Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Vermont Lt

Nice....

Back in 2011 I had co worker trying to talk me into buying Bitcoin. At the time Bitcoin $3 a coin. I had a spare $5,000 I wanted to invest, and he told me to dump it into Bitcoin.

I did some research from the Wall Street Journal and other traditional investment places. They all said stay away from Bitcoin. It’s drug money, the silk road coin, and it could get you in to prison. So I was spooked by it.

I went back to my co-worker, and told him what I heard and he said it was crap.

Then when I asked him how much he paid for his Bitcoin on average, and he said he bought most of it for under $1. Every pay period he would though $100 at it. At the time, I said $3 a Bitcoin is too much.

I did ask him if he did not mine telling me how many coins he had purchased, and I remember it was like 25 or 30 thousand Bitcoins?

Then in 2014 he came by to say bye to me. I though he got laid off so I told hey I am sorry, and he said back I am not. So I though oh he got a new better paying job, and asked him about it. He told me he was retired, and age wise he was like in his late 20s/ early 30s. I laughed and said what did you invest in? He said remember Bitcoin?

I still ignored Bitcoin after that up until about the Summer of 2017 when it peaked my interest again. Been following it ever since.


65 posted on 02/28/2024 9:00:59 AM PST by Enlightened1
[ Post Reply | Private Reply | To 61 | View Replies ]


To: Enlightened1

It was about $3 when I started looking at it. It was a pain to buy at that time. You had to wire money to sketchy places. That was a big “no thanks.”

My first buy was $110.

My wife keeps telling me to stop thinking about what “could have been.”

I would have sold it at $10 if I got in at $3. LOL


72 posted on 02/28/2024 9:31:51 AM PST by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
[ Post Reply | Private Reply | To 65 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson