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Author Topic: Regret and depression  (Read 14619 times)
BillyBobZorton
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March 08, 2015, 08:33:01 PM
 #201

I was sightly suicidal for a while after finding out I missed the biggest boat ever seen (realizing I could have been investing in BTC back in 2009) but things do get better OP. We have to deal with it and searching for that lucky strike.
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March 08, 2015, 10:59:47 PM
 #202

You ok OP? Is it getting better?  Huh
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March 09, 2015, 02:16:15 AM
 #203

Don't spend your time regretting and spend it finding the next best thing, a lot of people don't think the early investor ship has sailed for Bitcoin yet!

We are still the early adopters of cryptocurrency. So there is no need to regret.
Early adopters era is long time gone. I guess early adopters were people who buy/earn/mine  bitcoin under the price of $100.

Ignoring the possibility that everyone here today will be early adopters if Bitcoin's market cap reaches trillions, I think there are different phases of early, mid, and late adopters.

The very early adopters were those who knew about Bitcoin before it started receiving mainstream attention in the run up to the June 2011 bubble. Before then, very, very few people knew about Bitcoin and its price was measured in cents. In fact, it only reached dollar parity just 2-4 months before the first bubble burst. Some of these very early adopters were involved in the cypherpunk community, some had conversations with Satoshi, and many - if not most - were libertarian computer geeks. These people mined BTC on their CPUs and later GPUs although there weren't many places to spend them at the time.

The rest of the early adopters came during and after the June 2011 bubble. By then, Satoshi had long gone and bitcoins were being mined using high-end GPUs. The price was in the single digits for most of this time.

The distinction between the latest early adopters and the earliest mid adopters is quite blurry. Despite staying under the mainstream radar for all of 2012, numbers of Bitcoiners were still growing and the price was steadily rising, albeit slowly. By early 2013, references to Bitcoin were beginning to rise again and the run up to the April 2013 bubble could be considered the transition point between early and mid adopters. Mid adopters bought their coins in prices at the double digits and low triple digits. Early 2013 was also when the first ASICs were introduced.

As for the late adopters, I think it's fair to say that they were the ones who came after the November 2013 bubble.

A bird in hand is worth twice in a bush. There is no point in regretting about something one did do or dint think about earlier but there will be more chances in future. Bitcoins are worth more now and investing these bitcoins in a legal website or trade will be a wise option.

What do you mean by "investing these bitcoins"? Do you mean that he should set up his own website or trade or that he should invest his bitcoins in a website like a dice site?

Why are you basing your happiness on whether or not you are a millionaire, that is silly. There are so many more worthwhile things to pursue than just the acquisition of money such as the pursuit of noble causes and helping others. This is the only sustainable source of happiness and being a millionaire of itself would certainly not make you happy so you should not wake up feeling depressed every morning for this, you should wake up every morning and think how you could make the world a better place for both yourself and others in your own little way, that will bring you far more happiness than a pile of meaningless paper or numbers on a screen in your possession.

I'd hate to sound negative but if it's "meaningless paper" and "numbers on a screen" that puts food on the table, clothes on your back, and a roof over your head, then I would say that it's pretty important.
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March 09, 2015, 02:17:47 AM
 #204

I dealt with depression for a bit when I lost about 1btc on a 90% bet. Over time you forget it, that's how I overcame it. Just think of other things, spend time with family, try to forget whatever is making you sad and you will eventually overcome it. Good luck

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March 09, 2015, 02:30:03 AM
 #205

I dealt with depression for a bit when I lost about 1btc on a 90% bet. Over time you forget it, that's how I overcame it. Just think of other things, spend time with family, try to forget whatever is making you sad and you will eventually overcome it. Good luck

With Gambling there will always be highs and lows, same goes for investing.  Heck almost every aspect of your life can be up and down.  This is great advice by funtotry, time heals all wounds, it will get easier and easier.  Just hang tough and you will get through whatever you need to.
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March 09, 2015, 02:33:11 AM
 #206

I dealt with depression for a bit when I lost about 1btc on a 90% bet. Over time you forget it, that's how I overcame it. Just think of other things, spend time with family, try to forget whatever is making you sad and you will eventually overcome it. Good luck

With Gambling there will always be highs and lows, same goes for investing.  Heck almost every aspect of your life can be up and down.  This is great advice by funtotry, time heals all wounds, it will get easier and easier.  Just hang tough and you will get through whatever you need to.
You over think the problem and say "oh my life is so bad im so sad" but as time goes on you think less and less of it, and now I realize how much from giveaways I made, more than 1btc probably, and all the times I actually won. How much OTHER people have lost, much more than my 1btc, and they are probably laughing at losing 1btc.

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March 09, 2015, 02:36:12 AM
 #207

I dealt with depression for a bit when I lost about 1btc on a 90% bet. Over time you forget it, that's how I overcame it. Just think of other things, spend time with family, try to forget whatever is making you sad and you will eventually overcome it. Good luck

With Gambling there will always be highs and lows, same goes for investing.  Heck almost every aspect of your life can be up and down.  This is great advice by funtotry, time heals all wounds, it will get easier and easier.  Just hang tough and you will get through whatever you need to.
You over think the problem and say "oh my life is so bad im so sad" but as time goes on you think less and less of it, and now I realize how much from giveaways I made, more than 1btc probably, and all the times I actually won. How much OTHER people have lost, much more than my 1btc, and they are probably laughing at losing 1btc.
At least until bitcoins are worth 1mil each... then you can open a thread about how if anyone deserves a million dollars, it's you :p

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March 09, 2015, 02:38:35 AM
 #208

I dealt with depression for a bit when I lost about 1btc on a 90% bet. Over time you forget it, that's how I overcame it. Just think of other things, spend time with family, try to forget whatever is making you sad and you will eventually overcome it. Good luck

With Gambling there will always be highs and lows, same goes for investing.  Heck almost every aspect of your life can be up and down.  This is great advice by funtotry, time heals all wounds, it will get easier and easier.  Just hang tough and you will get through whatever you need to.
You over think the problem and say "oh my life is so bad im so sad" but as time goes on you think less and less of it, and now I realize how much from giveaways I made, more than 1btc probably, and all the times I actually won. How much OTHER people have lost, much more than my 1btc, and they are probably laughing at losing 1btc.
At least until bitcoins are worth 1mil each... then you can open a thread about how if anyone deserves a million dollars, it's you :p
Haha but I lost when btc was at around 500, now I can buy 2 btc for the value of 1btc and now I feel like a winner. Also when btc reaches a million you will think "damn I actually lost 1 million back then" but then you realise I also won 2 million right before.

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March 09, 2015, 08:46:27 AM
 #209

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

Laszlo should have been more depressed than you, although it appears the opposite.
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March 09, 2015, 08:55:42 AM
 #210

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

I was mildly interested in cryptography during my highschool studies. But it seemed to difficult to me, because I was trying to understand it form an example which did not fit me. So I gave up. Hadn't I given up, I'd have a few thousand BTC today for sure. But fuck what never happened.

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March 09, 2015, 09:32:39 AM
 #211

I dealt with depression for a bit when I lost about 1btc on a 90% bet. Over time you forget it, that's how I overcame it. Just think of other things, spend time with family, try to forget whatever is making you sad and you will eventually overcome it. Good luck

With Gambling there will always be highs and lows, same goes for investing.  Heck almost every aspect of your life can be up and down.  This is great advice by funtotry, time heals all wounds, it will get easier and easier.  Just hang tough and you will get through whatever you need to.
You over think the problem and say "oh my life is so bad im so sad" but as time goes on you think less and less of it, and now I realize how much from giveaways I made, more than 1btc probably, and all the times I actually won. How much OTHER people have lost, much more than my 1btc, and they are probably laughing at losing 1btc.

This is true.
If you are involved in gambling, be ready for risk and don't become to much emotional, it will not help you.
There is huge risk in any gambling, so if you can't handle it, better stay away.



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[15.00000000 BTC]


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March 09, 2015, 09:35:35 AM
 #212

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

Laszlo should have been more depressed than you, although it appears the opposite.

Laszlo hasn't been around these forums much these days but he did pop back in a few months ago to reveal that he spent the vast majority of the bitcoins he mined in 2010:

I spent it all on pizza long ago:  https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4

3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza.  I mean people can say I'm stupid, but it was a great deal at the time.  I don't think anyone could have known it would take off like this. Smiley

Laszlo

I heard from one person who bought a house with their pizza bitcoins, indirectly, by trading it for cash first.  Apparently it was a lot of hassle with the bank due to AML and just their general distaste for currencies they don't control.  I wish I could say I did the same, but the pizza didn't appreciate the same way as the bitcoins Smiley


Thanks for the kind words guys.

The pizza thing was a lot more popular than I thought so I made good on as many trades as I could.  Other than a little bit of single digit change, I spent everything I mined.  As you all know, the difficulty rises to adjust to hashing power, so eventually the mining wasn't worth it for me...

...The way I looked at it, I was helping out with an open source project, and I was making pizza with my code...

...I ended up just leaving bitcoin on the back burner for a few years, then it exploded and people started asking me about the pizza trades.  Every time the value goes up on exchanges, people email me asking me to comment on it, but really there isn't much more to tell than what I explained here.
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March 09, 2015, 07:29:59 PM
 #213

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

Laszlo should have been more depressed than you, although it appears the opposite.

holy shit - Laszlo would have been a billionaire if he just hodled

look how many coins was recieved at that wallet alone : Total Received   81,432.09 BTC

https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4

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March 09, 2015, 09:09:47 PM
 #214

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

Laszlo should have been more depressed than you, although it appears the opposite.

holy shit - Laszlo would have been a billionaire if he just hodled

look how many coins was recieved at that wallet alone : Total Received   81,432.09 BTC

https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4


Who is this laszlo person? That wallet is absolutely massive, 1k btc transactions coming and going. Is he the owner of a massive exchange or something like that? Or really lucky gambler who busted it all at the end? I feel like since 2 people instantly knew the name, I should know this as well Tongue

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March 09, 2015, 10:02:18 PM
 #215

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

Laszlo should have been more depressed than you, although it appears the opposite.

holy shit - Laszlo would have been a billionaire if he just hodled

look how many coins was recieved at that wallet alone : Total Received   81,432.09 BTC

https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4


Who is this laszlo person? That wallet is absolutely massive, 1k btc transactions coming and going. Is he the owner of a massive exchange or something like that? Or really lucky gambler who busted it all at the end? I feel like since 2 people instantly knew the name, I should know this as well Tongue

Actually he was neither. He was just a very early adopter who became involved in the Bitcoin community in mid-2010 when prices were below 1 cent per BTC. He contributed a bit to the Bitcoin code and wrote the first GPU miner for Bitcoin.

But the reason why he's famous is because he also made the first real-world purchase using BTC when he spent the equivalent of $41 on two pizzas which someone else on the forums ordered for him. Back then, $41 was equal to 10,000 BTC so that was what he spent on the pizzas but as the price of BTC kept going up and up and the value of those 10,000 BTC kept increasing, his story became quite famous.

His page on the Bitcoin wiki:

http://en.bitcoin.it/wiki/Laszlo_Hanyecz
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March 09, 2015, 10:07:44 PM
 #216

Here's the original thread where it all started, you could say it's one of if not "the" most famous thread on this forum:

https://bitcointalk.org/index.php?topic=137.0
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March 09, 2015, 10:11:10 PM
 #217

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

I feel your pain OP. Same boat. I was aware of Bitcoin way before the price explosion and missed the boat. Now I barely have more than 1.
It was our lifetime posibility to become overnight millonaires and we were so close.
We can still hope that in 10 years 1 BTC will be worth something ridiculously high. If not, we can always jump off a bridge.
On a positive note, you currently have over 1 billion more satoshi's than the vast majority of the rest of the world! Wink

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March 09, 2015, 10:15:10 PM
 #218

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

I feel your pain OP. Same boat. I was aware of Bitcoin way before the price explosion and missed the boat. Now I barely have more than 1.
It was our lifetime posibility to become overnight millonaires and we were so close.
We can still hope that in 10 years 1 BTC will be worth something ridiculously high. If not, we can always jump off a bridge.
On a positive note, you currently have over 1 billion more satoshi's than the vast majority of the rest of the world! Wink

A single bitcoin is 100 million satoshis, so he would need to have over 10 BTC in order to have 1 billion more satoshis than the vast majority of the rest of the world.
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March 09, 2015, 10:23:38 PM
 #219

I can understand how missing opportunities can make people feel regret and sad.   The problem is the perception of missing out or FOMO is literally everywhere.  I have "missed the boat" on Bitcoin rise fame too.  But, I also missed the boat on every stock run-up (Apple for example).  May sound silly but, I try to focus on what I can do and my sphere of influence (friends, family, school, job..etc).  Ha!  Easier said than done.  
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March 09, 2015, 11:49:19 PM
 #220

If anyone should have become an overnight millionaire it should have been me. I've been involved in virtual economies for many years now (mmorpg gold exchanges) and if anyone should have had the foresight to become an early adopter of bitcoin it should have been me but instead I was wasting my time fucking around with virtual gold. I wake up every morning feeling depressed.

Laszlo should have been more depressed than you, although it appears the opposite.

holy shit - Laszlo would have been a billionaire if he just hodled

look how many coins was recieved at that wallet alone : Total Received   81,432.09 BTC

https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4


Who is this laszlo person? That wallet is absolutely massive, 1k btc transactions coming and going. Is he the owner of a massive exchange or something like that? Or really lucky gambler who busted it all at the end? I feel like since 2 people instantly knew the name, I should know this as well Tongue

Actually he was neither. He was just a very early adopter who became involved in the Bitcoin community in mid-2010 when prices were below 1 cent per BTC. He contributed a bit to the Bitcoin code and wrote the first GPU miner for Bitcoin.

But the reason why he's famous is because he also made the first real-world purchase using BTC when he spent the equivalent of $41 on two pizzas which someone else on the forums ordered for him. Back then, $41 was equal to 10,000 BTC so that was what he spent on the pizzas but as the price of BTC kept going up and up and the value of those 10,000 BTC kept increasing, his story became quite famous.

His page on the Bitcoin wiki:

http://en.bitcoin.it/wiki/Laszlo_Hanyecz
Ahh so he is the guy who bought the world's most expensive pizza  Grin
Guy must be so  mad he paid millions of dollars on a mediocre dominos pizza. I hope it was good...
The guy who sold him the pizza must be pretty happy.
Missed my boat on btc as well...

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