it allowed me to retire early.
thank you bitcoin.
A man from 2011! Thank you Bitcoin indeed! Hahaha.
I'm curious, for you during 2011, did someone tell you that Bitcoin would surge to $10,000, and did you believe them? Or were you only HODLing because of community and camaraderie?
as a miner back then the only off ramp was mtgox and dwolla and coins were around $10 USD and i mined with gaming GPUs. it then fell to around $2 USD for a loooong time. i still mined though through that phase. so it was more a hobby and to be part of the Grand Experiment. where it would eventually go i had no idea but i felt it was a game changer.. but not to the extent it wound up to be.
as to someone saying it would go to 10K (and 20k) back then..well i would of laughed in their face.
but i liked the tech and making (back then) chump change with a gaming rig (later buying several cards, mostly ATI HD58xx and 68xx series cards) to subsidize my gaming rigs but i dindt fully understand it till much later. once i fully understood the white paper.. well it blew my mind as to its simplicity and vision. and here we are.
Did you keep most of the coins once you fully understood the white paper? Or was it still "very impossible" to believe that it would be worth more that $10,000 one day? Because I believe history is repeating itself.
no, even after more or less understanding the white paper and sound money i still sold most as it was (and still is) an experiment. although now its pretty well established. but back then, at anytime it could of gone to zero (and still could tbh). so i sold many at local highs over the years ($100, $350 etc). gave me some good upgrades to my lifestyle.
but when the 2017 bull run happened while i sold too, now i keep as much of a reserve as possible. i never expected that kind of rise. once it happened.. well now its a different story.
so, maybe 80-90% of my mined coins are gone. keep in mind though the whole reason i got into it was to make some profit from my hobby and participate in the Grand Experiment and that was the deal i made with my wife (and myself).. to actually USE bitcoin as at that time the use case was very up in the air. if no one spent early btc, it could of failed.
so, no real regrets. i feel that helped make bitcoin what it is today (in my extremely small way).