Sure wish I would have listened when bitcoins were a couple a bucks each.
Don’t decide until it all crashes - from its own weight, or by edict.
#metoo!
But I don't want to have BTC hit $250k and think, I could have got in for $58k
Don’t feel so bad. I was talking to a co-worker in 2011 that introduced me to Bitcoin.
I was looking to invest 5k into something and he told me I should invest in Bitcoin. Proceeded to explain it to me, and I did not really understand it at the time.
The price of Bitcoin in 2011 was $3.50. I asked him if he did not mind how much did he get his pay for Bitcoin and he said all of it for under $1. He was buying it around .10 cents, and putting $200 every paycheck. He even told me had about 25 to 30k Bitcoins when I asked.
So I looked into it at the time and everyone on Wall Street and a lot of main business sources all said stay away from it. It’s a fad and illegal money. It will be shut down, etc.. So I went back and told him I was not going to do it because it was “too expensive” at $3.50. I did not even mention the other stuff.
Fast forward to 2013. One day out of the blue I see him get up and leave. He came by to see good bye (we were friends at work) and said I am out of here. Thinking he got laid off I said oh I am sorry, and he replied I am not. Then I said oh you got another job? He replied no I am done. I said what do you mean you are done? He said I am done working. I’m out. Now he was a young guy around 30 something married. So I asked are you sure you have enough to survive? He chuckled and said oh yeah I will be alright. Then he said to me remember I told you about Bitcoin, and I said yes? He said I did very well with it. Never saw or heard from him again.
If he still has it, then he is very wealthy today. What’s funny is I sort of dismissed it and did not even look back into it until about 2016 and 2017. It was late 2017 when I got fired up and been in it ever since. Initially from about April of 2018 until August I did not really do much, and then I went into a deep dive. Now it’s a hobby and I enjoy it.
Mark bitcoin
Your point is well made and indicates you grasp the concept of a Ponzi scheme ... only this one is being carried out with Monopoly money on a massive scale and with tenacious promotion.
But as long as the perception of value persists, this current flavor will continue ... but only until a different form of Monopoly money gains favor, and the players move to cash in early and the next generation of tokens becomes the "new" reality.