Yeah, about Brad's post...
I've said this before. Back in 2015-2016, my friends and colleagues laughed at me for "buying expensive air", when I bought my first coins. They called them "coupons" and "tokens". But fiat was not air/coupons/tokens to them... That's the degree of brainwashing in most people (so sad, but so true...). Funny thing is (was) that they kept saying this, even after the price rose from $200 to $1000+. Was, because after it climbed to $5000+, some (not many) started reluctantly asking me for more information about Bitcoin and how to invest in it. I just replied "Google it." And some did, but found it confusing and difficult to understand. Now they don't laugh, but just look at me with envy. I feel they want to ask me 1000 questions about it, but their ego doesn't let them. Some of them remind me of r0ach...
11 things I can say from past experience and intuition:
– 1. We're all early adopters. Even those buying now are early adopters. Some are just earlier than others.
– 2. This is just the beginning.
– 3. Bitcoin is now where the internet was, just after the BBS & 2400 bps V.42bis modem era.
– 4. To see where Bitcoin will be in 5-10 years' time, just see where the internet was 5-10 years after [3].
– 5. Hint for [4]: my current internet connection is 100,000,000 bps. Just replace bps with $.
– 6. It was foolish of me to disclose my BTC holdings to certain people.
– 7. Not going all-in in 2015 was, perhaps, the biggest mistake of my life (see [8]).
– 8. When it comes to Bitcoin, "invest what you can afford to lose" may not be the best advice for a newbie...
– 9. By the time Bitcoin is widely adopted, many, if not most, of the current Bitcoin small players will own almost zero coins (and will be well alive to regret it).
– 10. Most of the coins of [9] will end up in the hands of hundreds of Michael Saylors, with Michael Saylor being the best of the bunch.
– 11. We will still hang out here in WO when 1 satoshi = $0.01.
Some of the above may not make much sense, but that's the way I see things.
Just a note. I too 'regret' #6..but in hindsight it was worth so little in 2013 and I had so little that by the time I had some...well ..not big deal everyone can see how
much now..just google bitcointalk.org Searing and BTC Hodl is probably all it would take for me or any other 2013 or around there adopter.
I also like how, when the topic does come up, how some people remember ME blowing them off about Bitcoin questions....and I remember a lot of 'your an idiot' and
'taunting' thus making real conversations difficult for those who have not got any BTC even now.
I think a lot of HODL'ers, especially older, will crack around $20k a lot could sell 1/2 of hodl'ings from back in the day they mined for 1/2 million dollars or more. The wife
real life issues, health issues, older, I think a lot will 'crack' and sell at that point. Thus myself I'd be beyond shocked if we were 'steady' above $25k next year, until that
kinda thing 'shakes itself out' ...the closer society starts to take this as 'real $$$' the more likely REAL LIFE issues will cause some or a lot of HODL'ers to sell..espcieally
if they got into this at say $100 a BTC or some such. I hope I'm dead wrong, and it is more like a Rancher by Reno, NV saying 'screw it' keeping the Ranch. But I'll put
that out here on Bitcointalk on the hope I'm really, really, wrong..but how I'm calling it for future praise or mockery.
Other than that for a $5,131.80 usd KNC Jupiter BTC Miner fired up on Sept 18th, 2013..it is gonna be 'damn hard' to say I won't make a paper profit on Bitcoin..which
was not the case, back when I started.
ONE other point, I invited 'bids' for some plumbing in my Basement in 2013....re-do some lines, add another outside faucet. The Plumber asked what the Miner was...
I said Bitcoin Miner. He said, and I quote: Is that not used for 'drug runner' money, Bitcoin? I tried to explain to him, nope.
I never heard from the guy, he never returned various calls, nada! that is even till this day, I had to get
another plumber but waited 2 years to be safe. Also in 2013 my 'banker' sic'd the SEC on me due to Bitcoin being 'evil' and drug money and all. With a speaker phone
on with SEC guy, when I brought reciept of BTC purchase and their error of I spent $99,999.99 (i mean really, you can't catch such a bank error?) The banker THEN
tried to jack me up with the SEC guy on the phone and say I obviously did not do my taxes on Bitcoin. I antipated the asshole and slapped my completed 2013 by CPA
(revised for the new Bitcoin rules) down and called him an asshole.
The SEC guy through speaker phone was like 'why am I here? Anyway, some of you have heard this story, but
this illlustrates how far Bitcoin has come since 2013! I mean from mockery to PayPal at least taking steps to involve Bitcoin and Crypto...a far cry from my $150 day
one BTC I mined ..compared to the price now of $13,537.31 today.
https://coinmarketcap.com/Now if Craig Wight would just go away with ONE POST from the 'real' Satoshi using a Satoshi Legacy Wallet sig/key and saying 'Craig Wright' is not Satoshi.
I'd be a happy man, even in 2020, but that and the Bitcoin Price would pretty much wipe out my pandemic issues.
end of rant
Brad
Poll
