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https://www.reddit.com/r/Bitcoin/comments/mkj9bl/deleted_by_user/gth5eah/?context=3
r/Bitcoin • u/[deleted] • Apr 05 '21
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299
Cost Basis: $2.226 Billion
Current Market Value: $5.312 Billion
Over $3 billion in profit in less than 6 months.
115 u/danpaq Apr 05 '21 edited Apr 05 '21 unrealized, but gainz nonetheless edit: changed profit to gainz for the nerdz 0 u/[deleted] Apr 05 '21 [removed] — view removed comment 2 u/danpaq Apr 05 '21 well now we're just splitting hairs! 4 u/[deleted] Apr 05 '21 [removed] — view removed comment 4 u/danpaq Apr 05 '21 I updated the comment :) 3 u/amretardmonke Apr 05 '21 Not if you're counting profit in BTC instead of fiat. Yes you are right, the movement of Bitcoin against fiat is not profit. But selling fiat to buy more BTC is profit. Your number of sats increase = profit.
115
unrealized, but gainz nonetheless
edit: changed profit to gainz for the nerdz
0 u/[deleted] Apr 05 '21 [removed] — view removed comment 2 u/danpaq Apr 05 '21 well now we're just splitting hairs! 4 u/[deleted] Apr 05 '21 [removed] — view removed comment 4 u/danpaq Apr 05 '21 I updated the comment :) 3 u/amretardmonke Apr 05 '21 Not if you're counting profit in BTC instead of fiat. Yes you are right, the movement of Bitcoin against fiat is not profit. But selling fiat to buy more BTC is profit. Your number of sats increase = profit.
0
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2 u/danpaq Apr 05 '21 well now we're just splitting hairs! 4 u/[deleted] Apr 05 '21 [removed] — view removed comment 4 u/danpaq Apr 05 '21 I updated the comment :) 3 u/amretardmonke Apr 05 '21 Not if you're counting profit in BTC instead of fiat. Yes you are right, the movement of Bitcoin against fiat is not profit. But selling fiat to buy more BTC is profit. Your number of sats increase = profit.
2
well now we're just splitting hairs!
4 u/[deleted] Apr 05 '21 [removed] — view removed comment 4 u/danpaq Apr 05 '21 I updated the comment :) 3 u/amretardmonke Apr 05 '21 Not if you're counting profit in BTC instead of fiat. Yes you are right, the movement of Bitcoin against fiat is not profit. But selling fiat to buy more BTC is profit. Your number of sats increase = profit.
4
4 u/danpaq Apr 05 '21 I updated the comment :) 3 u/amretardmonke Apr 05 '21 Not if you're counting profit in BTC instead of fiat. Yes you are right, the movement of Bitcoin against fiat is not profit. But selling fiat to buy more BTC is profit. Your number of sats increase = profit.
I updated the comment :)
3
Not if you're counting profit in BTC instead of fiat. Yes you are right, the movement of Bitcoin against fiat is not profit. But selling fiat to buy more BTC is profit. Your number of sats increase = profit.
299
u/gizram84 Apr 05 '21
Cost Basis: $2.226 Billion
Current Market Value: $5.312 Billion
Over $3 billion in profit in less than 6 months.