this post was submitted on 07 Aug 2023
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I wonder what would be more profitable, buying Bitcoin early, or buying Apple stocks early?
Apple, their stock has split several times
Depends how early, right? First days/months of bitcoin they were trading for fractions of a penny. What’s the ROI from $.0001 to $60,000? And in only 14yrs rather than 40.
ah you're right, a single apple stock has only going up 5800 dollars in the past 40 years, which really shows you just how insane and unregulated crypto is
Insane? Yes. Unregulated, also yes. But if you remove the specific issues with bitcoin itself (like that it’s almost entirely used for speculation so far) and just look at the numbers you can see it’s not out of line for a brand new medium of exchange that starts trading at essentially zero but has the theoretical potential to be a major currency in world trade to have an almost unfathomable upside.
Mcap at launch: basically zero
“Mcap” of world trade: trillions (quadrillions?)
If you can do better, then do better; it's FOSS! Many others have also thought to simply eliminate that pesky price discovery phase.
Totally
What % gain since going public?
25,910.76%
If I'm doing my math right(?), Bitcoin "went public" when MtGox launched at $0.09/BTC, so the gain is 29000/0.09 = 322222 = 32,222,222%.