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by matheusmoreira 1919 days ago
> Have I been salty? Definitely. There's no point in denying that. I could've purchased a home had I been in a coma until now.

That about sums it all up. I too watched the rise of bitcoin and was too lazy to mine some on my own computer. I have screenshots of people buying pizza for like 20 BTC.

All we had to do was buy some. We can still do it.

> If I'd have deserved it is something else.

Does it matter if you "deserved" it? So many literal sociopaths are running the world and getting rich by exploiting everyone else. Did they deserve it? Does a lottery winner deserve their gains?

Better to throw out all these notions and just start playing the game. Anything else means being exploited as well.

2 comments

> All we had to do was buy some. We can still do it.

So you look at the four orders of magnitude that separate the famous "dude overpaying for pizza with Bitcoins" from the current price. And you apparently feel so strongly you leave out the argument for why that is relevant to encouraging others on HN to make a current investment in Bitcoin.

Are you seriously implying that a Bitcoin will be worth $500,000,000 over the next decade? I don't think you are, so what's the relevance of history of Bitcoin's price? Why does that generate FOMO in you?

Is there a more persuasive explanation than simple gold fever? Are you really not able to think of practical circumstances which would cause the price of Bitcoin to go down?

> Are you seriously implying that a Bitcoin will be worth $500,000,000 over the next decade?

Why wouldn't it? Is there anything that would put a cap on its price? The value will keep increasing for as long as people keep believing it's valuable. It may or may not reach absurd prices like 100 thousand dollars or more.

I think there's a good chance that it will. The set of people who value the coin keeps growing. It's grown to the point even companies are buying bitcoin now.

> Are you really not able to think of practical circumstances which would cause the price of Bitcoin to go down?

Sure I can. People could attempt to sell large quantities, crashing the market.

Bitcoin itself could be attacked in any number of ways. Electricity costs could be adjusted to reduce mining efficiency. Nation states could seize control of the network via 51% attacks. I'm not really sure whether these events will come to pass though.

Tyranny that way leads.