4 ms·

I first heard about bitcoin sometime in college (2007-2011). At the time I thought about buying a couple just for fun (might have been a few dollars worth? Can’

by nkrisc 8mo ago

I first heard about bitcoin sometime in college (2007-2011). At the time I thought about buying a couple just for fun (might have been a few dollars worth? Can’t remember). But I decided it was a waste of money. And at the time, it was a complete waste of money. I don’t regret it at all. Only with knowledge of the future would it have been worthwhile. But today when I see what cryptocurrency has become, I regret my decision even less. There are countless ways I could have made millions if I knew the future. I don’t waste my time regretting those.

jonplackett 8mo ago
I was gonna buy $1000 of bitcoin in 2016 but I couldn’t find my passport to verify my identity with Coinbase and then forgot about it. Ah well.
- rkomorn 8mo ago
  Would you have $100k now or would you have sold it when it tripled to $3000 because that would've felt like a really good return already, though?
  - jonplackett 8mo ago
    Yeah this is the story I tell myself to make me feel better. I may well have even more regret! Or thought I was an investment genius and invested loads more and then sold it at a bad time.
    - b0bbi 8mo ago
      yeah as Warren Buffett once said: "Our favorite holding period is forever".
      - rkomorn 8mo ago
        That is basically my strategy. Everything I buy is with the intent of selling in a couple of decades when retirement comes, at the earliest.
        b0bbi 8mo ago
        It's a great strategy as long as there's agreement between people and that the "S&P500" (paste your) means something :)
- b0bbi 8mo ago
  would you keep it till today?
  - jonplackett 8mo ago
    Probably would have sold it when it doubled and felt like a genius… and then an idiot.
    - b0bbi 8mo ago
      yeh, that's true :) btw, I'm sure many did just that
- andirk 8mo ago
  I did find my passport at that same time and threw a lot more USD at it. It's nice.
eru 8mo ago
> And at the time, it was a complete waste of money. I don’t regret it at all. I think, spending 50 bucks on bitcoin back then wouldn't have been a complete waste of money: in the worst case, you could have kept them as a souvenir from a passing fad to tell your grandchildren about. Like pet rocks. However, I heard about bitcoin around the same time, and even read the whitepaper etc (I'm a mathematician and did some actual cryptography at the time), but still didn't buy any.
andirk 8mo ago
Just like any stonk that's increased in value, woulda coulda shoulda. Keep an eye out for things that you care about and things you think other people will care about, and invest in those.

by nkrisc 8mo ago

jonplackett 8mo ago

I was gonna buy $1000 of bitcoin in 2016 but I couldn’t find my passport to verify my identity with Coinbase and then forgot about it. Ah well.

rkomorn 8mo ago
Would you have $100k now or would you have sold it when it tripled to $3000 because that would've felt like a really good return already, though?
- jonplackett 8mo ago
  Yeah this is the story I tell myself to make me feel better. I may well have even more regret! Or thought I was an investment genius and invested loads more and then sold it at a bad time.
  - b0bbi 8mo ago
    yeah as Warren Buffett once said: "Our favorite holding period is forever".
    - rkomorn 8mo ago
      That is basically my strategy. Everything I buy is with the intent of selling in a couple of decades when retirement comes, at the earliest.
      - b0bbi 8mo ago
        It's a great strategy as long as there's agreement between people and that the "S&P500" (paste your) means something :)
b0bbi 8mo ago
would you keep it till today?
- jonplackett 8mo ago
  Probably would have sold it when it doubled and felt like a genius… and then an idiot.
  - b0bbi 8mo ago
    yeh, that's true :) btw, I'm sure many did just that
andirk 8mo ago
I did find my passport at that same time and threw a lot more USD at it. It's nice.

eru 8mo ago

> And at the time, it was a complete waste of money. I don’t regret it at all. I think, spending 50 bucks on bitcoin back then wouldn't have been a complete waste of money: in the worst case, you could have kept them as a souvenir from a passing fad to tell your grandchildren about. Like pet rocks. However, I heard about bitcoin around the same time, and even read the whitepaper etc (I'm a mathematician and did some actual cryptography at the time), but still didn't buy any.

andirk 8mo ago

Just like any stonk that's increased in value, woulda coulda shoulda. Keep an eye out for things that you care about and things you think other people will care about, and invest in those.