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RE: My name is Luke. Let's create the world we want to live in.
Regarding this statement about you buying $20 of bitcoin:
"Sadly, I didn't cash in when it reached $1,200 because I was too ideologically attached."
Which do you favor more? The $20, or being ideologically attached? My guess is the latter.
We have people constantly saying "I should have sold when it was $1,200". What if in 10 more years, its at $120,000. We never know where things are going to go if this takes off.. if anything takes off... :)
Great question @intelliguy! I definitely favor the ideologically attached. I would have preferred to sell, pay down debt and then continuously buy a bunch back after it crashed back down to the $250 range. That would have been nice, but, as you said, no one has a crystal ball. Thanks for the comment.
Also, a lot of people did sell at 1200, withdrawing them from mt. gox was another thing...