It has been a bit of a whirlwind of late.
I think everyone was overly optimistic when the last set of tests rolled out.
Then a small series of events.
Test networks did not hold up as long as most wanted.
Followed but an extended lull of little for us to see and touch.
Then a couple of unsettling threads, quotes and token allocations.
Bittrex adds to the uncertainty.
I feel the angst in the community and share it to some degree.
I am eager to see how the next test improves upon the last now that the team had time to fine tune it.
It could so easily turn the tide on the current vibe.
To be fair, the only reason our investment is up is Bitcoin increasing exponentially over the years.
MAID has lost considerable value over bitcoin over the last few years. Didnât we lose a decimals ? We used have a value of 0.000x btc and went down to 0.0000x. Investing wise our dollars were just saved by the crazy push bitcoin made, keeping bitcoin would of been a sounder investment.
Still hopeful this changes and we retrace, but we canât say we have increased in value over the years, frankly quite the opposite if we are talking economics.
With good news we can definitely turn this around. Having DBC work and a network that does not crash and increases in speed weekly is very much needed. Once we have a successful network test that remains active for days, weeks we can start seeing some drastic changes!
Once that happens we will start seeing investors picking up the cheap coins and slowly getting up in value. There just needs to be a reason for investors to believe they are losing out on a golden opportunityâŚ
You say that as if the bitcoin increases were a certainty. They were not.
Yes, bitcoin has done better than maid, but both have done well. Bitcoin has just done even better. Ethereum has done better still.
I understand the perspective, as many including myself, bought maid with bitcoin. However, that is only because I had accumulated wealth through bitcoin appreciating at the time. It could either have been in fiat otherwise.
I earn in Euros⌠from my Euro pot of savings I divert toâŚ
EUR Savings account.
Crypto - Maid
Crypto - Bitcoin ( I have a minimal bitcoin for omni transition use only)
OtherâŚ
If you are valuing your investments using the âCould haveâ measuring stick, you are doing it wrong.
I made the choice to jump from fiat in to other investments, and so did you.
âŚwhat is interesting, every investment other than a bank account has given me great returns.
Could I have put it all in bitcoin, yea⌠but thatâs MY PERSONAL investment choice that I didnât.
For me it was different, I started with a set of bitcoins, after I purchased those bitcoins I never used fiat. So my valuation was always how many bitcoin do I have. That said, I would have a lot more money if I just kept those bitcoin in their wallet.
All my trades had one goal, increase the number of bitcoins I owned.
No the valuation would have been in dollars in this case. Or to keep that same logic: bitcoins in the double digits.
I guess its just a different perspective, but I get where you are coming from if you invest in fiat. You would never have noticed the slow burn and value loss in btc over the years.
Sure and the main currency to value BTC and everything else is USD. Do you feel bitter for not holding that instead?
I had 600 BTC and sold them for the deposit on my first house, so my pregnant wife had a proper nest to bring them up in. Daily, I look at my kitchen table that cost 100 BTC at the time, which I bought with what was left.
Did I think BTC may go up? Yes, absolutely. I told my wife I thought we may regret it. Sometimes, different things are important for different reasons.
Had I kept them and BTC had gone the other way, I wouldnât have had a house or a table. Maybe not a wife either.
We all make choices, but none of them exist in a vacuum.
Nassim Taleb talks about this in one of his books, just because the circumstance you predicated a decision on (in this case that BTC might lose value), didnât occur, it doesnât make it a bad decision. Indeed, the decision you made could have been the most rational one based on your circumstances and the information you had at the time.
Yes your money would have been better in BTC, but that was not at all obvious at the time. The first BTC I bought, I had to mail a certified check to some random forum dude in the US. And let us not forget the chill that Mt.Gox cast⌠there were some dark times.
But hopefully we are all diversified⌠hell AMD hasnât done much worse than the average crypto over the last few years and is a hell of a lot easier to speculate in.
.