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RE: Introducing Stacy Herbert of Keiser Report

in #bitcoin7 years ago (edited)

After the post by @transisto I did a bit of searching I found this May 31st 2011 Keiser Report E151 where Jon Matonis is on explaining about Bitcoin and the price of BTC was $6 or $7. AFAIK it is the first time they talked about Bitcoin on the show, it's history in the making!

However, in case you're kicking yourself about the lost opportunity to make 500x on your money, ask yourself how much you would have invested back then to buy BTC? Especially when buying BTC would involve person to person exchanges with cash in hand, or wiring funds to some pretty shady exchanges in remote countries (my experience in 2013 was other than Coinbase it was also about the same then).

More likely you would have been mining it - I don't know how easy it was back then. I'm going to guess GPU mining was already a thing and predominant. So with a top end video card how much would you have been able to mine monthly? Would someone have amassed hundreds of BTC casually mining at home like that? Or would it also have required investing a small fortune in mining hardware and electricity just as it does now? And if you had $7,000 to invest in hardware back then I guess you could have just bought and held (oh so patiently) and now be a multi-millionaire anyway.

Anyway, you can say whatever you want about the show, or Max and Stacy, but don't ever say they didn't tell you about Bitcoin. Time after time after time!

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We actually ended up getting so so much hate after that episode! Because the price 'crashed' to $3 and people (trolls) claimed they 'lost their life savings' after buying some at $6. I know many of those sort of posts are just trolls feigning despair but it does make me laugh when you look over at the price now.

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