/biz/ - Business & Finance

>>23742184
Sucks but people invest 1mil to get 80k back

thats why you just buy statera and make the same gains as u could back then, thank me later fren

>>23742285
5 eth

>>23742285
no nothing will work. back then we only had like 3-4 coins and bitcoin had an actual purpose. now we have 80000000000

>>23742184
10 worth of bitcoin at the time the first bitcoin exchange opened in March 2010. Based on the $0.003 per-coin price at the time, your $10 would have purchased 3,333 bitcoins.

Now, using the $3,722 current value of a bitcoin and the $445 value of one bitcoin cash, your original investment would be worth a total of nearly $13.9 million. That translates to a 655% annualized gain over a roughly seven-year period.

>>23742184
these calculations never consider the advantage of hindsight and they always assume perfect scenario. most of us probably wouldnt make life-changing gains anyway, either because we wouldnt buy enough, we’d sell too fast, or both. I knew about btc already in 2015 and probably heard about it even earlier but I only used it for buying stuff and never thought of it as investment until summer 2017
its not too late to accumulate btw

>>23742184

Bitcoin came 5 years to early. We Millenials weren't old enough to understand it

>>23742468
still its fucking a living hell for me. i live in ultra poverty and with just fucking 200-300k id be so fucking happy just getting a tiny house and making it my own space and having a small yard

I’ve known about it since it basically first came out from being on forums and other places online. I had multiple chances in the last decade and beyond to get in but I never took it serious. Sometimes it hurts.

>>23742184
In like 2012/2013 a couple of my friends in college were joking about buying some at lunch one day...we dun fucked up.

>>23742468
True...a lot of it was stolen or hacked as well.

>>23742537
youre lucky i didnt know a fucking thing about it. i think i heard people used it buy drugs and didnt know anything about it i think i heard about it when i was worthless.

i grew up in a really shitty poor family never had a debit card, never had money, never had any knowledge of money or investing FUCK ME IF I JUST KNEW ABOUT BUYING DRUGS WITH IT THE REMNANTS OF MY WALLET WOULD PROBABLY MAKE ME RICH

>>23742537
I literally wrote a blog in 2010 about a commonly asked question about some GUI miner.
Made good amount of adsense money on it, but never owned any Bitcoin. If only I knew holding was the best way to make money.

>>23742316
if you are never willing to take a little risk ofc nothing will work, i hope u forget i told u about statera ur just gonna feel worse when it moons like btc

>>23742603
I was on forums really young so Im pretty sure I remember it being worth a few cents. I remember when it first got big and there was a story about somebody digging through a landfill for his hard drive so he could retrieve his wallet, even after that I never took it serious. Bummer. I couldn’t be filthy rich because I would end up in The Hague but a few hundred grand would be great.

>>23742285
Theres nothing more pathetic than shitcoin bagholders trying to lure in more poorfags

>>23742719
i'm not bagholding i literally have everything in statera and buy when i can, i'm trying to help others make it with me

>>23742184
Lol i spent like 2000 btc on drugs in early silkroad days, still cant forgive myself not holding 100 atleast lol and im from a 3rd world shithole hahahahahahaha aaaaaaaaaa
Oooooooo i hold 2k xrp now but its just copium hahahahahahahaahahahHahahahahagagagagGGagGGagahahahahahhaahahahahahahahha

>>23742677
Knowing me i was such a fucking retarded drug addict i would of pulled it out and bought drugs anyways

sigh fuck my life. i wish i could of just stored like 60 btc somewhere and not found it until it was 200 grand

You're all pathetic losers

In 5 years you'll still be here, whining about how you didn't buy enough ETH or LINK in 2019

>>23742868
Add sta to the list. Retards can't see what it actually is, just like link and BTC when no one gave a shit about them & they were cheap

>>23742285
Bullshit, there are two many out there. You can only go for the king now. This is not a race of tokens which is won by the one with hyped technology, this is moon mission performed with normie funding. Count two and two, buy at least 0,5 btc (better sooner than later) and save yourself a sure rope.

>>23742868
but its 15 thousand fucking dollars now insanely high risk compared to back then. $100 in btc will do nothing. $1000 in btc will do nothing. $4000 in btc will do nothing.

back then you could buy fucking dollars worth and get rich. that was zero fucking risk. you could spend enough for a couple pizzas.

>>23742904
are u brainlet? the only reason u think it was zero risk is cause u see the price now, u couldn't have known that back then

>>23742184
>you would have sold

>>23742904
That's not how an investment case is judged. The price is what it's worth anon, except you know more than the market, do you? This can still be cape canevaral.

>>23742938
dude you could of spent enough money for 5 pizzas

>>23742952
still even if i could have a few bitcoins laying around in a wallet somewhere my life would be infinitely better by now or maybe i would of seen it sky rocket and just watched. i actaully had friends and shit to do back then so i wouldnt watch shit every second

>>23742653
Go away pajeet

>>23742938
10$ is not that much basically almost to anyone, but almost anyone would have sold it when btc hit 200$ or 1000$ that's for sure

>>23742904
A reason for this increased price is institutional investment. Private companies hold a lot of bitcoin right now. There's no reason to think this will go backwards.

>>23742904
>insanely high risk compared to back then
its not, thats why its getting so expensive. back then nobody knew if its a short fad or a scam or the future of finance. right now everyone aknowledges it’s here to stay. stop crying about not becoming a billionaire for $100 because you never would hold long enough anyway, be happy that you can get almost guaranteed multiplying of your money in the near future with btc/eth/link

>>23742982
the whole point is that when you could actually buy a lot of btc with $10 you would have never thought of it, there were giveaways on forums with 100 btc and people didn't even join them, now he's talking in hindsight.

>>23742537
same...except it hurts most of the time

>>23743019

>>23742184
>Tfw I did have money in 2015 but I put $2k per month into Berkshire Hathaway and boomer retirement accounts.

>>23743075
Only thing is I’ve never actually read a story about somebody buying a bunch for shits and giggles in like 2008 and then cashing out for wild dollarydoos in the last few years. Somebody here probably has one. Please share so I can seethe and attempt to cope.

>>23743118
you must still have a good chunk of change right? all i bought in 2015 was weed bongs and drugs

>>23742982
You are looking at the whole thing with hindsight. I was there, and trust me, you would have sold almost all of your stack or bought drugs when it hit $1k. Obviously knowing where bitcoin is now, you should have held. But you have to put yourself back in 2012. Do you really think you would have the testicular fortitude to yolo on some bullshit dark web money that's been around for 3 years and has no history? Fuck no. When you see the dust in your wallet hit $200 you are going to re-up on some gas and think of it as a freebie. If you are from that era and you actually considered bitcoin as an investment you were either 1. Retarded or 2. An otherworldly visionary. Tell me right now, in another 8 years will people be reminiscing about when an average wagie could afford an entire bitcoin? Oh you don't know? That's because you can't see the future, and you have to consider that in the past it was even 10x harder than it is now.

>>23743392
yeah but now you need to invest 100,000 to make as much as $100 in bitcoin would make you. theres no way to make it now.

>>23742285
this but alt of your choice since i lost 5 ETH on STA

>>23743373
Couple hundred grand. It's just a number in an account though, nothing more.

>>23743518
you have zero problems

If you don't have at least 1 BTC now you'll never understand what it was like to hold through the years.

I felt like a retard when it crashed in 2016, 2017, 2018, 2019, early 2020

>>23742184
Oh good, hindsightposting.

>This means the $1,000 invested in 2015 [zomg]

OK, fine, but shift the timeline forward just two years. Now is it a rope-worthy missed opportunity?

>>23742316
This is correct. Most people here don't realize that back then we had a couple coins, so no matter what you bought you were going to make a great return. Now we have hundreds of thousands of coins. Nothing is guaranteed anymore.

>>23743532
Haha thanks but it's an opportunity cost. The best time to plant a tree is thirty years ago, the second best time is now. In five years people will be posting about why they didn't buy more in 2020. Dollar cost average into BTC, ETH and LINK. And it's not about owning whole Bitcoins. The percentage gains you make are the same even if you can only afford say $1k now.