Quote:
Originally Posted by retiredguy123
The first time I heard about cryptocurrency, I decided that I would never invest any money in it. It had "SCAM" written all over it. I have no sympathy for those who recently lost their money investing in it and being scammed. And, I don't care whether or not Sam Bankman-Fried is ever arrested and prosecuted. I only invest in things that I fully understand and that clearly have the potential to add value to the overall economy.
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Reading a history of Bitcoin, when Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009.
Reading further, the first transaction using it in the USA was a pizza shop accepted 9-Bitcoin in exchange for a large cheese pizza. At today’s “value”, a single Bitcoin is “worth” a little over $16,000 USD, down from its all time high of $67,567 on November 8th, 2021.
In other important financial news and just in time for Christmas, the Golden Gate Bridge is once again for sale after recently being purchased by a resident in The Villages for $99.95.