this post was submitted on 05 Jan 2024
710 points (94.6% liked)
Memes
45899 readers
1375 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I think you're mistaking how little would need to be invested.
I think my dad would start listening to his god-omen stock predicting son after a few missed billions.
"Dad listen, my college tuition? Fuck it. Put it down on Bitcoin in Jan of 2009 and sell on November 9th 2021 for ~$25T."
I'd have over 10 trillion cash after taxes. Literally would have more cash than anyone on earth.
The problem with betting on illiquid securities is that it would guarantee a change in that securities future. I’d probably stick with a big ocean of money to invest in like blue chip stocks because you personally aren’t going to change the market and if you have foreknowledge you can still make billions.
For something like trying to turn 300k into 25T on Bitcoin, yes, absolutely.
You could 100% become a trillionaire without significantly affecting market positions, though, even with just general knowledge and ~50 $100-$10,000 investments.
Compounding interest is a hell of a drug.
I mean yes if you could sell out. That transfer crashes the coin I bet and may have had negative consequences to your ability to cash out.
He wouldn't get his terrabucks, but he'd get a gigabuck or two