Topic: What could $100 buy back in 2010? (Read 370 times)

Yes in 2010 bitcoin is not popular, at that time there's no news about bitcoin and if someone told me to buy bitcoin with 100$ at that time of course I Will not buy it. In 2010, in my country you can use 100$ to meet your daily need for one month. if we know the potential of bitcoin In the past, now we must have become rich.

This is the time for a time machine. If I went back in time, I would spend my savings into buying bitcoin. But unfortunately, people did not know that bitcoin price would have had a big pump, not to mention that in eight years, bitcoin really showed us the unexpected. I really would love to have at least one bitcoin in my wallet right now. For now, I hope the price will increase so I can have a good profit. Until that time comes, I will be patient and positive toward bitcoin.

I finished high school in 2010 and even if I have $100 then like majority I know nothing about cryptocurrency. Well, I believe I'm still early enough anyway because adoption globally is still less than 10%.

Throughout the year of 2010, the cryptocurrency market was friendly enough that the coins were mostly green and there was the least panic of loss. You can buy good sound systems that year with just this worth of money.   

The frustration with me is simply not knowing that such an opportunity was there.

Backing the time only gives us frustrations why we not did buy bitcoin the very moment we heard or learnt about this,thats why lets not reminisce instead live on whats the market bringing us.

And i am sure that if we turn back the time you will never spend your $100 just to buy bitcoin since this is not popular wayback

It truly is amazing. An airdrop coin that I'm getting right now, that's not even yet on coinmarket cap, is worth more today than Bitcoin in 2010. And that gives me an insane perspective of just how cheap it was back then.

bitcoin price at that time is still about $ 1, meaning you can buy 100 bitcoin. now the bitcoin price is around $ 6500, that means your money has increased to $ 650k.

How can you regret something that you couldn't do anything about?

It's like saying if I was born earlier then I would be a millionaire because of this or that event. It makes zero sense.

I bought my first coins back in the days when they were under $25 a pop. Do I regret not having kept them? No, because I was a complete noob only looking to benefit from this volatile market, and it only worked against me. Buying high selling low and later on shitcoin investments wiped out nearly my entire holdings at that time. I'm glad I realized that what I did was wrong and started to improve where needed.

You can only blame yourself when you know that Bitcoin has the potential to increase significantly and even change the world, but don't actually act based on that understanding. That's when you can regret your poor decision and acknowledge how you missed out.

Indeed, its happen because purchasing power on dollar decreasing. Inflation always the main factor why our assets decrease the value. Cryptocurrency hopely a new system and can maintain our assets from inflation

A mere 8 years ago BTC was that cheap! Damnit! I could've bought BTC 8 years ago with the 100 dollar Christmas gift grandma gave me and be rich today! That just really hurts. It just shows that we should really watch out for new things. I just hope i get another wind of things. Outside of that, inflation sucks!i mean back in 2010, i could've gone to like 4 amazing dates with that
 

Doesn't matter. Obviously as the time will pass demand and population will increase lot day by day and thats the truth for it. This will also increase the prices of cost of living and thus it is what we are seeing in your chart and the other chart which is published by fellow user. So anything that you buy today will get you some profits or ROI after few years. For example, whether it is property, home, crypto currencies or IPO itself then you can always expect some great returns afterwards. This is the time, demand and supply stuff if we see it through the perspective of investors.

The reason dollar value decreasing is inflation. Government always want more growth on their economy and thats why central banks always print money. Its not healthy system and it always creating economy crisis because supply controlled by central banks.
Bitcoin bring different idea and different system, bitcoin is new monetary system because creating transparancy on system and transaction

Ugh inflation really sucks. But what sucks more is that I've never heard of crypto currencies let alot Bitcoin until last year. If I've heard of it, i would've uo and bought alot of shares and just sitback and relax as i watch everyone else grind for a living. These are the regrets that we have so let's learn from.it.

I just looked up Laszlo Hanyecz to see how many Bitcoin he has. Such a famous story yet I had no idea he died, and basically couldn't move. Sad.

Times have change and that $100 is coins nowadays considering that commodities are getting expensive day by day. But if have invested that on cryptocurrency particularly on bitcoin then you are now crypto millionaire. If only we could tell what the future will be.

Let's all move on what happened in the past cannot bring back again here, also I am sure that those who invested before with cheap price of btc already sold their holding long time before, so all in all many of us regretted this experienced and let's move on.

Well if we would back the years for sure you wont use your $100 to buy bitcoin right?because who knows that it would go this far that this can make you richer than what you have now.

I would prefer to buy stocks that day because it ismore legit than crypto wayback

A hundreds dollars could have gotten you 25,000  Something heart breaking about that. Truly incredible.

yes sadly that is true, the price of bitcoin when it started is way too expensive today, imagine getting a pizza with 10k bitcoin, im sure he is scratching his head right now, that is why it is important to hodl or invest in longer term than selling it on a daily basis, being a panic seller today will only make you like the pizza guy story, especially today, we are not talking about a pizza- worth asset, we are talking millions today, be patient to hodl and do not give in to panic selling.

In 2010, for $ 100, I could live confidently for several weeks, and today there is not enough for one either Maybe the needs have grown but it's more likely that in my country the economy fell below the bottom ...

I like the affordable, high variation, system of produce some chinatowns utilize as described by WSJ.


I don't know whether bitcoin will ever truly "scale".

Would not mind if china town's affordable health food markets scaled up in production which could have a long term effect of reducing average supermarket prices as a result. The widespread practice of supermarkets shipping fruits and vegetables from foreign countries over a great distance could be in need of a reversal.

Also would not mind if someone started a fastfood franchise similar to mcdonalds or burger king which catered to vegan health food. Its kind of annoying how starbucks and other fast food chains which promote extremely unhealthy food are very popular. To an extent healthcare is broken due to it being unaffordable. But there is another aspect of healthcare's inaffordability which is driven by bad diets and unhealthy food being consumed to a high degree on average.

Inflation encourages people to develop?Really?Don`t make me laugh.So if the inflation is negative,the technology progress will stop? Inflation creates only more poverty and inequality,the rich elite wants more inflation,thats why the elite takes control over the central banks and forces the bankers to turn on the money printing machine.

Looking from which side to look at inflation: On the one hand, it depreciates part of the money, but on the other hand, inflation is the engine of progress and encourages people to develop, not to eternal sleep. Therefore, there are pluses and minuses.

It depends on the country. Inflation of course is everywhere, but it is different. In some countries for $ 100 you can live a month, and in others to eat at a restaurant.

Who knows that bitcoin will become more valuable after 8years? So basically we cannot blame those people who buy and sold bitcoin way back in 2010. The adoption of people in bitcoin is quiet high last year and it makes the price more valuable right now, bitcoin can become more successful in the future let's believe on this.

I definitely don't blame him, it was a way to prove that Bitcoin had a future as a viable currency. Although I guess (at least half) the credit for that should go to the pizza parlour for accepting it. Presumably they're using solid gold pepper grinders in there now.

Cannot blame Laszlo for what he did when he buy pizza. That is a perfect example why Bitcoin and cryptocurrencies are unpredictable and only be noticed in a long term kind of investment.

It's not really misleading, as the figures are accurate (to the best of my knowledge), and there was no attempt to imply that $100 could buy considerably less now. It just doesn't necessarily paint the full picture, especially as it doesn't take into account any wage inflation (even though personally I am still earning pretty much the same as I was back then, and have moved up in position).


I get what you're saying, even though there is a slight difference. 7 years is not long enough to really impact on the spending power of $100, these are the 2017 figures for comparison, and the differences are by and large negligible.

50 loaves of Sara Lee White Bread
or
128 lbs of Russet potatoes
or
32 gallons of milk from Prairie Farms
or
22 lbs of Hormel bacon
or
147 dozen eggs
or
312 cans of Coke
or
100 Scott toilet rolls
or
63 tins of Campbells Cream of Chicken Soup
or
33 large boxes of Kellogg's Cornflakes
or
33 Jack's Pepperoni Pizzas
or
20 lbs of Ground Beef
or
41 Gallons of Gas


I suppose this was really what I was getting at, $100 would now only get you 0.013 Bitcoin. An extra 5 gallons of gas isn't going to get me too far, whereas 25,000 odd Bitcoin would be much appreciated.

To be honest, it was only a bit of fun. I wasted a lot of money in my twenties (and most of my thirties), so I guess I was just aiming a sharp kick at my own balls. Living in the Middle East for the past 9 years has given me a different perspective anyway. Here a pint of beer normally costs around $11, a pack of cigarettes just over $5, and I can fill my tank for less than $25.


Hahaha, spoilsports. Mine was a bag of 'weigh your own' pick and mix sweets - 'How much have you got in there?', '$0.50', and then walk away with an overflowing bag that would last me the week. I would say I'm not proud of it, but it was about 30 years ago and I still remember.

Talking about sh*ts and giggles, I used to go to the Mall with $100 back in the day. I then went to the Music shop and got myself 15 x Music DVDs and then to the "Sweets" shop and got myself a bag of Wine Gums and 5 bars or chocolates and then to the "Gaming" shop to get me 5 video games and 5 x Gaming themed T-shirts and a cap.

The rest was spend on food and drinks at the fast food places and some arcade gaming and a Movie in the Cinema.

You cannot get all that for $100 today, because there are CCTV everywhere. 

These statistics simply shows that inflation has eaten the fabric of all societies, from falling economic indexes to fallen GDP to high standard of living. Obviously, the life and times of 2010 can't be compared to what is obtainable to this present times.

I've seen economic infographics which attempt to illustrate cost of living price inflation versus wage growth. Here are a few for your viewing pleasure.



...



I'm not certain these graphics 100% put circumstances in perpsective.

Its worth mentioning that with food price inflation water scarcity and resulting elevated cost of water heavily factors into higher cost of meat production. To some degree climate change and deforestation factor into higher cost of food and beverages--rather than pure financial considerations which can skew statistics to a degree.

$100 in 2010 could have bought about 8 shares of Domino's Pizza stock.  Today that same $100 would buy only 0.4 shares.  Does that say anything at all about the USD?  Not really.  And I don't think the comparison to how much bitcoin $100 would buy says anything about it, either--so that entire list of goods you could buy with 2010 dollars is a red herring. 

It's bitcoin which has exploded in value, not inflation that's eaten away at how much bitcoin you could buy--and you could still buy the same amount of most of those goods with $100 today.  I don't like this kind of misleading data.

Using this Cost of Living website, here's what you could have bought with $100 back in 2010.

40 loaves of Sara Lee White Bread (enough for more than 600 slices of toast)
or
192 lbs of Russet potatoes (approximately 580 large portions of fries from McDonalds)
or
35 gallons of milk from Prairie Farms (Ben & Jerry's could rustle up 3 gallons of ice cream for you)
or
31 lbs of Hormel bacon (over 600 generous thick cut bacon sandwiches if you wanted to use some of that Sara Lee bread)
or
73 dozen eggs (that's one boiled egg a day for 876 days)
or
343 cans of Coke (3773 grams of sugar would be enough for 150 days of the recommended daily limit for women, or 100 days for men)
or
100 Scott toilet rolls (depending on your dietary habits, these should keep your bathroom visits sorted for over a year)
or
48 tins of Campbells Cream of Chicken Soup (these'll get you through a winter season's worth of cold weather)
or
33 large boxes of Kellogg's Cornflakes (that's a bowl of Cornflakes every day for 594 days)
or
34 Jack's Pepperoni Pizzas (that's Monday Night Football snacks sorted for a few months)
or
26 lbs of Ground Beef (invite the neighbours over and get the BBQ going for the 83 burgers you're going to be cooking)
or
36 Gallons of Gas (that would get your Mini Cooper from Vancouver down to Tijuana for an epic road trip - don't forget your passport)

And just for sh*ts and giggles, 2010 was the year of the Bitcoin pizza, when Laszlo Hanyecz bought two pizzas in Jacksonville, Florida for 10,000 Bitcoin on 22nd May.

If you had decided to buy Bitcoin with your $100, you would have been able to buy around 25,000 of them, worth almost $187 million today.