Re: From Losing Everything in FTX to Starting Over With Bitcoin
I just want to share something that felt like a full-circle moment for me.
I was one of the people who had money stuck in FTX. When everything crashed and the truth about FTX came out, I really thought I would never see that money again. It was devastating. I am not someone who has a lot, so the amount I had there, around $x,xxx, felt too big to lose. It was hard to accept, and honestly, I already did. I just told myself it was gone forever.
But recently, I got an unexpected surprise. The FTX Distribution gave me back that $x,xxx. I did not expect it at all. And the moment I got it, I did not even hesitate. I used it to buy Bitcoin. Whatever the price was at the time, I just bought.
Why? Because during the time I lost that money, I felt helpless. But now, even if it is just symbolic, I wanted to take that back into my hands. I believe in Bitcoin. And even after what happened with FTX, I still believe Bitcoin is one of the few things you can hold without trusting a person or company. It is pure code and math.
Getting that money back felt like a second chance. I am not saying it is a perfect decision, but it is mine.
Just wanted to put this out there in case someone is going through the same thing. There is hope. Hang in there.
A big congratulations to you bud, I am sincerely happy for you, and also very happy to learn that those who lost money on the FTX collapse are now getting the lost funds refunded back to them, this is something worthy of celebration assuming the money involved was large enough, for this is exactly like one having a dead loved one come back to life after losing him or her for several years.I was one of the people who had money stuck in FTX. When everything crashed and the truth about FTX came out, I really thought I would never see that money again. It was devastating. I am not someone who has a lot, so the amount I had there, around $x,xxx, felt too big to lose. It was hard to accept, and honestly, I already did. I just told myself it was gone forever.
But recently, I got an unexpected surprise. The FTX Distribution gave me back that $x,xxx. I did not expect it at all. And the moment I got it, I did not even hesitate. I used it to buy Bitcoin. Whatever the price was at the time, I just bought.
Why? Because during the time I lost that money, I felt helpless. But now, even if it is just symbolic, I wanted to take that back into my hands. I believe in Bitcoin. And even after what happened with FTX, I still believe Bitcoin is one of the few things you can hold without trusting a person or company. It is pure code and math.
Getting that money back felt like a second chance. I am not saying it is a perfect decision, but it is mine.
Just wanted to put this out there in case someone is going through the same thing. There is hope. Hang in there.
And your decision to invest the recovered fund in bitcoin is a great decision, and bitcoin is a perfect choice, I can understand the reason for buying bitcoin at its current price not minding that the price could still drop a bit and you could have bought a potion or two cheaper if you DCAed, but it's alright, I am happy for you specially for getting your lost money back, this to me is the most important thing.