re: If you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million

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i may look at investing in some ETH, though. like a grand or so

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any money invested in ETH right now is still VERY EARLY money at any price.

most people still haven't heard of it and the technology itself is still in it's infancy - just look at this thread.

the question is whether the big banks will attempt to standardize around ETH or go their own way - that remains to be seen

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i love that story so much...SO MUCH

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my favorite story of the year so far. Free market finds away

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Hanyecz believed that the coins he had "mined" on his computer were worth around 0.003 cents each

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Does anybody with a stronger bitcoin background want to chime in on this? I don't know a ton about their beginning, but I have a difficult time believing that a bitcoin was ever worth only 0.003 cents. It sounds like Hanyecz paid a price far too high to satisfy his munchies, not that anyone could have purchased 73 million dollars worth of bitcoin for 100 bucks.

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So what is your plan for your bitcoins? Hold onto them and use them as you see fit or are you eventually going to sell?

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i buy and sell daily. not just BTC, but other cryptocurrencies too

I'm gonna buy ETH as well. I just need to know how

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Um, it's difficult to accept because techies can't translate why it's safe.

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it's not 100% safe. there is risk involved

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But, it's going to take a lot of work to convince the majority of people that the digitized money world can be trusted when big banks aren't involved.

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and that's where the advantage comes in

i'm no saying people who don't rely on BTC are stupid or anything, it's about seeing things outside of the traditional paradigm. now is the paradigm guaranteed to succeed? no, of course not. that's why you need some acceptance of risk.

i don't like the price fluctuations of BTC to be perfectly honest. i want more stable growth/decline so it can be used as a legitimate currency. there are supreme advantages to having a portable outlet that allows you to access whatever you can afford to store in that outlet, especially if you leave the US (even if it's a hasty retreat)

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Need this answered.

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Anywhere from a touch under 2K to 120K+, depending on when in 2011 he bought it.

History of Bitcoin

Article with January 2011 price.

youtube has plenty of videso in interested. there is also subreddits dedicated to it /r/ethtrader

we have an entire thread on the money board with ways to invest into ETH or BTC or etc

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sign up for coinbase
buy ETH
profit

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SFP can you buy in fractions? 1 ETH is 187 bucks atm from what it looks like.

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i buy and sell daily. not just BTC, but other cryptocurrencies too

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So how do you " " my statement:

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All the people that are flocking to it now are only looking for a quick buck.

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...when you are doing exactly that. As I stated in that post, Wiki never argued for bitcoin as an investment. He backed up everything he said with technology, blockchains, frick the government, and laws of the universe type of stuff. There is a 20+ page on the money board with a bunch of people looking to make a quick buck. If you truly believed in bitcoin you would hold, regardless of value.