Comment by IgorPartola | Hacker News Reader

Comment by IgorPartola | Hacker News Reader

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Remember that pizza you bought in 2013? You could have invested that money into TSLA and it would be worth a heck of a lot more now. Opportunities like that exist today also. Does that make you not want to eat pizza?

I bought BTC at $20. I sold at $1000. When I sold I had something like 1.95 BTC (had a bit of it stolen from poorly secured exchanges, lost some trying my hand at bot trading). Still happy with it because what I bought at the time with with it made me happy (Sonos speakers and photo gear). Would it have been nice to hold onto it until it was $50k? Maybe. But I have been enjoying the benefits of what I got for far longer.

Having said that, I think XLM is in a good position to jump up in price and I still have their free initial allotment.

I bought like 200 BTC back when it was $10 and ended up selling half of it when it hit $1000.

I liquidated the remaining ~90 BTC until 2018 when it was approaching $10,000.

I have no positions in crypto anymore. Lot of people are going to be caught holding the bag now. It's not common to hear somebody moving a big chunk of their savings in to this "digital gold". I am worried that this is going to result in a lot of broken dreams. Doubly more worried about people over leveraged in real estate.

Bitcoin is a poor storage of value and the cognitive dissonance is profound-the more they hype it as "digital gold" the more it deviates from that description.

I realized that Bitcoin, cryptocurrency is largely a vehicle for money laundering, in particular moving money out of China, Russia and other similar countries.

But what will TSLA be worth when Elon finally goes to prison for something?

There was buying his cousin's company, the bit with the SEC, selling not-a-flamethrowers. The guy he called "pedo guy" sued him but lost because apparently nothing Elon says is credible. There's a 20% chance he sees prison time by the end of the decade.

What's your thinking w.r.t XLM?

It’s a solid and usable cryptocurrency that is developing good strategic partnerships. Currently Ukraine is exploring it as its official cryptocurrency, as I understand. Nano is another good one but seems much more obscure.

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