If you spent $500-$1000 on bitcoin in 2009-2010

[CerealKing]

Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them. The going rate back in 2009 to January 2010 was $1 for 1400 so let's say you bought every bitcoin besides your own mined and Satoshi's from January 3rd 2009 ( the first mined bitcoin by Satoshi ) to February 2010 and then kept buying for the few months every time someone mined bitcoins you asked if you could buy them. Then when Laszlo did the pizza deal, you would've bought him a lot of pizzas, then when SmokeTooMuch tried to sell 10,000 for $50 and another guy tried to sell 22,000 bitcoins for like $70-$80 you would've bought that... basically every time it came available. You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay

[1714880493]

1714880493

[1714880493]

1714880493

[1714880493]

1714880493

[Lorence.xD]

Would be in huge profit for sure but I still won't blame them from doing so especially that time. We also have the regrets simply because we already saw how it showed the potential of of it. If you can take  back time, what would you do? Take note that it's value before is not as big as with the others. Therefore, they simply disregard the potential this industry is having. A man selling his pizza for a  or in exchange of his holdings that has nothing much if a value before. But since by now we saw already its peak price increase based on previous market price milestones. It might be too late for other investors but for me nothing's too late. The price is still below its previous all time high which should create enough validation with things that we could still ride the tide. Sometimes it is not only with one's silly decision, give him the benefit of the doubt that he had a strong reason from doing so. That's his money by that time in the first place and for sure he is one who have learned from it at the present. For now, Wait for the right entry point 'coz right now consolidation and demand are around and there are still tendencies for another price correction which we should be waiting to happen.

[o48o]

Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them. The going rate back in 2009 to January 2010 was $1 for 1400 so let's say you bought every bitcoin besides your own mined and Satoshi's from January 3rd 2009 ( the first mined bitcoin by Satoshi ) to February 2010 and then kept buying for the few months every time someone mined bitcoins you asked if you could buy them. Then when Laszlo did the pizza deal, you would've bought him a lot of pizzas, then when SmokeTooMuch tried to sell 10,000 for $50 and another guy tried to sell 22,000 bitcoins for like $70-$80 you would've bought that... basically every time it came available. You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay

Yeah, i've thought this too. I mean people would mine them, for sure, they mine anything, but being a whale at the start in alternative history would have changed the playfield and the players so much, that bitcoin wouldn't have same changes. people wouldn't get to buy them as cheap as they did. Wrong people might be interested and right people look away as they would see it centered to one big whale, who has potential to crash the markets any time he/she wants.

Even a small change in history could have taken away someone's share away, who has been essential to success of bitcoin. And even if someone entered early, they most likely had been sold everything long time ago, no one could have even dreamed we got here, except some crazy people who eat glue or something, so you wouldn't listen to them anyway.

[Upgrade00]

Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them.

There's no guarantee that they would sell to you.

You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay

What would be the rationale behind doing that?
Even if you could someone acquire 5 million units of bitcoin, which is almost impossible, and disappear with it, it just makes the rest of the bitcoins more expensive.

[seoincorporation]

in that scenario bitcoin wouldn't worth zero, because people keep mining then, and even f you have 5 millions an satoshi 1 million, there still 15 more million bitcoins to mine.

i even would say the price would be even higher, because there were less bitcoins to trade.

[Yatsan]

Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them.

There's no guarantee that they would sell to you.

You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay

What would be the rationale behind doing that?
Even if you could someone acquire 5 million units of bitcoin, which is almost impossible, and disappear with it, it just makes the rest of the bitcoins more expensive.

Too conclusive. It will alwas be bought in exchanges or even with p2p selling of it. Although being rhetorical is the main thing here, the question should be would you be buying it all with that mentioned amount back on 2009, will you really believe that the market price would be fine or higher than what peop have expected even before. There's a reason why it would be an impossible purchase and that's the price of it before. Some people even forgot where did they put their crypto assets in because the value before was not even getting the right assumptions of it. If it is really being hopeless before then things are different right now.

The logic as we all know; price reached multipe ceilings. When it was still at $10k people are afraid to purchase. When it reached $60k people are hoping for a price correction. Then when a sudden decline happen, people would still wait for things.

What am I trying to point out, is that no matter how we desire of things at the present from this cited instance, it would only be the investor to decide what's best for your feat. Enough with regrets and what ifs, 'coz if really want to invest then go.

[serveria.com]

Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them. The going rate back in 2009 to January 2010 was $1 for 1400 so let's say you bought every bitcoin besides your own mined and Satoshi's from January 3rd 2009 ( the first mined bitcoin by Satoshi ) to February 2010 and then kept buying for the few months every time someone mined bitcoins you asked if you could buy them. Then when Laszlo did the pizza deal, you would've bought him a lot of pizzas, then when SmokeTooMuch tried to sell 10,000 for $50 and another guy tried to sell 22,000 bitcoins for like $70-$80 you would've bought that... basically every time it came available. You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay

Interesting scenario, I've never thought about such possibility, but it seems that it's entirely possible. Well, apart from the fact that it would be pretty hard to buy ALL and EVERY Bitcoin out there.

[hatshepsut93]

no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay

People would always mine BTC as long as it's profitable enough to cover the electricity costs and some of the equipment costs, which is a pretty low margin. But having 5M early coins on top of Satoshi's coins concentrated in the hands of a single individual would be pretty toxic, everyone would be afraid of a huge crash when this individual would start selling and the addresses would be closely monitored. But if the coins aren't moved for a decade, people would start assuming those coins as lost.

[tabas]

We always make speculations and try to assume things in the past. One thing is for sure that it can't be changed and there's no rewind but it does makes sense if a big entity does have that money and tried to buy most of these bitcoins earlier. But most of the new things in the past won't make people pull out their pockets easily. Realizing on what Bitcoin gone through all of these years is just amazing to think of. All of these situational posts and threads that have been made, I know that we have to embrace the reality and all of these threads are just for the sake of discussions but we just move on and look at the current side of it.

[Casdinyard]

Would be in huge profit for sure but I still won't blame them from doing so especially that time. We also have the regrets simply because we already saw how it showed the potential of of it. If you can take  back time, what would you do? Take note that it's value before is not as big as with the others. Therefore, they simply disregard the potential this industry is having. A man selling his pizza for a  or in exchange of his holdings that has nothing much if a value before. But since by now we saw already its peak price increase based on previous market price milestones. It might be too late for other investors but for me nothing's too late. The price is still below its previous all time high which should create enough validation with things that we could still ride the tide. Sometimes it is not only with one's silly decision, give him the benefit of the doubt that he had a strong reason from doing so. That's his money by that time in the first place and for sure he is one who have learned from it at the present. For now, Wait for the right entry point 'coz right now consolidation and demand are around and there are still tendencies for another price correction which we should be waiting to happen.

The main point of his post is not how to build profit by monopolizing the economy and the supply but to actually see how whales could disrupt a thriving economy such as bitcoin’s in the past. Imagine earning almost a quarter of the total economy to yourself. You’d literally have so much buying power that the whole crypto world will depend upon you not selling a single cent of your held supply otherwise a crash would ensue and you’d kill the industry, especially if you did it in its early days.

Now imagine just how much more devastating the effects would be if the sane situation befalls crypto. The implications would be so disastrous every single bag holder here’s gonna have to make a back up application to McDonald’s cause as soon as you sell your position, everyone’s cooked, that is if you can sell your position at all.

Decentralized economies such as bitcoin’s work best when the supply is evenly distributed among its users. Sure we’d get a few whales here and there but it’s not so major that the economy’s gonna be affected for years to come soon as they sell their spot.

[Mrbluntzy]

Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them. The going rate back in 2009 to January 2010 was $1 for 1400 so let's say you bought every bitcoin besides your own mined and Satoshi's from January 3rd 2009 ( the first mined bitcoin by Satoshi ) to February 2010 and then kept buying for the few months every time someone mined bitcoins you asked if you could buy them. Then when Laszlo did the pizza deal, you would've bought him a lot of pizzas, then when SmokeTooMuch tried to sell 10,000 for $50 and another guy tried to sell 22,000 bitcoins for like $70-$80 you would've bought that... basically every time it came available. You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay

If I assume that this scenario which you have expressed is real and that you have disappeared with 5 million Bitcoin, it will not affect Bitcoin network in any negative way but it can even cause the price to surge high. Another thing which I think is that you would have sold off those Bitcoin when you saw the price surge above $1000,  I don't agree that you would have been patient to hold up till today.

[cryptoaddictchie]

Well non one thinks of that before as this coin is not yet that valuable. Of course no one would dare cause if someone predicted the future price then his truly a genius for doing this. Imaginr 5million bitcoin, with its current price you wouldnt need a job or business anymore yet you still live with elegance but use the money wisely. How everyone wish to own that 5million btc. Even the highest miner during that time eventually will sell knowing he earns from doing so but never got imagined this could happen to crypto.

[OcTradism]

"If you spent $500-$1000 on bitcoin in 2009-2010?"

You would have either lost your bitcoin because you did not store it safely, did not have backups, lost private keys. You would have lost it because using exchanges as your Bitcoin wallet and lost it to them like Mt. Gox and many exchanges died, closed, scam exited since 2009.

You would have belong to groups of inactive Bitcoin holders with are reflected by two hold waves for age bands: 10y, 7y-10-y.
https://www.lookintobitcoin.com/charts/hodl-waves/

[pinggoki]

If there's a possibility that you would still be hodling after you see your bitcoin get to around 100k USD in value, 1m USD in value or maybe even around 2m USD then it's highly likely that you're a multimillionaire but seeing how that's probably close to impossible because the temptation is just too great not to sell at the given prices, I don't think that anything's going to change when it comes to what you're now, maybe you're still in crypto and you've got a better financial standing but I don't believe someone would be able to resist the temptation of selling at a really high profit percentage.

[Don Pedro Dinero]

I don't see much point in beating around the bush with such hypothetical scenarios. It has been discussed many times on the forum, the scenario you are suggesting is far from real, because it assumes that you would buy bitcoin at that time and leave them untouched today, when if we look at the history of what really happened is that 99% or more sold them after a short time, some with a profit when it rose a few dollars, others with losses in a downturn and others even did not give much importance to the issue and forgot that they had bitcoin, to remember years later when the price had risen a lot but could not recover them.

[BD Technical]

If I had $200 worth of bitcoins between 2009 and 2010.  So now I'm almost.  I would own a thousand dollars.  In that case, I would have invested 1000 dollars for 7-800 times.  Then I would be a millionaire now.  So it can't be calculated with laughter because at that time the Bitcoin difference is a lot because the market has changed, the market has become more bullish later.  Because currently the price of Bitcoin itself was much higher in 2022 because in 2022 we saw it reached 75 and now it seems to be 42 thousand.  Things change over time, of course there's no telling but if I had that many dollars worth of bitcoins back then, I'd definitely be in the millions right now.

[fuguebtc]

We always make speculations and try to assume things in the past. One thing is for sure that it can't be changed and there's no rewind but it does makes sense if a big entity does have that money and tried to buy most of these bitcoins earlier. But most of the new things in the past won't make people pull out their pockets easily. Realizing on what Bitcoin gone through all of these years is just amazing to think of. All of these situational posts and threads that have been made, I know that we have to embrace the reality and all of these threads are just for the sake of discussions but we just move on and look at the current side of it.

The purpose of these topics is for discussion but after discussion what benefit will it bring us? I don't understand why people like to live in illusion, dreaming about things that cannot be changed and cannot happen? Why doesn't OP ask what will happen if he invests $1000 in bitcoin now and what will happen in 10 years? Wouldn't that be more interesting and more realistic?

Bull season is approaching, bitcoin is becoming increasingly scarce because of increasing demand. Many people are focusing on accumulating bitcoin while many are still here regretting the past and doing nothing to correct that mistake. This is a waste of time.

[adaseb]

Listen it was worthless back then. Nobody expected for bitcoin to explode like it did. It’s the same with Ethereum back in 2014. I think they had an ICO and it was like less than $1 per ETH. And a few years later in 2017 it went to $1400. So it would of been a super fast investment buying at less than $1 an ETH and selling a mere 3 years later for like 2000-3000% profit.

It’s like this with many investment. Look at Tesla when it launched. Look at Nvidia. They all would of made many people millionaires but many all sold way too early. It’s the same with bitcoin and most cryptos in general.

[Mpamaegbu]

Then when Laszlo did the pizza deal, you would've bought him a lot of pizzas, then when SmokeTooMuch tried to sell 10,000 for $50 and another guy tried to sell 22,000 bitcoins for like $70-$80 you would've bought that... basically every time it came available. You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins...

We're only wiser on hindsight. You painted that picture because we know what Bitcoin has become today in value. Turn the table the other way round, we would be saying that those who sold then were the wise ones and those who held until it became worthless weren't smart. Truth is that there aren't many who bought Bitcoin then who are still hodling till date. It's the same way many of us are throwing away our generational wealth today over a few dollars in profit by selling strong fundamental and utility altcoins now. I hope many won't regret it when the time comes.

[tabas]

We always make speculations and try to assume things in the past. One thing is for sure that it can't be changed and there's no rewind but it does makes sense if a big entity does have that money and tried to buy most of these bitcoins earlier. But most of the new things in the past won't make people pull out their pockets easily. Realizing on what Bitcoin gone through all of these years is just amazing to think of. All of these situational posts and threads that have been made, I know that we have to embrace the reality and all of these threads are just for the sake of discussions but we just move on and look at the current side of it.

The purpose of these topics is for discussion but after discussion what benefit will it bring us? I don't understand why people like to live in illusion, dreaming about things that cannot be changed and cannot happen? Why doesn't OP ask what will happen if he invests $1000 in bitcoin now and what will happen in 10 years? Wouldn't that be more interesting and more realistic?

That's okay, it's always like this that people think of what if all of us have bought Bitcoin in the past and we've been holding a lot of it. Yes, there's no true benefit with these discussions and it's just all about the thoughts of what if on those times. But we have to embrace the reality and actuality of it that those moments have already passed and we can't do anything about it so, we have to move on and correct the mistakes that we did in the past.

Bull season is approaching, bitcoin is becoming increasingly scarce because of increasing demand. Many people are focusing on accumulating bitcoin while many are still here regretting the past and doing nothing to correct that mistake. This is a waste of time.

And don't forget that the total Bitcoins that have been mined is now 19.6M where the total supply limit is 21M.