If You Had Bought Crypto – How rich would you be if you invested in Crypto?
ifyouhadboughtcrypto.com
If You Had Bought Crypto – How rich would you be if you invested in Crypto?
1–10 of 36 posts
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#2meta -- But there's more to cryptography than cryptocurrency.
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#3This is fun but also pointless. There’s no guarantee you would have made any money. And the model assumes that you’d buy and hold this whole time.
So if you’re looking at this and beating yourself up...don’t.
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#4This is an interesting but dangerous thought experiment, like all of the other instances where you ponder what would have happened if only you had picked the right investment and timed the market right.
If there is a lesson to be learned about reading the markets, learn it, but don't dwell on the money you didn't make because it can cloud your judgement next time.
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#5There is a common misconception amongst people holding stocks, crypto coins and other investments: that they equate to cash. You would not be rich if you had invested in Crypto, you would be rich if you had invested in crypto and had successfully liquidated your position.
That second bit is the hard part when you have a large volume of something since the liquidation tends to depress the price.
And in the world of Bitcoin you might end up with nothing if the exchange accidentally loses your loot (chance of which goes up as you have more money outstanding).
So any realistic scheme dealing with the liquidation of such an amount of crypto coins would be to spread out the sale over a longer period of time in small amounts to be taken back out.
Which makes me wonder how much the largest successful one-shot liquidation anybody on HN has ever done and how they did it?
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#6Beautiful site, nicely done.
I do personally know a lot of people in San Francisco who had bought bitcoins when it was fractions of pennies. Some lost all of it in the MT GOX hack / bankruptcy, and most others sold what they had off after that incident.
Just 1 guy, my boxing trainer, held on to the bitcoin 1 of my friends paid him with, for Personal Training. In his case also it was about 300$ worth of bitcoin paid to him in 2013, and it was more like he forgot he even had it, and then all of a sudden, last month, he realized it was now worth 20,000-ish and sold it all off and 'invested' it back into Litecoin and Etherium. 2 days after he bought Litecoin, Coinbase froze all trading of Litecoin on their platform.
The funny thing about this is that the friend who paid my trainer worked for a Bitcoin startup and had 1000s of bitcoins. He sold it all off in 2015. Didn't even keep 1 coin. If he had held on to it, he'd have had about 20 million USD worth of bitcoin today.
So the site should really be https://ifyouhadboughtcryptoandarestillholdingontoit.com :)
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#7This is fun but also pointless. There’s no guarantee you would have made any money. And the model assumes that you’d buy and hold this whole time. So if you’re looking at this and beating yourself up...don’t.
Right. I know about a dozen people who had a lot of bitcoins back in 2011 / 12 timeframe. None of them held on to it and are beating themselves up now.
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#8[deleted]
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#9Fuck Mt. Gox. I would have 7 btc
Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?
#10"If you had played these lottery numbers last year - how rich would you be?"