All that being said, I am even worse off: I didn’t buy Bitcoin at $0.06. (And I didn’t CPU-mine back in 2009, damn it.)
Neither did most of the folks reading this.
In hindsight, Schoen made a stupid sale. But he made a smart buy. Did you?
Food for thought.
Well, I think I did. The difference between him and most of us, is that we knew what we were doing (or at least believed in it), while he didn't. If he did, he wouldn't have sold so early, and for such an insignificant total amount. In the end, it's not the relative gain that matters, but the absolute final value of one's wealth. It's much better to invest $50,000 and end up with $1M (20x), than to invest $1 and end up with $1000 (1000x).
Actually, that is quite true, AlcoHODL... i have seen quite a few examples of peeps who fail/refuse to take any kind of meaningful stake in bitcoin, but they may have had experienced some actual BTC price moves that cause their BTC investment to have significant percentage profits and even profits that are much better than some people (like yours truly) who had been buying and buying and buying, and ending up causing myself much higher prices than if I had attempted to lump sum into BTC. .and also buy starting to buy when I first heard about bitcoin rather that waiting for a dip that from my perspective may or may not happen (but ended up happening).
Having said that, I also regret not buying Bitcoin at $0.06, and not mining it in the early days. I guess I did not know about it enough at that time, to realise its potential. Funny thing is, I hated the word "Bitcoin" when I first heard it, but now I find it one of the most beautiful-sounding words in any language!
I have not experienced any of those kinds of regrets or lovenings... but that's just me, and perhaps a lack of programming in that direction.
Would someone who is sufficiently retarded to use Twitter please go necro-bump this thread, or however it works there?
It seems that this thread hasn’t gotten any love since the start of the bear market in January of 2018.
N.b. that if he had held, he would have reached 1,000,000x gains at $60,000. (100,000,000% ROI at $60,000.06.) But the bubble has burst, and now he would be down to about 909,000x gains. Bitcoin is dead, etc., etc.
https://twitter.com/GregSchoen/status/70261648811761665 https://twitter.com/GregSchoen/status/1036345830599479296?s=20Who would've thunk that the guy converted into a shitcoiner.
There is some kind of "natural" progression into shitcoinery when selling too much BTC too early and not committing to get back into bitcoin within a relatively soon period of time (and/or admitting that you fucked up)... so yeah, those kind of nocoiner shitcoiners become smarter than everyone else and buy crap.. out of hope/prayer that they are going to beat bitcoin returns.. .. dumb fucks.
before that tell me if Pi is he or she?
If there were ever a time to use "they", maybe this would be it?