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0 pointsandrewwharton8y ago0 comments

I've said it before and I'll say it again. We've been cruising past orders of magnitude ($0.10 > $1 > $10 > $100 > $1000 > $10000) and at any one of those jumps it seemed like the top of a bubble and just as likely to go in the opposite direction with the same velocity.

Don't kick yourself for spending when you did, because as I'm sure you're aware, it's just as likely that you could be now saying "Thank goodness I used those Bitcoins when they still worth something".

I bought a bunch at ~$1, then they jumped to $10 and it started to be fun, because I had a bunch more value to play with, then they jumped to $100, I thought screw this. This is not why I bought them and if they keep up this volatility, then they're not going to be useful for what I want to use them for (ie. buying/selling online).

I don't regret selling them when I did, and I don't think you should either.

0 comments

copperx8y ago

"I don't regret being a millionaire, and you shouldn't either."

andrewwhartonOP8y ago

You can't judge the quality of decisions you made in the past based on what you know now. Imagine going to a casino, putting $100 on red in the roulette wheel, black coming up and then thinking, "Man, I really regret putting it on red, I should have put it on black".

How is that in any way useful or going to improve future decisions? Bet on black, because you know, that's where the trend line is going?

Case in point: Do you short Bitcoin now or not? Who freaking knows...

chrisan8y ago

Its still the right attitude to have or else every hindsight choice is going to be regret, and we'll be talking trillionaires. No one can predict the future. It could have gone down to 0.10 instead of up to 1000. Should everyone buy in now and expect the value to go up to 20k?

endless12348y ago

Do you regret not buying every penny stock that went up in value, every roulette ball that landed on red you didn't bet on? From a get rich quick standpoint there is no difference.

Havoc8y ago

Well I certainly missed the bus on this one. But I also think it's too late to climb on now.

As I said I bought VPN with it when this stuff was in baby stages. Now at 10k USD valuation the real world usage hasn't grown all that much from there...certainly nothing like the price growth. So I'm staying really fkin far away from this.

People called it right & made a killing of it - more power to them. Realistically this can't going though without some monster sized improvement in the underlying non-speculative transaction volume.

Real world utility and pricing have to converge at some point. Right now they seem to be growing apart exponentially and all I can think of is RIP whoever is on the wrong side of that when it returns to reality.

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