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What is the crazy part? I bought BTC at 200, 400, 800, 1200, 3000, 11,000, and 7,000. I like BTC wayyy better than USD. If I need to spend 2$ at taco bell, I'
by mkirklions 8y ago
What is the crazy part?
I bought BTC at 200, 400, 800, 1200, 3000, 11,000, and 7,000.
I like BTC wayyy better than USD. If I need to spend 2$ at taco bell, I'll just use my bitcoin.
- beojan 8y agoAnd kicked yourself for that $180 Taco Bell when it peaked at $18,000, right?
- mkirklions 8y agoNo, I do DCA. https://www.investopedia.com/terms/d/dollarcostaveraging.asp https://www.investopedia.com/terms/d/dollarcostaveraging.asp
- beojan 8y agoTo buy Bitcoin, sure. When it hit $18,000 you would still look back at the $2 (then) worth that you spent at $200 / bitcoin and regret it.
- ric2b 8y ago> When it hit $18,000 you would still look back at the $2 (then) worth that you spent at $200 / bitcoin and regret it. This a completely emotional argument, there's no logic behind it, you could also regret spending $2 at Taco Bell instead of on Bitcoin.
- ric2b 8y agoJust as much as you kicked yourself for spending $2 on Taco Bell instead of buying Bitcoin at the exact same time. It's the same thing.
- chriswarbo 8y ago> If I need to spend 2$ at taco bell, I'll just use my bitcoin. The currency you're using is USD, since that's how Taco Bell set their prices and it's how you're measuring the value of your bitcoins (via the exchange rate). I've yet to see any business set their prices in bitcoin. Everyone accepting bitcoin payment is setting their prices in fiat currency (e.g. $2), and accepting an equivalent amount of bitcoin (based on market rates); i.e. treating bitcoin as a payment gateway rather than a currency.