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so you'd have bought about 1.3 million bitcoin There weren't even 1.3 million bitcoin in circulation at that point [1]. If you bought every bitcoin, you could
by cfinke 13y ago
so you'd have bought about 1.3 million bitcoin
There weren't even 1.3 million bitcoin in circulation at that point [1]. If you bought every bitcoin, you could have accumulated about 1.1 million BTC for $850.
[1] http://blockchain.info/charts/total-bitcoins?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= http://blockchain.info/charts/total-bitcoins?timespan=all&sh...
- antocv 13y agoWeird, and people are now paying close to that 850usd just for 1 coin. However, if someone had bought coints for even 100usd back in 2010 that would have been weird too and affected the network perhaps a little too negatively.
- eru 13y agoNot positively?
- Steko 13y agoI see claims like this all the time but it's important to realize that the price you can buy a small amount of something is generally the lowest price any seller will take, not a price all sellers will take.
- codebolt 13y agoThis holds for financial markets, but I can think of several examples where the opposite is true (i.e. bulk buying gets you a better price).