manlymatt83
Lifer
- Oct 14, 2005
- 10,053
- 44
- 91
I just mathed my old bitcoin wallet to see how much btc I've ever made. At current rates, about 80k. I'm sad.
Hindsight is 20/20. The question is, would you have held this long, in any situation?
I just mathed my old bitcoin wallet to see how much btc I've ever made. At current rates, about 80k. I'm sad.
I just mathed my old bitcoin wallet to see how much btc I've ever made. At current rates, about 80k. I'm sad.
the weird thing is that 10 years ago, this was pumped as a stable currency used to buy daily goods
and now it has completely shifted to a gold-like store of value that nobody really uses to buy anything
Fair enough. The answer to that question now is "long enough to make it potentially life changing". When I sold it, it wasn't life changing. The same amount now wouldn't necessarily be life changing either, but I would be hard pressed to decide whether paying off a large portion of my debt is or isn't life changing at this point.Hindsight is 20/20. The question is, would you have held this long, in any situation?
the weird thing is that 10 years ago, this was pumped as a stable currency used to buy daily goods
i'm sad that my buddy from college tried to get me to buy "just 1000$ worth" when it first started. so like 50 or 100 BTC at the time.
he was a crazy conspiracy doomsday prepper guy so i didn't listen. and now which one of us is living a retired life of luxury in his 30s?
not me
then again, i probably would've sold out after doubling my money lol
I don't think it was ever pumped as stable. Maybe some said it would eventually be the most stable.
srs qstn.
Convert LTC, XDG to BTC, ETH or just keep sitting on it.
Soo... I decided to stop being a Bitcoin skeptic and HODL some of it.
Fair warning to the Bitcoin investors in the forum, you're probably screwed now
I just opened my first USDC DeFi loan through my Ledger to get a little bit familiar with the changing financial landscape and how it works. I'm not lending much as there may still bugs that cause a loss of funds. It's pretty much all in the alpha/beta testing stage.
The process was super easy, but the fees are outrageous on the Ethereum chain right now. That's obviously going to be addressed in 2.0, but it's going to take 3 months just to get my fee money back IF fixed. If variable, it could take longer if the rate drops. But as you can see the financial landscape in the future will be very interesting with everyone able to:
1. Be their own bank
2. Be able to freely lend and borrow without a bank
3. Be able to store liquid assets not directly tied to their identity (ID-theft safe, no key = not your coins)
And to think someone like Bill Gates said we could do without this amazing technology.
Soo... I decided to stop being a Bitcoin skeptic and HODL some of it.
Fair warning to the Bitcoin investors in the forum, you're probably screwed now
I hope you realize what you've done. You bought Bitcoin, so it crashed. And since Tesla bought Bitcoin, Tesla crashed. And since everyone bought Tesla, everything crashed.
You crashed all the financial markets.