4 ms·
These stories always make a big assumption: That if he had not trashed it, he would have held onto it until it was actually worth $4.8M. The reality is that he
by noonespecial 9y ago
These stories always make a big assumption: That if he had not trashed it, he would have held onto it until it was actually worth $4.8M.
The reality is that he (and everyone else) very likely would have sold out around $5k and proceeded to tell everyone who would listen how they made a killing with bitcoin.
Its a "stock exchange" story that usually just factors down to "if only I'd done a rare and risky thing that no one else in their right mind would normally do (that only occurred to me because of an accident and with the benefit of hindsight), why, I'd be a millionaire now!"
- johnwheeler 9y agoI threw away the opportunity to buy BRK.A in 1985 when it was worth ~$2,000. If I would have ponied up $8,000, which I had at the time, those shares would be worth over $1M now. Not that bad when you consider my grandfather throwing away opportunities to assassinate Adolf Hitler _and_ Lee Harvey Oswald. Who knows how different things would be if only he had the foresight. If only we had the foresight...