Following the messages related to a topic about BTC purchases, I noticed that many users were hodlers and had never bought anything in BTC, but perhaps early adopters regret their past purchases? In the case of Laszlo Hanyecz (purchase of two pizzas for 10,000 btc in 2010), he said he had no regrets because it helped raise awareness of Bitcoin and promote its use as a currency.
What about you? Do you regret past purchases?
People don’t understand what opportunity cost really means. Every time you spend fiat currency, you’re actually spending Bitcoin because you could have converted that fiat into BTC instead.
For example: if you spend $100 on something today, you’re not just spending $100 you’re giving up the opportunity to buy Bitcoin with that $100.
That $100 could have been converted into Bitcoin So in reality, you’ve actually spent Bitcoin without even realizing it
One more important thing that most people don’t understand,money and currency are not the same thing.
Money is a good that can successfully perform the three essential functions of money: a store of value, a medium of exchange, and a unit of account. People choose what they use as money based on its properties they adopt the best tool for the job.
Currency, on the other hand, is something people are forced to use by law (legal tender), even if it fails to perform those three functions well. Fiat currencies are not chosen freely they are imposed.Throughout history, real money emerged from free markets gold, silver, and now Bitcoin because of their superior monetary properties. Currencies like the dollar or euro are state
-issued instruments that lose value over time and are kept in use only through legal force.