Remember when Bitcoin was new and.....

[Layla Mckenzie]

I remember a guy who had 2000BTC worth next to nothing in my last job don't know how he's doing today 

[European Central Bank]

I remember back in the day when it was common for most posters in the forum to have 500, 1,000 or even 5,000 BTC  and more at their disposal. Reading some of the posts now it appears that many people do not even have 2 x 0.1BTC to rub together. Even taking into account the exchange rate going up the average wealth of posters seems to have dropped considerably. Why is this so?

I assume most people who had that amount were mining. No one who arrives here now can afford to do that, or if they can it's hardly worth it. And anyone here in the early days would have to be really committed to seek this place out. these days any whack job can stumble across it and join in.

[Layla Mckenzie]

I remember back in the day when it was common for most posters in the forum to have 500, 1,000 or even 5,000 BTC  and more at their disposal. Reading some of the posts now it appears that many people do not even have 2 x 0.1BTC to rub together. Even taking into account the exchange rate going up the average wealth of posters seems to have dropped considerably. Why is this so?

I assume most people who had that amount were mining. No one who arrives here now can afford to do that, or if they can it's hardly worth it. And anyone here in the early days would have to be really committed to seek this place out. these days any whack job can stumble across it and join in.

Wasn't that the idea behind it? To get average Joes in. 

[European Central Bank]

Wasn't that the idea behind it? To get average Joes in.  

i'd love to see more average joes but we're nowhere near that yet. we have pioneers, scammers, weirdos, the curious and maybe some regular folks too. no one writing on here is average. most people would still think we were all nuts.

[mishra1994]

I came to know about bitcoin a bit late,around 2013 and i also started in from faucets like many others and i used to work all day in faucets to earn few pennies of satoshies.But still if i could compare with today that amount was good.I used freebitco.in faucet a lot and was able to won 0.01btc approx few times in one roll.

[eddie13]

When I first was taught a little about BTC it was just over the $1200 peak and the guy telling me about it thought it might start going back up again any minute, he was killing it on DOGE, he gave me my first .01BTC to cryptsy to trade..

I sold some DOGE @ 242sat, bought DRK in its first couple days on an exchange, watched XPY hit $20, made a killing on and witnessed the AUR pump..
Those were the good old days for me..

I just traded and traded trying to bank more and more BTC never really caring what the BTC price was other than how its movements effected ALT trading, I never really cared what the BTC price was because I always did and still do believe in BTC..


By the time the big UNB pump was over I had turned my .01 BTC into over 1.25 BTC and sold most of it around $300 to buy the intercooler I needed for my Turbo Porsche project because I was really broke in real life and it was summertime time to be outside not staring at crypto books for 70 hours a week..

IDK if I regret selling then, sometimes I do and sometimes I don't..


Started trading again and made a bunch more BTC again and this time I bought a casascius coin with all of it so I won't just spend it on something..

I had to borrow .01BTC the other day to get back in trading and was able to pull 230% profit, over trippled it in a couple days so I payed it back and have enough BTC to get my trading on again now..

Maybe these are still the good old days.. I don't think the good times are over, it has all just begun..

[danherbias07]

Faucets and just faucets, non stop faucets just to get that quota for a day. I even looked for an app in my android that could make me some bitcoin. Those days of sleepless night to earn some decent freebies for a day. 

Yup, indeed the faucet is a way the most widely sought by all. Because the way to get the bitcoin is much easier than any other way. But it also takes quite a long time, if they want to get the bitcoin we want. Paramount must have an unyielding spirit and soul

We all goes up to another level. It is just for a good start and it helped. It will make you think also rhat every satoshi is important specially now with its price. When I think of how hard it is to get some back then I am getting aware of wasting it in gambling and hyips cause every bit is money in my eyes.

[icanscript]

I remember gavin andresen having his own faucet.

I remember selling 60 BTC for £75

[samcoin]

Honestly , I consider myself newbie in Bitcoin and cryptocurrencies , because Bitcoin caught my attention only few monthes ago , but I have been learning from others in this forum .
I heard about the person who bought Bitcoins by some Dollars he had , then he forget about that , when Bitcoin price reaches $1000 , he remembered his Bitcoins and opened his wallet to find $800k in it , how much he was lucky ?

[European Central Bank]

Started trading again and made a bunch more BTC again and this time I bought a casascius coin with all of it so I won't just spend it on something..

with your track record you'd better be careful. some whale on here might track you down and keep you chained up in his basement doing trades for him.

[MingLee]

I remember a guy who had 2000BTC worth next to nothing in my last job don't know how he's doing today 

Chances are he cashed out when the price went up considerably, so chances are he's quite well off right now and he's probably still working. 2000 Bitcoins back a while ago was a hefty return when the price spiked, and chances are even if he sold them today he would be doing incredibly well. That's something like... a million dollars actually. If he was to sell them each at $500.

[European Central Bank]

I remember a guy who had 2000BTC worth next to nothing in my last job don't know how he's doing today 

Chances are he cashed out when the price went up considerably, so chances are he's quite well off right now and he's probably still working. 2000 Bitcoins back a while ago was a hefty return when the price spiked, and chances are even if he sold them today he would be doing incredibly well. That's something like... a million dollars actually. If he was to sell them each at $500.

chances are they were scammed off him or he sold for not very much. the first massive spike was $32. A $64,000 return on what might have been a few bucks would've been enough for most people. no one could've known how quickly it would rise from there.

[eternalgloom]

I remember a guy who had 2000BTC worth next to nothing in my last job don't know how he's doing today 

Chances are he cashed out when the price went up considerably, so chances are he's quite well off right now and he's probably still working. 2000 Bitcoins back a while ago was a hefty return when the price spiked, and chances are even if he sold them today he would be doing incredibly well. That's something like... a million dollars actually. If he was to sell them each at $500.

chances are they were scammed off him or he sold for not very much. the first massive spike was $32. A $64,000 return on what might have been a few bucks would've been enough for most people. no one could've known how quickly it would rise from there.

Yeah, I think very few people would not cash out a significant portion of their Bitcoins if they experience such a rise in value.
Can't imagine someone buying coins for like 0.10 dollars and holding that to sell at $1000

The early days were more fun though, a lot more community driven effort here on the forum, people literally giving away nice amounts of Bitcoins for various services etc.

[raphma]

i remember a time when i sold 1btc for 800USD... good times. hope they come back.

[socks435]

Well im just newbie in bitcoin but before i remember bitcoins before some offering or telling me about bitcoin they said that i can earn in bitcoins.. 2011 i was looking for earnings online i just ignore bitcoins before that i didnt know if bitcoin is scam or not.. its a worst thing that i just ignore that bitcoins before.. and now the price of bitcoin is high and we are now adopting and holding bitcoin to make a profit..

[Barbut]

I remember a time when I needed all day or even more to make 0.001 btc or 1 mBTC. Claiming faucets that give no more then 1000 sat. per claim, and that was a good prize. Now I spin slots where is 0.5 mBTC minimum spin, I made a nice progress in just few months.
I also remember when price was around 300 $, struggling to pass 350 $. And look at the price now almost doubled and its gonna go more up, at least we are waiting that to happen.
I can just imagine what early adopters remind about, they are full with incredible stories for sure. Eh how I didn`t saw bitcoins a bit earlier.

[btcking101]

I remember i bought my first bitcoin when its price was around 200$ and now its 3 times more than that.I was collecting few satoshies from the faucets like moonbit and many other faucets.I also used to collect the dogecoins at that time.At that time price of dogecoins was much higher and loved to collect them more than the bitcoins.

[avikz]

I wish I could started using bitcoin since 2011. But unfortunately I have started adopting bitcoin from 2015 when it was already popular and used by many people. So I have started earning in fractions from faucets.

Then I started trading bitcoin and also started p2p loans, then I started seeing big money. If I had started using it since 2011, I could have made a fortune for me by now.

[RoseMann]

I hope we are still in the "Good time" and bitcoin will continue to progress. Hopefully in a few years' time, I will tell others that each post on bitcointalk would give me 300 bits (which could be a big amount in 2020!).

Where do I Sign up? 

[RoseMann]

i remember the surge to the moon and the time that everybody could mine bitcoin back at their home with their PC and only using a decent GPU and earn a lot of money doing this.
but sadly i was too lazy to start mining bitcoin back then

We ordered one of the first Asic Miners in 2012 and we were also too late to the game for bitcoin, I sold my half to a friend who set up a mining room and still makes good money to this day trading tghe machines around and mining altcoins