Originally posted by Mike D
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I visited Silicon Valley back in 2012. I was raising money for my start up. My wife and I lived in a start up incubator, and this dude told me about this thing called Bitcoin. It was trading at $10 back then, and I was hooked. I majored in economic history in undergrad, so I can kind of see how this thing can shoot past $1,000.
I raised a few hundred thousand on that trip. I told my wife that I was thinking about sinking $10,000 into this new investment. My wife said it was a stupid idea wasting money on this video game currency, and how Korean teenagers wasted money on useless cyber commodities. In the back of my head I thought this was a little too good to be true, so I didn’t buy in.
In 2013, I was going back to Silicon Valley to raise our A round. When I was at the airport, Bernanke said something about Bitcoin can potentially be a legitimate currency at a congressional testimony, and Bitcoin price shot past $1,000. I was tempted again. My wife gave me another talk on conserving capital for our start up. She was looking at me disappointedly behind those large glasses… so I didn’t buy in again.
In 2017… You get the idea. Don’t get investment advice from your wife.
I did a rough estimate: My wife’s cost me more than 20X of all the money I’ve made in my life so far. But you know what, marrying her was still the best idea in my life. She bought me far more joy than those money. I just have to keep telling myself this.
I raised a few hundred thousand on that trip. I told my wife that I was thinking about sinking $10,000 into this new investment. My wife said it was a stupid idea wasting money on this video game currency, and how Korean teenagers wasted money on useless cyber commodities. In the back of my head I thought this was a little too good to be true, so I didn’t buy in.
In 2013, I was going back to Silicon Valley to raise our A round. When I was at the airport, Bernanke said something about Bitcoin can potentially be a legitimate currency at a congressional testimony, and Bitcoin price shot past $1,000. I was tempted again. My wife gave me another talk on conserving capital for our start up. She was looking at me disappointedly behind those large glasses… so I didn’t buy in again.
In 2017… You get the idea. Don’t get investment advice from your wife.
I did a rough estimate: My wife’s cost me more than 20X of all the money I’ve made in my life so far. But you know what, marrying her was still the best idea in my life. She bought me far more joy than those money. I just have to keep telling myself this.
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