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If You Had Bought Crypto – How rich would you be if you invested in Crypto?

ifyouhadboughtcrypto.com

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Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?

#21

Post by etr-strike »

ucha wrote: post #16
jacquesm wrote: post #5

There 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 Bi…

To put it in perspective, the daily volume in BTC is a few 100,000s. 5-600'000 BTC is $10B. Sure the Winklevoss twins can't liquidate their entire holding in a week but if you only have a few million dollars worth of bitcoin, you can liquidate in a few days without moving the price significantly. The other major crypto-currencies are more or less liquid in proportion to their market cap.

Not sure what you’re measuring... gdax alone averages around 25k btc traded per day. At today’s price that’s 450mil usd

Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?

#22

Post by AETackaberry »

mmastrac wrote: post #10

"If you had played these lottery numbers last year - how rich would you be?"

Seriously...why do people love articles like this? Why not just sum them all up into one big article, "What if you had a time machine"

Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?

#23

Post by koolba »

sowbug wrote: post #12

Usability suggestion: tapping one of the icons at the top should change the drop-down to that currency. Also I'll echo others' comments that cryptocurrencies are hijacking the word "crypto," which most definitely does not mean "cryptocurrency" to the crypto community.

It's hijacked the word "coin" too.

Gone are thoughts of the halcyon days of arcades. Now it's just get rich quick schemes and #ad.

Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?

#24

Post by wink »

jacquesm wrote: post #5

There 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 Bi…

True, but it's still a nice "what if" for small amounts of currency.

I wrote down my first bitcoin wallet address in May 2011 and revisited my noted in mid-2013. I had the real intention of investing the unimaginable amount of 20$ (insert Dr Evil Meme) - but I gave up after a bit of research because it was too complicated to get some.

The calculator tells me I could've earned 11460 Bottles of Budweiser (or hopefully 10k of real beer) - but I'd almost 100% had sold off everything at 1-4k per BTC.

The only cryptocurrency I managed to buy is DOGE. Too bad it didn't really increase by more than 20% in the ~2 years I held it. But hey, still ONE free beer if I sell all of it now ;)

Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?

#25

Post by benjohnson »

I'd still be broke:

If I was was the type of person that invested in Crypto, I would have also "invested" in all the other fads: lottery-tickets, slot machines, ostrich farming, classic cars, overpriced college degrees, Flooz.com, and Gold right at the top of the bubble.

Edited: spelling per the helpful editor below.

Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?

#26

Post by natalyarostova »

benjohnson wrote: post #25

I'd still be broke: If I was was the type of person that invested in Crypto, I would have also "invested" in all the other fads: lottery-tickets, slot machines, ostrich farming, classic cars, overpriced college degrees, Flooz.com, and Gold right at the top of the bubble. Edited: spelling per the helpful editor below.

A good collage degree should only be $10 or so, it's not that hard to cut/paste pictures together.

Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?

#29

Post by AJ007 »

justboxing wrote: post #6

Beautiful 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 t…

I offered to pay my contractors in bitcoin years ago and no one was interested.

I told my friends they should by it, no one did, until this year. Some of them managed to do brilliant things like actively buy and sell yet not make a penny. This is like Howard Marks describing day trading as making $3 when the price went up $30.

While I'm optimistic about Bitcoin, no one can defend the value of barely functional, abandoned, and centralized altcoins. This is completely out of control. It is a commodities trading video game where the underlying assets are completely imaginary. The bad altcoins will be worth absolutely nothing at the end, much like the dot com bubble. The real estate bubble was kinder, sans leverage.

Re: If You Had Bought Crypto – How rich would you be if you invested in Crypto?

#30

Post by letsjaam »

justboxing wrote: post #6

Beautiful 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 t…

Thanks for the comment. Maybe we'll snap up that domain too...

The site was born out of years of talking about investing in Bitcoin and a failed attempt at mining them in late 2013. All the 'what-ifs'.

Hopefully people who didn't invest and those that mined early and got out can have a little laugh (or cry) inside. It's just a bit of fun.

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