For me, the big shift was when I stopped looking at Bitcoin like a quick move and started looking at it like long term savings.
At first I was checking price way too much, every dip felt bad and every pump made me think I was smart lol. But after some time, learning more, moving my stack off exchange, and just sitting with it, the whole thing started to feel different.
Now I care less about the next week, and more about where this goes in the next 5 to 10 years. Not saying I never feel nervous, because I do sometimes, but my mindset is way more calm than before.
Curious how it happened for others here.
What was the moment where Bitcoin “clicked” for you?
Was it inflation? Banks? Self custody? A bad experience with selling too early?
Or are you still in the phase where it mostly feels like a trade?
When did Bitcoin stop feeling like a trade, and start feeling like your savings?
byu/Kishor_bhosle inBitcoin
Posted by Kishor_bhosle
20 Comments
I’d say it clicked for me around 2018 when I was dealing with some airline points getting devalued overnight and realized how much control these companies have over what I thought was “my” value. Started thinking about Bitcoin differently after that – less about making a quick buck and more about having something that can’t just get changed by some corporate decision
The real shift happened when I set up my own node and started doing DCA instead of trying to time anything. Now I barely check the price except when I’m buying more each month. My wife thinks I’m crazy but she said the same thing about my bird photography hobby and now she loves our weekend trips to chase rare species
Still get those stomach drops during big crashes but it’s more like watching your 401k have a bad quarter rather than gambling money you can’t afford to lose. The whole inflation thing definitely accelerated my timeline too – watching my savings account basically lose purchasing power while Bitcoin keeps doing its thing over the long haul
Nothing that goes up and down by crazy insane numbers feels like a savings. This doesn’t feel like savings due to – if I buy at $70k and it drops down to $60k – I can’t access it. A savings account I need access to in emergency. Not something I may have to wait years to get back. This is a high risk investment to me
honestly… somewhere after i stopped checking price every hour 😅
also… i was a really bad trader tbh
kept trying to time tops/bottoms, overtrading, getting chopped… ended up going nowhere (or worse)
at some point i just gave up on that and started treating btc more like savings than a trade
i think the shift happens when you start thinking in btc terms, not usd
and when dips feel more like “hmm maybe add” instead of panic
also macro played a role for me… once i started looking at liquidity, it stopped feeling like a trade and more like positioning
not saying i wont rotate out at some point tho… prob gonna move between stable → btc → alts depending on flows
what about you, still trading it or already in savings mode?
My savings account does not drop 50% in a year. I have a lot of Bitcoin and I would never consider it savings it is definitely an investment.
When it grew by a factor of 10, it got my attention.
moved it off exchanges, stopped chasing pumps – suddenly it felt like savings, not a trade
Well there’s nothing I’m more comfortable having my money in, especially in times like these.
Bitcoin is slowly becoming 100% of my portfolio aside from things like house, cars, toys/hobby shit etc..
I trade fiat for it on the daily.
It generates income for me. I borrow against it to buy more. I have used my income from it, and margin against it to even pay for a few purchases recently (mainly Christmas) — without selling a single bit of my stake, instead, adding to it.
I bought at the Covid dip and had the crazy idea that it will go down still, waited to buy.
Fortunately, I got smart and bought before the price recovered instead.
That was the moment. TBH I had a relapse, tried to trade in the summer of ’20, and would be now 0.33 BTC richer if I didn’t.
Oh well, had to learn the hard way.
The shift happens the moment you stop checking the price every hour.
One thing I noticed is that I care more about how many bitcoins I have instead of what is the price of this amount in dollars.
When i realized fiat has no choice but to go to 0.
When it stopped dropping 80% every 4 years
Bitcoin really doesn’t make sense to use as savings imo, unless it’s on a scaling solution. Issue being that savings is meant to be used in emergencies, if everyone wants to use their “savings” at the same time it won’t work.
You could have cold funds on liquid. But then you trust a federation to custody your funds.
For me it was when I stopped asking when should I sell and starting thinking about howmuch should I keep.
That’s when it stopped feeling like a trade and started feeling more savings. Price still gets my attention, but not in the same way.
Very cool way to see BTC being interpreted as this now especially amongst new traders or investors. There is certainly a shift happening worldwide when it comes to all things finance.
For me personally it hit within my first year in the crypto markets and actually doing research into the operation of the technology. Combine that with deep, steady day to day and week to week research into the financial world on a global scale and the arguments have only gotten clearer over time.
Furthermore we’ve started to see everything come together as well. Bills, laws, and even this from us not too long ago:
[https://blog.kraken.com/news/federal-reserve-master-account](https://blog.kraken.com/news/federal-reserve-master-account)
Excited for the future to come.
Please note none of this is financial advice and I am not a financial advisor.
Once I finally set up my daily autobuy DCA script
My older brother had invested a good chunk and sold it to make a down payment on a house. It took a couple years but when I saw him do that I thought about it a lot differently
After studying and understanding it properly. Some people is still clueless about utxos consolidation for example
Got the money I need in fiat. Got my dreams in btc