Bitcoin ATM

Social, economic and environmental issues in our ever-changing world.
User avatar
GordonH
Сварливий старий мерзотник
Posts: 39043
Joined: Oct 4th, 2008, 7:21 pm

Re: Bitcoin ATM

Post by GordonH »

Wonder how many people are kicking themselves (including myself) for not buying 5,000 bitcoin @ .008 = $40 (when it first came out in 2009)
Now that worth $21,565,500.
I don't give a damn whether people/posters like me or dislike me, I'm not on earth to win any popularity contests.
User avatar
forum
Guru
Posts: 6745
Joined: May 10th, 2011, 9:08 pm

Re: Bitcoin ATM

Post by forum »

GordonH wrote:Wonder how many people are kicking themselves (including myself) for not buying 5,000 bitcoin @ .008 = $40 (when it first came out in 2009)
Now that worth $21,565,500.


Not many. It was just an idea back then. Its not even too late now. Next evaluation is around the $7,000 mark.

The cost of entry is just a bit higher. :130:
LANDM
Walks on Forum Water
Posts: 11639
Joined: Sep 18th, 2009, 11:58 am

Re: Bitcoin ATM

Post by LANDM »

GordonH wrote:Wonder how many people are kicking themselves (including myself) for not buying 5,000 bitcoin @ .008 = $40 (when it first came out in 2009)
Now that worth $21,565,500.

But, how many would have held on to it the entire time. That's the tough part and is no different than any investment, especially highly speculative ones.
You and 71 others Like this post
User avatar
forum
Guru
Posts: 6745
Joined: May 10th, 2011, 9:08 pm

Re: Bitcoin ATM

Post by forum »

In another thread I suggested you invest in Litecoin, Ethereum, ripple. All have doubled in value since then. So an investment of only $50K, you'd have doubled your money.

You could have pocketed the $50K profit and still have the same amount of coins invested.

The future is bright, and cryptocurrencies are still in their early stages of growth.
Gixxer
Lord of the Board
Posts: 4858
Joined: Jul 26th, 2007, 8:24 am

Re: Bitcoin ATM

Post by Gixxer »

There's new ones popping up all the time. I recently bought 40 coins of BNB coin not sure where it will go.
User avatar
forum
Guru
Posts: 6745
Joined: May 10th, 2011, 9:08 pm

Re: Bitcoin ATM

Post by forum »

You definitely want to do your research on the coins.

I would stick to investing mostly in the titans: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.

If you have a look at https://coinmarketcap.com/ invest in the top 10.

Research and invest decisively in the 10 to 20

And go ahead and gamble you money on the cheap ones.
Gixxer
Lord of the Board
Posts: 4858
Joined: Jul 26th, 2007, 8:24 am

Re: Bitcoin ATM

Post by Gixxer »

Bitcoin at $9300

Argghh so regret not buying 1000 of them when I first learned about them in 2010.
User avatar
GordonH
Сварливий старий мерзотник
Posts: 39043
Joined: Oct 4th, 2008, 7:21 pm

Re: Bitcoin ATM

Post by GordonH »

Just think what a $100 investment when it was 1 cent would be today.
1 Bitcoin is at $21,489.22 Canadian

ouch is right
I don't give a damn whether people/posters like me or dislike me, I'm not on earth to win any popularity contests.
Dizzy1
Walks on Forum Water
Posts: 10778
Joined: Feb 12th, 2011, 1:56 pm

Re: Bitcoin ATM

Post by Dizzy1 »

I know a few people who've invested in this - but I don't know, there's just something not right about this.

https://www.cnbc.com/2017/12/08/where-w ... money.html

Like they say, if its too good to be true - it probably is.
Nobody wants to hear your opinion. They just want to hear their own opinion coming out of your mouth.
Gixxer
Lord of the Board
Posts: 4858
Joined: Jul 26th, 2007, 8:24 am

Re: Bitcoin ATM

Post by Gixxer »

Im still holding my 2.

Still kicking myself in the butt for not buying a $1000 worth back in 2010. That and trican stock when it dropped to 30 cents a share
User avatar
Woodenhead
Guru
Posts: 5190
Joined: Jun 2nd, 2009, 2:47 pm

Re: Bitcoin ATM

Post by Woodenhead »

heh, I remember losing a few hundred BTC due to the Mt. Gox debacle. (not mine, was a donation pool for running a website). Luckily, we didn't lose all of it, and the site carries on today largely due to the massive increase in BTC value. :up:
Your bias suits you.
User avatar
GordonH
Сварливий старий мерзотник
Posts: 39043
Joined: Oct 4th, 2008, 7:21 pm

Re: Bitcoin ATM

Post by GordonH »

GordonH wrote:Just think what a $100 investment when it was 1 cent would be today.
1 Bitcoin is at $21,489.22 Canadian

ouch is right


So $100 dollars investment back when Bitcoin was 1cent per/Bitcoin = 10,000 coins

10,000 × $21,489.20 = here is that ouch moment, now if you waited & sold them at that price $214,892,000
I don't give a damn whether people/posters like me or dislike me, I'm not on earth to win any popularity contests.
Gixxer
Lord of the Board
Posts: 4858
Joined: Jul 26th, 2007, 8:24 am

Re: Bitcoin ATM

Post by Gixxer »

When bitcoin first came out it was .08 cents. Im not sure but I dont think you could go out and buy them. A person would have to mine them.
User avatar
GordonH
Сварливий старий мерзотник
Posts: 39043
Joined: Oct 4th, 2008, 7:21 pm

Re: Bitcoin ATM

Post by GordonH »

Gixxer wrote:When bitcoin first came out it was .08 cents. Im not sure but I dont think you could go out and buy them. A person would have to mine them.


Oops my bad, so one mines for 10,000 bitcoins at a cost of $800 dollars instead of $100 dollars. It could be done, since 1 person was able to mine for 1 million bitcoins in the earliest days.
I don't give a damn whether people/posters like me or dislike me, I'm not on earth to win any popularity contests.
Gixxer
Lord of the Board
Posts: 4858
Joined: Jul 26th, 2007, 8:24 am

Re: Bitcoin ATM

Post by Gixxer »

Mining wasnt that easy, and it was at random. In the begining the blockchain algorithm was easier to solve, and a miner could get 25 bitcoins. As the blockchain became more difficult miners would have to pool together and split the 25 bitcoin reward.
Post Reply

Return to “Social Concerns”