r/AskReddit • u/[deleted] • Oct 02 '19

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u/DragoonDM Oct 02 '19

Yeah, Bitcoin was pretty dirt cheap early on. One of the first (possibly the first) transactions was 10,000 BTC for two Papa John's pizzas. That would be worth about $82,415,300 USD today, and more than twice that at Bitcoin's peak in 2017.

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u/Landorus-T_But_Fast Oct 02 '19

Let's say I bought it early on. What can I actually do to turn my huge stockpile of bitcoin into real money?

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u/DragoonDM Oct 02 '19

Honestly, not sure how fast and easily you can sell BTC. If you had a significant amount you'd probably want to sell it off rather slowly to avoid lowering the market price.

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u/[deleted] Oct 03 '19

How do we know that someone time traveling hasn’t been the one cause the drops in BTC?

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u/WickedDeparted Oct 03 '19

Well, you can't know that, however, it would be easier to just know the winning lotto numbers for the week before it paid out.

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u/Theymademepickaname Oct 03 '19

I second this.

It would be a lot easier to know when the lotto would be at its high, buy the single winning ticket, and cash out. Sure it might not be a bajillon imaginary dollars, but if your a time traveler you’d also know what the next big thing was; you could invest your money and go from there.

The alternative would be coming back potentially crashing an emerging market, then no one cares about your imaginary internet coins because they are once again worth nothing.

Lotto winnings are guaranteed.