Just wanted to post a sort of journal entry to myself here while this thread is still in the double digits of pages. Its truly an epic thread
(Sorry if this sounds gay or whatever to you other readers, just move on if so. This is just a selfish "to me" post. You'll probably flame away though, and thats fine too. I understand the opportunity to)
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Alright Me, you're feeling a a bunch of pain right now dude. In pretty heavy, for you at least, at $560. Maybe you got caught up in the hype a bit, maybe the market is just over correcting now. Who knows. So many noises flowing through the news and forums right now. You thought you kept it as cool as possible while buying, though you knew this would be volatile going in. At least you only bought during dips, though there have been more and dips than you thought there would be. Maybe you should've considered early folks spending more of their winnings, driving the price down further.
Whatever. You've committed to riding this thing out. You've taking up learning to program because you wanted to be a part of this; You're still not good yet, but you'll get there. That whitepaper, that moment you understood bitcoin - its potential. Remember it set you back in your seat for days. The most disruptive technology you could imagine, other than warp drive, because warp drive would allow you to send value interstellar distances without delay, or so you tell yourself.
You sent one dollar in BTC to your brother today. He's across the country. It took three seconds. Sure, the time for the network to confirm is ten minutes, but even that is still fast, and three seconds is enough for you to transact with your bro or family members anyway. You didn't need a bank account and he didn't need one, yet you sent value. Almost instantly. For basically free (you used MultiBit, so there was a petty fee attached). Thats just not possible right now any other way. FFS, it takes four days for the rent from your roommates to reach you, and one will only write checks because wiring money costs $10 each time.
So, heres the deal, when you look back at this in a month, year, whatever, maybe it all went to shit, maybe you lost all you put in, maybe you're rich, maybe you're right back where you started. But you acted. You acted and took the chance on something you felt was revolutionary. All data pointed to eventual success, and you took the jump, believing that if the protocol remains healthy and uninterrupted, the product would eventually flourish incredibly. Maybe you missed something, but as far as you can tell now, its too amazing of a technology - universal decentralized accounting of scarce, unique digital assets.
If nothing else, you learned a bunch about economics, technology, (elliptic curves, holy shit!), are taking up coding, figuring out ways to start up a business around Bitcoin, and generally bettered yourself. It was a ride no matter the outcome, and you made the decision to get involved.
Cheers, Me