2017-12-11

Once, I almost bought four whole bitcoins.

But then I thought "Man, $100 is a lot of money."

It may not help much, but remember that it was the rational decision at the time. There is really no reason (other than hype) for the value of Bitcoin to move the way it does.
If you don't play the lottery and the numbers that you would have picked win big, then not playing the lottery was still the rational thing to do at the time, because the chances of winning are so astronomically slim.
- I could have gotten $10k if I held doge coin. But, if I had gotten lucky, I would have immediately made 3 more stupid financial decisions that would have canceled out my gains.
- There is really no reason (other than hype) for the value of Bitcoin to move the way it does.
  Sure there is. It is a limited resource which can be exchanged for other things of value (goods, services, currency).
- Imagine if everyone who played the lottery wound up richer, at most, 2 years later. Imagine this kept happening for nearly 20 years while everyone kept saying playing the lottery was stupid and you could never win. Oh, but I'm sure THIS TIME the people saying that are right; THIS TIME it'll be different and THIS TIME you'd really have to be a fool to buy any. Just like all the LAST TIMES, right?
  This comic came out in 2017. Name a better investment that you could have made at that time.
  EDIT: Lol, lots of people upset that they didn't buy in 2017. Too bad, so sad. Everyone will buy Bitcoin at the price they deserve.
My brother decided that Bitcoin was likely to steadily increase in value (in the long term) and spent about a thousand bucks to buy three of 'em. Then he got hit with some surprise money trouble and had to liquidate, losing about a third of his investment.
He was not amused when BTC became an investment hype.
I upgraded my PC with my Bitcoin. Making $800 off a $20 investment was a great deal IMO.
I wish I'd forgotten to check on it...
I discovered I sold my old PC with the HDD with mined BTC when compusa announced you could buy components with bitcoins, but tbh I think I would have used all of them when their value was still very low

I'm not a fan of participating in money laundering schemes

Just saying that, by far, the most common ways to launder money have nothing to do with btc. It can be taken advantage of by criminals just like usd or any currency. Go to a casino, exchange usd for chips, cash out chips...laundered. Apparently it's very easy no matter what currency you want to use so not liking btc is fine but it can't be because is laundering.
- “While casinos and junkets have for years served as vehicles for regional underground banking and money laundering, the proliferation of ... underregulated cryptocurrency exchanges has changed the game, allowing for faster anonymized movement of funds"
  From a 2024 UN report on money-laundering in casinos in South East Asia
  Money laundering with casinos and with crypto aren't necessarily separate issues, particularly with the rise of online and digital gambling.
  Casinos can be and often are fined if regulators suspect money laundering - the majority have systems in place to crack down on it. Crypto is part of this arms race between casinos and criminals.
- This guy launders money
- To be fair, USD is used for things that aren't crimes as well. Bitcoin has no utilities other than crime and speculation
You oppose the US dollar backed global banking cartel?

2017-12-11: $16936/BTC

2025-06-20: $103043/BTC

If it was worth one thought at the last panel, then it's worth six thoughts today.

I'm sure that Bitcoin is eventually going to crash back down to 0, but it might take anywhere from a decade to 50 years.

I had a few bitcoins back in the day, I remember trying to mine some, but I think someone just gave a bunch.

Either way, I long ago wiped the disks that they were on and I know for sure I would have sold them as soon as they would have been worth a nice pizza or similar anyway.

There is no way I would have believed it would ever become valuable, let alone this insane.

Post this on Nostr and wait for the backlash.

Some people understand bitcoin, others draw cartoons. 👍

Well yeah it's hard to draw while you're jerking yourself off