Bitcoin Forum

For you guys that are now forming Bitcoin OGs, what was your fiath in Bitcoin when you first knew about it.

If you were early to Bitcoin and have bought at $100 or a less price, what was your faith then, do you really believed back then that a day would come when the coin would get to $100k?

For you guys that bought when the price first entered $10k or first stroke $20k , what was your faith then, do you believe it was going to become $100k some day? 
        For Bitcoin to have reached the $100k+ price this year, one someday it will also reach $600k, that is what I believe and I feel convinced because of this season's bull market. I guess some of you must have had such believe far before now. My question is, when did you had such believe and what convinced you ?

I'll just say that I read about it on slashdot in July 2010 and thought it was a cool project from a tech perspective with a reasonable chance of changing the world by providing protection from statist authoritarians.  It really wasn't a question of fiat pricing, but that it was an interesting project from a computer science and engineering perspective initially.

Reading some of the early writings on it (e.g. there was one that was something like "bitcoin is the economic singularity" online around a year after I first read about bitcoin) and thinking about it increased my thought that it could really make a difference and eventually help a lot of people, increasing demand. 

If Bitcoin can reach $100k above when we don't expect, I am sure, whatever price we have in mind, with time, Bitcoin will get there; it is a matter of being patient and trusting the price movement of Bitcoin.

However, it has become a known ideology known by many investors that Bitcoin increases over time. Whatever it is today, in many years to come, you won't find her below  that price range, it has gone much higher in price. That's why long term is advice for every Bitcoin holder.

For me it was a combination of things.  I've had my bank accounts (wrongfully) frozen by the government which took court cases, time, and money to fix.  I've had chargebacks on paypal by scammers that cost me losses in business deals before.  I've been de-banked for no reason.  I've had to make international payments that required weeks to clear or even money orders sent through the mail along with worse things that Bitcoin can help protect against. 

I guess you could say experience.  When I found Bitcoin it was common sense that it would be the next form of currency.  It's a shame it's been crippled by bad actors over the years to be less useful, but I think it's still pretty cool for those who do use it.

I'm not that much of an OG, but I bought bitcoin when it was sub $1k. So I'll answer if that counts.

No, I had little faith. I thought that I'd be super happy if it went up 3 or 4x. I thought to myself that it could be big but considered all the risks like government intervention, hacks and so on. Never even thought it could be worth over $10k at the time of buying, but a bit over a year later it was worth $20k and I haven't sold, so I thought I'd give it a chance. I wasn't greedy, I knew I could wait. When it fell down it was still holding around $5k at the bear market lows, over 5x my entry price, so I just held my "bags" because I was always in profit, bull or bear.

I am not a bitcoin OG but that doesn't make me unqualified to answer the question from experience.
My belief in Bitcoin stems from it being a way to escape poverty and achieve financial freedom faster than the millennials and boomers. No offence to them.
Man, I don't want to be poor or work for 35 years before I can have the money to be free to do what I want, how, and when I want it. Bitcoin shortened this for me.

And that is the faith that I have in bitcoin that made me buy my first bitcoin after seeing how it has transformed the lives of the young people around me in all ramifications. Mind you, I didn't but it when it was less than $10k but when I did buy, it was the best decision I could have made earlier.

Is anyone forming an OG ? perhaps it's a claim that guess who have been here for long will be called the OGs but I haven't seen anyone claim that he/she is a bitcoin OG.

Time I got here fews years now, looking at the price chart, how well bitcoin has performed using it's 4 years cycle, the probably of bitcoin maintaining a high price is still very much high if calculated hence I'm pretty convinced the investment is worth it.

Additionally, bitcoin is some what a paradigm that I think should everyone should be involved with as long as tech and freedom is in continuous look out.

When I was new, I didn't think that the day of $100k would come. To be honest, I was just trying to get some for myself and with my ignorance, I am also converting it quickly when it's dropping.

That is for sure that the day will come for Bitcoin that it's price will reach that number you've mentioned. It's only a matter of time and we're still early if that's the price target of yours. And some others that don't have it yet, they have to start thinking when they will buy or they should DCA as early as now.

A lot of people at that time did believe that bitcoin will continue to rise but even then when bitcoin was around $70,000 I saw people getting uncertain about the $100k mark and did not fully believe it could happen but it did. So now people are more confident throwing out numbers I feel like. No matter how unrealistic it seems today.
The only thing you have to maneuver around is the volatility of bitcoin. But it is only talking short term. Over a longer period of time, bitcoin will always increase in value.

Let's be honest most of them never really believed in Bitcoin. Some bought it because they want to try their luck in the digital financial system, many owned their Bitcoin through mining, earnings, airdrops, bounties, faucet, etc. As they were able to have handful of it since it was very cheap then they left as it seems worthless not until the price went up their believed changed.

At first, they wanted it to be for transaction purposes only, but with time the mindset changed after Bitcoin kept breaking a new ATH. In general, a few Bitcoin OGs by luck and opportunity not because they had faith in Bitcoin then.

Kudos to this forum because it made me fell so much in love with bitcoin and appreciated it more.
I already knew about bitcoin before joining this forum but i knew about it at a very odd season when Ponzi schemes where very rampant in my country and everything that had to do with internet money seemed more like scam which even bitcoin wasn’t excluded but I’m glad I  finally broke out of that conception.

Remember that, no one actually knows the future, and also remember that, bitcoin gained this much popularity because of the result it produced that convinced people and people who bought at the very early stage believed in it before putting down their money into it.

I even can not know what I "believed" back then. Belief is a mess. It is not a pure moment when you go: yep, I believe now. You see the cracks, you sense economic uncertainty, you check the inflation figures and something in your gut tells you this cannot last. If you're wondering if you should sell your car, that whisper will soon become a hum, and then a scream, and you'll realise you're in Bitcointalk with 47 tabs open.

Saw it go to $20K. I felt I was a genius. Then saw it tank. Thought I was an idiot. Then saw it return. Thought... well, maybe I'm not completely insane. That cycle repeats. A lot. Was I "knowing" it would come to $100K? No. But I thought there was nowhere else rational to park confidence. Fiat? dishonest. Real estate? Bloated. Stocks? Overstimulated. At least Bitcoin has rules.

Seeing the world becoming louder and dumber and Bitcoin simply not caring convinced me. It just kept ticking blocks. No marketing budget. No boss. That’s... grounding. What if most HODLers lack even basic knowledge of what they are carrying? Mass adoption could make things worse rather than better since the philosophy dilutes as the cost rises.

Perhaps that's good. Perhaps the goal these days is not purity. And Bitcoin still feels like the only non leaky lifeboat available. Perhaps right now I believe more than I did years ago. Perhaps I'm still not entirely sure what that belief actually means.

With Bitcoin non-custodial wallets secure by you, government and bank can not freeze your wallets. They even don't know those wallets belong to you if you have good practice with your wallets and UTXOs as well as IP addresses.

People who store bitcoin on centralized exchanges can have their bitcoins seized anytime and they must know that storing bitcoins on Centralized Exchanges mean "it's not their private key, it's not their bitcoin.

Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)

I don't have faith when I first knew about it. I just keep trying to accumulate Bitcoin because I can get it by free from faucet. I'd say to myself, "Well, while it is free so I can claimed every day without paying any money and sell it to have money."

That is what I did and yes, I earn first money from Bitcoin at that stage and still accumulating more as the reward still good for me. I don't think that the price will become $100k some day but that is happen before we see Bitcoin price down now.

What I believe from Bitcoin is I can make money from my investment and other ways. We will see the bullish market come although we don't know for sure when that will happen.

I never thought Bitcoin would reach $100k last year Q4. When I knew about Bitcoin around 2020 I was convinced that it will grow pass $100k someday but never knew it could be achievable sooner in 2024 concedaring it's dip in 2023. When Bitcoin fell from last ATH of $69k to $15k around 2023 I never knew that withing the space of 1year plus some months that it could surpass the previous ATH to new ATH of $109k it was a great surprise to me even though I believe in Bitcoin but that was a great surprise. Although Trump speach about making Bitcoin a federal reserve asset was the reason it grew so high.

Actually I was not awear about Bitcoin early enough, but if I was awear I wouldn't have believe that it could reach this far, because most Bitcoin critics will even convince you not to buy a digital asset. Or if I probably bought it maybe I would have sold it earlier before now.

I believe most of us started out coz of the FOMO .. and the hype at that time was something we call viral today.. I am talking about the very early times.
Wasn't of legal age in that era... but most of my connections that were going for Bitcoin were those who were already into stocks and trading... so I think it matched the trend and most of them thought that it was the same genre.

But my faith today.. AS YOU ask for BTC is - the early bird caught the worm!!!

Your questions don't deserve any answer because you used the word 'forming' and I understand what you mean, forming in that language means faking that they bought Bitcoin at a very lower price, correct me if I am wrong.

So why do you want to know their aim before buying Bitcoin at such low price? I've not seen much people coming online saying that they bought Bitcoin at $100 and still hold till take, thanks to the transparency of the blockchain that's how we even know that some whales bought since 2013 and 2014.

Some wallet addresses are not even active since then.

Those old and inactive addresses can belong to either people who lost their bitcoins forever, who already died, or people who are still holding their bitcoin and have access to their bitcoins.

Sparsely we see whale alert notifications about very old Bitcoin addresses wake up and make transactions. We never are sure about old inactive Bitcoin addresses won't wake up in future.

The Bitcoin HODL waves can show you old inactive UTXOs. About 8% of Bitcoin UTXOs are inactive for 7 - 10 years.
https://www.bitcoinmagazinepro.com/charts/hodl-waves/

What happens to lost bitcoin? (https://river.com/learn/what-happens-to-lost-bitcoin/)
Lost Bitcoin: 3.7 million Bitcoin are probably gone forever. (https://decrypt.co/37171/lost-bitcoin-3-7-million-bitcoin-are-probably-gone-forever)

I started last 2017 where the price of 1 BTC was equivalent to around ~$4,000 at that time. I was earning around 0.002 BTC/week as a jr. member in DIMCOIN (https://bitcointalk.org/index.php?topic=1987330.0) where 0.002 BTC was around $4-5 at that time. If you convert those rates now, that 0.002 BTC is equivalent to $169 in today's BTC value.

I have learned lots of things along the way. I have regretted tons of decisions that I made in the past especially when I prematurely withdrew all of my BTCs and converted to fiat at that time. I wasn't able to save any of my BTCs and I wasn't able to take advantage of all the forks that happened in the past.

Now that I know better, my goal currently is to save all of my BTCs that I earned in participating in campaign signatures. I do think that 10-15 years from now, price of BTC would double. I hope that this lesson also serves as an example to all beginner and future traders!

When Bitcoin was created I didn't think that it will last, I could have been very rich by now if I did, but like most people I didn't take it seriously, I never bothered to make a thorough research about it then. It is better late than never and I'm in now, I believe that with my DCA consistency, in the next two and three circles I can become among those that will have many returns on their Bitcoin investment. With the rising of Bitcoin adoption I know that it will make many people rich on the long term, maybe then OP can still repeat his question about what our faith was when we were buying in 2025 at $83k.

In sincerity I didn't believe bitcoin would get to this price of 6 digits. If I believe it I would have invested even a coin because the difference is now a lot of money. If someone could see the future, they would be very wealthy. This is why investment is risk taking because there are people who believed in the future of bitcoin and they grab the opportunity to invest their money in it but now, I do believe that the price will keep rising with the adoption rate that will cause volatility and fluctuations. Many people still hodling for long as you see some wallet with bitcoin stocked there.

I remember seeing "money as a system of control" by Andreas once and then watching it again after years, I really got it the second time
some things take time to understand

in the beggining I thought bitcoin wouldn't reach gold's market cap
not I'm sure it will some day
it's crazy that we are still early after all this years.

no

Nobody expected that bitcoin will last for long term and change some investors life that leave there coins since they lunch it, and they leave it thing when the price increases. When they lunch bitcoin I didn't expect the coin will still be alive by now, and then I don't know anything about crypto by then, is when I join this forum I get enough knowledge about bitcoin. Since have get knowledge I don't want to miss opportunities that comes, because we really miss all the Benefit of bitcoin by then. If have invested since 2016 that have start to get experience better about online, I should have become wealth now. Many people that believe on bitcoin are the people that get the huge profit because when the price was low they still have the faith and beleave that the coin will raise and they achieved there dreams. If everyone knows that bitcoin will raise deep when they lunch it. am sure everyone should have become rich, because everybody most try to invest on the coin, is only the patience investors that really get the opportunity of getting huge profit on the coins. This time we will definitely be among the winners that will benefit from bitcoin when the price increases deeply.

I experienced the era when BTC was below 1000$ (very briefly, also the era below $100). The "problem" is that back then I didn't see it as an investment, but as a tool.

1000$ felt already like a big achievement. My personal guess back then was that it could get five-fold (perhaps $30,000) with a lot of luck, but not much higher. Well, 4 years after (2017) we already got close to that. It wasn't until the 2020-21 bull run that I got convinced that it could come close to 100k.

600,000 are possible definitely, but it's not completely safe, because the bull runs are less steep with every iteration (2011-13 we saw almost a 1000x, 2015-17 a 150x, 2018-21 a 20x, measured from the low).

I believe there's a possibility we could see this price either if we see true mass adoption with sidechains, Lightning and stuff, or if Bitcoin can steal some market share from gold in the "store of value" category, but it's already on the upper region of the range I expect.

Wasn't THAT early but was around between 10 and 20k. My faith? Just the fact that it jumped up to thousands back on its first bull run. I also initially tried trading with it which lead to some pretty bad losses lol. Still doesn't mean that I lost hope with it, I just didn't trust myself to be able to do trading right. After that I did some self reflecting and studying on Bitcoin itself (since I didn't really know jack, I just knew it seemed like a good investment), and well, the model itself plus how the market was reacting just made me trust it.

If I believed I would've been a billionaire right now, cause I would've bought lol.

we will see bitcoin at 1 million usd per coin
at this point it is pretty obvious it will happen, it just needs time

the base case is reaching gold in terms of market cap
just give it time
M2 will keep going up and bitcoin is a proxy for the m2 nowadays

I first saw Bitcoin as a digital technology, and it is fun to know about, nothing too serious as of money making but a new technology that is emanating from the internet, as at then the government has not really given it a good look even from the start. I first heard or read articles related to Bitcoin or crypto currencies here in this forum from late 2009. When I realized that Bitcoin and crypto currencies are decentralized and are not welcomed or accepted by the government as it is not regulated by the government, and also when I knew it was a form of currency, I developed more interest, as it is free to anyone who can make use of it and free for all.

When its price got crossed $10k and reached its first mind blowing ATH of $19k, that was when I had a believe that some day, it will hit this $100k and which it has. Though, then as a newbie to the market movement, I lost 99.9% of all my crypto holdings as the market crashed, since then, I have not really been active here in the forum.

It will be glorious indeed.

And what we are doing now would be much appreciated once it will happen, steady accumulation and patience would be the keys for it.

It is common for people to see Bitcoin OGs as lucky or fortunate. But I don't see them as being fortunate. For someone to keep his coin for eight years and above, it show bravery and faith in Bitcoin. This set of uncommon individuals believed in a strange currency or asset when most people saw it as worthless. Some people even saw them as lunatics because they believed in the unbelievable. I have not been around Bitcoin for a long time but I have confidence that the price will keep going high.

When I started to get really interested, the price was in the $2,000-something range, and that was eight years ago now.


At the time I mentioned there was John McAfee predicting that bitcoin would reach $1 million by 2020 and if not, he said he was going to eat his dick on national TV, which didn't happen in the end. And although the guy was a bit peculiar, the idea that bitcoin could reach a million someday was getting into everyone's heads, as the first value when it started trading was less than a penny on the dollar. The question is when it will reach that figure.

Another man predicted Bitcoin price will rise to $1M in next 90 days in 2023.
https://www.forbes.com/sites/brandonkochkodin/2023/05/02/balaji-srinivasan-concedes-bet-that-bitcoin-will-reach-1-million-in-90-days/

I even didn't know that man but many people felt exciting with this prediction. They didn't imagine that flip Bitcoin price hits $1M within 90 days, the world would be in an apocalypse or similar severe future when many traditional things destroyed like nuclear war, super hyper inflation globally and $1M will not have big value because of $ plummet of purchasing power.

McAfee and other people can make arbitrary and funny predictions that can harm your portfolio if they can not control their emotion and action.

I joined here when Bitcoin price was less than $10K and at that time I didn't expect Bitcoin would reach $100K, but I'm just believing in super cycle where Bitcoin always make new ATH after four years, that's my faith to invest in Bitcoin which we discuss about the price.

Another reason is there are no assets as secure as Bitcoin and no one can see it.

I think many of us know the "rainbow charts" with decreasing highs. They can't predict the exact high of course, but approximately can tell us a tendency, based on the decreasing volatility.

If we take the cycle highs and cycle lows until now, we get the following picture:

- 2011-2013: High 1150, Low 2. (57000% growth high from low)
- 2015-2017: High 19500, Low 135 (13000% high -> low, 1500% high-previous high, 6500% low- previous low)
- 2018-2021: High 69000, Low 3000 (2200% high -> low, 250% high-previous high, 2100% low-previous low)
- 2022-2025: High ?, Low 15500 (400% low-previous low)

We see that all growth percentages decrease at least by 66% between cycles, most of the time 75% and more.

This means for the 2022-25 cycle, even if we see another ATH, it's likely to be below ca. 130000$ according to that tendency, which would be a 85% growth from the previous high of 69000 (close to 250% * 0.3333... according to the - 66% rule).

The next cycle could bring us to ~170000$.

We can now continue this game but it would converge below 250000$ as we can easily see.

How can we reach 500,000$, 600,000$ or even a million? Well there are two possibilities:

- a disruptive bull run which breaks the tendency and achieves a growth rate like in previous bull runs. This could indeed, as you already suggested, happen if Bitcoin is considered a real alternative to gold. Or with some other form of real mass adoption outside of short term speculation.
- a USD hyperinflation. This would not make much of a difference for Bitcoin hodlers though, but at least it would allow them to preserve the value. I consider this highly unlikely though.

In my opinion it's likely we will see such a disruptive bull run eventually. But remember this would only take us out of the curve which converges at $250k. So it's not sure if it will reach $500k or even a million. Just my 2 cents.

From the onset, I didn't picture Bitcoin to be at the level which it is today, but I have always believed it will go high and its adoption will increase, but for price, my expectations for which price to reach increase each time we break to a new ATH.

Once we reach one particular target, I increase my target and expectation to the next level and so on. $600k will be achieved in the future; when that will happen is what we can't be sure of, just as $100k took us by surprise; many didn't expect it to be reached at the time it happened.

I came to know about cryptocurrency and Bitcoin in general in 2020 during the era of Forsage, which initially was a smart contract decentralized finance launched on the Ethereum Blockchain in a form of a pyramid scheme which needed a certain number of referrals before one can be upgraded into the next level. And that was how I initially got introduced by one of my female friend into crypto, and when I loved the idea I made my own research and got to know about Bitcoin and the rest altcoins, and made bought my first Bitcoin on Luno platform, of which since then, I thought it was the best decision I ever made, because I knew it's value was going to skyrocket, but never thought it could skyrocket to $100k so fast, of which I still appreciate.

My bad; when I knew about Bitcoin, the price was likely only $900. But honestly, that time I didn't have enough faith in that; I just ignored it and hated it due to volatility. Fiat like Payza was popular then; nowadays it's dead, and I had used them, including Perfect Money. When I entered, Bitcoin's price was likely around $2K. At that time, I didn't have enough faith. But when I learnt about Bitcoin's potential, then I realised Bitcoin would reach a good price. Though during that time I hadn't imagined it would reach above $100K.

However, when Bitcoin was around $5K, then I understand it would increase in price day by day. So then I start trading Bitcoin. There is a long history of how I earned Bitcoin and lost from altcoins as well. The only faith I have from the first till today is that Bitcoin won't disappoint you if you can hold with patience. Then it is the only faith to me, and I will believe till I live.

at first I used to say that 1 BTC would be enough to retire, now i think 0.1 BTC is already enough to have a simple life, way more than most, not impressive for those who are into the money business, but still a lot (you can retire with 100k in several places of the world if you live an easy life, but won't go in detail on that... retiring is boring anyways)

the big thing is, when do you think 1 million per BTC happens? 2037?

Honestly, I trusted bitcoin but I never expected it to reach this far. Because if only I knew this would happen, there’s no hesitation at all, I will take a loan and accumulate more bitcoin while the price is way more cheap and affordable. The risk of taking a loan will be somehow manageable for me, since I have a stable job to pay for it.

However, there’s no rewind with bitcoin, but history may always repeat itself. If ever btc price goes into dip again, I will grab the chance then to buy bitcoin with my hard-earned savings in the bank, an amount that would also won’t left me get bankrupt.

I am not a Bitcoin OG because of the time that I get to know about bitcoin, it was at that time become an already big project and upto three cycles already happened at that time. Even if I would have had my reservations on it when I first heard about it earlier, to have performed two cycles successfully and always the price better than the previous, it calls for a conviction to believe in the project and to become a full blown out project in the future.


I would say I was late to bitcoin but having that narrative in mind will never allow you to invest into it somehow with much confidence. For the people that get to knew it earlier and decided to join, to have performed two successful cycles without any negative outcomes. For every bear period that it always recovers from it, that should serve as an encouragement to invest in it that time and just imagine how far they’ve come today. Some at the time of investing till now, whether in the bull or bear market, they’ll always be in profit. That’s one advantage which some early adopters of bitcoin had over those that came later.