Topic: [2017-05-25]If you’d bought $1000 of Bitcoin in 2010, you’d be worth $35M (Read 7555 times)

It's pointless to look back at what you could or couldn't do better in the past. If I look at all the things that I could have done better, then I would likely have done the following --

Buy far more coins at sub $200 levels in 2015 and not sell any of them....
Continue buying Bitcoin all the way up to the $1000 level....
Buy certain altcoins at rock bottom levels....
Buy certain stocks that were dirt cheap a year ago....

And I could probably go on and on, but as I said, it's pointless. Main point of importance is that we don't have a crystal ball that allows us to look into the future to precisely prepare ourself for what has to come. Important is to be happy as long as you have made profits.

150  That's like a million dollars now. I wish i had that much, but knowing me, I would've sold like you.

In the last 2 days I watched the price go up like crazy and I didn't sell, now it's going back to the stable levels. This was a moment to make a deal of a lifetime, and it passed. Time to stack up on Bitcoin and wait for another one.

At that point in time you probably did not even need to spend that money you could have done faucets or to mine bitcoin and you could have gotten your coins, someone could have invested that amount if they really understood the technology, I'm not going to say I will have done it but maybe I would have invested 50 to 100 dollars which could be worth at this moment 3.5 million which is not bad.

I don't consider not investing in 2010 a loss because 1. I never heard of bitcoins so I never had a chance and 2. Even if I did hear of them I wouldn't have understood them or had to the to look into them so I never would have invested. 3. I had - money to my name so I wouldn't never had been able to invest anything.

I bought a bunch of bitcoins when it was around $400+ per bitcoin and this has been the best investment that I ever made. I am just sad that I

could not have bought more at the time, but life expenses happens and you have to sell some over time. The coins I did sell, was all over $1200,

so I am very happy with my returns.   ..... I was tempted to sell more at $ 2000, but I have a feeling I will regret it. We still have Black Friday

and many other days, when demand increase and the price goes up again.  

It's an incredible investment to have increased so much in the last years. But has many brought and left it for that long?

If I look at myself, I bought my first coins between $20-$25 in very early 2013. I at some point have had like 170BTC in total, but cashed out the major part in that exact same year. I remember that I started with nearly $5000 as initial capital. At that time I was just seeing Bitcoin as an investment opportunity. If I took the effort back then to directly read through Bitcoin's capabilities, I would have gone nuts on Bitcoin, with the result of me converting 50% of my wealth to Bitcoin.

nah the best investment was to buy Manhattan for a handful of beads from native indians back in the day 
sad part we cannot predict the future-me myself sold over 150 bitcoins at crap prices back in 2010

That is true, but why would you even buy $1,000 of bitcoins at that time? Unless you believed in it so much that you bought that much at the time. No one really predicted it would even reach this much back then. The saying goes, "fortune favors the bold."

Probably the best investment since the dawn of time.

I say that's incredible. Correct me if I'm wrong but that seems to be the best investment one could do in the last 7 years. I don't think there was a company or a product that raised this much in the last few years. Sad part is we all sold something. If you were there in 2010 you just had to sell a few times until now, I know I did.

If you’d bought $1000 of Bitcoin in 2010, you’d be worth $35M

The price of Bitcoin, the most popular the digital crytpo-currency, has skyrocketed this year.

According to Coindesk, bitcoins are currently trading for $2,483 per coin. The price is an all-time record, and the remarkable valuation blows earlier price spikes out of the water. Bitcoins have more than doubled since the beginning of 2017, when they hovered around $1,000 per coin. Bitcoin broke the $2,000-per-coin barrier on Saturday.

The run-up has led to increased interest in lesser-known digital currencies, like Etherium and Ripple. Ethereum, which is backed by large companies working on blockchain projects, has jumped in value from $8.24 at the beginning of the year to $203.30, according to CNBC. Ethereum prices began climbing in March, around the time when Bitcoin investors started "getting jittery" about whether Bitcoin software would be able to handle the increased level of transactions. Looking at the market capitalization for all cryptocurrencies, Techcrunch notes that Bitcoin now makes up just 47 percent of the total market value.

Guessing what's behind the price increase is inevitably speculative. CBS news quotes market watchers who think digital currency value is being pushed up by economic instability in places like Russia, Nigeria, and South Korea. At Fortune, Jeff John Roberts argues that the mainstreaming of Bitcoin means that "investors see it as a new asset class" and are backing hedge funds to acquire it. Regulators in Japan and China have taken steps recently to formalize trading in Bitcoins, which has increased investment from Asia.

Price run-ups like this lead to "if only" type of thinking. Marketwatch published one portfolio manager's "regret" chart, showing that an investment of $1,000 USD in Bitcoin in July 2010 would be worth more than $35 million today. A $1,000 investment in a fund tied to the S&P 500 index would be worth around $2,500.

The price of Bitcoin has been highly volatile over the years, and it hasn't just moved in one direction. Bitcoins jumped to nearly $1,000 each in late 2013, but then plummeted in value, taking more than three years to rise back to that price point. 2017 is certainly a heady year for Bitcoin fans, but whether the crypto-currency gains widespread acceptance or ends up more like the 17th century Dutch tulip bubble, remains to be seen.

https://arstechnica.com/tech-policy/2017/05/price-of-bitcoin-breaks-records-at-2400/