From FIRE To Bitcoin: One Canadian’s Journey To Bitcoin

2 years ago

A one-year retrospective from a Canadian Bitcoiner who lived done the Freedom Convoy successful Ottawa and recovered a lifeline successful the Bitcoin community.

This is an sentiment editorial by Boomer, a long-time and progressive subordinate of the fiscal independence/retire aboriginal (FIRE) question and a contributor astatine Bitcoin Magazine.

It has been precisely 1 twelvemonth since I started my Bitcoin journey, and aft being inspired by gathering respective astonishing Canadian Bitcoiners implicit the past fewer weeks, I privation to stock my story. In immoderate ways, my orange-pilling has been the top happening to ever hap to me, but it has besides been highly trying. I conjecture you tin comparison it to “The Hero’s Journey.”

I’ve been a working-level economist successful the Canadian authorities for astir 8 years. I’m fortunate to person a vocation arsenic a nationalist servant wherever I’m capable to assistance people. I consciousness honored to service Canadians and marque a affirmative quality for my country. When the pandemic deed successful March 2020, I did my portion to assistance out. I followed mandates and restrictions, and I genuinely felt similar I was doing the close thing.

The isolation and loneliness were precise tough. As an extrovert who’s utilized to a lively and collaborative situation wherever regular and the sharing of ideas and thoughts were important, moving from location was implicit torture. For years, I had been rather progressive successful the FIRE (financial independence/retire early) assemblage and started a fiscal literacy coaching company. Like astir radical successful the FIRE movement, I dismissed Bitcoin arsenic an absorbing but apt passing fad. I could spot that long-lasting pandemic lockdowns would apt origin proviso shortages, and the operation of cardinal slope wealth printing and authorities stimulus would beryllium inflationary successful the longer term. I started to see definite ostentation hedges for my ain concern portfolio and thought that possibly my coaching work could differentiate itself successful that way. I started my orange-pill travel with the volition of learning however precisely bitcoin would acceptable into an inflation-hedging strategy, but I knew it had a place.

I’ve been an avid podcast listener for good implicit a decade, and I volition often prime a taxable and perceive to arsenic galore podcasts arsenic I tin astir it until I’m acceptable to leap to a caller topic. I went into learning astir “crypto” successful the aforesaid way. While I could spot and recognize the wide economical aspects of bitcoin and however it could beryllium integer gold, I’ve ever lacked the machine subject and exertion skills to consciousness assured astir jumping into the satellite of cryptocurrencies. I conjecture I conscionable felt excessively intimidated to truly dive in. I couldn’t marque the favoritism betwixt crypto and bitcoin, but erstwhile I decided to perpetrate to learning, I went successful with an unfastened mind. I privation I could accidental that I recognized these altcoins arsenic shitcoins close away, but I didn’t. Despite not genuinely knowing what they were, I created a humble portfolio of the top-10 cryptocurrencies by marketplace capitalization successful an effort to mimic what a cryptocurrency scale money would look like.

In the meantime, I was listening to podcasts from Robert Breedlove, Peter McCormack and Pomp, who were each telling maine that bitcoin was the lone existent cryptocurrency. I retrieve listening to Breedlove’s bid with Michael Saylor successful mid to precocious June 2021 and feeling things commencement to autumn into place. This is erstwhile I really started down the rabbit hole. I ordered a transcript of “The Bitcoin Standard,” and I spent the summertime consuming arsenic overmuch Bitcoin contented arsenic I perchance could. I created a Twitter relationship devoted strictly to Bitcoin successful September, and I’ve been trying to lend arsenic overmuch arsenic I’m capable to the Bitcoin assemblage ever since.

If summertime 2021 was my instauration to Bitcoin, autumn was a honeymoon period. I had truthful overmuch excitement and I wanted to stock it with arsenic galore radical arsenic I perchance could. Since COVID-19 restrictions eased a bit, I acceptable up a FIRE meetup successful aboriginal October to speech astir however bitcoin fits into a FIRE lifestyle. Over the years, I’ve organized astir 10 of these kinds of meetups wherever radical stock ideas connected however to prevention money, maximize recognition paper rewards and unrecorded with purpose. A mean turnout for 1 of these events was astir 8 people; my Bitcoin lawsuit brought retired a dozen. I didn’t recognize it astatine the time, and looking backmost connected it, I cognize that I wasn’t anyplace adjacent qualified for it. It was astir this clip that a section Bitcoiner met with maine for a coffee. The archetypal clip that I talked astir Bitcoin with a Bitcoiner successful person.

By the extremity of 2021, I had wholly sold retired of my altcoins and was wholly successful bitcoin. The opus of the shitcoin siren is tempting, and astir of america autumn for it astatine immoderate constituent successful our journey. Thankfully, I didn’t larn this acquisition the hard way. I was capable to merchantability retired of my positions astatine a flimsy loss, and I see that nonaccomplishment the terms of my Bitcoin education. It was astir this clip that I besides learned the value of self-custody.

As anyone who’s dived profoundly into the rabbit spread knows, determination are immoderate parts of the travel that marque you question antecedently held beliefs and tin alteration your views connected definite aspects of the satellite astir you. I recognize that this is pugnacious for everyone, but effort doing it unsocial — during different COVID lockdown — portion you unrecorded successful Ottawa successful the winter.

By the clip the Freedom Convoy was being reported connected the news, I was already questioning a batch of the things I was seeing. When the convoy began to marque its mode to Ottawa, I decided to travel it. I virtually drove alongside the convoy crossed respective Canadian provinces and saw radical waving Canadian flags arsenic they gathered connected overpasses. It was an perfectly surreal acquisition that I’ll ne'er forget.

It lifted my spirits to spot “community” again aft 2 years of lockdowns. It was besides heartwarming to spot Quebecers and Albertans chatting successful breached English astatine the protests. I grew up successful the 1990s, astatine a clip erstwhile determination was a genuine rift successful Canada betwixt French-speaking Quebec and the remainder of Canada. This disagreement was other impactful connected me, since my parent is francophone and my begetter is anglophone. Something peculiar happened successful Ottawa this winter, and it saddens maine that galore — possibly adjacent astir — Canadians inactive haven’t realized it yet.

I was alert of what the Bitcoin assemblage was doing to enactment the Freedom Convoy. I followed the Twitter threads and listened to the podcasts. I knew that Canadian Bitcoiners were stepping up to bash what they felt was close successful bid to enactment the movement. I wanted to assistance truthful badly, but I was afraid. I was acrophobic that if I contributed successful immoderate way, I would beryllium putting my vocation astatine risk. I besides knew that I was conscionable immoderate pleb with 250 Twitter followers that cipher knew. How could I perchance help, adjacent if I wasn’t a coward? At its core, Bitcoin is astir impervious of work, and I hadn’t done the enactment astatine the time.

I was invited to a Bitcoin meetup organized connected Twitter that happened portion the convoy was successful town. Several Bitcoiners that I had been pursuing for a portion had travel to the superior to acquisition what was happening successful person. I tin lone talk for myself, but friendships built done orange-pilling consciousness special. This was the benignant of assemblage I was searching for.

In the months since the trucks near Ottawa, I’ve made it a absorption to larn arsenic overmuch arsenic I tin and to fto my curiosity instrumentality maine wherever it goes. There person been times erstwhile I felt burned retired and pessimistic from the journey. The archetypal twelvemonth of a Bitcoiner’s way isn’t ever easy, but it got amended for maine arsenic I met others who had gone done it. I’m continually amazed astatine however overmuch of my preconceived notions person been questioned, and overmuch astir however I viewed wealth and economics has been relearned. It’s humbling and stimulating astatine the aforesaid time. It’s specified a unsocial experience, but I’m grateful for those who person travel earlier me. I cognize that I’m inactive aboriginal successful the journey, and determination volition beryllium much trying times ahead, but I cognize that I won’t beryllium dealing with them successful solitude.

Every clip I conscionable a chap Bitcoiner, I permission the speech feeling energized. It’s astonishing however radical with each sorts of backgrounds and interests tin find communal crushed successful Satoshi Nakamoto’s creation. I’m truthful incredibly bullish connected bitcoin, and I consciousness this mode due to the fact that of Bitcoiners.

I’m inactive trying to fig retired however I tin champion lend to this community, but I cognize this is wherever I belong. Maybe conscionable being successful the assemblage is enough, but for the past fewer months, I’ve felt a beardown tendency to make something. I inactive don’t cognize what that is, but I cognize that I’ll find it if I support surrounding myself with the large radical that I’ve met connected my journey. I came for the ostentation hedge, lived done a infinitesimal successful Canadian history, and now, I’m sticking astir done a carnivore marketplace to physique a amended world.

This is simply a impermanent station by Boomer. Opinions expressed are wholly their ain and bash not needfully bespeak those of BTC Inc. oregon Bitcoin Magazine.

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