{"id":264408,"date":"2024-11-13T17:11:44","date_gmt":"2024-11-13T17:11:44","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/11\/13\/i-bought-bitcoin-today-and-felt-nothing\/"},"modified":"2025-06-25T17:10:31","modified_gmt":"2025-06-25T17:10:31","slug":"i-bought-bitcoin-today-and-felt-nothing","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/11\/13\/i-bought-bitcoin-today-and-felt-nothing\/","title":{"rendered":"I Bought Bitcoin Today \u2013 And Felt Nothing"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<p>I looked at my wallet and saw a sad six digits.\u00a0<\/p>\n<p>It used to be seven, or such was the case after I rolled over the balance of my monthly expenses, dollar cost averaging into Bitcoin and then sending it to my <a href=\"https:\/\/casa.io\/history\">Casa cold storage<\/a>.<\/p>\n<figure>\n<p>                        <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjEwMzI1OTk3NDk5NzIxMjk0\/pete-rizzo.png\" height=\"800\" width=\"834\"><figcaption>Follow Rizzo on X.<\/p>\n<p>https&amp;colon;&amp;sol;&amp;sol;x&amp;period;com&amp;sol;pete&amp;lowbar;rizzo&amp;lowbar;&amp;sol;<\/p>\n<\/figcaption><\/figure>\n<p>Usually, buying Bitcoin is a joyful process. I\u2019d have the satisfaction of picking up at least a <a href=\"https:\/\/en.wiktionary.org\/wiki\/bitcent\">bitcent<\/a>.\u00a0<\/p>\n<p>As someone who had that chance to buy Bitcoin at $50 (but thought better of it, LOL) it&#8217;s been a bitter time over the years, dutifully stacking away in an attempt to undo my mistake. <\/p>\n<p>There\u2019ve been milestones, leaps of progress, as even numbers were chipped away. I have to say, though, this purchase was particularly deflating. <\/p>\n<p>Yes, with the price soaring over $88,000, I knew I was buying the top, and I have every ounce of confidence that this purchase will be meaningful someday.\u00a0<\/p>\n<p>I\u2019m sure in 10 years someone will look back at this post and laugh, marveling about how you could buy 500,000 satoshis for $500. Hell, my purchase is already in the green.<\/p>\n<p>This is the process of Bitcoin\u2019s Great Monetization, a steady step on its progress from random digits on a computer that were worth nothing to the next global reserve currency.\u00a0<\/p>\n<p>I get it, I\u2019m, as you would say, \u201cbought in.\u201d I have every intention to keep buying Bitcoin. After all, it\u2019s where I spend every waking moment of every work day.<\/p>\n<p>What is this piece about? Call it an ode to malaise. <\/p>\n<p>I\u2019m sure people are out there furiously stacking, afraid the Bitcoin price will run past $100,000 without them having any. Same with institutions, same with nation states. <a href=\"https:\/\/x.com\/DavidFBailey\/status\/1856702053252292975\">Seriously<\/a>.<\/p>\n<p>What do they look at these bitcents and see? Are they buying happiness? Relief? <\/p>\n<p>Bitcoin, you great mirror. With every buy, we take our place in the long arc of history.<\/p>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/culture\/bought-bitcoin-today-felt-nothing\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] I looked at my wallet and saw a sad six digits.\u00a0 It used to be seven, or such was the case after I rolled<\/p>\n","protected":false},"author":1,"featured_media":264409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/264408"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=264408"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/264408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/264409"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=264408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=264408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=264408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}