m2017 (OP)
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May 08, 2022, 07:39:16 PM |
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"Ha ha ha" (2011)"
Now I already had a real motivation to follow the news about the bitcoin rate in order to prove, first of all to myself, that I was right, and this was nothing more than a lottery. I was still sure that I had not made any serious mistakes in life, and even more so in financial planning, as a simple particular, which, as it seemed to me, any high school graduate should be well versed.
And whoever seeks will find. By the end of the year, the rate fell to $2 per coin, 15(!) times.
Ha ha ha. Naive! I suppose they all bathed in champagne there, and now they are ruined! Ha ha ha. Yes, I'm probably a bad person.
What I thought: ha ha ha!
What I started to say: Bitcoin is like a lottery, for the completely naive and desperate.
What actually happened: Correction, although I did not know such a word before.
"..." (2011-2012)
Now all this is absolutely not interesting to me again, for a long time. Yes, I occasionally met with regular notes about the bitcoin rate, but now it didn’t bother me so much. Somehow, out of boredom and curiosity, I figured out roughly how exchanges work, what volatility is, what a correction is, well, or I thought I figured it out. Because there was no practical motivation to do something about it. But, nevertheless, I looked through the bitcoin whitepaper, and although I didn’t understand everything, some technical points became clearer. Well, technology and technology, what's in it; I had a good understanding of the DBMS, and in the context of this description of the blockchain seemed unimpressive. Of course, the merkle tree is a cool “hack”, as I saw it then, but the rest was not impressive. No, you don't have to think at all that I did just that. Once a month or two, when I got on Wikipedia and "accidentally clicked the wrong link."
What I said: Yes, the same as before. Sometimes, of course, something about technology came up in a conversation with geeks, and it was interesting in places, without prejudice.
What actually happened: Well, I guess I grew up a little. I can't even compose a title for this period.
"Are you mining?" (early 2013)
Once a friend asked me if I mine. I joked that “adults don’t ask about such things, but, in any case, no more than twice a day.” I don’t know what exactly he wanted to know, but I thought, why not? Now I already understood something in these technologies, something in my past omissions. Then it happens “by itself”: Ok, let’s download the client, ok, now we synchronize the blockchain, yeah, now we’ll register on the exchange, it’s ready, now, ... wait, what pool? That is, the complexity has grown so much? That is, not every video card is already suitable?
No, okay, okay, I will not repeat the mistakes of the past, here is the profit calculator, here is the hardware store, and in the end, I still wanted to play the new Dead Space. So, yes, the pool, yeah, the video card, yeah, the miner, yeah, it doesn’t start, ahhh, it started, okay.
Now I mine too!
True, interest dropped noticeably when I saw the electricity bill. Wait, people have to pay for this? Well, yes, clearly. I had to subtract expenses from profits, and some significant constant from the feeling that “I did a good job.” How much profit there, $20 a month?
What I thought: Yes, my salary is 100 times more. Well, why is it all then?
What I said: Mining is not profitable. Well, that is, once it was profitable, but now that's it, too late.
What actually happened: other interests in life. It happens to everyone. You can look at this from different points of view, and from the point of view of psychology, I solved an unsolved problem for myself - I figured it out. He won, he calmed down.
Ignorance gives strength only when you don’t even know what exactly you don’t know, and when you already know, you need to do something about it.
“Whaaaat?!” (late 2013)
Not even a year has passed, and the rate jumped up 10 times, now stepping over a significant psychological level of $ 1,000. “If I continued to mine, then I would already have… money,” was my first thought. Lost profit again, but this time it was not just next to me, but I would have had it, in front of my nose, in my pocket, if I had not done anything. Why did I uninstalled the software, stop mining, what really bothered me? Can inaction (or indecision) also be a good strategy? Yeah, that's bullshit, I can't believe it.
What I thought: @#$%^&*!
What I said: @#$%^&* it all @#$%^&*, yeah!
What actually happened: it was necessary to rest more, work less, let the little head ventilate. Real economic processes are devilishly complex, and a couple of sluggish convolutions of the brain cannot cover them. It's not like buying bread in the store. And inaction can actually be a good strategy. And in today's social and fast world, few people can teach you this.
"I'll somehow manage without these yours bitcoins" (2014)
After all, it seems to be a feature of a reasonable person - not to get involved with something that does not bring pleasure, and moreover, brings chaos and disappointment. The world in many aspects is complicated, not ideal, unpleasant, but in fact no one forces us to go there.
This is what I said to myself, then said more than once, and finally really began to think so.
What I said: firstly, nothing about cryptocurrencies. See the article? Scrolled through. Do you see a comment on a topic? Scrolled through. Start talking about it around you? Be quiet!
What actually happened: the exchange rate fluctuated, falling to hundreds of dollars and rising to thousands. Does it count as something important? I don't know anymore.
"Or can't I get past?" (late 2014)
At that time, the economic crisis, as it is called, hit Russia. The dollar was growing in relation to the ruble by a few percent a day, my not very good financial condition was deteriorating before my eyes. Well, I mean, that wasn't the only problem. But something else you can try to change yourself, but something else is not. At this point, I began to seriously consider the possibility of buying cryptocurrency. Well, that is, how seriously. Seriously - this is a word in which they usually make a more serious face, and force themselves to first create a panic, somewhere deep inside, and then suppress it. During this time I have not learned anything new either about cryptocurrencies, or about the banking system, or about money in general. And I remembered that I did not want to create unnecessary psychological problems for myself by reconnecting with what had so disappointed me before. And I still did not believe that I was in some sense obliged to learn a lot of different things for future use in order to improve my standard of living.
So, after sitting with a serious face for a couple of days, my choice fell not on cryptocurrencies at all, but on real estate. Another would say, it's incredibly stupid to buy an apartment in a crisis, but this is also because he probably did not study the issue too well. I knew that there would be options that sell quickly and cheaply, simply because people urgently need money in order to change something in their lives in a changing environment, and such options were found, despite the fact that the average rates per sq.m. were downright bad.
I jumped off the topic for a reason, although this does not apply directly to the cryptocurrency, but this experience taught me a lot. It was terrible. Firstly, junk options were offered from private traders (of course), with most of which the banks did not cooperate. Let's forget about how many of these options were simply unreliable, for the sake of studying demand, completely garbage, and how many of the remaining ones were simply not satisfied. But, there were some pretty ones too. The thing is different, so you often ran around the city with millions (in local currency) in your pocket? Making appointments at the bank, not always at a convenient time for you, exchangers (yes, some of the savings were in foreign currency) with random rates (well, you booked the course, so what, look at what the situation is now), and in fact, collect the entire amount from yourself on the hands turned out to be not the most trivial, at least emotionally, process. Is it worth putting money in your pockets or putting it in a backpack (of course, I did not consider bags). Whether to call a taxi to the house, or walk a little (the probability of an intruder taxi driver did not seem zero, but people on the streets are also dangerous). On the legal side, I worked through the aspects of the purchase itself (or rather, it seemed to me), but this also does not mean that everything seemed reliable. Transfer money through a safe deposit box, but can I trust the bank one hundred percent? At that moment, the absence of a clause stating that the property of the cell was insured for its value could not please. What will actually happen step by step if the deal stretches for an indefinite period? Is this piece of paper from a notary public strong enough to challenge unpleasant options in court? How can I check this? I can even consult with people of varying degrees of competence in this matter, but can I trust them? How, in the end, can I roll back the transaction if some minimum amount has already been deposited with the agency, and it clearly does not intentionally lose it (or perhaps it has already spent it)? Perhaps you will say that I am naive, and it was worth paying attention to other points, but how should I know which ones? I do not understand this technology in great detail, but I really needed to use it and quite urgently.
Everything ended well, but I will buy the next apartment only through the blockchain, something like this: the seller signs with his key the intention to sell the object (in his ownership) with such an identifier, for such a cost, to such a buyer. Then he receives the transfer, and at the same time, the very fact of the implementation of the intention and the transfer of ownership. The payment itself is the proof of the deal. Two steps. The third step, if you need the absence of mutual claims (and it is necessary, yes). This, and everything else, can be done without leaving your PC. It's still stress, of course, when you manage the sums or property accumulated over the years of life, but this stress, at least, does not stretch for months (!).
Do you still (if you thought so) believe that cryptocurrencies are another conditionally useless technology?
I've stopped. Before that, I always thought one way or another only about the speculative benefits of working with cryptocurrencies, but after, or in the process of a real estate transaction, I already understood what I consider the most important thing. And I will deliberately leave it in the form of a conditional intrigue, because understanding is not equal to knowledge, and it may be erroneous (yes, I'm talking about mine).
For me, the puzzle was assembled, but, ironically, there was no possibility of any significant savings to buy cryptocurrency now, understanding its investment value.
"Understanding" (2015)
In fact, it's much easier to "understand" something when you have no intention of doing anything. Or opportunities, but an opportunity can be created using intentions. And this year was hard for me, or I wanted to think that it was hard for one reason or another, but there was no money for the crypto. But they were for a small renovation, new sofas, great gadgets, and other good things that you still shouldn’t deny yourself, even if you know that there is a good investment option somewhere. I don't think it's some sort of cognitive disorder.
A good decision can wait.
The bitcoin exchange rate floated around $200-500 per coin, but is it really that important? If he quickly rushed to the moon, I might have bought him faster, even realizing that this is not an absolutely right decision. But everything was relatively calm.
Finishing my story, in 2016 I did decide, and the amount was picked up, and there were no difficulties with the acquisition. Many times I thought for a moment, was it too late for me to jump on the train? I don’t dare to evaluate it, but I still believe that I will buy the next apartment through the blockchain, and every day it becomes more and more real.
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