Beyond the boring blockchain bubble

Re:Beyond the boring blockchain bubble by sowbug on Monday August 07, 2017 @12:47AM (#14945373)

More like $1.5B today, if you could even have bought $3,000 worth of bitcoin at that time (early 2009 was weeks after the first block was mined).

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Re:Beyond the boring blockchain bubble by sillysaurus3 on Monday August 07, 2017 @12:53AM (#14945388)

Whoops, thanks. It wasn't until February 2011 that BTC hit $1.00.

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Re:Beyond the boring blockchain bubble by simonebrunozzi on Monday August 07, 2017 @01:17AM (#14945469)

And, buying $3,000 BTC at $1.00 in 2011, means that today you would be worth $10M, not $1M.

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Re:Beyond the boring blockchain bubble by AstralStorm on Monday August 07, 2017 @02:42AM (#14945756)

The trouble with alleged worth is that liquifying this much BTC is going to be problematic even at current market cap.

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Re:Beyond the boring blockchain bubble by makomk on Monday August 07, 2017 @05:33AM (#14946293)

Looking at the activity on Bitstamp right now, I don't think selling a few thousand BTC even affects the price noticably. Someone just sold almost 30,000 BTC for within half a percent of the previous trade - which is basically just the bid/ask spread these days.

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Re:Beyond the boring blockchain bubble by mrb on Monday August 07, 2017 @02:37PM (#14950026)

Not at all... $10M (3k BTC) is a drop in the bucket at current volumes. Bitfinex weekly volume is $640M (200k BTC). http://bitcoinity.org/markets/list?currency=ALL&span=7d

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