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The Blog of ANDREW sYRIOs

A Bit of Bitcoin Regret

6/13/2017

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So the price of Bitcoin just surpassed $3000 the other day for the first time ever. It subsequently dropped, but regardless, that peer-to-peer cyber, cryptocurrency using blockchain nanotechnology or whatever that most people don't actually seem to be able to understand has exploded in price over the last few years.

Indeed, the occasion was a bit somber for me. My colleague for the old site I wrote for penned an article on Bitcoin back on June 17th, 2011 and I remember a lot of people in my libertarian circles talking about it. While I supported the concept (because end the Fed yo!).  I didn't care much. I certainly didn't think of it as an investment. Although the thought of buying some did cross my mind. Back then it was worth about $9.21/per coin. 

Indeed, I went on a short lived tizzy. "Wait a minute, did I actually buy some back then and forget about it?" Yes, I made damn sure to check every email account I have. 

Alas, I did not forget what would have made me more money that most people's lifetimes.

It did happen to someone else though. Back in 2009, a man bought $27 worth of Bitcoin and then, understandably forgot about it. Then in 2013, he remember.

By then, it was worth $886,000!

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    Andrew Syrios

    "Every day is a new life to the wise man."

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