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Zlantann

legendary

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Quote from: Symmetrick on August 11, 2023, 08:25:38 AM

The more I study bitcoin, the more I understand that it is a record holder in everything and not a single altcoin even comes close to its values. Do not sell your valuable coins. HODL!!!

It will take strong faith in Bitcoin for those people who received the 25BTC airdrop to hodl till date. They wouldn't have been able to overcome several faith-shaking FUD. For those that kept the faith, their profit is a motivation for us to keep hodling. In the future, we might look back and say that the Bitcoins we are earning or buying currently are like airdrops because the price will be what most of us might not be able to afford.

Quote from: Dzwaafu11 on August 11, 2023, 08:36:05 AM

However, it makes me believe that there are some coins that we think are trash, which is not the truth, and those coins also need to be hoarded because they may generate money that we don't expect.

Most altcoins' price follows the movement of the price of Bitcoin. There might be some coins that have such potential but why go for copycats when you already know the original? To keep increasing my Bitcoin hodling is my only option instead of taking an extra risk on altcoin.

CryptSafe

sr. member

Activity: 728

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Truly Bitcoin is indeed a record holder. In all ways, I can see the output to be far surpassing which no other coin or alt can be compared to.
For record purposes, Bitcoin has the best airdrop record of all time. There has never been a coin that grew in price the way Bitcoin did years back. Others did airdropped at high price and gradually faded away but Bitcoin dropped low and grew up with time and today it has made a name for itself on the blockchain which no other can achieve. I was wondering if there are still holders who held since the very first day they received theirs till this very moment.

Notwithstanding, when I looked at your upload, the year I saw took me back to when I was still very young then as a student. Although I had internet knowledge but I never heard about Bitcoin then because if I had such knowledge then, hopefully I would have tapped into it as an early adopter. Possibly if not as earlier as then, maybe as time went on then but it is still not too late I am here. I have learnt alot the time I have spent on blockchain and on this platform.

Thanks for this article of yours. It reflects days of early beginnings.

m2017

legendary

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Quote from: Symmetrick on August 11, 2023, 08:25:38 AM

For testing bitcoin transactions in 2009, testers were paid 25 BTC. At the moment it is more than $700,000, and 2 years ago this airdrop cost more than $1,500,000.

And in a few years, it will be possible to say that "the most generous airdrop in the crypto history" is now worth $25,000,000? In 2009, this reward was worth almost nothing. That is, in fact, at that time it was the smallest airdrop, because the testers received almost nothing and it was more like a symbolic reward, how to say thank you.

Another point. This was the first airdrop among cryptocurrencies (the rest of the altcoins started much later, which gave a huge head start to bitcoin) and if you rank "The most generous airdrop in the crypto history", then you need to compare the value of assets (altcoin, token, NFT, which you are talking about) over a period of about 14 years (2009-2023). Such a comparison is not entirely accurate in reality.

jrrsparkles

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Quote from: Symmetrick on August 11, 2023, 08:25:38 AM

For testing bitcoin transactions in 2009, testers were paid 25 BTC. At the moment it is more than $700,000, and 2 years ago this airdrop cost more than $1,500,000.

This is not another airdrop it must be the most valued airdrop in the history.

I wonder how many of them actually managed to receive that airdrop because when I am searched for it there is no information regarding that so I am gonna keep digging until I find that. Cheesy

Z-tight

legendary

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Quote from: Dzwaafu11 on August 11, 2023, 08:36:05 AM

However, it makes me believe that there are some coins that we think are trash, which is not the truth, and those coins also need to be hoarded because they may generate money that we don't expect.

The difference is that BTC has use cases and utility, it is useful for different purposes and the owner of the coins can decide the use case to adopt, but most of the altcoins after it do not have utility, that is why if you think holding altcoins for the long term is a good idea because of BTC history, i will say no, except you identify an altcoin that has a unique utility and you believe in their roadmap, if not, sell your altcoins whenever you get revenue from them.

Quote from: Dzwaafu11 on August 11, 2023, 08:36:05 AM

However, those who bought those coins have benefited from it because they have made a profit that they did not even think of.

I don't think many of them held the coins for too long, they would have sold even after the first pump they experienced, and so many also probably lost their keys because BTC wasn't valuable then, so they didn't store it safely.

cheezcarls

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Quote from: Symmetrick on August 11, 2023, 08:25:38 AM

The crypto community often discusses various generous airdrops that developers pay for early use of the platform, for testing wallets/networks and other features. So what is the most generous airdrop ever for cryptocurrencies? Is it some kind of altcoin, token, NFT? No, it was bitcoin.

For testing bitcoin transactions in 2009, testers were paid 25 BTC. At the moment it is more than $700,000, and 2 years ago this airdrop cost more than $1,500,000.

The more I study bitcoin, the more I understand that it is a record holder in everything and not a single altcoin even comes close to its values. Do not sell your valuable coins. HODL!!!

I think I was in my final year of college and having no personal computer or laptop that time. At the same time, I was part-time working at a clothing apparel store co-owned by my mom and aunt from the United States.

I didn’t even have a smartphone and was using only a keypad one. I’ve got zero knowledge and awareness about Bitcoin that time. I only knew how to play DOTA when I have free time in a gaming shop.

God I know how this feels but it is what it is. Early adopters and testers are getting blessed and rewarded at the end.

EL MOHA

sr. member

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This is a wonderful reminder. I can’t help but say that past event like this only makes one anticipate heavily what the future holds.

Events like this only bring some certain questions to my mind;

How many of these people were patient to hold till the time it pumped to a significant amount, or the fear of losing caused them to sell so early.

How do they take care of there holdings without losing it to scammers or losing the keys and yet to find it

Certainly this are not just question but also some recommendations as to we the future holders.

Dzwaafu11

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Activity: 742

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Quote from: Symmetrick on August 11, 2023, 08:25:38 AM

The more I study bitcoin, the more I understand that it is a record holder in everything and not a single altcoin even comes close to its values. Do not sell your valuable coins. HODL!!!

Surely, the more you study, the more you understand about the current and past history of bitcoin and even other altcoins. However, it makes me believe that there are some coins that we think are trash, which is not the truth, and those coins also need to be hoarded because they may generate money that we don't expect.

However, it surprises me when I see the money you mentioned, which gives me the idea of holding on to my valuable coins for a very long period of time. However, those who bought those coins have benefited from it because they have made a profit that they did not even think of.

Symmetrick

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