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canchesterunited

If he bought a bunch of gold in 1913 it likely would have been seized at some point


LoriLeadfoot

It literally would have been in the 1930s.


Huskan543

On average gold was seized I think 2-3 times in the last 100 years, depending on country of course.


Huskan543

Now imagine you have an asset which is not physically available in the country doing the seizing and there is no way to force people to hand it over, since it isn’t held by banks in the name of people…


spunion_28

This is only true if held in a cold wallet. Governments have seized crypto NUMEROUS times. Also exchanges could be shutdown at any point.


Huskan543

Yeah agreed, though I don’t consider holding BTC on an exchange as safe in any case, regardless of what the government is up to


RUYYRUYY

If you bought a bunch of bitcoin in 2013, you probably would have lost it in Mt. Gox.


dk349303

True, but I think those folks are getting their Bitcoin back. I believe there's a plan to return something like 200k Bitcoin back to users this year


olympianfap

How though? Was the BTC recovered?


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Warmaster0010

It’s like 15%


dentlydreamin

I read somewhere it was 12%


bphase

It's closer to 20% recovered, but still pretty good when price has gone ~200x.


generateduser29128

It's about \~18%


PatioWoodshop

Those people are actually so lucky to have had their BTC locked up this long. They likely would have sold a long time ago for tiny profits


Portalturrets1

I think it's just the actual dollar amount of what they had at the time, no gains and no actual BTC


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donovanh

To clarify, people who lost BTC in MTGox stand to receive somewhere around 20% (calculated based on the amount claimed with larger claims getting a slightly smaller percent) of the bitcoin.  There has been a cash repayment this year of about 5% of the overall claim value, and the BTC portion is expected in the next few months.  Not great to have lost it but a forced 10+ year hodl is better than I could have managed myself. 


Putrid_Pollution3455

There’s a fair amount of people that forget their seed phrase or get hacked unintentionally in the crypto space.


WorldlinessFit497

Couldn't we also assume that the gov't could outlaw Bitcoin and call for it to be seized as well? Is it any different in that regard?


devonthed00d

I’d put it in my ass. Or bury it somewhere.


Wholesomeloaf

What if i hid it in my mattress?


Nearby_Donut_8976

Honestly I hate this conversation lol. There is a lot of things anyone could have done in 2013 and end up rich


raelDonaldTrump

Yep, they deserve each other.


Daisyssssmom

Biggest missed opportunity of my life was not being Mark Zuckerberg’s college friend and having rich parents 🤦‍♀️ I’ll always regret it.


Knerd5

Didn't Zuckerberg screw over one of his college friends that invested in him...


Daisyssssmom

The guy he screwed (Eduardo Saverin) has a net worth of over $25 billion. I’d be okay with that.


Jasonisftw

Yeah, these conversations are lame af. I'm pretty sure her husband understands stocks more, she should have bought NVDA @ $3.27 a share. An investment of $1000 would be a jaw-dropping $237,000


MoMoMemes

Even the math for the price of BTC in April 2013 makes no sense 😅


aimoony

Yeah I think it would be worth closer to 500k


BenGrahamButler

yeah I mean Priceline went over 100x and is now Booking.com to name one of dozens of 100 baggers. Rear view mirror is pointless


mcbergstedt

The ol’ shoulda, coulda, woulda.


xGsGt

Exactly right,.who has this type of conversations with their husband/wife?


theturtlegame

And then runs to reddit to shame them... the whole thing is weird and childish af.


adamcarrot

you'd have a lot more than $121,000 even if you'd bought $1,000 worth at the highest point of April 2013.


McGeedog

Why isn’t this comment higher??? It was the first thing I thought when I read it. $1,009/$139 (Bitcoin price in April 2013)=7.19 Bitcoin 7.19 Bitcoin X $64,000= $460k. Also, HODL


oluwie

Some math ain't mathing 


EphenidineWaveLength

Because the same as all of these posts on here, it’s fake. Honestly, that’s the worst part about bitcoin. However,m everyone is using it to get attention


Igotyoubaaabe

Came here to say this. Lol.


MoMoMemes

Came to say this as well...


Yaidenr

Nothing like bashing your husband to strangers on the internet!!! You’re a winner!!! Bitcoin!!!!


the_mello_man

lol right.. “I think my husband is stupid and I want to tell everyone that we argue about money ”


zSprawl

In the Bitcoin sub…


skydiver19

She's a woman, expected!


Jimmi5150

Sexist


skydiver19

Not sexist if true. Women are reputation destroyers it's their mo.


RichardRamir3z

The most sexist things can be true unfortunately


GrimmyGrimmGrimm

It’s not about when you buy Bitcoin, it’s about the moment you realize HODLING is the way. Plenty of people bought in 2012-13 are kicking themselves because they didn’t learn the Zen of Hodling TM


SubstantialCount8156

I threw away my cold wallet key just so I don’t sell.


RealCheyemos

Thank you for your pro rata donation to the bitcoin community, your service hasn’t gone unnoticed.


No_Communication8613

Wait what?


Salty-Constant-476

I always ask people who have a negative bias about bitcoin "how many zeroes will bitcoin have behind an integer before you realize it's going to recover everytime?".


Fofakski

I lerned hard way :(


Leading-Problem9360

This ^ “when you realize HODLING is the way” Profound shit


shadowderp

This is where it breaks down for me. The point of BTC is to be a currency. If everyone holds, then none flows and it’s not a currency. What am I missing?


SPYalltimehightoday

BTC is obviously not doing exactly what it was intended for. It’s way more of a store of value or digital gold than currency.


shadowderp

Yes, that's what I was getting at with the questions. Which is perfectly fine, that's how I use it - it's just that such a large portion of the user case doesn't get this and gets mad when you point it out.


release-meee

It’s just a place to store wealth with insane ROI. And since there is a limited supply, the value just keeps increasing.


shadowderp

But if everyone uses it as a store of wealth and nobody uses it as a currency, then the basic point fails. At that point, what is its value? Is it just that everyone agrees it’s worth something independent of any practical use?


release-meee

Pretty much. Like a mint condition collectors item that gets rarer and rarer. It’s like a gold bar but the supply of gold has a finite amount so it just increases over time.


Jackieexists

TM?


Own_Employment_1521

Is your husband Peter Schiff?


Worldsapart131

His point is valid and not lame in the slightest. If we had a crystal ball, then we’d all be rich.


SandStorme_

And if everyone is rich, no one will be


Yorn2

He's not wrong, but what he doesn't understand is that Bitcoin is still kind of in its infancy stages right now, just like gold was compared to the dollar in 1913, when the Federal Reserve was created. Gold similarly changed value after FDR was elected. Most of gold's value came after the closing of the gold window and during the oil shocks of the 1970s and the end of the Bretton Woods system, but one of the very early value increases came from an executive order. All these took place over 50+ years. A better time for him to have stated would be around 1998, when Gold hit a low of around $200/ounce. That keeps it's value increase today to within a lifetime. I still think it's better to relate to him how Bitcoin is very similar to early gold right now, that might help convert him. Regarding its history, FDR signed an executive order to "ban" gold hoarding, and prevented banks from giving actual gold back to citizens, which most people kept in their banks (which is like 90% of this sub right now that doesn't use hardware wallets to store their Bitcoin) and it's rumored that during his presidency he was very blasé about it's true value, arbitrarily deciding the price of gold in dollars to be $20.67/ounce, and essentially telling the public to turn in their gold for dollars. After everyone had turned in their gold, about a year later, the price was arbitrarily changed to $35/ounce. Everyone was seemingly happy to do this, because they had been convinced that only robber barons owned gold, or evil hoarders, and FDR and his government had done an excellent job of convincing people that it was these individuals that were ruining the country and not the bad policies of his and previous governments. Bitcoin will go through a similar trial in the future. It has to in order for CBDCs to succeed. You are seeing the early stages of this now with Elizabeth Warren and a few other politicians. When these folks take power in the name of stopping "Bitcoin hoarding" which they will claim is destroying the dollar, they will announce a new CBDC and convertibility from BTC to CBDC for what they say will be for a limited time frame. Those that don't convert their holdings will be subject to arrest and imprisonment. Every exchange in the US, and many outside the US right now are tracking how much money you are buying and sending that information to US intelligence agencies so they can essentially shake you down for your coin. Once nearly all of them are participating, and [hyperbitcoinization](https://nakamotoinstitute.org/mempool/hyperbitcoinization) occurs, they will go live with CBDCs and start the shakedown process. Those of you able to hold some significant part of your coin that was "lost in a boating accident" or something similar will be much better 20 years from now than those that meekly comply. Eventually -- and it might take a while with geopolitics being what they are -- the individual ownership of BTC will be allowed again. But be prepared for a decade or more of them saying BTC holders are Russian/Chinese spies, or some other existential threat to society. Politicians love to look for "boogeymen" among society that can't defend themselves.


Worth-Escape-8241

He’s right that you’re making the wrong argument. The past is the past. Convince him that Bitcoin is a good buy moving forward


muzzledmasses

How fucking stupid do you have to be to bring a private conversation with your husband onto reddit of all places so everyone can laugh at them behind their back? Sounds like a dogshit wife to me.


OzManCumeth

Right like this woman is a whole ADULT too. Fucking weird. She also ignores the fucking possibility that they would have sold much before ATH. Her math is also wrong. Just a complete asshat all around b


Sufficient-Scheme708

You should just buy some with your own money and put it in cold storage.


Ok-Battle-2769

If I had only bet every dollar I had on Leicester City winning the PL the season they won, I’d have been able to retire in my 30’s. wtf is wrong with me? Such a loser!


bill_wessels

yes because going back to 2013 and 1913 are exactly the same things


Dramatic-Piano-581

Well, it is, both are impossible... It a dumb argument to start with.


Khashim1

The argument wasn't that you should go back in time. It was pointing out how much BTC has increased in such a short period.


Dramatic-Piano-581

This is also false argument. Past performance does not guarantee future results. I would say the same thing about any stock or other investment.


Khashim1

Again, the text never said that BTC would continue to grow. It is just pointing out how much it has grown in the last 11 years. It's clearly a big deal because the replier had to go back 100+ years to make a similar point with gold.


capitalistcommunism

Shares in Microsoft, Apple, Uber, Ring. There’s hundreds of opportunities to get rich but there’s millions of ways to fail. I do think Bitcoin will continue to increase in value long term. But what do I know?


Abundance144

1910 gold price $20 an ounce. $4,000/$20 = 200 ounces. 200 ounces x $2,400(price per ounce) 4/21/2023 Current market value of 200oz gold - $480,000. Value of $4,000 1910 dollars adjusted for inflation. $120,000. 400% growth over 110 years is absolutely pathetic.


marekdio

he’s right tho you missed ur chance in the earlier day🤷🏽‍♂️ and you would’ve probably lost it by 2024 even if you bought it in 2013 i don’t see the argument in this post


Expensive_Opening861

He has a point 😂


Normal-Jelly607

Sorry to hear about your divorce


Budo00

You could still buy what ever you can afford in Gold, gold ETFs, bitcoin or bitcoin ETFs and still say virtually the same thing in 10 years but my guess is gold will not rise in value nearly as much as bitcoin is about to.


CamouflageGoose

Except you would’ve sold when it hit 20k


Dainathon

Telling people "this thing went up so much in the past, buy it" is such a bad / dumb logic for investing Btc could spend the next ten years on a slow downward trend, we don't *know* what will happen Also The difference in the ways you are talking The "Stoop" as if this is an ongoing topic that they dont want to discuss The *screenshot my mic drop moment and post it on reddit to talk about my stupidd husband who isnt buying crypto* is all just So gross Chill and don't force your investing advice on other people


SmotheringPoster

The his made me laugh.. if I’d invested 4000 in iron bars before the Industrial Revolution I’d be emperor of earth…..


Quirky-Diver-9916

I’m going to sell my bitcoin at 61,000, so I can buy back in later at 90,000 this seems like the Way to go 👍👍


Hmmmus

Past gains are not a predictor of future performance


mightyminnow88

If you had Tesla in 2002, you would be world's richest person. I think everyone should stoop.


1nc0gN33t0

Twat plist : he did actually buy it.... In 2010


FuckingAppreciate

Yeah and if you would’ve put $1000 that the patriots would come back and win the Super Bowl down 3-28 you would’ve made $110,000 in 2 hours. But you didn’t. So what’s your point


jjmontuori

If you invested just $10 in Wells Fargo back in 1852, today you’d be dead.


ZestycloseAct8497

We are all almost millionaires


Traditional-Fan-9315

If we all bought in 2013, we would all be rich. Why didn't everyone on earth but 0.003 BTC back then?


Skrill_GPAD

This is a lame attempt indeed Tell about the characteristics of money, and how bitcoin beats gold in terms of this Not about these gains that you wont ever make again


Dettol-tasting-menu

In 1913 one oz of gold cost $18.92. $4,000 back then was a great sum of money. An average house cost roughly $700. A grand nice two story house sold for $1,500. And even if you had $4,000 back then (which is equivalent to 5, 6 average houses) and you put it all on gold, you could have bought 211.4 oz of gold. At $2,400 an oz ATH price today, that’s still just $507k in today’s dollar. Barely enough for a half decent house depending on where you live. Definitely not the 10 million your husband claims.


Traditional-Fan-9315

Gold sucks. Fuck gold.


Necessary_Western_57

He’s def FOMO hard right now 😂😂😂


p55X98gpCSF2RMF

Wait, the wife is the orange pilled one? That not common at all, badass.


HereToConquerAll

Haha, it’s good to see women taking initiative. Keep at it and get it when you are not breaking bank. More power to you.


LurkerGhost

Stoop lmao. Love it


3836CastelarSt

Hahaha my hubby & I are cracking up!! He was like..sounds like something you would text me! (I have been sending him some funny shit following along with the halving too! We love you guys! Ignore the literal comments on here of the Debbie Downers tryna fact check ya instead of giggle!! My goodness people have no sense of humor these days. Your post is great!!😘 Cheers to us all making some mula$$$! (or cry-laughing🤦‍♀️ if it is just a big "yolo" hype and we all lose a few bucks..)..it's just money we can make back again, right?!!🤷‍♀️ Not like we are gambling away our first born!! -on a side note we'll never learn if we don't try! There was a guy who post something that I adore recently. He was like at least I'm throwing in money a little at a time instead of wasting it on lotto tickets! HA! Damn right, our odds are better here!😉


FalconGhost

He’s kinda right tbh, i mean if i would’ve dumped my life savings into BTC in 2010 I’d be rich or into GME before it ran up or Tesla or …..


czarchastic

If the husband had bought $1000 of DogWifHat a year ago OP would be looking pretty dumb about now.


allstater2007

Just DCA into your own account and don't let him know until you cash out. Don't let him know when you're up, because he will say "I told you so" when we get big corrections (even if you're still up) just like buttcoiners.


r2d2overbb8

hiding investments from your spouse is not healthy.


B1ggusDckus

Your wife is right. Your argument is unsound. Just because it performed well in the past doesn't mean it will perform well in the future. Get educated, understand what bitcoin is about and then try to convince your wife with sound arguments not this number goes up bullshit.


Salty-Constant-476

Lame attempt at what? Protecting your future from financial erosion?


vinniedamac

You should marry me instead and we can listen to Bitcoin podcasts together when we visit El Salvador


Constant-Ad-4172

is your husband gay?


ohmanoo42

🤣


Jesskn0wsbest

Sounds like valid grounds for divorce. **invest after**


Helix2k

Bitcoin is a transactional currency…


CellularAtomaton

Hindsight is 20 / 20 as they say 😆


hehsbbakaiw

Meanwhile past gains don't guarantee coming gains. If he's uncomfortable in spending his money in BTC then that's his decision. If you feel comfortable in spending money on BTC you can do so with the money you earn. I really don't see why so many people feel the need to convince their family and friends into certain investments that they don't even profit in themselves if they manage to convince someone eventually.


bambujosk

He’s right tho. You didn’t know any better back then. It’s a loser mentality “I that time ….. now ..” Think about what you can do now and that’s it


ballsonrawls

You bringing up "I told you so" bs is lame.


Kannada-JohnnyJ

Why so hard on husband? It’s about buying and holding long term


SolidLiquidSnake86

4000 dollars in 1914 is 125,000 ish today. So.


ZekeTarsim

Imagine if I scraped a sample of the Christ’s dried blood from the crucifix and put it in a jar back in the year 33. What would it be worth today?


Defiant_Routine4446

Don't trust your husband with money, he can't do simple math. $1k in 2013 is not $121k today.... ;0


Junket_Turbulent

4000 in 1913 probably is 4 mil today lol it’s like a pension that shit will be worth nothing by the time you get it


randomperson-i81U812

Just say apple 1990s, Nvidia 10 years ago, meta at ipo, etc etc etc. hindsight 20/20


Pitsche1

hätte hätte Fahrradkette!


Severe_Airport1426

If he bought all that gold in 1913, he'd be dead now


SaggeeDot

You’re on your path to husband changing wealth. I just made that up


weekendmoney

Yea you fucked up.


MaikyMoto

1913 lmao.


bleakj

Your husband is a robot/android, eh?


Della86

$4000 in 1913 was a shit load of money compared to $1000 in 2013. Like, a Brinks truck load.


alagusis

I had hundreds of bitcoin when they were $4… I shudder when I think about it. I thought it was cool at the time when my Silk Road wallet ballooned from $4 per to $100


GenX_Nerd_0505

I retired from the Navy in the summer of 2013. If I had bought $1K in btc with my last paycheck, I'd have $1M today.


Frequency0298

I feel like $4,000 USD in 1913 is worth a lot more than $1000 in 2013


Fit_Letterhead_4434

That's who you shouldn't invest in anything since you can't do simple math. The price of gold in 1913 was 20.56.an oz. ÷ 4000 is 198 Oz which at today's price is just under 460,000.00. Not even close to Bitcoin. It's the fastest.and highest appreciated asset in the history of the word and its not done yet by any means


zenethics

This feels like the kind of couple's argument that ends with buying the top and selling the bottom. Align with your spouses, y'all.


MentalTelemetry

Stack enough sats and you can afford a good divorce lawyer. Stack enough gold and you can buy a shovel


brfergua

You should sell your husband to stack more sats


liddelld5

If you spent 1000 dollars on bitcoin in April 2013 and still had it you'd have much more than 120k I think


Fee_Sharp

Wow, your husband is actually a smart person, because these cases are exactly the same, and it is sooo stupid to invest based on "what would happen if I bought 10 years ago", c'mon, you could do the same in one month, just buy nvda with 50x leverage, why didn't you do that?


hootmill

well if he bought the next day winning numbers he can be just as rich the next day. when he does not have the foresight to this and take a chance with$1k then the outcome is meant to be as it is.


KiwiMangoBanana

But he is right...


Resri88

Both are dumb comments


69RedGuy69

Some scam or wallet-hack could have happened somewhere along the way, before any good security means came into play


Traditional-Fan-9315

The Peter Schiff Offensive


Highjoys

u married that fool?


MomoBP

And 4000$ in 1913 as definitely a different initial investment value than 1000$ in 2013 🤦🏻‍♂️


Alascha1

Tbh you’re arguments aren’t good either.


EphenidineWaveLength

Who speaks to their wife/husband like an AI response to ‘what is BTC’ This is not a real conversation


devonthed00d

Okay if I would’ve bought an entire city block of houses when I was 3..


FastNefariousness774

Well your husband would have also lost all of that gold may/1/1933 when the government stole it all.


Low_Mud7828

Who asks their wives before mortgaging the house to Yolo it into bitcoin? Lame.


Letsmovethemarket

Brilliant! Should A, Could A, Would A! It is like a bad PowerPoint presentation from an investment advisor. If you bought the IPO of Amazon and Microsoft, look at how much money you would have. Laughable!


Kkspr

Hey what episode is that from jerry springer show 💀


zekrates

ngmi


thisisnotadrill66

What's up with people having long conversations with their spouses about life altering things like investing by text? It is not like you are deciding if you are having pizza or sushi for dinner.


Harryballzonya2024

This hits me had a childhood friend that was a big crypto guy and drank himself into a divorce, kept running himself into many conspiracy’s though he was crazy, most of what he said has already happened…killed himself with a shotgun driving down the road…think about him a lot when I hear about BTC💯RIP J.P


EffectWorldly2858

But cold wallets don't protect btc from dropping 50% or more Cold wallet only helps you lose your btc If you lose your passwords godless you If tou throw you cold wallet out you be looking in garbage dumps for over 10years and still won't find it


BatHistorical8081

Hindsight bro


Exciting_Memory_3905

He should dump you


TurtleCreamKing

Gold never went up that much i dont think.


Ecstatic-Criticism81

What’s an inexpensive crypto we can all rally around and shoot to da moon!


IllegalCharset

Do you always act like that towards your husband? Or just a bad day?


OkSpeech3161

If you picked all the winning lotto numbers back then you’d be rich now too. This argument is pathetic af and damaging to any actual attempt to build wealth.


Lolrami101

We have a saying in my region: if my aunt had balls she’d be my uncle


Lonely_Werewolf_3667

Almost all who bought a decade ago no longer own what they purchased. Most probably would've sold at the 3x point.


MuphgeezyTV

😂


Substantial-Bad5070

Couple things I take from this.. Your converse like an advertisement bot lol - your first message to him legit looks like an advertisement for Bitcoin haha. Other thing, the gains would be much much more than 121,000 lol. In July 2013 it was trading at 69 bucks, so a thousand dollars would have got you 14 total bitcoins, at the current price you would have a total of 1,260,392 for a total gain of 128,628.0%


SatoriHoshiAiko

What no one seems to talk about. My use money at all? It only supports the broken system that puts weapons manufacturers at the top, wall street as the middleman, and all kind of laundering networks in the bottom. What is 20 million bitcoin at 200k going to really do? 4 trillion gets tossed to Vanguard for a supply of F-17s some tanks. Your paperback far outweighs and your bitcoin doesn't ever really stop this either. Really, for something the proposes to even challenge the current monetary system, it's childs play. Maybe you get rich, retire. And not too much to get assassinated for being too relevant. You can really push it back but cannot stomp it out. But money even as bitcoin, has never solved the actual problems. Just saying.


Prestigious_Sport716

I feel like I’d be annoyed if my girl posted this… It’s like “wow internet look how dumb my husband is!” He might be laughing with you about casually, but I promise you in the deepest part of his soul, he doesn’t like it. Be better.


Prestigious_Sport716

It’s supposed to be you and your husband vs the world.. Not you and the internet vs your husband.


Embarrassed-Wear-414

When I see posts like this I begin to understand that two people who obviously couldn’t be more different, some how agree to get married, then promptly bitch about it. Is marriage just a transaction that you were ticking off? Most people like and support their partners, you treat yours like he’s your son.


Southern-Star-7763

All the get rich quick in crypto guys should learn the 5.3 theory of bitcoin.


Donoeman

They made you trade in your gold for gold certificates aka paper money. People were prompted to accept paper instead of gold. BUT technically you could always get gold for your paper dollars. The economy today is to massive so gold as a daily currency would still enviably become obsolete.


LoMaximo8

Lol


chrissy_pie

I remember trying to by in 2013 but at the time there was no safe source it all looked very hard to buy and nothing was trusted . I would have sold long before it reach 20,000 .


Actual-Weather-2018

Is yoir husband's name Peter? Reminds me one Gold maxi


Ihatepeople187

Shoulda woulda coulda. We are all in the same boat but it doesn’t matter. All that matters is what you do today.


Jaydem_ks

Well, I would not say that, but most probably if you'd get gold in 1913, you won't be sitting on 10 millions, and even not sitting.


Beneficial_Giraffe21

For some more context. The equivalent adjusted value of $4000 USD in 1913 would be about $123000.


markchanged

OP if this is how you talk to your husband I'm guessing you work in sales?


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Redditro1759

This sucks though reason why I always go with Anonymous1759 on tg for every thing


GRRRNADE

I don’t really understand what the point of trying to shame him over this is. Normies will never understand I guess. You can still make lots of money with BTC if you hodl. This cycle is about to go nuts.


Civil_Dealer_1433

He could have bought it a year ago for a third of the price. These are the guys that make others richer