Bitcoin

Ideas and insights about Bitcoin, money, self-custody and financial independence. Exploring what Bitcoin means beyond its price and why understanding money matters.

  • What I Wish I Knew About Bitcoin Five Years Ago

    What I Wish I Knew About Bitcoin Five Years Ago

    My journey from chasing crypto prices to understanding Bitcoin.

    When I first discovered Bitcoin around five years ago, I looked at it mainly as an opportunity to make money.

    Like many people, I was interested in the price. I wanted to understand where it was going, how much it could grow and whether it could become a good investment. I followed the market and thought about Bitcoin mostly in terms of numbers.

    But over time, something changed.

    The more I learned, the more I realised that Bitcoin was much more interesting than its price. It opened the door to questions I had never really thought about before: What is money? Who controls it? Why does its value change? And how much control do we actually have over our own finances?

    Looking back, there are several things I wish I had understood from the beginning.

    1. Bitcoin is more than an investment

    At first, I saw Bitcoin as another financial asset. Something you could buy, hold and hopefully sell for more money in the future.

    But Bitcoin is not simply another company share or financial product.

    It is a decentralised monetary network that operates without a central authority controlling it. Its rules are defined by its protocol, and its supply is limited to 21 million bitcoin.

    Understanding this changed the way I looked at it.

    Instead of focusing only on whether the price would go up or down, I became interested in why Bitcoin exists, what problem it tries to solve and why people around the world believe it matters.

    I started to see the bigger picture.

    2. Understanding money changes how you understand Bitcoin

    One of the most interesting things Bitcoin introduced me to was the subject of money itself.

    Most of us grow up using money without questioning how the system works. We receive our salary, keep savings in a bank account, pay our bills and assume that this is simply how money works.

    But money has a history, and the way modern financial systems operate is not something we should take for granted.

    Learning about inflation, monetary policy, central banks and the expansion of the money supply made me look at savings differently.

    It also helped me understand why Bitcoin’s fixed supply is so important to its supporters.

    You do not have to agree with every argument made by Bitcoin enthusiasts. But I believe understanding how money works is valuable in itself.

    Bitcoin gave me a reason to start asking those questions.

    3. Not your keys, not your coins

    This is probably one of the most important lessons I wish I had learned earlier.

    Buying Bitcoin is one thing. Understanding how to own and control it is another.

    When you leave your Bitcoin on an exchange, you are relying on that company to hold it and give you access to it when you want to withdraw it.

    Self-custody means taking responsibility for your own Bitcoin by controlling the private keys that allow you to access and spend it.

    This comes with responsibility. You need to understand how wallets work, protect your recovery phrase and make sure nobody else can access your funds.

    There is no customer service department that can simply reset your Bitcoin password if you lose your recovery phrase.

    That responsibility might sound intimidating at first, but it is also part of what makes Bitcoin different.

    For me, the idea that you can hold your own money without depending on a bank or another institution is one of the most interesting aspects of the technology.

    4. Privacy and financial independence matter

    Another thing I did not fully appreciate when I first discovered Bitcoin was the connection between money, privacy and personal independence.

    We live in a world where so much of our financial activity takes place through institutions and services that we do not control.

    Bitcoin offers another way to transfer and hold value. It can operate across borders, without requiring permission from a traditional financial intermediary.

    However, Bitcoin is not completely anonymous. Transactions are recorded on a public blockchain, and privacy requires care and understanding.

    That distinction is important.

    For me, learning about Bitcoin was not just about investing. It was also about understanding how much control I have over my own money and what alternatives exist.

    5. You do not need to become a trader

    One of the biggest mistakes beginners can make is believing that they need to constantly watch the market.

    Bitcoin’s price can move dramatically. It is easy to become caught up in daily movements, predictions and opinions from people online.

    I know how tempting it can be to focus on short-term opportunities.

    But over time, I became more interested in understanding Bitcoin itself than trying to predict every price movement.

    You do not need to trade every week or check the price every hour to learn about Bitcoin.

    Take your time. Read, question things, understand the risks and never invest money you cannot afford to lose.

    There is no need to rush.

    6. Learn before you invest more

    If I could give one piece of advice to someone discovering Bitcoin today, it would be this: learn before you invest more.

    Understand what you are buying. Learn how wallets work. Understand the difference between an exchange and self-custody. Read about the technology, the monetary system and the risks.

    Do not rely on social media personalities or promises of quick profits.

    Bitcoin is not guaranteed to make you wealthy. Its price can fall significantly, and there are real risks involved in holding it.

    The more you understand, the better prepared you will be to make your own decisions.

    And that is much more valuable than following somebody else’s predictions.

    What Bitcoin Means to Me Today

    Five years ago, I discovered Bitcoin because I was interested in making money.

    Today, I see it as something much bigger than an investment.

    It introduced me to new ideas about money, ownership, privacy and independence. It encouraged me to question things I had previously accepted without much thought.

    I am still learning. I do not consider myself an expert, and I do not believe anyone should blindly follow what I say.

    That is not what B FOR MYSELF is about.

    It is about learning, exploring different ideas, sharing real experiences and making our own decisions.

    Bitcoin may or may not be right for everyone. But I believe it is worth understanding, even if you never decide to own any.

    Because sometimes the most valuable thing an investment can give you is not money.

    It is a completely different way of looking at the world.

    Build a life on your own terms.

    — B FOR MYSELF