Being a bitcoiner is transformative. When you experience your first bear market, with price drops of 70%, the emptiness in your stomach is similar to the vertical descent of a roller coaster. With the difference that you have skeptical family and friends preaching in your ear that you fell for a scam. But time proves you right. Time and time again, he proves you right.
But getting to this point is not easy. The bitcoiner has to go through a Hero’s Path as the mythologist describes it, Joseph Campbell. This path, also known as monomythis an archetype of transformational journey present in all cultures around the world, and which serves as the basis for the narrative structure of all the blockbuster movies you love.
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The journey of the hero myth. Source: Hero’s Path, Joseph Campbell
The game of the precoiner
The precoiner lives in his ordinary world, with all his assumptions and prejudices about how the world works and should work and with his fiat work; maybe with some questioning or simply accepting its reality.
Suddenly, your call to adventure comes: perhaps in some bull run, you notice that everyone starts talking about the parabolic rise of Bitcoin; maybe there are change controls on your hyperinflationary country and you need a free alternative for savings; perhaps he was censored from the financial system; or simply a friend starts talking to you about it.
But he denies the call. Almost all of us go through a initial stage of skepticism when we first heard about Bitcoin. First, because it is difficult to understand. Above all, because no one teaches us the fraud behind the fiat system; It is not accepted without conflicts that have stolen your entire life from under your nose.. Second, because It’s hard to believe it’s so perfect how do you say. Third, in case of price doubts, Will it be too late? Will it fall and will I lose? Among many other reasons.
That’s when supernatural help arrives or a meeting with the mentor. This may be embodied in a friend, influencer, educator, podcaster, a media outlet like CriptoNoticas or any bitcoiner most on the path that provides you with the necessary wisdom to direct you on your journey and clarify initial doubts. How many of us started our journey thanks to Andreas Antonopoulos! How many learn with CriptoNoticias. Today, how many institutional They begin their journey with Michael Saylor. Even companies have to do their bitcoin hero journey.
After overcoming their initial internal conflict, the first threshold is crossed: the bitcoiner accepts the adventure and buys their first satoshis (or thousands of bitcoin, if they are a corporation), or accepts their first payment in BTC.
Initiation as a bitcoiner
The exciting life of a neo-bitcoiner! Even more so at the beginning of a bull run. You already think you are the best investor in the world because you see that your satoshis grow every day. But the path of testing begins. Above all, the internal proof of greed.
You start to see that there are dog coins that go up four times more than your bitcoins and you don’t understand why. It is the encounter with the goddess, the shitcoin perfect that will make you a millionaire overnight. The temptation. He goes into the deepest cave. There are no fundamental concepts to study, nor to hodling through different halving cycles. Chemically pure profit.
You may find yourself with your bitcoin mentor, who, surprised, will try to convince you to return from the devious path of shitcoins, reminding you that financial freedom does not mean just making more money measured in fiat, but separate the money from the State.
But with your 50% return in a week, arrogance would have debased your heart, and you will tell your mentor that Bitcoin is an obsolete technology, that you were left with a few satoshis on the exchange where you leave all your money, but that “you diversified your portfolio” in the dogs, the future of the cryptoeconomy.
Suddenly, the unthinkable happens: your first bear market.
You didn’t know it, but the anonymous creator of your dog coin was a huge scammer, he rug pulled you and made off with all your money. With the cyclical fall, incidentally, all the other currencies that you had bought to “diversify” fell 100% and your money is no longer worth even buying pity.
You think you can never recover. Banks are starting to close your accounts for linking you to cryptocurrencies. The State taxes you the same for each exchange you made, even though in the end you were left with only losses. Your exchange decides to freeze your funds and starts asking you for the source of your income. In the process, inflation ate up the few savings you had left in fiat. It’s the end.
Death and resurrection.
But you meet again with your bitcoiner mentor, who has already experienced three bear markets and has held stoically in self-custody and still has profits from the first satoshis he bought. Then the reconciliation with the mentor happens, the apotheosis, the great revelation.
You understand that losing that money was part of the learning necessary to understand that the fiat system is rotten insideand that now there is a completely scarce and unconfiscatable instrument, which makes possible an accurate economic calculation of all the goods in the world among 21 million. This was the supreme gift you were to receive, the goal of the journey. You get the reward: the elixir of knowledge.
And you have your final fight: eradicate your fiat mental preconfiguration and study Bitcoin well and self-custody to become sovereign of your money. New resurrection.
Return as a bitcoiner
The time has come to return to the ordinary world. After living the magical life of a bull market trader, losing, knowing how just another side of the fiat system is; Now that you recognize yourself as a bitcoiner and have gained the power of knowledge about Bitcoin, you feel deeply reluctant to return to a fiat job. But you know that you need a source of income to stack satoshis.
You cross the threshold back. You return to the common world, but now with new perspectives and powers, you return with the elixir of knowledge. You are lord of both worlds and can move between fiat and bitcoin with ease, having your purpose clear. The bitcoiner hero thus achieves the freedom to live, lowering his time preference, stacking satoshis and remaining equanimous in the face of momentary price fluctuations.
This is, broadly speaking, the journey of transformation that all bitcoiners live. The price at which we buy bitcoin, and the price at which we hold it, does not come without costs, battles and challenges.
So now that bitcoin is over USD 100,000, when some precoiner or nocoiner tells you that you were lucky, tell them that you are a bitcoiner hero.
Disclaimer: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of CriptoNoticias. The author’s opinion is for informational purposes and under no circumstances constitutes an investment recommendation or financial advice.
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