4 ms·

I used to believe. Bought when it was US$ 1k, sold at 1.1k when I ceased to believe, and have no regrets whatsoever. Perhaps I am missing something ("the market

by epx 6y ago

I used to believe. Bought when it was US$ 1k, sold at 1.1k when I ceased to believe, and have no regrets whatsoever. Perhaps I am missing something ("the market is always right"?), one day we will know. If Bitcoin diverts surplus money from real estate for a while, and fellow software developers/cypherpunks sell it one day before the bubble bursts, therefore taking money from boomers and FOMOs, I am happy enough.

psychlops 6y ago
[snarky comment removed, my apologies]
- epx 6y ago
  I don't care. And many things could have happened between 1.1 and 52 (stolen wallets et al.). One could argue that whoever bought and held has been remunerated for the risk.
javert 6y ago
> If Bitcoin diverts surplus money from real estate for a while, and fellow software developers/cypherpunks sell it one day before the bubble bursts, therefore taking money from boomers and FOMOs, I am happy enough. Interesting admission. Wanting to see some group suffer seems to be the motivation for a decent amount of the bitcoin hate on HN. Guess you simply hate some other groups more than you hate bitcoiners.
- epx 6y ago
  'Hate' is a strong word. Fact is, there are people out there with lots of money that needs to be 'parked' somewhere. Enough has been said about real estate boom caused by empty houses being bought by Chinese while the locals can't make rent. If Bitcoin absorbs this kind of surplus money, it is kind of positive. But all bubbles eventually burst.
  - javert 6y ago
    Investment money pours into real estate because the financial system is broken. Hopefully bitcoin will help fix that.