Early Ethereum buyer checking in.

Although, most of my holdings are now BTC & XMR.

XMR or Monero, is the best cryptocurrency IMO.

Ledger is totally opaque. Actually works like cash.

> Early Ethereum buyer checking in.

Hopeful about ETH tokens rising in value soon? ETH 2.0 is coming later this year, which may shake things up one way or another.

I don't know, I'm a little worried about 2.0 as they've delayed it for so long.

Ledger is totally opaque? Maybe I'm confused, but opaque means not transparent. Surely you'd want the opposite?

Transparent means people can tell how much money you have, how long you've had it, where you got it from, and where you send it. An opaque chain means outside observers can't really do that. If people have the private key, of course they can, or if they have view keys they can. The the chain is verifiable even while being opaque thanks to the beauty of mathematics.

What ledger is used for tracking cash?

Of course, that’s reasonable that you would be happy with your luck.

Buying lotto tickets is irrational as well, but the winners are happy. Some speculators end up ok.

As much value has been lost by bitcoin as created (ie, someone bought at $20k and lost at $10k, etc).

I’m glad you made a ton of cash, I hope you can retire. But this volatility is really bad for currency.

Enough people sunk their whole live savings and then some into this. They are less happy than you are.

Sinking your whole life savings into something is stupid and it's peoples own fault if they do so and lose everything.

Sunk half my life savings in at $16, then doubled down and sunk the rest in when it dropped to $3.

Have now bought a house each for pretty much all my close friends and family members.

Couldn't a gambler say exactly the same thing?

With gambling the winners is very, very small minority. With bitcoin/crypto practically all people who got in before 2017 have been doing very, very well.

Usually, no.

With any financial instruments there are those for who it is a worse deal than alternative. With Bitcoin you have great volatility, but it has been mostly upwards. If you have made loss you are probably minority of the user/investor base.

For example, the current ATH was nearly $20k, and the current price is $9k. If you were unlucky enough to buy at ATH, you are down to 40%. Thats still not that bad situation - for example with stocks it is easy to find bets where you lose 90%.