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Topic: Buy BTC sold for 16 BTC-1 mil USD - page 7. (Read 2038 times)

full member
Activity: 203
Merit: 106
May 03, 2024, 07:51:54 AM
#25

Another crazy collectible

What do we think?

Can this ever be sold for more

So many sats for just 1
It’s the rubbish I’ve been trying to contend with over the past week since I heard about ordinals. Just how did this mathematics came to be, where
1sat would be equivalent to a Bitcoin. I mean, where do we start this reverse psychology.

1Bitcoin is supposedly equivalent to 381825124.09316530 Satoshi (Value determined by 3Commas online Bitcoin calculator).
Mathematically:
1 BTC = 381825124.09316530 Sat.

Now, due to some ordinals we get the reverse psychology where:
33.3 BTC = 1sat that is:
12714776632.30240449 Sat = 1Sat.

All due to position and your just a collector. What sort of rubbish is that!
That’s some just how insanely humans could act. I ain’t collecting nothing for that.

1sat = 1 sat
Just as
1BTC = 1 BTC.

This maths applies anywhere, all I know.
sr. member
Activity: 266
Merit: 205
May 03, 2024, 07:20:12 AM
#24
Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).
There are actions we just wanna carry out just to massage our ego in as much as the money is there to spend. It wouldn't necessarily seem like a waste to you by then because to you at that very moment it's like doing what many people can't even afford to do.

There are places I said to myself 10 years back I won't visit no matter the money I was going to make because at that time I previewed it to be a waste or something stupid to do with money. But guess what today! I visit a few of those places like thrice in a year now just because of the momentary feeling that comes with been there.

Money has a way of twisting our vibes, particularly too much money. Grin We just have to be patient till we have it in that bastard amount to know what we will do and what we won't do.







poverty has its own mentality so do wealth and riches too.

You are very much correct in this part no doubt, but you also need to know that their are some set of people that money and power can't change, you see those set of people, they are mostly rare, it can be either positive or negative, but the main thing is that money can't influence them easily, they are still the Mr A or Mr B we all know, their behavior or their spending rate don't change regardless of the financial power they now have.

Am saying this because their is a man I know very well in my locality that is very crafty or stingy, he hardly gives out something easily even to his offsprings, due to how stingy he is, you can't know how wealthy he is because he hardly spend on himself talkless of spending on someone else, so you see these types of people, even money cannot change them, because they are rooted down to who they are.
legendary
Activity: 2184
Merit: 1302
May 03, 2024, 07:19:01 AM
#23
My problem with this "epic sat" being auctioned and sold for 33.3 bitcoin is that it tends to make people believe that bitcoin is non-fungible when indeed it is fungible, this sat now has a different value and can no longer be interchanged with another sat of equal value, when ordinarily it should.

I don't have a problem when things like the "buy bitcoin" paper is being auctioned, of course it is non-fungible and there is something that makes it unique and differentiates it from other pieces of paper or similar writings on them, but bitcoin as a currency is fungible and any utxo should be interchangeable with another one of the same value.
sr. member
Activity: 434
Merit: 254
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May 03, 2024, 05:45:33 AM
#22
Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).
There are actions we just wanna carry out just to massage our ego in as much as the money is there to spend. It wouldn't necessarily seem like a waste to you by then because to you at that very moment it's like doing what many people can't even afford to do.

There are places I said to myself 10 years back I won't visit no matter the money I was going to make because at that time I previewed it to be a waste or something stupid to do with money. But guess what today! I visit a few of those places like thrice in a year now just because of the momentary feeling that comes with been there.

Money has a way of twisting our vibes, particularly too much money. Grin We just have to be patient till we have it in that bastard amount to know what we will do and what we won't do.



Yea, decision making when you don't have money can be reversed when the money finally comes, money has influence on human beings and thats why as an average or poor person, don't list what you wont do when you have money because a rich man will always want to do things to his standard, there are supermarkets and average stores, as we know, there price list may not be the same too, poor or average people will see it as a waste of funds by going to the supersmarket where prices are high to get some items because they will feel that since is the same stuff why will they waste such money, but rich people wont think that way, they willl see the expenses as nothing hence they can afford as many as they want.
Lets be sincere if the poor people eventually becomes rich too, they will still visit that same place that they perceived as being expensive earlier, thats life, poverty has its own mentality so do wealth and riches too.
sr. member
Activity: 420
Merit: 315
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April 29, 2024, 07:57:02 AM
#21

So ordinary people give value to things they find passion for, just like in football, the boots KING PELE of Brazil used to play during his time can as well be placed on an auction like this too, and surprisingly you will see the amount people will be ready to pay to have it.
Sad truth. Another proof to disclaim Aristotle that humans are rational animals.
But buying Pele shoes is kinda different from this
It's inherent value was defined by Casey who is taking Bitcoin Sat's as ordinals
Satoshi never made any satoshi unique or better than the others 
https://ordinalsbot.medium.com/a-deep-dive-into-rare-sats-the-most-sought-after-collectibles-da167e355018
The link above would show it's definition of various Sat's and their raririty
These collectibles are no different from ordinals so definitely don't see it worthing the price.

Personally would rather hold a real BTC worth said amount than going for a Sat, not to forget converting BTC to cash would be way easier than the collectibles.
If I don't want to invest I can better still use the money travel around and try new cuisines

With Bitcoin expected to experience 33 halving
We would be seeing 33 epic Sat's
I'm curious where the previous three are located at.

Let's see how much the so called legendary sat would go for.
sr. member
Activity: 700
Merit: 270
April 29, 2024, 06:41:24 AM
#20
Had a few worths on this auction and like to expand the discussion...

What do we think about it and are there many other moments which created a historical piece that could provide high prices in BTC or FIAT terms?
And with what kind of others pieces can we compare a piece like this one..


https://x.com/BTC_Archive/status/1783424287438713334


I've not bought paper in a while, if it were only priced in dollars, so about $1,000,000.00 I just would have thought inflation was just bad.

But 16BTC seems a bit much for a bit of paper and some writing on it.

----------------

"Scotland's power-sharing government collapses as SNP and Greens end deal"

Who would have guessed two camps of crazy left wing communists not agreeing with each other eventually?
One camp is led by someone who literally hates the indigenous people, the other hates that the last 200 years of technical advancement happened.
 Roll Eyes




would it be worth more as this Einstein note over time?

https://edition.cnn.com/style/article/einstein-handwritten-notes-auction/index.html

*In terms of FIAT not in terms of 16 BTC ...

I mean in terms of FIAT stricktly, would it be a good investment comparing with a paper like the Einstein one or compared with a Football, Pokemon card etc

It seems to be a historical collectible just like the newspaper where BTC was mentioned for the first time...(I do remember an auction for the paper was held on this forum, but can't find the link anymore, if someone can add it in this thread its merit worthy imo...)

Could this BTC outperform a lot of them? It could act like a cool piece on the wall, but better like some famous paintings etc??

Pieces with historical mentionings got value, but whats the correct price or how can we value a specific paper like this one and which will follow this Buy Bitcoin paper in the future?
There gotta be more of them...
16 BTC for an inscription on a piece of paper, I feel is all about adding value or sending a message to the consciousness of people how valuable it can be to invest in BTC, and for that person to hold it in a public display in the parliament or that kind of setting sort of gives it a different aura, especially considering the fact that it's been televised.
So ordinary people give value to things they find passion for, just like in football, the boots KING PELE of Brazil used to play during his time can as well be placed on an auction like this too, and surprisingly you will see the amount people will be ready to pay to have it.
sr. member
Activity: 266
Merit: 205
April 29, 2024, 03:47:42 AM
#19
Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).
There are actions we just wanna carry out just to massage our ego in as much as the money is there to spend. It wouldn't necessarily seem like a waste to you by then because to you at that very moment it's like doing what many people can't even afford to do.

There are places I said to myself 10 years back I won't visit no matter the money I was going to make because at that time I previewed it to be a waste or something stupid to do with money. But guess what today! I visit a few of those places like thrice in a year now just because of the momentary feeling that comes with been there.

Money has a way of twisting our vibes, particularly too much money. Grin We just have to be patient till we have it in that bastard amount to know what we will do and what we won't do.



You are actually right bro, when I saw this your post I just smiles because as humans that we are, we sometimes find ourselves doing things we never thought of doing in the past, their is a saying about what you just said in this your post in my locality, which we most times have a good laugh at, which is;  a poor man will say that he doesn't like 🍻 beer because it's too bitter,  though it sounds funny but that's the reality of someone without money,  the rich thinks differently compared to the poor, they mostly do things they feels like an average person can't do, let them just be among the very few people that have the ability to do it, to them it's a plus to their name, while to a common man, it's just a waste of money.

Their was once a time I said that buying an iphone is a total waste of money, due to the fact that it was too expensive, and an Android is cheaper and it can give me all in need in a phone, and financially then, I wasn't that stable, but look at me today, I bought the latest iphone without even considering how costly it is because the money is available, so just as lida93 had already said, till we have money in bastard amount, we actually wouldn't know what we can do and what we can't do.
sr. member
Activity: 350
Merit: 255
April 29, 2024, 03:09:45 AM
#18
Had a few worths on this auction and like to expand the discussion...

What do we think about it and are there many other moments which created a historical piece that could provide high prices in BTC or FIAT terms?
And with what kind of others pieces can we compare a piece like this one..

Everything that has played out to giving Bitcoin the edge it has at this moment deserves the attention and recognition they are getting and although 16BTC with the current fiat value seems abit high, it's still relatively okay to value such an historical piece that played a unique role in bringing Bitcoin to the limelight with such worth.  If satoshis white paper wasn't a popular resource that's in the public domain, it's most likely that it would have gotten similar worth as Albert Einstein note. At the end of the day, it's just a matter of contextual contribution to humanity, and when Bitcoin eventually gets the kind of public acceptance that Einstein works has from the globe, then pieces as this will go a long way to becoming of a higher worth far above what we're currently evaluating it now.
full member
Activity: 476
Merit: 141
April 28, 2024, 12:43:30 AM
#17
Code:
[quote author=gentlemand link=topic=5134423.msg50712466#msg50712466 date=1555880106]
40 BTC is barking mad but they ain't making any more and it's the type of thing an early adopter with coins pouring out of their botty would love to have.
All the same I'd have to whack myself around the head with an anvil if I bought it just before a bull run.
Glad I'm not really the collecting type.

Good luck with the auction. This is definitely going to be very informative and something that'll be referred to often in the years to come.
[/quote]

Source Link: https://bitcointalksearch.org/topic/m.50712466

You can get a lot of help from this post, so feel free to visit this link.
hero member
Activity: 952
Merit: 662
April 26, 2024, 08:42:33 AM
#16
Another crazy collectible

What do we think?

Can this ever be sold for more

So many sats for just 1
The "Buy BTC" sign is a real collectible, so I won't really care too much.

But, this unique sats is auctioned? come on, why more and more people are now treating Bitcoin as non fungible?

This sats belong to fourth halving, that sats belong to criminal, this sats belong to hamas, that sats belong to Putin and so on. If people keep treating Bitcoin as non fungible, they also have a fallacy like centralized exchanges who always differentiate between "tainted" coins and "clean" coins.
member
Activity: 742
Merit: 21
April 26, 2024, 07:28:03 AM
#15
It would be best to hold on to Bitcoin, as we have a bull market to look forward to next.

#Bitcoin    is freedom money



Source Link: https://twitter.com/BitcoinMagazine/status/1783610533632950766?t=uIXLQutyrFVhrbE34KWDjw&s=19
hero member
Activity: 938
Merit: 605
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April 26, 2024, 04:59:56 AM
#14
Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).
There are actions we just wanna carry out just to massage our ego in as much as the money is there to spend. It wouldn't necessarily seem like a waste to you by then because to you at that very moment it's like doing what many people can't even afford to do.

There are places I said to myself 10 years back I won't visit no matter the money I was going to make because at that time I previewed it to be a waste or something stupid to do with money. But guess what today! I visit a few of those places like thrice in a year now just because of the momentary feeling that comes with been there.

Money has a way of twisting our vibes, particularly too much money. Grin We just have to be patient till we have it in that bastard amount to know what we will do and what we won't do.

legendary
Activity: 2688
Merit: 13334
BTC + Crossfit, living life.
April 26, 2024, 04:24:48 AM
#13
In terms of BTC I don’t think there is a lot of profit in the future

When BTC appreciates in price let’s say 150k or 300k

Then I don’t think more as 16 BTC will be paid for the paper …
sr. member
Activity: 420
Merit: 315
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April 25, 2024, 04:55:18 PM
#12


Another crazy collectible

What do we think?

Can this ever be sold for more

So many sats for just 1
I can't really tell how rich people think
Well I guess it's a form of a bragging right
Like "well you know I'm the owner of the epic Sat in the fourth halving "
I will call it stupid but the buyer would call it a collectible.
I guess value is subjective.

Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).

To be honest I would be interested to see if the buyer sells it again and what for.

Now if I was 25 with 100,000 btc I may spend it as a goof.
If the buyer sells now it's going to go at a cheaper price except they choose to wait let's say years later
When the popularity of Bitcoin has gone further than this.
With 100K BTC,even in my 80's I think I would buy it
I don't know it feels like a form of immortalising oneself
The world would remember you when you gone.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
April 25, 2024, 01:47:17 PM
#11
Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).

To be honest I would be interested to see if the buyer sells it again and what for.

Now if I was 25 with 100,000 btc I may spend it as a goof.
legendary
Activity: 2688
Merit: 13334
BTC + Crossfit, living life.
April 25, 2024, 01:43:39 PM
#10
I feel like both of these (the bid for the first sat and the bifd for "buy bitcoin") are the result of people not knowing what to do with the money.

Nobody on a normal wealth level would do that. 33 BTC is over $2 million, which for most people is more than total value of assets they own and will own in their whole lifespan. For instance, both of my parents together, each living past 80, never reached that number, so you must already have everything you could dream of to buy a piece of paper with one word for a million dollars.

Value is subjective, but I wouldn't even have the money to buy that, even if I wanted to. Not to mention that I could think of a 100 things I'd rather buy than this.

Personally either if I could or couldn't buy it or let us say even if I had to possibility to buy it with pocket change.... then still I wouldn't just not that interested and to much sense of money not well spend, I get it that some people value those things at extreme prices.... But my priorities myself will always be different I guess.
legendary
Activity: 2814
Merit: 1192
April 25, 2024, 01:29:15 PM
#9
I feel like both of these (the bid for the first sat and the bifd for "buy bitcoin") are the result of people not knowing what to do with the money.

Nobody on a normal wealth level would do that. 33 BTC is over $2 million, which for most people is more than total value of assets they own and will own in their whole lifespan. For instance, both of my parents together, each living past 80, never reached that number, so you must already have everything you could dream of to buy a piece of paper with one word for a million dollars.

Value is subjective, but I wouldn't even have the money to buy that, even if I wanted to. Not to mention that I could think of a 100 things I'd rather buy than this.
sr. member
Activity: 476
Merit: 299
Learning never stops!
April 25, 2024, 12:55:55 PM
#8

Not too surprised  Smiley
If  this same people could pay outrageous huge   fees  to get  their little transaction in the last block before halving then they are capable of doing this too .
My question  is how's  this sat different  from other sats
Congrats to ViaBTC, they  must feel like a king now   Cool
legendary
Activity: 2688
Merit: 13334
BTC + Crossfit, living life.
April 25, 2024, 11:55:04 AM
#7


Another crazy collectible

What do we think?

Can this ever be sold for more

So many sats for just 1
sr. member
Activity: 476
Merit: 299
Learning never stops!
April 25, 2024, 10:47:05 AM
#6
~
The purpose is making it more solid to uphold investors beliefs ,
For instance you have a software with users  and you sold the name  of that software written on a piece of paper  for a huge sum , you should expect more users of that software without stressing it,
The part of beign a good investment  in term of FIAT compared to other writings like Einstein is hard to determine because  I could relate something like this to that of a NFT ( some NFT bought with hundreds of thousands are now worthless now) just saying the opposite might be achived amd he mightsold it higher,probably  he's  just buying to add to his collection .... hang on a wall just as you've  said maybe forever.
The Seller bacame recognised   after he brought 3.7% increase in the price of Bitcoin besides he has being  digging for some time now  Smiley

In 2019, Langalis created and sold 21 replicas of the sign, which sold for an average price of 0.8 BTC, worth about $51,300 today.
Source
This is soft... Cool
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