| I am a bit on the fence with Bitcoin. A few years ago I brought a little bit of altcoin and 'believed' in it. I only put a small amount but I still was nervous spending money on some 'pretend' digital asset. Within a few days it was worth half what I started with.
Thinking I was in a low point of the chart, I invested a little bit more. It then dropped again, so much I lost around 80% of the value within a week. I then declared the money lost and saved my private keys. Fast forward to the beginning of this year, I randomly picked up my private key from a backup drive that I was going to wipe and decided to check it's value.. around £15 As it was such a little amount I decided just to cash it out, buy a pizza and continue with my life. However, as it wasn't so straight forward to just 'cash out' I left it. A few months later I hear the news that bitcoin is rising so checked on my altcoin (because the altcoin charts followed closely to the bitcoin charts), and there you go, I tripled my initial investment. I still declared the coins 'dead' so wasn't worried about losing it, but converted them into bitcoin as that felt most secure to me. The conversion lost me some percent but I stuck it out and have had 0.1BTC in my wallet since. It's nice watching my little amount go up. It's not a deal breaker if I lost it, but it's now more 'alive' than 'dead' to a point I have started thinking about converting it into fiat and enjoy a good Christmas.
But there is that little bit inside me now, that refuses to listen to my 'the coins are dead, and I wouldn't really lose anything' mentality which is unfortunate because I feel as the price goes up that feeling will cement harder to a point I would never cash it out. |