Topic: 3 years ago...let's reminisce - page 5. (Read 12160 times)

3 years ago i did not even know bitcoin existed!

3 years ago I heard of Bitcoin from a Kaspersky report that they were taking steps into protecting the digital wallets as there were many priv keys stolen, I thought wtf is that ? a week later I began mining with a single GPU and was producing about BTC0.1 a week lol and then after couple of months I took the time to gather some extra cash and bought BTC1100 at $10, a year later invested all of them in pre-ordering asics from Btcfpga and BFL, almost 10 months later bitcoin was ~ $100 and I was still waiting for the mining equip, requested refund, received refund in FIAT fast from BFL and 2-3 months later from Btcfpga. I took a step out of Bitcoin world after this for about 6 months didn't checked prices, etc then last December I entered mtgox saw the price $1000, I imagined how fun it would've been if I wouldn't had invested the BTC1100 in pre-orders...fucking stupid... waited for the price to come down and purchased my first bitcoins after 3 years at $450 in april, plus I recovered BTC2 from blockchain wallet from 3 years ago  

I was on vacation watching in amazement on my mobile.  All I remember thinking was that I wish I could get a buy order to go through.  It was easily one of the most exciting moments in Bitcoin history.

Three years ago I was thinking about the ideas around the financial system but had not yet heard of Bitcoin
If I had I probably would have bought some or start using it.
That said at 4 million difficulty I remember the days before it was up to billions.

No no no.. please just lock most of what you just bought away and play with the rest.

In fact, if I've got it right Mat you've got about 60 BTC or so. So put 50 aside and play with 10. Then you still have the best chance of becoming a millionaire in dollar terms (BTC to $20k is perfectly feasible I think).

Realize this is probably another troll-post but I'll still bite for the sake of telling my story. This is in my form of short-speak so I can get straight to the point:

So early/mid June 2011 I'm at my sister's wedding reception and I've got some coin. I'm talking to a friend about how Bitcoin hit $30 "earlier this week" and he's got double digits in Bitcoin himself so we've been joking about it's going crazy. This friend's wife overhears us and she says, "Yeah, my husband says that someday it'll hit $100, but it's falling now."

I say, "Well, honestly it doesn't matter what the price is now, it's got a fixed cap, so someday, maybe in a decade even, it'll hit $1000, we just have to hold it that long."

She says, "but it's falling right?". So I load up my crappy smartphone and show her the price on the only Android app available for Bitcoin pricing.

Oh shit, she's right, it just hit $12 and falling. Fuck. Buying opp!

I kiss my sister and congratulate my bro-in-law then head home early around 10pm (they partied till 6am I find out later). I hop on Gox, see the price, it's like $11. Buy about $500 worth, put in an order to sell at $18. Pass out drunk.

Wake up next morning, check app, it's $13. Well, damn, I think, volatility might have finally killed this thing. Check price history. Wait, it went to $18 after I passed out? Check Gox, I'll be damned, hit my sell order. Nearly doubled up my money in less than 6 hours. Got like ~$1k chilling in my account.

Price falls over several months. See this huge-ass buy wall on Gox for like $185k that slowly moves down. I keep putting in new measly buy orders just above it, they never get hit. Meanwhile, I've been mining like a badass (I brag to friends I run the biggest Bitcoin mining OP in the Midwest even though I know a guy in KC that's running 20+ GPUs). I have 6 GPUs going 24/7. Every single person I tell except my friend from the wedding calls me a 'fool'. Spent most of the summer of 2011 sleeping in 90 degree heat even with the A/C on. Utility bills of $200ish/month. Just losing money all over the fucking place. Frankly don't care, I know this is the real deal and I got a new computer with awesome GPUs I can resell, anyway.

November 2011 comes around, I figure "fuck it" and put in a buy order for all $1k at $2.01 above the buy wall at $2. Order goes through. Fuck yeah! Next day it hits $2.50. Buy wall disappeared. Bubble starting up again, I know what's fucking coming...

(In all honesty, I sold along with many others as the price increased throughout 2012 and especially 2013. I also bought FPGA miners and ASICs and generally supported the blockchain and community instead of focusing on just making coin and hoarding. As an example, I remember spending 7 BTC (5BTC worth of expedited shipping) on this and to be honest, even today it was worth every coin. Still have them hanging on the refrigerator, in fact. Bitcoin is best spent after you've made your profits instead of trying to pick highs and lows, IMHO. I got lucky, don't plan on Lady Luck.)

3 years ago I'd heard of bitcoin but hadn't worked out how to buy any. I saw the price crash and decided to wait out before buying some. which I did. But nowhere near enough, it turns out!

I believe in karma. MatTheCat, your time dispensing TA on this forums will be rewarded. I hope you make some winning trades and get back some of that stash.

Nope...no stash on old USB stick or nothing. Even have the same wallet on my hardrive, showing old 2011-12 transactions for numbers like 177 BTC. Just around 500 quid worth or something back when that particular transaction was made.

I would put my mother on the game to get those 177 BTC back alone!

Sucks that you used bitcoin since 2010 (guessing, not sure) [and did not find a stash you forgot about or something on your harddrive] and rebought in 2013.

Yes.

In November 2013, at $700!

After I had bought some Silk Road Bitcoins at $100-ish from LocalBitcoins in September, then went offshore on a job that lasted around 6 weeks, came back and seen that my Bitcoin stash had trebled in value (Bitcoin around $340), filled my pants and sold for some instant 'free money'. That night I had a dream of Bitcoin going through $600 on Gox. If you read any of my posts, you will know I take great heed of my dreams. I woke up feeling like a proper dumb cunt. Bitcoin was up $50 or something since I sold, and I set about trying to get a Bitstamp account as the nice vendors on LocalBitcoin were all wanting 20% premiums. It took about 11 days before I was ready to go on Bitstamp, and Bitcoin had recovered from first flash crash and was back up in $700 range.

I am one of those who knew about Bitcoin pretty early on. Was using Bitcoin very early on, and who could have become a millionaire if only he had the correct mindset. I have the right mindset now, a bubble or two too late for a man of my means to really capitalise on Bitcoin.

This is a funny story. I am guessing you eventually bought back in?

Curious what I have to do with this? lol

Yes i'm much more serious in my posts. But I do have my moments 

I remember before this forum was called Bitcointalk. I started in this as a test because someone from my overclocking forum was having trouble mining on his 6950. I had one so I figured I'd try it and report back. I read a little about it and first thought was that this was like F@H but you get paid for it. I was like "Sweet!" Then I learned about Bitcoin and what it offers.

The Gox crash was somewhat surreal for me. I didn't know what was going on initially. I had about 100 mined BTC at the time, but none on Gox yet. I didn't have a huge investment as far as I was concerned, so I wasn't panicking. I remember watching on GoxLive as the price just kept ticking lower, then it was lights out. For 5 days!

Three years ago is about when the first talks of "The Manipulator" surfaced. I believed! I traded opposite of him (Pirate?) and made great money. And the walls of the single digits....

I see no trolling in OP post, but some folks haven't forgot that you were shilling for HashFail too which is now bankrupt. So I think that you are worse than OP.

SHHHHH maybe he knows already but doesn't make a clown of himself like you do! SHHHHH

3 years ago... I did nothing BTC-wise, as I recall. I was still in risk-taking mode, and the risks in terms of initial investment were negligible. Easy come, easy go.

SHHHHH! Don't tell him that! He might realize there were people here before himself!

3 years ago I heard about Bitcoin for the first time, but I got into it quite a bit later.

What puzzles me though, is that exactly 3 years ago Bitcoin ended its bear run after reaching 1 dollar parity, it was a second wave before the big bang to 32$. If you look at the logarithmic all time graph in the present (http://blockchained.com), then you'll see the end of the bear run after reaching 1k$ parity and the preparation for the next big bang. Like 3 years ago it was a second wave and the shapes are quite similar, only stretched along the time axis.

History repeats itself. Time fractals anyone?

Yeah, I can relate. After wrangling with my bank and dwolla for a couple weeks to get my first pittance into an exchange, it was simply a *very* liberating feeling to be able to near-instantly zip bitcoins around the bitconomy once I actually had some. Effortlessly shipping them around between a couple local wallets, web wallet, various services was incredible. I think I emailed my father right then saying "THIS is how money should work!". True believer ever since.

I still say that most adamant bitcoin naysayers have probably never even bothered to use it.