I looked at my wallet and saw six sad digits.
There used to be seven, or such was the case after I transferred the balance of my monthly expenses, the dollar cost was averaged into bitcoin and then sent to my cold house.
https://x.com/pete_rizzo_/
Generally, buying bitcoin is a joyful process. I would have the satisfaction of collecting at least one bitcent.
As someone who had the opportunity to buy bitcoin at $50 (but thought better of it, lol), it's been a bitter time over the years, dutifully accumulating in an attempt to undo my mistake.
There have been milestones, great advances, as even numbers were eliminated. However, I have to say that this purchase was particularly deflating.
Yes, with the price topping $88,000, I knew I was buying the top model and I have every confidence that this purchase will be significant one day.
I'm sure that in 10 years someone will look at this post and laugh, marveling at how you can buy 500,000 satoshis for $500. Damn, my purchase is already in the green.
This is the process of the Great Monetization of bitcoin, a steady step in its progress from random digits on a computer that were worthless to the next global reserve currency.
I get it, I'm, as you would say, “bought.” I have every intention of continuing to buy bitcoin. After all, it's where I spend every moment of every work day.
What is this piece about? Call it an ode to discomfort.
I'm sure people are stockpiling furiously, afraid that the price of bitcoin will surpass $100,000 without them having any. The same thing happens with institutions, the same thing with national states. <a target="_blank" href="https://x.com/DavidFBailey/status/1856702053252292975″>Oh really.
What do these bitcents look at and see? Are they buying happiness? Relief?
bitcoin, great mirror. With each purchase, we take our place in the long arc of history.
