ROFL!
Posted on 11/07/2023 6:12:21 AM PST by Enlightened1
| BTC Price | Gold Price | Todays value from $1 invested | |
| Buy 1 yr ago | $20930 | $1674 | Bitcoin: $1.67 | Gold: $1.19 |
| Buy 2 yrs ago | $61490 | $1802 | Bitcoin: $0.57 | Gold: $1.10 |
| Buy 3 yrs ago | $15550 | $1941 | Bitcoin: $2.25 | Gold: $1.02 |
| Buy 4 yrs ago | $9357 | $1486 | Bitcoin: $3.74 | Gold: $1.34 |
| Buy 5 yrs ago | $6455 | $1232 | Bitcoin: $5.43 | Gold: $1.61 |
| Buy 6 yrs ago | $6960 | $1271 | Bitcoin: $5.03 | Gold: $1.56 |
| Buy 7 yrs ago | $716.3 | $1303 | Bitcoin: $48.91 | Gold: $1.52 |
| Buy 8 yrs ago | $374.4 | $1089 | Bitcoin: $93.56 | Gold: $1.82 |
| Buy 9 yrs ago | $349.9 | $1145 | Bitcoin: $100.12 | Gold: $1.73 |
| Buy 10 yrs ago | $263.4 | $1319 | Bitcoin: $133.01 | Gold: $1.50 |
| Buy 11 yrs ago | $10.83 | $1691 | Bitcoin: $3,234.24 | Gold: $1.17 |
| Buy 12 yrs ago | $2.960 | $1749 | Bitcoin: $11,836.26 | Gold: $1.13 |
| Buy 13 yrs ago | $0.3800 | $1396 | Bitcoin: $92,191.17 | Gold: $1.42 |
| Buy 14 yrs ago | $0.001306 | $1097 | Bitcoin: $26,820,687.29 | Gold: $1.81 |
So that’s the thing about any investment or currency… can you turn it into something you need later (like other currencies to pay debt, or a hard good, or food, or other supply)?
Whether stock or gold or crypto if the answer was “yes” when you wanted it, good deal. If “no” then look out.
Bitcoin needs six nodes to keep working. World wide that is not a heavy lift.
There is no tangible assets to sell if bitcoin goes under, is there?
Yeah, but you actually real world experience with Bitcoin. Most of the Bitcoin critics have zero knowledge and are just mouthing off trying to be clever (but just showing their ignorance).
one overarching reality needs to be considered here...when the SHTF, can digital money be as easily traded as hard currency? only you can decide that. no one in their right mind is going to trade bullets or blue jeans for bitcoin.
SBF is a patsy. He barely understood it and would play video games while being interviewed.
Check out his parents who are big in the Democrat party. That’s where it most likely came from, and they used their kid as cover.
Good luck with that. Haha
Haha!
That’s great!
Good grief you must be doing very well.
Bitcoin is only one or two convictions away from being worth $5 each.
“Internet turned off: Bitcoin $0. Gold $1.91”
EMP?
The Internet’s collapse would be a catastrophe of biblical proportions; so gold would be way higher as an intrinsic store of value.
Huh?
That’s easy to do. You just cash it out at an Exchange like Coinbase.
Bitcoin is not a company.
So I guess that’s someone trying to capitalize on ignorance. Haha!
Meaningless comparison. Gold is a store of value, it isn’t an investment or a growth asset and isn’t meant to be. You might as well compare buying bitcoin to buying seeds.
Even setting that aside, sure, if you were lucky enough to buy bitcoin (as opposed to all the other snake-oil crap you could have bought) then you would have made a lot of money. Any valuable asset looks smart in hindsight.
It is indeed bizarre that 15 years later, no one knows who "Satoshi Nakamoto" is, or if even its a single person.
Even stranger, "Satoshi" kept for himself over 1 million bitcoin, which have never been touched or moved. "He" would have been the wealthiest man in the world a couple years ago and would still be among top 10 now - yet he has never spent a penny, bought a yacht, dated a Hollywood actress, donated to a politician, or any of the other things humans with money are prone to do.
People should be questioning these things.
According to DHS they know who created Bitcoin and it’s not Satoshi. That’s just a made up name. It’s 4 guys out of California.
Many people suspect it’s Hal Finney. The other 3 suspects are debatable. Hal passed away in 2014 because he was sick. Although I think the other 3 were still working together. The 3 would Jed McCaleb (check out his story), and who does he look like. The other 2 being Arthur Britto and David Schwartz.
Sotoshi is most likely a made up name. David Schwartz (aka Joel Katz) worked at the NSA. Ditto Max Keiser who pushes Bitcoin in the Media.
I got out of crypto when the IRS started treating it as a security. I did not take much of a hit after that because the price had started leveling out.
Lead is my primary investment, except for my 401(k). I did pretty well in crypto, but there are probably so many back doors and trackers that the value of crypto as an anonymous electronic money is an illusion.
We know nothing, that’s for certain.
If I had been the creator and I was a recluse, I would have cashed out when it hit billions in worth and bought an island that was somewhat difficult to get to and live my lonely life.
I believe that it’s either a creation of the CIA or billionaires or the WEF, perhaps, they created this marketed this and exchanged this digital wealth for real wealth and cashed out. Or perhaps cash out very soon.
Business principles teach to take back your initial investment on your business, so it isn’t a loss if you lose your business. Once they’ve sold the very last bitcoin, mathematically speaking, they can crash it and they don’t lose a thing because they’ve exchanged the bitcoin for more tangible forms of wealth.
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