10 years ago the price of Bitcoin was like a baby. Bitcoin used to be bought and sold at a very low price which is unimaginable at the present time Bitcoin is widely presented among us. If you look at the Arab future, Bitcoin is likely to be more widely represented among us.
However, due to the low price of Bitcoin in the past and their good technical side, they are in a good position today.
Topic: Bitcoin 10 years ago (Read 489 times)
This can't be a comparison because 10 years ago we were clueless and only now is proof that $12 Bitcoin can reach as high as $69k (2021) as ATH and for its current price of $19.7k it's just history that Bitcoin went from small to high. to be the largest ever in a decade.
Now the best way is HODL in 2022 with an average price of $19k and wait 10-15 years from now will the current price become history again? Or in the next decade we will see $100k-$200k? It's possible for me Bitcoin has a different cycle in each iteration of its history.
Keep your money in Bitcoin for sure we can see how the price will come. the word HODL became my reinforcement.
Now the best way is HODL in 2022 with an average price of $19k and wait 10-15 years from now will the current price become history again? Or in the next decade we will see $100k-$200k? It's possible for me Bitcoin has a different cycle in each iteration of its history.
Keep your money in Bitcoin for sure we can see how the price will come. the word HODL became my reinforcement.
Yes, a decade ago, bitcoin wasn't this much known and famous. Many people have already came across with it but chose to neglect because we don't have any idea how it works or if it will become what it is now. In fact, there are only few people who trusted it and knows its value but only a very handful of people who still holds it until this very day. And you're right mate, this is a good chance to accumulate more while it is selling at a discounted price because we don't really know if this is already the rock bottom for the next decade to come.
Take every chance when the price are on discount! You just need to be more patient and keep buying whenever it gets even lower , can you do that? No of course not really much people can do this as whenever the price continue declining and seems endless ...
That is the time where most people give up.
But people would really be always minding that time should be going back and able to buy those cheap coins because if we do make up some comparison in todays price then it isnt something cheap as we do compareThat is the time where most people give up.
into those past years that had passed and also they've been thinking that even if they would accumulate on the current price, it cant still make out those huge multiplier profits that they could get.
This is why they arent really that interested on accumulating lots but its true that comparing to altcoins then i dont see any place where you could really make some ideal investment
and be holded for long years to come but only with Bitcoin.
Remember, Your past can be a motivation..
As if on any point of your life you feel that I just can't doo this or this is like something impossible just once, by recommending view or analyzing your past, You will feel like ohhh this .. this is nothing in front of what I have gone through last and you will grow faster then before and that would be the motivation from your past. The same case is with the Btc MANY OF US THINK OHHH NOOO its pozi dude looks at the past. You would know how a potential assets you own..
As if on any point of your life you feel that I just can't doo this or this is like something impossible just once, by recommending view or analyzing your past, You will feel like ohhh this .. this is nothing in front of what I have gone through last and you will grow faster then before and that would be the motivation from your past. The same case is with the Btc MANY OF US THINK OHHH NOOO its pozi dude looks at the past. You would know how a potential assets you own..
It's everyone's wish, but I suppose even if we had enough knowledge about it, we wouldn't have bought it at the time. We want to go back to that time because we already know what can be achieved today, not because we have full knowledge of it and want to possess it because of that knowledge. Those who made the first bitcoin transaction or those involved in bitcoin development at that time they had a very good knowledge of bitcoin but who will hold bitcoin until now?, I think definitely not. Even satoshi was skeptical of its development, no one was sure at the time.
People can only say this because they are not on the actual situation and even if today that btc is now famous, many of us are still hesitating to buy it. Those who made the early transactions of btc do have a little knowledge in btc but they are not aware if what btc can do, that its value can grow like this.If only they did then I don't think they will spend their btc like a normal currency but some of them are lucky to forgot access to their coins and recover it later on. Satoshi develop his own coin so he have a confidence that his creation will be known someday because it was unique and has an interesting use case and here it is now.
The price increased unbelievably since 2012. Even if we think back to just 4 years ago, $20k was a blessing, the truly high price Bitcoin achieved or almost achieved only once. Now, just a few years later, many are whining about it being such a low price. Yes, it's around 70% down from the ATH, and I agree that it's a huge drop. But around $20k is still very impressive, while at the same time being a good chance for a long-term investment. It's not cheap, but it's unclear if the price will fall significantly below this point, and it's still good if you believe Bitcoin can cost $100k-200k in the next few years, which I do.
Actually it's pointless to compare the early year of Bitcoin with the current year because Bitcoin price is really cheap on 2010, while Bitcoin price right now is already worth for $19K-ish which is the gap is too far.
It is pointless to cherry pick, but isn't that the whole point of we're trying to argue wanting to say gold performs better than Bitcoin? We can switch the goalposts all we like to fit our agenda, that's usually the point.
Start of Bitcoin and start of gold, put them side by side and see where we are today. That'd probably be the fairest but then I would whine that that puts 10 years of Bitcoin in comparison to thousands of gold.
sr. member
Activity: 1820
Merit: 418
Need a campaign manager? | Telegram:@worldofcoinss
I think you may want to check your figures and move the decimal point a bit ?
Nonetheless, if you’ve been holding since 2012- good on ya
Lol yeah, the difference is just $7K and gold are performing better than Bitcoin Nonetheless, if you’ve been holding since 2012- good on ya
Actually it's pointless to compare the early year of Bitcoin with the current year because Bitcoin price is really cheap on 2010, while Bitcoin price right now is already worth for $19K-ish which is the gap is too far. If you compare each day on 2010 and each day on 2022, all of them are gain and there's no day where Bitcoin price on 2022 lower than 2010.
I don't know why you think gold is performing better than bitcoin, but when you look at the growth of bitcoin compared to gold you'll realize what you're saying is untrue.
Networth of bitcoin 19K$/Bitcoin Is much more when you take into consideration all time gold value and compare it with bitcoin's all time value.
Of course, now looking at these figures and comparing the price of bitcoin with a difference of 10 years, of course it looks amazing, but they can only be real for those who have not parted with bitcoin. But at that time, the overwhelming majority perceived the crypt as entertainment and parted with bitcoin with ease, you didn't buy, for example, Sega's first releases for the sole purpose of stocking up on cartridges and putting it all in the closet to sell it all at auction in 20 years.
We will not get this type of increase ever again. From 12.5 dollars to nearly 20k dollars, that means it has increased 1600x times bigger, in order for us to go x1600 bigger from the current price, we would need to be 32 million dollars per bitcoin.
(....)
I understand your point, but we'll never know still. What if we will dump at a huge significant price of Bitcoin then it will go bounce back on some high price?(....)
We all know where Bitcoin will go, the same as what happened years ago when Bitcoin are starting. Or maybe if ever we will get on these high prices, for sure we don't exist anymore in this world.
You said what I was going to say. I do agree that the days of exponential growth counting from ATH to ATH can no longer happen. Getting in November 3.5x from 2017's mark only confirmed that.
But who's to say Bitcoin won't experience an incredible dump, as you say, even below March 2020's bottom?
I personally think that in the real of highly unlikely but Bitcoin's about to experience its first global depression.
$4k? $2k? Then another 20x from there to next ATH isn't just possible, it's probable.
It wasn't 12k in a decade ago. It was 12 USD. Probably a typo or you read it wrong. But yeah, those you held for a decade (I wonder how many of them are there), invested a good amount is probably leading the life now. But I doubt we will be seeing the price go up the similar way in the next few years or in a decade.
Most of the guys that hold since that era are typically those who forgot there Bitcoin wallet already and just recovered it lately. At that time Bitcoin price is too volatile and there’s no guarantee that the market keeps moving upward since there’s only few exchange and one of them is MtGox that start the bad impression of CEX for not safe to hold funds. I’m sure at that time is very anxious on holding there tokens due to a lot of scams so typically only few will remain as OG holders and those people are the one who didn’t check there wallet most of the time as well as the price.
A lot of people are exaggerating that if they had a chance to go back to that time, they would buy and hold to this day, or who wish bitcoin would drop to $1k and they would spend all their wealth to buy bitcoins. It's all a lie, I believe if we were at that point and things were uncertain we would be just as nervous as they were and quickly sell bitcoins if there was a profit. No one is brave enough to trust and hold bitcoin until now, no one is brave enough to hold bitcoin when our wealth grows 1000 times.
really it's time for us to invest by buying bitcoin I'm sure bitcoin will go to another month like 2020. I hope we can all feel something like that again.
14th October 2012 bitcoin was $12 currently at 19k, down with - 70% since its ATH I feel this a second chance given to new investors
Take the chance today and HBTCDL
Take the chance today and HBTCDL
Bitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in June 2019, with the price surpassing $10,000. However, it fell to $6,635.84 by mid-December.
If only we were aware of bitcoin 10 years ago and we had enough knowledge about it back then we could have at least hold on to some of it.
Assuming that I knew about bitcoin back then and I bought 10k BTC then I would have sold most of it in the previous bull and bear cycles.
But at any cost I would have hold on to at least 100 BTC and even that would have made me a millionaire.
But I am happy that I got to know about bitcoin at least in the last few years.
Not a millionaire but at least I am happy to hold some coins and I wish it makes me a millionaire some day.
Assuming that I knew about bitcoin back then and I bought 10k BTC then I would have sold most of it in the previous bull and bear cycles.
But at any cost I would have hold on to at least 100 BTC and even that would have made me a millionaire.
But I am happy that I got to know about bitcoin at least in the last few years.
Not a millionaire but at least I am happy to hold some coins and I wish it makes me a millionaire some day.
It's everyone's wish, but I suppose even if we had enough knowledge about it, we wouldn't have bought it at the time. We want to go back to that time because we already know what can be achieved today, not because we have full knowledge of it and want to possess it because of that knowledge. Those who made the first bitcoin transaction or those involved in bitcoin development at that time they had a very good knowledge of bitcoin but who will hold bitcoin until now?, I think definitely not. Even satoshi was skeptical of its development, no one was sure at the time.
We like progress and that's hell of a kind for bitcoin.
I don't know, maybe if I'm holding bitcoin or bought at that time. There's a big tendency that I might have sold when it goes $50 - $100 or a thousand.
It's not that easy to hold for so long unless you've forgotten that you have it all of these years and suddenly remembered. That happens for some instances.
I don't know, maybe if I'm holding bitcoin or bought at that time. There's a big tendency that I might have sold when it goes $50 - $100 or a thousand.
It's not that easy to hold for so long unless you've forgotten that you have it all of these years and suddenly remembered. That happens for some instances.
We will not get this type of increase ever again. From 12.5 dollars to nearly 20k dollars, that means it has increased 1600x times bigger, in order for us to go x1600 bigger from the current price, we would need to be 32 million dollars per bitcoin.
(....)
I understand your point, but we'll never know still. What if we will dump at a huge significant price of Bitcoin then it will go bounce back on some high price?(....)
We all know where Bitcoin will go, the same as what happened years ago when Bitcoin are starting. Or maybe if ever we will get on these high prices, for sure we don't exist anymore in this world.
This is the meaning of:
results that do not betray the long struggle and process. Bitcoin used to be considered something strange and impossible for many people to accept. But now, Bitcoin is one of the investment targets with a high market cap.
Maybe right now, the price of Bitcoin is falling but that doesn't mean trust in Bitcoin is decreasing. The proof is that more and more parties actually buy Bitcoin during Bearish because of the preparation for the bullish momentum later.
results that do not betray the long struggle and process. Bitcoin used to be considered something strange and impossible for many people to accept. But now, Bitcoin is one of the investment targets with a high market cap.
Maybe right now, the price of Bitcoin is falling but that doesn't mean trust in Bitcoin is decreasing. The proof is that more and more parties actually buy Bitcoin during Bearish because of the preparation for the bullish momentum later.
We will not get this type of increase ever again. From 12.5 dollars to nearly 20k dollars, that means it has increased 1600x times bigger, in order for us to go x1600 bigger from the current price, we would need to be 32 million dollars per bitcoin.
I am not saying that it won't go up, it will go up and make you rich and you should invest into it, but do not imagine for a second that there are a lot of profits to be made left. You could make 5x, and that's more than good enough in this market and we need to prepare ourselves for something like that. If you get ready for 1600x then you will be sad, but if you get ready for 5x then you will be ready.
I am not saying that it won't go up, it will go up and make you rich and you should invest into it, but do not imagine for a second that there are a lot of profits to be made left. You could make 5x, and that's more than good enough in this market and we need to prepare ourselves for something like that. If you get ready for 1600x then you will be sad, but if you get ready for 5x then you will be ready.
How are they feeling who sold 10 years back? But we don't realize now how we will feel 10 years later since we are selling Bitcoin. We can't imagine the important of things when we have it. But those don't have or lose they realize. It's not too late, newbies should inspire when they notice what was the price 10 years ago and what would happen 10 years later.
Sometimes I wish I knew about Bitcoin earlier. Early adopters of Bitcoin had a once in a lifetime opportunity by being in the scene so early. I learned about cryptocurrencies somewhere in 2014, which isn't too late I guess, but being a moneyless teenager, I couldn't do much to acquire Bitcoin early on. I remember asking my parents' permission to use their card in order to buy one whole Bitcoin but getting rejected. Thus, I resorted to trying to acquire BTC in other ways, such as faucets. I managed to accumulate a decent sum through them, but it wasn't any life-changing amount, even by today's standards.
For those saying that Bitcoin's price is irrelevant, it's not. We don't share the same opportunities compared to the past. A thousand dollars could get you a couple of BTC in 2013-2014. You'd only receive approximately 0.05 BTC. The possibilities of multiplying that kind of money now are way too slim compared to 2012-2014.
For those saying that Bitcoin's price is irrelevant, it's not. We don't share the same opportunities compared to the past. A thousand dollars could get you a couple of BTC in 2013-2014. You'd only receive approximately 0.05 BTC. The possibilities of multiplying that kind of money now are way too slim compared to 2012-2014.
Jump to: