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by _bhlv 1845 days ago
You're either delusional or extremely (emphasis on the 'extremely') divorced from reality. So losing out on a $10,000+ gain is 'a good thing' in your book?
3 comments

I think you completely misread what I said. I didn't say that losing out on a $10,000+ gain is a good thing. I'm just asking why we are only selectively applying that argument to certain lost gains.

Every single person who had $50 lying around in 2014 who didn't buy some Bitcoin also lost out on a $10,000 gain, did they not?

Why do we criticize those people who had $50 worth of Bitcoin and sold it, and ended up with $50 in USD - but not those people who had $50 of USD and chose not to buy Bitcoin?

What's the difference?

The main problem is that the press cherry-pick the case where there was a huge (potential) gain, and ignore the other.

Do you see an article that says: "Islanders that dumped the Auroracoin immediately got US$10, but hodlers can't even sell the coins now"

It’s silly, I think, to worry about these sorts of things because the right decision at the time was to spend, not to save. Given the information at the time, it was perfectly fine.

Obviously $10k is good, but I see no reason someone would have regrets or spend any time thinking about it.

If someone gave you $20 to spend on stuff and you bought dinner that’s a fair exchange. The one in a billion chance that it will be worth $10k years later is no reason to save it.

It’s like feeling bad about not buying Amazon stock early on.