Comment by pjmorris
9 hours ago
Last year, I got an email from a college friend who reminded me that I'd told him to buy MSFT shares in 1986. Neither he nor I did, so I file this in my 'Woulda, Coulda, Shoulda' file, alongside similar stories about Cisco in 1991, Netflix in 2001, and Bitcoin in 2011.
I remember looking into Bitcoin in 2012, and thinking:
"This will never work as a currency, because of the max number of bitcoins it will inherently be deflationary, and the value will go up, which means that there will be a disincentive to spend it, because the value will just go up..."
Yep... Did not buy any.
I don't need to remember it, here's my comments about Bitcoin on HN in Nov 2010:
https://news.ycombinator.com/item?id=2060609
when they were valued around $0.30 each, or about $4 of Bitcoin then for $1M now.
I could have used BTC to buy into the ethereum ICO and I made up every excuse under the sun that a young kid who wrote shit python code could never compete with the gold rock.
Since then I've heavily revised my thinking. Primarily that I don't dismiss things as easily anymore. I try to focus on coming up with a reason to like it instead of disliking it.
I never sold.