My brother is not a crypto guru, we just discussed about BTC. It was a philosophical conversation in the spirit of perhaps it will become an alternative to conventional money, then it could greatly increase in value.
But I agree that buying new coins is like buying lottery tickets - if you buy all the tickets, there will be no money left.
I spent 20 years of my adult life on a cold and calculating lifestyle (as you described), I can’t say that I was unhappy, but one morning I woke up and realized that everything that had been acquired was lost due to circumstances beyond my control.
Think of it as art :)
It’s an interactive museum of missed opportunities. We all know we can't change the past, but it's strangely entertaining to calculate exactly how much a 2015 pizza cost us in today's Bitcoin.
Ah, the classic "99% of gamblers quit right before they win big" mindset! :)
But honestly, your second point is the ultimate truth. Ignorance truly is bliss. The happiest people are usually the ones who have zero idea what the current price of Bitcoin or Nvidia is, not even BTC or NVDA, hehe.
Do you account for all the factors of the worldwide market? Because there are certainly more busts then there are crypto level books.
The whole pre-tense of your site is flawed by survivorship bias to the point where it has no value, and you suggesting you’ve accounted for that proves that you’re ignorant to economic realities.
Either I misunderstood the question, or you misunderstood what this project is about.
All I consider is historical data. Based on this data and the dates entered, I calculate the result. I don't need to consider economics.
You are 100% right about pre-2014 BTC. Any suggestion where to download trusted prices?
Regarding the date format - it can really cause confusion. Let me explaine. The "calculator" date format is "YYYY-MM-DD" (ISO 8601). But the input field's date format adapts based on your device settings. For better UX.
Honestly, it's mostly just dark humor and a bit of financial "exposure therapy". Sometimes seeing the absurdly huge, multi-million dollar number makes the regret feel almost comical rather than actually depressing.
But you are 100% right about the $1k mark. In reality, almost none of us would have held to the top. We would have sold the moment it doubled, bought new iphone and felt like geniuses. That's the reality this calculator conveniently ignores for the sake of the joke!