Topic: 12 years today since the first known price was set for BTC (Read 463 times)

It's fascinating seeing how far the price of Bitcoin has gone ever its creation since 2009. I wonder how those fellas that don't believe in Bitcoin will be feeling now. Those that also labelled it as a ''ponzi scheme" that will end up duping people of their fortunes. I guess by now they are all full of regrets each time they hear about BTC cos they missed it "golden opportunity to become millionaires".

This is really good, because I’ve always found it interesting to know how the first price of Bitcoin was determined in those early days when it came out. So, it’s really interesting to see how things have changed overtime, this time around they are now relying On the rate of demand to be able to determine the price of Bitcoin.

So, looking at this you will see that there have been a lot of changes on how things are being done in the past and now and this is quite interesting to know that. And by the way, seeing posts like this makes me wish I was already in the community the first day that Bitcoin was dropped so that I can buy as much as I want.

12 Years and Bitcoin has gone too far from where it was,
I wonder how much more it would grow in the future?
But one thing is for sure crypto is here to stay and it played a big role for most of us on changing our life.

Wonderful historical data! Looking back at that time and today, no one would doubt that Bitcoin has come a long way and is only getting ready for even more success. Looking at the adoption, looking at the popularity, looking at the price difference from lunch, I bet Satoshi's dream has come to pass.

There's a few people that believes on bitcoin by that time until it gained traction and where it is right now. On the side of PayPal, they really have made it on time of adopting it when there's a huge value already for bitcoin. Yes, they might be part of the history of it but they don't acknowledge that or at least I haven't seen them acknowledge it. Too many regrets we have and for sure everyone has their own unique story on how he/she should be a millionaire right now if bitcoin wasn't ignored years ago upon hearing and knowing it.

You just pointed out the history of the bitcoin prices and it's not like people don't know about this.

Damn, it has already been 12 years already for bitcoin, 12 years ago, I would probably laugh when someone says to me that bitcoin is going to be priced at around 50k USD, those years are full of doubts as it's a brand new thing and the FUD back then was stronger since people are still skeptic about this technology.

Previously the price of 1 Bitcoin was less than $1 in 2009, but over time the price of bitcoin continues to rise. The currency created by Satoshi Nakamoto is increasingly being used for digital transactions. Around mid-December 2013, one Bitcoin hovered around $710.
The price of bitcoin continues to rise from year to year and at this moment the price of bitcoin is around $53,900, this digital currency created by Satoshi Nakamoto is indeed very extraordinary, unfortunately when Bitcoin was popular Satoshi Nakamoto disappeared and his whereabouts are unknown until now.

Many people are now thinking to back to the old-time but that is impossible as time goes by.
We can only try what we can while still hope that we can join in every time the coin gets a bull run to make a big profit.
At least, we can still buy bitcoin with the price now, although the price is at a high price to us.
If we think about how high bitcoin price will increase in the future, we should prepare before everything changes and we can not follow the bitcoin journey.

That was great progress after 12 years and now I can't even afford to buy 1 bitcoin. New projects back in the days attract investors with this story of bitcoin where it started almost zero value and now it reaches up to the point where most of the people cannot afford to buy a single one. That's why there are lots of people discouraged when the result of the project they invested their money with, didn't become what they expected instead they lose all their capital. That's why older investors are more clever not to believe those sweet words and they already know what's coming especially to those project that hasn't been having anything to show.

I confess I dreamed about something like that a couple of times, but after waking up, some kind of incomprehensible feeling of regret remains, even though I did not even hear about bitcoin at all in those times in which my subconsciousness transferred me. In addition, like any Bitcoiner, I have repeatedly thought about which strategy would be the most acceptable for me personally, and came to the unequivocal conclusion that it is best to mentally prepare myself for the long-term hodling of Bitcoins. Simply because I have repeatedly become frustrated selling too early in the hope of buying more bitcoins, or buying too late. 

It's a common thought process, but you're likely right. This is usually the argument I bring up when someone says they wish they got in earlier, to make a profit back into Bitcoin. In all likelihood they would have sold before it ever got to the all time high. However, it's within our psychology to regret something that was probably unlikely to happen, even if you were to do x at the right time. It's the butterfly effect in well...effect. If they invested at the best possible time, two years later they would have doubled, tripled their money, and likely would have thought that was the best time to withdraw.

The thing is, there's two ends of the spectrum, either you regret not getting in early or you actually believe in Bitcoin as a currency, and could potentially miss the best money making opportunity in your life. I for one, can't promise anyone what the best thing to do is despite having quite a strong belief in Bitcoin. Though, it certainly has its faults, and  I've mentioned it before, it might not actually be THE solution to our problem, however it most certainly is the step in the right direction, and might actually prove to be the foundation that we build on for better control over our money, whether that means Bitcoin will be the currency to solve our problems depends on the world's needs, and the progress we make with development, adoption, and various other factors. However, it is possible that Bitcoin gets replaced by something better, hence why it would be the foundations that created the thought process needed to better our control over our own money.

I don't actually think we're close to that though, and it might never happen. I think it all depends on how Bitcoin is perceived by the masses, and it's development in the next few years, and whether anything else revolutionary comes into play.

Looking at the history of Bitcoin and how it and the technology evolved over these 12 years is really fascinating, and of course, not what many people thought was possible.

The progressive outlook shows the this coin when from strength to strength, and whoever thinks this is the end are far from mistaken. We already see so many implementations of both BTC version (i.e. alts) and the technology it brought with it. I'm so excited about the wonders and possibilities we have from here...

To me one thing is certain, BTC is going to grow even more, it is only a matter of time until the regulatory hurdle (though I'm aware it's a big one) is slowly slowly getting tackled, and more countries as well as retailers see crypto as the 'go-to' problem to solving many challenging issues regarding identity, transparency etc.

Time runs so fast. 12 years already - oh. Hal Finney received the first Bitcoin transaction.  That was start of everything probably  and the crypto started and continuing till today. Hard to predict future regarding this but I expect even bigger usage of crypto.

This is insane. Time shows its power. People always say that time will change everything. I think this is a perfect example of that line. And this is for those people who change their lives at that time. I still think I am dreaming such things, but the thing is, it is happening. This is truly an interesting thing. And I have to admit, when I saw this type of achievement in bitcoin, I was truly inspired to do more in bitcoin. Today, bitcoin is also my life changer, and this thing will be lots of people’s life changers in 10 years.

I'm just looking at Bitcoin about from where it has come to this high levels. And I'm just surprised every time I see this. I wonder if there are still some people who have been holding their coins from the start. I mean except Satoshi Nakamoto.     Bitcoin has always proven that the investors can make great profits when they make long-term investments and be patient about them even for years. Bitcoin is special also as it is the first ever cryptocurrency in the market. I just enjoy using it.

I think almost everyone was guilty of this at a point.
I for one never got the chance to overlook Bitcoin cause I got in at a much later time and there was already so much information and hype around it that I got hooked in instantly, finding it out through this forum was an extra advantage.

What I usually tell people who say they wish they had invested in Bitcoin earlier and then sell of in 2017 for huge profits is that; if you cannot hold for the next ten years now with the price history, you would have not held when there was little information about it even if you knew about it.

That situation is really ironic here. It took more than a decade for PayPal to finally include crypto in their system, and yes, looking back, it was their platform that made it possible for the first payment. They should be very proud as they were already part in the early history of bitcoin. Who knows bitcoin will achieve this level of popularity and price level? A lot have their regrets why they haven't gotten early. But it is not too late to get involved if you truly believe btc will have a brighter future.

I'll be honest, I was very much one of these people that overlooked Bitcoin, albeit I got in much later than 2009. I'm definitely not going to be claiming that I foreseen the possibilities, and technical advantages that Bitcoin would bring to the world, at least not initially. In fact, if my memory serves me correctly, I initially looked into Bitcoin, and decided not to get into it after a brief bit of research. I can't actually remember what convinced me to take a look at it again, there wasn't a awful amount of news around this time, and I was probably just looking at alternatives to payment processors.

I think it's safe to say since then Bitcoin has significantly impacted my life, even from a lifestyle point of view, and has also shaped some of my views around the banking systems, and how much to value privacy. Even things which aren't directly connected to Bitcoin.

Time flies so very fast and it's more than a decade already but a lot has happened to bitcoin. From good stories to bad stories including the FUD. If it's not for those contributors who really did well in the past, where could bitcoin be? It took a long time before PayPal did adopt bitcoin when in fact the first payment transaction did was with their payment processor. We're already on the middle stage IMHO but it's still not too late for everyone to buy bitcoin.

Bitcoin is one of the greatest regret of my life. 12 yrs ago I was curious what Bitcoin is but forget about it when I focused on freelance job. I wish I can go back time again, and buy atleast 10,000 Bitcoins at $0.10 each.