This can only happen if you are 100% sure that one Bitcoin would survive, flourish and become very valuable...even much higher than gold. Unless you have that power to predict the future or maybe has a very effective crystal ball that can see the future, it would be impossible for you to do something like what you are proposing. And that is precisely what happened...nobody would have used his BTC to buy those famous pizzas if someone was then whispering him what can the future of BTC. And of course, early holders of BTC would not have sold their BTC at so low prices if there was someone who told them that BTC can be worth $40K each today. We can only imagine what can be...but in reality a scenario like this is humanly impossible.
Topic: If you spent $500-$1000 on bitcoin in 2009-2010 (Read 444 times)
This can only happen if you are 100% sure that one Bitcoin would survive, flourish and become very valuable...even much higher than gold. Unless you have that power to predict the future or maybe has a very effective crystal ball that can see the future, it would be impossible for you to do something like what you are proposing. And that is precisely what happened...nobody would have used his BTC to buy those famous pizzas if someone was then whispering him what can the future of BTC. And of course, early holders of BTC would not have sold their BTC at so low prices if there was someone who told them that BTC can be worth $40K each today. We can only imagine what can be...but in reality a scenario like this is humanly impossible.
Why won't they mine it anymore when they know that there is a person who is interested on acquiring it? And maybe some of them will try to increase the selling value of BTC because the demand of it is too strong. So tell me, will you still buy it? BTC is not hard to mine in the past, so BTC miners can always profit. You should rather say that investors will be afraid of buying it because it might only get dumped by you.
Well, I doubt it either because why will they continue supporting BTC when they are also aware that Satoshi Nakamoto owns a lot of BTC and there is also a possibility that he will sold all his BTC's? BTW, your thread is cool as it has a plot twist. I really thought we will be a millionaire if we start with that but it turns out the opposite is what can happen
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Well, I doubt it either because why will they continue supporting BTC when they are also aware that Satoshi Nakamoto owns a lot of BTC and there is also a possibility that he will sold all his BTC's? BTW, your thread is cool as it has a plot twist. I really thought we will be a millionaire if we start with that but it turns out the opposite is what can happen
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It's easy to imagine. But when you are in that era, I'm not sure you will do it 
Most people will not want to risk buying bitcoin while they don't know what the future holds for it. But when there is a fair price, meaning when people see the price of bitcoin rising slowly and they can predict what the future of bitcoin will be, they will start buying bitcoin. People will become interested in something when they see the benefits they can gain. Otherwise, they will ignore it until they can see its benefits.
Don't regret what has happened. It's best to immediately start investing in bitcoin if you are increasingly confident in bitcoin. Don't be late again this time because bitcoin can rise very high beyond people's expectations.
Most people will not want to risk buying bitcoin while they don't know what the future holds for it. But when there is a fair price, meaning when people see the price of bitcoin rising slowly and they can predict what the future of bitcoin will be, they will start buying bitcoin. People will become interested in something when they see the benefits they can gain. Otherwise, they will ignore it until they can see its benefits.
Don't regret what has happened. It's best to immediately start investing in bitcoin if you are increasingly confident in bitcoin. Don't be late again this time because bitcoin can rise very high beyond people's expectations.
I wonder why this topic only got its first response, and got discussed eventually, 6 years later. LOL!
Anyway, this is pure imagination. Not a slight chance that something like this happens in reality. In the first place, why would somebody do that? Also, if every single Bitcoin offered to the market is snatched up immediately, then the succeeding sales must have already a higher price tag, and the single person doing the buying needs a huge amount of money to get everything. When there's such a demand and a high price, instead of being discouraged, miners would even increase their capacity.
Anyway, this is pure imagination. Not a slight chance that something like this happens in reality. In the first place, why would somebody do that? Also, if every single Bitcoin offered to the market is snatched up immediately, then the succeeding sales must have already a higher price tag, and the single person doing the buying needs a huge amount of money to get everything. When there's such a demand and a high price, instead of being discouraged, miners would even increase their capacity.
The years 2009 and 2010 were early days for Bitcoin and at that time very few people had the courage to invest $500 to $1000 in Bitcoin. Then if any investor has invested 500 to 1000 dollars in this coin, still he has not kept his investment until now but he has sold his investment long ago at some profit. In fact, we do not have much use in thinking about these things and even calculating the profit and loss in these matters will not be of much use to us. We should try to make use of the opportunities that we have now without regretting that the opportunities are gone for us.
Just like many investors now think that $43 thousand is too much to invest, the price of Bitcoin in 2009 was the highest level that investors thought was the highest, but now they regret it. So now $43K seems to be the maximum but ten years later we may have to regret why we didn't invest ten years ago why we didn't invest ten thousand dollars or $20K 10 years ago. We should learn from past mistakes and apply them now.
Just like many investors now think that $43 thousand is too much to invest, the price of Bitcoin in 2009 was the highest level that investors thought was the highest, but now they regret it. So now $43K seems to be the maximum but ten years later we may have to regret why we didn't invest ten years ago why we didn't invest ten thousand dollars or $20K 10 years ago. We should learn from past mistakes and apply them now.
This can only happen if you are 100% sure that one Bitcoin would survive, flourish and become very valuable...even much higher than gold. Unless you have that power to predict the future or maybe has a very effective crystal ball that can see the future, it would be impossible for you to do something like what you are proposing. And that is precisely what happened...nobody would have used his BTC to buy those famous pizzas if someone was then whispering him what can the future of BTC. And of course, early holders of BTC would not have sold their BTC at so low prices if there was someone who told them that BTC can be worth $40K each today. We can only imagine what can be...but in reality a scenario like this is humanly impossible.
haha seriously dear, it is the kind of thing that sometimes reflects on my mind if I had bought at the price when it was trading at 0.10 cents I would be the millionaire of the current time well what can we do if something is not in our luck we can not get it on the other hand, I would like to say that everything comes to our life at its perfect it means everything has the perfect time when it comes to our life.
One more thing I used to think is that what was the actual reason I did not buy Bitcoin at that time was that Bitcoin had less popularity in 2010 very rare people knew about it. well, those who believed in Bitcoin and bought it at that time and hold it till now are very lucky people because they are going to earn a very big amount in the coming bull run. In this bull run bitcoin has achieved so many things win many more investors trust and I hope in this bull season bitcoin will surpass the gold market cap which will be its another achievement.
dear, it is the kind of thing that sometimes reflects on my mind if I had bought at the price when it was trading at 0.10 cents I would be the millionaire of the current time well what can we do if something is not in our luck we can not get it on the other hand, I would like to say that everything comes to our life at its perfect it means everything has the perfect time when it comes to our life. One more thing I used to think is that what was the actual reason I did not buy Bitcoin at that time was that Bitcoin had less popularity in 2010 very rare people knew about it. well, those who believed in Bitcoin and bought it at that time and hold it till now are very lucky people because they are going to earn a very big amount in the coming bull run. In this bull run bitcoin has achieved so many things win many more investors trust and I hope in this bull season bitcoin will surpass the gold market cap which will be its another achievement.
If I had $200 worth of bitcoins between 2009 and 2010. So now I'm almost. I would own a thousand dollars. In that case, I would have invested 1000 dollars for 7-800 times. Then I would be a millionaire now.
bitcoin was, at first market in 2010 about $0.10
so if you invested $200 you would have 2000coins = >$85m now
so if you invested $500 you would have 5000coins = >$212m now
so if you invested $1000 you would have 10,000coins = >$425m now
We always make speculations and try to assume things in the past. One thing is for sure that it can't be changed and there's no rewind but it does makes sense if a big entity does have that money and tried to buy most of these bitcoins earlier. But most of the new things in the past won't make people pull out their pockets easily. Realizing on what Bitcoin gone through all of these years is just amazing to think of. All of these situational posts and threads that have been made, I know that we have to embrace the reality and all of these threads are just for the sake of discussions but we just move on and look at the current side of it.
The purpose of these topics is for discussion but after discussion what benefit will it bring us? I don't understand why people like to live in illusion, dreaming about things that cannot be changed and cannot happen? Why doesn't OP ask what will happen if he invests $1000 in bitcoin now and what will happen in 10 years? Wouldn't that be more interesting and more realistic?
Bull season is approaching, bitcoin is becoming increasingly scarce because of increasing demand. Many people are focusing on accumulating bitcoin while many are still here regretting the past and doing nothing to correct that mistake. This is a waste of time.
When someone cannot accept reality, they prefer to fantasize about the consequences of a regret that they have not faced and move on. This is ridiculous, but this is what happens to some people and we have to accept it.
Bitcoin still has a high chance of continuing to grow, especially when it comes to prices. Moreover, we will face the halving and the acceptance of a bitcoin ETF this year. I am sure Bitcoin will be able to rise even higher in the halving circle this time (the bull run session has arrived)
We always make speculations and try to assume things in the past. One thing is for sure that it can't be changed and there's no rewind but it does makes sense if a big entity does have that money and tried to buy most of these bitcoins earlier. But most of the new things in the past won't make people pull out their pockets easily. Realizing on what Bitcoin gone through all of these years is just amazing to think of. All of these situational posts and threads that have been made, I know that we have to embrace the reality and all of these threads are just for the sake of discussions but we just move on and look at the current side of it.
The purpose of these topics is for discussion but after discussion what benefit will it bring us? I don't understand why people like to live in illusion, dreaming about things that cannot be changed and cannot happen? Why doesn't OP ask what will happen if he invests $1000 in bitcoin now and what will happen in 10 years? Wouldn't that be more interesting and more realistic? Bull season is approaching, bitcoin is becoming increasingly scarce because of increasing demand. Many people are focusing on accumulating bitcoin while many are still here regretting the past and doing nothing to correct that mistake. This is a waste of time.
And don't forget that the total Bitcoins that have been mined is now 19.6M where the total supply limit is 21M. 
Then when Laszlo did the pizza deal, you would've bought him a lot of pizzas, then when SmokeTooMuch tried to sell 10,000 for $50 and another guy tried to sell 22,000 bitcoins for like $70-$80 you would've bought that... basically every time it came available. You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins...
We're only wiser on hindsight. You painted that picture because we know what Bitcoin has become today in value. Turn the table the other way round, we would be saying that those who sold then were the wise ones and those who held until it became worthless weren't smart. Truth is that there aren't many who bought Bitcoin then who are still hodling till date. It's the same way many of us are throwing away our generational wealth today over a few dollars in profit by selling strong fundamental and utility altcoins now. I hope many won't regret it when the time comes.
Listen it was worthless back then. Nobody expected for bitcoin to explode like it did. It’s the same with Ethereum back in 2014. I think they had an ICO and it was like less than $1 per ETH. And a few years later in 2017 it went to $1400. So it would of been a super fast investment buying at less than $1 an ETH and selling a mere 3 years later for like 2000-3000% profit.
It’s like this with many investment. Look at Tesla when it launched. Look at Nvidia. They all would of made many people millionaires but many all sold way too early. It’s the same with bitcoin and most cryptos in general.
It’s like this with many investment. Look at Tesla when it launched. Look at Nvidia. They all would of made many people millionaires but many all sold way too early. It’s the same with bitcoin and most cryptos in general.
We always make speculations and try to assume things in the past. One thing is for sure that it can't be changed and there's no rewind but it does makes sense if a big entity does have that money and tried to buy most of these bitcoins earlier. But most of the new things in the past won't make people pull out their pockets easily. Realizing on what Bitcoin gone through all of these years is just amazing to think of. All of these situational posts and threads that have been made, I know that we have to embrace the reality and all of these threads are just for the sake of discussions but we just move on and look at the current side of it.
The purpose of these topics is for discussion but after discussion what benefit will it bring us? I don't understand why people like to live in illusion, dreaming about things that cannot be changed and cannot happen? Why doesn't OP ask what will happen if he invests $1000 in bitcoin now and what will happen in 10 years? Wouldn't that be more interesting and more realistic?
Bull season is approaching, bitcoin is becoming increasingly scarce because of increasing demand. Many people are focusing on accumulating bitcoin while many are still here regretting the past and doing nothing to correct that mistake. This is a waste of time.
If I had $200 worth of bitcoins between 2009 and 2010. So now I'm almost. I would own a thousand dollars. In that case, I would have invested 1000 dollars for 7-800 times. Then I would be a millionaire now. So it can't be calculated with laughter because at that time the Bitcoin difference is a lot because the market has changed, the market has become more bullish later. Because currently the price of Bitcoin itself was much higher in 2022 because in 2022 we saw it reached 75 and now it seems to be 42 thousand. Things change over time, of course there's no telling but if I had that many dollars worth of bitcoins back then, I'd definitely be in the millions right now.
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I don't see much point in beating around the bush with such hypothetical scenarios. It has been discussed many times on the forum, the scenario you are suggesting is far from real, because it assumes that you would buy bitcoin at that time and leave them untouched today, when if we look at the history of what really happened is that 99% or more sold them after a short time, some with a profit when it rose a few dollars, others with losses in a downturn and others even did not give much importance to the issue and forgot that they had bitcoin, to remember years later when the price had risen a lot but could not recover them.
If there's a possibility that you would still be hodling after you see your bitcoin get to around 100k USD in value, 1m USD in value or maybe even around 2m USD then it's highly likely that you're a multimillionaire but seeing how that's probably close to impossible because the temptation is just too great not to sell at the given prices, I don't think that anything's going to change when it comes to what you're now, maybe you're still in crypto and you've got a better financial standing but I don't believe someone would be able to resist the temptation of selling at a really high profit percentage.
"If you spent $500-$1000 on bitcoin in 2009-2010?"
You would have either lost your bitcoin because you did not store it safely, did not have backups, lost private keys. You would have lost it because using exchanges as your Bitcoin wallet and lost it to them like Mt. Gox and many exchanges died, closed, scam exited since 2009.
You would have belong to groups of inactive Bitcoin holders with are reflected by two hold waves for age bands: 10y, 7y-10-y.
https://www.lookintobitcoin.com/charts/hodl-waves/
You would have either lost your bitcoin because you did not store it safely, did not have backups, lost private keys. You would have lost it because using exchanges as your Bitcoin wallet and lost it to them like Mt. Gox and many exchanges died, closed, scam exited since 2009.
You would have belong to groups of inactive Bitcoin holders with are reflected by two hold waves for age bands: 10y, 7y-10-y.
https://www.lookintobitcoin.com/charts/hodl-waves/
Well non one thinks of that before as this coin is not yet that valuable. Of course no one would dare cause if someone predicted the future price then his truly a genius for doing this. Imaginr 5million bitcoin, with its current price you wouldnt need a job or business anymore yet you still live with elegance but use the money wisely. How everyone wish to own that 5million btc. Even the highest miner during that time eventually will sell knowing he earns from doing so but never got imagined this could happen to crypto.
Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them. The going rate back in 2009 to January 2010 was $1 for 1400 so let's say you bought every bitcoin besides your own mined and Satoshi's from January 3rd 2009 ( the first mined bitcoin by Satoshi ) to February 2010 and then kept buying for the few months every time someone mined bitcoins you asked if you could buy them. Then when Laszlo did the pizza deal, you would've bought him a lot of pizzas, then when SmokeTooMuch tried to sell 10,000 for $50 and another guy tried to sell 22,000 bitcoins for like $70-$80 you would've bought that... basically every time it came available. You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay
If I assume that this scenario which you have expressed is real and that you have disappeared with 5 million Bitcoin, it will not affect Bitcoin network in any negative way but it can even cause the price to surge high. Another thing which I think is that you would have sold off those Bitcoin when you saw the price surge above $1000, I don't agree that you would have been patient to hold up till today.
Would be in huge profit for sure but I still won't blame them from doing so especially that time. We also have the regrets simply because we already saw how it showed the potential of of it. If you can take back time, what would you do? Take note that it's value before is not as big as with the others. Therefore, they simply disregard the potential this industry is having. A man selling his pizza for a or in exchange of his holdings that has nothing much if a value before. But since by now we saw already its peak price increase based on previous market price milestones. It might be too late for other investors but for me nothing's too late. The price is still below its previous all time high which should create enough validation with things that we could still ride the tide. Sometimes it is not only with one's silly decision, give him the benefit of the doubt that he had a strong reason from doing so. That's his money by that time in the first place and for sure he is one who have learned from it at the present. For now, Wait for the right entry point 'coz right now consolidation and demand are around and there are still tendencies for another price correction which we should be waiting to happen.
The main point of his post is not how to build profit by monopolizing the economy and the supply but to actually see how whales could disrupt a thriving economy such as bitcoin’s in the past. Imagine earning almost a quarter of the total economy to yourself. You’d literally have so much buying power that the whole crypto world will depend upon you not selling a single cent of your held supply otherwise a crash would ensue and you’d kill the industry, especially if you did it in its early days. Now imagine just how much more devastating the effects would be if the sane situation befalls crypto. The implications would be so disastrous every single bag holder here’s gonna have to make a back up application to McDonald’s cause as soon as you sell your position, everyone’s cooked, that is if you can sell your position at all.
Decentralized economies such as bitcoin’s work best when the supply is evenly distributed among its users. Sure we’d get a few whales here and there but it’s not so major that the economy’s gonna be affected for years to come soon as they sell their spot.
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