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I remember this well. My mom's declining health forced us to sell our house, move in with her and use most of the money to fix up her home. As we walked out of the bank, I joked with my wife that we should buy some tarps to throw over mom's roof and spend the rest of the money on bitcoin before it mooned. Her response was "umm, how about no." lol

At this rate, I may not live long enough to see the day when I'm able to teasingly tell her "That 0.6 btc we spent on a new roof would buy us an entire house today." Hard to believe we've had both a halving and spot ETF approval during this timespan, huh?

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techfeudalist 1y ago

Like those people who bought at $500 in Nov 2013 and it was still $500 in May 2016. I wonder if we’ll look back on it the same way?

Personally, I think it must have been harder for them. They didn’t have the extended price history that we have. They must have seen the big spike to 1000 then thought everything was over when it dropped to $500.

I suspect our boredom will be over soon. Then we’ll be back in the “I can’t focus on work” phase.

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Discussion

Paul Allen 1y ago

Definitely required more faith since there was probably no one around back then telling folks to buy it and don't look at it again for at least four years.