthy. 
2021-01-13 04:20:51