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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   I wish I had bought bitcoin back then!! (https://www.talkofthevillages.com/forums/investment-talk-158/i-wish-i-had-bought-bitcoin-back-then-359817/)

USN-Retired 07-05-2025 07:00 AM
Amen!

opinionist 07-05-2025 07:25 AM
Hindsight always tells you the things that could have been. I wish the people who invest in BTC well, but I have never seen the tangible value that would make me want to put my savings there. I can see the value of cryptocurrency coins as a tool for transferring money, and the most useful ones will have the most significant value. There is no limit to the number of cryptocurrencies, so competition is a risk when a better tool becomes available.

Chickx729 07-05-2025 08:15 AM
Boat
 
Easiest way to explain. You missed the boat...as did I
QUOTE=Rainger99;2443322]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??[/QUOTE]

JayBee 07-05-2025 08:31 AM
bitcoin
 
Indeed. Warren Buffet referred to bitcoin as rat poison

Topspinmo 07-05-2025 09:34 AM
Quote:
Originally Posted by SaucyJim (Post 2443418)
Hmm. To some, we live in a snooty, gated community.

Just a thought.
No just lot of snoots….:eclipsee_gold_cup:

Topspinmo 07-05-2025 09:36 AM
Quote:
Originally Posted by Chickx729 (Post 2443486)
Easiest way to explain. You missed the boat...as did I
QUOTE=Rainger99;2443322]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??
[/QUOTE]

If I was that dud I cash in. :thumbup:

justjim 07-05-2025 09:57 AM
Quote:
Originally Posted by Rainger99 (Post 2443322)
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 “was/is” a company that sold soap and then some other things that was very popular 35 years or so ago in its prime. Some made so much money that they built huge mansions and stadiums. You could call it a pyramid scheme or maybe Ponzi scheme. Whatever those that get in early make lots of money but those subsequent that get in not so much. Buffet doesn’t care for bitcoin and he is a much better investor than me. I will pass too.

Aces4 07-05-2025 10:37 AM
Quote:
Originally Posted by JayBee (Post 2443494)
Indeed. Warren Buffet referred to bitcoin as rat poison
I would think that Warren Buffet feels anything that pulls money away from the stock market is rat poison. I'll bet he also never invested in Bitcoin and missed the boat, that has to burn a little.

justjim 07-05-2025 10:48 AM
Quote:
Originally Posted by Cuervo (Post 2443433)
I know lots of people made a lot of money and lots of people also lost a lot of money.
I'm one of those who believe it the old idiom, "If it sounds too good to be true it usually is".
To me this sounds like a pyramid scheme on steroids.
Though the dollar does not have the supporting value it once had, it still does have value.
Bitcoin's value as I understand it is based on demand, which means if the demand diminishes so does the value.
You are spot on.

Boffin 07-05-2025 10:51 AM
Could have, would have, should have. 20/20 hind sight.

skarra 07-05-2025 05:28 PM
“There are reports” and “anonymous person” are tricks politicians use to push lies.

Don’t fall for it.

justjim 07-05-2025 05:56 PM
Quote:
Originally Posted by skarra (Post 2443617)
“There are reports” and “anonymous person” are tricks politicians use to push lies.

Don’t fall for it.
And that has something to do with bitcoin?

SoCalGal 07-06-2025 02:50 AM
Quote:
Originally Posted by Cuervo (Post 2443433)
To me this sounds like a pyramid scheme on steroids. Though the dollar does not have the supporting value it once had, it still does have value. Bitcoin's value is based on demand, which means if the demand diminishes so does the value.
Exactly right.

jimbomaybe 07-06-2025 03:56 AM
Quote:
Originally Posted by Aces4 (Post 2443560)
I would think that Warren Buffet feels anything that pulls money away from the stock market is rat poison. I'll bet he also never invested in Bitcoin and missed the boat, that has to burn a little.
Perhaps his distain for bitcoin has something to do with its "value" , it has no value other than what is driven by the greed/fear factor, produces nothing. My credentials ,, I took a very small position in TESLA, not much more than an IPO, I was up 125%, thinking to add substantially, but then thinking you never go broke taking a profit, sold out, that's why my advice is free.

Rainger99 07-06-2025 08:29 AM
Quote:
Originally Posted by Cuervo (Post 2443433)
Bitcoin's value as I understand it is based on demand, which means if the demand diminishes so does the value.
Isn’t that true for everything?
Gold, Amazon stock, Villages houses - new and pre-owned!


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