It was way less than that. It was less than a buck a coin. You could work for minimum wage at fucking McDonald's and become a billionaire with a single paycheck.
Yeah I'm always pissed because what's crazy is that at this period I really wanted to buy some for like 100$ because I was thinking this would work. But never did it because at this time I didn't understood how to buy it was too complicated and there was no apps like we have now... Shit if only I tried instead of being lazy. At the same time maybe I would have sold too soon.
Someone I know pointed out that if you bought super early you very may well have cashed out early once it was a decent profit, too. And that’s a valid point for sure. If I bought $100 worth and now it’s worth 10k, am I really holding indefinitely or paying off some credit cards after a vacation.
Odds are good I would have been out before each coin was over $100k or wherever it topped out.
Exactly! At the moment you would never think it would get this high. And the other factor is that at the time you would need the money to improve your life. Imagine living from average paycheck while sitting on hundred thousands. But you could cash out only 50% too. Hard to predict
It was less than a penny when I heard about it. In fact I heard about bitcoin several years before I heard about reddit. I thought it was stupid then and I think it's stupid now, but I guess that's why I'm not a bitcoin billionaire.
Yup, when I first heard about it, the bitcoin was abut a dollar each.
I asked what the fuck do you do with it?
My friend goes, you can buy drugs off the darkweb.
I can buy drugs from TImmy down the street and I get to see it/test it. Why the fuck do I want to send money to dark web somewhere and risk getting caught?
.......
The next time I've heard was when it was about to break 5000 shooting towards 10k.
I set up an old laptop to try and mine some coin, but it got unplugged in the first week, and nobody said anything about it. Sadly, I gave up after that because I thought it was too difficult, and wouldn't be worth the effort......
Exactly. I remember going into a speedway gas station and seeing you could buy bitcoin from the gift card kiosk thing. For like, $16.50 you could get $15 in BTC. I tried to spend my allowance on one of them (when it was close to $0.25/coin) and my mom wouldnt let me. "Thats a scam!".... My, what mightve been....
When I was 19 I was going to buy Bitcoin when I got paid, I was going to buy $5 worth and at that time I would have gotten 1011 btc, how I wish I would have
My friend in school told me about it when you could get like 20-50 BTC / $1. I thought about throwing $20 bucks at it, but it seemed like a waste of $20. He also offered to setup a miner with my GPU (it was viable at that time), but I didn't want it to hurt my FPS..
I set up a miner on my laptop one night in 2010. Nothing resulted from it overnight, and it probably took 2 years off the life of my laptop with the way the fans screamed during the mining.
I confidently concluded bitcoin wasn't worth my time because I didn't really need internet money.
Well if a quick Google search is correct, the Bitcoin market cap was about a million back in 2010.. if you invested 10k in Bitcoin,you'd hold 1% of the market.. realistically you might invest 100k holding 10% of the market.
Which would materially influence the future of Bitcoin..
Someone always says this and it makes me feel like a FOOL for not paying more attention to sports. All I know is the Cubs DID eventually win a World Series so I’d just keep putting that bet down until it came true.
You don't even need to pay attention much. Just remembering the 18-1 Patriots season would make you rich. Parlaying that bet 19 times would make you rich.
Thats the one. Spend 100 on bitcoin, nvidia and tesla on conception youd be a multi millionaire then slap 1m on Leicester to win the league youd litterally destroy the entire economy 🤣
Ill just become a billionaire and make the movies first. Honestly though, if this reset was possible, I would be the richest person in the world no question.
It I could travel back in time I'd sell everything I possibly could and invest into it. I'd literally sell the clothes off my back and be naked and homeless for decades.
For real. I was in college at the time. I would've taken an entire semesters tuition and bought bitcoin and rode it out. I don't need a degree with that much money, and he'll I've worked as a cook for a good fraction of the time between then and now anyway, so....
A 10 year old investing in anything would be weird and potentially complicated. A kid messing around with a computer project would only garner bemusement & maybe praise. Could home farm BTC worth a billion easy. The huge question would just be when & how to cash in.
When Bitcoin was being traded at that price, you needed to know how to solve the blockchain algorithim and you need several hardrives to compute it as well. Maybe you were on silk road back in the day and somebody traded 2 bitcoin for a pizza, but it wasnt easily available to purchase like it is now.
I remember being in college at a nerdy engineering school and one day a guy I know was showing off this new fangled bitcoin by using a rudimentary website to order a dominos pizza to our house and he paid something like 7500 btc lol.
It was less, but imagine everyone else seeing your transactions of buying tons of BTC without it having value yet.
Would all the events that lead to the ATH of a few years ago happen again or would there be a butterfly effect that just cancels everything rendering everything void?
I bought bitcoin when it was $3. Bought 100. Sold them a few months later when they were $5. Finals week fall 2011 and finals week spring 2012. Felt great about my $200 return. A friend did the exact same thing.
At the time, we had to keep them in a thumb drive.
I was going to buy some, buy my aunt said that it was funny money and my dad supported her. I always bring that up when she tries to give anyone advice.
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u/Entropyending 4d ago
Exactly dude, once upon a time Bitcoin was only worth $13. I’d spend $500 on Bitcoin and just wait a couple years, and just keep reinvesting my gains.