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/r/allDanish Bitcoin billionaire new sponsor of professional Danish ice hockey team. Stadium to be renamed "Bitcoin Arena" and get a huge Bitcoin logo in the middle of the ice! (business.dk)

submitted by swahlgren

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[–][deleted]  (172 children)

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    [–][deleted] 230 points231 points  (125 children)

    How do you avoid those comments though, the mind just keeps tricking you into thinking that's actually a possibility.

    [–][deleted]  (119 children)

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      [–][deleted] 403 points404 points  (59 children)

      Yeah but I really do wish I would have bought them when they were $100. I mean I could be a millionaire right now.

      [–]legos_on_the_brain 93 points94 points  (36 children)

      I wish I had bought them and continued mining when they were less than $10...

      [–]FestiveInvader 41 points42 points  (31 children)

      That’s the big one for me. I could’ve mined with my 1070 up till like January and would’ve made a pretty penny. But I was like “nah, it’ll burn out the card”

      Edit: okay, couldn’t have mined on a 1070. Makes me feel slightly better about being me ;) tbh I stopped looking into it after I decided I didn’t want to reduce my shiny GPU’s lifespan.

      [–]CloudColorZack 38 points39 points  (24 children)

      You could have never mined Bitcoin with a 1070, but you can still mine alts for $2-3 a day with that card.

      What's stopping you now?

      [–]Rahavin 8 points9 points  (8 children)

      What's stopping me is ignorance. Any way to ELI5 how to do this? Just purchased a new machine a short time ago.

      [–]PM_Poutine 2 points3 points  (0 children)

      Get a vertcoin wallet and the one-click miner. It takes several clicks to set up (and there are YouTube tutorials available), but after the initial setup is done, you can get it start and stop it whenever you want with a single click.

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          [–]legos_on_the_brain 6 points7 points  (1 child)

          1070

          If you are mining when that card was available you wouldn't pay for electricity. Years late.

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              [–]mathaiser 3 points4 points  (1 child)

              We know. All of us know, and all of us feel the same. Thank you.

              I think that’s what he is trying to say! Ha. <3

              [–][deleted] 2 points3 points  (0 children)

              Thanks for the sweet comment, I love the positivity :)

              [–]poopthugs 14 points15 points  (10 children)

              Not to late to take a gamble on an Alt coin.

              If you dont mind losing 2 grand put it down on Nav Coin or something and come back in 5 or 10 years

              [–]bickykid 13 points14 points  (7 children)

              Got to the cryptoparty quite late. My money is now with NAV Coin. If it moons like this, my home town will have the NAV Arena in 10 years!

              [–][deleted] 11 points12 points  (0 children)

              I'm all about them Dogecoins.

              EDIT: HOLY SHIT. I was joking, but I just looked and apparently the Dogecoins I mined over Christmas Break 4 years ago are worth over $50. I hadn't checked their value in years. I think it was like $3 last time I looked.

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                    [–]ElectronD 18 points19 points  (38 children)

                    I can't wait for "Man I wish I had sold when they were 15000$ so I could be a millionaire now".

                    The facts are when new buyers dry up it will collapse. People who don't want to wait 10+ years for some kind of recovery will dump and lose.

                    [–]XxRobertBoucherXx 2 points3 points  (1 child)

                    Most people are just “talking” though, they don’t follow through

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                      [–][deleted] 7 points8 points  (11 children)

                      I know, but how do you avoid those thoughts, the one you just quoted, it's so hard to not think that way, and I'm sure a lot of people literally get depressed or anxious with those constant thoughts that continue popping into their heads each time they see the current price.

                      [–]suninabox 27 points28 points  (4 children)

                      You can sit at a roulette wheel all day and think to yourself "damn I should have bet the house on 32 Red, I'd be a millionaire now"

                      Or you can think that you didn't actually know what was going to happen so its stupid to beat yourself up for not taking a risk you had no idea would pay off.

                      When Bitcoin hit $1200 for the first time it later dropped down to the mid 200s for nearly an entire year. If at some point you needed to spend those bitcoins you would have lost over 80% of what you put in.

                      you don't hear the stories of people who lost huge amounts of money on bitcoin because people don't tend to brag about their failures.

                      [–]KevlarGorilla 19 points20 points  (0 children)

                      One time I played so much Guild Wars that I almost failed out of third year University.

                      I wasn't even good at it, I just played a lot.

                      [–]abolish_karma 5 points6 points  (1 child)

                      That would make sense if you had a whitepaper clearly outlining how 32 Red would be a superior choice with a clearly favorable risk/reward profile.

                      My best financial advice (that I did not take myself) "come on, you can afford to lose $100 on bitcoin" back in 2012. That guy just kept his 12 coin stash all that time since that.

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                        [–]Downvotesohoy 21 points22 points  (3 children)

                        I have no idea how to avoid having them, but avoiding posting them seems pretty simple IMO. Like, there's no one out there who wouldn't have bought bitcoin at 100$, knowing what we know now.

                        [–][deleted] 7 points8 points  (0 children)

                        well avoiding those thoughts is the first step to a healthy mind, and if not avoiding them, then learning how to block them immediately as a negative thought. We need to teach them on how to avoid those thoughts or block them, so that they don't post them.

                        But more than posting, those thoughts can drive people crazy, even suicidal. it's a real issue.

                        [–]danthemango 6 points7 points  (1 child)

                        All you had to do was predict the future. It's so simple.

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                            [–][deleted] 15 points16 points  (0 children)

                            You deal with it a lot as a day trader, "oh damn if i had only gotten in there, or got out there I'd be a millionaire right now." Could be once a day or couple be ten times a day.

                            You eventually learn to create solid trading plans and stick with them without allowing your personal bias to interfere with buy/sell orders.

                            It's hard but it's a trained skilled.

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                              [–]angrylawyer 20 points21 points  (1 child)

                              Or it's the generic story about how they used to have N bitcoins back when they were worthless, but now they've sold/forgotten/lost them!

                              [–]waltwalt 4 points5 points  (0 children)

                              Oh man I got this great story about Bitcoin, once my roommate mentioned it to me and I said it was a fad. I was that close to being a millionaire now!

                              [–]wee_man 16 points17 points  (5 children)

                              Anyone who bought at $200 would have sold at $1000

                              [–]MontyAtWork 8 points9 points  (0 children)

                              You know that our parents commiserated endlessly around the water cooler about this same shit during the Dot Com boom, right? Like this is in no way new to have everyone complain about not getting in on an "obvious" opportunity. People did it with computers and video games also, when both were tiny companies only.

                              Stop complaining about the complaining, just downvote and move on. My grandpa still bitches about not "Buying in at IBM when his friend did". This is just our generation's first truly "new" thing that took the world by storm and got people rich.

                              [–]quantythequant 5 points6 points  (0 children)

                              These are the same people that would’ve sold at $2 after buying for $1.50.

                              Ignore and move on.

                              [–]Farkeman 4 points5 points  (1 child)

                              /r/bitcoin - a forum about one of the most revolutionary technologies in the past decade. Filled with moon memes and "if only I bought coins in 2010" bullshit.

                              Sometimes little bear wakes up in me and I want for bitcoin to drop 50% and stay there for few months just to have some real discussion going.

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                                [–]syntaxerrror 331 points332 points  (3 children)

                                Here is a Danish article without pay wall

                                https://finans.dk/erhverv/ECE10115135/dansker-bliver-verdens-foerste-sportsudoever-til-at-faa-loen-i-bitcoins/?st=1&ctxref=forside

                                [–]phaeton83 397 points398 points  (17 children)

                                Dude looks exactly like you would expect.

                                [–]-MURS- 17 points18 points  (11 children)

                                I see no picture in the article

                                [–]phaeton83 47 points48 points  (0 children)

                                I'm not sure where it came from but I was looking at the picture in the thumbnail

                                [–]Kuskesmed 20 points21 points  (8 children)

                                https://www.linkedin.com/in/niklas-nikolajsen-0a452848/

                                [–]CedarCabPark 35 points36 points  (6 children)

                                That sounds like a stereotypical name that someone who hates the Danish would make up. Haha.

                                [–]bigweiner 2 points3 points  (0 children)

                                Niklas Nikolajsen

                                Or as I call him, Nik.

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                                  [–][deleted] 3 points4 points  (0 children)

                                  Jumped straight off a Dutch Masters cigar box.

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                                    [–]oleitas 70 points71 points  (229 children)

                                    Is this good for bitcoin?

                                    [–]ScipioLongstocking 110 points111 points  (227 children)

                                    Since Bitcoin supply is constant the price is entirely determined by demand. The best way to increase demand is exposure.

                                    [–]Z0di 49 points50 points  (225 children)

                                    I.E. it's a pyramid scheme.

                                    I'm going to laugh my ass off when this sub enters crisis mode as the price keeps dropping as everyone pulls out.

                                    [–][deleted]  (173 children)

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                                      [–]Z0di 83 points84 points  (169 children)

                                      No, because those companies do things.

                                      If the company only existed to sell stock, and investors bought in on the idea that they could get other investors to invest in it and then pull out when they feel they've made enough, then you'd see more companies like that. That's essentially what bitcoin is; stock for a company that makes nothing.

                                      [–]water_ya_dune 28 points29 points  (35 children)

                                      What does gold do?

                                      [–]Redbellyrobin 2 points3 points  (2 children)

                                      Gold has a minimum value, it has utility, it has been used as a regulation for currency for at least a thousand years. Bitcoin is literally just stocks with nothing backing it, if lots of people just decide to pull out one day, it's a goner. With gold you can't really just pull out...

                                      [–][deleted] 10 points11 points  (18 children)

                                      Gold is a precious mineral. It has scarcity and actually has value outside of the stock market. It's used in jewelry, dentistry, and tons of electronics.

                                      In other words, gold has a floor. Bitcoin doesn't. This means while it can infinitly go up, it can also infinitly go down.

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                                        [–][deleted] 36 points37 points  (32 children)

                                        Bitcoin does things too. It has amazing utility as a unit of account, store of value, decentralized network, and countless other applications. It is arguably more valuable than any single company, as the things it does can be utilized by anyone, BTC is not specialized to doing one thing.

                                        [–]Kallipoliz 22 points23 points  (21 children)

                                        I can't even buy steam games with bitcoin.... currencies can't be volatile

                                        [–][deleted] 10 points11 points  (13 children)

                                        That’s Steam’s doing. Not Bitcoin’s. Do they accept gold?

                                        [–]Kallipoliz 3 points4 points  (12 children)

                                        That's the point though. They dropped it because it was too annoying of a currency. Can I walk into MC'ds with some gold and buy a big mac? No? Well, it's a shit currency then.

                                        [–]RG_PankO 2 points3 points  (4 children)

                                        It is a shit currency today, yes.
                                        It's more of a store of value.
                                        However very bright engineers are working on infrastructure to support it as a currency.
                                        It's worked on.

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                                              [–]CommanderSiri 10 points11 points  (3 children)

                                              That doesn’t matter, publicly traded stocks are almost entirely based off speculation just like Bitcoin. It’s only worth something because other people think it’s worth something.

                                              Most stocks don’t pay dividend, don’t grant voting rights, and are not going to liquidate. Even if it does, you can bet your ass the regular joe stockholder ain’t going to see a dime of that liquidation.

                                              This means realistically a stock does nothing for the stockholder, and the only way people are going to cash out on stocks is to sell it to another person.

                                              [–]Z0di 2 points3 points  (1 child)

                                              The difference is that stockholders can pay attention to the company's actions and decide if they want to stay in or pull out.

                                              For bitcoin, it's looking at whetheror not other people are staying in or pulling out; it's an economic bubble within a ponzi scheme.

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                                                          [–]swahlgren[S] 746 points747 points  (17 children)

                                                          Also: Top player in team will be paid in Bitcoin. :D

                                                          Translated article: https://translate.google.com/translate?sl=da&tl=en&js=y&prev=_t&hl=da&ie=UTF-8&u=https%3A%2F%2Ffinans.dk%2Ferhverv%2FECE10115135%2Fdansker-bliver-verdens-foerste-sportsudoever-til-at-faa-loen-i-bitcoins%2F&edit-text=

                                                          [–]AdVoke 423 points424 points  (0 children)

                                                          If the players choose to accept bitcoin. They can choose DKK also.

                                                          [–]MrMrRogers 55 points56 points  (12 children)

                                                          Know what his first born will be named?

                                                          [–]lilnomad 126 points127 points  (7 children)

                                                          Satoshi Bitcoin

                                                          [–]jdjimen3 31 points32 points  (5 children)

                                                          Bitcoin Nakamoto

                                                          [–]realjohncenawwe 25 points26 points  (4 children)

                                                          Satocoin Bitkamoto

                                                          [–][deleted] 6 points7 points  (1 child)

                                                          Chain Block

                                                          [–]fixone 2 points3 points  (0 children)

                                                          satoshi nakamotosen, he's Danish after all

                                                          [–]nattypnutbuterpolice 2 points3 points  (1 child)

                                                          Biltfred Eincoin?

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                                                            [–][deleted] 3 points4 points  (2 children)

                                                            I am sure his second born will be Charlie Lite :)

                                                            [–]MrMrRogers 2 points3 points  (0 children)

                                                            I'm sure he'll only give him 1/4th the love, by design.

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                                                                [–]smileistheway 26 points27 points  (2 children)

                                                                Yeah paying only one member in a different manner than the rest of the team is a terrible, terrible idea.

                                                                [–]pkofod 13 points14 points  (1 child)

                                                                They got the choice and some want partial btc partial dkk

                                                                [–]Guesty_ 28 points29 points  (0 children)

                                                                this guy is from the alternate reality where he didn't throw away his hard drive of thousands of bitcoins.

                                                                [–]greenredshark 394 points395 points  (61 children)

                                                                I bought in at 17,000k i one day aspire to be like him. Am i right guys!?

                                                                [–]redybear 96 points97 points  (5 children)

                                                                You must have bought it in the future, 2019 price?

                                                                $17million per bitcoin ;)

                                                                (17,000k)

                                                                [–]Cchhooww 14 points15 points  (2 children)

                                                                I think he means 17,000k figures.

                                                                [–][deleted] 2 points3 points  (0 children)

                                                                Congratulations! You've broke the world economy.

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                                                                  [–]ChmHsm 75 points76 points  (53 children)

                                                                  Unlikely, but you'll definitely get profit.

                                                                  [–]Dr_Hibbert_Voice 280 points281 points  (47 children)

                                                                  Unlikely, but you'll definitely potentially get profit.

                                                                  [–]ChmHsm 32 points33 points  (40 children)

                                                                  How about "probably"?

                                                                  [–]Dr_Hibbert_Voice 69 points70 points  (39 children)

                                                                  Well, I'm an optimist, so I would agree with probably. But... I do my best not oversell anything to friends/strangers, especially when it comes to money.

                                                                  [–]Enchilada_McMustang 8 points9 points  (5 children)

                                                                  Someone probably said the same thing when it hit $100

                                                                  [–]Dr_Hibbert_Voice 37 points38 points  (0 children)

                                                                  And they would have been correct then, same as now.

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                                                                        [–]hybridsole 72 points73 points  (0 children)

                                                                        This is the guy who helped make those amazing Bitcoin Suisse funded paper wallets a few years back.

                                                                        https://physicalbitcoins.co.uk/bitcoin-goods/cold-storage-wallets/133-2

                                                                        [–]Qubane 81 points82 points  (17 children)

                                                                        I've met this guy once at a meetup. Didn't know he was a billionaire. Or maybe he wasn't yet back then.

                                                                        [–]yourslice 91 points92 points  (16 children)

                                                                        I'm friends with him. He's a billionaire in Danish currency not US dollars or Euros (as for now).

                                                                        [–]BoldRedSun 33 points34 points  (11 children)

                                                                        Well it looks like he was already quit rich before he got into Bitcoin in 2013, according to Wikipedia.

                                                                        [–]suitology 25 points26 points  (1 child)

                                                                        I'm a trillionaire in the old Zimbabwean dollars.

                                                                        [–]Vaztes 15 points16 points  (0 children)

                                                                        The conversaion rate is about 6.3 dkk to 1 usd, so having a billion dkk isn't that shabby.

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                                                                          [–]rulerdude 12 points13 points  (3 children)

                                                                          To everyone complaining about not buying when it was low, just be glad you're not like my co-worker. He bough 10-15 when they were generally new, maybe about 10-15 bucks a piece. But he lost the hard drive years ago

                                                                          [–]thegame2531 45 points46 points  (0 children)

                                                                          Kmart brand version of the most interesting man in the world

                                                                          [–]sg77 61 points62 points  (3 children)

                                                                          Is that Les Claypool?

                                                                          [–]Yanlii 278 points279 points  (63 children)

                                                                          Imagine a huge stadium with a Dollar, Yen or Euro sign...#notacult

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                                                                            [–]-MURS- 70 points71 points  (21 children)

                                                                            It's barely a currency. It's like commodities trading at this point in time.

                                                                            [–]wellthatsucks826 40 points41 points  (8 children)

                                                                            except in practicality its actually worthless! yay bubbles

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                                                                              [–]I_Just_Ruined_It 5 points6 points  (5 children)

                                                                              I've been thinking I need to diversify as well. Just waiting for the dip on tulips.

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                                                                                    [–]jhundo 8 points9 points  (2 children)

                                                                                    The Dollar Dome. Has a nice ring to it.

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                                                                                          [–]Mangalz 43 points44 points  (3 children)

                                                                                          Lambos and ... hockey teams??

                                                                                          [–][deleted] 29 points30 points  (0 children)

                                                                                          That NEEDS to be the new Bitcoin catch phrase. "Bitcoin. Lambos and hockey teamsTM "

                                                                                          [–]klethra 2 points3 points  (1 child)

                                                                                          The Minnesota dream

                                                                                          [–]da_doctori 580 points581 points  (222 children)

                                                                                          Articles like these make me hate my self for not buying at $100-200 a Bitcoin

                                                                                          [–]Radulno 967 points968 points  (138 children)

                                                                                          There was one point you could have bought Apple, Amazon, Tesla or any other stock dirt cheap. Hindsight is 20/20.

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                                                                                              [–]ugfish 55 points56 points  (16 children)

                                                                                              Look at Amazon 5 years ago. If you put a significant investment in just a few years back you would be making it out quite well; some might say there would be significantly less risk as well.

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                                                                                                      [–]Subwayabuseproblem 16 points17 points  (0 children)

                                                                                                      You could sell that house and buy bitcoins like that one guy. He's super rich now /s

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                                                                                                          [–]YourMumIsAVirgin 4 points5 points  (1 child)

                                                                                                          Are you trying to say five years ago amazon was not a tech stock? Think that might be your problem there mate.

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                                                                                                            [–]VirtualMoneyLover 7 points8 points  (5 children)

                                                                                                            AMZN,MSFT,AAPL,GOOG all made stupid money AFTER their IPOs.

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                                                                                                                [–]turtleneck360 41 points42 points  (5 children)

                                                                                                                This is dangerous investing. If all it takes is simply to throw money at small companies then many people would be wealthy. You need to view what you’re doing as playing the lottery. Buying a bunch of lottery tickets would make you rich as long as you hit one right? But most people don’t put much into lottery or at all because the likelihood is so minuscule. It’s a much safer choice to keep putting into your 401k. Crypto and stock market gambling should be a small portion of your investment portfolio.

                                                                                                                [–]vlindervlieg 5 points6 points  (1 child)

                                                                                                                I think that the odds are way better than at the lottery, otherwise no rational human being would invest at all in stocks. But you're absolutely right that this is not a safe or reasonable way to save for retirement, it's more like gambling, but with much better odds. That's my thinking about hodling bitcoin. I don't see it as a real investment, but I enjoy the universe around it where you can learn a lot about current technological trends and also you can make bets on the future development of certain software projects aka cryptocurrencies.

                                                                                                                [–]just_a-prank_bro 3 points4 points  (0 children)

                                                                                                                I think that the odds are way better than at the lottery, otherwise no rational human being would invest at all in stocks

                                                                                                                Putting your money in blue chips is very different from buying small-cap companies in the hopes that they'll experience dramatic growth. A diversified basket of blue chip companies is historically an excellent bet, odds very much in your favor to beat inflation and the supposed experts who chase bigger returns. Buying small-caps is much riskier and the odds are against you.

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                                                                                                                      [–]the_fat_whisperer 10 points11 points  (11 children)

                                                                                                                      Yup, you only wish that now because you know the outcome. Bitcoin isn't the only investment that could have paid off between then and now. There are risky investments to be made today that will pay off but the difference is we don't know which ones.

                                                                                                                      [–]turtleneck360 14 points15 points  (9 children)

                                                                                                                      Yeah people harping on if they only bought btc when it was $10. Well realistically if you owned 300 btc when it was $10, you would have also sold when it was somewhere around $50 or $100. No rational person would hold it for this long when they saw a 5-10x growth. Most of the people hitting it rich are people who bought and then never bothered to look at btc prices until recently.

                                                                                                                      [–]traumamel 5 points6 points  (4 children)

                                                                                                                      So true. I wanted to buy bitcoin in 2012, but it looked too hard to buy at the time, as I was used to just going in a store to buy gold or silver for investments.... and being handed it right there. Wallets, exchanges, etc were foreign to me. But in truth, I would have sold it when it went up just a little. I know myself 😃 so not too upset.

                                                                                                                      [–]ScipioLongstocking 4 points5 points  (0 children)

                                                                                                                      Also if everyone held onto it, it would have never reached the price it's at today.

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                                                                                                                          [–]keepchill 49 points50 points  (56 children)

                                                                                                                          There was at time around 5 years ago I could have bought bitcoin for 30 cents and now it's $16,700. No other stock in history has compared. Not even close. I sat at a computer and watched a friend do it and he is now a multimillionaire.

                                                                                                                          [–]Gredenis 18 points19 points  (14 children)

                                                                                                                          I wanted to start invest in Bitcoin in early 2015.

                                                                                                                          My company went bankrupt in March 2015 and I couldn't find a job until September 2017. So needless to say, I don't own any bitcoin.

                                                                                                                          I am a little salty, but I know it's just money and there will be a new opportunities in the future.

                                                                                                                          [–]keepchill 18 points19 points  (13 children)

                                                                                                                          You are far from the only one a little salty. I know literally hundreds of stories just like yours. I've said this before, but I think "bitcoin depression" could be a very real thing in the near future. Shit, I feel it everyday. Everyday I live with the reality that it was once at a coinflip decision and I made the wrong one that cost me hundreds of thousands at the risk of a few dollars. And I get the whole, "you would have sold already" argument, but honestly, I probably would not have. If I had invested, I always planned to just kind of forget about it and let it sit.

                                                                                                                          [–]jargoon 28 points29 points  (1 child)

                                                                                                                          I can confirm the “you would have sold already”, because that’s exactly what I did. Bought in at $1, sold at $40, made a nice little profit. No regrets though, nobody could have predicted the insanity of the last year back then.

                                                                                                                          [–]keepchill 15 points16 points  (0 children)

                                                                                                                          oh absolutely. Most people would say you're insane not to cash out at 40x growth.

                                                                                                                          [–]Gredenis 12 points13 points  (7 children)

                                                                                                                          Yup. There was a story while back on reddit about a guy who committed suicide and Bitcoin was probable reason why.

                                                                                                                          I though about if I'd bought, say, 4000 bitcoins for 30 cents each, I'd like to think I'd sold 1000 for $5 each, 1000 At $100 each, 1000 at $1000 each, 950 at $10000 each and rest to just see how far it'd go.

                                                                                                                          I might not have done this but at least there is logic (you get your investment back, and you still get decent return if Bitcoin never made it past $100.

                                                                                                                          [–]bunfuss 11 points12 points  (3 children)

                                                                                                                          I had 100 at $3, sold at $10 for some weed and acid on silk road. Can't say I'm depressed about it all though, life happens and I made my choices. I just wish I could go back to that old wallet. I know I never sent it all for the order, so I probably have 1-2 btc in change just sitting there; not to mention the change the feds grabbed from silkroad and alphabay. Prolly another whole btc.

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                                                                                                                            [–]Vaztes 5 points6 points  (1 child)

                                                                                                                            Fuck it dude. Nobody could have predicted this. It's of literally NO use to feel bad over something that never happened.

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                                                                                                                              [–]swango47 6 points7 points  (1 child)

                                                                                                                              Lol feelsbadman

                                                                                                                              [–]GalacticCarpenter 5 points6 points  (0 children)

                                                                                                                              I wish I had bet on black.

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                                                                                                                                  [–][deleted] 88 points89 points  (12 children)

                                                                                                                                  You could have never known. I had a mate who we convinced to buy a shit ton of bit coin under a dollar because he got inheritance money from an uncle and we thought we were funny one night playing csgo

                                                                                                                                  Pretty sure he still has some, we lost touch when he sold a bunch and moved to eu.

                                                                                                                                  He never thought out would get high, we never did, no one knew. Don't feel bad, these people are just extra lucky. Like my friend

                                                                                                                                  [–]ff6878 8 points9 points  (7 children)

                                                                                                                                  Eh, a lot of people 'knew'. A lot of them are what I would consider pretty crazy individuals in various good and bad ways. But they deserve their credit for sticking with their plan, taking their risk, and being rewarded for it. Many of them had what I consider foolish and wrong reasons for why they thought BTC would gain value*. But at the end of the day it didn't and doesn't matter what weird economic view or political delusions they hold, they still won the game.

                                                                                                                                  *Although the general idea about high demand for something that's inheretly limited in supply wasn't and isn't wrong. Lots of people could do the math regarding that. The issues are more about how, where, when, and why that demand would arise. But like I said, it doesn't really matter.

                                                                                                                                  [–]Vaztes 11 points12 points  (6 children)

                                                                                                                                  Lol nobody knew. You can make an educated guess and decide to go "all or nothing" and it paid off, but nobody who bought at under a dollar knew.

                                                                                                                                  [–]Ianerick 2 points3 points  (0 children)

                                                                                                                                  if you mean "knew" as in 100% positive it would get this popular, yeah sure nobody can tell the future but that's being pedantic. Plenty of people realized that this was the start of something and that this type of currency, if not specifically bitcoin, would become popular

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                                                                                                                                      [–]da_doctori 56 points57 points  (15 children)

                                                                                                                                      It's funny cause back then I told my self $100-300 a Bitcoin was too expensive but now knowing what they are going for $100-200 was a steal

                                                                                                                                      [–]Mescallan 23 points24 points  (5 children)

                                                                                                                                      if it hits 100k its a steal right now. realistically its tulips, but it might happen.

                                                                                                                                      If you can justify not buying now, you shouldn't feel bad about not buying then.

                                                                                                                                      [–]InfiniteBlink 3 points4 points  (1 child)

                                                                                                                                      Lump me in with the suckers... at every point I was like 'its too high' only to feel like shit. Back in august, i almost pulled the trigger on a GPU mining rig, but was still a bit timid. Then l look at whats happening with Ethereum and kicking myself. oh well, hopefully i'll get a chance to say "i told you so!", but everyday that goes by, it seems to be a long shot.

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                                                                                                                                        [–]akaicewolf 16 points17 points  (4 children)

                                                                                                                                        Yup hindsight is 20/20. When I was an intern, couple of other interns and myself had a conversation about putting $2k-$3k into Bitcoin when the price was $100. We were supposed to do it after work but we never did.

                                                                                                                                        When the price hit $1k I regretted not investing in it either. But at $1k I decided not to put money in because I didn't think it would go up any further.

                                                                                                                                        Obviously looking back at it now, it seems like a huge fuckup. But it could have also easily gone the other way and been worthless

                                                                                                                                        [–]lilnomad 7 points8 points  (0 children)

                                                                                                                                        It was one of those things where if you had a decent surplus of money you could afford to play around with it and maybe get a few bitcoins (like the Winklevoss twins).If you don't have a ton of money in surplus you would probably much rather do something safe.

                                                                                                                                        I got $10 worth of bitcoin back 2014 from a Coinbase just having an .edu and it's now worth about $300. Slowly spending it but really it's just been fun to watch it

                                                                                                                                        [–]TopSecretFucker 14 points15 points  (2 children)

                                                                                                                                        Kick me harder, I was there when it was $1 and I bought gold instead because of some stupid article I read online about just a small group of people hording BTC and would some day crash the price.... today that investment is a pittance compared to the $60,000,000 it could have been. FML.

                                                                                                                                        [–]soupdawg 18 points19 points  (3 children)

                                                                                                                                        I did not now you could buy fractions until recently. If I had known things would be very different.

                                                                                                                                        [–]jargoon 12 points13 points  (1 child)

                                                                                                                                        If you couldn’t buy fractions, almost nobody would be investing in it at this price.

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                                                                                                                                          [–]NotTopherGrace 30 points31 points  (10 children)

                                                                                                                                          You would've sold at 300-400 like everybody else. Or dumped it when it dipped. These "I wish I'd bought in X years ago" posts in this sub make no sense to me.

                                                                                                                                          [–]Plyphon 6 points7 points  (1 child)

                                                                                                                                          Literally every figure is a milestone “sell” moment.

                                                                                                                                          $1 $2! $5!!

                                                                                                                                          And on and on...

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                                                                                                                                            [–]Myceliated 39 points40 points  (9 children)

                                                                                                                                            I sold at $100... mined them when bitcoin was worth around $10 each. Unfortunately I had an injury and had no money to cover medical expenses so sold my bitcoin to pay for the costs.

                                                                                                                                            [–]ridetherhombus 45 points46 points  (0 children)

                                                                                                                                            I don't think you can fault yourself for doing what you had to do to survive

                                                                                                                                            [–]santagoo 8 points9 points  (2 children)

                                                                                                                                            The greatest health care system in the world strikes again!

                                                                                                                                            [–]Myceliated 6 points7 points  (1 child)

                                                                                                                                            well i was actually in hong kong at the time and didn't have health insurance there so used the money to fly back to the states where i had health insurance and obviously had to pay a lot of money even with health insurance but not as much as I would have without it in hong kong. Ultimately my fault for not getting health insurance while in hong kong.

                                                                                                                                            [–]OnlySafeAmounts 4 points5 points  (0 children)

                                                                                                                                            Good investment. You're health is worth more than the bitcoin you sold ever will be.

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                                                                                                                                              [–]hazbutler 8 points9 points  (0 children)

                                                                                                                                              Yeah, and I wish I had known the lottery numbers before they came out. People have been doing this for years, don't beat yourself up about it.

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                                                                                                                                                [–]lclc_ 18 points19 points  (0 children)

                                                                                                                                                English press release from Bitcoin Suisse AG (the sponsor / his company): https://www.bitcoinsuisse.ch/rungsted-seier-capital-sponsorship/

                                                                                                                                                [–][deleted]  (3 children)

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                                                                                                                                                  [–]Cryptoinvested 15 points16 points  (0 children)

                                                                                                                                                  It is around 150 million USD.

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                                                                                                                                                    [–]eraof9 4 points5 points  (0 children)

                                                                                                                                                    this gets first page and pineapple didnt...

                                                                                                                                                    [–]blamethestarfish 7 points8 points  (0 children)

                                                                                                                                                    I'll take "how to be tacky" for 1 Bitcoin

                                                                                                                                                    [–]BlackRockAndRoll 31 points32 points  (1 child)

                                                                                                                                                    Wow that sounds really tacky

                                                                                                                                                    [–]ITakeMassiveDumps 6 points7 points  (6 children)

                                                                                                                                                    Danish

                                                                                                                                                    Ice hockey

                                                                                                                                                    Laughs in Canadian

                                                                                                                                                    [–][deleted] 7 points8 points  (8 children)

                                                                                                                                                    What happens when bitcoin fails?

                                                                                                                                                    [–]Ontopourmama 5 points6 points  (6 children)

                                                                                                                                                    Depends on if he cashed out or not, I suppose.

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                                                                                                                                                      [–]maxi_malism 14 points15 points  (0 children)

                                                                                                                                                      Oh god no

                                                                                                                                                      [–]rubbarz 6 points7 points  (0 children)

                                                                                                                                                      This guy looks like someone to invest their disability check in an internet currency instead of another WoW subscription and wound up being the smartest thing hes ever done.

                                                                                                                                                      [–]theinfamousjosh 11 points12 points  (2 children)

                                                                                                                                                      Also the Puck will be renamed the bitcoin and the sticks will be called bitcoins. The goalie shall hereafter be known as the bitcoin. And all other players will be called bitcoins. Furthermore, bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin

                                                                                                                                                      [–]TotesMessenger 2 points3 points  (0 children)

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                                                                                                                                                      [–][deleted] 2 points3 points  (0 children)

                                                                                                                                                      Those Danes and their subtlety...

                                                                                                                                                      [–]ToiletPaperPringles 2 points3 points  (1 child)

                                                                                                                                                      I feel sorry for the guy who spent 10,000 Bitcoins on pizza back in 2010.

                                                                                                                                                      [–]MrFlagg 13 points14 points  (6 children)

                                                                                                                                                      the bubble burst is going to be phenomenal

                                                                                                                                                      [–][deleted]  (3 children)

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                                                                                                                                                        [–]ucandoitBFX 6 points7 points  (0 children)

                                                                                                                                                        of course he has not bought any.....you can tell by his comment. it's what some people like /u/mrflagg have to say in order to help themselves sleep at night. Rather than admit they were wrong, they would rather feel like shit forever and cry and yell bubble. (which it is imo, but if you know anything about bitcoin and believe it will succeed, you would know that the overall price trend is always UP long term). the funny part is that these are the people that will be buying bitcoin at astronomical prices, 50k+. because by then it will be considered "safe" etc. by mainstream media.

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                                                                                                                                                            [–]Banana_Salsa 3 points4 points  (0 children)

                                                                                                                                                            I remember bitcoin at $600 dollars.

                                                                                                                                                            Also I remember the internet telling me it was retarded.

                                                                                                                                                            And now I'm the retard for listening to the internet cause I had it right and front of me and did nothing about it. I should be retired right now.

                                                                                                                                                            [–]Mobileswede 6 points7 points  (0 children)

                                                                                                                                                            Impressive. Too bad Denmark is so poor at Ice Hockey 😊

                                                                                                                                                            [–]BitcoinMD 4 points5 points  (1 child)

                                                                                                                                                            Satoshi is the only Bitcoin billionaire.

                                                                                                                                                            This man is a Bitcoin billionaire.

                                                                                                                                                            Therefore ... this man is Satoshi.

                                                                                                                                                            [–]tritonx 1 point2 points  (0 children)

                                                                                                                                                            I will buy bring the Nordiques back to quebec someday, I'll keep my last BTC for it.

                                                                                                                                                            [–]ZombieTestie 1 point2 points  (0 children)

                                                                                                                                                            I once went to a hockey game and a bitcoin rally broke out

                                                                                                                                                            [–][deleted] 1 point2 points  (0 children)

                                                                                                                                                            Who wants to go in on a bulk jersey order? Bet we can buy it in bitcoins

                                                                                                                                                            [–][deleted] 1 point2 points  (0 children)

                                                                                                                                                            My life would have been so much better if I just got a hold of some obscure currency a couple of years ago.

                                                                                                                                                            [–]helpinghat 1 point2 points  (1 child)

                                                                                                                                                            Is he a billionaire in Danish krone or in US dollars? 1DKK = 0.16USD

                                                                                                                                                            [–]jkeegan123 1 point2 points  (0 children)

                                                                                                                                                            The Bruins might be jealous ...

                                                                                                                                                            http://main.tvgu1jdkm2wvqi.maxcdn-edge.com/wp-content/uploads/2016/SLH/nhl_primary/boston_bruins.png

                                                                                                                                                            It's close ...

                                                                                                                                                            [–]vwibrasivat 1 point2 points  (0 children)

                                                                                                                                                            The hockey team's logo should be a rainbow with a pot of gold at the end.

                                                                                                                                                            [–]girlgonecrypto 1 point2 points  (0 children)

                                                                                                                                                            Fuck yes

                                                                                                                                                            [–]SutrangSucher 1 point2 points  (0 children)

                                                                                                                                                            Oh I remember this guy. He's currently living or working in the city I live. Now I really want to meet him in real life.

                                                                                                                                                            [–][deleted] 1 point2 points  (0 children)

                                                                                                                                                            I didn't even know we had billionaires in Denmark. I really gotta be better at paying attention

                                                                                                                                                            [–][deleted] 1 point2 points  (0 children)

                                                                                                                                                            Looks like John McAfee

                                                                                                                                                            [–][deleted] 1 point2 points  (0 children)

                                                                                                                                                            This will be funny in a few years.

                                                                                                                                                            [–][deleted] 1 point2 points  (0 children)

                                                                                                                                                            Met him once. I will surely attend Bitcoin Arena’s opening.

                                                                                                                                                            [–]5ion 1 point2 points  (1 child)

                                                                                                                                                            Read it as 'Danish Bacon Billionaire'

                                                                                                                                                            [–]letsgodowntownnow 1 point2 points  (0 children)

                                                                                                                                                            I approached my nerdy techy roommate at the time and proposed splitting on a mining rig 3 years ago. He said it was too late and we missed the boat...

                                                                                                                                                            Not friends with him anymore..

                                                                                                                                                            [–][deleted] 1 point2 points  (1 child)

                                                                                                                                                            Too bad Denmark sucks at hockey, lawl. I say this as a Canadian with a late Danish grandfather. He sucked at hockey.

                                                                                                                                                            indtil valhalla bedstefar!

                                                                                                                                                            [–]ImVeryOffended[🍰] 1 point2 points  (0 children)

                                                                                                                                                            /r/Cringe

                                                                                                                                                            [–][deleted]  (8 children)

                                                                                                                                                            [removed]

                                                                                                                                                              [–]ceeemeee 2 points3 points  (7 children)

                                                                                                                                                              House money fallacy

                                                                                                                                                              [–]UndeadVinDiesel 1 point2 points  (0 children)

                                                                                                                                                              That dude is exactly what I imagined a Bitcoin billionaire would look like.

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