Buy BTC sold for 16 BTC-1 mil USD

[Ambatman]

So ordinary people give value to things they find passion for, just like in football, the boots KING PELE of Brazil used to play during his time can as well be placed on an auction like this too, and surprisingly you will see the amount people will be ready to pay to have it.

Sad truth. Another proof to disclaim Aristotle that humans are rational animals.
But buying Pele shoes is kinda different from this
It's inherent value was defined by Casey who is taking Bitcoin Sat's as ordinals
Satoshi never made any satoshi unique or better than the others 
https://ordinalsbot.medium.com/a-deep-dive-into-rare-sats-the-most-sought-after-collectibles-da167e355018
The link above would show it's definition of various Sat's and their raririty
These collectibles are no different from ordinals so definitely don't see it worthing the price.

Personally would rather hold a real BTC worth said amount than going for a Sat, not to forget converting BTC to cash would be way easier than the collectibles.
If I don't want to invest I can better still use the money travel around and try new cuisines

With Bitcoin expected to experience 33 halving
We would be seeing 33 epic Sat's
I'm curious where the previous three are located at.

Let's see how much the so called legendary sat would go for.

[Promocodeudo]

Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).

There are actions we just wanna carry out just to massage our ego in as much as the money is there to spend. It wouldn't necessarily seem like a waste to you by then because to you at that very moment it's like doing what many people can't even afford to do.

There are places I said to myself 10 years back I won't visit no matter the money I was going to make because at that time I previewed it to be a waste or something stupid to do with money. But guess what today! I visit a few of those places like thrice in a year now just because of the momentary feeling that comes with been there.

Money has a way of twisting our vibes, particularly too much money. We just have to be patient till we have it in that bastard amount to know what we will do and what we won't do.

Yea, decision making when you don't have money can be reversed when the money finally comes, money has influence on human beings and thats why as an average or poor person, don't list what you wont do when you have money because a rich man will always want to do things to his standard, there are supermarkets and average stores, as we know, there price list may not be the same too, poor or average people will see it as a waste of funds by going to the supersmarket where prices are high to get some items because they will feel that since is the same stuff why will they waste such money, but rich people wont think that way, they willl see the expenses as nothing hence they can afford as many as they want.
Lets be sincere if the poor people eventually becomes rich too, they will still visit that same place that they perceived as being expensive earlier, thats life, poverty has its own mentality so do wealth and riches too.

[Coyster]

My problem with this "epic sat" being auctioned and sold for 33.3 bitcoin is that it tends to make people believe that bitcoin is non-fungible when indeed it is fungible, this sat now has a different value and can no longer be interchanged with another sat of equal value, when ordinarily it should.

I don't have a problem when things like the "buy bitcoin" paper is being auctioned, of course it is non-fungible and there is something that makes it unique and differentiates it from other pieces of paper or similar writings on them, but bitcoin as a currency is fungible and any utxo should be interchangeable with another one of the same value.

[Barikui1]

Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).

There are actions we just wanna carry out just to massage our ego in as much as the money is there to spend. It wouldn't necessarily seem like a waste to you by then because to you at that very moment it's like doing what many people can't even afford to do.

There are places I said to myself 10 years back I won't visit no matter the money I was going to make because at that time I previewed it to be a waste or something stupid to do with money. But guess what today! I visit a few of those places like thrice in a year now just because of the momentary feeling that comes with been there.

Money has a way of twisting our vibes, particularly too much money. We just have to be patient till we have it in that bastard amount to know what we will do and what we won't do.

poverty has its own mentality so do wealth and riches too.

You are very much correct in this part no doubt, but you also need to know that their are some set of people that money and power can't change, you see those set of people, they are mostly rare, it can be either positive or negative, but the main thing is that money can't influence them easily, they are still the Mr A or Mr B we all know, their behavior or their spending rate don't change regardless of the financial power they now have.

Am saying this because their is a man I know very well in my locality that is very crafty or stingy, he hardly gives out something easily even to his offsprings, due to how stingy he is, you can't know how wealthy he is because he hardly spend on himself talkless of spending on someone else, so you see these types of people, even money cannot change them, because they are rooted down to who they are.

[JiiBs]

Another crazy collectible

What do we think?

Can this ever be sold for more

So many sats for just 1

It’s the rubbish I’ve been trying to contend with over the past week since I heard about ordinals. Just how did this mathematics came to be, where
1sat would be equivalent to a Bitcoin. I mean, where do we start this reverse psychology.

1Bitcoin is supposedly equivalent to 381825124.09316530 Satoshi (Value determined by 3Commas online Bitcoin calculator).
Mathematically:
1 BTC = 381825124.09316530 Sat.

Now, due to some ordinals we get the reverse psychology where:
33.3 BTC = 1sat that is:
12714776632.30240449 Sat = 1Sat.

All due to position and your just a collector. What sort of rubbish is that!
That’s some just how insanely humans could act. I ain’t collecting nothing for that.

1sat = 1 sat
Just as
1BTC = 1 BTC.

This maths applies anywhere, all I know.

[Lida93]

Would I spend 1,000,000 on that sign no I would not.

Even If I was stupid rich (say 100,000 btc).

There are actions we just wanna carry out just to massage our ego in as much as the money is there to spend. It wouldn't necessarily seem like a waste to you by then because to you at that very moment it's like doing what many people can't even afford to do.

There are places I said to myself 10 years back I won't visit no matter the money I was going to make because at that time I previewed it to be a waste or something stupid to do with money. But guess what today! I visit a few of those places like thrice in a year now just because of the momentary feeling that comes with been there.

Money has a way of twisting our vibes, particularly too much money. We just have to be patient till we have it in that bastard amount to know what we will do and what we won't do.

poverty has its own mentality so do wealth and riches too.

You are very much correct in this part no doubt, but you also need to know that their are some set of people that money and power can't change, you see those set of people, they are mostly rare, it can be either positive or negative, but the main thing is that money can't influence them easily, they are still the Mr A or Mr B we all know, their behavior or their spending rate don't change regardless of the financial power they now have.

@barikui1, we aren't ready for this debate right now, all am saying is wait till a man is in bastard money that's when we can say of his character but until then all I know is that there is that amount of money a person will have and he will go to places and do things he never was known for.  Some may not want to do them openly to public knowledge but privately.

Am saying this because their is a man I know very well in my locality that is very crafty or stingy, he hardly gives out something easily even to his offsprings, due to how stingy he is, you can't know how wealthy he is because he hardly spend on himself talkless of spending on someone else, so you see these types of people, even money cannot change them, because they are rooted down to who they are.

Do your check carefully, there are other areas that man must be spending his money.

[Lucius]

~snip~
Pieces with historical mentionings got value, but whats the correct price or how can we value a specific paper like this one and which will follow this Buy Bitcoin paper in the future?
There gotta be more of them...

That paper has some value if it is placed in the context of the moment and time in which it was created - that is, as some kind of message to the system, given that it appeared behind Janet Yellen while she was giving some kind of speech in front of the US Congress. For this reason, I can find justification that someone paid 16 BTC for the same, especially if that person has so much BTC that this amount does not represent any significant expenditure.

There will always be some items that will be valuable to collectors, but only their "originality" and rarity will determine their price. If someone managed to write that same message on paper and take a picture with, say, the current president of the US - would someone pay more or less for that piece of paper than the one that was recently sold?

[Tmoonz]

~snip~
Pieces with historical mentionings got value, but whats the correct price or how can we value a specific paper like this one and which will follow this Buy Bitcoin paper in the future?
There gotta be more of them...

That paper has some value if it is placed in the context of the moment and time in which it was created - that is, as some kind of message to the system, given that it appeared behind Janet Yellen while she was giving some kind of speech in front of the US Congress. For this reason, I can find justification that someone paid 16 BTC for the same, especially if that person has so much BTC that this amount does not represent any significant expenditure.

There will always be some items that will be valuable to collectors, but only their "originality" and rarity will determine their price. If someone managed to write that same message on paper and take a picture with, say, the current president of the US - would someone pay more or less for that piece of paper than the one that was recently sold?

Someone will definitely pay more for it, hamans wants differs at every point in time and there is no way we can generalize what one will  want to do with his or her money with  that of others, am asserting that someone will pay more probably to break the record of the previous and gain fame as to this regards where references can also be made just as what we are doing now even in the future generations to come, there are those who derives joy standing out of the crowd to do what others can not possibly do which will give them a hedge over the others and make then feel they are the top class stratification that will always be talked about. However, every man will only make that informed decisions of spending based on his or her financial ability,  dreams and aspirations.

[Troytech]

Had a few worths on this auction and like to expand the discussion...

What do we think about it and are there many other moments which created a historical piece that could provide high prices in BTC or FIAT terms?
And with what kind of others pieces can we compare a piece like this one..

https://x.com/BTC_Archive/status/1783424287438713334

https://scarce.city/auctions/buy-bitcoin

2h to go

4.1 btc atm

16 BTC ending

Is this paper worth 16 BTC?

https://x.com/wallstreetbets/status/1783292045144048076

I've not bought paper in a while, if it were only priced in dollars, so about $1,000,000.00 I just would have thought inflation was just bad.

But 16BTC seems a bit much for a bit of paper and some writing on it.

----------------

"Scotland's power-sharing government collapses as SNP and Greens end deal"

Who would have guessed two camps of crazy left wing communists not agreeing with each other eventually?
One camp is led by someone who literally hates the indigenous people, the other hates that the last 200 years of technical advancement happened.
 

would it be worth more as this Einstein note over time?

https://edition.cnn.com/style/article/einstein-handwritten-notes-auction/index.html

*In terms of FIAT not in terms of 16 BTC ...

I mean in terms of FIAT stricktly, would it be a good investment comparing with a paper like the Einstein one or compared with a Football, Pokemon card etc

It seems to be a historical collectible just like the newspaper where BTC was mentioned for the first time...(I do remember an auction for the paper was held on this forum, but can't find the link anymore, if someone can add it in this thread its merit worthy imo...)

Could this BTC outperform a lot of them? It could act like a cool piece on the wall, but better like some famous paintings etc??

Pieces with historical mentionings got value, but whats the correct price or how can we value a specific paper like this one and which will follow this Buy Bitcoin paper in the future?
There gotta be more of them...

Personally I think I was more about sending a message to the public to impose some kind of thought to buy bitcoin, unless so I don't see a reason worth spending a million dollar on a piece of paper.

Compared to Einstein note I think this piece of paper could one day be sought for as a memorable historical art of bitcoin from its early days and it could be some kind of relic that bitcoin enthusiast would want to have, maybe to hang on
a wall or some collectibles etc, the rich have this habit of buying stuffs out of passion.

Thigns are priced by the amount of value given to them by a person or the public at large, so yeah it's possible to continue to grow in value as long as people continue to view it that way.

[hatshepsut93]

I wouldn't buy that sign even if I was a billionaire, because I don't see any significance in it. Yeah a dude held it and it generated some hype in Bitcoin community for a week - so what? In my book that wasn't a significant moment in Bitcoin's history. The fact that it was sold for $1M is just another example that there are Bitcoin whales who sit on large amounts of coins and can easily spend $$ millions on some overpriced stuff.

[Orpichukwu]

I wouldn't buy that sign even if I was a billionaire, because I don't see any significance in it. Yeah a dude held it and it generated some hype in Bitcoin community for a week - so what? In my book that wasn't a significant moment in Bitcoin's history. The fact that it was sold for $1M is just another example that there are Bitcoin whales who sit on large amounts of coins and can easily spend $$ millions on some overpriced stuff.

This is you sharing your own opinion on how you feel about it. On the other side, a lot of us wouldn't try to acquire any piece of paper or art that has no use to us, but these collectors, who like collectibles a lot, think differently, especially those rich Wahala's who are looking for means to spend and make some BTC and make things popular. 
 
What I see here is that some people use money to get more money or fame. That paper is hyped and is the perfect piece to get the kind of attention they need. It could easily be sold out again to another wahala with just a little hype on it. 

[Barikui1]

I wouldn't buy that sign even if I was a billionaire, because I don't see any significance in it. Yeah a dude held it and it generated some hype in Bitcoin community for a week - so what? In my book that wasn't a significant moment in Bitcoin's history. The fact that it was sold for $1M is just another example that there are Bitcoin whales who sit on large amounts of coins and can easily spend $$ millions on some overpriced stuff.

This is you sharing your own opinion on how you feel about it. On the other side, a lot of us wouldn't try to acquire any piece of paper or art that has no use to us, but these collectors, who like collectibles a lot, think differently, especially those rich Wahala's who are looking for means to spend and make some BTC and make things popular.
 
What I see here is that some people use money to get more money or fame. That paper is hyped and is the perfect piece to get the kind of attention they need. It could easily be sold out again to another wahala with just a little hype on it.

That's just it, most of this wealthy people does all this things to just show off or just to be among that few individual who have the financial power do it, it might sound stupid to the common man, but to the rich, it means a lot to them, and of a fact, this is just one of the stupid things the rich people spend more on, something they mostly don't need, and just as orpichukwu has already said, if they no longer needs it, they might decide to sell it to another crazy rich fellow, so that's just the reality.

And lastly, you also need to understand that most of this wealthy people sees money as nothing, because they have actually not faced what an average person usually face, so they spend money on things an average person will call stupid, just as this, so the truth of the matter is that, the rich, average and poor people all think differently.

[Spaceman1000$]

I wouldn't buy that sign even if I was a billionaire, because I don't see any significance in it. Yeah a dude held it and it generated some hype in Bitcoin community for a week - so what? In my book that wasn't a significant moment in Bitcoin's history. The fact that it was sold for $1M is just another example that there are Bitcoin whales who sit on large amounts of coins and can easily spend $$ millions on some overpriced stuff.

This is you sharing your own opinion on how you feel about it. On the other side, a lot of us wouldn't try to acquire any piece of paper or art that has no use to us, but these collectors, who like collectibles a lot, think differently, especially those rich Wahala's who are looking for means to spend and make some BTC and make things popular.
 
What I see here is that some people use money to get more money or fame. That paper is hyped and is the perfect piece to get the kind of attention they need. It could easily be sold out again to another wahala with just a little hype on it.

That's just it, most of this wealthy people does all this things to just show off or just to be among that few individual who have the financial power do it, it might sound stupid to the common man, but to the rich, it means a lot to them, and of a fact, this is just one of the stupid things the rich people spend more on, something they mostly don't need, and just as orpichukwu has already said, if they no longer needs it, they might decide to sell it to another crazy rich fellow, so that's just the reality.

And lastly, you also need to understand that most of this wealthy people sees money as nothing, because they have actually not faced what an average person usually face, so they spend money on things an average person will call stupid, just as this, so the truth of the matter is that, the rich, average and poor people all think differently.

For me I don't think it's only about the show of, most persons just attach value to what they like. for what it's worth, people who don't have that much of wealth too would want to do same thing if the opportunity presents it's self, so at some point too the money to gives the wealthy people the leverage to make people's passion come into fruition.

Sometimes people buy a painting of different inscription with millions of dollars which most people will see the painting as worthless stuff, However it doesn't show that they are wasting their money, they are buying things that are of value to them, the world may see it differently, but it doesn't change anything for the person that has bought it, because at the end of the day people will still have something to say regardless of the situation.

[wiss19]

My problem with this "epic sat" being auctioned and sold for 33.3 bitcoin is that it tends to make people believe that bitcoin is non-fungible when indeed it is fungible, this sat now has a different value and can no longer be interchanged with another sat of equal value, when ordinarily it should.

I don't have a problem when things like the "buy bitcoin" paper is being auctioned, of course it is non-fungible and there is something that makes it unique and differentiates it from other pieces of paper or similar writings on them, but bitcoin as a currency is fungible and any utxo should be interchangeable with another one of the same value.

I think it is still a normal satoshi but it's also rare at the same time. I know there is now an NFT in BTC and maybe this epic sat is truly considered to be one of it? If so then I don't see anything wrong when people believe on that but it's up to you if you won't join them. We are not forced here anyway. Some people are only greedy and will always find a way on how can they make more money.

For me, I think what is crazy is not the epic sat but that piece of paper there called "buy bitcoin". In my opinion, it's not that even rare and anyone can do that. Sometimes I don't understand what is happening here in the world or with the people, lol.

[Coyster]

For me, I think what is crazy is not the epic sat but that piece of paper there called "buy bitcoin". In my opinion, it's not that even rare and anyone can do that. Sometimes I don't understand what is happening here in the world or with the people, lol.

It is not everyday that a "Buy bitcoin" sign is flashed in the U.S congress when the Federal Reserve chair is giving a speech, that is what makes it unique and there is no such paper like it in the world, that is why it is rare. Mind you that i would not spend anything close to this amount for this, but maybe i cannot be sure about that as i am not as rich as the BTC whale who bought it, it is better to talk about certain decisions when you actually can afford it.

[El duderino_]

My problem with this "epic sat" being auctioned and sold for 33.3 bitcoin is that it tends to make people believe that bitcoin is non-fungible when indeed it is fungible, this sat now has a different value and can no longer be interchanged with another sat of equal value, when ordinarily it should.

I don't have a problem when things like the "buy bitcoin" paper is being auctioned, of course it is non-fungible and there is something that makes it unique and differentiates it from other pieces of paper or similar writings on them, but bitcoin as a currency is fungible and any utxo should be interchangeable with another one of the same value.

Hmm the sat doesn't necessarily has another value for everyone... it still can be spend as another sat, will not be spend as another one probably and will remain in cold storage until someone else want to buy it at a higher price (if the owner want to sell it) ... but its still just a sat.

[El duderino_]

~snip~
Pieces with historical mentionings got value, but whats the correct price or how can we value a specific paper like this one and which will follow this Buy Bitcoin paper in the future?
There gotta be more of them...

That paper has some value if it is placed in the context of the moment and time in which it was created - that is, as some kind of message to the system, given that it appeared behind Janet Yellen while she was giving some kind of speech in front of the US Congress. For this reason, I can find justification that someone paid 16 BTC for the same, especially if that person has so much BTC that this amount does not represent any significant expenditure.

There will always be some items that will be valuable to collectors, but only their "originality" and rarity will determine their price. If someone managed to write that same message on paper and take a picture with, say, the current president of the US - would someone pay more or less for that piece of paper than the one that was recently sold?

That last part would be special, but I don't think it would be worth more.... back in the day (Yellen) then BTC was still more under the radar, not known as today... and it would feel like a copycat etc therefor I don't think the value would be close to the same.... BUT I do think if that same individual would draw a simular original and is close by the president on an important speech then maybe yes...

I also think over time the one who bought it for 16 BTC will be able selling it for more in FIAT terms (BTC difficult to say, depends on price surge) and especially on certain timings.

[El duderino_]

~snip~
Pieces with historical mentionings got value, but whats the correct price or how can we value a specific paper like this one and which will follow this Buy Bitcoin paper in the future?
There gotta be more of them...

That paper has some value if it is placed in the context of the moment and time in which it was created - that is, as some kind of message to the system, given that it appeared behind Janet Yellen while she was giving some kind of speech in front of the US Congress. For this reason, I can find justification that someone paid 16 BTC for the same, especially if that person has so much BTC that this amount does not represent any significant expenditure.

There will always be some items that will be valuable to collectors, but only their "originality" and rarity will determine their price. If someone managed to write that same message on paper and take a picture with, say, the current president of the US - would someone pay more or less for that piece of paper than the one that was recently sold?

Someone will definitely pay more for it, hamans wants differs at every point in time and there is no way we can generalize what one will  want to do with his or her money with  that of others, am asserting that someone will pay more probably to break the record of the previous and gain fame as to this regards where references can also be made just as what we are doing now even in the future generations to come, there are those who derives joy standing out of the crowd to do what others can not possibly do which will give them a hedge over the others and make then feel they are the top class stratification that will always be talked about. However, every man will only make that informed decisions of spending based on his or her financial ability,  dreams and aspirations.

Nah pay more... for first a paper has to been spoken over and need to gain some popularity over years... so in BTC terms it will always be difficult to beat.
Imagine 1 BTC= 200,000$ then 16 BTC would be way more ...

Also the feeling of a copy thing just to sell it bc another one did well isn't what collectors are looking for, originality, rarity, historical etc matters

[El duderino_]

I wouldn't buy that sign even if I was a billionaire, because I don't see any significance in it. Yeah a dude held it and it generated some hype in Bitcoin community for a week - so what? In my book that wasn't a significant moment in Bitcoin's history. The fact that it was sold for $1M is just another example that there are Bitcoin whales who sit on large amounts of coins and can easily spend $$ millions on some overpriced stuff.

I wouldn't either buy it.... But it is a thing in my book of significant happening, it made some mainstream visibility and some good meme's etc ... also just the act of doing such thing is cool imho.

[El duderino_]

Also make me thinking

The very very first sat.... What kind of BTC would be paid for that