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If you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million
Posted on 5/22/17 at 11:34 am
Posted on 5/22/17 at 11:34 am
LINK
Is WikiTiger on a Yacht out in the Pacific?
Edit: I know this most likely belongs on the Money Board, but I know a lot of people on OT interested in the Bitcoin concept.
quote:
On May 22, 2010, Hanyecz asked a fellow enthusiast on a bitcoin forum to accept 10,000 bitcoin for two Papa John's Pizzas. At the time, Hanyecz believed that the coins he had "mined" on his computer were worth around 0.003 cents each. Bitcoin mining involves solving a complex mathematical solution with the miner being rewarded in bitcoin. This is how Hanyecz got his initial coins. The cryptocurrency has many doubters as it continues to be associated with criminal activity, but it has still seen a stunning rally. Here are two facts, on Bitcoin Pizza Day, however, that highlight this: While being worth $30 at the time, Hanyecz pizzas would now cost $21.8 million at current bitcoin prices If you bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, you'd now be sitting on around $72.9 million
Is WikiTiger on a Yacht out in the Pacific?
Edit: I know this most likely belongs on the Money Board, but I know a lot of people on OT interested in the Bitcoin concept.
This post was edited on 5/22/17 at 11:36 am
27
Posted on 5/22/17 at 11:35 am to sportsaddit68
Wiki is laughing fa sho
Posted on 5/22/17 at 11:36 am to sportsaddit68
Is there a way to cash in bitcoins for actual dollars?
Posted on 5/22/17 at 11:37 am to LSUsmartass
Yes you can cash out and yes it's easy. Same day easy.
This post was edited on 5/22/17 at 11:37 am
Posted on 5/22/17 at 11:37 am to sportsaddit68
If I would have invested $20 for the hell of it if someone would have told me 7 years ago.
Posted on 5/22/17 at 11:37 am to LSUsmartass
Yes. It's very easy.
You have to pay taxes on your earnings though
You have to pay taxes on your earnings though
Posted on 5/22/17 at 11:38 am to LSUsmartass
quote:
Is there a way to cash in bitcoins for actual dollars?
you can cash them in for bitdollars
and those can be cashed in for Schrute Bucks
Posted on 5/22/17 at 11:39 am to sportsaddit68
Where are all of these bitcoin kajillionaires?
Posted on 5/22/17 at 11:39 am to Jones
So lets say I bought $100 of bitcoin 7 years ago, someone out there is willing to give me 73 million dollars right now?
Posted on 5/22/17 at 11:39 am to sportsaddit68
Ok...I've never understood the bitcoin thing. What is it, how do I get some, and why would I want it?
Posted on 5/22/17 at 11:39 am to Jones
For those familiar,
What is truly driving up the value of bitcoin right now?
Is it just people liking the idea of transactions that are more secure?
What is truly driving up the value of bitcoin right now?
Is it just people liking the idea of transactions that are more secure?
Posted on 5/22/17 at 11:40 am to sportsaddit68
Fake news
Posted on 5/22/17 at 11:40 am to LSUsmartass
quote:
So lets say I bought $100 of bitcoin 7 years ago, someone out there is willing to give me 73 million dollars right now?
Posted on 5/22/17 at 11:40 am to Ash Williams
quote:
you can cash them in for bitdollars
and those can be cashed in for Schrute Bucks
What's the exchange rate between Schrute Bucks and Stanley Nickels?
Posted on 5/22/17 at 11:40 am to TigerDonk
quote:
Yes you can cash out and yes it's easy. Same day easy.
who are these people that would give me $73 mil for my bitcoins?
Posted on 5/22/17 at 11:42 am to Salmon
The way I understand it is they gain and lose value like stocks.
You buy a stock low and sell really high. Who is buying that stock?
You buy a stock low and sell really high. Who is buying that stock?
Posted on 5/22/17 at 11:43 am to Salmon
We've had a few posters here, IIRC, that claimed to have bought or mined bitcoins from way back so they should be here to explain it all, as soon as their Gulfstream lands in Bora Bora.
Posted on 5/22/17 at 11:43 am to Ash Williams
The money being dumped into it in the last few months.
Ethereum is the new technology that most think is going to surpass bitcoin. They have a huge conference today with some of the biggest companies in the world. shite could get huge
Ethereum is the new technology that most think is going to surpass bitcoin. They have a huge conference today with some of the biggest companies in the world. shite could get huge
Posted on 5/22/17 at 11:44 am to Salmon
quote:
who are these people that would give me $73 mil for my bitcoins?
poloniex, for example, you could unload your coins within minutes
Posted on 5/22/17 at 11:45 am to sportsaddit68
I'm kind of pissed that none of my gambling sites made me deposit via bitcoin because that would be amazing to just have some random Bitcoin account open that I had forgotten about with like a couple million dollars worth of Bitcoins in them.
I think Bookmaker accepted Bitcoins as long as 4 years ago.
I think Bookmaker accepted Bitcoins as long as 4 years ago.
This post was edited on 5/22/17 at 11:47 am
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