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Of Hannah Perez
A Buda.com user reports his experience with Bitcoin. Optimism, ups and downs, a global pandemic and a clear plan: save Bitcoin for the inheritance of your children.
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If anything abounds in the cryptocurrency world, it’s the stories. Stories of successes and failures that in many cases could be the screenplay of one or more films of Hollywood, all with a common protagonist: Bitcoin.
This week a peculiar story of a 65-year-old woman reached the crypto space whose life plan is to leave a legacy to her children in Bitcoin. The digital asset exchange team Buda.com He shared the story that one of his platform users sent him and it starts like this:
“I learned about BTC from one of my children who told me about this new currency in 2015. I am a 65 year old, one month old, 66 year old woman and I have three millennial children“.
In the letter, the user – who remained anonymous – shared his personal experience with cryptocurrency. As he says, from the first moment he met Bitcoin, in love with the idea. The 38-year-old eldest son is the one who introduced her to the topic of digital currencies and immediately understood that this was the future. “Don’t ask me why but I knew it“.
However, at that time – when the main cryptocurrency was worth less than $ 400 USD – the woman did not enjoy the economic situation to allow an investment of that risk. “I was not in a financial position at the time to risk it all. Aside from that, everyone thought I was crazy when I said it“.
A risky investment: I made the loss
Although he didn’t have the resources, the idea had already been tattooed in his head. This is how two years later, in 2017, he decided he would invest $ 3,000 USD of his savings in the currency. Because I didn’t know much exchanges, let his son, “who he’s much more tech-savvy than me“, Will manage the funds.
What none of them expected is that just that year, Bitcoin it would experience dramatic volatility. Over a span of 12 months, the cryptocurrency went from under $ 1,000 to nearly $ 20,000. A quick win for anyone who bought the coin at the right time.
But, just like the saying goes, ‘Easy Come Easy Go’ Y Bitcoin suffered a fall never seen before. With the sudden drop in the price of the cryptocurrency, the user of Buda – like many other investors – he feared for his own savings.
“Unfortunately, with the collapse of 2017, [mi hijo] he got scared and made the loss“He says.
However, at the time when the story tells – late 2020 – the price of Bitcoin He finds himself reaching all-time highs and remembers his past actions, perhaps with a slight regret. “Imagine how I feel about it today, but I assume it because in those moments many people were unable to support and that was their learning“.
A new opportunity: the legacy in Bitcoin for my children
Again two years have passed and, despite the fears and the ups and downs, the user has not forgotten the issue of digital currencies. “Now in times of pandemic I have decided to return to the subject, I started studying and I started investing and this is how I followed Bitcoin faithfully“.
This year many people have decided to turn to Bitcoin as an active haven after the global economy began to manifest the ravages of the Covid-19 pandemic. Among this group of people was also the user of Buda, which this year took the opportunity to deepen the subject and find itself with crypto.
After observing the cryptocurrency market and studying closely, the woman in this story seems to have concluded that despite the fact that Bitcoin it can be volatile and have steep falls, in its short history it has shown significant returns. Let’s remember that, despite the sensational autumn 2017-18, Bitcoin it never returned to the value of previous years.
So now, the user signals that his goal is clear, he doesn’t just want to save Bitcoin in the long term in order to “live on passive income“, but plan to leave him a Bitcoin to each of his children.
“I have a very clear goal: I will leave a BTC legacy to every child (delivered in 7 plus years) and in this I am in a hurry because I know that when the $ 20,000 USD passes, the rest will be just to enjoy what is to come (seven years)“.
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Source: Buda.com
Version by Hannah Estefanía Pérez / Bitcoin daily
Reference image of Pexels (not about the woman in the story)
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