I saw someone elsewhere make the argument that very few people managed to hold on to their bitcoins from the earliest days. All of the earliest exchanges (like Magic the Gathering Online Exchange) all either collapsed or turned out to be scams, so you'd basically need to be prescient enough to keep them on a hard drive for years and hope you don't lose it. Not many people would've even given bitcoins that much effort, since they weren't worth much.
Most also probably sold them when they were worth like $100 each.
I knew about it way back when too, but fuck having that on my brain for any amount of time. I never would have believed it got as big as it is today, and probably would have sold them for at like $7-800 at the 2014 peak and been done. I probably would have bought in at like $80-100, so it wouldn't have even been that much money.
If I somehow still had them when they were in the $30-60k range, I would be tortured by the fucking price graphs day in and day out, I really don't need that.
I have friends who made a few thousand dollars on it, but they all mined their own coins really early on bc they're tech nerds and thought it was a neat idea, then sold when it seemed like it was as high as it would get (it was not). But they all recognize that they got lucky compared to the countless people who bought in and lost, or worse went all in and got wiped out.
I saw someone elsewhere make the argument that very few people managed to hold on to their bitcoins from the earliest days. All of the earliest exchanges (like Magic the Gathering Online Exchange) all either collapsed or turned out to be scams, so you'd basically need to be prescient enough to keep them on a hard drive for years and hope you don't lose it. Not many people would've even given bitcoins that much effort, since they weren't worth much.
Most also probably sold them when they were worth like $100 each.
I knew about it way back when too, but fuck having that on my brain for any amount of time. I never would have believed it got as big as it is today, and probably would have sold them for at like $7-800 at the 2014 peak and been done. I probably would have bought in at like $80-100, so it wouldn't have even been that much money.
If I somehow still had them when they were in the $30-60k range, I would be tortured by the fucking price graphs day in and day out, I really don't need that.
I have friends who made a few thousand dollars on it, but they all mined their own coins really early on bc they're tech nerds and thought it was a neat idea, then sold when it seemed like it was as high as it would get (it was not). But they all recognize that they got lucky compared to the countless people who bought in and lost, or worse went all in and got wiped out.
Yeah, knowing what I was like during this period, I'd probably have used it all to buy drugs on silkroad.