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I heard about it when it was about $30 and it looked expensive to me back then and even if I bought some, I wold have sold them long time ago at 2,3,5x as I muc

by SirLJ 3y ago

I heard about it when it was about $30 and it looked expensive to me back then and even if I bought some, I wold have sold them long time ago at 2,3,5x as I much prefer the stock market (and even real estate) for investing...

dvirsky 3y ago
Same here, I actually started to buy some at $30 for the heck of it, but the process to buy then was so involved that I gave up and wanted to get back to it later, and never did.
tamimio 3y ago
I held on to them for so long because my old laptop’s motherboard died and I had the wallet there. I forgot about them till around 2014, when I looked for them and surprisingly managed to extract them from the hard disk as everything was dead in that laptop not just the motherboard. Then I secured them and forgot about them again until Covid time, when they skyrocketed in value. So I don’t deserve all the credit for holding them, but rather my poor laptop and memory.
- jbverschoor 3y ago
  Inaction regularly is the best move
  - lifestyleguru 3y ago
    Buying bitcoin in 2010 absolutely wasn't inaction, it was a painful process. The problem is identifying when not to do anything. Tell me one thing to do once in 2024 and then forget about it until 2038. Subscription to an AI service? Nah...
xanderlewis 3y ago
I bought £5 worth in 2017 or so and (after remembering I even had them) sold for ~£20 a few years later. 4x! Yay! …shame I didn’t invest my entire life’s savings.
- _benj 3y ago
  Hindsight is rough. I wanted to buy some when I was in college living of student loans, they were at $600… I should have use my student loans to buy bitcoin instead of the hobbies I had in college…
  - xanderlewis 3y ago
    Almost by definition these things are very difficult to predict. That’s life! The question is: what’s worth very little now that will be worth millions in ten years? Presumably at any given point in time there exist such things.
    - _benj 3y ago
      True. I have no idea, not even a clue where to start looking for such thing. It seems to me that the best one can do is just diversify, acquire a bunch of stuff that might grow and hold them for 20 years.
paulpauper 3y ago
if everyone who wish they had bought had bought , the price would have been 50k long ago and crashed to $5 probably equally fast. People missing out is why the price has gone up for as long as it has.
- SirLJ 3y ago
  I have no regrets, if I can see the future, I have better strategies to make money and can make an easy 10 000 000 x every week...
- lasftew 3y ago
  If everyone who has been holding bitcoin for years cashed in their balance today, the price would rapidly approach zero. Emperors, clothes, and all.
  - latchkey 3y ago
    Except at this point, that won't ever happen. I certainly wouldn't ever sell. If it starts heading to zero, I would just start buying as much as I could. I know I'm not the only one.
  - npoc 3y ago
    It's called supply and demand. If the demand for something drops to zero, so does the price. This goes for anything in the world.

by SirLJ 3y ago

dvirsky 3y ago

Same here, I actually started to buy some at $30 for the heck of it, but the process to buy then was so involved that I gave up and wanted to get back to it later, and never did.

tamimio 3y ago

I held on to them for so long because my old laptop’s motherboard died and I had the wallet there. I forgot about them till around 2014, when I looked for them and surprisingly managed to extract them from the hard disk as everything was dead in that laptop not just the motherboard. Then I secured them and forgot about them again until Covid time, when they skyrocketed in value. So I don’t deserve all the credit for holding them, but rather my poor laptop and memory.

jbverschoor 3y ago
Inaction regularly is the best move
- lifestyleguru 3y ago
  Buying bitcoin in 2010 absolutely wasn't inaction, it was a painful process. The problem is identifying when not to do anything. Tell me one thing to do once in 2024 and then forget about it until 2038. Subscription to an AI service? Nah...

xanderlewis 3y ago

I bought £5 worth in 2017 or so and (after remembering I even had them) sold for ~£20 a few years later. 4x! Yay! …shame I didn’t invest my entire life’s savings.

_benj 3y ago
Hindsight is rough. I wanted to buy some when I was in college living of student loans, they were at $600… I should have use my student loans to buy bitcoin instead of the hobbies I had in college…
- xanderlewis 3y ago
  Almost by definition these things are very difficult to predict. That’s life! The question is: what’s worth very little now that will be worth millions in ten years? Presumably at any given point in time there exist such things.
  - _benj 3y ago
    True. I have no idea, not even a clue where to start looking for such thing. It seems to me that the best one can do is just diversify, acquire a bunch of stuff that might grow and hold them for 20 years.

paulpauper 3y ago

if everyone who wish they had bought had bought , the price would have been 50k long ago and crashed to $5 probably equally fast. People missing out is why the price has gone up for as long as it has.

SirLJ 3y ago
I have no regrets, if I can see the future, I have better strategies to make money and can make an easy 10 000 000 x every week...
lasftew 3y ago
If everyone who has been holding bitcoin for years cashed in their balance today, the price would rapidly approach zero. Emperors, clothes, and all.
- latchkey 3y ago
  Except at this point, that won't ever happen. I certainly wouldn't ever sell. If it starts heading to zero, I would just start buying as much as I could. I know I'm not the only one.
- npoc 3y ago
  It's called supply and demand. If the demand for something drops to zero, so does the price. This goes for anything in the world.