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In the summer of 2011 I spent my life savings on Bitcoins. Took me about two years of following the ins and outs of the community before taking the plunge. Sho
by alaskamiller 13y ago
In the summer of 2011 I spent my life savings on Bitcoins. Took me about two years of following the ins and outs of the community before taking the plunge.
Shortly thereafter I lost my job and had to do a fire sale of everything to keep pushing and living in a city that is now more expensive than New York City.
Back then, to me, bitcoins were worthless.
I couldn't pay rent, my landlord laughed.
I couldn't buy food, no one even heard of it.
It was still too nerdy, showing people a long chain of non-sensical numbers and letters didn't elicit confidence that I am a sane enough person to not pay for goods and services with dollar bills.
So I decided to sell all of my bitcoins.
The exchange I bought the coins from went bankrupt but the operators were decent enough to at least cut a check for me. A year later.
But I could have been a millionaire. Could have been somebody!
Then again, when I think about it, really think about it I missed out on:
- first dot com boom
- first round of war profiteering
- housing market boom
- second internet boom
- second round of war profiteering
- the forex boom
- the gold boom
- AAPL
- GOOG
To quote the greatest warrior-poet of our generation, Kanye West: Now everything I'm not, made me everything I am.
- derefr 13y agoSo, what you're saying is... be ready to pounce on the third wave of war profiteering? ;)