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ForHackernews 2 days ago

Why didn't you buy $1000 of NVDA instead? It would have paid off better. Clearly, NVDA shares are the future of currency.

SirMaster 2 days ago | parent [-]

No it wouldn't have.

I bought 10 bitcoin for about $1000 in late 2013. It's currently worth about 900K and was a peak of about 1.2M.

$1000 in NVDA shares in late 2013 was about 35 cents per share, so about 2850 shares. That's currently worth 521K with a peak of 590K.

And why? Because in 2013 I thought there was a greater potential for bitcoin blowing up substantially due to the new concept of blockchain and what it could potentially do, or at least the hype around what people perceived that it could potentially do. Compared to what I thought the potential for NVDA to do.

hlynurd 2 days ago | parent [-]

I mean it was a lucky guess but still just a guess.

SirMaster 2 days ago | parent [-]

Nobody is saying it's not luck... But people are comparing it to buying a lottery ticket. I am pretty sure the odds of this gamble are way better than the odds of winning this big in a lottery. Probably by more than an order of magnitude.