If we are going to talk about missed opportunities then the...

If we are going to talk about missed opportunities then the comparisons with the 12.4% ASX200 is thinking way too small.

If we really want to end the year spending time lamenting things that we didn't do or that never happened then lets go back to the good old days when $$$$$ was comparing BIT to Nvidia. At the start of 2020 Nvidia was about $6 and BIT was 5.2c. Now NVidia is $134 (up 2100%) and BIT 1.5 (down 67%) over the 5 years. So according to "the things I didn't do" calculation method that you like, shareholders have "lost" 2167% !!!! Wow, that sucks.

But wait it gets worse. On Feb 1 this year BIT was priced at about 9.2c and a Powerball ticket was only $1.35. Had you brought the Powerball ticket with the numbers "12, 33, 23, 35, 1, 26, 32, and 10" then you would have won $100 million. That would have been a capital gain of over 74,000,000% vs a loss of 81%. Lets not even factor in 5% interest on the hundy for 11 months. So according to the opportunity loss theory most shareholders actually had an opportunity loss of 74,074,092%. Now I fell really bad about my choices ! Before you pointed it out I had no idea that I had actually lost over 100 million so far this year.

Collectively if all BIT holders lost $100mil + in "opportunity cost" as you say then collectively that means that all BIT holders have most over $400 billion this year if we put out collective "missed opportunity costs" together !

Yes is truly staggering how much shareholders have "lost" if we look at it through the lens of "what never happened". But that said, the rampers have been doing the same for the last few years with their trillion dollar market cap valuations, comparisons to Nvidia and BHP, talk of foreign governments stockpiling BIT225 for WW3, conga lines of BP reps engaging in secret bidding wars etc.

Personally I might stick to real data and what actually happened because its only real money that I can spend on my family this xmas. The money that I could have made in my head isn't accepted as currency at any of the retail outlets that my wife and kids love so much. As such I won't be kicking myself for this paper loss (< 50% on my BIT holding) on the small gambling section of my portfolio where BIT resides, any more than I will be kicking myself for not picking the right lottery numbers this year. In fact I'm actually overjoyed that the big end of my portfolio is up about 27% since midday Nov 5th this year when the market shifted massively ! Investing and life is about balance and on balance the this year has been a good one.

Best wishes to everybody for xmas and the new year. Hope BIT delivers something next year and if not I hope you get the right lottery numbers. More than anything I hope all are just happy and healthy.

PS. Merry xmas to Smackybot, $$$$$$ and Helena.