Good idea?

[cameolangsworth]

In the early days of bitcoin when the first exchanges appeared like in 2010 approximately, how good of an idea would it have been to buy a ton of money worth of bitcoin wuth hacking/security concerns like mt gox but instead on an exchange called new liberty standard?

 

[void]

clearly your model needs a bit more time and love

 

[cameolangsworth]

void said:
clearly your model needs a bit more time and love
Click to expand...

What do you mean? Dont follow...

 

[daniels27]

He is referring to this exchange
https://www.reddit.com/r/CryptoCurrency/comments/xx6bv7/the_first_website_to_buy_bitcoin_went_online_13

In retro perspective, it would have a good idea. But there were many things that did not pull off after all. In the end the price of anything is what it is believed to be worth later on, taking into account any distributions like interest.

 

[cuno]

Whish I had a time machine to buy these coins for a dollar.

 

[cameolangsworth]

daniels27 said:
He is referring to this exchange
https://www.reddit.com/r/CryptoCurrency/comments/xx6bv7/the_first_website_to_buy_bitcoin_went_online_13

In retro perspective, it would have a good idea. But there were many things that did not pull off after all. In the end the price of anything is what it is believed to be worth later on, taking into account any distributions like interest.
Click to expand...

What do you mean many things didnt pull off?

 

[daniels27]

cameolangsworth said:
What do you mean many things didnt pull off?
Click to expand...

I mean that it you buy all that is new, you probably end up with not much gains. You remember NFTs and all those shitcoins?

 

[cameolangsworth]

daniels27 said:
I mean that it you buy all that is new, you probably end up with not much gains. You remember NFTs and all those shitcoins?
Click to expand...

No, why?

 

[daniels27]

cameolangsworth said:
No, why?
Click to expand...

Because all those NFTs are pretty worthless as are other coins. If you invested in those, you probably lost money.