Comment by paulpauper
Comment by paulpauper 13 hours ago
how much is huge? thousands? I know it was easy back then to generate btc. You probably would have sold them at $10 or something ,congratulated yourself, and then felt massive regret anyway
Comment by paulpauper 13 hours ago
how much is huge? thousands? I know it was easy back then to generate btc. You probably would have sold them at $10 or something ,congratulated yourself, and then felt massive regret anyway
This is partly why I don’t feel bad about not buying bitcoin at $12. I did the math, and given my general investing strategies, where I rebalance periodically, I doubt I’d have made more than couple hundred thousand. It’s real money, but not the millions I once imagined I’d have made. Also, it felt risky at the time, so the money I might have lost would have been real to me at the time.
I never even saw it as a speculative investment. I had my eye on it at the same $12/coin price and thought "this is great, it will be the ultimate PayPal killer for online shopping". This was at the height of PayPals evil ages where they were enabling scammers and shutting down and blocking legitimate businesses. 12 years later PayPal has gotten a lot better, less relevant, and almost no one uses BTC for online retail shopping.
That's how I rationalize it. I had an early Bitcoin opportunity I missed out on but realized I'd have cashed out the second I could make a quick $1000 or something. Now my strategy with stuff like that is to keep a tiny "FOMO" amount even after selling the majority.
easy back then to generate btc
Was it? I ran a mining program for weeks with no results and finally deleted it because a) it was trashing my CPU the whole time and b) I was worried that Ihad been fooled and it was using my machine as a node for distributing CSAM or something.
This was my experience with litecoin. I bought some back in the day when it was < $1 from my minimum wage job and sold it all when it "skyrocketed" to somewhere above $1. In the end I made a few thousand dollars and thought pretty good about it. Only a couple years later when it touched (if I recall correctly) close to $300 did I have regrets. Oh well.