4 ms·
Between now and the event horizon, there may be considerable opportunity. I mined some bitcoin in the early days, when you could solo-mine for a week or so and
by bmelton 9y ago
Between now and the event horizon, there may be considerable opportunity.
I mined some bitcoin in the early days, when you could solo-mine for a week or so and net coins. I had a handful of coins that I cashed out for less than $100, because I didn't like Bitcoin as a long-term investment. If I'd sold half, I'd have made a tidy profit off the sale of the first half, with another handful of coins that, even if they tanked, I'm still in the black. But, if they go to some ridiculous number, like $10,000, I'm substantially better off.
Needless to say, I didn't save half, but even for people buying in now (I'm not), could end up doing well, even if the trajectory of BTC is $15k, $20k, $45k, $0, Of course, if the trajectory is $15k, $10k, $5k, $0, they'll be shit out of luck.