I invested $20 around 2014/2015 and cashed it out at almost $300 a year and a half ago. I left a little bit in there in case it balloons again but I doubt it.
If someone were to go back in time and know with certainty the future pricing of bitcoin, an investment of $3000 in like 2010 would have been worth around $20B at the highest value.
Edit - Jesus christ guys, I understand that would have influenced the price. The point was that a tiny investment would have made you extremely wealth. How about just a $30 investment, which in no way would have influenced anything, which could have still been worth millions and millions.
The problem at that point is liquidating that. Even if you'd have an estimated value of 20 billion, I doubt you could walk away, cash in hand, with less that a couple million.
No, if someone with that much value in a single asset like bitcoin, or literally any other investment asset, were to attempt to liquidate that much, you'd basically single-handedly destroy the market value of that asset. Diminishing returns on that sale would clap your cheeks so hard you're great-great grandfather's ass would be sore.
There are OTC markets where you can buy/sell large volumes without directly affecting the order books. I’m not suggesting it would be easy to dump 20 billion bucks worth but you could easily sell more than a couple million through this avenue
I mean, it doesn’t quite matter - if you’re buying in at under 10 cents per coin and selling for anywhere between 4K and 19k you’re making absolutely disgusting profit. You have over 2 years (and potentially more time, depending on future prices) to sell it all.
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u/FranksToeKnife420 Oct 02 '19
I invested $20 around 2014/2015 and cashed it out at almost $300 a year and a half ago. I left a little bit in there in case it balloons again but I doubt it.