Fortune 500Apple’s Week Centered on Tim Cook and QualcommTerm SheetNo, Uber’s Business Model Is Not the ProblemUber‘Nobody Cares About Uber More’: Employees Past and Present Speak Out Against Travis Kalanick’s OustingCEO DailyCEO Daily: Saturday, June 24, 2017BitcoinIf You Bought $5 of Bitcoin 7 Years Ago, You’d Be $4.4 Million RicherLucinda ShenSeven years ago, the value of a single bitcoin was worth a quarter-of-a-cent.Today, that single bitcoin is worth upwards of $2,200.Monday marked the seventh anniversary of what is said to be the first recorded instance of bitcoin used in a real world transaction.Over the course of seven years, bitcoin's value has multiplied 879,999 times over since 2010.If an investor had decided to spend five dollars back then on about 2,000 bitcoins, that stake would be worth $4.4 million today.With $1,200 spent on some 480,000 bitcoins, the investor would be worth at least $1.1 billion today.The early months of 2017 have been particularly heady days for bitcoin.

Since the beginning of the year, the value of the cryptocurrency has surged as it gains legitimacy in countries like Japan.Investors have also come to see the currency as something of a safe haven asset amid geopolitical turmoil — and there's been plenty of that in recent months, in both Europe and the United States.And that first transaction?A software programmer on "Bitcoin Talk" known as Lazlo Hanyecz offered to 10,000 bitcoins for a couple of pizzas.For a least three days, no one took bite of the offer, with Hanyecz writing: "So nobody wants to buy me pizza?Is the bitcoin amount I'm offering too low?"A user eventually paid about $25 for two pizzas.In today's bitcoins, those pizzas cost Hanyecz $22 million.This is an archived post.You won't be able to vote or comment.Today I'm a millionaire (self.Bitcoin)submitted by with today's rise in bitcoin I'm officially a millionaire.I'm gonna cash out over the next 30 days.I'll keep 50 % in bitcoin gold and silver for long-term and the remaining 50 % for a house and vanguard.

You changed my life π Rendered by PID 14409 on app-255 at 2017-06-24 13:10:55.146239+00:00 running 3522178 country code: SG.> > So You Want To Become A Bitcoin Millionaire?Found this on MIT Confessions (originally posted April 10, 2013):MIT Confessions#341I had 14,000 bitcoins this morning.When I was in high school, I built a GPU cluster.I actually got a grant from some company to do it.I ran a little bit of boinc, but I mostly mined bitcoins (this was in 2009 and 2010, when blocks were easy to discover).I just exchanged 12,500 bitcoins.There is a crazy bubble right now and I want out.I made $3,000,000.I have to warn my banks, because they might think it's weird when I start getting dozens of $10,000 Mt.Gox and bitomax deposits.I can't even begin to fathom that.That number means nothing to me, because it is so far beyond my comprehension.What should I do?Should I tell my friends?Will my friends treat me the same if they know that I'm rich?Should I hide it from them and keep living as I normally do?

Would I be lying to them if I do that?I don't want to lie to my friends, but I don't want them to think that I'm rich.And what's more, it looks like whoever this was got very lucky, because less than 12 hours after this was posted Bitcoins started crashing hard for the next straight week:Everything about this just blew me away.I'm answering anonymously because I'm not security-savvy enough to keep myself from being a target.kraken account bitcoinI'm not a millionaire but I've made quite a bit of money on BTC by accident.I had been following bitcoin for a while and made my first purchase a few months before the mtgox hack.buy bitcoin google checkoutThe currency speculation aspect interested me but I don't know enough about how bitcoin works, the legislation involved, etc. to understand it as an investment vehicle.ethereum mining contract

I was, bluntly, interested in the anonymity aspect and wanted to try out silkroad.I bought 100 BTC for an average of $3 a piece.Silkroad didn't work out (surprise!)ethereal oil patchbut over the month I tried, I noticed that my stash had appreciated over 30%.ethereum price notificationI foolishly got way too excited about it and spent another 5 grand on coins at about $5 a piece, then sat on them.bitcoin babaBTC continued appreciating, very quickly, and when the price hit $15 I bought another 500 coins.bitcoin mining in malaysiaFor those following along at home, that put my total at 1600 coins for about 13 grand.bitcoin miner thailand

I was rubbing my hands together gleefully as the price crossed $20 within days.Then $25.And then I got the news that mtgox had been hacked, and coin prices plummeted.warren buffett bitcoinWithin a day, the value of a bitcoin had fallen to less than 10 cents and if I'm remembering correctly, actually approached zero*.I don't know for sure.I had to stop watching the markets.I was extremely depressed.Just days before I'd been so astounded by the returns that I'd been considering liquidating other investments and shifting to bitcoin, against all instinct and logic.Now I was out a huge amount of money in exchange for worthless digital bits of information.Thankfully I make enough money that losing 13k, while very painful, did not ruin me.I spent a few weeks wallowing in my own misery.BTC prices recovered significantly but I didn't trust it anymore.I backed up my wallet and didnt think about it again except for the occasional reminder when some random brick & mortar retailer would start accepting bitcoins as payment.Then a month ago, a friend casually mentioned that he'd discovered this cool new thing called Bitcoin and was ecstatic about how much money he could make.

My heart sank and I knew I would have to talk to my friend about my experience.I was so ashamed of what I'd done but couldn't in good conscience let someone else fall into the same trap.I told him the story like I'm telling it here and he stopped me when he heard how many coins I had."Do you still have them?"They're worth about $35 a piece now."Ifound my wallet file.As of today, I have 1568 bitcoins that are apparently worth about 200 grand.I'm going to let these sit, since I'd already written the money off as lost, but I'm excited for the future.*** Meni Rosenfeld notes in the comments: "The value of a bitcoin did not fall to less than 10 cents.There was a brief period when the traded rate at Mtgox was completely misaligned with the actual value."Since I don't know enough to distinguish, I'll take his word for it.** Update 4/10: This post got a lot more attention than I was expecting.After thinking through the comments and talking with family, I decided to sell some (but not all) of my bitcoins.