▲ 536 ▼ 2017-12-11 (discuss.online) submitted 1 year ago by m_f@discuss.online [M] to c/cyanideandhappiness@discuss.online 79 comments fedilink hide all child comments 🔗
[–] Nougat@fedia.io 94 points 1 year ago (4 children) Once, I almost bought four whole bitcoins. But then I thought "Man, $100 is a lot of money." permalink fedilink source hideshow 8 child comments replies: [–] arandomthought@sh.itjust.works 77 points 1 year ago (58 children) It may not help much, but remember that it was the rational decision at the time. There is really no reason (other than hype) for the value of Bitcoin to move the way it does. If you don't play the lottery and the numbers that you would have picked win big, then not playing the lottery was still the rational thing to do at the time, because the chances of winning are so astronomically slim. permalink fedilink source parent hideshow 59 child comments replies: [–] moseschrute@lemmy.ml 8 points 1 year ago I could have gotten $10k if I held doge coin. But, if I had gotten lucky, I would have immediately made 3 more stupid financial decisions that would have canceled out my gains. permalink fedilink source parent load more comments (57 replies) [–] Jesus_666@lemmy.world 7 points 1 year ago* My brother decided that Bitcoin was likely to steadily increase in value (in the long term) and spent about a thousand bucks to buy three of 'em. Then he got hit with some surprise money trouble and had to liquidate, losing about a third of his investment. He was not amused when BTC became an investment hype. permalink fedilink source parent [–] greenskye@lemmy.zip 6 points 1 year ago I upgraded my PC with my Bitcoin. Making $800 off a $20 investment was a great deal IMO. I wish I'd forgotten to check on it... permalink fedilink source parent [–] criticon@lemmy.ca 1 point 1 year ago I discovered I sold my old PC with the HDD with mined BTC when compusa announced you could buy components with bitcoins, but tbh I think I would have used all of them when their value was still very low permalink fedilink source parent
[–] arandomthought@sh.itjust.works 77 points 1 year ago (58 children) It may not help much, but remember that it was the rational decision at the time. There is really no reason (other than hype) for the value of Bitcoin to move the way it does. If you don't play the lottery and the numbers that you would have picked win big, then not playing the lottery was still the rational thing to do at the time, because the chances of winning are so astronomically slim. permalink fedilink source parent hideshow 59 child comments replies: [–] moseschrute@lemmy.ml 8 points 1 year ago I could have gotten $10k if I held doge coin. But, if I had gotten lucky, I would have immediately made 3 more stupid financial decisions that would have canceled out my gains. permalink fedilink source parent load more comments (57 replies)
[–] moseschrute@lemmy.ml 8 points 1 year ago I could have gotten $10k if I held doge coin. But, if I had gotten lucky, I would have immediately made 3 more stupid financial decisions that would have canceled out my gains. permalink fedilink source parent
[–] Jesus_666@lemmy.world 7 points 1 year ago* My brother decided that Bitcoin was likely to steadily increase in value (in the long term) and spent about a thousand bucks to buy three of 'em. Then he got hit with some surprise money trouble and had to liquidate, losing about a third of his investment. He was not amused when BTC became an investment hype. permalink fedilink source parent
[–] greenskye@lemmy.zip 6 points 1 year ago I upgraded my PC with my Bitcoin. Making $800 off a $20 investment was a great deal IMO. I wish I'd forgotten to check on it... permalink fedilink source parent
[–] criticon@lemmy.ca 1 point 1 year ago I discovered I sold my old PC with the HDD with mined BTC when compusa announced you could buy components with bitcoins, but tbh I think I would have used all of them when their value was still very low permalink fedilink source parent