{"id":32572,"date":"2024-11-13T16:44:38","date_gmt":"2024-11-13T16:44:38","guid":{"rendered":"http:\/\/ci02ec791ee0002751"},"modified":"2025-01-30T14:37:13","modified_gmt":"2025-01-30T14:37:13","slug":"bought-bitcoin-today-felt-nothing","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/bought-bitcoin-today-felt-nothing","title":{"rendered":"I Bought Bitcoin Today \u2013 And Felt Nothing"},"content":{"rendered":"
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I looked at my wallet and saw a sad six digits. <\/p>\n

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 Casa cold storage<\/a>.<\/p>\n

<\/figure>\n

Usually, buying Bitcoin is a joyful process. I\u2019d have the satisfaction of picking up at least a bitcent<\/a>. <\/p>\n

As someone who had that chance to buy Bitcoin at $50 (but thought better of it, LOL) it’s been a bitter time over the years, dutifully stacking away in an attempt to undo my mistake. <\/p>\n

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

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. <\/p>\n

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

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. <\/p>\n

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

What is this piece about? Call it an ode to malaise. <\/p>\n

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. Seriously<\/a>.<\/p>\n

What do they look at these bitcents and see? Are they buying happiness? Relief? <\/p>\n

Bitcoin, you great mirror. With every buy, we take our place in the long arc of history.<\/p>\n","protected":false},"excerpt":{"rendered":"

Usually, buying Bitcoin is a joyful process. I\u2019d have the satisfaction of picking up at least a bitcent. <\/p>\n","protected":false},"author":2581,"featured_media":31866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[59],"class_list":{"0":"post-32572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-opinion"},"author_data":{"id":2581,"name":"Pete Rizzo","nicename":"pete-rizzo-bitcoin-journalist","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pete-rizzo-pensive-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/screenshot-2024-11-13-at-114256am.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/32572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2581"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=32572"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/32572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/31866"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=32572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=32572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=32572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}