First-Ever Bitcoin P2P Transaction Happens Today - page 2.

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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.

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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).

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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.

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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?

Topic: First-Ever Bitcoin P2P Transaction Happens Today - page 2. (Read 374 times)