First-Ever Bitcoin P2P Transaction Happens Today

betswift

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Quote from: iceland2k14 on Today at 06:16:07 AM

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either be very large transaction volume or no volume.

That might have been indeed a big gamble in initial days. But slowly slowly the efforts made it worth something now.

When a project is passionate and upholds its ideals - it has more chances to withstand the test of time.
Indeed, we can only see the meaning behind these words only now, and appreciate Bitcoin as it is.

iceland2k14

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either be very large transaction volume or no volume.

That might have been indeed a big gamble in initial days. But slowly slowly the efforts made it worth something now.

fikrett

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Quote from: Accardo on Today at 03:39:29 AM

What I fathom with Bitcoin's history is the reminder that it's never too late, we are always early. Hal Finney on the other hand after receiving the btc worked so hard to improve the technology, I've seen some tweets about his predictions on Bitcoin, and the dreams he had for btc, which is quite big. Having Bitcoin at this rate 16 years after the first transaction, proves that our expectations should be targeting $millions per 1 in the next 15-16 years.

We will always think about how BTC will be in the future to come.
Wonderful thoughts indeed. And it truly brightens the mood thinking that in the end, Bitcoin will be adopted more and more through the world

Accardo

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What I fathom with Bitcoin's history is the reminder that it's never too late, we are always early. Hal Finney on the other hand after receiving the btc worked so hard to improve the technology, I've seen some tweets about his predictions on Bitcoin, and the dreams he had for btc, which is quite big. Having Bitcoin at this rate 16 years after the first transaction, proves that our expectations should be targeting $millions per 1 in the next 15-16 years.

FortuneFollower

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Quote from: Smartprofit on January 12, 2025, 01:11:47 PM

I am sure that in the next 16 years, the price of Bitcoin will grow at least 10 times. Moreover, this is a very conservative forecast.

Bitcoin's capitalization has already exceeded the capitalization of silver. At the same time, we know that Bitcoin is called digital gold. When Bitcoin's capitalization equals the capitalization of gold, its price will be higher than 500 thousand US dollars.

-snip-

Totally. It's a no-brainer that the price of Bitcoin would skyrocket after so many cycles we think about in a 16 years or so.
So we can make as much as OP said and more - we just need to learn about Bitcoin, follow what's new about it, and keep our diamond hands at hodling.

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It's easy to look back and regret not taking the risk but investing always involves uncertainty. Even though btc was at lower price in 2018 no one could have predicted its rise. Looking ahead, it is possible to still make gains.

Wonder Work

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Quote from: Smartprofit on January 12, 2025, 01:11:47 PM

Bitcoin's capitalization has already exceeded the capitalization of silver. At the same time, we know that Bitcoin is called digital gold. When Bitcoin's capitalization equals the capitalization of gold, its price will be higher than 500 thousand US dollars.

Bitcoin has long surpassed the value of silver, but it is conceivable that BTC will equal the value of gold, but it needs a much better position and time. When we think about it, gold is stable. Bitcoin could not be stable like that, but the way the gold market moves, it can be stable. We need to wait a lot, and we do not know if it will happen because nothing can be said for sure, but we can temporarily expect that Bitcoin's stability will be equal to the price of gold.

However, it is true that if Bitcoin were equal to the value of gold, its price would be more than five hundred thousand US dollars. It seems natural to me that it will equal 500 thousand US dollars.

Looking back a few years ago, we can see the situation with Bitcoin. And now, what situation has it reached in the present time? As we move forward in line with the modern world, Bitcoin will take a good position.

tbct_mt2

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Quote from: kotajikikox on January 12, 2025, 11:15:25 PM

Just like no one predicted bitcoin to reach this much growth back then, I believe it is the same as now.

The Bitcoin founder, Satoshi Nakamoto made his prediction on Bitcoin future before his disappearance.

Quote from: satoshi on February 14, 2010, 10:52:23 AM

Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.

Prediction is about Bitcoin transaction volume, not directly about its price, but it's easily to connect between demand and price. Higher demand in higher transaction volume means higher price. It's an easy math especially if we know Bitcoin future inflation decreases with time, halves every 210,000 blocks or about every 4 years.

How is 21 millions bitcoin cap defined and enforced.

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Quote from: Faisal2202 on January 12, 2025, 12:13:08 PM

The very first P2P transaction was made on 12 January 2009 when Satoshi Nakamoto sent 10 BTC to Hal Finney.

Quote

One of the first supporters, adopters, contributors to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (block 170).

Source

16 years ago today, that transaction might have been worth nothing in value, and today it is valued at $950K. BTC has achieved a lot and outperformed the expectations of many. Even Satoshi might not have predicted it. I first came to know about BTC in 2018 and it was somewhere between $3k and $5k, it was very cheap I planned to buy it with my cousin by borrowing money but I suggested investing in anything by taking a loan can be very risky, plus we both were unemployed so we did not take the risk, and now we both regret it. Well, the opportunity was missed. Can we still make this much gain in the upcoming 16 years? What do you guys think?

Wow this is truly historical and I am regretful for not taking full advantage of the opportunity at the time, as we were blind to the future of what the results will be today. Happy New Year everyone, the time is now.

kotajikikox

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Quote from: Faisal2202 on January 12, 2025, 12:13:08 PM

Well, the opportunity was missed. Can we still make this much gain in the upcoming 16 years? What do you guys think?

Just like no one predicted bitcoin to reach this much growth back then, I believe it is the same as now. People may think that it is over and bitcoin has hit its peak or its ceiling and that it is not going to grow any more but I would disagree. I believe in bitcoin and its utility and security are only a few factors why I think it would never diminish in value not even talking about the fact that it is anti inflation due to its fixed supply.

Another 16 years and we would wish we have bought more bitcoins today when we are looking back. That is if you have not yet. Make every year count, grab every opportunity.

SilverCryptoBullet

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It's a good reminder and anniversary for one of most important moments in Bitcoin history.

There are some resources to have a closer look on this first Bitcoin P2P transaction.
Payment No. 1: A Closer Look at the Very First Bitcoin Transfer
Bitcoin and me. Hal Finney shared some information about it in this story telling topic.

SatoPrincess

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Quote from: Faisal2202 on January 12, 2025, 12:13:08 PM

Even Satoshi might not have predicted it. I first came to know about BTC in 2018 and it was somewhere between $3k and $5k, it was very cheap I planned to buy it with my cousin by borrowing money but I suggested investing in anything by taking a loan can be very risky, plus we both were unemployed so we did not take the risk, and now we both regret it. Well, the opportunity was missed. Can we still make this much gain in the upcoming 16 years? What do you guys think?

I don’t advice people to borrow money to invest in Bitcoin. And to answer your question about the future of bitcoin in the next 16 years would mean I have a crystal ball in my hands. You don’t have to take my word or the words of anyone, you can search coingecko for the statistics of how bitcoin has performed over the years.

wheelz1200

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For one i never recommend taking out a loan for anything that you can lose. But do i think there is still a ton of unfinished business in terms of the bitcoin price, yeaht here is still plenty of time to make money on crypto no need to back away now. Its still in its early times and the price should only go up from here. But dont ever take put loans and create debt hoping that you will make money with that. If it drops it could cripple your financial situation.

nakamura12

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The thread title kinda throws me off since first p2p happen long ago but I finally understand it after reading OP that it's about the time and date which is January 12. It kinda make me compared it to 2 pizza although the amount of bitcoin is not the same although it's price would be different between today and before just like the bitcoin pizza. My answers to your question is that yes, we can gain in the next upcoming next 16 years since price is changing time after time so it means there will be many opportunities.

Mia Chloe

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At first when I saw the title of this post I first thought well this post is definitely wrong and that's because the first ever bitcoin P2p transaction happened Long ago and I think it was between Satoshi and Hal Finney besides there can be only one first P2P transaction right? .

Anyways bitcoin has been too good to be true that's if you actually follow past trends and stuff. The price movement over the last couple of years have been nothing but massive. Bitcoin will continue in this trend much longer than we expect but the thing is people may not be able to accurately tell price movement as time goes on.

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Quote from: Callido on January 12, 2025, 01:44:20 PM

Quote from: Faisal2202 on January 12, 2025, 12:13:08 PM

Well, the opportunity was missed. Can we still make this much gain in the upcoming 16 years? What do you guys think?

Since it is not a one time opportunity profits can still be made out of your investment, we only get to stick to the strategies. The experience now teaches you enough on how to process your investment, missing Bitcoin at $3K was a lucky chance most really wanted to meet and spoon on. Sixteen years (16) years from now is a different three cycles put together, what we should be expecting to actualize in this time frame is something above an ATH of $500K, we still don't know what our current ATH will be for current cycle but if it gets to $200K then precisely will might approach triple of our ATH in the 16 years interval, i must say it is conveniently enough profits within the time gap.

Yeah like I have always said, no time is too late to buy bitcoin and the most important thing is the cash flow to buy bitcoin with, take ops example when he and his cousin met bitcoin was around $5000 and considered cheap yet they did not have enough cash flow to buy at that time, so to them at that time, bitcoin is very expensive.

But now some guys can at least hold a portion of bitcoin comfortably for a long time, because times have changed and they now have higher income compared to when they met Bitcoin, so for them, bitcoin is cheap right now, just position yourself to take advantage of the chances.

Callido

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Quote from: Faisal2202 on January 12, 2025, 12:13:08 PM

Well, the opportunity was missed. Can we still make this much gain in the upcoming 16 years? What do you guys think?

Since it is not a one time opportunity profits can still be made out of your investment, we only get to stick to the strategies. The experience now teaches you enough on how to process your investment, missing Bitcoin at $3K was a lucky chance most really wanted to meet and spoon on. Sixteen years (16) years from now is a different three cycles put together, what we should be expecting to actualize in this time frame is something above an ATH of $500K, we still don't know what our current ATH will be for current cycle but if it gets to $200K then precisely will might approach triple of our ATH in the 16 years interval, i must say it is conveniently enough profits within the time gap.

Smartprofit

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I am sure that in the next 16 years, the price of Bitcoin will grow at least 10 times. Moreover, this is a very conservative forecast.

Bitcoin's capitalization has already exceeded the capitalization of silver. At the same time, we know that Bitcoin is called digital gold. When Bitcoin's capitalization equals the capitalization of gold, its price will be higher than 500 thousand US dollars.

At one time, Satoshi Nakamoto said that in the future there will be either a lot of Bitcoin transactions, or none. And 16 years ago, the founder of Bitcoin did not know which of the two scenarios would come true.

However, now we know that Bitcoin has become a digital asset that is of great importance for all of Humanity.

Faisal2202

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The very first P2P transaction was made on 12 January 2009 when Satoshi Nakamoto sent 10 BTC to Hal Finney.

Quote

One of the first supporters, adopters, contributors to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (block 170).

Source

16 years ago today, that transaction might have been worth nothing in value, and today it is valued at $950K. BTC has achieved a lot and outperformed the expectations of many. Even Satoshi might not have predicted it. I first came to know about BTC in 2018 and it was somewhere between $3k and $5k, it was very cheap I planned to buy it with my cousin by borrowing money but I suggested investing in anything by taking a loan can be very risky, plus we both were unemployed so we did not take the risk, and now we both regret it. Well, the opportunity was missed. Can we still make this much gain in the upcoming 16 years? What do you guys think?

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