Comment on Retro StarCraft prizes
AlecSadler@lemmy.dbzer0.com 20 hours ago
Super early on I mined probably 500+ bitcoin.
And later in life sold them all at various points for maybe a total sum of $8k.
So, yeah.
This is what investing is though. No sane person would have bought Microsoft for peanuts in the early days and waited until today to have sold their first share. That’s when people get greedy and lose everything.
Bitcoin is very high risk, so your probably $7.8k profit should be seen as a huge win, regardless of what could have been.
Bitcoin isn’t an investment though. Or at least, it wasn’t supposed to be.
People treat it like an investment because they don’t understand how it actually works. Then Altcoins became a thing, which are essentially just Bitcoin clones but with extra steps.
People treat it like an investment because they don’t understand how it actually works.
People treat it as an investment because it has historically grown in value at a rapid pace. It literally couldn’t matter less “how it actually works.” What matters is the likelihood that its value will increase.
Exactly my point. People treat it like an investment for precisely that reason. But that wasn’t why it was created in the first place. Appreciating in value is a side-effect, not the main feature.
Just outted yourself as a silk road degenerate.
I’ve only had a few go through my hands but I definitely bought drugs with them.
… No regrets that was some fantastic ketamine.
Corporal_Punishment@feddit.uk 4 hours ago
I mined a couple of bitcoin on my mobile phone right at the very beginning.
Scratched my head, couldn’t see the point of it, especially as it made my phone hot.
So I deleted the app and the coins.
Sigh.