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Why You Should Probably Buy Bitcoins

In 2009, probably within the first couple months of its existence, I downloaded the Bitcoin client and began mining bitcoins. Back then it was really easy-- you could get hundreds of Bitcoins per week for free, but they weren't worth anything. Not wanting to waste my time, I deleted the Bitcoin client, and any bitcoins I had mined went along with it.

Last March I thought about Bitcoins again and decided to check up on them. As I read about the progress that had taken place in the preceding years and learned more about the technical aspects of Bitcoin, I was blown away. This is going to change the world, I thought.

So I bought a few when they were around $30 a coin, a few more at $80, and then again at $110. I'm not a Bitcoin millionaire or anything awesome like that, but percentage-wise, it's the best return I've ever gotten on anything. In case you don't fanatically check the price like I do, it's at around $825 per coin as I write this.

I'm going to write the rest of this blog post to explain why I think it's important that you buy some Bitcoins, but take it all with a grain of salt. I do know a fair amount about Bitcoin, but I don't know much about investing or, more importantly, your financial situation.

Dread and Uncertainty Cause Us to Overestimate How Long Things Take

I'm on a late flight back from Vegas, I didn't get enough sleep, and I'm exhausted. I hadn't done my German tape for the day yet, so I put my headphones in, propped my head against the window, closed my eyes, and did it. I'm sure my neighbor, if she could hear my stilted German mumbles, thought I was crazy.

I finished the tape and the captain announced that we were forty minutes from our destination. Factoring in the time it takes to do the final descent, where I won't be allowed to use my computer, that gives me about fifteen minutes of time to make use of.

My first inclination, tired as I am, is to waste the time. Close my eyes and take a lttle nap, read a book on my phone, listen to some music, or just flip through screens on my phone aimlessly. Fifteen minutes seems way too short for me to write a blog post.

But then I think about how tired I'm going to be if I get home and still have to write the post. Begrudgingly, I whip out the laptop. May as well outline the post or get the intro down or something. Now I've got more of a post written than I thought I'd get done in fifteen minutes.

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