Mistakes & What This BTC Mom Did Right Hodling for 10+ years

TLDR: Put in what you can afford, don’t obsess over price or even check if you can help it, continue investing. Don’t let your ego stop you from increasing your cost basis.

First of all, in 2013 when I got into BTC, this was one of the first places I came to find out what it was all about. Thought I’d write some thoughts that may or may not be helpful to a newbie.

I came across Bitcoin in late 2013 when I had a newborn and was home with small children. I’m the type of person who researches things to the death and kind of go on kicks when I find something interesting. I put in a lot of reading and came to the conclusion it would either go to nothing or 1 million+. I got my husband on board by explaining it as best I could and by convincing him to put an amount we could afford to lose. He agreed to let me put some money in and it would be up to me to decide how to manage.

The best thing I ever did was consider that money spent and not obsessing over the price. When it tanked I was able to say “oh well. Let’s see how it turns out.” I honestly only check the price when I hear about bitcoin on the news or others talking about it and it has turned out how to be an excellent top indicator for sure. With a long term strategy I never panicked that the top was over because I was in it for the longterm.

I sold some one time to get some expensive equipment for a business/hobby that has brought me great enjoyment and been really great for my family. I don’t regret taking that amount of profit but I would only have done it this once, and again I should have kept investing after. I live like I did before. I drive a 15 year old vehicle, live in modest house, and work full time.

The worst thing I ever did is that I didn’t keep on buying after initial investment. Due to me promising my husband I wouldn’t keep putting more in after initial investment, I missed out on a ton of gains. We could be financially free now instead of just having a really good amount saved. I’m glad I kept my word to him but I could have found other amounts to put in and he would have agreed over the years. Don’t let pride of your entry price stop you from continuing to invest what you can afford (and what you can afford to not touch minimum 4 years).

Now, I have a strategy that I will never go below a certain percentage of my holding, and I will only do so for a couple reasons:

1- to see my husband leave his high stress physically demanding job. He is the hardest worker in the world and I lucked out on him more than I ever did finding bitcoin early. I would love to surprise him by paying off the mortgage without him knowing in advance! I will do this for 20% of my holdings when it gets there. I know it would be better left and the mortgage paid off with fiat, but time with him gained would be worth it.

2- My kids are the best. The oldest is a talented and hard working teen. She spends hours and hours as a ballerina and also earns straight As. She wants to be a surgeon one day and I hope that my investment will be enough to send her to a good university. Right now she is under impression she will have to pay for it all. One other thing is I want more than anything to take her to see her favorite ballerina live before she retires. She also is obsessed with ancient history and particularly Ancient Rome. One day we will do an epic trip to see ruins and different sites. But I will only do this if I can do this with a very small percent of my holding. My other kids are young enough I’m hoping I can have enough when they get to university age.

Best of luck to you all. Keep stacking sats! I’m working on increasing my cost basis and putting in what I can afford.