Topic: Buy BTC sold for 16 BTC-1 mil USD - page 3. (Read 2038 times)

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.

Auctioning allows inflow of clever and intelligent people in a system, productive minds approach any price drop or action as an opportunity to dive into a system and in so doing there is this kind of force that they bring into the investwment terain, most times they are after purchasing at they lower price first before figuring out a way to make the investemnt a valuable asset, lets not forget that people never expected bitcoin to be valued as much as it is now, many people has the oppotunity to own some bitcoin for free but because of the  reluctancy and doubtful attitude they couldn't grab such opportunity, ordinarily investment pushups will be due to the interest of the people, soon this paper might be another valueable investment, Bitcoin was called all sort of names, here we are today Bitcoin is the most valued money both in digital and note currency.

I've looked into it and I did some research, that's not the way that money laundering works

'Overvaluing or undervaluing artworks, using intermediaries for transactions, creating false provenances, or rapidly trading artworks to create a confusing trail of transactions'

, it's has to be something of value at least worth the amount that they want to buy it for, then they would have a line if buyers that they woud sell over and over again to leave little trace and then the final buyer that would give them their money, if anyone thought of doing that then it must be some long term plan.

You can read more about how arts are used for money laundering here.
https://alessa.com/blog/art-money-laundering-explained/#:~:text=Art%20world%20money%20laundering%20employs,a%20confusing%20trail%20of%20transactions.

I was thinking, you know bitcoin has an original logo before someone else designed this new logo anonymously, you can check that out in bitcoin history.

The original logo was BC engraved on a coin.



But i think it would be best as an overpriced Nft

What do you think?



I hardly think this was used for money laundering, no money laundering would buy an under valued piece of art if his intention was to sell it back unless there was already a plan between him and the seller to in some way get his money back behind the sence after the deal is done.

This is a mere piece of paper just written buy bitcoin on it and someone payed millions for it, the whole senerio looks more like a flaunting or showing off of money than some set up stuff, so I would disagree with you.

In crypto-BTC related stuff i'm curious which will be the next highly priced items (only the exectional stuff) if something comes up you can always share it here...

I agree with you, sometimes we just view thigns from our perspective and conclude at our level, I won't be surprised to find out that the persons that bought the paper hardly felt less rich after spending such amount that an average person wouldn't dare to spend on a piece of paper and most folks would say they would never do that but you can never tell since your not that rich, it's just like saying I'll never spend a million dollar on a car but there are people who said that and when they got wealthy they still did, so I like to view this more like someone flaunting his money on something he values and thinks is worth spending his millions for, and we can agree that value is relative to individual perception, i might think its absolutely better to have a gucci shirt and own diamonds and luxury cars while another would consider my lifestyle with less value and would prefer to spend money acquiring relics, arts, books and all the weird stuff, so I think your right about this.

This also can be a reason and something to consider... But I don't think its on all the occassions