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Buying Bitcoin at its peak helped me HODL
By Side Hustle Rich  •  October 6, 2021
We all know Bitcoin to be highly volatile, with 10X gains and 80% drops a fairly normal year for Bitcoin. But for those new to this burgeoning asset, it can be nauseating. When investing, everybody likes to buy low and sell high, but with such volatility, when is low and when is high? I bought Bitcoin at the peak of 2013, and looking back, that was probably, nay, definitely what helped me gain the HODL mindset. To be honest, I can’t remember how or when I first came to hear about bitcoin. In 2013, it was tough to actually purchase bitcoin. Coinbase was founded in 2012, but was only serving US based customers. I remember jumping through several hoops to get it via FYBSG, a now defunct Singapore-based exchange. I also remember buying it during the blow off top in November 2013, where one bitcoin was exchanging hands at the...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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