If you would be able to get back in early 2009, what would you do? - page 4.

crazyivan

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Quote from: futureofbitcoin on April 11, 2015, 10:44:16 PM

The problem with buying too much is, you risk destroying the eco-system and making bitcoin fail.

I'd probably cap myself at 210k coins max. I might keep a small stash of ~30k just for giveaways and such.

Oh, I'd also sell lazslo a few pizzas for sure. I'll even be nice enough to put foie gras, wagyu beef and truffles on the pizzas, and give him a complementary bottle of wine.

This one seems quite efficient. You gain the most for peanuts. Also the argument about time-space continuum s valid. Maybe BTC would be $5 today or the diff would be gozilions cause of your mining investments in 2009 and this would prevent BTC development.

dinda22

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if back to 2009, I will collect bitcoin as much as possible and wait for a few years, and when in 2013 the price in figure $1000 I will sell it, then I will stop playing bitcoin and start a business in the real world, such as restaurants, making boarding house and the other: )

futureofbitcoin

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The problem with buying too much is, you risk destroying the eco-system and making bitcoin fail.

I'd probably cap myself at 210k coins max. I might keep a small stash of ~30k just for giveaways and such.

Oh, I'd also sell lazslo a few pizzas for sure. I'll even be nice enough to put foie gras, wagyu beef and truffles on the pizzas, and give him a complementary bottle of wine.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: crazyivan on April 11, 2015, 12:15:15 PM

So, if you come back in 2009, how would you structure your BTC related investments. Please post only scenarios which are financially viable. For example, I would take my $7 mil and buy every BTC domain known to man is not going to work. Only stuff you were able to do at that point in time pls.

Let us hear how would you make your millions in case you had a time machine to come back to 2009. Grin

There is a paradox situation with this one, because if you are to be able to change the past, you would definetly change the future outcome also.
Its nice to dream about buying btc at a bargain prices, but large changes in bitcoins start might cause things not to evolve the way they did without your interaction,
in the end you could have all the knowledge about bitcoin from now, back in 2009, and your investments and tampering could make a future change in a way that
bitcoin doesnt even get past 5$ again.. imagine that.. knowing, and in the end , baghold once again, because there are no buyers..

cheers

randy8777

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i would indeed like anyone else buy as many coins as possible. not a very difficult decission. i would buy bitcoin with my entire life savings.

Q7

sr. member

Activity: 448

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I actually took out a loan for property mortgage back in 2009. If I had that information I knew today, I would just stop the loan and use the down payment meant for the property to buy up bitcoins. Plus I would even sell my car, including everything I have at that time to get as many coins as possible. I don't mind waiting for 4 years before I can turn everything around with that amount of coins.

majeis

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I would start a religion based on time travel. It will supplant Scientology as the dominant commercialized religion in the world.

Oh yeah, and I would buy as much bitcoin as possible, but that's secondary.

coinpr0n

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It wouldn't work, we'll all be fighting in time-space. Satoshi always wins.

crazyivan

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Quote from: gentlemand on April 11, 2015, 04:22:40 PM

Quote from: Snipe85 on April 11, 2015, 04:18:41 PM

Quote from: Bit_Happy on April 11, 2015, 03:31:04 PM

You only need to spend a few thousand dollars early on to be very wealthy in late 2013, and that assumes you give away or lose 1/2 of your coins! I would invest at least $20,000 so I can have plenty of room for fun and sharing.

Yea sharing... It's always easy to share the money you don't have and then you hit a jackpot and turn into a scrooge. Wink

Well, there's a case to be made for keeping silent too. You open yourself up for a world of pain if it becomes common knowledge that you've made bank. People can get awfully strange and entitled if they know you outgun them financially.

You would also avoid being locked up in some institutions. I see future, you say, I know about this magic coin, I know it is going to rise in the future.....yeah right.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: Snipe85 on April 11, 2015, 04:18:41 PM

Quote from: Bit_Happy on April 11, 2015, 03:31:04 PM

You only need to spend a few thousand dollars early on to be very wealthy in late 2013, and that assumes you give away or lose 1/2 of your coins! I would invest at least $20,000 so I can have plenty of room for fun and sharing.

Yea sharing... It's always easy to share the money you don't have and then you hit a jackpot and turn into a scrooge. Wink

“The strategic adversary is fascism... the fascism in us all, in our heads and in our everyday behavior, the fascism that causes us to love power, to desire the very thing that dominates and exploits us.”
-Michel Foucault

gentlemand

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Welt Am Draht

Quote from: Snipe85 on April 11, 2015, 04:18:41 PM

Quote from: Bit_Happy on April 11, 2015, 03:31:04 PM

You only need to spend a few thousand dollars early on to be very wealthy in late 2013, and that assumes you give away or lose 1/2 of your coins! I would invest at least $20,000 so I can have plenty of room for fun and sharing.

Yea sharing... It's always easy to share the money you don't have and then you hit a jackpot and turn into a scrooge. Wink

Well, there's a case to be made for keeping silent too. You open yourself up for a world of pain if it becomes common knowledge that you've made bank. People can get awfully strange and entitled if they know you outgun them financially.

Snipe85

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Infleum

Quote from: Bit_Happy on April 11, 2015, 03:31:04 PM

You only need to spend a few thousand dollars early on to be very wealthy in late 2013, and that assumes you give away or lose 1/2 of your coins! I would invest at least $20,000 so I can have plenty of room for fun and sharing.

Yea sharing... It's always easy to share the money you don't have and then you hit a jackpot and turn into a scrooge. Wink

crazyivan

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I dont think I would do anything that drastic. I would make 4 decent rigs, top shelf GPUs for that time, 4 GPUs each rig and let those hash through 2009,2010 and 2011. Also I would sell my house, car, phone, clothes and my tooth brush and buy some BTC.

Bit_Happy

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A Great Time to Start Something!

You only need to spend a few thousand dollars early on to be very wealthy in late 2013, and that assumes you give away or lose 1/2 of your coins! I would invest at least $20,000 so I can have plenty of room for fun and sharing.

sniveling

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I would have packed in smoking and spent all my cigarette money on bitcoins until they hit 50 cents each.

gentlemand

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Welt Am Draht

It would've finished 2009 at $10,000 if there was a sniff of what we know now.

If we go by the first exchange rate published anywhere, which I think was 1309 or so bitcoins for a dollar, you could've bought up every single coin at the time for a couple of grand. Lots of people can afford that.

I would've been modest and kept 21,000 for myself. I probably wouldn't have been able to resist piling up a lot more to give away and blow minds as the years went by.

If I'd gathered gargantuan numbers, I'd sell off a couple of hundred a day in return for donations to charities of my choice.

BitcoinNewbie15

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Bitcoin isn't a bubble. It's the pin!

I would sell everything I own and buy as much BTC as possible. I would probably be homeless for the next 4 years lol.

1Referee

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Nothing difficult, just easy stuff that will get you the most out of your investment.

I would try to get the highest possible mortgage that my income will allow. I simply buy in a huge load of coins and sit on them with a big smile on my face.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: crazyivan on April 11, 2015, 12:15:15 PM

Let us hear how would you make your millions in case you had a time machine to come back to 2009. Grin

Start funding the creation of a decentralized darknet marketplace, so it'd be both anti-fragile and voluminous today.

albert11

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I would have invested about 10k, savings i had around that time which would have been 40 000 BTC then i would have sold at the peak for 50 000 000 $
I would have also told my friends and family to do the same.

Topic: If you would be able to get back in early 2009, what would you do? - page 4. (Read 3510 times)