Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Again, I've done dumber this year (2 Bitmain D3's that will never ROI at 2.51 BTC w/PSU's etc)
But, again...damn tough to sweep the floor in the workshop w/o this crossing my mind....
ON THE OTHER HAND....if I added up all the BTC I spent (don't look at your Jan 2017 hot wallet...it is ugly) I could be beating myself up
I should just think when I sweep the floor, better the twinge about that, over the angst of adding up all the dubious stuff I got with crypto this year ..shudder
an inoculation against 20/20 hindsight as it were
the mind is a funny thing
But, again...damn tough to sweep the floor in the workshop w/o this crossing my mind....
ON THE OTHER HAND....if I added up all the BTC I spent (don't look at your Jan 2017 hot wallet...it is ugly) I could be beating myself up
I should just think when I sweep the floor, better the twinge about that, over the angst of adding up all the dubious stuff I got with crypto this year ..shudder
an inoculation against 20/20 hindsight as it were
the mind is a funny thing
Well, we have to remember that Bitcoin was originally planned to be a currency to spend. But in some ways that has been a perpetuated fallacy. Because over the past 4 years of me being involved, I have to admit that in not one instance has Bitcoin ever been "better" than just buying the item with fiat directly. Meaning fiat was easier, fiat was faster, fiat didn't appreciate in value later on, etc. The only real benefit to using bitcoin was cutting out the banking system middleman.
Sad to say, but Bitcoin as digital gold is a better analogy.... for now, anyway. As long as Gresham's Law applies to Bitcoin vs. fiat, it will be.