As Always, Hindsight is 20/20

A few minutes ago, I was in the process of writing another post that mentioned cryptocurrency.

I decided to check when was the first time I mentioned cryptocurrency on Borden’s Blather, and it was way back in February 2015.

I had written a post about my acquisition of $1.00 worth of Bitcoin, which was the equivalent of 0.004207 of Bitcoin. In hindsight, I should have bought $1,000 of it back then, instead of waiting three years to do so.

If I had purchased $1,000 worth of bitcoin back in February 2015, that would have been the equivalent of 4.207 bitcoins.

If I had done so, at today’s price of one bitcoin ($57, 016), I would have $239,866.

Not bad for a $1,000 investment after six years. If my calculations are correct, that’s an annual return of over 132 percent per year.

But alas, it wasn’t meant to be.

I think next time a fringe investment opportunity comes along, I’ll take a closer look…

*image from Statista

78 thoughts on “As Always, Hindsight is 20/20

  1. Well, there is a lot of speculation into virtual real estate in the different virtual reality worlds. Investing in nothing can be profitable if you jump out at the right time I suppose.

    Liked by 1 person

  2. For a limited time only, I am offering geoffcoins. Send any amount of money and I will prepare a document specifying how many geoffcoins you own. If you make a big enough investment, my Blog will likely disappear.

    Liked by 4 people

    1. Then I guess you’re missing out on the fun and good side of the financial market, especially pumps that skyrocket crypto to the moon while trading. I think you should know how valuable and important cryptos are especially bitcoin are.
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      Liked by 2 people

  3. Perhaps you’ll find comfort in knowing there are probably things that you didn’t fall prey to that have gone belly-up. I think it’s human nature to focus on the one that got away instead of all the other solid decisions we’ve made.

    But who wants to tout their own intelligence? Actually, I can think of someone.๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ

    It’s really incredible what we’re doing in the blogging world. People come up to me off the street and tell me, “Your blog is amazing!” I mean, no one’s ever seen anything like itโ€”that I can tell you. They say, Jim, “What your doing is tremendous! Very powerful!” And you know what I tell them, I say it’s because I surround myself with only the best. They tell me not to, but I thinkโ€”I know better, much better. And other leaders, they call me up and tell me what a phenomenal job I’ve done! Big league! Honestly, it’s very special!

    Liked by 2 people

    1. When you work with good timing then you have more chances of winning. Your commitment to success is worth the time invested.

      Liked by 1 person

      1. Actually it’s not as it seems to you. Good timing is much important in the process of getting greater income in this platform…

        Liked by 1 person

  4. Hindsight is more like 20/10.๐Ÿคฃ Appreciation of an investment looks good as far as personal net worth but means nothing until you sell it. $240,000 today could be $24,000 tomorrow. A good way to lose money is to invest in things that are performing well but don’t seem to be able to support their market value. But if people have money they don’t mind losing, go for it.

    Liked by 1 person

  5. I know a guy who had an opportunity to buy Microsoft for (I think he said) six dollars a share but he said, “Computer software? Who’s going to care about that?”

    Liked by 1 person

  6. it all operates in the abstract for me, so i’m sticking with things that are tangible, most likely to my detriment in the financial realm of possibility

    Liked by 1 person

  7. My husband plays this game all the time with investments… “What if?”

    And I’ll say to you what I say to him always, “WHAT’S WRONG WITH YOU!!?! WHY DIDN’T YOU INVEST!!??”

    Haha just kidding but am I!?

    Like

  8. I’m never lucky with investments, either. I either miss the ground floor of something big or take a risk and it falls flat. I did really well in the fake stock investment part of my economics classes but haven’t seen a success since. Go figure.

    Liked by 1 person

  9. I remember a dinner party from that time period where we were discussing bitcoin and I dismissed it a ‘the idea of money.’ I couldn’t see how it would appreciate any faster than the dollar and might possibly disappear all together. Oops.

    Liked by 1 person

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