220 coins is about 22m usd today. the guys with 'vintage' btc and held, are smart. they won't be posting about their gains online.
this post was submitted on 01 Feb 2025
511 points (97.2% liked)
Greentext
4946 readers
1238 users here now
This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.
Be warned:
- Anon is often crazy.
- Anon is often depressed.
- Anon frequently shares thoughts that are immature, offensive, or incomprehensible.
If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.
founded 1 year ago
MODERATORS
I was around /g/ during all of this and i thought about mining, did the math and decided not to. I was pretty broke at the time tbf.
Ya, I saw an article when Bitcoin was very new, like 10 cents each, and it said Bitcoin was stupid as a currency because there is a limited number of it and it will only increase in value which will cause people to horde it making it not valuable as a currency. They were kinda right tbf, it's not a good currency.
I decided not to mine it because it would have cost as much in electricity as it was worth and the only thing I could buy were drugs which I don't use.
My friend tried to convince me to get into bitcoin early and I didn't bother, I thought it was just a fad, like my mom "investing" in Beanie Babies.
He spent all his on drugs before the price took off though. ¯\_(ツ)_/¯
The problem with statements like "If you invested in Bitcoin back in 2009 you'd be rich now" is that you'd have to be clairvoyant to actually know that back then. And if you're clairvoyant, the lottery offers a better return on investment than bitcoin.
In fact saying stuff like this is literally like seeing the winning lottery numbers on the telly and thinking, if only I played those numbers two days ago.
Hm wat? It's obvious that something useful and scarce will always go up against money a central bank can create out of thin air.
load more comments
(7 replies)
I'm not sure which meaning of "drug" makes it worse
Still no clue why it’s so popular while my beanie babies languish. Can’t you use beanie babies to buy drugs? Please?
I had a cowoker who used to mine bitcoins back then. He said that it was a fun hobby but when he was moving to California he didn't think he would be able to make enough money to justify the higher electrical bill.
He was making about $60 a month farming Bitcoin, when it was $0.30 a piece. Had he kept just a month's worth of that, it would be worth $20.5 million dollars.
I used to mine them with cpu / GPU.
I bought a bottle of Jim beam for 25 BTC lol.
Just did the math. That's $2.5 million today. Oooof