Like at some point you have to sell right. What's the point of having so much if you can't even use it? Oh nvm billionaires exist

  • MaoistLandlord [he/him]
    ·
    edit-2
    2 years ago

    Most people who held from like 2010 likely forgot their keys because they thought it was a funny way to buy Pizza Hut

    New investors see crypto as just that, an investment. Only drug dealers and hackers see it as a viable currency. There may be edge cases where something useful is done with it like in North Korea, but otherwise it’s just that.

    • TerminalEncounter [she/her]
      ·
      2 years ago

      I did bitcoin when they were doing faucets (literally just giving it away) and giving bitcoins for watching youtube videos and shit in 2010. I have a half bitcoin wallet somewhere, no idea what the password is or the address. Whatever.

    • zifnab25 [he/him, any]
      ·
      2 years ago

      Most people who held from like 2010

      Got bankrupted in the Mt.Gox collapse of '14, the Bitstamp collapse of '15, the Cryptsy crash of '16, the NiceHash hack of '17, or the FTX collapse of '22.

      I suppose you might have coins dating back as far as '10 in a cold wallet, but good luck getting them out without getting pilfered along the way.

      Only drug dealers and hackers see it as a viable currency.

      Hey now, don't forget embezzlers and child pornographers.

      • StellarTabi [none/use name]
        ·
        2 years ago

        if you bought bigly in 2010 but heavily diversified your cryptos uniformly all the way through the last decade you could have lost 90% in random rug collapses and still be a BTC millionaire

        otherwise, you probably "diversified" everything into one rugllapse or forgot your keys lol

        • zifnab25 [he/him, any]
          ·
          2 years ago

          if you bought bigly in 2010 but heavily diversified your cryptos uniformly all the way through the last decade you could have lost 90% in random rug collapses and still be a BTC millionaire

          Or you could have spun up your own cryptocurrency from whole cloth, then began trading it through an "analytics" sister-firm run by one of your fuck-buddies out in the Caymans, and you'd be a billionaire 32 times over. Until... well... you know...the thing.

          History demonstrates that there were a number of ways to play Crypto and win big. But there were far more ways to play it and lose everything.

        • StellarTabi [none/use name]
          ·
          2 years ago

          if I didn't hate literally everyone too much to ever start a conversation, I think doing a "where are they now" with all of my crypto-endorsing ex's would be interesting.