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RE: How Important is “Timing” Within the Cryptocurrency Landscape?

in #story6 years ago

Timing, right...

A few years ago, there's been a guy, a coder, interested in all the new developments in the industry. One day he read about bitcoin, it looked interesting, so he downloaded the miner and started overheating his gamer rig.

A few months in the operation he looked back and saw that for the tokens he mined he could buy a round of drinks to the crew at the local pub. So he said, screw that.

When he bought his next computer, he didn't even bother to transfer the wallet to it. He just formatted the old HD and donated the machine.

Today, that guy knows that if he just kept the wallet, he could buy the damn pub.

So, timing. Right?

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Whao! That story almost makes my eyes water! Well, you know how it goes, my friend. A very costly oversight indeed...

It's not that unique of a story either.

Some time back, I've read a study that says that there are some 40 million BTC that are forever lost. A lot of nerds compiled the miner and pumped some heat into their rooms and then said, screw that 😃

Very sad, but then I guess it was looked upon as more of some new "fad" than anything else. Alas...