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the biggest notable difference between then and now is then bitcoin seemed to be going only up. Now it seems to be going down Thats not a notable difference -

the biggest notable difference between then and now is then bitcoin seemed to be going only up. Now it seems to be going down Thats not a notable difference - it goes up and down all the time. Its renowned for its volatility. You can hardly say 'bitcoin seemed to be going only up' with a straight face - its been a rollercoaster since day 1.

B1FF_PSUVM 5y ago
> since day 1. I seem to remember that back then it was more "When you're down so low, the only way is up". I should have grabbed a few score of those BTC for pocket change, but did not bother. Yeah, I know.
- RangerScience 5y ago
  Someday, in the future: Child: Parent, parent, where does our generational wealth come from? Parent: Well you see my child, back in 2012, I didn't buy a pizza...
- edoceo 5y ago
  Yea, my hind-sight portfolio is really kicking ass.
- anthony_romeo 5y ago
  The advice I remember was: “If it’s low, buy. If it’s high, buy.”
onlyrealcuzzo 5y ago
Since Day 1 - Bitcoin was worth 1000+ Bitcoins to 1 USD. Yesterday it took $59,000 USD to buy 1 Bitcoin. It's had a few sharp downs. It's had a few long plateaus of a year or so. But - from the perspective of yesterday going back a few months - it certainly seemed to only go up. If the S&P was up over 59,000,000x in 12 years, people would say the S&P only goes up... I mean, they already say "stonks only go up".
- corin_ 5y ago
  Yes it's being going up overall (a lot), but even if you just look at a chart of the last 12 months, it hasn't dipped more now than it did a few times last year - I can see why some people think it's going to keep going up for a long time, and others the opposite, but I can't see why anyone would think "great it's always going up" until now and be scared by a relatively minor dip down here.
  - codeulike 5y ago
    My point exactly
- swiley 5y ago
  "past performance... future returns" The S&P keeps going up because if it went down the fed would lower interest rates until it started going up again.

B1FF_PSUVM 5y ago

> since day 1. I seem to remember that back then it was more "When you're down so low, the only way is up". I should have grabbed a few score of those BTC for pocket change, but did not bother. Yeah, I know.

RangerScience 5y ago
Someday, in the future: Child: Parent, parent, where does our generational wealth come from? Parent: Well you see my child, back in 2012, I didn't buy a pizza...
edoceo 5y ago
Yea, my hind-sight portfolio is really kicking ass.
anthony_romeo 5y ago
The advice I remember was: “If it’s low, buy. If it’s high, buy.”

onlyrealcuzzo 5y ago

Since Day 1 - Bitcoin was worth 1000+ Bitcoins to 1 USD. Yesterday it took $59,000 USD to buy 1 Bitcoin. It's had a few sharp downs. It's had a few long plateaus of a year or so. But - from the perspective of yesterday going back a few months - it certainly seemed to only go up. If the S&P was up over 59,000,000x in 12 years, people would say the S&P only goes up... I mean, they already say "stonks only go up".

corin_ 5y ago
Yes it's being going up overall (a lot), but even if you just look at a chart of the last 12 months, it hasn't dipped more now than it did a few times last year - I can see why some people think it's going to keep going up for a long time, and others the opposite, but I can't see why anyone would think "great it's always going up" until now and be scared by a relatively minor dip down here.
- codeulike 5y ago
  My point exactly
swiley 5y ago
"past performance... future returns" The S&P keeps going up because if it went down the fed would lower interest rates until it started going up again.