Post
Topic
Board Bitcoin Discussion
Re: Who's brave enough to invest their life savings into Bitcoin?
by
botany
on 26/12/2014, 17:01:16 UTC
Why 300$ to get 100$ into it?

Intermediaries, unless you were in US or Japan, you probably had to go through a several scammy/scummy different services like liberty reserve, and $10 or so, 5% or so each hop you'd not end up with much at end. Depending on timing it might not have been a wise decision to deal with Gox even when apparently functioning though.

Quote
If you bought 100$ worth of bitcoins back then you would have been very tempted to sell after a x10 or x100

Also very true.

The risk was very high and it looked likely that Bitcoin will fail soon.

Those who were really lucky were those paid in bitcoins or mined bitcoins very early on then forgot about their bitcoins

There are some who not only forgot about their bitcoins, they forgot their private keys as well.
Can't really envy their position.  Grin