Oddbean new post about login | logout I just had a guy say, "I bought 20 bitcoin back in 2010, and sold them when it hit $49,000." Bitch, in 2010 it would have cost you more to transfer dollars to MtGox than you would have spent buying 20 bitcoin. No one bought $5 worth of bitcoin in 2010... stfu
Anyone who actually bought them in 2010 has lost them years ago. I watched big bang theory, I know how it works!!!
Usually this comes from experts who know Bitcoin inside out and why it will fail. Then they explain how they can feed the world with a single pizza or some shit
He was trying to assure me that he understands bitcoin all too well & that gold is really the only way forward.
Gold on the blockchain?
Nope, just the shiny rocks
Why do you assume he bought on an exchange? Most early bitcoiners traded P2P - like it was intended
He was also arguing that Bitcoin isn't worth anything and that gold is the only possible way forward. If he didn't think Bitcoin was worth anything, why buy $5 worth, why hold for 10+ years through multiple long bear markets, why not sell during any of the previous price pumps and take his ponzi winnings...? Even in the off chance that he really did know someone interested in Bitcoin that early on & he really did buy only 20 from that person for some undisclosed reason, he clearly doesn't understand Bitcoin which was what his early involvement was supposed to prove.
