Bitcoin 13 years ago... - page 3. | Bitcointalksearch.org

Pumared

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Quote from: MarjorieZimmermanGinger on October 08, 2022, 12:56:24 PM

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Makes me kind of asking myself where I was and what was I doing at this time 13 years ago

The adoption and acceptance of bitcoin is very different in 2009 until now, awareness of the use of bitcoin has grown like the blood that flows in our bodies every day.
Bitcoin has shown an extraordinary existence, not only in countries that have started to legalize bitcoin as a legal currency and means of payment.
Bitcoin's growth has reached another stage as a promising investment asset, with many companies starting to buy bitcoins using company money.

For example, news sources that I often read on the internet, regarding bitcoin ownership in companies and if there is no change in ownership.

MicroStrategy 121,044 Bitcoins.

Tesla 48,000 Bitcoins.

Galaxy Digital 16,402 Bitcoins.

Square of 8027 Bitcoins.

Marathon Digital Holdings 4,813 Bitcoins.

Hut 8 Mined 4,724 Bitcoins.

Coinbase 4,483 Bitcoins.

Nexon 1,717 Bitcoins.

In my view, it is still necessary to prove itself over time. 13 years is a long time, but for an asset to be more reliable it is necessary to prove itself in the face of even bigger crises than Bitcoin has already passed.

Oceat

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If I have time to go back in time I would do it since I never heard of it since the day it was created and it took me some time to discover this innovative invention. Maybe it's not that common in my country or I was just fooling around at that time when this was being released.

But anyway, we can't really turn back time so it's time to move on and the important part is that it's not really too late to buy this innovative invention and it's a gift once you have it even a single BTC today is enough. How much more if this price grow even more in the future?

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Quote from: The Cryptovator on October 07, 2022, 11:59:47 AM

Keep in mind when something discovers new it takes a few years to reach end users. So Bitcoin isn't different, it was underestimated at the beginning. It took a couple of years to understand how Bitcoin works and its value of that. Now we all know about Bitcoin and what it's worthy. But still, you will find people that never heard about Bitcoin and they will regret the same we regret now when they will introduce Bitcoin. So it's a normal procedure, nothing wrong at all.

Who had really thought that Bitcoin would fly up its value like this? No one really had anticipated nor expect for it to go this big.This is why lots had made out some regrets on not to buy as much as they could into

those early years, even myself did really have some regrets that i had just let it slip the golden opportunity to buy when its still $100 as far as i remember.
How much more into those years where it do really value as low as 1 bucks?

No one had expected and thats why to those people who had believed into its potential are the ones who had been rewarded.

MarjorieZimmermanGinger

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Quote from: Fivestar4everMVP on October 06, 2022, 12:57:51 PM

How does this make you feel?

Almost can't feel anything, flashback to bitcoin in 2009. I also try to remember when bitcoin was so valuable and growing so fast, but in the end there was nothing to think about other than having to own it now.
And this would make us feel even more left out, if today were not to partake of bitcoin.

famososMuertos

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Quote from: Fivestar4everMVP on October 06, 2022, 12:57:51 PM

I found the below image online, this was exactly 13 years ago when the price of bitcoin was still as good as zero, it is seen on the table that exactly today, being the 6th of October, 2009(13 years ago), with $1, one could purchase BTC1,130.53...
I then tried to calculate what BTC1,130.53 is worth today according to Bitcoin's current market price, and I am indeed overwhelmed.
Makes me kind of asking myself where I was and what was I doing at this time 13 years ago Huh

How does this make you feel?

EDIT: I found this article too really interesting to read - https://www.cryptodefinance.com/1300btc-worth-1dollar-new-liberty-standard/

I don't remember the context but last year someone in my local section put a similar post on that idea of; price before and price now, and they asked more or less the same question, well this year I'll be 13 years old... for example of being on Twitter, 2009! and it is one of those things that has a record in my "timeline," and it is the message that not everything that shines is the light of the road... nah! funny moment, in any case.

By the way, I always repeat it without regrets, I have achieved many life goals that...! in relevance they are perhaps more important to me and what makes me say ok; "I did not get hooked on bitcoin at the time men" but where I am today, it makes me so happy.

The Cryptovator

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Keep in mind when something discovers new it takes a few years to reach end users. So Bitcoin isn't different, it was underestimated at the beginning. It took a couple of years to understand how Bitcoin works and its value of that. Now we all know about Bitcoin and what it's worthy. But still, you will find people that never heard about Bitcoin and they will regret the same we regret now when they will introduce Bitcoin. So it's a normal procedure, nothing wrong at all.

Cryptomiles1

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It was good chances at then but question to ask, do you still believe you could have hold till 13 years time or sell off. You don't have to be mad over what you knew can't be possible to hold or do. We always reflect back to what happened then but how prepared where you and if such opportunity is given how many people would have given attention or buy, maybe they would label it to be a cheap scammed project or something similar.

MainIbem

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This is how it always looks like, maybe at then if you were told or asked to buy you wouldn't have given it much attention. Trust me or not I can say it was from this forum you gat to know and have deep knowledge about Bitcoin, even if you were chance same thing would have happened. That is why I don't really give attention to those crying they missed the chances of acquiring lot of bitcoin at cheap price. And come to think of it, do you think you could hold till date?
Is simply No because after using about $1500 to acquire such volume of bitcoin immediately you would sell of by 10x so don't panic.

That is why i still remains thankful to this forum for giving me a clear vision about bitcoin because every day I read and gets educated about bitcoin usefulness.

FriedeFritz

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When you need it, where is the time machine? But

Yes, we did miss the 2010 BTC boat. However, we are still on the Crypto train. Since cryptocurrency is a technology, it should and does adhere to the general technology adoption criteria.

BD Crypto

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I also saw Bitcoin price which was very little as 570$ per Bitcoin.I think this was in 2016 or 2017. Actually now also have time for newcomers to enter in Bitcoin as we will see a new all time high in the next bull session. So we should not regret and there is another chance to enter in Bitcoin.

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Quote from: Findingnemo on October 07, 2022, 10:35:31 AM

People who understood the potential of this evolutionary technology invested few hundred dollars and became millionaires but many of the people who bought it just for no reason at all and its like a lottery for them if the coins are still in their possession. But what if doesn't matter anymore, what matters is whether we want to invest now and wait for it to go 5 or 6 figures.

During this time many may not really buy them, most of the user before mined their bitcoins and hold them. Others have stories before that they mined it and just left it in their old laptop and didn’t recover it since they don’t have their laptop anymore. I guessed those who take BTC seriously before were really into innovation that makes them interested on it despite having no value. Lucky those who know it before and still manage to have them when they can sell it in a huge price.

Issa56

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13 year's ago just very few people know about about bitcoin and most of the people that know about bitcoin they don't believe in bitcoin, most of them don't believe bitcoin price will get to the current price, am sure most people that bought when the price was still very low already sold. Lot's of people have been wishing they know about bitcoin early, why some people that know about bitcoin early wish they are still holding bitcoin till now, because am sure most of them sold already. I think if anybody still invest in bitcoin at the current price it's not really bad, because am sure some people will still regret why they didn't invest in bitcoin at the current price later in the future.

seoincorporation

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It makes me feel good and proud of bitcoin.

Maybe we come late to this party but se it grow that high just proves the success of the project. And is important to quote Satoshi words about bitcoin.

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In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume.

Satoshi made his bet to be a huge success or a clear fail. And now we see how the technology grow and become part of the global economy.

Findingnemo

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People who understood the potential of this evolutionary technology invested few hundred dollars and became millionaires but many of the people who bought it just for no reason at all and its like a lottery for them if the coins are still in their possession. But what if doesn't matter anymore, what matters is whether we want to invest now and wait for it to go 5 or 6 figures.

kryptqnick

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I was too young to get involved with Bitcoin 13 years ago, but I certainly could put more faith when I did get involved and the price was in hundreds of dollars per coin or get involved a couple of years earlier. We shouldn't feel sad about missing out, IMO. We have no idea how it would've played out. You could lose access to them because of storing on an exchange that performed an exit scam or just because that piece of paper with essential info didn't seem important for a long time. There's also a good chance that a person would sell way too early.
IMO focusing on what's happening now is more productive.

Getmon

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So easy to say that we spill all of our money into Bitcoin had we heard it long time ago. But are you good in technology 13 years ago? Are you investing to a so-called nonphysical money that authorities cannot cannot control? Do you trust an anonymous developer like Satoshi Nakamoto? Are we not questioning Satoshi to reveal himself if he is not a scammer?

And, did we ever invested into something 13 years ago? What could be the value of your investment now? If we do not have an investment 13 years ago, we better not claim to have bought Bitcoins too.

imamusma

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I even firmly believe that if I had $100 in 2009 and invested it in bitcoin, I would sell it all at $10 or $20 then. No matter how much it makes sense for us to reminisce about something we didn't have in the past, it's going to be ridiculous and it's bound to make us fantasize.

Now I'm just going to think about something I might be able to achieve in the future, think the same thing and have faith about it. I don't know how much money I can afford to invest in bitcoin, but I really want to do whatever I can afford right now. Right now I don't want to fantasize about a past we didn't have, but I do hope that my fantasies about the future can come true.

Techkoy407

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at that time the sophistication of technology was not as sophisticated and advanced as it is now,
so at that time people were not very familiar with crypto even a few knew,

some know too, but they are not interested in buying it.

because in 2009 there was also no android mobile phone, and the internet network if I'm not mistaken it's still 2G or 3G I forgot.

maybe the people who bought bitcoin at that time were people who were really smart and could predict bitcoin in the future.

glendall

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Quote from: Fivestar4everMVP on October 06, 2022, 12:57:51 PM

I found the below image online, this was exactly 13 years ago when the price of bitcoin was still as good as zero, it is seen on the table that exactly today, being the 6th of October, 2009(13 years ago), with $1, one could purchase BTC1,130.53...
I then tried to calculate what BTC1,130.53 is worth today according to Bitcoin's current market price, and I am indeed overwhelmed.
Makes me kind of asking myself where I was and what was I doing at this time 13 years ago Huh

How does this make you feel?

EDIT: I found this article too really interesting to read - https://www.cryptodefinance.com/1300btc-worth-1dollar-new-liberty-standard/

if you asked me how my feel, very sorry why i don't have bitcoin since 13 years ago, but regret is not the end of everything, we can invest anytime if we are ready to invest everything will follow the bitcoin flow later

Yatsan

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Quote from: rendravolt on October 07, 2022, 08:33:49 AM

Quote from: Bazzu on October 07, 2022, 06:32:43 AM

I'm a beginner in bitcoin, I didn't expect bitcoin to be so cheap, if I've known bitcoin before, I might have bought a lot of bitcoins. but yes of course it's never too late to buy bitcoin, even though bitcoin is now expensive, but I'm sure in the future the price of bitcoin will be even higher.

If you are a beginner then the first thing you should do is buy a small amount of bitcoins every day or week. Of course it will not be felt on your finances. While it's still in a bear market now, the price of bitcoin may continue to fall for quite a long time. It's never too late for a future adoption and bitcoin is decades old and still exists today.

Sounds cliché but for beginners, best thing to do is to know what they are engaging themselves with. It is easy to put money into something but accepting high risks of losing money from doing so, especially if you are already at that point, would be problematic if you won't be prepared for the outcome. It won't always be a winning investment. Market volatility alone does not determine assured profit.

Also, surfing for more would be a better idea. If a beginner would be also awre of other cryptos, cryptoactivities, market behavior and such, it might help him learn and create his own tactic in this industry to lessen the risk of losing, nd to increase ways of earning not merely depending with buying and selling.

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