I have always been a strong believer in Bitcoin since I discovered it in 2011. However, as the price went through several highs and lows I decided to diversify my holdings, which were tiny at the time (I only had I graphics card to mine and could only pull in approx. 0.5 btc per day!!)
I decided to buy some gold and to test some of the newer gold sellers that accepted bitcoin, I decided to buy a few 1g bars (well small squares) to test their delivery etc.
Here is the receipt from one of them:
As you can see, I got a bargain of a 1g bar at 5.837btc with a very reasonably priced 1.5 btc for postage.
At todays prices:
1g of gold is approx: $40.82 (google spot price at this time)
7.337btc is approx: $27,146 (again google price)
Now I could be bitter about the lost 27 grand but I'm not really. It has just reminded me how far Btc has come and how much further it can still go. I also made several conversions to fiat over the years and if I had of held throughout and only sold in the past couple of months, I would be retired and very rich.
But its difficult holding an asset which was $3 a couple of weeks ago and is currently spiking at $13, even when you believe. Although I have always believed, at that time if you had of told me to hold because in 5 years or so, btc would be worth $5,000 I would have thought you were mad.
I think this puts it into perspective when people talk about seemingly ridiculous figures such as 500k per coin (I'm looking at you John McAfee:
https://www.cryptocoinsnews.com/john-mcafee-claims-bitcoin-will-worth-500000-three-years/
Lets hope he is right!
