Topic: 15 years ago, attempts to sell $50 worth of Bitcoin which unthinkable now. (Read 376 times)
January 30, 2025, 09:12:13 AM
It is now very clear to everyone what Bitcoin was like 15 years ago. According to the current time bitcoin was Bitcoin was worthless at that time. Those who bought Bitcoin at that time were able to buy it at a low price. Those who held Bitcoin at that time are now making maximum profits. At that time, it is normal for there to be many cases where Bitcoin was used for something of low value or for some simple task. Bitcoin has become more expensive and will become more expensive in the future. But those who spent Bitcoin at that time but did not hold it later will regret it the most. If we learn from past history and hold Bitcoin for the future, then a Bitcoin holder will still get significant returns from his holding.
January 30, 2025, 08:47:59 AM
If there was a door to anywhere like the one in the Doraemon film, of course I would buy BTC at that time and I would definitely be braver to buy BTC and I would likely sell the car or vehicle and the money to buy BTC so I could get more BTC. 
This is a good topic, of course the Legends who have been on this forum for a long time will definitely feel that moment more and it will definitely be a memory they will never forget. Yes, Bitcoin is really cheap. At that time, even people who dared to buy it at that time were only bidding at very cheap prices. but this will indeed be a lesson for me because of course in the next 15 years we might be surprised by the price of BTC at that time. and to be honest, sometimes I also like to read old posts on this forum, such as in the BTC price discussion thread and you can see that at that time people were talking about the BTC price and at that time the price was still cheap. Yes, of course, I personally think that now it's certainly not too late to DCA and buy BTC for the long term. because the potential price of BTC in the future is clearly very tempting.
This is a good topic, of course the Legends who have been on this forum for a long time will definitely feel that moment more and it will definitely be a memory they will never forget. Yes, Bitcoin is really cheap. At that time, even people who dared to buy it at that time were only bidding at very cheap prices. but this will indeed be a lesson for me because of course in the next 15 years we might be surprised by the price of BTC at that time. and to be honest, sometimes I also like to read old posts on this forum, such as in the BTC price discussion thread and you can see that at that time people were talking about the BTC price and at that time the price was still cheap. Yes, of course, I personally think that now it's certainly not too late to DCA and buy BTC for the long term. because the potential price of BTC in the future is clearly very tempting.
January 30, 2025, 08:19:20 AM
15 years ago, attempts to sell $50 worth of Bitcoin which unthinkable now.
We have a 15 -year -old Bitcoin situation that has passed, if you are in that year also thinking the same, just like you bought gold 15 years ago $ 7/gram, but now $ 100/gram, people will say let me buy 15 years of gold Passing, surely I am rich, the storyNot so.Life is like a spinning wheel, as time goes by the price of something object we cannot predict accurately growth, in the past the price of bitcoin was cheap but for access to buying bitcoin was difficult, not the same as now the exchange was scattered on the local, Maybe first if you buy the Bitcoin for $ 50 you have to deal long, maybe you should be a US citizen first, maybe your country cannot access anything to digital currencies, For that all that requires a process and trip, so just accept what you see right now, while you have a chance.
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January 30, 2025, 07:31:24 AM
Like you already said, during that time, Bitcoin had no great value and there was no exchang unlike we now have so many exchanges in today's market. Also, before he could offer to sell 10,000 BTC for $50 auction, he must have more than that amount of Bitcoin and I guess he later made a fortune from Bitcoin after the price began to pump. He is not also the only person that wanted to sell a large sum of Bitcoin for just a few dollars.
January 30, 2025, 05:43:21 AM
It's funny how value is so subjective. Back then, $25, or $50 for 10k bitcoin seemed like a gamble but now it's a steal. Makes you wonder what else today we might be undervaluing in the same way.
Better not to think about it and just invest in what is already proven with time.
You know, that logic applies for many out there, and alts can be seen that way too - some of them are undervalued because of X. And you need to dig for said X to be sure that the project is really going after that X, not the funds to rug.
But Bitcoin is undervalued for the reasons we know, and it upholds its values to this day. So there is no need to do that.
January 30, 2025, 05:36:41 AM
It's funny how value is so subjective. Back then, $25, or $50 for 10k bitcoin seemed like a gamble but now it's a steal. Makes you wonder what else today we might be undervaluing in the same way.
January 30, 2025, 03:18:02 AM
It's really amazing how fast the world can change.. Most people now prefer holding BTC ... Imaging bidding $25 for 10,000 btc
But that's the thing though, it's always at the market price.
Nobody would have wanted to pay more than that at that time.
In the end, it's all about how fiat depreciates over time, and assets keep their value, or become more valuable.
You could say similar things to the people who bought the first lands in Manhattan:
Quote from: https://medium.com/@teamnycrec/a-brief-history-of-new-york-citys-real-estate-market-841a724439ca
Did you know that the island of Manhattan, whose current land value is estimated at $1.4 trillion, was first purchased for $24?
Fiat will keep pushing the boundaries of how to buy less for more value at stake
The times have changed, and Bitcoin is the one on top. We need to think of the current price of it as said $25, which would become trillions in hindsight.
January 30, 2025, 03:11:41 AM
It's really amazing how fast the world can change.. Most people now prefer holding BTC ... Imaging bidding $25 for 10,000 btc
But that's the thing though, it's always at the market price.
Nobody would have wanted to pay more than that at that time.
In the end, it's all about how fiat depreciates over time, and assets keep their value, or become more valuable.
You could say similar things to the people who bought the first lands in Manhattan:
Quote from: https://medium.com/@teamnycrec/a-brief-history-of-new-york-citys-real-estate-market-841a724439ca
Did you know that the island of Manhattan, whose current land value is estimated at $1.4 trillion, was first purchased for $24?
January 30, 2025, 02:57:54 AM
Imagine if that auction had succeeded, it could've changed the narrative around bitcoin much earlier. It's a reminder that small moments like tweaking a bid rule can have huge ripple effects on the future.
Not too much.
Sure it would be a big news, but not long-lived one, imo.
Not like the ones we have now.
January 30, 2025, 01:42:38 AM
But at that time Bitcoin was not as valuable as it is today, people still saw it as something that was still developing and it took a long time for the price to increase. And I'm sure that if someone offered you 10k Bitcoin for 50 dollars at that time you would also think that it was still too expensive to buy just for a digital asset, because its use was not clear and the exchange was mostly via P2P. But this can be a lesson to us that Bitcoin is indeed the best asset to invest in, if we have the opportunity to buy Bitcoin now, don't waste the opportunity because its value in the future could be far from what it is now.
January 30, 2025, 12:52:54 AM
Imagine if that auction had succeeded, it could've changed the narrative around bitcoin much earlier. It's a reminder that small moments like tweaking a bid rule can have huge ripple effects on the future.
January 29, 2025, 06:48:59 PM
What's the logic of taking a thread that is already here from someone who moved it to twitter and moving it here again? I never understood that.
Very early on, Bitcoin wasn't seen the way it is now. At that time, it didn't even make sense for people to bid 50 dollars for it, which is why nobody bid for it. People could mine Bitcoin on their own, they didn't need to make a purchase like that. There was still no place where Bitcoin was accepted as money. There's no point in making comparisons like that. You can't compare 15 years ago to now and 15 years from now as well. Because Bitcoin has already proven itself. The conditions are very different.
Very early on, Bitcoin wasn't seen the way it is now. At that time, it didn't even make sense for people to bid 50 dollars for it, which is why nobody bid for it. People could mine Bitcoin on their own, they didn't need to make a purchase like that. There was still no place where Bitcoin was accepted as money. There's no point in making comparisons like that. You can't compare 15 years ago to now and 15 years from now as well. Because Bitcoin has already proven itself. The conditions are very different.
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January 29, 2025, 06:18:55 PM
I believe everyone who joined the Bitcoin market at the early stage of the market has this exact story to tell, and this has always been part of the history of almost every potential asset in the world.
An example, 15 years ago the price of Gold per ounce was around $1800 -1900 but its current price now is $2800. Those who sold their Gold then will wish they didn't so it is better to always make our decisions and choices in a way that we will accept the outcome of it.
An example, 15 years ago the price of Gold per ounce was around $1800 -1900 but its current price now is $2800. Those who sold their Gold then will wish they didn't so it is better to always make our decisions and choices in a way that we will accept the outcome of it.
January 29, 2025, 03:37:00 PM
Such things is part of Bitcoin history, but I'm not really sure thatwe should exaggerate these things. Like I someone in another thread said that almost everyone who been into Bitcoin have their Bitcoin Pizza story. Yeah, not such big scale story, but still.
Let's say I sold 1 BTC for $300 10 or 9 years ago. Should I regret now? No, that was market price back then and the rest is "what if" questions. I'm not even talking about good that I bought using Bitcoin. If we look at Bitcoin value now, that's huge money, but back then I spent normal money.
Let's say I sold 1 BTC for $300 10 or 9 years ago. Should I regret now? No, that was market price back then and the rest is "what if" questions. I'm not even talking about good that I bought using Bitcoin. If we look at Bitcoin value now, that's huge money, but back then I spent normal money.
The funny thing is that there are still folks that are going to sell at the price range of $100k and still regret later on (after some years) , but still that doesn't mean those that took some profits now would have to feel that way , aslong you made good long-term profits after all ya accumulation years back, that's why is more better to scrape some profit than to sell all your holdings in the name of taken profit ( especially those who have been into bitcoin and for long now ), because they might not have the chance to buy at that low price again, especially those that brought around the year 2011 .
January 29, 2025, 02:28:59 PM
People will regret it until the day they die, there will be no end to regrets. No one knew that Bitcoin would reach this level one day, but those who were able to hold it are luckier, and those who could not hold it may not be so lucky, but very few people have been able to hold Bitcoin since its inception until now. There will come a time when we will also regret because we are not able to hold Bitcoin, we have sold Bitcoin. However, the regret of selling Bitcoin does not hurt much because if it did, people would not have been able to survive. Because from what I have seen, when Bitcoin was worth 30k, now the price of 100k plus has increased a lot, but we are all like that.
January 29, 2025, 02:01:49 PM
If you put one dollar into Bitcoin in 2009, it rises to 10 million dollars during nine years and the hodl strategy was great.
If you put one dollar into Bitcoin in 2017, it rises to 10 dollars during almost the same number of years and the hodl strategy was not bad but nothing extraordinary. (many stocks and real estate have increased much more than Bitcoin during 2018-2024).
This difference id so great that seems there are two different coins.
And such profit maximization is one of the beauty and advantage about Bitcoin long term investment, which no other asset, either digital or physical can offer, despite even if it's been held for 100years. Because the truth of the fact about those who missed investing in Bitcoin long term ago when it had no value and yet still procrastinating today, that's same way they will regret when it's value skyrocket 10x in near 10years. Hence, it's advisable people always buy the amount they can always afford, not minding if the amount is small or not. Because just same way a dollar invested in Bitcoin in 2009 could turn a million dollars today, so can just $100 invested in Bitcoin now turn a million dollars or more in 2050. If you put one dollar into Bitcoin in 2017, it rises to 10 dollars during almost the same number of years and the hodl strategy was not bad but nothing extraordinary. (many stocks and real estate have increased much more than Bitcoin during 2018-2024).
This difference id so great that seems there are two different coins.
January 29, 2025, 05:44:34 AM
Quote
Fifteen years ago, someone tried to sell their 10,000 bitcoin for $50. There were no exchanges built yet, so they posted an auction. But the highest bidder only offered $25 and the auction was cancelled.
Today, the bitcoin would be worth $1,000,000,000
I found the post on Twitter. Seeing the post made me think, what was Bitcoin like 15 years ago and what is it like now. Maybe in this way, after 15 years, we will be even more surprised to see the position of Bitcoin.Today, the bitcoin would be worth $1,000,000,000
January 29, 2025, 04:50:25 AM
This story shows how our appetite for risk changes over time. Back then, $25 or $50 felt too much for something unproven. Today, the narrative has flipped entirely and those risks would be considered visionary investments
Now 100k would be too expensive.
Then 200k.
And 1 mil.
See it for yourself in a decade or so.
January 29, 2025, 04:03:28 AM
This story shows how our appetite for risk changes over time. Back then, $25 or $50 felt too much for something unproven. Today, the narrative has flipped entirely and those risks would be considered visionary investments
January 28, 2025, 08:04:12 PM
I think this post teaches us a very important lesson. I know all of us probably have missed accumulating Bitcoins during its initial phase. So we all need to ensure that we do it now so that we don't regret about it after another 10-15 years. Because Bitcoin has every potential to break it's own record multiple times over a period of time.
So go ahead and start accumulating from today if not started already. This is going to become the driver of the world economy one day.
So go ahead and start accumulating from today if not started already. This is going to become the driver of the world economy one day.
It is not yet too late if you have the means to buy some right now. We can't tell the future of this market but invest with what you think you can afford to lose because we'll never know the future. It just so happen that btc really increased its value throughout the years.
Actually, if we look back, we can say that we're already too late. Those who've just joined the community today can't get the perks and privileges that were accorded to the early birds. But there's no point regretting, crying over spilled milk. Whether we like it or not, we can only accept it.
Let's just content ourselves with x2, x3, x5 growth from here that might take years. It can't anymore be x3 within a week or x10 within a year.
Those who came early and hodled strong through the years are rightfully rewarded. Those who came late are fairly rewarded as well. Those who were waiting for the $10,000, $30,000, $50,000 that never came will get what they also deserve.
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