-
this is not me doubting that statement, but who would have bought all of that Bitcoin off you, using £ ?
The mug who thinks that if they hold it'll also make them a multimillionaire
And why?
See above
Because if I can't ... put food on the table
People early on bought pizzas for multiple bitcoin which would make them the most expensive pizza ever at current "value"
branwen-
People early on bought pizzas for multiple bitcoin which would make them the most expensive pizza ever at current "value"
Indeed, one of the early Bitcoin purchases was a delivery pizza for 10,000 BTC (back when that was worth ~$10 in total). Those same 10,000 BTC now would be worth $700million.
(The pizza is kind of irrelevant to the value. If the same person had just bought 10,000 BTC with ~$10 they'd make the same huge profit on it if they had the balls to hold on to it for that long.)
Greenbank
Staying on Bitcoin for a minute... what can one buy with it?
I think this is where I am struggling to make the leap that it really has any worth. @Greenbank you say if you'd bought £5 worth in 2009 you'd now be a multimillionaire... this is not me doubting that statement, but who would have bought all of that Bitcoin off you, using £ ? And why?
Because if I can't buy a house, a car, or put food on the table - using Bitcoin - why do I want or need it?
This is slightly Devil's advocate, but also me admitting that I still don't really understand it fully!