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Author Topic: Buying Bitcoin in Europe ca. 2009-2010  (Read 379 times)
fitdjaw (OP)
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June 03, 2017, 06:29:31 AM
 #1

Hi there. I'm curious how someone would have gone about to buy bitcoins from Sweden in 09 or maybe 2010. can't seem to find anything through Google. Anyone remember?

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Herbert2020
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June 03, 2017, 06:38:39 AM
 #2

by 2009-2010 there were no exchange/markets for buying bitcoin so the only way to obtain bitcoin would have been getting tipped from someone or claiming a faucet and gaining 10-20 bitcoins!

or you could have just downloaded bitcoin QT and start mining with your CPU and get (nearly) free bitcoins for mining bitcoin. 50BTC block reward for finding 1 block.

look at this page, specifically this part for more information: https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
Iranus
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June 03, 2017, 07:55:39 AM
 #3

the only way to obtain bitcoin would have been getting tipped from someone or claiming a faucet and gaining 10-20 bitcoins!
Gavin Andresen's old faucet gave out five Bitcoin to each claimant.

Quote from: Herbert2020
by 2009-2010 there were no exchange/markets for buying bitcoin
Not quite.  Mt. Gox started in July 2010.  Bitcoin wasn't worth a lot but going into 2010 it was no longer worthless.

But yeah, you have a point.

Later in 2010, you would have bought from Mt. Gox.  Before that, you might have been able to buy directly from some people (or do some Bitcoin pizza, but it wasn't worth a lot.

It's more likely you would have mined with your CPU and/or GPU (and at first, claimed from Gavin's faucet).

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iamTom123
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June 03, 2017, 08:02:38 AM
 #4

I would say that at that time only a very few people did encounter Bitcoin and can be limited to the circles that has immediate connection with Bitcoin and there was no way for us ordinary guys to get to know Bitcoin and even if we did nobody could have predicted that Bitcoin can have this robust growth ahead...with all the opportunities of online riches at that time there could have a big chance that we can just reject Bitcoin primary because there was not yet mainstream information related to Bitcoin at that time and all of us know that anything can be a scam.

The point is that we can not get back into the past (this storyline should be reserved on movies and tv) so what we can only do is to buy Bitcoin in the present since we also know that Bitcoin has a future. By the time it can reached 5K, people can be looking back at those days when Bitcoin was just hovering at the 2,500 level.
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