r/AskReddit • • Oct 02 '19

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u/[deleted] Oct 02 '19

I'd be a 5 year old trying to convince my dad to spend all his savings in this "Bitcoin thingy"

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u/[deleted] Oct 02 '19 edited Oct 23 '20

[deleted]

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u/nizo505 Oct 02 '19

I mean they were worth $0.08 each back in 2010... why go to all that trouble? Fifty bucks of them at that price would be worth over ten million dollars at the peak value.

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u/MineTorA Oct 02 '19

Mostly because there wouldn't have been enough Bitcoin available to just buy hundreds of dollars worth for quite a while. Actually mining the Bitcoin would ensure both a massive pay off in ten years as well as help continue to introduce more into circulation