Topic: Depressed that I was not an early adopter - page 7. (Read 13299 times)

what country are you from ? you can become a country representative with the CryptoCurrencyCentral Bank a Global

institution with its Headquaters currently located in Australia governed by the Crypto Currency Constitution and the

only institution with the right to regulate or designate regulatory powers over Crypto Currencies,

as they say no time like the present

How about being an early adopter, and selling your stash for 5$ per coin?

That is what I did. I mined 1 BTC per day, was bored with it, girlfriend was complaining about the heat of the GPU's
And sold it all.

That's even worse.

Think to yourself. If you got "in" at $5 would you have really helt it during $25? $100? Small chance.

Hey just feel better because you came in when bitcoin was $100. Rejoice it's racing to a thousand now.  

the thought of not being under the boot of the government is a sweet win. and i want to work and build stuff/solve problems no matter how much wealth i acquire, so early adopter or late adopter it's all the same to me.

The new opportunity is in businesses that deal with bitcoins. The right ones will see just as much appreciation as bitcoin did. Bitcoin will enable a new economy and you're in at a very early stage.

Agreed with all of the above. My prediction is you will either strike it rich, getting a sick ROI over the next years, or it will bust and leave you with money. I suggest buying what you can now with the money you can miss, so don't go to the bank for it. Than let it sit for 5 years, forget about it and conclude that you are rich or your little investment is gone. Don't forget that even people that thought they got rich when selling at $250 -making tons of money- might feel bad now.

Do you feel depressed everytime you buy a lottery ticket and don't win the jackpot? I'm sure peeps who didn't buy shares early in Microsoft are pretty bummed now.

Buy BTC now and you could still be a big winner and an 'early adopter' in the grand scheme of things, or invest in some of the other cryptos and you could win big, or lose, just like you could've and can do with BTC, that's the gamble.

Don't worry. 99% of people are only counting paper profits.

"Early Adopter" is relative. In 2009, bitcoins were less than a penny, and you can mine a couple thousand a day with only a CPU (not even a video card). People that entered in 2011 felt like they missed the train when BTC was at ~$5, and you needed to use the hashing power of multiple video cards to mine. Now, people that just jumped in felt like they missed the train if they buy in at $800/BTC or required to use ASICs mine, but in the future it could shoot up to $6000/BTC. Then those people will feel like the missed the opportunity to buy when it was still $800. This wishful thinking won't do anything.

It is actually safer now to buy some altcoins than it was to buy bitcoin back in 2011. Crypto currencies have shown us all their great potential, and there are still opportunities, some cryptos are better than bitcoin but are hugely undervalued. Once bitcoin goes mainstream (2014 should be the year), and it will be considered politically correct for big hedge funds to invest in it, they will research cryptos in general and pick up cheap undervalued cryptos, some of which actually have better features than bitcoin. Try to be ahead of these hedge funds, you're more flexible than they are, do your research and pick your bets. Bitcoin is like Ford motor company, which paved the way, but there are quite a few other automobile companies, many surpassing the pioneers in their products and scale of operations.

I don't know how I would feel if I had discovered bitcoin back when it was just a few cents, bought some and spent all of it on a pizza. THAT would feel very bad, so we're actually lucky not to have come across bitcoin back then, because now that it's been around, we are more aware of its true potential and value, unlike those early adopters, who were playing with it and blew away huge amounts just for fun.

I never mined.  High end graphics cards were the way when I got involved.  I could see that mining would be mostly losing battle unless the price exploded, and if that happened then sitting on BTC was going to work well.  Much less effort and much less accumulation of obsolete gear.

My only regret is that I did not find out about and speculate a bit on ASICMINER shares.  Sounds like people who did that really cleaned house.  For a while at least.  I was always dubious that ASIC's were actually real until ~friedcat pulled one out of his hat and demonstrated it conclusively.

---

To the "use" not "hoard" guy I'll say this:  I've always felt that "using" bitcoin in the way that most people dream of would kill it.  Won't scale.  Hoarding it might turn it into a 'reserve currency' of sorts where it could retain it's distributed peer-2-peer nature and the strength that is derived from being so.  The value (both in monetary terms and in terms of solving a needed problem for society) would still be huge even without everyone buying Skittles with it.

The only time I spent actual money to 'help' Bitcoin as a system was at the end of 2011 when I felt I was doing the system a service by trying to mop up excess liquidity in Bitcoin's dark days.  That worked out very very well for me.

How do you think that guy who bought a box of pizza with his 10,000 bitcoins feels like now?

Probably commited suicide.

that's cool then.. you aren't overcome by greed and "what could have happened" like most people. hanging onto the past sucks.

I'm more concerned about the technology than the money. I think Bitcoin is a really cool idea, which is why I use it (Note: "use" not "hoard") I bought and earned hundreds of BTC when they were around 80 cents USD.

If I held on to those, I could be doing very well right now. But I have no regrets. I did a tiny part in helping BTC become what it is by supporting people who accepted BTC, and giving them out to friends to spread the word. That's good enough for me, and it's not too late for that.

it's not good to buy bitcoin when a speculative bubble is about to burst.

mining bitcoin is only good when it's profitable, and it doesn't seem to be that way right now.

You are an early adopter.

General consensus says I should have bought more bitcoin at x price.  I keep telling people its always a good time to buy bitcoin.  Its always a good time to mine bitcoin.  Do it now and look back in a year or two.  So short story short is have some btc.

Get over it

You are still very early in the larger scheme of things....

You have a second chance if you pick the right alt coins.

They are already seeing greater daily price increases than Bitcoin.

www.coinmarketcap.com

i'm not the smartest guy in the world, and i often feel like i missed a huge opportunity to live the rest of my life without having to worry about money..

but there's nothing i can do, short of maybe travelling to the past in a time machine. all i can do is learn from my mistake of not pursuing a good opportunity when i see one.

stop lamenting on what could have been and start putting your mind on what can be.