If you invested 100 dollars in Bitcoin 7 years ago

[kilroy69 993]

It would be worth 72 mil today.

[bandrus1 413]

Can you really exchange it into dollars?

[mobb_deep 917]

And an exchange would be willing to give you about 100$ for them.

[ROCKFORD 134]

It would be worth 72 mil today.

 

link?

[kilroy69 993]

https://www.google.com/amp/s/tribune.com.pk/story/1416891/bought-100-bitcoin-7-years-ago-youd-sitting-75-million-now/%3Famp%3D1

[kilroy69 993]

On May 22, 2010 a programmer named Laszlo Hanyecz used 10,000 bitcoin to pay for two pizzas. At the time, he believed the coins he had mined were worth around 0.003 cents each. The pizzas cost $30 then. However, they would now cost $22.5 million at current bitcoin prices.

[Djgb13 2,338]

Thought about investing in bitcoin when they were coming out. Decided not to just cause I didn't really think they would take off like they did. Dam I was focking wrong and kick myself to this day for not doing it

[Big Guy 1,400]

It would be worth 72 mil today.

[Drizzay 644]

Only if someone would pay you 72mil for them.

[mobb_deep 917]

Only if someone would pay you 72mil for them.

Eggzactly.

 

Bitcoin wasn't created to be another form of paper currency, that lived along side it (ie gold backed, credit and debit, wire transfers, blah blah). It was created to be an entire replacement of the "outdated" system. It's apples and oranges.

[Djgb13 2,338]

Eggzactly.

 

Bitcoin wasn't created to be another form of paper currency, that lived along side it (ie gold backed, credit and debit, wire transfers, blah blah). It was created to be an entire replacement of the "outdated" system. It's apples and oranges.

Which is why I decided not to invest in it. It's not really a countries currency. Plus there's quite a few secure ways to pay with your own currency online. I just didn't see it taking off like it has. But even if you did invest and have that much that's worth a lot are you even able to get that much money for it? Hell, could you even get a million for it? If you can't get actual money for it then what can you use it on? Dark web, black market stuff?

[titans&bucs&bearsohmy! 2,745]

Which is why I decided not to invest in it. It's not really a countries currency. Plus there's quite a few secure ways to pay with your own currency online. I just didn't see it taking off like it has. But even if you did invest and have that much that's worth a lot are you even able to get that much money for it? Hell, could you even get a million for it? If you can't get actual money for it then what can you use it on? Dark web, black market stuff?

It, or something like it, will be a good long term investment.

 

The notion of the sovereign nation state is a somewhat outdated concept, particularly economically. As the internet continues to grow, and the world becomes ever more connected, there will be a demand for a secure online currency not controlled by a nation state.

[Djgb13 2,338]

It, or something like it, will be a good long term investment.

 

The notion of the sovereign nation state is a somewhat outdated concept, particularly economically. As the internet continues to grow, and the world becomes ever more connected, there will be a demand for a secure online currency not controlled by a nation state.

While true, I just didn't feel like an internet currency would actually take off when you would be able to still pay with your own currency. If the internet started requiring bitcoin for purchases then yea I would say it's a good idea. But I haven't seen anywhere that you can pay with bitcoin. Usually PayPal or your own credit card. That was really why I never invested.

[RaiderHaters Revenge 3,566]

yes they are trading as currency for 2100$ a coin, you can sell them on many sites and get real money, I bought 10 about 5 years ago for 100$ ish, I sold them last year at 800 ish each, wish I held

 

I sold them instantly for what its worth

[titans&bucs&bearsohmy! 2,745]

While true, I just didn't feel like an internet currency would actually take off when you would be able to still pay with your own currency. If the internet started requiring bitcoin for purchases then yea I would say it's a good idea. But I haven't seen anywhere that you can pay with bitcoin. Usually PayPal or your own credit card. That was really why I never invested.

Sure. Now. Wait until, say, the US dollar sh!s the bed and takes the global economy down.

[RaiderHaters Revenge 3,566]

While true, I just didn't feel like an internet currency would actually take off when you would be able to still pay with your own currency. If the internet started requiring bitcoin for purchases then yea I would say it's a good idea. But I haven't seen anywhere that you can pay with bitcoin. Usually PayPal or your own credit card. That was really why I never invested.

 

Japan and soon to follow China will recognize Bitcoin as a national currency

[tanatastic 2,061]

Can't believe scammers have made this much off of made up fake internet currency. It's the Scientology of money and I could have been rich if I didn't laugh at it when it started. Of course.

[iam90sbaby 2,120]

Can't believe scammers have made this much off of made up fake internet currency. It's the Scientology of money and I could have been rich if I didn't laugh at it when it started. Of course.

You clearly know nothing about how any of this works.

 

Ethereum (not so much Bitcoin) is the future. I invested a few grand into Ethereum at the beginning of this year when it was around $10 an ETH. Last night it was over 180. I have 225 of them. My first major grand slam. I messaged mmmmm...beer about it and told him he should invest, hope he did.

 

But anyways, you should look into Ethereum, you'll see that it isn't a "scam"

 

It's such a huge scam Germany is using this blockchain on all their charging stations.

[patweisers44 697]

And an exchange would be willing to give you about 100$ for them.

 

 

Only if someone would pay you 72mil for them.

So they are basically like baseball cards?

[iam90sbaby 2,120]

 

 

So they are basically like baseball cards?

 

To lazy to read the rest of the thread, but you can sell your Bitcoin/Ethereum/Litecoin whenever you want just as you could stocks or any other currency.

[Alias Detective 1,179]

Can you really exchange it into dollars?

And an exchange would be willing to give you about 100$ for them.

Only if someone would pay you 72mil for them.

So they are basically like baseball cards?

Seems easy enough so long as there is a buyer on the other end of the deal.

 

https://support.coinbase.com/customer/en/portal/articles/2488658-how-do-i-sell-or-cash-out-bitcoin-

[iam90sbaby 2,120]

Seems easy enough so long as there is a buyer on the other end of the deal.

 

https://support.coinbase.com/customer/en/portal/articles/2488658-how-do-i-sell-or-cash-out-bitcoin-

 

It is very easy.

 

The real scam is the paper money that we hold so dear.

[iam90sbaby 2,120]

https://cointelegraph.com/news/bitcoin-ethereum-ripple-three-reasons-to-consider-investing-in-cryptocurrency

[iam90sbaby 2,120]

I remember when I first started talking about Bitcoin and Ethereum on this board 2 years ago and everyone called me crazy. LOL.

[RaiderHaters Revenge 3,566]

You clearly know nothing about how any of this works.

 

Ethereum (not so much Bitcoin) is the future. I invested a few grand into Ethereum at the beginning of this year when it was around $10 an ETH. Last night it was over 180. I have 225 of them. My first major grand slam. I messaged mmmmm...beer about it and told him he should invest, hope he did.

 

But anyways, you should look into Ethereum, you'll see that it isn't a "scam"

 

It's such a huge scam Germany is using this blockchain on all their charging stations.

 

yah I wish I would have gotten Ethereum as well

 

I think only one will end up winning and Bitcoin seems to have a huge lead, with Japan and China on board its sky rocketing

[iam90sbaby 2,120]

 

yah I wish I would have gotten Ethereum as well

 

I think only one will end up winning and Bitcoin seems to have a huge lead, with Japan and China on board its sky rocketing

 

Trust me Bitcoin is basically proof of concept and Ethereum will take over. You probably feel like you missed out, but CryptoCurrencies aren't even 10 years old yet. It is still in its efficiency. There is no reason one ETH or BTC couldn't be worth more than 1 million dollars. They set it up expecting it to be that large.

 

Read this:

http://www.huffingtonpost.com/ameer-rosic-/ethereum-vs-bitcoin-whats_b_13735404.html

 

Download CoinBase today and you should invest as much as you possibly can, I truly believe it will be over $2,000 by the end of summer.

[RaiderHaters Revenge 3,566]

I have a morale obligation to never read Huffpo

[iam90sbaby 2,120]

I have a morale obligation to never read Huffpo

 

Oh okay. I guess the more people that think BTC is king the better it is for me.

[kilroy69 993]

I have a morale obligation to never read Huffpo

I have the same feeling. It is like watching fox for me. It is my responsibility not to feed the morons.

[RaiderHaters Revenge 3,566]

 

Oh okay. I guess the more people that think BTC is king the better it is for me.

I'm all for cryptocurrncy just not huff po. I'm researching elsewhere

[tanatastic 2,061]

The real money is in making sites where suckers can buy made up fake space currency using actual money. Those are the people who will get rich.

[iam90sbaby 2,120]

The real money is in making sites where suckers can buy made up fake space currency using actual money. Those are the people who will get rich.

 

Its such a big scam Fidelity is starting to buy and mine Bitcoin, I think you may be on to something.

http://www.investors.com/etfs-and-funds/mutual-funds/what-fidelitys-abigail-johnson-has-to-say-about-bitcoin-and-blockchain/

 

 

When you say "actual" money are you talking about the USD, another fiat currency or gold and silver?

 

Bitcoin is worth over 35 billion dollars and Ethereum I believe is around 15 billion. Do you think this many smart people were fooled or do you think perhaps you may be the fool when it comes to this?

 

---

 

So glad I started investing in CC's a few years ago. It is my generations dot com boom and I got in early. If it keeps going this way I will be retired in 5 years. Real talk.

[edjr 5,547]

If only RLLD were still alive.

[mobb_deep 917]

The main issue with bitcoin/blockchains are they're 1) very volatile and 2) held largely by Chinese (and other communist countries) firms, as a way to get around the government restrictions on international capital movement. Point 2 is also why bitcoin is surging so much lately.

 

All of that aside, I do see some sort of blockchain currency being the future, as it will be a common ledger that everybody has access to.