I just want to share something that felt like a full-circle moment for me.
I was one of the people who had money stuck in FTX. When everything crashed and the truth about FTX came out, I really thought I would never see that money again. It was devastating. I am not someone who has a lot, so the amount I had there, around $x,xxx, felt too big to lose. It was hard to accept, and honestly, I already did. I just told myself it was gone forever.
But recently, I got an unexpected surprise. The FTX Distribution gave me back that $x,xxx. I did not expect it at all. And the moment I got it, I did not even hesitate. I used it to buy Bitcoin. Whatever the price was at the time, I just bought.
Why? Because during the time I lost that money, I felt helpless. But now, even if it is just symbolic, I wanted to take that back into my hands. I believe in Bitcoin. And even after what happened with FTX, I still believe Bitcoin is one of the few things you can hold without trusting a person or company. It is pure code and math.
Getting that money back felt like a second chance. I am not saying it is a perfect decision, but it is mine.
Just wanted to put this out there in case someone is going through the same thing. There is hope. Hang in there.
I want to congratulate you on getting back the money. And yes, the fall of FTX has indeed frustrated many people, most of whose cases are the same as what you experienced. And I'm sure there are now many happy people who have also gotten back their money that was also initially stuck with FTX.
And I like your decision about putting your money into buying or accumulating bitcoin no matter what the price. I understand why you decided that. Because you even gave up the money if it had to be lost. So now you definitely won't hesitate to buy that money on assets with the most potential for the long term. Besides, it looks like you are ready not to use it in the long term. So yeah it was a wise decision to put it into bitcoin.
And yes, the second chance you have has also made you learn that saving money on the stock exchange is not recommended and you no longer want to save money on the stock exchange, right? And the proof is that now you buy it directly into Bitcoin. But I hope you keep your bitcoins in your cold wallet.