BBC News - Bitcoin virtual currency reaches all-time high price
http://www.bbc.co.uk/news/technology-21601608
remember this?
http://www.bbc.co.uk/news/technology-21601608
remember this?
Clear as a bell.
It was a month and a half after I discovered Bitcoin and the price had already doubled as I gave myself a crash course in dual-key cryptography and Bitcoin history and realized it was not only NOT a scam but one of the biggest technological breakthroughs of our time.
I was drawn to the fact that it was decentralized, open-source, and peer-to-peer. I realized it could be to wealth what the internet was to information, a money superhighway so to speak.
I'd actually made the decision to buy and mine Bitcoin in mid-February but had wasted time transferring money to Paypal (no credit cards) to buy coins, foolishly not realizing that Paypal would have nothing to do with anything Bitcoin.
Then I realized that Butterfly Labs accepted Paypal so I spent my money on ASICs instead. That was about the time this article was written. I was promised delivery by May. LOL Who knows how many coins my miner had already mined by the time I received it in October.
By the time I had figured out how to actually buy coins anonymously, the price had doubled again up to $68 (USD and CAD were at par in those days).
My miner ended up mining me around 5BTC before becoming obsolete shortly after receiving it. If I'd bought bitcoins instead as originally intended, I would have gotten over 20 coins for my $650.
Oh well. Live and learn. At least it wasn't as expensive a lesson as MtGox teaching me to never use an exchange or otherwise expose coins to the internet.
Ahh. Those were the days. So much excitement and anticipation. Now I just sit back and watch the price like some kind of abstract sports score, buying or receiving revenues in Bitcoin whenever possible and selling only when necessary.
Living happily ever after is fun and stress-free. Thank you Bitcoin.