Ah if I had known Bitcoin before! – The ultimate regret of any individual who has already taken a slight interest in the world of cryptocurrencies. “If I had bought 100 BTC in 2011, I would be a millionaire “. Or not. That’s what we’re going to see.
Bitcoin, an adventure through the Wild West
When a budding investor takes a fresh look at the price of Bitcoin, it’s not uncommon for a flood of regrets to overwhelm them. “But why didn’t I know Bitcoin when it was worth 1 dollar ? Dreams of luxurious villas, whirlpool pools, paradisiacal islands and holidays in the sun are then imposed on us. Trapped in our boring daily life and tired of an execrable boss and a job that has lost its flavor of the early years.
What is often forgotten are the circumstances of the time. While Bitcoin celebrates its 14th birthday, this is an opportunity to take a step back. To dare to set foot in the bitcoin jungle in 2011, you had to be adventurous. Adventurous digital certainly, but adventurous all the same. The underlying technology was far from obvious, as was the intrinsic value of this strange anomaly that emerged from the depths of the internet. Who would then have dared to put the slightest marble in it? Would it even be 100 euros ?
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A dazzling increase certainly, but also many empty passages
At a time when we was just talking about darknet money and that only a few enlightened exchanged passionate messages on an anonymous forum, would you have dared to take the plunge? Subsequently, in 2013, when propelled in a demented momentum, carrying the price of Bitcoin beyond 1,000 dollars, would you have been crazy enough not to take your profits?
Would you have managed to avoid the cataclysm Mt. Gox which then swallows 80% of the ecosystem ? Would your mind have allowed you to hold out against all odds through the 2 year bear market that ensued between 2014 and 2016? While Bitcoin was repeatedly announced dead? The truth is that those who became rich in 2017 and then in 2021, during the previous market tops, belong to two categories. Those who forgot all these years that they had bought Bitcoin and remembered it at the right time, and those who became so passionate about technology that they forgot the speculative aspect of it. Would you have been part of one of these two categories?
Bitcoin, the secret to wealth
Can I tell you a secret? Don’t tell anyone. The wealth of Bitcoin is not found in its ability to make you a millionaire. But, in the open-mindedness and the freedom it is likely to give you. Open-minded first by the influx of new knowledge that does not fail to arise as soon as one takes a slight interest in the sector. Because prisoner of our societal straitjacket, we are often unaware of the true meaning of things. Concepts that are nevertheless crucial escape us, slip through our fingers, our attention skilfully diverted by forces that are beyond us. What is currency? What is freedom? Can we believe in banks ? In government? Why does finance play such an important role in our geopolitics?
It is not a question of doing a thesis on each of these subjects, but to stay curious to try to understand the world around us. Bitcoin and more generally cryptocurrencies propel us unconsciously towards the study of these subjects. And give us a bird’s eye view of our company, its successes as well as its failings. bitcoin is an open mind.
Bitcoin, a questioning of the main principles of our current society
Freedom then. That of owning our property, our money. That also of escaping from the unhealthy surveillance of our society which tightens its grip around us a little more each day. Wanting to regain control of your private life does not mean having bad intentions. Wanting to regain control of your money, the hard work of your job, does not mean wanting to ransack the society in which you live. Bitcoin makes you think about the issue of freedom.
Bitcoin makes us rich with thoughts, ideas, perspectives. It is sometimes good to question our pre-established principles to see beyond the frozen and unshakable image that society imposes on us. Bitcoin provides an inner wealth, a perspective on the world that it is sometimes good to have to continue to grow, to evolve. And it’s never “too late” to such prospects of “wealth”.
To keep your cryptos, nothing beats a Ledger wallet. The Nano S and Nano X provide security and ease of use. Indeed, they are compatible with the vast majority of cryptos and networks. They are an absolutely essential alternative to all exchanges that offer to hold your assets for you. Remember, “Not your keys, not your coins” (commercial link)!