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Is life’s accounting really based on coin denomination or U.S. dollar denomination? That’s the question. Bought in at 2900 $BTC , held for 11 years, and now selling 7 BTC, resulting in a 99.75% loss in coin terms, essentially wiped out. Of course, BTC was much cheaper 11 years ago, so do you say Lao Wang lost or gained?
F2Pool co-founder Wang Chun tweeted that he has sold a condo in Pattaya, Thailand, for 7 BTC. He said the property was purchased in 2015 for about 2900 BTC, and it was his first property. He recalled that he lived in the condo for about two years and during that time built and launched the Zcash mining pool. He then moved to develop in Bangkok, Seoul, and Europe.
I also wonder if Lao Wang regrets now—he shouldn’t have used BTC to buy that house back then, he should have just paid in dollars and kept those 2900 BTC...