Topic: An open letter to April 14th, 2018. (Read 1738 times)

hey future self. we made it! btw how does it feel to lose a few houses on dice sites? haha

The problem with you as an individual buying an ASIC is its not cost effective right now unless you can get onto the bleeding edge of a new generation (unlikely).  No matter where the bitcoin price is, there will always be bigger warriors who will dominate the hash rate.  Your money is far better used to just buy actual coins, especially at the current channel-low prices.  
  
When you factor in that your ASIC will slowly lose relevance against better machines the choice becomes even clearer.  
  
This point drove it home for me:  If every millionaire in the U.S. alone wanted to own a few bitcoins... just in case it took off... they couldn't.  They would each get about 2.2 coins if *every* coin were distributed among them.  
  
So don't bother with buying an ASIC, unless you already have a stash and have other motives besides pure profit-driven ones.  As well remember to think in bits... you don't need $230 to buy a bitcoin all at once.  Nothing is stopping you from setting up a Coinbase account and buying 20,000 bits a week.  
  
Good luck.

I'm going to hop in too.

How's it going, me? did you finally bought that certain ASIC that you wanted so much?
if by April 2018 bitcoin has raised to $2000 and you still haven't bought it, f*uck you and me. stop spending your money on worthless things ffs.

I'm bookmarking this post, don't you dare delete it, me.

some people will smash their head on the wall for not buying at todays price if they look up their post 1 year later. instead of thinking people should do something. that way they don't miss out.

This is exactly what is happening now. And will we repeating itself as long as bitcoin will be here. People will be always doubtful. You can see that they were skeptical  back in 2011-2012, optimistic in 2013 and now we are going back to being grumpy again. I it is nice that Op had initiative to write this kind of post to recall us that we are just in the middle of our road and future is ahead of us.

I always love looking back at the 2010-2011 era when I wasn't there, and check how people panicked and screamed DOOM when Bitcoin lost a couple dollars. Will love to look back at this thread in a couple of years.

Nice idea, I like it and support as well. Like all nice dreams I have.

Someone has got to put a plug on this leaking inter-dimensional portal (wherever it is). So many time travelers these days... xD. Something must be going on...

let's see

Yeah, after 2016 things will start to take shape and those that were coward boat jumpers will pay dearly. Bookmarked thread for future celebration and future mocking of all the FUDsters (that will for sure be dissapeared by then to not face the facts).

Things will really get interesting when the inflation settles to a more sensible level after future halvings. Ten years and beyond is when there might be some proper deflationary effects if it's still rolling.

Message to future self - look after that prostate. You're not getting any younger.

Lol.. I'm watching this thread. Good job OP!

I've been there thought all the terrible crashes that killed Bitcoin, this is no different, no need to have a time traveler to tell me Bitcoin is the be all end all of wealth transaction. Im balls deep in. See you in 2018, and by 2028 see you on the special "Didn't sell in 2015" private island resort gathering.

Camp 1: *wipes tear* It was a profound and awe inspiring moment when bitcoin went to the moon. It really changed everything.


Camp 2: FAKE!! HOAX!! BITCOIN DID NOT LAND ON THE MOON! IT WAS CGI AND GREEN SCREEN!

 


PS...why is the astronaut in the middle of crosshairs? That can't be good.

My favorite part. A+ circlejerk, would read author again. Also precious was this:

In a castle he hasn't bought yet.

You know, it's funny, because I opened this thread right after going for a walk with my Grandfather. I told him that I expect that in 3 years I expect to make a sizable amount from bitcoin, and that I think there is at least a 50% chance of success. Being in early-mid stage dementia, he asked "what year is it now? 2014?" I told him it's April 2015.

but you know, it's hard to give a time for these kinds of things. I expect that even if bitcoin's price goes way up in 3 years, and the amount of people accepting it as a legitimate currency increases significantly, there will still be great doubt whether this technology is scalable, whether it's secure, and whether it's just a ponzi. I don't think we can see such a significant shift in the mentality of the masses in just 3 years. Maybe 30.

I also wouldn't do this, since if I was able to become a multi-decamillionaire (screw millionaire, 1mil usd isn't even a lot these days, and bitcoin's going to the moon, right?) I'd totally want to remain as anonymous as possible. In fact, I'd probably keep it a secret even from my parents, for the first year or so. It'd be fun knowing that you're actually a decamillionaire and those around you didn't realize it, and it'd be an unique opportunity too. What other way can you make 10s of millions in secret without anyone knowing?

I booked my ticket to the Halloween party already.

In Bitcoin.

Where is this halloween party.  I may just join you.

ignore this guy, future me. He's hardly being useful either Future him and me, I hope you both did something useful by now.