Today, let's talk about the psychology of owning BTC. After BTC was born in 2008, a group of people owned a small amount of digital gold. Of course, I later joined the BTC army as well.
At that time, I didn't feel the magic of BTC; I just knew that it was something relatively magical and a completely new thing.
Back then, nobody was familiar with BTC. Even though I owned some, I was just observing and trying to understand its mysteries.
At that time, I didn't know about mining. Later, when mining appeared, it became a global craze. Since then, people began to delve into the BTC mining industry.
But that wasn't the scariest part. The scariest part was when the price of BTC started to rise, and more and more people flooded in.
Whether they were miners or buyers, the psychology at that time was that I owned wealth. When it could be used for the first time to make purchases, it was money I could use to buy things. Having Bitcoin was equivalent to having money.
From what I have read, it seems you heard about bitcoin and invested in it so early for which I consider it a privilege to know. Some important things I would have loved to see in this post base on the caption are:
- How you heard about bitcoin
- Where you bought your first bitcoin as an early adopter
- What were the challenges of buying and holding bitcoin
- When did you sell your bitcoin and what motivated you to sell and not hold
- If you sold, have you bought again?
Answering these questions will help a lot in understand the psychology of a bitcoin as per what it takes to be a bitcoin investor. Hopefully I will get a response from you.
Up until now, after the BTC frenzy, the current psychology of owning BTC is: I now have digital gold. So, do you own digital gold?
Do you consider the digital gold better than bitcoin or it is just a way of diversifying? I have not thought about investing in gold because I find bitcoin better and easier for me to invest in.