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Man who threw away $500M Bitcoin hard drive sues city for right to search landfill
(www.techspot.com)
this post was submitted on 18 Oct 2024
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This is such a monkeys paw. You have a drive with $500 million USD of Bitcoin, but the drive is somewhere in the local landfill.
Such a curse, I can't imagine the regret they feel every day getting up for work.
After 10 years though, isn't it just gone/destroyed? Rain/corrosion would have destroyed the drive by now.
I have a friend in NY who lost a thumb drive with bitcoin on it in 2011. Every year or two he goes a little nuts and searches his entire apartment for it, but obviously has never found it. I think he threw it away and doesn't remember, but the exercise of searching helps him exorcise the demons.
I put about 10% of my investment portfolio in bitcoin, personally. It's way too volatile, at least for me, to go in big, but I can trust that every 3-4 years people are going to go insane buying it and the price will spike. If you're already invested you can benefit.
10% of your portfolio is big.
Is it? If you’re young with a big risk appetite seems fine. Don’t forget the upside value in the equation.
It is big as much as getting a 10% rise or cut on your paycheck is big.
The people I know that consider Crypto too volatile are in the 1% ballpark.
Anedoctal, not a finance, I personally have 0£ in crypto.