in my defense, this was in 2014 after it had crested 1000 in its first ridiculous bubble. For context, bitcoin going to just $500 was considered by pretty much the entire bitcoin universe as "to the fucking moon", so $1000 was insane and literally no one knew wtf was happening. It immediately started falling and continued to fall for well over a year and I finally decided to sell when I needed some cash to buy a house on the assumption that nobody could possibly be stupid enough to send it back to $1000 ever again.
A year later I re-learned for the umpteenth time that you can never underestimate how stupid people can be.
Note I'm not saying Bitcoin is stupid, it's great, but the people that keep fad-buying it every time it makes a jump are retarded.
yeah
in my defense, this was in 2014 after it had crested 1000 in its first ridiculous bubble. For context, bitcoin going to just $500 was considered by pretty much the entire bitcoin universe as "to the fucking moon", so $1000 was insane and literally no one knew wtf was happening. It immediately started falling and continued to fall for well over a year and I finally decided to sell when I needed some cash to buy a house on the assumption that nobody could possibly be stupid enough to send it back to $1000 ever again.
A year later I re-learned for the umpteenth time that you can never underestimate how stupid people can be.
Note I'm not saying Bitcoin is stupid, it's great, but the people that keep fad-buying it every time it makes a jump are retarded.