Topic: If you would be able to get back in early 2009, what would you do? (Read 3510 times)

hm..I would order some pizza and play Call of Duty: Modern Warfare 2 and Borderlands instead of mining. I know myself:(

I would just collect, buy, and mine all the bitcoins. Then wait for a couple years *Boom* instant millionaire.

You guys would have been much better off mining since it wasn't even possible to actually buy bitcoins in 2009. Any PC would have been fine for mining back then. Even an old Pentium 4 would have generated you thousands of bitcoins since the difficulty barely moved beyond 1 throughout the entire year. The first Bitcoin exchange didn't open until early 2010 and even then, it was just a single guy mining with his home PC and doing trades over email. Mt. Gox didn't start operating until July 2010.


Yup. This thread provides a pretty interesting insight into how different things were back then:

https://bitcointalksearch.org/topic/the-first-miners-99265

Pretty sure anyone could just mine on computers/laptops and stll make a killing with todays price even if you had to stand by with a fire hose.

Details, how, with what, where?

Make sure u describe stuff u had access to at that time.

I would have mined the shit out of it and spend every extra penny I had on buying more.
Then when it hit $1200 I would sell a portion of it.
Then buy it all back now 

well i would mine bitcoin so that i would be rich 

Yup. That's True. I would have done the same. Would buy maximum number of bitcoins and just forget about it for the time being and wait for the best time to come. And once the prices are at peak would sell all my bitcoins and enjoy the profit and again wait for the right time to invest.

well, if i don't want to be so greedy and be reasonable, i think i would have bought a nice miner like what one of my friends did back then, and start mining. then i would sell all my coins at the highest price and then buy back in at the lowest price and enjoy the profit!

none  of your friends and family would have believed you... investing huge amount of money into something that wasn't even 100% guaranteed to succeed at that time... unless you brought something from the future to show as a proof... but then you would have broken the laws of physics by transferring matter through time and space...

I would buy more Bitcoin as much as possible. In that case, I would sell all of my property. 

Yes, most of us focused on BTC price jumps and completely disregarded that $50 LTC jump. I had about 500 LTC at that point. Should ve sold, oh yes, I should ve sold. But, I was too greedy and failed to recognize an opportunity.

Obviously I'd do what everyone else has pretty much said; I'd mine/invest in Bitcoin while the price is still pennies or less. Mt. Gox didn't exist until mid-2010 and before then, it was difficult to buy BTC since the only exchanges that existed were small and often manually operated.

The difficulty stayed pretty much constant throughout 2009 so there wouldn't be any point in buying a state of the art mining rig. Instead, I'd probably just buy a mid-range PC with a nice-ish CPU and use that to mine bitcoins along with Satoshi and Hal Finney.

Then I'd wait until the June 2011 peak and sell a small portion of my stash (maybe $100,000 worth of BTC) to keep me alive until the November 2013 peak. Once that happens, I would sell half my stash and keep the other half in BTC. I'd use the money to buy a house and retire.

Also, it might be a better idea to go back to 2012 or 2013 than 2009. It was still possible to make great riches as late as 2013. The BTC price didn't move much in 2009 and the market was still tiny in 2010. You would still have needed to wait until 2011 at the earliest to be able to sell your coins and still call yourself even moderately well-off. And during these two years, you would have still needed to work to support yourself. So instead of going back to 2009, you could go back to January 2013 and buy a single bitcoin for $13, wait ten months, invest it into the NXT IPO in November, wait seven more months, and then you would be worth $5 million. Selling that much NXT in one go would probably crash the price but you would still be able to make a couple million at least.

Either that or litecoins. They were 7 cents at the time I believe. Lots of millions to be had there too and at least you won't be flipping burgers for 2-4 years while waiting for your riches to finally materialize.

I would still not invest in bitcoins as the currency has seen huge ups like $1200 and even $200. If I would earn small bits of bitcoins in 2009 and would notice it is worth nothing in 2009, I would store it and forget about it. And then if I would know that the price has reached $1000+, I would sell it and buy a new house if the amount is enough.

I would have bought all the BTC I could buy and keep it in my wallet untill the 1k mark came, sold it and buy an apartment in new york. If only 

Well I didn't know about Bitcoin in 2009...and I was still a teenager..so I highly doubt if I was able to go back in time I might do anything properly..no matter what I say now...as a teenager there are a lot of things that will still kind of distract me away from my goals.

Good for you. I guess now you have more time to focus on making money in crypto world.
Stil, I think your answer s one of the best so far.

That is awfull nice, but I can imagine a lot of situations that are worse and more giveaway worthy than mine, looking back I did very well and have not much to complain, the money is a pain in the ass, but nothing more than that, it is affordable and am happy now

What about opening pizza place and selling pizzas for BTC. At the price that guy paid for a pizza, you would be a gazilionaire by now.

It wasn't 25k, it was 10k