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Comment by SirLJ | Hacker News Reader

I heard about it when it was about $30 and it looked expensive to me back then and even if I bought some, I wold have sold them long time ago at 2,3,5x as I much prefer the stock market (and even real estate) for investing...

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I held on to them for so long because my old laptop’s motherboard died and I had the wallet there. I forgot about them till around 2014, when I looked for them and surprisingly managed to extract them from the hard disk as everything was dead in that laptop not just the motherboard. Then I secured them and forgot about them again until Covid time, when they skyrocketed in value. So I don’t deserve all the credit for holding them, but rather my poor laptop and memory.

Inaction regularly is the best move

Buying bitcoin in 2010 absolutely wasn't inaction, it was a painful process. The problem is identifying when not to do anything. Tell me one thing to do once in 2024 and then forget about it until 2038. Subscription to an AI service? Nah...

if everyone who wish they had bought had bought , the price would have been 50k long ago and crashed to $5 probably equally fast. People missing out is why the price has gone up for as long as it has.

I have no regrets, if I can see the future, I have better strategies to make money and can make an easy 10 000 000 x every week...

If everyone who has been holding bitcoin for years cashed in their balance today, the price would rapidly approach zero.

Emperors, clothes, and all.

Except at this point, that won't ever happen. I certainly wouldn't ever sell. If it starts heading to zero, I would just start buying as much as I could. I know I'm not the only one.

It's called supply and demand. If the demand for something drops to zero, so does the price. This goes for anything in the world.

I bought £5 worth in 2017 or so and (after remembering I even had them) sold for ~£20 a few years later. 4x! Yay!

…shame I didn’t invest my entire life’s savings.

Hindsight is rough. I wanted to buy some when I was in college living of student loans, they were at $600… I should have use my student loans to buy bitcoin instead of the hobbies I had in college…

Almost by definition these things are very difficult to predict. That’s life!

The question is: what’s worth very little now that will be worth millions in ten years? Presumably at any given point in time there exist such things.

True. I have no idea, not even a clue where to start looking for such thing. It seems to me that the best one can do is just diversify, acquire a bunch of stuff that might grow and hold them for 20 years.

Same here, I actually started to buy some at $30 for the heck of it, but the process to buy then was so involved that I gave up and wanted to get back to it later, and never did.

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