• foggy@lemmy.world
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    1 year ago

    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.

    • dream_weasel@sh.itjust.works
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      1 year ago

      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.

    • YtA4QCam2A9j7EfTgHrH@infosec.pub
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      1 year ago

      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.

      • foggy@lemmy.world
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        1 year ago

        If you think my $100 position will make a measurable difference, you’re calculably incorrect.

        However 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.

        Compounding interest is a hell of a drug.