Talk of The Villages Florida - View Single Post - I wish I had bought bitcoin back then!!
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Old 07-04-2025, 01:17 PM
Malsua Malsua is offline
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Quote:
Originally Posted by Rainger99 View Post
There are reports that an anonymous person who made a $7,800 investment in bitcoin in 2011 has just touched their wallet for the first time in 14 years…

He’s now worth $1.1 BILLION.

At the start of 2011, a bitcoin was only $.30 and only reached the dollar mark in February 2011!! It is $109,000 today. I wish I had put $10 in bitcoin back then.

And can anyone explain it??
There's a few things that have happened to bitcoin since 2011.

The first being that bitcoin had numerous forks since then. Each one entitling the owner to equivalent in Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Bitcoin SV. That will add some life changing amounts of money right there, but the granddaddy of BTC would be north of 2 billion.

Bitcoin will continue to rise. If you buy even a few hundred dollars worth now and hand it to your children or relatives, by the time they retire, it will likely have appreciated significantly.

It's now owned by all the major players in finance. It's not going away.

You don't have to buy whole coins, you buy fractional pieces called Satoshis. Right now you can buy 913 Satoshis for one US dollar.

In 10 years, it'll probably be about 91 Satoshis for 1 dollar.


I'm one of the founding members of the Crypto Currency Club in The Villages. We meet every Saturday morning virtually except for the first Saturday of the month because there is a club meeting at Ezell on that prior Thursday.