Posts

AskLeo - The 1000 Bitcoin Dilemma

avatar of @acesontop
25
@acesontop
·
·
0 views
·
2 min read

A few days ago I watched a video of @onealfa and his daughter having Bitcoin as the main character, that was actually created about seven years ago and I really need to point that out, and it wasn't a simple TA vlog or getting rich quick scheme show off one, they probably don't even do TA, it was more of an educational one that I wished I could have watched many years ago.

Call them lucky, inspired or simply good investors, but how awesome does it feel to have discovered Bitcoin when it was in it's really early stage, when it was damn cheap, when the majority of us weren't even able to grasp the blockchain technology and the notion of cryptocurrency.

There were times when a couple of grands would have bought you a few bitcoins, while getting in its really early stages could have been the opportunity of a life time, being able to buy hundreds of them, if not thousands for a few grands.

Very few got into BTC when it was damn cheap, and my assumption tells me that even fewer are still around. Some have paid for pizzas with the first ever cryptocurrency that ever existed on earth and paid thousands of them for two damn pizzas. We can't call that luck, or inspired behavior, but that's a topic for another story.

These days only large institutions such as PayPal, Square or Grayscale, and probably many others that we're not aware of, are buying BTC by the hundreds or thousands. It is no longer the currency of the people and the more it will appreciate in price the less accessible it will be. My personal finances will never allow me to be able to own hundreds or thousands of them, but there were times when I probably could have been able to purchase the quantities of large institutions nowadays.

During those times I was probably playing counter strike and getting drunk every other day and the only way I could see 1000 BTC into my wallet is for some bozo to send them by mistake. What chances there would be for me to wake up one morning with 1000 BTC in my wallet though? I even doubt I'll ever see one full BTC in the damn wallet the way price soars.

I do have a dilemma though, a psychology one, and that's called the 1000 bitcoin dilemma. If you would wake up having 1000 bitcoins in your wallet from an address that doesn't say anything to you, and definitely not expecting such amount to hit your portfolio, what would you do with those BTCs?

Thanks for attention, Adrian

Posted Using LeoFinance Beta