People were buying AND MINING a lot lower than 0.0022 for a significant period of time. Lets also not forget there was a chance to 2x - 3x your money during 2-4 swings between 0.001 and 0.002 and 2 swings between 0.003 and 0.008.
The original comment was not talking about 2x-3x.
Quote
Looking at the all time price chart the other day I realized that no one has really made any money on Monero yet... Well, not crazy 10x or 100x money.
And it's true. For comparison look at the all time price chart of BTC, even today with BTC being down 75% from the peak. It's still up 100x from early prices.
Maybe there is some brilliant or lucky trader who managed to string together some 2x-3x swings with no losses and turn it into a 10x. That's still not 100x...
Likewise it was asked if early miners made 10x-100x. Very few did, and only on a few coins. The ec2 whales you were talking about, by your numbers, barely made 2x. Even if that turns out to be a bit low, it's not 100x.
We''ll leave it there, we're beating a dead horse. My original point was just that several people have made good money out of XMR, the sorts of figures that many of the current holders would love to make.
One thing that been discounted nice and quietly are the botnet/sys admins. They're certainly x100 their investment
