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This year, I promise to not miss an opportunity. Even as I type this, the clock ticks ever downward, ending the first day. I got the idea for this article as I was cleaning up my old bookmarks. I noticed a category I labeled ‘Finance’. There were at least 30 items inside, ranging from sites CFA prep to macroeconomic data sites. I took a quick glance and one of the websites listed jumped out at me.
The title? The Bitcoin believers.
I couldn’t pull up the article, the Financial Times locked it behind a paywall that I no longer had passage through. But even if I was able to access the post, it wouldn’t matter. I already felt that anxious, sick feeling in my stomach that accompanies big missed opportunities. The article came out in June 2013, I was halfway through my MBA program at that time. Bitcoin, the first true cryptocurrency and model of blockchain success, was just a blip on the financial world’s radar. Approximately £10 was equivalent to 0.2 BTC. At the time of this post, the ~$13 equivalent transaction would’ve netted you around $2,600 in price appreciation. Now what if I had put $130, which I easily could have? A factor of 10 up, $26,000 in lost capital. It starts to hurt the more you speculate!
All I had to do was read that article, and then act on it. I missed out, although to my credit, I at least knew and acknowledged at one point that this new kind of asset would be valuable. With a better understanding of the mechanics behind this technology, I’ll probably try my luck in the cryptocurrency market. The hunt for digital assets in this era, be they followers, sales, or signals in data, is more important than ever. Now that we’re in 2018, I want to make sure that I stay hungry, humble, and headed in the right direction.
