Since Bitcoin was launched as a digital currency in 2009, There have been thousands of stories from around the world. Some more surprising than others. Some further away and others closer to us. The truth is that for early investors who bought the blockchain currency when it was worth less than a few cents has seen a huge change in their wealth.
These experiences were known to very few and almost all of them were limited to the relatives of those involved. However, all of these began to become public and to a global audience when they became social networksThis is one of them and it was published in December 2024 in a Reddit account called r/Bitcoin. But it tells the story of a person who prefers to remain anonymous and dates from 2017, when he made his first purchase of 1 BTC.
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The anonymous Reddit user who became a millionaire thanks to cryptocurrencies
This person, whom we will identify as Reddit user For the purposes of this story, he began his journey through the crypto world in the summer of 2017, when he acquired your first BTC which at that time was around $2.000 per token.
The measure was promoted by your interactions on this social network, where cryptocurrency enthusiasts shared their personal experiences on the subject. Coincidentally, 2017 was a busy year for BTC and its price fluctuated in peaks from $2.000 to $20.000. Reddit user recounts feeling his first FOMO what it means in English Fear of Missing Out, which in Spanish translates as fear of missing out.
It was in this year so erratic in what to BTC prices It refers to, our protagonist bought a whole Bitcoin in about $1500. Later in 2018, when the price dropped to $4.000, took advantage of a downward trend again and bought a full token. In his digital wallet there was only 2 BTC and said he “feels satisfied,” although with “determination” to continue investing in this digital asset.
Change of course in spring 2020
Our protagonist Anonymous Redditor marks the spring of 2020 as a milestone in his life. During those months he sold his home, changed jobs, and his estate only had $30.000 net (proceeds from the sale of your property) and $55.000 from 401k which in the United States is equivalent to liquidation or amount of money that a company grants an employee after years of joint contributions and that a worker obtains upon leaving that position.
With those $85.000 and the Bitcoin network market danced from 4.000 to 7.000, 8.000, 9.000 and then stagnating for a while at $ 10.000 The narrator of his own story bought, first, just over 3 BTC and then about 4 BTC more, which allowed him to accumulate about 10 tokens in total.
Capital on the rise and fall
Following its investment moves in spring 2020, the anonymous reddit user It paid off months later, in the fall of that year, when his crypto capital went from just under 100.000 to exceed $ 600.000.
This increase did not stop there and In early 2021, he got a little more, adding up to about $170.000. However, it wasn't all joy, as in 2022, with a down year for BTC, he saw his accumulated wealth spill out into a red graph, losing 30% of the total of their cryptocurrency assets.
The anonymous Redditor categorized this as “hard to witness”, although he compared his situation in 2022 with that of 2017 and he encouraged himself confirming that he was still "higher up" than where he had started his journey through the crypto ecosystem and that had an income that would allow him to live well, but without luxuries for a year, which “comforted” him.
Life went on for the Reddit user, who was acquiring fractions of BTC when he could, he and his wife continued in average middle-class jobs, with the same car and without greater pretensions than living covering basic expenses without financial difficulties, debts and without having to declare bankruptcy putting their assets as collateral.
Millionaire at last! And thanks to Bitcoin
En December 2024 The anonymous Redditor watched in amazement as The native token of the Bitcoin blockchain was just over $92.000.He did some basic math and realized that by adding up the BTC in his wallets, plus his house, his car, and his cash savings, he could finally say that he and his wife were millionaires.
However, He claims that his income is on par with the average income of any middle-class person in the United States, So he lives well with what he needs or wants and without great expenses or luxuries. He admits that he feels the urge to spend more than his salary allows and dreams of buying a 4x4 car, a sailboat, and a vacation home, but understands that these assets would have associated maintenance costs and taxes. He just says to himself, “I prefer to buy Bitcoin.”
“See you in 4 years”
Our protagonist that you can see on the Reddit account explains what it is like to be ruined in the United States and unravels the concept of bankruptcy, Which is a legal figure through which the bank deals with a person's creditors, but that person must sometimes be accountable to the bank high interest.
However, he says that “having a safety net” that is stable and gives him comfort makes him your daily life is sometimes boring and feels that his work is “tedious” and that every day he feels the impulse to go “further.”
BUY BITCOINFinally, He says goodbye with the promise of “writing again in 4 years.” to update your readers on an update to your story. This will be near retirement when your BTC earnings will support your old age. He doesn't close his text without first offering a piece of advice: only invest in Bitcoin what you're willing to keep!
