Comment by hunter-gatherer

Comment by hunter-gatherer 13 hours ago

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.

milesvp 11 hours ago

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.

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gosub100 8 hours ago

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.

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digging 10 hours ago

There's almost no way to make really good decisions with crypto anyway. The people who held on to early gains often think themselves geniuses but they were acting entirely on unfounded faith, like everyone else.

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