The Daniel 🖖's avatar
The Daniel 🖖 daniel@nodestrich.com 7 months ago
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast. image

Replies (20)

Luxas's avatar
Luxas _@end.the.fed.wtf 7 months ago
Obviously, hindsight is 20/20 so I don’t really fault too many people in the early days for not giving magic internet money a fair chance. But also sad he didn’t at least diversify a small portion. What a missed opportunity.
The Daniel 🖖's avatar
The Daniel 🖖 daniel@nodestrich.com 7 months ago
I’m trying hard to imagine what a “position in Bitcoins” looked like at $20 or less. $1000 would have been worth an entire block of 50 BTC at that point.
Default avatar
npub1hxgr...ysvl 7 months ago
a significant change in the economy did occur. - narrator voice
Globe99's avatar
Globe99 globe99@nostrcheck.me 3 months ago
A LOT of this in 2011. These people had ~5 years to change their mind, but many probably stuck with their guns. I find this psychology fascinating... In 2011 it was a bunch of forum weirdos on BitcoinTalk being literally the only people in the world who even understood what this thing was, and you've already decided it's a "failed experiment."
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