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1k USD a decade or more would've netted no more than 20 bitcoin. Even at all high time of, let's say 70k USD, that would've gave you a maximum of 1.5 M USD befo
by unnouinceput 4y ago
1k USD a decade or more would've netted no more than 20 bitcoin. Even at all high time of, let's say 70k USD, that would've gave you a maximum of 1.5 M USD before taxes. Doubt any Caribbean island is anything less than 10 M USD, unless you buy one where you can only stand on one feet.
- FlyingAvatar 4y agoIf you go back less than 5 more years than that, it was less than $1. That's what he's talking about. Fell into the same trap myself. Thought about it as free money generation and not an investment. If I had just bought and held 10% of what I spent trying to generate BTC, I might not be on a private Caribbean Island, but I would be retiring a lot earlier.
- couchdb_ouchdb 4y agoYou can't do this to yourself. Once your combined Bitcoin hit 20-100K you probably would have sold. And you would have been smart.
- FlyingAvatar 4y agoFor sure, I cannot complain. There a plenty who lost money to create those crazy valuations, so I am definitely on the fortunate side of things.