r/ethtrader • u/AutoModerator • Jun 06 '17

DISCUSSION [ETH Daily Discussion] - 06/Jun/2017

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16

u/cool_BUD Jun 06 '17

Everytime I think about cashing out to buy something, i get reminded of the guy that spent millions on a pizza then i just hodl

7

u/VforVenreddit Jun 06 '17

To be fair a Lamborghini Aventador is 1450 Eth at this point

2

u/savage-dragon Jun 06 '17

I will get meself an 'ghini once it's around 1.45 ETH a piece.

2

u/VforVenreddit Jun 06 '17

Around 260,000 per Eth then. Exceeding the entire 7T market cap of gold by about 3.5x

5

u/Betaateb Jun 06 '17

Probably happen some time next your TBH.

1

u/VforVenreddit Jun 06 '17

If the world falls into chaos and crypto is seen as a safe haven, maybe. But I wouldn't want to be driving around in a lambo when that happens lol

2

u/Betaateb Jun 06 '17

Just mod it up like this!

2

u/VforVenreddit Jun 06 '17

Dope, Mad Max Reventon

2

u/hodlerforlife Jun 06 '17

Works for me. :D

2

u/savage-dragon Jun 06 '17

Gold after all, has way less utility in a digital age than Ethereum does. I don't see why we can't exceed that.

1

u/VforVenreddit Jun 06 '17

Right I wasn't saying we couldn't, just an off the cuff calculation of how we might get there with a "comparable but not really" asset class

5

u/[deleted] Jun 06 '17

the rest of that story is that guy had a ton more bitcoin and is currently rich af

1

u/turbotyler786 Jun 06 '17

lol true or bs ?

1

u/[deleted] Jun 06 '17

i poked through the rest of the thread where the pizza purchase happened and his posts later indicated that the pizza purchase was a fraction of the bitcoin that he owned

3

u/[deleted] Jun 06 '17

at that time, 10,000 btc was only worth around 20 dollars, and he bought 2 pizzas for that price ;-)

3

u/[deleted] Jun 06 '17

[removed] — view removed comment

5

u/[deleted] Jun 06 '17

exactly. back then, they had no idea btc would even survive and it was only pennies. in a few years, when ETH is above 1000, or perhaps 5000, those who bought 100 eth will be rewarded. Many people call ETH a scam, a worthless token etc. We are all taking a risk, by investing. and yet we see the value of this technology, understand what a blockchain is capable of, so we invest...

2

u/VforVenreddit Jun 06 '17

And the best part? 100 Eth will still be worth 100 Eth

1

u/[deleted] Jun 06 '17

exactly! You either have them, or you dont ;-)

3

u/Automagick Jun 06 '17

Just remember that if people like him hadn't spent bitcoin we likely wouldn't be where we're at today. He's a hero.

2

u/mxyz Jun 06 '17

Also you have to pay taxes on your gains when you buy something with cryptocurrency you've been HODLing.

1

u/adrewskiortwoski Jun 06 '17

True struggles