Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odohu
on 16/08/2023, 15:48:02 UTC

....I don't know if you are into computer programming or computer related stuffs because I understand that Bitcoin resonate more with people like that given its technical nature.

I would not characterize myself as much of a techie.. and sometimes the techies get caught up into shitcoins because they find the shitcoins to be more flexible in their programmability.. .. so I am not sure if techies get bitcoin earlier than others, even though they likely have a lot of advantages in terms of understanding ways to protect their stash..
This is another angle to it...some I know actually went ahead to create their own coin and rarely pay attention to accumulating Bitcoin. So I completely agree with you in this regard.

but even some techies can get caught up in their own tech and screw things up which seems to have contributed to how Luke Dasher had ended up losing around 200 BTC last year.
Wow this is a mistake someone will rue for a long time. 200 BTC is such a big number. I will not be able to forgive myself if anything close to that happen to me. How did this actually happen? Maybe I can learn one or two thing from it.

odohu has a point; it was my interest in computers and related tech, specifically distributed computing projects like folding@home and SETI@home, that gave me a head start in bitcoin.



so for the 1st few years my coins were basically mined with GPUs (and later fpga) directly.. no exchange used. that alone gives a bit of a head start.. so when btc began gaining value some of us already had some that we had just hodled as really there wasnt much else to do with btc back then..


Glad you confirmed my observation. Your name alone sound techie... pardon me as no offense was intended. People like us that are not deep into computer related stuffs still struggle to make sense of the technical aspect of Bitcoin. We tend to hide when the deep things like entropy, nodes, hash etc are being discussed. Conversely, for someone that is already into programing, Bitcoin will be like home-coming. Well, I guess I will put coding as a future plan... probably when I get some financial stability and get off 9/5 system that is making one work like elephant while eating like ant.

ie back in the day (say 2011/2012), many peeps 1st experience with btc was buying from an exchange (mtgox maybe..) which takes a lot faith and trust in that exchange especially when sending kyc docs or btc to.
The name mtgox scares me a lot. I hope you were not a victim of their terrible attack? Well, those are the process Bitcoin have passed through... those who were in Bitcoin, experienced the incident of that exchange or heard about it yet continue with Bitcoin are the real MVPs.