he's convinced this is going to zero for the same reason all of us were certain this was a scam.. at first..
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I heard about bitcoin when it had no price, pretty much. There was no exchange, the only thing I could find was some bulletin board where people were trying to make trades. Then MT GOX entered the picture and we got a pretty quick glimpse into price discovery (price went from like a dollar to over 30 bucks in a couple weeks, and then they got "hacked" and the rest is history)
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anyways, my point is, everyone thinks bitcoin is a scam the first time they hear about it. it isn't until you really spend some time to look into it that you realize what it really is...
I was made aware of it around 2012. Maybe even earlier by a few months, by my bitcointalk was registered March 2012. Maybe because Gox was already existing then, what happened to me personally was that there was already a price, and there was history from $2 to $30. I bought my first one for about $10 or $20 after it had already crashed from $30.
And, of course, the first thing I did was send it to 1dice.... (satoshi dice address) ... lose, win, lose, win, lose. And I'm actually reading up their old thread, and I see a few of you guys in there ...
I did not think it was a scam when I heard of it, I read the white paper and went to the official site, got the core wallet (which wasn't yet known as core), lurked a bit on the official forum (this one, there was no other forum), read the mailing list, signed up ... and promptly gambled my 4 BTC. I won't bore you with the rest ... (satoshi dice, prime dice, rolling, and a bunch of others ... then just dice ...)
For you guys who are just plain hodling, you may consider funding some of these old time ones with a little bit of bankroll, the house always wins.