Regret and depression

[Berau]

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.

[HCLivess]

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.

[Daniel91]

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.

[Bizmark13]

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.

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

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.

[CoinCidental]

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

[funtotry]

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

[Bizmark13]

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

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

[SimplisticStu]

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

[nwfella]

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!

[Bizmark13]

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!

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.

[barfarf]

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.  

[funtotry]

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

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 
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...

[pitham1]

Ahh so he is the guy who bought the world's most expensive pizza 
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...

That pizza could have been one of the triggers for bitcoin's rise.
You need to have real life transactions before you can call your collectibles as currency.
For all you know, if he hadn't bought that pizza bitcoin's price trajectory might have been totally different. 

[vrm86]

In the mid of  2011 I've mined 0,7BTC with Radeon HD6950. It took me several hours. Sold for 5$ then forget about cryptos for over 2 years.

Know dat feeling bro

[Herbert2020]

Ahh so he is the guy who bought the world's most expensive pizza 
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...

That pizza could have been one of the triggers for bitcoin's rise.
You need to have real life transactions before you can call your collectibles as currency.
For all you know, if he hadn't bought that pizza bitcoin's price trajectory might have been totally different. 

the pizza event is exactly what bitcoin is supposed to be, a currency to spend an buy stuff with not as an investment which is put away in a safe place in the hope of becoming a millionaire.

[WhatTheGox]

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.

If you feel that strongly get to work and make an alt coin or something lol,  half the people in here messed up and didnt buy into bitcoin when they should have.

[silversurfer1958]

If you're depressed because you see Bitcoin being worth a great deal in 10 yrs, and you missed the boat 5 yrs ago, all this means is
you should buy in now, your Millionaire status will simply be delayed by 5 yrs.
On an investment that is, over time, continuously rising, Now is always the right time to buy in (with no more that you can afford to lose)
(But don't forget to diversify, and have a Plan B and a C and a D...)

[Golftech]

If you're depressed because you see Bitcoin being worth a great deal in 10 yrs, and you missed the boat 5 yrs ago, all this means is
you should buy in now, your Millionaire status will simply be delayed by 5 yrs.
On an investment that is, over time, continuously rising, Now is always the right time to buy in (with no more that you can afford to lose)
(But don't forget to diversify, and have a Plan B and a C and a D...)

planning and studying the flow would make you more benefits from this investment learning the timing even you already missed the first ride just needed to trust and react as soon as possible,.

[TGD]

You'll already miss the first thing to get you easy millionaire,but there still time to have and grab it now even it is a high price right now, maybe someday the price will make multiple times increase . Or buy some other altcoin that have potential .

[chennan]

If anyone should have become an overnight millionaire it should have been me.

With this sense of entitlement, I'm glad you didn't get shit from BTC. Typical get rich for nothing crowd.

Exactly...

I understand there would be a sense of regret if you've been in the virtual commodity business for some time... but what you are saying is that you regret not getting into bitcoin just for the sole purpose of cashing out and not actually using the coin for what it is. So you didn't have an interest into virtual currencies, you had an interest of getting rich quick; which is the interest of literally every human being...