07-31-2018, 12:49 PM
I remember when Bitcoin was $75
Back then there was a dude who got tired of losing money in silver so he bought Bitcoin right around that price.
Now he did become a Bitcoinillionaire and moved to south America, Costa Rica maybe
But to have 5000 even @ $75 would take $375k
There might be a very few early miners with that but I doubt there are more than a few, this was like 2011 ig so remember correctly, and then only a few tech people and end-thefedders who wanted to buy a city block with an ounce of silver afterr the crash even considered it...
Hindsight being 20/20, duhh, zero regulation is a ripe environment for gross mabipulation, should have kbown there would be blood in the streets (an investment term) but that to do so it would have to go from the price of a steak dinner date to the price of a new corolla, back down to the price of a mitsubishi mirage, down to the price of a 15 year old lexus and back up to the price of the mitsubishi... because of course the commodoty trader can't get fat without volatility
Back then there was a dude who got tired of losing money in silver so he bought Bitcoin right around that price.
Now he did become a Bitcoinillionaire and moved to south America, Costa Rica maybe
But to have 5000 even @ $75 would take $375k
There might be a very few early miners with that but I doubt there are more than a few, this was like 2011 ig so remember correctly, and then only a few tech people and end-thefedders who wanted to buy a city block with an ounce of silver afterr the crash even considered it...
Hindsight being 20/20, duhh, zero regulation is a ripe environment for gross mabipulation, should have kbown there would be blood in the streets (an investment term) but that to do so it would have to go from the price of a steak dinner date to the price of a new corolla, back down to the price of a mitsubishi mirage, down to the price of a 15 year old lexus and back up to the price of the mitsubishi... because of course the commodoty trader can't get fat without volatility
