Guy bought $100 worth of Bitcoin in 2010

[FSP]

I'm waiting for this bubble to burst..





























I've been saying that for over a year and now it's gone from 600$ to over 11000$

:Waraabe::Kendrick::Coleworld::Fetal:

I was thinking

There might not be a bubble at all. As long as you can sell fractions of coins the currency can expand and contract to meet its own demand. It's not like traditional money in that way.

Does that make sense. I'm a total newb. But i feel like it makes sense

 

[Arithmetic]

That sounds like a plan family I'm all in the Ripple cryptocurrency is being sold at $0.28 right now we can do with everyone that commenting on this thread

Ripple has too much supply. It will take a ton of demand to move it.

 

[Karb]

I literally missed an opportunity to build some serious wealth

My boy put me on more than a year ago.

I even mined some Ethereum coins when they were like 12$ a piece (didn't really believe in them tbh), now they're at 600$.

Lost my password and keyfile tho


I think I had like 4 coins in my wallet





















Hold me brehs

 

[FSP]

I literally missed an opportunity to build some serious wealth

My boy put me on more than a year ago.

I even mined some Ethereum coins when they were like 12$ a piece (didn't really believe in them tbh), now they're at 600$.

Lost my password and keyfile tho


I think I had like 4 coins in my wallet





















Hold me brehs

We're still gonna make it breh

I'm pretty fukking pissed i didnt get on litecoin when they were a whopping $3 per coin earlier this year...sigh.

 

[Roid Jones]

I lost hard body, I should have jumped on this years ago

 

[mr heyzel]

This thread needs to be sticky UCoinCash and CryptoXchanger are decent gambles for those looking for a low-cost way into crypto. Both are ICO coins for around $2.

 

[mr heyzel]

Add those to the cryptocurrency list^^

 

[RammerJammer]

Goddammit man, could've hopped on the wave back in 2010

 

[JLova]

I feel bad just knowing about Bitcoin years ago and being to naive to invest into it.
Dude probably on suicide watch

I heard about it years ago and was like

Joke is on me I guess.

 

[mr heyzel]

Alright fam I'm trying to make my first purchase in Ripple what online services do y'all use

 

[mr heyzel]

Bitcoin hits new high above $11,500 as the Winklevoss twins become the first bitcoin billionaires

Oscar Williams-Grut
Business Insider3 December 2017


" data-reactid="27" style="margin-top: 0.8em;">

• Bitcoin hit a new high of $US11,826.76 per coin on Sunday, according to Markets Insider data.
• Bitcoin's meteoric recent rise means Winklevoss twins' $US11 million bet on the cryptocurrency in 2011 is now worth over $US1 billion.

LONDON - Bitcoin is back to its winning ways, posting a new record high on Sunday.




Bitcoin
Bitcoin's rise comes amid continued interest in the digital currency from both ordinary investors and institutions. Last week it emerged that exchange operator Nasdaq could follow rival CME Group in launching bitcoin future contracts next year, a sign that professional investors are increasingly taking the asset seriously.

 

[mr heyzel]

My $200,000 bitcoin odyssey

Zach Hines
Engadget5 December 2017

• 
• 
• 

1 / 4
My $200,000 bitcoin odyssey


This was not what I expected to be doing with my October. But there I was, on a flight to Hong Kong, hoping I would be able to retrieve $200,000 worth of bitcoin from a broken laptop.

Four years ago, I was living in Hong Kong when a fellow journalist named Mike* and I decided to invest in bitcoin. I bought four while Mike went in for 40; I spent about $2,000 while he put in $15,000. At the time, it seemed super speculative, but over the years, bitcoin surged and Mike seemed downright prescient. I had since relocated to Los Angeles and had been texting Mike about the 2,000 percent rise in our investment.

*Name changed for anonymity.

do still have those bitcoins right?" That's when he broke it to me: "Maybe not ..."" data-reactid="61" style="margin-top: 0.8em;">Strangely, I wasn't getting much of a response from him. He had 10 times as many bitcoins as I did -- shouldn't he at least have been excited? Finally, when the price of one bitcoin broke $4,000 this summer, I sent him this message: "You do still have those bitcoins right?" That's when he broke it to me: "Maybe not ..."

Here's what happened: At some point in 2013, Mike had rightfully become concerned about security. He initially kept his coins in an exchange called LocalBitcoins. Exchanges are commonly used to buy and sell cryptocurrency, but you shouldn't keep your coins there. The most infamous bitcoin scandal to date was when Mt. Gox, an exchange based in Japan, lost 850,000 of its users' bitcoins.

Exchanges can also suddenly close, as some did in China this year when the Chinese government suddenly made them illegal. Any serious cryptocurrency investor will tell you that your coins are best kept in "cold storage" (an offline hardware wallet). That's what I'd done with mine, but Mike hadn't gone that far three years ago when he started thinking about security. Instead, he set up a software wallet. It was a good step, but he would soon learn, it was not foolproof.

 

[Hijo de luna]

Sitting in my cube pondering. If I owned 100 bitcoins my life would not dramatically change. I would be a fool to cash out just to quit my job and do nothing. It would be silly to cash out to buy any luxuries(house or car). That $60k car will be worth $10k in a few years meanwhile the 6 btc I paid for it could be worth $300k. I guess thats why they call long term investments "securities."