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Author Topic: When 500 bitcoins were $1  (Read 1779 times)
Casino Gambling Guy
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October 31, 2013, 11:31:02 PM
 #1

This is the funniest thread that I have seen so far. It's an entrepreneur trying to sell a wallpaper image he created and wants to sell them for $1 which would be 500 bitcoins back in early 2010 when this forum just began.

https://bitcointalk.org/index.php?topic=25.msg159

I hope this guy managed to get rich off bitcoin even if his idea to sell wallpaper was pathetic lol At least he was in the right place at the right time which is more than I can say for myself.

The best way to say thank you:

BTC: 1Mfq5PUZpBVd7nhQ6aMa5SeKxeDKKDyr6B    eToken: eLJTb8KefyPhHNLpFDtQVhbs2hN2kGvBTD
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indianplayers
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October 31, 2013, 11:42:22 PM
 #2

some guy also paid 10,000 coins for a pizza back then
Casino Gambling Guy
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October 31, 2013, 11:47:34 PM
 #3

some guy also paid 10,000 coins for a pizza back then

Wow, according to my math that's a 2 million dollar pizza.

I would have loved a small slice of that!

The best way to say thank you:

BTC: 1Mfq5PUZpBVd7nhQ6aMa5SeKxeDKKDyr6B    eToken: eLJTb8KefyPhHNLpFDtQVhbs2hN2kGvBTD
inty978
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October 31, 2013, 11:52:39 PM
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some guy also paid 10,000 coins for a pizza back then
Ahhh the legend continues of the greatest pizza ever sold
jaberwock
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November 01, 2013, 12:45:57 AM
 #5

This is the funniest thread that I have seen so far. It's an entrepreneur trying to sell a wallpaper image he created and wants to sell them for $1 which would be 500 bitcoins back in early 2010 when this forum just began.

https://bitcointalk.org/index.php?topic=25.msg159

I hope this guy managed to get rich off bitcoin even if his idea to sell wallpaper was pathetic lol At least he was in the right place at the right time which is more than I can say for myself.

Based on his address he sold 600 btc in 2011. If he wait 2 years it would be a great money.

Casino Gambling Guy
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November 01, 2013, 01:34:31 AM
 #6

This is the funniest thread that I have seen so far. It's an entrepreneur trying to sell a wallpaper image he created and wants to sell them for $1 which would be 500 bitcoins back in early 2010 when this forum just began.

https://bitcointalk.org/index.php?topic=25.msg159

I hope this guy managed to get rich off bitcoin even if his idea to sell wallpaper was pathetic lol At least he was in the right place at the right time which is more than I can say for myself.

Based on his address he sold 600 btc in 2011. If he wait 2 years it would be a great money.

hmmm...I guess he sold one of his wallpaper images.

Thanks for the update, where or how did you look that up?

The best way to say thank you:

BTC: 1Mfq5PUZpBVd7nhQ6aMa5SeKxeDKKDyr6B    eToken: eLJTb8KefyPhHNLpFDtQVhbs2hN2kGvBTD
BioBTC
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November 01, 2013, 01:48:32 AM
 #7

Quote
hmmm...I guess he sold one of his wallpaper images.

Thanks for the update, where or how did you look that up?

blockchain  Smiley

Ð: DM8QQbmQgx3n6HwkEbBErFg8BsniJ6qEnZ
fildza
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November 01, 2013, 06:14:40 AM
 #8

This is the funniest thread that I have seen so far. It's an entrepreneur trying to sell a wallpaper image he created and wants to sell them for $1 which would be 500 bitcoins back in early 2010 when this forum just began.

https://bitcointalk.org/index.php?topic=25.msg159

I hope this guy managed to get rich off bitcoin even if his idea to sell wallpaper was pathetic lol At least he was in the right place at the right time which is more than I can say for myself.
Yup that time bitcoins are still low price

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mindfulmojo
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November 01, 2013, 06:23:53 AM
 #9

Who knows though maybe people will be looking back at right now and saying the same thing... Cheesy
Casino Gambling Guy
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November 01, 2013, 02:12:31 PM
 #10

Good point!

I bought a little of most of the altcoins as well as bitcoin just in case you are correct.

The best way to say thank you:

BTC: 1Mfq5PUZpBVd7nhQ6aMa5SeKxeDKKDyr6B    eToken: eLJTb8KefyPhHNLpFDtQVhbs2hN2kGvBTD
Omikifuse
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November 01, 2013, 02:22:20 PM
 #11

The risk is really high at that time as btc is still new. Just like when google had their ipo.

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fildza
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November 01, 2013, 03:05:02 PM
 #12

Good point!

I bought a little of most of the altcoins as well as bitcoin just in case you are correct.
Good luck to collect altcoins

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▓▓▓▓▓  BIT-X.comvvvvvvvvvvvvvvi
→ CREATE ACCOUNT 
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November 03, 2013, 01:29:45 AM
 #13

unbelievable legendary story. is there someone lost that much money by selling their coins in the forum right now? Smiley
Rupture
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November 03, 2013, 02:36:11 AM
 #14

Wow they must be kicking themselves to this day
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November 03, 2013, 06:06:00 AM
 #15

500 bitcoins for a dollar. Hmmmmm, a time machine would be truly nice.  Undecided Smiley

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November 03, 2013, 06:19:02 AM
 #16

On a similar note, back in 2010 before GPU mining and all that I solo mined a block with bitcoin-qt. Only to forget about this new fad and didn't backup the wallet. I either reinstalled or the drive crashed and poof. bye bye wallet.
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November 03, 2013, 12:41:58 PM
 #17

Well how many people believed that the price would jump from lets say 0.01$ for 1BTC to 200$? If people did, there wont be no trade since everyone would w8 for that moment ( ppl know were sure it would reach that price ) and cash put then, and since there is no trade there is no real value. So be thankful that some poor miners sold 10k for few $.
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November 03, 2013, 12:43:55 PM
 #18

Now. Don't you all wish you were in the Bitcoin game from the start?

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November 03, 2013, 12:51:17 PM
 #19

Well how many people believed that the price would jump from lets say 0.01$ for 1BTC to 200$? If people did, there wont be no trade since everyone would w8 for that moment ( ppl know were sure it would reach that price ) and cash put then, and since there is no trade there is no real value. So be thankful that some poor miners sold 10k for few $.

+1

Everyone says after the fact and would've loved to been an early investor...
But would any of you honestly kept your BTC after it went up in value by 50%? 100%?  Most of us would've sold it wayyy before it reached the levels it has today!

It reminds of the Simpson episode where Homer sells his shares after it went some small % while the rest of the company held on and made a fortune!

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November 03, 2013, 01:01:40 PM
 #20

https://bitcointalk.org/index.php?topic=25.msg159#msg159

Even satoshi posted there. The 25th topic. Dayum, he WAS an early adopter...
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