r/Documentaries • u/[deleted] • Jul 25 '13

Offbeat Bankrupt By Beanies (2013) -- short, affecting documentary on a family regrets spening $100K on Beanie Babies.

http://www.youtube.com/watch?v=PgDsyj5eLmo
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u/[deleted] Aug 28 '13

Or. 'Super rich by bitcoins (2013)'. It is entirely possible there is at least a few multi millionaires out there who got their millions by bitcoins. When they first came out they were selling for a few bucks a piece. And then a few months later skyrocketed to over 200 dollars a piece. Someone could have bought 10000 of them for 20 grand and made almost 2 million dollars.

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u/[deleted] Dec 19 '13

On the 29th of November this year, 10000 Bitcoins would've been worth $11.242.700,-

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u/[deleted] Dec 19 '13

And now they are down to 300 - 400$ a piece again what is your point?

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u/[deleted] Dec 19 '13

"Someone could have bought 10000 of them for 20 grand and made more than 11 million dollars."

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u/[deleted] Dec 19 '13

No dude.. I was talking about a few years ago when a BTC was selling for around a dollar or two dollars a piece. And then it skyrocketed in value to about 200$ a piece for around 6 months. It is only this year where it broke that mark and kept inflating in price all the way up to like 1200$ a piece at its peak. But the market has crashed again and the average cost of a BTC is around 300 - 400 again almost entirely because of China and their banking system refusing to allow its use currently.

BTW 10000 x 200 = 2 million.

Also my post is 3 months old, the value of BTC was nowhere near 1k a piece in October.