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.
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.
Bitcoin is peer-to-peer digital cash.
It's money that doesn't require intermediaries. Besides being a form of hard money without inflation, one of Bitcoin’s key features is that anyone can be their own bank.
You don’t need banks, you don’t need exchange offices, and you don’t need any third parties in a peer-to-peer money system.
Not your keys, not your Bitcoin.
If you don’t control your private keys, you don’t really own your Bitcoin. Always use a non-custodial wallet to stay sovereign.