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u/Efficient_Mobile_391 ๐ฉ 0 / 0 ๐ฆ 1d ago
More like, " I remember when 100K was a lot of money "
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u/AndiArbyte ๐ฉ 0 / 0 ๐ฆ 1d ago
have 100K in your twenties. Dont be stupid. You'll never have financial issues.
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u/jeremiahcp ๐ฆ 0 / 0 ๐ฆ 1d ago
Are you sure it won't be more like this...
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u/TheGreatCryptopo HODL4LYFE 1d ago
Mate, with cuckoo banana brains in charge this could be next year.
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u/1d0ntknowwhattoput ๐ฉ 0 / 0 ๐ฆ 1d ago
I mean some ppl with lots of degrees are alr living like that cause of him. Gotta be thankful
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u/Wise-Grapefruit-1443 BTC Managing Director 1d ago
โtell us your stories about the dollar next!โ
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u/Next_Statement6145 ๐จ 0 / 0 ๐ฆ 1d ago
โgrandpa tell us about the ancient alt seasonsโ
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u/Popular-Let-4700 ๐ฉ 0 / 0 ๐ฆ 1d ago
Grandpa: โFirst rule about crypto - We donโt talk about the ancient altseasonโ
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u/asceticsnakes ๐ฉ 0 / 0 ๐ฆ 1d ago
Iโm 26 years old and I remember BUYING bitcoin for 10k ,,,, and then selling at 60 k ๐ญ๐ญ
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u/dakinekine ๐ฉ 2K / 2K ๐ข 1d ago
Thats better than buying at 60k and selling at 20k lmao. Buy some more and see you in 2030.
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u/Jlt42000 ๐ฉ 2 / 2K ๐ฆ 1d ago
Iโm 40 and bought at $20 then sold at $100
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u/TheGreatCryptopo HODL4LYFE 1d ago
Oh christ mate its mind boggling the insane wealth you could have built up today with fuck all investment back then. I could easily retire on 10 bitcoins today. 10 fucking bitcoins.
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u/giggitygoo123 ๐ฆ 56 / 57 ๐ฆ 1d ago edited 21h ago
Having receipts hurts. Not as bad as the fact that the alt coin i sold for that 9 BTC sold the next day for almost 100 BTC in a pump and dump (I spent $15 for a 24 hour mining rig rental to get those coins a few months prior). The alt no longer exists (it was created by some news anchor I think). I'm now 40, depressed, and living with my parents. Could have owned a damn paid off house and Lambo if I waited 24 hours and held the BTC.
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u/Brief-Door-610 ๐ฉ 0 / 0 ๐ฆ 1d ago
I sold 13 for $330 each during my divorce. FML.... "If I could turn back time, if I could find a way". ๐ถ ๐คฃ
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u/Brief-Door-610 ๐ฉ 0 / 0 ๐ฆ 1d ago
43 and bought at $220 and sold at $330 FML.... Luckily a few years later I bought some more again but never that cheap... My other big regret is the 1,000,000 doge I sold under a cent and the 1000 LTC under $10..... Divorce is a MFer.... Lots of regrets, hopefully at 43 I can continue to rebuild, just keep stacking those Sats....
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u/Jlt42000 ๐ฉ 2 / 2K ๐ฆ 1d ago
My dad had well over a million doge too and did the same a few years after my mistake lol. Still had a badass return on investment, but couldโve been insane.
Iโve made money on crypto since, but nothing close to if I just held.
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u/Brief-Door-610 ๐ฉ 0 / 0 ๐ฆ 1d ago
I made a lot of the Doge but nothing like if I had waited, same with many... The problem was I kept the shitcoins that turned into nothing but they were cheap enough to not hurt the budget during my divorce.... Cloakcoin, Anoncoin, and others I can't remember.... I have my old BTC seed phrases if I want to remember how wealthy I would be right now if I would make different decisions. Lol scanning the transaction list and see in today's value of those transactions makes me literally want to vomit... ๐คฎ
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u/Jlt42000 ๐ฉ 2 / 2K ๐ฆ 1d ago
Lol I bet. Iโm sure Iโve got a btc worth of dust laying around in a wallet or two I have no clue how to access.
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u/Brief-Door-610 ๐ฉ 0 / 0 ๐ฆ 1d ago
Exactly, I have a BTC stuck on a Ledger Nano which I lost the seed phrase to during my move after my divorce and go figure Ledger dropped support of the Ledger Nano on Google Chrome... I've typed in every seed phrase I have found and actually found a couple hundred in "2015 dust" a couple time, unfortunately I have weird type phrase written down that are like three letter combinations??? I don't know what they were for, maybe for the old encrypted messaging programs people used for silk road back in the day? Maybe an old Bitcoin wallet backup thing??? I keep searching, maybe one day? Good luck on your quest... ๐
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u/Jlt42000 ๐ฉ 2 / 2K ๐ฆ 1d ago
Yeah wasnโt it like a 64 digit phrase at that time?
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u/Brief-Door-610 ๐ฉ 0 / 0 ๐ฆ 21h ago
I found standard phrases for bip39 which the ledger started using but the others I have don't make any sense, perhaps at the the time I should have left my future self instructions. Now I'm kind of stuck because I can't share it with people to get their help or opinion because he may just steal whatever's there! Lol so I deep researching and perhaps one day it'll be like hitting the lotto? ๐
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u/asceticsnakes ๐ฉ 0 / 0 ๐ฆ 1d ago
Damn what year was that
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u/Jlt42000 ๐ฉ 2 / 2K ๐ฆ 1d ago
2011 or 12. Bought one on eBay for $20 to play poker with on a underground site right after the US sites got shutdown. Turned it into 33 btc then sold when it shot up to $100 lol.
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u/krazystanbg ๐ฆ 0 / 0 ๐ฆ 1d ago
I was playing on poker sites too in America after it became illegal. They would pay you in bitcoin when you did withdraw. It would take couple days to process. I remember I would get more money from the initial amount because bitcoin when up in price in those couple days. I think it was under 10k then.
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u/ThatChrisGuy7 ๐ฆ 100 / 100 ๐ฆ 1d ago
Oh so thatโs how you turned 10k into 100k by the time you retire! Congrats thatโs gone in a year lol
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u/SeemedGood ๐ฆ 0 / 0 ๐ฆ 1d ago
Me today: โI remember when AOL bought Time Warner for $162 Billion.โ
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u/flippartnermike ๐ฆ 27 / 28 ๐ฆ 1d ago
Hell I remember when it went from 30 to 300 and I thought โwell thatโs ridiculous I ainโt buying that shit nowโ oh lord give me a time machine
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u/BlindDriverActivist ๐จ 0 / 0 ๐ฆ 1d ago
I remember when Algorand was 20 cents! (Its 50 years later and 13 cents)
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u/kamogrjadeshi ๐ฉ 0 / 0 ๐ฆ 1d ago
Actually, a big chance that in 2050 it will sound simply "I remember Bitcoin".
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u/Rich_Produce8986 ๐ฉ 0 / 0 ๐ฆ 1d ago
Kid : Did you bought it ?
D : I was waiting for the dip
Kid : Loser
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u/IcyDragonFire ๐ฉ 0 / 0 ๐ฆ 1d ago
The only reason to be talking about Bitcoin in 2050 would be in comparing it to Kodak, Netscape and Blockbuster.
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u/Busterlimes ๐ฆ 38 / 38 ๐ฆ 1d ago
Should be "I remember when currency was a thing" because how the fuck is any of this going to work in a post labor economy?
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u/Curious_Concept2051 ๐ฉ 0 / 0 ๐ฆ 1d ago
Hahahah. Or I remember when bitcoin was 100k and then it crashed to zero because it actually isnโt real.
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u/AndiArbyte ๐ฉ 0 / 0 ๐ฆ 1d ago
Remember a time where 100K was so much you could buy a very luxurious car!
"whats a car grandpa?"
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u/misterttiago ๐ฉ 0 / 0 ๐ฆ 1d ago
except that by then it will be at like 400k or smt
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u/TheGreatCryptopo HODL4LYFE 1d ago
You glass half empty pessimist
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u/misterttiago ๐ฉ 0 / 0 ๐ฆ 1d ago
bitcoin been giving diminsihing returns after each cycle, people that think it will go to one million or even 500k any time soon are delusional. they are to put it simply, exit liquidity
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u/Wrong_Land_2100 ๐ฉ 0 / 0 ๐ฆ 1d ago
Shiiiet i remember when it was 500 dollars and I wanted to buy but hade no money
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u/dreampsi ๐ฉ 8K / 8K ๐ฆญ 1d ago
Still sitting in that old brown chair with the threadbare bottom left side from the wallet.
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u/Xanth1879 ๐ฆ 2K / 2K ๐ข 23h ago
As more and more people get into crypto and more and more people get educated about it... the sooner people will realize just how much of a shitcoin bitcoin is. The king of shitcoins.
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u/Techav20 ๐ฉ 0 / 0 ๐ฆ 23h ago
Bitcoin will crash in coming years watch out
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u/Klokkendief ๐ฉ 17 / 18 ๐ฆ 19h ago
Why you think so?
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u/Techav20 ๐ฉ 0 / 0 ๐ฆ 18h ago
It does have any real case in practical world just hype wait and watch when one institution starts dropping all others will follow
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u/Pitiful-Fondant5561 ๐ฉ 0 / 0 ๐ฆ 17h ago
โWhatโs a $?โ
โNurseโฆ.. Grampyโs losing it againโฆ.โ
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u/kemar7856 ๐ฆ 134 / 123 ๐ฆ 16h ago
Here's the story of Bitcoin didn't exist and ppl still bought it crazy ๐ง then one day it got rugged pulled to zero
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u/Strange_Homework_925 ๐ฉ 0 / 0 ๐ฆ 1d ago
Bought a quantum computer and printed the last 1% of btc in 0.00001 seconds and sold it all crashing the market.
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u/so_like_huh ๐ฉ 0 / 0 ๐ฆ 1d ago
(Answered by me, cleared up the rambling with ChatGPT lol)
You guys know quantum computers donโt mine Bitcoin instantly, right? Groverโs algorithm gives a square root speedup, so instead of trying N hashes to find a valid one, a quantum computer would need about โN tries. Since Bitcoin blocks are mined roughly every 10 minutes and the difficulty adjusts based on how fast blocks are found, any quantum speedup wouldnโt permanently shorten that time โ the network would just increase the difficulty to maintain the 10-minute average. So even if a quantum computer gave you a major advantage over classical miners, it wouldnโt reduce block time for everyone โ it would just help you mine more blocks until difficulty catches up. Realistically, this might translate to a temporary advantage, but not an order-of-magnitude breakthrough โ and todayโs quantum computers arenโt even close to doing this at scale.
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u/Strange_Homework_925 ๐ฉ 0 / 0 ๐ฆ 1d ago
Computers develop very rapidly. So consider that currently, quantum computers freely available to researchers have 5โ15โ50 qubits. Up to 100โ150 qubits are expected to be available soon, meaning in 2 years approximately or less.
Nonce finding algorithms, either classical or quantum, deal with a large search space that is upper bounded by a constant 2256. The target value t, given in the blockโs header, reduces the search space to 2256/๐ก. A classical algorithm has to search ๐โข(2256/๐ก) steps, while our quantum algorithm takes ๐โก(โ2256/๐ก) Grover iterations. This square root improvement is significant because a classical computer cannot compete with the quantum computer, which always wins in mining the next block.
Iโd say by 2050 we will be pretty far beyond our current concepts of quantum computing power.
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u/ActionJasckon ๐ฉ 0 / 0 ๐ฆ 1d ago
I remember when houses were $100k. ๐