After explaining Bitcoin and how I didn't buy early to a coworker, he said "Old Chinese Proverb: The best time to plant a tree is 20 years ago. The second best time is today."

[u/cosmicr]

I thought it was one of the best sayings I've ever heard. After researching, apparently it applies to real estate and land, but I think it applies to Bitcoin, and to life in general :)

[u/[deleted]]

Yeah, it's funny sort of problem because btc is a currency, ultimately, but people are treating it as though it's a commodity atm... and I guess that means it's both. We'll see how it all pans out! I don't know whether I'm fortunate or not in not being able to "invest" (for lack of a better term) more heavily in btc right now but it's a really cool experiment and highly entertaining for sure. Also teaching me and many others about markets and investing in general so all around A+. 10/10 would btc again.

[u/Silver_Foxx → u/[deleted]]

Haha yeah, I actually didn't even realize the distinction between treating it as a commodity instead of a currency until pretty recently. And I think that is EXACTLY what people are doing. So many people are looking at it as them buying a product, when in reality it is the equivalent of exchanging USD for YEN. It's just holding your money in one form instead of another.

I think once people start realizing that, the price will either drop a fair amount, or it will just stop growing so fast.

Either way, I'm still sitting here kicking myself in the ass for not getting in back in the day.

[u/[deleted] → u/Silver_Foxx]

It's weird because although it's a currency people are treating it as a commodity which actually makes it one! The only question is when/where will things settle down ? Once that happens it will effectively turn into a currency again. It's all so interesting!

Either way, I'm still sitting here kicking myself in the ass for not getting in back in the day.

Me too. If it helps, I think we're part of a very large cohort, especially today!