Select the richest guy: A: A guy with USD5,000,000 B: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
At the end of 30 days, guy A will still have USD5,000,000 but guy B will have Day 1 - $0.02 Day 2 - $0.04 Day 3 - $0.08 Day 4 - $0.16 Day 5 - $0.32 Day 6 - $0.64 Day 7 - $1.28 Day 8 - $2.56 Day 9 - $5.12 Day 10 - $10.24 Day 11 - $20.48 Day 12 - $40.96 Day 13 - $81.92 Day 14 - $163.84 Day 15 - $327.68 Day 16 - $655.36 Day 17 - $1,310.72 Day 18 - $2,621.44 Day 19 - $5,242.88 Day 20 - $10,485.76 Day 21 - $20,971.52 Day 22 - $41,943.04 Day 23 - $83,886.08 Day 24 - $167,772.16 Day 25 - $335,544.32 Day 26 - $671,088.64 Day 27 - $1,342,177.28 Day 28 - $2,684,354.56 Day 29 - $5,368,709.12 Day 30 - $10,737,418.24
Guy B will have a whopping USD10,737,418.24
Answer: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
Select the richest guy: A: A guy with USD5,000,000 B: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
At the end of 30 days, guy A will still have USD5,000,000 but guy B will have Day 1 - $0.02 Day 2 - $0.04 Day 3 - $0.08 Day 4 - $0.16 Day 5 - $0.32 Day 6 - $0.64 Day 7 - $1.28 Day 8 - $2.56 Day 9 - $5.12 Day 10 - $10.24 Day 11 - $20.48 Day 12 - $40.96 Day 13 - $81.92 Day 14 - $163.84 Day 15 - $327.68 Day 16 - $655.36 Day 17 - $1,310.72 Day 18 - $2,621.44 Day 19 - $5,242.88 Day 20 - $10,485.76 Day 21 - $20,971.52 Day 22 - $41,943.04 Day 23 - $83,886.08 Day 24 - $167,772.16 Day 25 - $335,544.32 Day 26 - $671,088.64 Day 27 - $1,342,177.28 Day 28 - $2,684,354.56 Day 29 - $5,368,709.12 Day 30 - $10,737,418.24
Guy B will have a whopping USD10,737,418.24
Answer: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
BY Riddles Repository - Answers
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Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system. “The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
How to Invest in Bitcoin?
Like a stock, you can buy and hold Bitcoin as an investment. You can even now do so in special retirement accounts called Bitcoin IRAs. No matter where you choose to hold your Bitcoin, people’s philosophies on how to invest it vary: Some buy and hold long term, some buy and aim to sell after a price rally, and others bet on its price decreasing. Bitcoin’s price over time has experienced big price swings, going as low as $5,165 and as high as $28,990 in 2020 alone. “I think in some places, people might be using Bitcoin to pay for things, but the truth is that it’s an asset that looks like it’s going to be increasing in value relatively quickly for some time,” Marquez says. “So why would you sell something that’s going to be worth so much more next year than it is today? The majority of people that hold it are long-term investors.”
