Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
El duderino_
on 05/12/2022, 13:48:27 UTC
⭐ Merited by philipma1957 (1) ,strawbs (1) ,HI-TEC99 (1)
This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make.



https://bitsonline.com/lamborghini-bitcoin-saddington/

Quote
... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52.

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Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.

Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.

He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said.

At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all.

I registered here in 2011 after discovering I could play poker for bitcoin.

I have sold little bits to do things like take a trip with my wife.

But ultimately I have bought the dips enough to replace those sold coins.  Part of it is my ethos.  I do not really need all that much stuff.  In fact in the end I just might make all of you richer.

“Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.” -somebody important

I accepted long ago I will either be a genius for holding, or a fool.

We will see.

HODLing for years like we already have done

Makes us geniuses already bro