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I probably should've taken the time to mine some back when my friends were doing it and tried convincing me too. Ah well. The thing I keep telling myself is if
by petercooper 9y ago
I probably should've taken the time to mine some back when my friends were doing it and tried convincing me too. Ah well.
The thing I keep telling myself is if I'd mined even 1000 bitcoins (which was viable at the time I first learnt about it) I'd have totally sold out at $10.. there is zero chance I would have made it to $1000 :-D
- bbarn 9y agoI sold my 200 at 40. Something for nothing, right? /facepalm
- deleted 9y ago[deleted]
- abledon 9y agonot sure if not ever mining/buying, or doing the above would be more frustrating haha
- coryfklein 9y agoIt doesn't have to be all or nothing. The proper strategy would be to sell a percentage at $10. In fact, if you started in 2011 with 1000 BTC and every year you sold 50% then today you'd have (by my rough calculations): 8 BTC (worth about $50k) $160k USD Of course it's not the millions you'd have if you just held each time, but for many that is a life changing amount of money and you would have obtained it in a responsible manner that doesn't just rely on the value of Bitcoin shooting to the moon.