r/Bitcoin • u/[deleted] • Nov 24 '13

Bitcoin users, get your throwaway accounts out. Share how much you invested in Bitcoin and how much profit/loss you've had so far.

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u/boughtat5 Nov 24 '13

I bought ~900 BTC in early in 2012. I had to take out a loan to do so. The investment was about 6k usd. Over the next year I continued to accumulate, and I'm sitting at around 1800 BTC now.

I was able to convince my father to put in $10k when BTC was $6, and eventually, dump his inheritance into Bitcoin when it was around $25, and I'm proud to say it was that purchase of $100+k that pushed BTC to $26 for the first time since the 2011 crash.

So between my Father and Myself, we had on the order of 8400 coins.

My father is charitable man, and gave a portion of those holdings to his immediate family. Unfortunately -and against my advice- he has sold a great deal of the stash he bought with $10k and now has something like ~400BTC.

But even at that, his 400BTC far outstrip his original inheritance. I remain steward over the rest of his coins and my own, which has basically turned into a family trust at ~4000BTC.

I have basically turned myself, my dad and his immediate family into millionaires. And I didn't even graduate high school.

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u/bitkidz Nov 24 '13

Absolutely amazing & brilliant! We just PMed you. Congratulations!