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jghn 3 days ago

A friend told me about bitcoin in early 2010, back when the coins were effectively free. I laughed at the idea and called it stupid.

I still think it's stupid, but I'd be a whole lot richer if I went along with it at the time!

irusensei 3 days ago | parent | next [-]

IMO the only way you'd be rich with bitcoin would be if you forget about your coins and reminded of it years later or if you were a hardcore "fix the money fix the world hodl" believer.

Otherwise you would most likely have sold during one of huge crashes or values, attempted trade and lost it all, invested into the new shitcoin NFT or whatever or just got hacked along the way.

jghn 3 days ago | parent [-]

indeed. even if I didn't lose them along the way or have them stolen via hack, I would have cashed out back when they were outlandishly priced at $100. I never would have held on to them this long.

But even $100 would have been nice given you could still pop them out for free on a standard PC back then with mining software.

benhurmarcel 3 days ago | parent | prev | next [-]

You would probably have sold early for a relatively small amount too.

I bought 10ish BTC at some point for almost nothing, sold them for a low 4-digit amount thinking they were stupid anyway. I still think they were stupid but it turns out they could have paid off my house easily. Oh well.

Cthulhu_ 3 days ago | parent [-]

Question is whether you sold all or just a segment. If you bought 100 btc early on, sold 99 of them, you'd still have something worth a deposit for a house or a car now, which is still life-changing.

tartoran 3 days ago | parent [-]

Or bought btc early on and forgot about it. Then haphazardly attenpting to find it on some old HD when the price skyrocketed.. There was a guy who combed through a trash landfill to recover a HD that presumably had dozens of millions in BTC

irishcoffee 3 days ago | parent | prev | next [-]

I distinctly remember staring at my check/bank/debit card laying on the desk in front of my keyboard, all the info punched in to buy $500 of bitcoin for something like $0.29 a coin.

Didn't pull the trigger. I just tell myself I'd have sold them when they doubled in price or they'd have been hacked in one of the mt. gox attacks and I'd have lost them anyways.

Today it would be about 120m. Oh well.

jghn 3 days ago | parent | next [-]

Same. there's no chance I'd have the riches associated with those coins. Or at least that's how I manage to sleep at night.

There was a local food delivery service at the time that accepted bitcoin. Can you imagine looking back on life and realizing you spent the equivalent of $1M on a burrito?

cheevly 3 days ago | parent | next [-]

My roommates and I literally bought a pizza with our stash of bitcoins. So yes, we fully understand how this feels.

lostmsu 2 days ago | parent | prev [-]

> Or at least that's how I manage to sleep at night.

Admirable self-reflection.

3 days ago | parent | prev [-]
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wolframhempel 3 days ago | parent | prev [-]

To be fair, I remember being about ten years old and berating my friend who just told me that he had something called "Rebel Assault" on a CD how this was completely impossible as CDs could only store music and how he was a complete idiot for believing otherwise... :-)