Topic: Buy BTC sold for 16 BTC-1 mil USD - page 2. (Read 1621 times)

Hmm make sense... something  like a  virtual  collection to physical collection.
The randomness(by selection or distribution) and surprise could be made virtual then the physical  collection could be packed and distributed  each  with a collection  ID .... I don't  know if I'm  on point  here.

Rich people really do not know how to spend their money, I mean why would you want to buy something like this? I get that it's bitcoin history, but it is not even that much of a big history of bitcoin at all. In fact, I would say that buying this for a million dollars is a bigger history of bitcoin then the paper itself, doesn't really make sense to me that it would be something this big and I would say anything more than one bitcoin is way too much for this.

I am not saying that I would pay that much, I know that it won't and the resell value of this is nothing, I am just saying even if I had billions, the most I would pay for this would be just one bitcoin and nothing more than that, it doesn't really make sense otherwise.

I will say it depends on how much amount of BTC or the quantity of Bitcoin and investor was able to stack or store for a Long period of time that will determine how much profit he could make . Bitcoin investment is best profitable in the future. When an investor don't have a good stash of Bitcoin in his portfolio even if he was able to hodl for long I think that is when the profit gotten with be enough. So most investor aim is to gather a good quantities of Bitcoin and hodl for longer period of time before thinking of taken the profit.

I think the contribution of certain historical moments to the present and the future is mixed with opportunities, especially investment opportunities and inspiration. These are the moments that inspired Bitcoin evolution and its massive market today and in the future. Actually 16 Bitcoin seems like a lot but of course there could be many factors behind it. It is not just a piece of paper it is one of the historical moments which I am pretty sure will increase in value in the future. The significance of this can certainly help provide investors with insight to better navigate large assets like Bitcoin.

Random distribution would play an Important role in the game, so that getting unique nfts would be based on luck but I think it also needs a well functional marketplace for those nfts to be traded, and that was one major challenge that Axie Infinity faced, they has to depend on a inflow of new comers for their system to be fully functional.

Anyway I think the world of NFTs and gaming us still under development and not too long we would have a very cool game where people could earn or mint nfts and earn cool cash.

Ah cool never seen before...


But I do think a game or something like it could create a collectible kind of world were people could be in for...

it just need some random distribution etc

So far so good, in the little knowledge I have gathered, I don't think this is just about attraction, remember that I have said it earlier that the rich thinks differently from an average person, so in this case, is either they sees opportunities that we aren't seeing right now or they just want to flex their financial muscle just to show off, and in doing so, they are very much confident that they wouldn't run loss, because if they feel it's no longer beneficial to them, they just sell it off to another guy crazy fellow, just to recover back their money.

And another thing that we just need to know is that the rich mostly care of their happiness, not how much they are actually spending, because having money is just a normal thing to them, so they don't rate money that much the way an average person does, so in essence of all this is that they are either doing it for their happiness, ego or they sees opportunities that we are not seeing now, so it definitely boils down to any of these.

I think this was not the only logo bitcoin has used according to research bitcoin also use another logo before the new logo was used and this was it.


To learn more about bitcoin logo history you can click here to learn more The Bitcoin Logo: Backstory and Symbolism do you know that the current bitcoin logo we use today was designed by a forum user nickname Bitboy who redisigned the formal logo to the latest one we all are using today and was used by Satoshi Nakamoto.

Something like this already exists, in the early history of play to earn games many companies used this model for thier games, I did some research and one that best fits what you described here would be Axie Infinity,

 In the game Players collect and mint non-fungible tokens (NFTs) which represent axolotl-inspired digital pets known as Axies.These creatures can be bred and battled with each other within the game.Sky Mavis charges a 4.25% fee to players when they trade Axies on its marketplace. I can't go into much details about them but this is a link to read yourself https://en.m.wikipedia.org/wiki/Axie_Infinity.

They had an estimate of over 2.5 million active daily players.

Although this company later faced series of loses from hackers losing a whiping fortune of 620 million $ to a hacking group named Lazarus group, I really feel bad cause a lot of people were already adopting it as a side hustle to make money, it was very lucrative and intresting to play at once, although i never tried it myself.

I guess I should put in a picture

As an average man I would always buy things that I have passion for as long as I can afford it. I wouldn't blame kylian Mbappe for Spending such a huge amount of  money for a drawing, the painting remind him of an old friend that he honors so much.  Sometimes I don't blame the rich folks the way they spend their money,what's is the essence for been rich and wealthy if you can't spend extravagantly  for things you love and desire to have.

It’s obvious people get attracted to what they love and want but I don’t see myself spending a huge amount buying what’s not valuable or what will not yield profit within a long period of time. Let’s just say wealthy people will buy without looking at the price tag or the value but we should not expect everyone to do same like buying a low value stuff with a huge amount of money.

In the future more painting and more artwork from Bitcoin will certainly come up and people will spend reasonable amount of money in just having it for themselves. The other day, kylian Mbappé spent a whooping sum of £520,000 for a painting of king pele of Brazil. https://www.getfootballnewsfrance.com/2024/kylian-mbappe-spends-e520000-on-a-painting-of-pele/
As time goes on, people will always spend good amount of money for something they have passion for or can identify their passion with. You and I can actually put up a nice painting of Bitcoin logo that can be eye capturing with all the aesthetics, and we decide to auction it online for people to bid for it, don't be surprised we will see somebody that will be ready to spend a fortune just to get that piece of artwork in his house.

I think in Digital art it just needs to separate it selves from the just ordinary dumb drawing images...

For example some kind of art work with a kind of utility like a brand new Pokemon card game with a decentralised distribution of card selling.
if someone would be able setting up an online shop code created with the same kind of RL cards... just the booster boxes, card packages but where no one knows which card are in the packs. When someone buys it its a surprise for everyone what comes out. Then creating a kind of space where we can play/fight with those cards and winning other peoples card or winning some points or a which can be valuable for something else... or By winning making the card more unique as it was before increasing its value or ...... Just an example ...
But main thing is each packet bought must be unknown whats in it and every card has its unique code for its owner, I mean many ways to set something up. but it must be flawless and perfectly worked out to separate it selves and to be unique. Not that it must be pokemon, just an idea of something that could create an online value space for some NFT-online Art kinda thing.

I never seen this Btc logo before but the design is very beautiful,thanks for sharing it here.

This logo was first implemented in the past, but now the logo has been re-designed to become the current Bitcoin logo. But it will be more beautiful in the future and those who hold Bitcoin will own the most valuable assets. Because we usually see the price of the 2025 bull market that those who haven't held Bitcoin will be shocked.

The main reason I thought this could be a thign, just like this incident where someone decided that a piece of paper written buy bitcoin from years ago meant something to him and would love pay huge amount for that peice, just same way some might see this bitcoin logo as an art worth having and I wouldn't be surprised.

But since it was not a physical part of the history of bitcoin then it could be remade as an NTF and that way some rich collector would go carry about it, the design and maybe adding more art to it might add some extra new meaning and make it priced more.

Just too much of it especially for NFTs
I've been thinking about what could be next highly  priced items
Maybe an Art of  the first commercial  transaction  that made btc well known till today.... The Pizza BTC art could  be made in a dynamic way  

You are correct in what you have said. Most rich people work so hard these days to make sure that their children's names are popular in the future. That's why they send them to most of the highest and most popular schools in the world. However, some folks spend money on themselves and their family just to make sure that they get everything they want. And most celebrities today use their influence to sponsor others that are upcoming. From this I wouldn't doubt that most people that invested big money in Bitcoin do it for history to know their name (e.g). For the dude named Lazio who bought pizza for about 10,000 BTC. His name spread all over the world. People that have read some histories know his name.


As this is concerned, it's possible for anything to be a NON-FUNGIBLE TOKEN, so maybe the dude who bought the paper with the sum of $1,000,000 didn't know that one million dollars could buy him something that's more valuable than just a piece of paper. IMO, It might be the paper he bought means something to him, but since the paper is not a good store of value it isn't worth such an amount of money, 16 BTC is not just a word, it's something valuable. People that don't have the money are struggling to achieve just 1 BTC (although this is the difference between the rich and the poor).

Thx … learning something again… been involved long in the bitcoin space and didn’t knew that logo thx

But still an NFT will always have a dicy side … that market will have to figure out there prices first before they come to there true value

I do believe there can be a market for it and people collecting etc
But at this time there is to much crap being created and to many collections of just some dumb shit etc

But at some point there will maybe be very unique things with a value and purpose…

It could well be an investment because it can also be sold in an auction sometime in the future, and if bitcoin keeps growing and developing at this pace, then it would definitely be sold for a whole lot more in the future.

That is one way to look at it, another way is that people who can afford this sort of expensive, rare and unique piece of history, wouldn't be acquiring it for the profit they can make in the future, and come to think of it, they are already so wealthy and have so many different investments, thus collectibles like this is basically for their pleasure, but not so much for the original owner, who had to monetize it and make good money for what he did.