Nobody cares when or what price you first bought Bitcoin. Many people use this as a refrain to establish their legitimacy, but it highlights a paucity of other things which to discuss. It’s an “I” centric statement that degrades the overall discussion around Bitcoin.
Laughably, people boast as late as 2013. Cool, you’re an “early adopter.” You bought Bitcoin along with the likes of Mark Karpeles and other Bitcoin “visionaries.”
People evoke the purchase date of their first bitcoins as if they have an upper leg on people who heard about it at a later date, even though most of us heard about it the same way: word of mouth. One of our smart friends told us about it, and, finally, we decided to check it out.
You can find “ early adopter ” stories scattered across the internet. As many of these stories detail, it doesn’t matter how early you purchased your first bitcoins. You might still be broke.
Tell some of the world’s largest banks and corporations, who entered the blockchain space publicly in 2015, that when you entered Bitcoin is important. It’s not. What matters is what you’ve done. And, possibly, how much money you’ve got to do it. Presumably, when people mention how early they bought Bitcoin, they are implying they purchased when coins were still expensive.
Neither the price of bitcoin, nor when you bought, matters. Bitcoin’s value in fiat terms is arbitrary. Traders might take advantage of Bitcoin price fluctuations, but those with the best ideas and organizational models or work ethic will benefit in the long term. Many will just have been lucky.
Some Bitcoiners call for $1 million bitcoins. Even if it happens, it won’t have mattered that they called it. They don’t have crystal balls.
Cool. Bitcoin is worth $1 million dollars. What are all others […]
