CYBERTRUCK :soypoint-1: :soypoint-2: Definitely a thing that exists
Almost like a deflationary currency incentivizes hoarding.
CYBERTRUCK :soypoint-1: :soypoint-2: Definitely a thing that exists
Almost like a deflationary currency incentivizes hoarding.
If you mined those coins you would have made a bunch of money, become a bitcoin true believer and convinced yourself that you are a genius. It would not have ended at cashing in those few bitcoins you would still to this day be pumping your income into it chasing that initial high with and your faith in bitcoin calcifying as unshakeable. The money you would have lost during the bitcoin crashes would have vastly exceeded the money you made in 2008 but you wouldn't be able to see that, you would just keep hodling and throwing your paychecks in expecting bitcoin to take over the world once the new kekapes drop.
Eh, I've gotten lucky before and it hasn't completely gone to my head.
Its certainly possible. But given crypto peaked at the tail end of last year, and its still stubbornly above the last peaks in 2019 and 2017, I'm not even sure where I'd have found enough money to invest to suffer that kind of reversal.