Question for those who bought/mined BTC when it was mere pennies & held strong

[solid12345]

I won't ask how wealthy/not wealthy you are, but if you acquired BTC at an insanely cheap price and managed to hold through all the several price rises and crashes to late 2013 when it hit an upwards of $1000, tell me, what was your secret to having such strong hands? And did you sell or are you still holding?

[1715316869]

1715316869

[necrita]

I doubt the big holders will want to out themselves. Read the posts of prominent members with an account started in 2010, 2011, 2012.

[solid12345]

I doubt the big holders will want to out themselves. Read the posts of prominent members with an account started in 2010, 2011, 2012.

Answering with a newbie account is fine if they wish to hide their ID too.

[onewiseguy]

I doubt the big holders will want to out themselves. Read the posts of prominent members with an account started in 2010, 2011, 2012.

Answering with a newbie account is fine if they wish to hide their ID too.

I doubt any one would come out and say, there might even only be a handful also most would have just thought it as a small phase and forgot about it and bought sold old pc/Harddrive.

But I am also interested.  If there are any one on here.

[monbux]

I doubt the big holders will want to out themselves. Read the posts of prominent members with an account started in 2010, 2011, 2012.

Answering with a newbie account is fine if they wish to hide their ID too.

I'll bet you for some early birds, was to forget all about bitcoin for a couple of years, come back, and realize that they were rich!

[ObscureBean]

I only joined the crypto community in 2013 but if I remember correctly, price went back down immediately after it spiked to ~$1100. Maybe some people didn't expect it to go down so fast and held on to their coins in the hope it'd reach $2000 and beyond  Personally, if I'd bought 1000 BTC for $50 back in 2010, there is a good chance I would've sold most of my coins as soon as the price reached the plateau phase at ~$130, just before the climb. $130,000 for a $50 investment is good enough for me 

[JusticeForYou]

I only joined the crypto community in 2013 but if I remember correctly, price went back down immediately after it spiked to ~$1100. Maybe some people didn't expect it to go down so fast and held on to their coins in the hope it'd reach $2000 and beyond  Personally, if I'd bought 1000 BTC for $50 back in 2010, there is a good chance I would've sold most of my coins as soon as the price reached the plateau phase at ~$130, just before the climb. $130,000 for a $50 investment is good enough for me 

So many investors think in the 'all or nothing' mode when calculating ROI. There is a system for taking profits while staying invested. Think of it as reverse dollar cost averaging. Will you maximize the total amount of ROI if you hit the peaks and valleys? NO... but you will average your Peaks and Valleys and in the case of BTC, that should have been pretty good. (So far)  As to picking your End Date for your investment. I'd suggest you'd look at a point where bloat will be detrimental to the efficiency of the system. IMHO...

[aso118]

So many investors think in the 'all or nothing' mode when calculating ROI. There is a system for taking profits while staying invested. Think of it as reverse dollar cost averaging. Will you maximize the total amount of ROI if you hit the peaks and valleys? NO... but you will average your Peaks and Valleys and in the case of BTC, that should have been pretty good. (So far)  As to picking your End Date for your investment. I'd suggest you'd look at a point where bloat will be detrimental to the efficiency of the system. IMHO...

Very true. I plan to have a systematic divestment plan too.
End date can be far, far in the future...
If you miss it, your kids get the bitcoins as an inheritance. 

[mrhelpful]

I came in way too late of the game.

Around 2012 when it was $100, bought 1 btc, only since was new the whole scene. I`d like to hear what the old timers what they have to say though. 

[JusticeForYou]

I came in way too late of the game.

Around 2012 when it was $100, bought 1 btc, only since was new the whole scene. I`d like to hear what the old timers what they have to say though. 

I was selling Puts around the $3 dollar mark. (Nano kicked my butt, of course I hedged it tho... LOL)

[gentlemand]

The ones who would really make bank are the people who bought coins and forgot about the whole thing until it popped back up in their mind one day.

I'm sure there are people who held from the pennies phase but they would be few and far between. Those would be the true believers who have no desire to ever convert them. There aren't enough people with that mindset yet.

[techgeek]

The ones who would really make bank are the people who bought coins and forgot about the whole thing until it popped back up in their mind one day.

I'm sure there are people who held from the pennies phase but they would be few and far between. Those would be the true believers who have no desire to ever convert them. There aren't enough people with that mindset yet.

Yeah, the odds are a bit slim. I remember reading an article some guy, forgot about his cold wallet or something and his wife got mad at him for mining bitcoin so he stopped.

Like anyone who doesnt have the desire to convert it, thats like 1% or a small crowd. Im a believer in bitcoin, but sometimes I need cash and love more for profit then anything else.

[Wekkel]

[...] and his wife got mad at him for mining bitcoin so he stopped.

Looks familiar. Back in the day it would be about 0.25 BTC in a week. O boy 

[knowhow]

who would say that bitcoin would be where is currently no one could predict if before as they cant do it now

[Wendigo]

Not everyone held their HDD wallets with the mined coins on them till the end. Do you remember that english IT guy that threw away his HDD with some millions on it and went to the dumping site to search for it. Hilarious

[Amph]

[...] and his wife got mad at him for mining bitcoin so he stopped.

Looks familiar. Back in the day it would be about 0.25 BTC in a week. O boy 

i thought it was much more like 1 block in a week, the earning was monstrously higher, i remember that in 2013 i was still doing 0.04 a day, with just one amd gpu

[johnyj]

I can not imagine who will not cash out at least part of it, unless he bought too little or forgot the password of his old notebook