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Author Topic: 10th anniversary art contest price now worth 57k (from 7.7k)  (Read 193 times)
Husires (OP)
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March 26, 2021, 07:14:07 PM
Merited by 1miau (1)
 #1

10th anniversary art contest topic https://bitcointalk.org/index.php?topic=5193860.0

Quote
But I didn't want to split the award too much, so I limited it to 100 award-winners. In light of the quality and number of submissions, I also increased the total award to 1.07 BTC

I will show the highest value of the prize and the lowest value.

BTC winners are as follows:

dannybrown: 0.07562500                                        from 545 US$ to 4083 US$
1Dq: 0.07366071                                                   from 531 US$ to 3977 US$
summonerrk[1][2]: 0.07169643                                from 517 US$ to 3871 US$
Karmakid[1][2]: 0.06973214                                    from 503 US$ to 3765 US$


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Husna QA: 0.00256034                                          from 18 US$ to 138 US$



AI members please make the full list

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March 26, 2021, 07:17:34 PM
Merited by theymos (2), shahzadafzal (1), 3dOOm (1)
 #2

No, it’s 1 BTC

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Igebotz
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March 27, 2021, 04:57:30 AM
 #3

BTCThat's why it's call internet magic money.
Year 2025 the 10th anniversary award of 1BTC at $7k is now worth $1m.


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JohnBitCo
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March 27, 2021, 05:34:11 AM
 #4

BTCThat's why it's call internet magic money.
Year 2025 the 10th anniversary award of 1BTC at $7k is now worth $1m.



It only depends if those rewards receiver keep the money save and do not spend. I know most of them would have spend the bitcoin in 2019 and may not be holding those bitcoin in 2021 or 2025.


No, it’s 1 BTC

Yes, 1 BTC is always equal to 1 BTC no matter in bitcoin is worth 10K or 1M Dollars Smiley
Igebotz
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March 27, 2021, 07:30:59 AM
 #5

BTCThat's why it's call internet magic money.
Year 2025 the 10th anniversary award of 1BTC at $7k is now worth $1m.
It only depends if those rewards receiver keep the money save and do not spend. I know most of them would have spend the bitcoin in 2019 and may not be holding those bitcoin in 2021 or 2025.
Hodlers are those who have enough, bitcoin BTC is money and not a property unless you don't have bills to pay. I receive, I spend, I buy, I repeat again.

What would you gain If you hodl all your bitcoins and die the next day? Nothing. You only cause scarcity which increases the price of Bitcoin BTC... That's a win-win for bitcoin.

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aoluain
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March 27, 2021, 08:13:41 AM
 #6

I am still Hodling my reward! I buy and earn Bitcoin regularly, (earn weekly and buy the dips).
I spend maybe once per year but mostly HODL.

Everyone is free to do what they want with their Bitcoin.
If I die today my Bitcoin wont be frozen
My xxxxxxxxxxx has access to my wallet and I to theirs.

R


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JohnBitCo
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March 27, 2021, 08:35:09 AM
 #7


Hodlers are those who have enough, bitcoin BTC is money and not a property unless you don't have bills to pay. I receive, I spend, I buy, I repeat again.

What would you gain If you hodl all your bitcoins and die the next day? Nothing. You only cause scarcity which increases the price of Bitcoin BTC... That's a win-win for bitcoin.


For a moment forget about bitcoin or fiat. People keep on hold and save money for the future and while doing so they  exclude that they are going to die one day or next day. if people start thinking about this, everyone would spend money, help the needy one and the world would be a better place. But this is not what is happening in reaily.

Now, since people save money (Fiat), they save bitcoin too but advantage of keeping bitcoin over fiat is that bitcoin will gain value over time while fiat will lose value over time.

So if you hold bitcoin and forget about the death ( Not spend the winning amount in art contest),  you could have gained much more. The reason i pointed out was that people don't visualize the future and think that if they cash out at 50,000K, they are in profit while they could have waited to cash out in 2025 at perhaps 1,000,000$.

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March 27, 2021, 09:11:27 AM
 #8

I am still Hodling my reward! I buy and earn Bitcoin regularly, (earn weekly and buy the dips).
I spend maybe once per year but mostly HODL.

Everyone is free to do what they want with their Bitcoin.
If I die today my Bitcoin wont be frozen
My xxxxxxxxxxx has access to my wallet and I to theirs.

You must have realized the power of holding as your reward is now many xtimes.  Smiley
By the way, who has access to your wallet , your family, wife ? I always think of giving access of my keys to my family but i fear if they misuse them  Angry
shahzadafzal
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March 27, 2021, 11:59:36 AM
 #9

No, it’s 1 BTC
Yes, 1 BTC is always equal to 1 BTC no matter in bitcoin is worth 10K or 1M Dollars Smiley

What if 1 BTC != 1 BTC


Because 1 BTC is always one, single and only unique 1 BTC... to be more specific among 21 million BTC none of them is equal to any other, they are all unique. Am I right?


One more.... put it in another way logically 1 BTC > 1 BTC

1 BTC (new) > 1 BTC (old)             
1 BTC (tomorrow) > 1 BTC (today) 
1 BTC (future) > 1 BTC (present)

Prove me wrong.

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aoluain
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March 27, 2021, 12:14:24 PM
 #10

I am still Hodling my reward! I buy and earn Bitcoin regularly, (earn weekly and buy the dips).
I spend maybe once per year but mostly HODL.

Everyone is free to do what they want with their Bitcoin.
If I die today my Bitcoin wont be frozen
My xxxxxxxxxxx has access to my wallet and I to theirs.

You must have realized the power of holding as your reward is now many xtimes.  Smiley
By the way, who has access to your wallet , your family, wife ? I always think of giving access of my keys to my family but i fear if they misuse them  Angry

of course when I first got into Bitcoin over 4 years ago I knew it was for long term.

My Brother has access to my wallet and I have access to his! I trust him 100%
If you cannot trust anyone 100% you cannot risk giving them access to a wallet.

R


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March 28, 2021, 10:34:43 PM
 #11

Well, there's a high chance that it will be a legendary story one day, winning several 10k for some art.
Bitcointalk will have quite a few "little" legendary stories, not as big as Lazlo's pizza or donations for VIP / donator status here on Bitcoitalk. But still amazing stories showing it was not late to get into Bitcoin when they were happening.
Just look at some giveaways held in 2018 / 2019, where participants could win 0.125 BTC for just a price prediction.  Cheesy




 

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