Topic: Don't be the Ronald Wayne of Bitcoin (Read 1703 times)

Err, if MySpace was built on HTTP/HTML and Facebook was built on something else, then you'd have a point.

If you instead were to say Facebook is to MySpace as Coinbase is to Bitpay, then maaaybe history would prove you right.

But what are the odds of "the next Facebook", or whatever, being built on something other than the web, at this point?

So slim as to be none.

And why?

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Consider the following statement:

Facebook is to MySpace as X is to Bitcoin.

X doesn't exist.

Don't believe me? Well, try the contenders on for size then.

Were you thinking of Litecoin, or something? Let's try:

"Facebook is to MySpace as Litecoin is to Bitcoin." lol, nope.

Ethereum? Nope. Ripple? Nope. Dogecoin? Hah.

Ultimate future Bitcoin 2.0 project? Not likely.

Just because "X" doesn't exist doesn't mean "X" can't exist.

Maybe a Bitcoin killing X will be invented tomorrow? (Or so the thinking goes.)

Bitcoin is a revolutionary breakthrough in computer science and economics,
so another revolutionary breakthrough must be just around the corner, right?

Hmm. And maybe we'll stop using the web tomorrow, and start over?

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Now consider this statement:

Facebook is to MySpace as Bitcoin is to X.

Here, X does exist.

X can be any particular industy leader in: Global Remittances, Online Payments, Online Gambling in any one of dozens of billion dollar industries.

And "Bitcoin" will often be represented by some solution delivered by some company,
 
like Joystream or Streamium or Coinbase or Seals 2.0 or...

any one of the hundreds of Bitcoin startups who have the potential to shake up some global market.

(But have yet to actually do so.)

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Bitcoin will eat the world, it just won't happen over night.

Everyone here has understood what OP meant, spare the occasional retard known for his fudsters post that got the history backwards.
Only the 1% of people that bought cheap ass Apple stocks are still holding them becoming billionaires.
Tons of other stocks have never gone down in time. All of the best Warren Buffet picks he bought decades ago and still hasn't sold (too bad he lacks the long term vision for bitcoin or anything technological).
Not buying BTC now and holding for 2 decades is a guaranteed future suicide due too much regret, specially being an active member here.



Nope. Sure, you'll not become a billonaire unless you bought at the super early stages, but anyone can become a millionaire one buys now. The interim marketcap for BTC in the future is in the trillions, as it will change all electronic payments combined. This makes anyone holding 10 coins-ish inevitably a millionaire.

The comparison would be valid for those who bought BTC below 1$ and sold for ~10$. Try another comparison:

For every Ronald Wayne, there are thousands of people who held onto stocks that have gone bust. You all should take note that you are running a much higher chance of holding onto worthless coins than bitcoin going to the moon.

I didn't know about this guy, thanks for that!

It's always a fear i have, missing the boat, but I also can't invest too much in something as risky as Bitcoin, and if the price rises I will be very tempted to sell, especially at $1000+.

I had a similar but lesser problem with Quark last year, just before it was announced that Bill Still would go on the Kaiser report I sold (actually was trading).  I woke up the next day and the price had more than tripled.  Cost me thousands, I could have cried, but I didn't know what I didn't know!  I could have bought back in, but then I would have lost again, as the was the all time high price!  Life isn't easy!

Isn't the much more important question "how much did he invest to get 10% of the Apple stock?"

If he bought his 10% shares for 100$, then it's a really nice RoI. Compare it with the altcoin market in the cryptocurrency world. At that time, Apple was just a very tiny company.

all things are changing with time, perhaps 20 years later, Apple's market value is back to only -$60, and people would say Ronald Wayne did well in 1976

I really wouldnt know, cause bruce wayne problem is rich peoples problem.

If I had 4,000 btc and didnt have a time machine Id make the same mistake as that ronald guy.

yeah, which is why most of us would probably sell our bitcoin before the 1k value.

or even before it hit 30k value or whatever future value.

Good point. That guy missed on like 30.000% profit gains... totally insane. But who would have hold for 20+ years? It's so damn difficult. Im going to try to leave a decent amount of BTC in cold storage and never touch them, and only touch the BTC i leave outside there, and see what happens in the mega long term.

My biggest regret is selling my stock in Apple and buying apples.
I thought it was hilarious at the time, but everyone has an iPhone now.

well yeah, I mean its more the now factor for me as well and most.

usually though for me its more of paying an extra phone bill and I`m short on cash.

Bitcoin already has a dark knight, and his name is Bruce Wa.......gner



 

the problem for most people is patience. once they see they made 10-20% profit, they would probably take profits at that moment. only very few people are able to hold their coins for longer than a year.

I think we`ll all be bruce wayne of bitcoin and end up with a batman cave and more if we hold it like some apple stock.

In the mean time, l`d just recommend storing it and forgetting about it until one day you hear about it on cnn or something promoting with amazon saying we`ll adopt the coin lol.

that make me remember about CRAVE
i buy 2btc at rate 30ksatosi after i sell my CRAVE at 50k satosi price up to 500k satosi 

that my sad story 

less if banks steal money from people (like cyprus and 6%-10% cut on bank account).

Can I be the Bruce Wayne of bitcoin?

Yeah but he didnt have a clue that apple would be world provider of smart phones though.

I mean its safe to say anyone could of made the same mistake, and its like years and years ago lol. Which means bitcoin will be years and years ago as well?

10 years+?