Why regret doesn’t make sense and how I spent 10 BTC on minecraft diamonds

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Why regret doesn’t make sense and how I spent 10 BTC on minecraft diamonds

Backstory: I bought ten bitcoin when they were $3 each. I spent them about a week later for diamonds in a minecraft server.

Now, you might be wondering why I wouldn't regret spending what is now worth half a million dollars on fake rocks in a videogame, but the more I've thought about the more I've realized:

  • At $3 bitcoin still felt like a fun experiment. I had NO idea what I had.
  • More importantly, let's say I kept those coins. When Bitcoin hit $20 I would have been tempted to sell. When it hit $100 I would have been verrry tempted to sell. $1,000? I'd cash out for sure. There are so many milestones where I and many of us thought it was topping out where I without question would have so;d, especially in the early years. The likelihood of me keeping those coins for a decade with the assumption that today's prices were even possible at all is extremely unlikely.

So ultimately don't beat yourself up if you sold some coins for lower prices than we see today. You made a decision that was probably right for whenever you made it.

submitted by /u/-Massachoosite
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