Bitcoin Maxi Shares How A 40X Dogecoin Investment And A ‘Complete Stroke Of Luck’ Got Him Into Crypto By Benzinga

Benzinga – By Khyathi Dalal, Benzinga Staff Writer.

Popular pen name Bitcoin newsletter writer bitcoin therapist He talked about how “sheer luck” led him to the world of cryptocurrencies.

what happened: What the therapist did was X Tell your story by saying you met on (formerly Twitter) Bitcoin (Crypto: BTC) When he started his journey through Reddit forums about three and a half years ago.

Found by a businessman dogecoin (CRYPTO: DOGE) and invested a few thousand dollars, only to wake up the next day and find that their money had tripled. He withdrew his cash and started researching Bitcoin.

His faith grew rapidly and it took him “a few days to hit home.” I converted everything to Bitcoin in a few weeks and was “100% invested in Bitcoin” in a few months.

Ironically, immediately after the withdrawal to allocate funds to Bitcoin, the initial investment in Dogecoin skyrocketed 40x. But unlike others who “got REKT” (slang for losing all their money), this trader is grateful for his first experience with cryptocurrencies, where he made a lot of money. It expresses the intention.

“It’s ironic, but it’s true. I haven’t touched anything other than Bitcoin since then, and I don’t plan on doing so,” the Bitcoin therapist wrote.

Price action: Since about three and a half years ago, the price of Bitcoin has increased by 270%, while Dogecoin has soared by 4,670%.

Also read: Cryptocurrency “Greed is near all-time highs, but price is not” warns traders: “This cycle is boiling down a bit”

Why it’s important: In the evolving world of cryptocurrencies, stories from experts like this remind us that sometimes luck can lead to transformative financial journeys.

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This investor quickly realized that the real goal was not to make money with meme coins, but to achieve financial freedom through Bitcoin’s absolute scarcity. They learned that “making money with st coins is not the end goal.” The ultimate goal is financial freedom and the acquisition of absolute scarcity. ”

The Bitcoin Therapist continues to be grateful for the experience and has spent an entire year gaining valuable knowledge by learning, listening, and understanding different crypto spaces.

what’s next: The impact of memecoins and Bitcoin as an institutional asset class is a topic expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on November 19th .

Read next: Anthony Scaramucci’s fund ‘won’t touch’ memecoins, but vouches for Bitcoin, Ethereum, Solana

This content is created in part using AI tools, and reviewed and published by Benzinga editors.

Image: Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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