If you bought $100 of Bitcoin 7 years ago, you'd be sitting on $75M now

cnbc.com

12 points·champagnepapi··5 comments

What about Ether? Does it makes sense to buy now and hold it, at $170+ ? Price is at all time high and most people on the web seem to be optimistic about its future (post-purchase rationalization?)

Pretty insane that the semi-famous "Bitcoin Pizza" would now valued at ~$22M.

https://www.forbes.com/sites/ericmack/2013/12/23/the-bitcoin...

if ifs and buts were candy and nuts, we'd all have a merry christmas

but buying Bitcoin was something anyone conceivably could have done had they merely followed the news (there were plenty of headlines about Bitcoin as early as 2011) and bought some in 2010-2013 and held, so the lotto analogy doesn't hold.

The news cycle really started once Bitcoin went over $1 but it was still limited to technical. I think the first mention of BTC was in 2010 on HN.

The first real bubble was the rise to around $50 and then fall to $2-3 in mid 2011. BTC started to get mass media attention then.

I know because I mined some coins (in a pool) in 2011 then stopped when the price dropped below my price of electricity.

So someone could have bought BTC for $2 in 2011 for a nice profit but not the insane one.

1000x is nothing to sneeze at but the real profits were made when it was just pennies in 2009-2010 and only crypto guys knew about BTC.

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