^^ That is the point, its economy and a process of exchange. Dont be sad about it, we need sellers, we need the price to go lower sometimes because this mixes it all up like a good cocktail drink. It cannot just be one thing or the exchange of value between people does not occur and BTC is not operating properly as facilitating trade. If it does none of that and everyone acts super smart never spending, then ironically BTC is really not worth even half as much.
I mined a Bitcoin just using a few graphics cards, problem was it cost me electricity to do it so I didnt keep the BTC expecting a giant rise. Price when I first took a proper interest was about 100 and this was not considered too cheap.
It then was surprising in keeping this price as a base, everyone started noticing and it rose to about 10x eventually and then lost most of those gains but I believe it never came back to 100 and again we have the same now. It fell tons but 3000 really wasnt that low at all
Topic: Can not believe 5 years ago you could of bought one whole bitcoin for this much! - page 16. (Read 9558 times)
July 03, 2019, 04:31:04 PM
July 03, 2019, 03:45:52 PM
Well I still regret I sold 2 bitcoins for $250 each. 
But I needed the money back in those days.
But I needed the money back in those days. July 03, 2019, 03:36:55 PM
I remembered when I'm still doing a small task like faucets, you can actually earn BTC0.0025 to BTC0.003 a day depending on how much you applied effort on that day.
Gavin Andresen created the first bitcoin faucet back in 2010, which used to give away 5 BTC per claim. You can see an old archive of the site here: https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/There were also on forum giveaways or competitions like this one from user BitcoinFX: The Worlds First Sudo-Anonymous Poker Tournament ? He donated 1000 BTC of his own money in to the prize pool, $11 million at today's prices.
July 03, 2019, 11:43:13 AM
For $651~ you could of got yourself a shiny whole bitcoin on coinbase plus their $6.66 fee.
I wouldnt of mind paying this fee on top regardless.
Even if they were asking 10% of the purchase amount at the time which is probably more by now.
I wouldnt of mind paying this fee on top regardless.
Even if they were asking 10% of the purchase amount at the time which is probably more by now.
You can remember this guy that bought pizza right?
Unfortunately, those times are gone and BTC will never come back to such a great price. Maybe there will be some misplaced orders and some luckies are going to get such a price. 
July 03, 2019, 03:03:15 PM
Actually at the start of 2017, the price of Bitcoin is still cheap, if my memory serves me right, it's ~ $1000. The bullish sentiments starts around early February specially when the news of possible (first) Winklevoss ETF approval looming. But we all know what happens after that, no ETF the price goes below $1000 March but then when Japan enter in April, the landscape has change pushing the price even further at the end of the year.
And we would have thought that Bitcoin just starts at $0.008 in 2010 and then grow astronomically to almost $20,000? That's why it is the best speculative asset we have right now surpassing gold.
And we would have thought that Bitcoin just starts at $0.008 in 2010 and then grow astronomically to almost $20,000? That's why it is the best speculative asset we have right now surpassing gold.
July 03, 2019, 03:00:06 PM
For $651~ you could of got yourself a shiny whole bitcoin on coinbase plus their $6.66 fee.
I wouldnt of mind paying this fee on top regardless.
Even if they were asking 10% of the purchase amount at the time which is probably more by now.
I wouldnt of mind paying this fee on top regardless.
Even if they were asking 10% of the purchase amount at the time which is probably more by now.
That time, only a few anticipated that BTC will soon go on in a blast they can't imagine.
$500 is even considered a decent price back then because of a year-long price swing within $200-$300 and reaching $1,000 is like a dream.
I did several conversion of my precious BTC1 to fiat on that price. And besides, no doubt that earning BTC is kind of not a difficult task back then. I remembered when I'm still doing a small task like faucets, you can actually earn BTC0.0025 to BTC0.003 a day depending on how much you applied effort on that day.
Well then, no time for regrets. Just accumulate today while we can.
July 03, 2019, 09:11:16 AM
Nobody expect the price could be this high,I still remember I cash out my bitcoin for 200$ per bitcoin and so happy at that time because I consider the price already so high, and now the price already hit 10k and if the price could stabilise I believe the price could go beyond that,now I am more careful to spend my coin
We can never predict what is the stable value what is the maximum value and when it will rise or fall that makes the crypto to be an interesting investment.Maybe we are still early to invest who knows we might regret about the current price in two or five years later. 
July 03, 2019, 02:46:12 PM
We could have bought Bitcoin at that price in those days, but did we know at that time that Bitcoin would have a very high value like today, of course not. And if everyone knew Bitcoin would be like now, it would be impossible for them to sell Bitcoin at a low price, they would flock to buy as much Bitcoin as possible and hold it to date.
Exactly.No one would come into realization that this cheap bitcoin before will now become a very expensive and in demand cryptocurrency.Lucky are those who have bought bitcoins before and have hold up to this year because for sure they are gaining much profits already.No one would dare selling it in such a low price if they have ideas already that its price will still surge into a very expensive one. 
July 03, 2019, 12:09:27 PM
I was in crypto world during 2013 hype times, I think it went from 30 dollars to 250 dollars and went back to 150 dollars but I could be wrong on the prices. I vividly remember seeing bitcoin at 150 dollars, knowing what it was and what I could have done I wouldn't change a thing.
That wasn't a time when I had money and I still would have purchased bitcoin at 150 bucks if I could at that time as well but since I had no money I couldn't do it (I got engaged couple months later and married couple years later so I always had an expense I had to pay and never had any money). So just because you could have bought bitcoin for cheaper doesn't always mean you could have bought it, there are people like me who were willing to buy it but never had the means to actually spend money on bitcoin as well.
That wasn't a time when I had money and I still would have purchased bitcoin at 150 bucks if I could at that time as well but since I had no money I couldn't do it (I got engaged couple months later and married couple years later so I always had an expense I had to pay and never had any money). So just because you could have bought bitcoin for cheaper doesn't always mean you could have bought it, there are people like me who were willing to buy it but never had the means to actually spend money on bitcoin as well.
July 03, 2019, 12:07:56 PM
We could have bought Bitcoin at that price in those days, but did we know at that time that Bitcoin would have a very high value like today, of course not. And if everyone knew Bitcoin would be like now, it would be impossible for them to sell Bitcoin at a low price, they would flock to buy as much Bitcoin as possible and hold it to date.
July 03, 2019, 11:46:25 AM
For $651~ you could of got yourself a shiny whole bitcoin on coinbase plus their $6.66 fee.
I wouldnt of mind paying this fee on top regardless.
Even if they were asking 10% of the purchase amount at the time which is probably more by now.
If you are really looking at the price of 2015 it went below $250 and i still remember when i used to gamble i usually look at the price of bitcoin to make sure how much i gain or loss and make an assessment on how things are and i have lost a lot of coins to some of the gambling sites during that period I wouldnt of mind paying this fee on top regardless.
Even if they were asking 10% of the purchase amount at the time which is probably more by now.
. I stopped spending my coins like that when the price started rising and since you mentioned you cannot believe the price five years ago i just wanted to point out that the price went below $250 during 2015 and around Nov 2015 the price crossed $300.
July 03, 2019, 06:12:59 AM
Nobody expect the price could be this high,I still remember I cash out my bitcoin for 200$ per bitcoin and so happy at that time because I consider the price already so high, and now the price already hit 10k and if the price could stabilise I believe the price could go beyond that,now I am more careful to spend my coin
July 03, 2019, 11:23:57 AM
Basically there is no people can predict the future even so for the future of bitcoin which is maybe nobody expect the price of bitcoin will be very high such as today and that's why people don't too care and doubt hold bitcoin will be so profitable because if most of people know the future of bitcoin then people including me will buy bitcoin early and never to sold it
July 03, 2019, 09:05:58 AM
Time passes so fast that we don't feel the money we have at that time can make us suddenly rich at the price of Bitcoin now. There is a sense of regret, but who knows if the price can be as it is now, we used to think that Bitcoin will succeed at a high price, but who would have thought that really happened.
July 03, 2019, 08:40:52 AM
That date of purchase, 1st July 2014, was a local peak. Over the next 6 months, bitcoin would lose approximately 75% of its value, bottoming out at ~$170 in January 2015, and not raising back above $650 for 2 years.
I remember that time, it seemed that bitcoin will sink even lower and many were disappointed considering the past ATH which was $1100. In that time I invest some money in BTC, it was very easy to buy one whole coin - and I made bad move to sell them few months later with some small profit. But that was some other time, people were less aware of some things than they are today, and I can include me to that majority who did not realize the full potential of bitcoin.
But I think that people who were then involved with cryptocurrency learn some valuable lessons, and one of the most important is that we should never underestimate bitcoin.
July 03, 2019, 06:37:53 AM
Because the demand and supply have been increased also. If we know that the price before it can be doubled or tripled at this current year for sure a lot of people had been bought a huge number of Bitcoin and become multi millionaire. So, no doubt with another 5 years ahead of bitcoin will continue growing up. If you look out the chart price of bitcoin way back in that year 2014 compared this recent year, it's far behind.
I remember a young millionaire who had bought bitcoin at the cheapest price in the year of 2011 at the price of $12 per bitcoin the gift of his grandmother(he is Erik Finman).
I remember a young millionaire who had bought bitcoin at the cheapest price in the year of 2011 at the price of $12 per bitcoin the gift of his grandmother(he is Erik Finman).
July 03, 2019, 06:08:27 AM
For $651~ you could of got yourself a shiny whole bitcoin on coinbase plus their $6.66 fee.
I wouldnt of mind paying this fee on top regardless.
Even if they were asking 10% of the purchase amount at the time which is probably more by now.
[img]https://i.ibb.co/nkPbv80/hxx1yzicku731.jpg[/i mg]
Well that is not still far from when I picked interest to invest in bitcoin, bitcoin was $1000 then, the only thing I just regretted was not to accumulate as much as possible, although it is not very easy to accumulate so much then because of the financial state I was in then.I wouldnt of mind paying this fee on top regardless.
Even if they were asking 10% of the purchase amount at the time which is probably more by now.
[img]https://i.ibb.co/nkPbv80/hxx1yzicku731.jpg[/i mg]
This one is not even the most painful aspect of bitcoin to me, the most painful aspect of bitcoin what when it all started back then around 2009, I was sound and healthy, I was also financially buoyant then to gather thousands of this bitcoin, I wish I could turn back the hands of time to 2010. People that were lucky most are those that participated in its ICO and got this token free, though some of them are still full of regrets now because majority of them sold when bitcoin entered $1.
July 03, 2019, 05:32:35 AM
the said price is still expensive and i cannot still buy it but that is way more better than compare to the price these days .
those who bought bitcoin that time are courageous people because they risk from the unkown but only few people stayed long in the game .
weak handed ones are being eliminated easily .
those who bought bitcoin that time are courageous people because they risk from the unkown but only few people stayed long in the game .
weak handed ones are being eliminated easily .
July 03, 2019, 04:33:34 AM
Lol, one dude even bought $26 worth (5000 BTC!!!) for his thesis, forgot about them, and eventually came back finding that the value has exploded to buy an apartment with them:
https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home
I imagine life would be a lot different if I had been interested in the (really) early days.
Most of us indeed will have the same interest if we can turned back the time, it's really amazing how this coin being lift by supporters and investors who entrust their money inside this industry, maybe we won't be able to see that amount again but chances to see more growth still possible, if you have the courage and you are optimistic to what extent bitcoin will bring your investment, buy and hold let you fate dictates the amount of your profits. https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home
I imagine life would be a lot different if I had been interested in the (really) early days.
July 03, 2019, 04:25:10 AM
I bought some of my first bitcoins when the price was $300+ and back then it was a huge risk because the regulators were hunting Bitcoin traders and platforms trading fiat for coins. In hindsight it might look simple, but people where very cautious back then to link their true identity with services like Coinbase at the time. 
So, put yourself into the shoes of those people back then and see if you would have risked investing loads of money into something that was quite risky at the time. 
So, put yourself into the shoes of those people back then and see if you would have risked investing loads of money into something that was quite risky at the time.
Jump to: