ㅤ

[maju69]

Lol. This is yet another example. We have seen it many times in the forum, when time has passed and we see the extraordinary revaluation of Bitcoin, we see these things and we laugh, but at the beginning when Bitcoin was worth pennies, and nobody knew about it, and if you heard anything it was related to fraud, or drugs or terrorists, well it was difficult to see how it was going to revalue.

In any case it is good to remember these things at this time because there are a lot of people pessimistic about the price.

It's true sir, many people complain about the current price, but they forget the incredible achievements of bitcoin to date. In fact I think most of them have gone many times when compared to current prices. They just want to make a profit and do not want the price of bitcoin to experience a correction. However, such conditions are normal in the market.

[1714660668]

1714660668

[1714660668]

1714660668

[1714660668]

1714660668

[Gasty4]

Bitcoin is a digital property that is constantly growing in value. Take care of it, because in 10 years those few million satoshi that you once received somewhere, even on this forum, can turn into a very impressive amount.
[/quote]

This is honestly my best part of it all, the essence of holding bitcoin will be seen soon.... Despite the bearishness of bitcoin, we've got optimistic folks to keep us(Juveniles in Bitcoin) in shape about Bitcoin.
Thanks for sharing this knowledge and information.

[Similificator]

Yeah, yeah. Bitcoin and a couple of crypto currencies have proven to be valuable and in demand as time passes which brings a lot of profit to the people who invested and believed in them. But the thing is, without all the knowledge of how things went for crypto and other influences today, I highly doubt that if the time went back, to 2009 or so, people would still not invest and would even make fun of the people who do. Fact is, until people see results they won't bother giving a sht(most people) which is why only a few had success even after all those years.

[rodskee]

I don't know if something similar has already been posted on the forum, but still. I love these artifacts. This is the story of bitcoin, the story of how people felt about it at the time, 10 years ago.

.

WTH  the lowest prize worth more than 1 million dollars now haha , Imagine if the winners disregard the bitcoin that time and just now that come to senses and check their respective wallets about their coins?

I can't believe this happens in the past when most of the world is not listening to the call of crypto enthusiast and just neglected the chance to become a millionaire now.

I reckon none of the 4 winners of those 25 bitcoins still have them today.

None of us  knows this  , maybe some of them even forgot since then that they did participated in such event and now have digging their wallets? who really knows lol.

[Darker45]

They're not really losers. They're also winners actually. It's just that they did not make it to the top.

Anyway, I also saw this image before in a tweet. The humor is heavy with lessons. But isn't it amusing that even in those very early years Bitcoin was already some sort of a thing worth to be given as a prize? Although it was only given to those who got the lower ranks, it was still a prize given to winners. So it must have already been treated with value.

[Alisha-k]

They're not really losers. They're also winners actually. It's just that they did not make it to the top.

Anyway, I also saw this image before in a tweet. The humor is heavy with lessons. But isn't it amusing that even in those very early years Bitcoin was already some sort of a thing worth to be given as a prize? Although it was only given to those who got the lower ranks, it was still a prize given to winners. So it must have already been treated with value.

Exactly, despite the fact that Bitcoin wasn't had just started and hadn't gained so much value at the time, some persons still saw the value in it in its little beginning, so much value as to even give it out as a prize.
Let's say the person who got the reward of 25 bitcoins was wise,/patient enough to still hold unto it, he'll be dwelling in lots of funds now.

[lepbagong]

Yeah, yeah. Bitcoin and a couple of crypto currencies have proven to be valuable and in demand as time passes which brings a lot of profit to the people who invested and believed in them. But the thing is, without all the knowledge of how things went for crypto and other influences today, I highly doubt that if the time went back, to 2009 or so, people would still not invest and would even make fun of the people who do. Fact is, until people see results they won't bother giving a sht(most people) which is why only a few had success even after all those years.

you are right, when we go back to the past where bitcoin was first known, of course if we buy and store bitcoin then many are harassing. because at that time bitcoin was not very valuable at all, even if it would be sold only for online game payments and did not think about wanting to save as an investment. because no one thought that bitcoin would be accepted by the community and used as a very potential payment.

no one thought that currently bitcoin could make a lot of profit for its owner and be used as a very promising investment for now until whenever. because bitcoin has grown into a promising asset for everyone who owns it. So it's true that you say that only a few are successful today because only a few have been holding on from the start. so lucky that until now continue to do the storage until the long term because it enjoys an immeasurable gift.

[worle1bm]

This is how time have changed and if those who have got that bitcoins still hold onto that prize will be lucky enough to turn millionaire at the current prices of btc above $41k or who knows what profit they might have made.

There were other examples also where some faucet sites were paying 5 btc to solve a captcha and imagine if someone has collected quite a good amount of them at that time and still holds it today? The profits association with holding btc have been immense over time and yes you are right bitcoin could turn the tables anytime.

[KaliLinux]

I don't know if something similar has already been posted on the forum, but still. I love these artifacts. This is the story of bitcoin, the story of how people felt about it at the time, 10 years ago.

The case when the losers became winners. Yes, I understand that there is an extremely small chance that these people were able to make the correct profit from this consolation prize, and most likely they got rid of these coins almost immediately. Although, everything can be, and one of these guys still became a millionaire .... who once lost.

This picture shows well the era when bitcoin was not taken seriously. Few understood the potential of this asset at all. As a result, at current prices, the winner received 2 000 times less than the loser.

Bitcoin is a digital property that is constantly growing in value. Take care of it, because in 10 years those few million satoshi that you once received somewhere, even on this forum, can turn into a very impressive amount.

True that. As you said, those that received the Bitcoin as compensation then most probably just got rid of them quickly for whatever price but if any of them for some reason see it as insignificant and forgot about it for a longer time and was still able to access the wallet years later will certainly have made a good fortune from what ought to have been the last position. There is definitely a good lesson to be learned here, even a simple faucet adventure I have been engaging in for some time now is worth about $22 cos I click on it every morning once I log in to my system   I know it will be worth even more years from now plus more clicks  

[kryptqnick]

This is an inspiring story, and it's unbelievable how much the price grew over 10 years. I do believe that Bitcoin is still undervalued and many people don't take it seriously enough. I agree that whatever one may have now can be worth 10 times that much in 10 years. But not 100+ times as much. Those days are over, and there's a simple limit to Bitcoin's growth: the world's economy. Global GDP is around 100 trillion dollars, and while Bitcoin can be worth a significant part of that, it sets a limit, the way I see it. Of course, the world economy is growing, so it's not an absolute limit, but it's a relative one, and assuming that Bitcoin can be worth more than, say, 50% of it, is definitely unreasonable.

[LogitechMouse]

If you will think of yourself in the current time, this is kinda funny to see because we know how much is 25 Bitcoins right now.
If you will think of yourself and travelling back 10 years ago, you will just see Bitcoin as a mere meme coin that has a low value at that time.

TBH, its funny to see that a picture of that is still in the internet after 10 years. Now after seeing that, I might join the tournament and I will hold any crypto coin for around 3-5 years as long as it already has value . What is the lesson here? Just hold your coins whether it is a shitcoin, a meme coin or a coin like Bitcoin because most of them increases its value overtime . Nahh don't take what I said seriously its your decision to make.

[Coin-1]

Bitcoin is a digital property that is constantly growing in value. Take care of it, because in 10 years those few million satoshi that you once received somewhere, even on this forum, can turn into a very impressive amount.

Actually, those "losers" who received 25 BTC each were lucky. Today, 1 million satoshi is worth about $410. I believe this amount of BTC will cost $1000 after the next mining reward halving. So it would be a wise decision to accumulate as many satoshis as possible while they are relatively cheap.

This picture shows well the era when bitcoin was not taken seriously. Few understood the potential of this asset at all. As a result, at current prices, the winner received 2 000 times less than the loser.

The winner could spend $500 to buy very cheap bitcoins from some cryptocurrency exchange and immediately withdraw them to his Bitcoin address to do HODL. But most likely, he did not invest in BTC.

Quite weird to be giving out bitcoin for last place though; was this like to not make the last prize seem so cheap lmao? I'd assume it's like $25, or probably less.

I just looked at the CoinMarketCap chart for Bitcoin. This oldest cryptocurrency related website has been logging historical data since April 29, 2013. As far as I can see, the lowest BTC price of $68 has occurred on July 5, 2013, so I guess the last prize was around $50 or even higher. Perhaps this guy did not know what to do with coins, because at that time there were not a lot of cryptocurrency exchanges.

[TelolettOm]

If those who were in the 5th-8th place still hold and keep their Bitcoin until now, they will be exactly the winners and become really rich. but at that time, people still don't see any worth in Bitcoin Maybe some will let it be in the wallet without willing to convert to fiat because they might think that the amount was not worthy. Let it be in their wallet until now and they are very lucky right now. With the note that they really still hold them and have the private keys or other data to access the wallet.

It seems that we may not underestimate something, because what we may cosnider something unworthy today maybe very worthy in someday later.

[Dr.Osh]

LOL, right now I really see positions 5 - 8 are the real winning positions. if they still hold on to the bitcoins they have to this day, they really become rich people. Yeah, I laughed at this too. The only think, we don't know if they are still holding the bitcoins to this day or not. even in a few years, if they hold on to it, they really have a bigger prize than 1st place winner.

[Spacebar96]

This makes me to remember about old days when I first had  of bitcoin when the price is till low at that time. I was like it's fraud, it's illegal, it's worthless. When I know the full details about bitcoin it's late the price is up I can't afford even a pieces of bitcoin.
Nothing is worthless...

[Flexystar]

This post is way more inspiring than any story telling from legends. Full respect to that tweet actually. It’s telling the whole story in blink of an eye. What bitcoin was thought to be and how bitcoin is being considered today.

Totally scrambling post. Thanks for sharing this.

[Kakmakr]

This should be turned into a Meme and used by every Bitcoin enthusiast around the world. Mr Lee Sharpe should be made famous, like Lazlo with his Pizza buy.    I took a screen capture of that to show to all the people who laughed at me..back in the day... when Bitcoin was seen as a FAD that will blow over. (their words) 

Thank you OP for posting this... it brings back bad memories from the time when people ridiculed us and a burst of joy and hope from the profits we made and the profits we will still make in the future. 

[kotajikikox]

Very Inspirational post but frustrating to those who early learn bitcoin but did not pay attention instead denied the possibilities of gaining .
There was a friend of mine that has accumulate at least 50 bitcoin back in 2012 from a small trades , but when he earns more than half year after? he sold all the coins instantly , and now he is one of those who is crying for losing a chance to become a millionaire lol.
this story is almost the same as the offers of wins to be Bitcoin is the lowest but look at it now lol.

[Smartvirus]

You can imagine how bitcoin was viewed some 10 years ago, as a consolation price that equates a drinking water bottle. Not to mentionthat it sint a single BTC we are talking about here but, a whopping BTC25 we are talking about here. It's really a case where the losers became the winners for sure and that applies to those who had the foresight to hodl.
Should they know, they would have fought to loose on this particular occasion. Value could be really tricky. If such tournament was held to carry the same price, I wonder what the fight would look like, lol.

[Ziskinberg]

There was a friend of mine that has accumulate at least 50 bitcoin back in 2012 from a small trades , but when he earns more than half year after? he sold all the coins instantly , and now he is one of those who is crying for losing a chance to become a millionaire lol.
this story is almost the same as the offers of wins to be Bitcoin is the lowest but look at it now lol.

That is because he doesn't know that Bitcoin will reach $60k. If he just knows it or everyone knows it, we gonna expect that majority will hold their Bitcoin and I'd see no life in the market. This is to support the volatility of the market and it keeps until forever. We can't hide our fear and that is why many were selling their crypto when it dumps.
But if that was going to happen to me, I don't cry nor I have to regret but being glad I was knowing Bitcoin will increase its value in the future.