4 ms·
$100 of AMZN stock in 2001 is worth about $9,000 today. Investing is easy if you have a time machine or can predict the future.
by justinsaccount 10y ago
$100 of AMZN stock in 2001 is worth about $9,000 today.
Investing is easy if you have a time machine or can predict the future.
- tboyd47 10y agoYeah, and $100 of Bitcoin in 2011 is worth $100,000 today. But like you said, you have to know the future to only invest in wild successes.
- fdsafEWSFSDFSDF 10y agoOr you could be a curious nerd like me who bought coins on IRC at 3$ a pop trying to figure out what the hell this new thing is. A problem for me now is what the hell to do with all these coins since I am fairly sure i would lose half in taxes (Capital gains, Ireland), and I doubt exchanges would accept "I bought them #bitcoin-otc back in the day" as a valid source of funds and not report me to authorities. On bright side can go mad shopping on Amazon and holidaying via Expedia
- ISL 10y agoIf the coins were bought and held, the history for the wallet will provide concise backup for your acquisition story.
- matt_wulfeck 10y agoSince you look like a throwaway, how much much is your stake worth? How do you actually spend it?
- jlgaddis 10y agoI've wondered about just that. I bought $11,000 USD worth of BTC (in cash, at a local bar) when it was at $7. I thought I was extremely lucky when I sold them not too long after at $30. If only I had held onto them I would be dealing with the same issue you are (although, arguably, it's a nice problem to have).
- hackermailman 10y agoUse them to start a business, then you can dump the coins into the business and not have to pay personal income tax. Otherwise all other schemes just lead to tax evasion unless you cash some out via localbitcoins.com while on holiday. In Thailand my friends "bank" is a service that converts his bitcoin wallet to ATM codes to withdraw without a card.