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You assume that early adopters still hold their Bitcoins. You are (mostly) wrong.
by adhoc32 6y ago
You assume that early adopters still hold their Bitcoins. You are (mostly) wrong.
- Arrath 6y agoHas anyone ever estimated how many btc might be locked up in early adopter wallets who have since lost the passwords or the hard drive, etc?
- deleted 6y ago[deleted]
- iso1210 6y agoThat number will only ever increase - bitcoin not only fails to grow in size with productivity and population, it actually shrinks. It's massively deflationary, which is a terrible thing for a currency.
- thedudeabides5 6y agoDepends on Satoshi.
- BiteCode_dev 6y agoI concur, I had 140 btc 10 years ago. Sold it all when it reached $800, which I though was peak. I doubt the guy who sold the 5000 btc pizzas still have them.
- iso1210 6y agoTake this guy https://mobile.twitter.com/GregSchoen/status/70261648811761665 https://mobile.twitter.com/GregSchoen/status/702616488117616... Who lamented making $400 instead of $13k back in 2011. Those coins would today be worth about $95m, but there's no way he'd have kept them -- same as the buy who bought the pizzas (or the guy who sold them) This guy was bored of $14/coin, it wasn't moving https://twitter.com/rockerest/status/91885405368098816?lang=en https://twitter.com/rockerest/status/91885405368098816?lang=... So he took the loss (in July 2011 they were at a peak, jumping from 77 cents to $15 in 3 months) Had someone found an old laptop with the coins, they'd have been looking for it in the 2017 craze (ala Big Bang Theory) and sold then. Bitcoin is currently 3 times the peak in December 2017.