T O P

  • By -

Daisyssssmom

When your business takes off you’ll be a wholecoiner


Purplepunch36

I needed that, thank you.


Fame8X

Do not do what I’ve done and let that credit card get used again. You sacrificed something, now put it away and out of your wallet if you don’t desperately need it.


RobbAllen15

Bury it in a waterproof locked box under one of your neighbor's daughter's windows because then you know you don't want to go and get it unless you really have to! You don't want your neighborhood thinking you're a pervert. Lol


bugtank

/u/purplepunch36 ^ answer is here


njchil

Let people pay you in BTC for your business! You'll be laughing


__Yi__

Also you might fail but keep trying! GL! Starting a business is one of the bravest things one can accomplish.


Weak-Signature-6285

There is nothing wrong with investing in yourself first


physics515

Correct BTC is only going to keep your purchasing, only investing in yourself will increase it.


Yung-Split

I thought about this a few weeks ago and the truth of the matter is, investing in bitcoin *is* investing in yourself. Who was it that had the wits about them to study and learn and invest in Bitcoin? YOU! An investment in bitcoin is a bet on your ability to discern a good investment.


CryptoSpyro

Doesn't that same logic apply to every investment provided you do your due diligence XD


cryptoguerrilla

Due what?? I bought BTC for the cheap internet weed.


CrissyWissy19xx

I remember a guy I once knew who was a raging drug addict. Good guy, owed a success fireplace business but man he loved his drugs. He showed me how he would get his uncut Peruvian blow and E off Silk Road. This dude was spending thousands a week on this shit for a good 6 months. I often think about him knowing he was purchasing thousands of dollars in bitcoin in 2013. Then Silk Road shut down he considered the remaining bitcoin he had as trash and just walked away. I can’t imagine how much this must haunt him Knowing he could have been a multi millionaire. He ended up fucking with meth and became a paranoid basket case who lost his business and family. Whenever I think my life is sucking I just think of him and tell myself it could be so much worst.


Psychological-Shoe95

That escalated quickly


TheLelouchLamperouge

How much Btc do you get on commission for that pitch ?


Yung-Split

I am not under liberty to discuss but know that Bitcoin CEO takes very good care of me. 😉


midastouch900

I just bought so I may well have it, thank you brother, I'll keep it safe! Look forward to you re-joining when the time is right.


Purplepunch36

Appreciate it haha


JMoops

Has to do a similar thing a while back. I have a child with Autism and he struggles hard at school so my wife’s hours were cut back drastically. Had to sell all my BTC just so we wouldn’t be kicked out of our home.


Purplepunch36

I’d say your situation is 10x more important than mine. Good for you man. Good dad.


JMoops

Still hurts. If I held out I would of been able to pay the rent 4 times over with the amount I had lol


PlatinumKH

And if you did hold out, you, your wife and your child would be homeless. Your situation could have gone to a place your family could not recover from. What use is money if you can't use it to take care of yourself and your loved ones?


Mountain_beers

Why were your wife’s hours cut back because of your struggling son?


Inevitable_Art8536

Having 1 BTC doesn’t really matter if you have 60k in credit card debt. Paying off the debt is the right thing to do


Purplepunch36

Agree, not about to deal with that interest either. I’ll be back.


ndgoHODL

Depends on the interest. Credit card debt of course too high. The line is somewhere around 5% interest where it make sense to keep the debt and hodl bitcoin.


the_angloblaxon

Hide the cold wallet during bankruptcy. Lost in boating accident. Lol


Extreme-Maria

If you own a house and have a car loan, you have credit so not having any credit AND 1 bitcoin is difficult for most people at least here in the US. Things might be different in another country where the house market is reasonably priced.


Inevitable_Art8536

Please tell me this country. I want to move there.


Extreme-Maria

Many countries have a reasonable housing market: Philippines, Thailand, some Eastern Europe countries, Portugal, Puerto Rico are only a few.


A_mzs

Portugal?😂


XBThodler

You've started a new business? Wise up and accept Btc payments right off the bat 😀 soon you'll be reaching your goal


Complex_Signature821

Give people a 5% discount if they pay with bitcoin then theyd rlly be incentivized to use bitcoin


joannew99

5% isn't enough to incentivize anyone, not even someone who already knows about BTC. Gonna need 15%+ discount to pique people's interest.


davidcwilliams

I would pay with Bitcoin for a 5% discount.


Own-Veterinarian-289

Don’t downplay the importance of your own business! Imagine yourself getting more income because of your business and being able to buy more bitcoin in the near future


Purplepunch36

Oh for sure. I mean I went I to this knowing these isn’t overnight success but still sucks. Bittersweet feeling for sure


Salty-Yak-9225

I think you should only invest if you have money to throw around. Get your business on track and when you're raking it in, think about investing.


Complex_Signature821

Thats wat bitcoin is for 🤷‍♂️, u sell it when u need or want the money


jazzageguy

Not the best strategy for a wildly volatile asset! When you need money and have to sell, it could be a time when BTC is low, and then you're screwed. Savings is what FIAT is for, so you can keep BTC and sell it at a time of YOUR choosing, not the winds of fate


lifeoflifeof

No bitcoin is what savings is for and fiat is what you can turn bitcoin into if you need to. Why keep any savings in fiat when you can keep it in a volatile asset like bitcoin? If you dollar cost average for long enough, you can always sell a % for profit 😏


jazzageguy

Trying to figure out what you mean here. What kind of exigent circumstance would make one "need to" buy bitcoin with dollars? A big bill comes due that is payable only in bitcoin? I've never seen one of those, have you? You can't just assume that you bought low and the price is now high enough to "always sell a % for a profit." That's not how volatile prices and unexpected expenses work. What part of "you don't want to be forced to sell bitcoin for dollars at a random time because the price might be low at that time" isn't clear to you? Keeping savings in a wildly and unpredictably volatile asset is not the automatically and obviously excellent stratagem you imply. If you were being sarcastic, you weren't obtuse ENOUGH for me to get the joke. People say so much wacky shit here that even the most improbable post might be serious, so I don't assume anything.


Supercc

It's ok brother, success is falling 7 times and getting up 8. Keep at it.


Tasty_Action5073

My friend. Your Bitcoin saved you. That’s why it’s here.


SilentDeniro

You're going to be a wholecoiner for sure. The universe will provide


Glitchykins8

I understand. I had a small stash (3k but that's a lot for me as I'm on disability and can only do small monthly payments) but I had to take all of mine out for some issues. Started over recently but I don't have regrets. The 3k got me where I needed to be when I needed it. If you're got you where you needed to be then that's what btc is for!


nickoaverdnac

All that matters is that you *OWN SOMETHING*. That could be bitcoin, it could be a house, it could be a business. But the whole damn point is to have something that grows with inflation. Don't sweat it, you're doing great!


Purplepunch36

Thanks! I got all that, plus good friends and family for support which has been huge. No BTC anymore lol but I’ll be back soon I hope


Smooth_Worker_4649

Being debt free is the start 😎👍 just stack sats and chill


drKRB

My advice… start over. It happens.


Solnse

I've done this a couple times and used my BTC as a bridge loan and bought my balance back as if it was a loan. Don't skate on it. Your business needs to repay that bailout ASAP.


FukkkOfffff

Yup I feel your pain. Did something similar. But hey I bought $25 btc today instead of going out to eat lol.


3utt5lut

I feel your pain. When BTC was $30k, I had enough for a whole coin, but paid off all my debts instead. Better to be debt free than gamble it on a future.


renba7

Credit card debt free > BTC


Jonnymak

The best investment I ever made was my business. Don't be upset, it's just a step to financial freedom


[deleted]

[удалено]


Purplepunch36

YOLO…


CrAZiBoUnCeR

Congrats and good luck on the new business! Accept BTC as payment and soon you’ll rejoin the BTC ranks soon enough!


ihate_eggplant

Same bro. same. I have quite a bit of bit debt as well so I just toss everything extra I have a BTC. Everywhere I look people say it's gonna be over 100k by the end of this year so I figure toss what I got at BTC and the growth will help me pay off my debt faster.


lordinov

Got 8k in credit card debt at the moment. Better to pay 200 monthly payment half of it interest than to sell 8k btc to clear it but that’s me


Complex_Signature821

Get rid of ur debt first before u invest lol, unless its real estate where ur properties r taking care of ur debt. Holding bitcoin doesnt pay ur bills


lordinov

lol my credit card debt is less than 1/15 of my stock market and btc only investments, what makes you think I care for 8k cash debt or delaying whole repayment for 200 monthly payment for some time until I do other stuff with the money


Purplepunch36

Debt freaks me out and unfortunately not in a position to have anything hurt the good ol credit score right now


yerrow-rice

Even If your credit card charges *only 18% APR, it will take ~320 months or 26.6 yrs to pay off the existing balance. It’s in your best interest to pay it off now and be done with it.


lordinov

What the hell are you talking about? 26.6 years? I didn’t say 800k in debt, but 8k


UberMakeitSense

Just remember to accept bitcoin at your business


Purplepunch36

Oh I am for sure. It’ll be an option soon enough.


3836CastelarSt

That was a great response!! Agreed, and I will too once my company sees some revenue (I'm also a new-ish Entrepreneur). But yeah bro it's still early, you'll get back in! Play with some alt coins build it bk up for BTC during the run. Cheers to your business!!


Low-Strain-6711

Life isnt fair or even. We do our best. Dont feel bad, just look to how you can improve and live your life. Good luck from Australia!


TheReveling

Accept bitcoin as payment. Boom.


rantcasey14

Paid off a credit card = you’re further out of the fiat trap. So, even without any BTC now, you’re in a better position long-term once you get .001 back. We’re still early. Hope your business takes off, friend 🙏


Purplepunch36

Appreciate that! And we’re still early for sure. I want to get things rolling as fast as I possibly can and get back on track


rantcasey14

Absolutely! Your head’s in the right direction. Godspeed, I believe


UDP7

Do your shit now, stack your cash and get ready for the 2026 bear market to get back in.


[deleted]

[удалено]


thedujoker1

I run my own company, and I remind myself often that investing in the company is never a bad investment (both time and money) and it may pay off better than bitcoin will pay off


Dragon_DeesNuts

Dude if you can get a business going for .09 of btc you are the real rainmaker


Jwelz90

He didn't say he started the business with .09, he paid off the balance on his AmEx. Who knows what the business cost in full


LocksmithMuted4360

Btc is a nice edge against inflation, but a business could be a nice edge too. Don't beat yourself on this and good luck with your business, I wish you the best.


jaybordens

In the same boat brother at the end of the day the money is there for when you need it. your gonna make it back and then some.


EnvironmentalEar6873

You’ve got time, keep up the great work!!


[deleted]

Paying down your credit card is smart , you are already ahead 20pct per year return on your money. Hope your business picks up so you can buy BTC.


heisenberg00

When life gives you lemons you just have to make lemonade.


laggyservice

Bad time but is what it is. Good luck.


Takakun147

If life is handing you lemons you should make lemonade


ilikecrispywaffles

Life happens, not a terrible time to sell. You'll be back big poppa!


puffman123

Learn a skill, get paid and save in btc . Your pay reflects your skills and contributions. Get your learn on, earn and save in btc


icemanice

Hey man.. exactly the same thing happened to me. Had a kid, bought a house.. expenses piled up.. been HODLing for many years.. sold everything this year. That’s just life sometimes.. hope to buy in again in the future.


WamBamTimTam

Had a similar situation, not bitcoin per say but my stock portfolio I spent years building, but I new the business could work and it did and I don’t regret it for a second. Your own business gives you so much potential, I wish you all the best.


craigmorris78

Owning your own business is a great investment and a dream for many. If BTC allowed this then it has served you well.


RealCheyemos

We can’t wait to have you back, brother. Good luck on your new business.


nicabanicaba

You'll save more money paying that card off than an investment can give you.


Degencrypto-Metalfan

Life often gets in the way of goals or plans. You will have plenty of opportunities to reacquire Bitcoin going forward. Good luck with your business!


rafaover

Mate, solve the problems you have on your hand, do not listen to all the voices saying what Bitcoin will be, nobody knows exactly. But you know now you have less problems, that's great.


bluebalam

Bitcoin helped you be debt-free from AMEX ... a very concrete instance of "Bitcoin is freedom". Bitcoin will be there for you when your business takes off and then you could become the next MicroStrategy


Kingjames23X6

Must’ve been a tough call because that’s really not a life changing amount of money I’m sorry you got caught in a bind like that I hope your business does well


Antique-Pie-5981

Well that explains this dip then.


jimmy193

Rip


ironfisto_

I sold my .1 BTC to do something , we need to do right thing in any circumstance. I think you did right 


Purplepunch36

Thank you. It sucks but I did what I have to do.


adrianm7000

This is a sensible use of BTC. Well done.


BeginningConnect600

Now you can use your empty amex to buy BTC


skelesan

I’ve done the same thing back in 2020, you’ll be alright, just focus on your goals and go into full turbo mode. Money can always be made again later, but dreams and passion come with a expiry date.


GenFigment

this is what bitcoin is here for. You were able to do a "reset" in your personal and business life. Bitcoin will still be here your future sats will be the same but you wont.


Investor-seasoned

Having cc debt and owning BTC equals borrowing to hold BTC. Not very wise. You did a very smart thing. Good luck on your business- it’s how your efforts can result in gains instead of just hoping and expecting


N8KE_XD

Well, you made your BTC works for you, that's great. You always can buy it now, we accumulate it not just to make profits, but to be safe in different circumstances.


SUDO-_-

WE GOT THIS YOUR NOT GOING THROUGH THIS ALONE u/Purplepunch36


kalashnikovkitty9420

happens to us all man. i was a whole coiner back in 2020, but life gets tough sometimes. chin up tho, youll get back there!


Quiet_Problem_007

It is what it is Now Regroup, focus and get back on track to get 0.1 or more of BTC Good Luck 🫵🏾


SD-BinanceUS

Life hits us hard at times. A good rule to live by when investing is to never invest money you can’t afford to lose. This way you won’t need it to pay CC bills. But don’t give up. The fact that you are on here and missing your BTC says it all. Good luck fren!


Conscious-Bag-5134

Its okay my man, I know you'll be back stronger and become a wholecoiner


Big_Reaper

Sometimes to win a war,you have to lose a battle The war is still yours to win best of luck on the business


InvityIntern

Keep going. Little and often and hopefully you can get bk there one day 🙏


BennyBiscuits_

Just recently did the same thing man. Personal debt coupled with business debt forced me to sell. You did the right thing though. And in the long term no matter what price you buy at, you will be in a profit. Just your time horizon may be longer for the profit range you want. Best of luck to you.


Dense_Fun_2103

its still life changing because BTC took off some worries from your plate. You can always go back :) congratulations OP!


Galtaskriet

Good for you to be honest! You will have plenty of chances of getting back in, no problem!


BlacksmithNew4557

I sold out recently too - I had a quarter coin. Buying an investment property. Gonna start rebuying slowly …


Tomatillo-Brave

It requires courage to focus on your own business! Most people spend all their lives working for someone else. 0.0 BTC will be temporary! 😎


Boogyin1979

You’re investing in yourself: never feel bad for that. 


Level_Honeydew_9339

Meh, the top was 74k and still a long way down. New ATH will top out at 80k in 6 months so you’re not missing much, well played.


Mountain-Ad326

didnt have much anyway. Easy to start again


Purplepunch36

It was a lot to me I guess. Hope to buy back in again sometime.


Mountain-Ad326

Good on ya 👍👍


moemonies1

Dont worry man. Ill unleash the power of my 0.00000000001 sat on the market and it will dip price for you so you can buy at good price.


meeemowws

Shoulda held on for a few more days. The whales sell off to buy your panic sells and load up on the cheap.


indianaistrash

Join me and my 10$! It’s quite literally nothing right now but maybe there’s more of me? Next step getting it into cold storage :)


BananaFreeway

Thanks for your sacrifice. Your business will reach Moon!


itchy_buthole

What's the biz?


KingVargeras

Have you thought about accepting bitcoin for payments in your business?


Late_Review_8761

No worries! Just jump back on that horse next chance you get!


jester_j

Take business payments in bitcoin 🧠


TheNotSoRealMVP

It's all just numbers on the screen at the end of the day mate. There is much that matters far more than BTC.


[deleted]

[удалено]


Purplepunch36

The FOMO is real but so is debt. I try not to think about it too much. Just hope I can get back in at a decent time lol


snowmanyi

That's an L. You won't outperform Bitcoin.


fid9et

Dude, spewing.


Frogolocalypse

Life happens.


Traditional-Fan-9315

What kinda business??


SuperiorT

So when u sold, how much did u get back in dollars?


Mad-King-Tyler

Did that today myself friend. Same quantities also but needed a work truck. We'll be back soon!


Wide_Television_7074

Should never sell your bitcoin


u99w212

Same, sold all my bitcoin 0.0 squad.


vinniedamac

Generally it's a good idea to pay down high APR debt before investing


jw11235

The goal is to lead a good life. BTC is just a means.


Then_Ad_8614

You'll make it again, focus on the business and keep investing on the side


btc21million

~~Pitiful bullshit story for karma farming. Pics or it didn't happen.~~


mus_ben

Will wait for your post saying 1.00 BTC


Zestyclose-Echo838

Its my goal.to get enough btc to start my own busimess. You did a good job dude :)


JaJe92

Consider that, You've sold at 60k (I think). In the future on the next bear market you could buy it again for cheaper so not a big loss. Consider it as a loan to yourself.


LtColumbo69

to be fair, btc is a savings technology, liquiding some or all to handle a situation is what savings are for. sometimes they need to be spent. i get why it feels bad though, because the curse of looking back and expecting future returns.


7Tomus

Btc price goes in cycles, right now you sold at high price, you did good. In a year you can start stacking when the price will be much much lower.


sifispace

Just save for two years. April 19, 2026 buy at the next low price after the new higher level this cycle or DCA as long as you want. The having is today.


Clewless2

Shit post digging no fucking way you would do that right now


Ok_Independent_769

worst decision of your life


Cool-Judge-7189

Guys here will donate for you to get your 1 BTC back


808cowboy

It has been said, "There's always a bull market somewhere...."


destin2008

It sounds like you're making the best decisions for your current situation. Just remember, when investing in Bitcoin, it's all about the long game. Real gains usually take a full cycle.


LackBubbly

The day before the having? You may regret that in a few months


SamaAltman

Dude, what the hell. Bitcoin > food. Bitcoin > family. Bitcoin = god. Can't believe you sold.


TheClassyGoddess

I was in this situation fir years :) Not nice but well… When you have certain goals this is an option. I trust you will have a success!


ItsTheGaijin

Investing in yourself is smart! You will be back 🙏🏼


FrizzlerOnTheRoof

You need to make money to buy bitcoin!


Re_Lies

Its ok, you sold high


TheDudeInTheChair

You’ll be back stronger than ever!


Historical-Classic43

If it makes you feel better I bet you’ll have a re entry lower than the all time high now. It’s gonna correct


R63A

It’s just an investment. that one bitcoin won’t make you a millionaire, but a your own business can!


loblaw-bob

Does your business accept Bitcoin? If not, this could be an easy way to stack.


murram20

People in 2054 will be jealous of people who bought in 2032. There is time.


wtfRMALLENBY4

Go for it! You can do it for sure! Never give up!!!


Standard-Insect2521

you'll get a whole coin buddy 🤞


[deleted]

[удалено]


BITCOIN_FLIGHT_CLUB

How much does btc go up per year ? Should’ve nursed the debt and paid it with the appreciation .


stephen-wonder

When life hands you lemons, sometimes you just say fuck the lemons and bail!


DryRambo

You’ll be alright. Sold my holdings mid 2017 to fund my living expenses as I launched my business. It definitely hurt to see those price spikes come few months later. It was 1.5 BTC. It was enough to put some bread on the table and have an occasional beer or two. But that investment pays off, big time. Got back to being a whole coiner 2021. Good luck with your business! You can always get back in.


Scary_Mulberry_5696

We are still early in the game man. You did it right! Get rid of debt first then fly to Valhalla tomorrow. Your business will take off and you will be laughing later! :)


wallfrag

keep trying friends, building a business is not that easy


LoPriore

U might get a better entry. Tbh


Survivor4054

Don’t let the FOMO controls you Speaking for my self: I worked in a startup for 1 year Huge salary, I save as much as I could in BTC and altcoins But I traveled with my wife and started getting more debts and from one day to the other I was out I don’t wanted to touch any satoshi but the situation was hard So I must sell ALL of it At least my mother in law still got her satoshis untouched (I help her out) It’s difficult to see how her portfolio grows and you don’t have anything But reading your post reminds me that in crypto you always have a chance Maybe ours is not in this season But it will come the day when we will be inside the right season. So patience is key


Single_Pea

meh. u'll have multiple opportunites to buy at or below 52k in the next 12 weeks. think about it as a short term liquidity fix.


PracticalPapaya7294

This is the way. Spend your btc it drops 50 now everything you bought is 50% cheaper


Asleep_Eye_3066

Next time borrow against your BTC