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I do enjoy the boomer brains breaking over how bullshit the economy actually is. all that stuff about how stocks are traded based on economic fundamentals and material reality? bedtime stories. libs in the future won't be able to pretend that we couldn't change it at will
On the plus side, you would probably have sold it all already. There'd be no real reason not to, at the time
I also bought a prebuilt with a 2070 Super and it works perfectly. Previous GPU was a laptop 1050. Night and day.
Going from laptop with 2 core i5-2410M, 4gb ram and Radeon 6770M to one with 6 core i7-9750H, 32 gb ram and RTX 2060 felt so amazing... Cooling on laptops has improved so much from 2011. Also not having to deal with constant problems with intel + Radeon switchable graphics, i will never forget leshcatlabs for doing gods work with custom drivers
my dad wouldn’t let me pay him $100 to buy Bitcoin for me
Given the number of scams and outright thefts that took place back in the early days of the currency, I don't blame him.
Google "Mt.Gox", the premier bitcoin trading hub of the early '10s. They literally folded up and ran off with their coin bank overnight. Like, 60% of the market was run against a fly-by-night operation that existed to poach investment.
That is one you trust to not just keep it and tell you they couldn't crack it
I think though, for most cases of theft there is little recourse right?
Oh yeah generally there's no legal/possible recourse. That's why you make sure the hacker you ask to hack it is within heavy wrench range.
Did you pick the password yourself or did you generate it somehow? If it was just one you picked, it'd probably be possible to crack it, unless you went with something super long and secure
I wish it would crash so a bunch of capitalists would get depression (and maybe jump off a building)
Apparently India may possibly ban all cryptocurrencies
https://www.reuters.com/article/us-india-cryptocurrency-ban/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-idUSKBN2B60R0
It's not something you can ban per-say. It's literally just trading hash-codes.
The real scary shit is the mining. And while it's certainly possible to address that, what you're really going to end up doing is policing electricity consumption. There are way better ways to do that than announcing "Digital Commodities Are Illegal". But no way a neoliberal will be able to tell you about.
If I’d saved the amount of bitcoins I spent on Xanax in 2013-2014 I would never have to work a day in my life.
I just don’t think about it
You know how on all hallows eve the veil thins and you can see through to the other side?
Bitcoin is like that. If you stare at it and kinda cross your eyes just right you can see through the bars of the hard iron cage of capitlaism.
If it's any consolation, I hear bitcoin is basically impossible to cash out unless you want to trade with sketchy dudes in Starbucks parking lots for plastic bags full of Amazon gift cards.
I imagine the difficulties of cashing it out only grow as the amount increases, too.
Look, it is super easy to look back and think 'oh if only I had bought xyz it'd be worth billions by now' and while yeah, that is true, you made the smartest decision at the time with the info you had.
For my generation it was 'why didn't I buy shares in Google/apple?' And the answer is that at the time there really was nothing in particular to indicate they'd do as well as they did. Same applies here, sure you could have bought a grand's worth of bitcoin and be sitting on billions now, or you might have bought some other, short lived cryptocurrency that flopped. Hell, maybe in a paralell universe you bought bitcoin but for some reason over there everyone thought 'no wait, this is fucking stupid' way earlier or something else happened to crash it and that grand you spent on bitcoin is something parallel you kicks themselves about every time you remember it.
Seriously, it's like regretting that you didn't put your life savings on 00 at roulette that one time it came up.
For my generation it was ‘why didn’t I buy shares in Google/apple?’ And the answer is that at the time there really was nothing in particular to indicate they’d do as well as they did.
Apple, in particular, was climbing out of a hole it had dug for itself in the 1980s. There's no particular reason to believe it should be valued higher than Microsoft, a company that's got a functional monopoly on computer OS into perpetuity.
Google's position as Ad Titan was entrenched half a decade ago, but it only really showed up in the stock price after the pandemic struck (and even then, the stock's swung from $1.5k/share to $1k/share to $2k/share in less than a year - hardly the basis for long-term faith in the company).
And even setting aside "Coulda/Shoulda/Woulda", it's worth noting how your benefit in playing the markets was predicated on your accrued savings to date. Back when Las Vegas crashed, during the '08 Great Recession, I felt very clever when I realized Las Vegas Sands was trading all the way down at $2/share off it's $50 peak, and that this was comically undervalued. I bought up a thousand dollars worth of shares. And when the price bounced back up to $10/share, I sold it confident that I'd made an incredibly savvy choice. But turning $1000 into $5000 over six months didn't bring me anywhere nearer to the kind of perpetual income security enjoyed by... say... Sheldon Adelson or Steven Wynn.
Without access to the Infinite Money Spigot of Wall Street Finance, all my genius netted me was a position a few steps farther away from abject poverty than when I started. I was never going to net enough to retire early on given the amount of money I was willing to risk. And that's assuming every investment was as good as LVS. I've lost a fair chunk betting the wrong way, too.
Also, plus, too. For everyone who tells you "Bitcoin was a good investment", ask them what happened to Mt.Gox.
By all accounts it should. The "money" backing the rise isn't actually backed by USD and it's crippled and outdated compared to even the lamest scamcoin out there.
