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I remember spending $20 on a plain medium cheese pizza in 2010. If only I instead bought BTC with that $20 and held it until today. What exactly is the differe
by IgorPartola 5y ago
I remember spending $20 on a plain medium cheese pizza in 2010. If only I instead bought BTC with that $20 and held it until today.
What exactly is the difference between our scenarios?
- haliskerbas 5y ago“It is better to have loved and lost than to have never loved at all.” The commenter you are replying to, had and sold, but you never had at all.
- IgorPartola 5y agoI had and sold at $1k/BTC. Thought I made out like a bandit considering what I paid for BTC/had mined it using free resources. But my point stands: the idea that just because you had BTC at some point doesn’t really negate the fact that you had no prior knowledge. If you did, I bet you would have spent all your money and took out huge loans to buy more BTC at $2 or even $0.20. It’s a fallacy to think that just because you actually converted $ to BTC that somehow makes your lost opportunity cost more special than if you just held/spent $.