Bitcoin Forum

I came across Bitcoin in 2009 and started to mine them on my AMD Athlon Pc. But I seen it as abit of fun because I didn't understand the true meaning of money back then and I didn't understand the full potential of the protocol. I think a true explanation on what money is should be taught in school btw. Anyways I mined on and off for awhile but then stopped  because the cost of electricity was playing on my mind. I don't remember how many I had but it was in the hundreds, the pc is long gone now along with the Bitcoins and I just kick myself for not taking the time understand it! I could defo had been one of the very few people with multiple thousands in a wallet.

I just wonder how many people are like me in seen it early on but didn't see where it could have went?

There may be analogous opportunities right now. I think NXT is really promising.

All coins with an algorithm Asic protected as a concept, it can promote the low investment, create a new wave that would lead to bitcoin & altcoin world continue to grow, in some ways.
In the other hand we have the coin's rules

I think the past is the past. The next is the important thing.

Definitely in the same boat, I saw it a long time ago but there wasn't much info about it. I tried a bit of cpu mining but I never got much out of it, a few coins. That wallet is long lost and I sure am kicking myself for not seeing the potential, it was just a fun thing to try at the time. Ah well.

I have sold 0.5 btc on ebay for just 3 dollars.... I want to hit myself really hard  :-\

i was sitting on 64 coins back when they were 36 each, sold during the crash at 20$ each

ouch!
well iv missed the train of bitcoin, & skipped the train of ltc ... tryin to catch up now, smaller alt coins ofc!

I went in when it was 10$ each, took a long break, came back and boom, 10 times more worth. Wish I had bought some when they were cheaper. :(

I can't really say that missing the BTC train was the issue for me - just simply knowing about trains going at all. Also been handicapped with many other real life issues recent years but I have to say it would have really been a lot of fun to be there from the very beginning. And that not only from monetary point of view.

Well it's onto alt coins now and sure it's all far from over.

I remember when bit coin was $13 dollars. If only I wasn't so cheap...

I actually mined like 3 blocks with my CPU back when it first started, but I didn't care enough to hold onto the wallet ;_;
Those coins are probably still there today, just sitting around doing nothing, while I'm here broke :(

Time goes on, new opportunities arise~~~

Everyone reading this post is an early adopter. When I got into bitcoin in 2011, people were posting, "I wish I were an early adopter." Now people call me an early adopter. In 2015, people will tell you they wish they were an early adopter, just like you.

+1

so true lol :)
i don't know if we have the opportunity in the future but lets keep our eyes open

In 2009 I said meh...

in 2010 I said This thing is still around!? Damn..

in 2011 I said It will die any minute now

One day I see it's still alive around 100$ and I tell myself lets buy some but didn't.

Today I see how great it is. I see how of a world changer this thing is.

Doge to the moon !

I forgot how long ago it was but i remember looking at bitcoin when there was a site that would give you a free bitcoin and it was ran on donations. I'm pretty sure bitcoin was worthless back then too.

I dont feel like early adopter, but maybe your right  ;)

After looking at many coins charts I noticed they almost all one thing in common. They have a very low resistance for 2-3 months and then a huge out of scale pump and then everyone jump out the boat and head to their nearest Lamborghini dealer.. An the one that bought just a little to try get to buy a new bus cushion. Oh and those who sold after few week watch the news and cry a lot.

Also this site's choice of forum software and database performance SDMB's.

Hopefully around 2016 we will all be saying 'I'm glad I saw the potential in 2013'..

Past the greed of making money with trading I really honestly hope to be able to use cryptocurrencies as my main banking service one day.

Dont we all... ;D

I agree with you.
I have ~10k of NXT

very nice! nxt is a big risk, just like bitcoin was early on, but i think its the one alt that has serious potential for being a real bitcoin competitor someday. Just cross your fingers and pray that the source code is actually published on jan 3 and that it stands up to peer review.

This is so true ... 2-3 years from now, if you stay in the crypto game you will be one of the grassroots investors in alt-coins.

The barrier to entry to buy most of the coins is huge to the average individual!  For example if you want to buy Quarkcoin you have to first buy Bitcoins (not an easy thing to do) then go to an exchange and buy Quark.  Most people dont have the patience to do that, as well as the know-how.  Ask your parents you want some bitcoin for Christmas and they will have no clue where to start.

And what about the mining?  Took me 2 days to get a small rig setup to mine litecoin with all the hardware & code setup.

This is the beginning...   

you make a very good point. if bitcoin were easy to buy imagine what that would do to the price. well that day is coming. okpay will be bringing bitcoin to 28000 retail shops in the uk in 2014

tazman2150 are you serious you lost highly worth bitcoins like that if yes then really it’s a big tragedy. In last few days I have come across various similar stories who are regretting for the reason that they didn’t took bitcoins seriously and thought it junk at that time. Well I guess people will be regretting in 2020 that they didn’t brought in 2013 at reasonable rates

I absolutely agree that this is the beginning. Many of us are in it to make some quick money but I personally think it's more about waiting and trying to innovate. So far, it looks like we're on the right path and we will have a bright future. Cryptocurrencies will only be expanding through time, so yes I agree that it's only the beginning

It's sad you haven't taken it as serious. But everyone did the same thing. How many coins have you mined using your PC?

There are many peoples that blame their selfs for not participating in BTC mining in the early days.. But with so many opportunities arising each week, you can keep your head up high and pray to be right about another new cryptocurrency you put your money on :]

Thought the exact same thing when i realised the tiny amount i had was still worth £30 now... If only i hadn't given up on it!

Thank that you are here in 2013, when the bitcoin is just entering into big world.

Pretty much everyone too :(
But I'm mining Dogecoins though ;D

what is this NXT?

Some altcoin I think.

I agree, it is really irks me I didn't see the potential way back when. But then again, it's the same with any investment. Many people had a chance to buy into Microsoft when they started up, but didn't. I wish I bought the lottery ticket that won millions the other day, but it disn't seem worth a few dollars at the time 

NXT - NextCoin and it is gaining most importance as it is considered as the descendant of bitcoin by the developers.

This.

Eery year it is the same thing, so you haven't missed the boat!

The value will probably rise 10 times the current one so yeah, no need to worry.

I think $1,000 marks the end of the early adopter phase.  Today most people in the world can afford to buy one bitcoin.  When it's worth millions of dollars, they will be multi-millionaires.

No point crying over not seeing the potential sooner.  Just buy now (5% of your net worth is a good amount), and hold for the long term.  In 10 years you'll either be very rich, or if bitcoin fails, at least you won't have lost much on the experiment.

+1 I'm doing this with NXT. Spend only what you can afford to lose!

I also remember reading about bitcoin the first time from some IT-related forums around 2010. I wish I had spent more time to research the idea and understand it back then. I just remember being confused about people buying graphics card to "mine" some digital coins.

Don't we all, then again, people are regretting not investing in bitcoin earlier this year. Better late than never. I remember hearing about Bitcoins for the first time a few years ago when they were a few cents each.
Oh well, here's to hoping Doge or NXT takes off :)

I dont think Bitcoin success can be repeated with any altcoin. Not many people know about Bitcoin and even less use it, so I believe Bitcoin is still in early stage

Hey..

I could bite my own butt...
I already heared something about bitcoins in 2009, too. First, I thought its like a joke, a proof of concept thing that would never be worth anything.
Then, in 2013 this currency became so popular.. I know someone irl who is now a millionaire because he was such a nerd and started investing in bitcoins early enough.
If there would be a possibility to travel time backwards, I would use it to invest in bitcoins  early enough  :D

Post-Scriptum & Off Topic:
This is actually my second post, this site just began to glitch around a bit after I pressed the "post" button, showing me a database error. My Post , of course, hadn't been posted, but after reposting, it showed me that I already posted something.  >:( dat ddos?

So you still think Bitcoin is useless and you just see the investing potential  ???

The second altcoin to actually be unique from bitcoin (the first being peercoin). NXT is 100% proof of stake, but unlike peercoin a stakeholder cant simply spend his stake to make blocks. Rather block authors are randomly selected from the pool of every single person who owns NXT and the more nxt you own the higher your chances. Sort of a way to think of it like the currency is both how much money you have and ALSO how much mhash/s you have.

This has many advantages. If a wealthy attacker (say a western government) wanted to attack bitcoin than they could contract with intel to build ASIC's that would murder us for a few billion dollars. The only way to to do the same with NXT would be to buy a ton of NXT which would have the opposite effect of what they want, they dont want the price going up. With proof of work hashing efficiency scales logarithmically with investment in infrastructure. In lay-terms that means a person who invests 10billion in mining infrastructure will be able to produce significantly more than 10 times as much hashing power as someone who has invested 1 billion. Also it doesn't waste a huge amount of resources. Also the blocks can come in faster and be larger with out worrying about pressure towards centralization.

Ok thats enough for now i dont want to talk your ear off. But look into it. It's really quite fascinating and, i think, the first altcoin to be truely different from bitcoin without being broken.

I only heard about bitcoins quite recently, but still most people I know have only a vague knowledge of them at most. Still plenty of growth left I think, before it settles as a regular currency.