What happened to 12 million BTC?

RedDuke said:
dude look up early history of Bitcoin. It was hacked and they had to fork it. Do some research before posting things you do not know.
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What's your definition of "hacked"

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The Bitcoin software was never hacked

There was a bug in the early version/implementation when literally a bitcoin was worth pennies or less than a penny

Satoshi himself deployed the new version that fixed the bug

The bug was never exploited by anyone

The Bitcoin software that had the bug never became a network. No one was running it. Everyone switched to the new Satoshi Bitcoin software

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So, please tell us how you define "hacked" in this particular instance that you speak of?
 
Trader Curt said:
No, it was anything but luck, because with my trading skills and crypto being the solution to the worlds financial problems, it was a win that was meant to be.
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I have friends from work who I literally shilled the hell out of trying to get them to buy Bitcoin in 2013-2016, when a btc was worth less than $500

And now they say I was so lucky to buy btc a long time ago and wished they did also so they can quit their jobs like I did
 
johnarb said:
I have friends from work who I literally shilled the hell out of trying to get them to buy Bitcoin in 2013-2016, when a btc was worth less than $500

And now they say I was so lucky to buy btc a long time ago and wished they did also so they can quit their jobs like I did
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Thanks for sharing. Good for you Johnny.
 
angrytrader said:
So you are a "weak-hands" one, didn't hodlll
That's kind of disappointing , I had you as the real coiner in my book
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Nothing wrong with taking some profits, it's called "risk management". The worst you can do is being some "Michael Saylor gambler copycat" -> all in with leverage + praying = to the moon OR to the homeless shelter.
 
blink18 said:
Nothing wrong with taking some profits, it's called "risk management". The worst you can do is being some "Michael Saylor gambler copycat" -> all in with leverage + praying = to the moon OR to the homeless shelter.
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It was an obvious psyop from a person who has no idea how to manage a large sum of money

If someone is single and living at their parents house, sure 100% hodl, or has a job/income, it's possible to 100% hodl all the crypto asset investments

But if someone has over 6 figures or 7 figures $ worth of crypto assets and wants to de-risk especially if quitting a job and has a family, it's wise to sell some not all crypto asset investments
 
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long said:
They seem to believe that btc will hit those numbers because once it is all mined it can’t diluted by a central banks. But this all depends on whether the majority of the population will accept btc as payment for property and services.
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Not really true. BTC's price doesn't depend on its use in transactions or payments, but rather whether people and institutions are willing to hold it as a savings / investment asset.

How much desire is there to hold a zero-yielding "inflation/disaster hedge" savings asset? The value of all gold held worldwide is in the range of $10trn-$15trn, around 8 to 10 times the current crypto market cap. So, an extreme upper limit to BTC's price might be something like $400k. In practice I think the reservation demand for crypto will only converge with that of gold over a period of many years - if said convergence happens at all.

Price targets in the seven figures per BTC are just pure fantasy, unless the USD experiences a catastrophic hyperinflation.
 
GlobalMacro90 said:
@RedDuke what say you???? Your getting called out for saying bullshit, can you defend yourself?
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could not care less and not defending anything. Once again John also confirmed that bug was exploited, code was changed and forked. It can happen again for any reason including increasing max supply.
 
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