From here:
Why OG bitcoiners are rare and have the strongest diamond hands of anyone you will ever meet.
If bitcoin is a Ponzi scheme, then we early adopters are behaving irrationally because we plan to hold onto the asset no matter what. Want proof? We already did.
Those of us who were early in Bitcoin have lived through a unique kind of financial trauma. We've watched ourselves spend what would now be millions of dollars on trivial purchases. I personally spent 2 BTC on Valentine's Day flowers. I know someone who spent 250 BTC on a pound of coffee. We're talking about millions in today's value, gone on items we barely remember consuming.
This experience fundamentally changes your relationship with Bitcoin. But here's the crucial point - it's not about getting in early. Plenty of people did that. What mattered was never selling everything. And I've learned over 13 years in Bitcoin that this is incredibly rare. The vast majority of early adopters, at some point along the journey, sold their entire position. Those of us who held onto even a portion of our stack through every bull and bear market are few and far between.
Now, those of us who remain hold our surviving Bitcoin stack with an iron grip born from hard-learned lessons. Each Bitcoin feels irreplaceable because we've learned, through painful experience, that it is. Once sold, that Bitcoin is gone forever. The market moves on, prices rise, and you can never recover your position.
This is why early adopters who still hold Bitcoin are probably its most diamond-handed holders. We're not theorizing about Bitcoin's potential - we've lived it. We've watched it grow from worthless to priceless. And we've learned, through expensive lessons, that selling Bitcoin is a one-way door you walk through with extreme reluctance.
So yes, those who've been in Bitcoin the longest are often the least likely to sell. Not because we're wealthy or careless, but precisely because we understand, at a visceral level, the true cost of letting it go.
My only regret is that I have wasted so much time and resources on stupid ventures. Two years pumping $s into a business that eventually failed. I so much wanted to "make it" the traditional way, and Bitcoin, although already present in my life, did not have the priority it truly deserves.
The time I got serious also coincides with the period I started flirting with shitcoins. I could not resist the siren song of shitcoinery, but I'm now cured, and happy about how much I was able to stack. 🙂
I continue to struggle with this. I've been looking into purchasing an existing business in the $200-$600k price range, just to give me something to focus on daily and keep me busy and my mind occupied now that I've moved on from my previous full time career.
But it is so difficult for me to justify spending that kind of money when I'm fairly certain just holding bitcoin will outperform over 5-10 years, and that is without even accounting for the sweat equity I will have to put into the business and the possibility of failure...
Just play chess or something
Yeah, this one requires serious introspective thought. IMO, there's no right or wrong answer, as long as you know exactly what you want in life. All the best to you
I know a guy who held on since march 2015.
I know that isnt as OG as some from 2009, but he held on through all the hard times.
All the bull markets where he could have sold on top of the market, and all the bear markets where he could have bought at the bottom.
He just held and held.
I never understood his rhyme or reason until later in life.
2015 is OG
Wait, @k00b, what do you consider as OG?
To people late to bitcoin like me, 2017 era and earlier bitcoiners are my OGs.
2017 is a good arbitrary year in my case too. Its when the shitcoin mania started and "crypto" trading went mainstream.
I remember because that's how I found my way in.
And no I'm not rich at all. Because of the shitcoin trading. I'm straight up poor compared to anyone who just bought and held BTC back then and went to sleep instead of watching charts and doing 3-5x leverage plays for a few dollars every day.
like I do with MSTR today lol
I'm half kidding
I see.
I guess there is some confusion at times because everyones sense of OG is a bit different.
if 2015 is OG then I am an OG first smash buy was December 2015, didn't know wtf I was doing lol
As much as I wish I had gotten into bitcoin earlier, I am extremely happy to be able to learn from older holders past experience.
I haven't even lived through a bear market yet, but I can look back and see what happened during global financial events like covid and know that no matter what, holding is the correct answer.
I respect the OG holders because I can't even imagine what it would have been like going through these events and having no past to look back on. Luckily for me now, there's enough history for me to have complete confidence in bitcoin's future.
Yeah it sounds rough being early. Financial regret tends to crush people but it’s also probably purifying coming to grips with it
I think you just have to let that stuff go. Like I've had tons of opportunities to get into bitcoin over the years, but you can't beat yourself up for not knowing what you didn't know.
Why not use link post?? 😱
Maybe you know this already but @nitter only grabs the first Twitter link in the post if there are multiple.
yes, I keep forgetting to update it
I don't like embedded tweets that much, but it's convenient when the poster is lazy.
fair
It’s So Early!
Too bad there wasn't any sign that the link was to that site. Sadly I clicked on it.
#FuckTheBird
I’ll give an hint next time
I sold .10 Bitcoin in 2019 to buy a BMX to cruise around with my nephew. I then sold the BMX for a fraction of what I bought it for less than a year later. That amount of btc would make up a not insignificant portion of my hodlings if I still had it today.
You live and you learn.
10 bitcoin in 2019 was around $50,000 minimum
Yeah that's right, .10 would be about $500 or roughly $900 in my local currency.
Sorry, read that as 10 😅
All good :)
I first started stacking for the fiat gains, then I started stacking because there wasn't anything else to do with my left over income, then I started stacking to get out of fiat completely
I now consider myself an artisanal stacker, someone who meticulously crafts his UTXO set, someone who consolidates old coins, someone who loves a nice even number of sats lol, god I need a new hobby
I like artisanal stacker!
if i was in too early, i probably would have sold or maybe done something stupid. my brain simply wouldn't have been prepared lol
so in a way, I'm glad i don't have to worry about that.
this guy still didn't learn his lesson and just became a shitcoiner
Well to be an OG I would have had to be into drugs, online gambling, or listened to my IT mining friends. I did none of this, oh well.
Am I a victim, have I given up. No! I DCA and have a new sat record daily!
Is not about "diamond hands"... is about a CORE principle: FUCK THE BANKS AND GOVS
Thing that nowadays, the "new bitcoiners" still do not understand it
BITCOIN IS DEFIANCE !
https://xcancel.com/jratcliff/status/1876416863493910770
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I'm not the author. They're posted it on X.
Oh! I didn’t read the tweet since it wasn’t embedded. I apologize for the misunderstanding.
no rift between us
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