Crypto has done well because people invest in it. Its basically a subset of the stock market at this point where its pure gambling with no real products being created as a side effect.

You could also notice the actual economy gets worse the more money is invested in crypto and that relationship may be causal. If it gets banned yes investors will lose out but the economy will only benefit.

I started investing during the corona dip. Best financial decision of my entire life. These days, it's an extra 20% of effortless household income and the entire portfolio value is up almost 40%.

But even then I felt I was just too late to the party for going into crypto. Thank goodness.

It was designed from the start to be deflationary and a strongly appreciating asset. Tell me that's not an investment vehicle too

What? That's completely wrong.

If it was set up as a currency, it was set up entirely wrong. There is a capped amount of bitcoin, and over time bitcoin will dissapear. That means a smaller supply will represent equal value (well not really, since it isn't backed by anything), meaning it's deflationary.

Deflationary assets are by definitions bad currency and great investments.

Meh, I bought a few t-shirts for 3 bitcoins way back when.

Of course, I never would have held on to them till 100k. I would have sold a dozen times over between 10 euros and 100.000 euros.

You know they say 90% of gamblers quit right before their big win.

Here's the thing. Either it is all speculators and someone will be left holding the bag, or it's a real investment.

Do you believe now that it's a real investment? If so, then there's no reason not to buy in now.

If you don't believe it's a real investment, and the price could crash at any point and you lose all your money, then it was as true back then as it is today and selling out was the wise thing to do even if in hindsight you could have made a lot more money.

Many people would compromise though, sell half to get their original money back and leave half. Then sell half again when/if it doubles, etc.

I had about $2,000 worth of Bitcoin right when it showed up on Big Bang Theory, which I was convinced would make it crash.

It did not but I had a merry Christmas that year.

I was buying weed with Bitcoin when it was at 0.10. I didn't even bother saving something like 50 bitcoins when moving to a new hard drive

Friend of mine found his old bitcoin wallet that he used to buy drugs online in the 2010s and still had some in it. He's now buying a house with it lmao

I had a friend who told me to buy Bitcoin when it cost cents. I didn't, because at the time it required you to send your ID to an unknown entity.

The same friend had previously recommended that I learn Hadoop. I didn't because I didn't have the proper setup to host it and when was it going to be relevant to my job? Incidentally my current job relies - and my previous job relied - heavily on HDFS.

I'm extremely sleep deprived and can't remember the third thing, but there was a third thing that would have been extremely lucrative if I had followed his advice.

Once I recognized the trend I asked him for the next suggestion. He said I should start my own business. I didn't because I don't have any ideas.

Maybe I should start a business.

I was going to set up my shit PC to GPU mine in like 2012 or 13 or whenever it was when it was a novelty but I was like “nah, I can’t justify purchasing a video card just for that” (my shit PC had onboard video)

I’d be living in a fucking mansion right now, because the world went nuts. Man, the only time I decide to be responsible…

"Who is more foolish - the fool, or the fool who follows?"

— Obi-Wan Kinobi

I mean, I got mine to do it. No shame personally because I recommended at 40k and made sure they understood the risks. Seems real enough to me.

Yeah, the best moment to buy is the moment you start seeing memes about how bad of an idea it was to buy. Like this one. But I recommend waiting for 55k

Practically the only time, Bitcoin isn't at an all-time high is when the price is falling. That would be an even worse time to buy