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re: Someone sold 80K Bitcoin for $9.6B they bought in 2011 for $54K
Posted on 7/18/25 at 9:29 pm to DVinBR
Posted on 7/18/25 at 9:29 pm to DVinBR
quote:
why sell when it's supposedly going to $1million?
When you have $10B who gives a frick? You accomplished everything you intended to and then some.
This post was edited on 7/18/25 at 9:30 pm
0
Posted on 7/18/25 at 9:48 pm to idlewatcher
This is what I’m wondering… why is it so valuable? You can’t actually use it for anything….
Posted on 7/18/25 at 9:54 pm to DVinBR
It's called taking profits, but broke folks ask these type of questions.
Posted on 7/18/25 at 11:07 pm to OKBoomerSooner
quote:
…or, you could have $9.6B USD, and put that into stable assets, and even if you’re getting lame real returns like 1% annually, you still get $96M/yr.
I'm not discounting what he could do relatively risk free with the full amount in USD. I'm saying he could do close to the same with slightly less in USD while likely 5x or 10x another billion or two in BTC. Or it could go to zero, but he still has the returns on the USD parked in low-risk assets/securities.
I'd take the chance for sure. If it went to zero, I could take my $48m/year and go cry about it on a beach somewhere.
Posted on 7/18/25 at 11:09 pm to 4Bagger
... but hodl tho
Posted on 7/18/25 at 11:22 pm to GRTiger
He needs to take that cash, call JM Bullion and get almost 179,000 lbs. of gold. Then he can exchange gold for cash, as needed, but gold's value will continue to go up. His $9.6 billion in gold could easily be 10 by the end of summer.
Except for the taxes.
Except for the taxes.
Posted on 7/18/25 at 11:30 pm to xBirdx
quote:Its the most anonymous way to store and transfer massive amounts of capital. It’s the greatest bearer asset humanity has conceived of.
This is what I’m wondering… why is it so valuable? You can’t actually use it for anything….
Posted on 7/18/25 at 11:30 pm to stout
Yea but you could get 40 billion and still have half your holdings in. Dude knows something
Posted on 7/18/25 at 11:31 pm to Dirt Booger
Nobody knows dick in bitcoin. That’s my favorite part.
Posted on 7/18/25 at 11:34 pm to The Torch
quote:
He will be disappeared
Caught with 46 images of cp and offs himself
Posted on 7/18/25 at 11:34 pm to xBirdx
quote:Crypto requires you educate yourself. No one will force feed you.
This is what I’m wondering… why is it so valuable? You can’t actually use it for anything….
Posted on 7/19/25 at 12:08 am to Bullfrog
Bitcoin is digital gold.
It's 2025 people. It's time to learn about crypto. You are only hurting your own families by being lazy.
It's 2025 people. It's time to learn about crypto. You are only hurting your own families by being lazy.
Posted on 7/19/25 at 12:27 am to tenderfoot tigah
Ok, but seriously. How high can it possibly still go?
Posted on 7/19/25 at 2:20 am to Oates Mustache
quote:The higher bitcoin goes the more likely it is that it demonizes bonds, gold, equities and real estate. Point being that it is an object in motion that will stay in motion, all else equal. It’s perfect investment asymmetry.
Ok, but seriously. How high can it possibly still go?
Posted on 7/19/25 at 3:11 am to fallguy_1978
My guess is the Bitcoin came to light through the owners estate. Likely had all the money he needed and this was just sitting in a will or safe.
Posted on 7/19/25 at 7:21 am to ronricks
quote:
What military backs bitcoin?
Interweb keyboard warriors................You don't want to piss them off or they'll send you threats between bites of Pizza Rolls their moms just brought down to the basement for them to snack on.
Posted on 7/19/25 at 7:22 am to Oates Mustache
Well, since you asked…
Theoretically, the ceiling for bitcoin is the sum total of all value recorded by humanity, and here is why:
Think of bitcoin as a giant digital abacus. Anyone, anywhere, can choose to use it as a ledger in which to record and store value. But given the fact that there are a finite number of beads, the only metric by which the abacus can “make room” for more value to be stored is for the value of the beads/units to increase.
This means necessarily that every decimal of bitcoin that you own represents your percent stake not just in the value of the network currently, but all value that ever will enter the network. And this is how ethical money should work - contribute value to humanity and have that value recorded permanently as well as benefit from others who follow and build upon the value created by others.
Anywho, people need to start wrapping their heads around why proveable scarcity is perhaps the biggest human innovation since the wheel and why bitcoin is going to keep devouring the marketcaps of all other assets classes in its way.
Theoretically, the ceiling for bitcoin is the sum total of all value recorded by humanity, and here is why:
Think of bitcoin as a giant digital abacus. Anyone, anywhere, can choose to use it as a ledger in which to record and store value. But given the fact that there are a finite number of beads, the only metric by which the abacus can “make room” for more value to be stored is for the value of the beads/units to increase.
This means necessarily that every decimal of bitcoin that you own represents your percent stake not just in the value of the network currently, but all value that ever will enter the network. And this is how ethical money should work - contribute value to humanity and have that value recorded permanently as well as benefit from others who follow and build upon the value created by others.
Anywho, people need to start wrapping their heads around why proveable scarcity is perhaps the biggest human innovation since the wheel and why bitcoin is going to keep devouring the marketcaps of all other assets classes in its way.
Posted on 7/19/25 at 9:09 am to weagle1999
quote:
Why is a $20 bill worth more than a $5 bill? They are the same size and material.
Because the $20 will acquire me more goods.
Posted on 7/19/25 at 9:17 am to weagle1999
quote:
There is nothing behind the US dollar besides faith that it has value.
Why is a $20 bill worth more than a $5 bill? They are the same size and material.
In fairness the answer is that something is worth as much as someone else will pay for it
Your dollar analogy doesn't work though
This post was edited on 7/19/25 at 9:17 am
Posted on 7/19/25 at 9:25 am to stout
Internet detectives think this was Ross Ulbricht the Silk Road guy.
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