Cryptocurrency Q&A
How much bitcoin would a $100 investment buy on its debut day?
How much bitcoin would a $100 investment buy on its debut day?
KDramaLegendaryStarlightFestival
Mon Jul 08 2024
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5 answers
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Inquiring minds want to know: What would be the approximate amount of Bitcoin one could acquire with a $100 investment on the very first day of its existence? Given the fluctuating nature of cryptocurrencies and the novelty of Bitcoin back then, what would have been the potential yield in terms of Satoshi's or fractions of a Bitcoin? Could that initial investment have grown into a significant sum over the years, had it been held onto? And what would that initial purchase reveal about the potential of cryptocurrency investments, even in their earliest stages?
5 answers
Martino
Wed Jul 10 2024
The figure mentioned represents a mere fraction of a cent, yet it speaks volumes about the potential of Bitcoin.
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Elena
Tue Jul 09 2024
Hypothetically speaking, if transaction fees did not exist, an initial investment of $100 on Bitcoin's debut day would have granted the investor ownership of a staggering 125,000 units of the cryptocurrency.
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KDramaCharm
Tue Jul 09 2024
This underscores the exponential growth and appreciation of Bitcoin's value over the years.
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Valeria
Tue Jul 09 2024
As of the evening of November 12th, at the time of this writing, Bitcoin's market price stands at $63,712.34 per token.
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Arianna
Tue Jul 09 2024
This significant increase in value highlights the attractiveness of Bitcoin as an investment asset, despite its volatile nature.
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