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<p>[QUOTE="Lesbian Cow, post: 3172033, member: 74735"]Hello everyone! I see the convesation got all kinds of sidetracked with politics and other nonsense Quick update:</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 6734 usd = 92,929 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 currently worth 1,206 usd[/QUOTE]</p><p><br /></p>
[QUOTE="Lesbian Cow, post: 3172033, member: 74735"]Hello everyone! I see the convesation got all kinds of sidetracked with politics and other nonsense Quick update: 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 6734 usd = 92,929 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 currently worth 1,206 usd[/QUOTE]
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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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