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<p>[QUOTE="Lesbian Cow, post: 3090594, member: 74735"]Oh no, is bitcoin dead yet again? Zoom out, hmmm, not so bad if you have at least a medium term investment horizon: <a href="https://imgur.com/Kma1yL1" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://imgur.com/Kma1yL1" rel="nofollow">https://imgur.com/Kma1yL1</a></p><p><br /></p><p>To be honest, you guys sound more like the get rich quick guys than the crypto kids....After gaining more than 1400% in 2017 alone did you think it would just keep going straight up?</p><p><br /></p><p>Let's do the math again on the original post:</p><p><br /></p><p>I understand the OP was an April Fools joke but the OP was April 1, 2013. BTC was approximately 100 usd / btc (<a href="https://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/#2a41cc6c4039" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/#2a41cc6c4039" rel="nofollow">https://www.forbes.com/sites/timoth...ated-history-of-bitcoin-crashes/#2a41cc6c4039</a>)</p><p><br /></p><p>Let's say the original poster of this thread just dipped his toes into btc and sold one ounce of gold and put the proceeds in bitcoin. Spot gold was 1,380 USD per ounce, so spot for spot OP would have 1380/100 = 13.8 btc at time of original post. Current value is 13.8 btc x 7415 usd = 102,327 USD. Now there was no guarantee that would work out, and there was definitely big risk he would lose his 1380 usd, and he could have panic sold 3 weeks later on the crash to 50. But if it was an amount he could afford to lose and he just tucked it away, oh my.</p><p><br /></p><p>The ounce of gold is worth a nice lunch less, so yeah....</p><p><br /></p><p>Edit to add: <a href="https://www.cointalk.com/threads/worry.316914/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/worry.316914/">https://www.cointalk.com/threads/worry.316914/</a></p><p><br /></p><p>That thread makes an interesting read after this one.[/QUOTE]</p><p><br /></p>
[QUOTE="Lesbian Cow, post: 3090594, member: 74735"]Oh no, is bitcoin dead yet again? Zoom out, hmmm, not so bad if you have at least a medium term investment horizon: [url]https://imgur.com/Kma1yL1[/url] To be honest, you guys sound more like the get rich quick guys than the crypto kids....After gaining more than 1400% in 2017 alone did you think it would just keep going straight up? Let's do the math again on the original post: I understand the OP was an April Fools joke but the OP was April 1, 2013. BTC was approximately 100 usd / btc ([URL='https://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/#2a41cc6c4039']https://www.forbes.com/sites/timoth...ated-history-of-bitcoin-crashes/#2a41cc6c4039[/URL]) Let's say the original poster of this thread just dipped his toes into btc and sold one ounce of gold and put the proceeds in bitcoin. Spot gold was 1,380 USD per ounce, so spot for spot OP would have 1380/100 = 13.8 btc at time of original post. Current value is 13.8 btc x 7415 usd = 102,327 USD. Now there was no guarantee that would work out, and there was definitely big risk he would lose his 1380 usd, and he could have panic sold 3 weeks later on the crash to 50. But if it was an amount he could afford to lose and he just tucked it away, oh my. The ounce of gold is worth a nice lunch less, so yeah.... Edit to add: [url]https://www.cointalk.com/threads/worry.316914/[/url] That thread makes an interesting read after this one.[/QUOTE]
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