4.9 • 8.6K Ratings
🗓️ 27 December 2022
⏱️ 71 minutes
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0:00.0 | Did I ever tell you the story about how Bitcoin sort of changed my life? |
0:04.4 | Okay, it started in 2014. |
0:07.3 | My friends were getting into Bitcoin. |
0:09.3 | I saw them playing around with it and I wanted to learn about this so I decided to buy |
0:13.3 | one Bitcoin. |
0:14.6 | The price then was $600. |
0:17.2 | I felt stupid spending that much money on it, but what fascinated me was the trading aspect. |
0:22.8 | The Bitcoin market is open 24, 7, 365, unlike the stock market. |
0:27.6 | I made a little PHP script that would trade Bitcoin after certain indicators were seen, |
0:33.3 | swapping it back and forth between US dollars and Bitcoin. |
0:36.8 | I thought with Bitcoin fluctuating wildly, maybe there was a way to spot some sort of indicator |
0:41.7 | and jump in when it's going up and jump out when it's going down, but no, that did |
0:46.6 | not work well. |
0:48.0 | My bot would make some good trades, but with the fees and a few bad trades, it all went |
0:53.8 | back to where I started. |
0:55.3 | So I turned off the bot and left it alone, still holding one Bitcoin. |
0:59.5 | Well, fast forward to 2017, I was just starting this podcast and I was feeling really burnt |
1:04.9 | out at work and was ready to quit and just like work on the show or something, but the show |
1:10.0 | wasn't making any money. |
1:11.8 | I looked and I still had my one Bitcoin from years ago, but the price now was $18,000. |
1:19.1 | So I decided to sell that Bitcoin. |
1:21.6 | It wasn't easy though, I had to spend weeks wrestling it out of an old wallet that I had |
... |
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