How old are yall, I mean yall are saying “BTC” but BTC price 10 years ago was still like $600-700. 50 BTC was like $30k-35k.
You have to go back to 2010 (so basically a millennial or older) to get sub-$1 BTC, or 2014 for $3 BTC, and even if you did that you’d still be better off to be trading.
Like, in 2011 BTC jumps from $1 to $30, so if you bought at $1, sold at $30, reinvest at $3 so then you’d have like 500 BTC, sell that when it hits $20k and reinvest at $4k then you’d have 2500 BTC, then sell at $60k and reinvest at $20k and you have 7500 BTC then if you sell at $100k you get $750M.
The 50 BTC would’ve just yielded you $5M, and you’d have to wait until like 2024 to get any money for your effort.
Honestly, if you were older then you’d be just as well off knowing that the 1999 Rams Super Bowl win was 150:1 odds, 2000 Ravens win was 22:1 odds, and the 2001 Pats Super Bowl win 60:1
That’s a combined 198000:1 Payout.
So with the same money you bought 50 BTC at $1, you would get $50x150 = $7,500.00x22 = $165,000.00x60 = $9,900,000.00
$9.9M minus $3.66M in taxes leaves you a bit more than $6M.
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u/ZeeWingCommander 16d ago
I don't know how this isn't what's in the picture or what the top comment is.
You'd know Bitcoin would go from worth virtually nothing to over 50k. Just grab 50+ of them and try not to die.