Cryptocurrency Q&A
What if Greg's bitcoin had never been shackled at Mt Gox?
What if Greg's bitcoin had never been shackled at Mt Gox?
AzurePulseStar
Wed Jul 17 2024
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7 answers
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Had Greg's Bitcoin never been entrapped at Mt Gox, one must wonder what the trajectory of his financial journey would have looked like. Would he have capitalized on the astronomical gains of the cryptocurrency's subsequent bull runs? Would he have diversified his holdings into other promising altcoins? Or perhaps, would he have held onto his bitcoins as a long-term investment, unaffected by the market's short-term fluctuations? The question begs to be answered as we ponder the missed opportunities and potential gains that Greg may have encountered had his bitcoins not been tethered to the now-defunct exchange.
7 answers
Eleonora
Fri Jul 19 2024
However, the likelihood of such a perfect scenario unfolding seems remote.
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WindRider
Fri Jul 19 2024
The theoretical potential of Greg's bitcoin holdings is staggering.
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CryptoMaven
Fri Jul 19 2024
Assuming his bitcoins had never been entangled with Mt. Gox and he possessed impeccable market timing, he could have sold all 14.7 bitcoins in November 2021 for a staggering $69,000 each.
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CherryBlossomDance
Fri Jul 19 2024
This would have resulted in a total profit of $1 million, a significant financial gain.
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EnchantedDreams
Thu Jul 18 2024
It's questionable whether Greg would have managed to hold onto his entire 14.7 bitcoin stash through the years of market fluctuations.
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