Bitcoin 10 years ago

[NdaMk]

14th October 2012 bitcoin was $12 currently at 19k, down with - 70% since its ATH I feel this a second chance given to new investors

Take the chance today and HBTCDL

[1713931194]

1713931194

[Mbitr]

I think you may want to check your figures and move the decimal point a bit ?
Nonetheless, if you’ve been holding since 2012- good on ya 

[Solosanz]

I think you may want to check your figures and move the decimal point a bit ?
Nonetheless, if you’ve been holding since 2012- good on ya 

Lol yeah, the difference is just $7K and gold are performing better than Bitcoin
 
Actually it's pointless to compare the early year of Bitcoin with the current year because Bitcoin price is really cheap on 2010, while Bitcoin price right now is already worth for $19K-ish which is the gap is too far. If you compare each day on 2010 and each day on 2022, all of them are gain and there's no day where Bitcoin price on 2022 lower than 2010.

[Aanuoluwatofunmi]

the difference is just $7K and gold are performing better than Bitcoin

What makes you think so? Bitcoin is far better in performance now than gold in terms of asset and profitability, maybe you can try give a look here Annual and monthly profitability of bitcoin with article published by Ratimov on this particular aspect, i want you to see bitcoin as multi-facet assets that has more potentiality than gold, bitcoin serves a currency, an asset for investment, unit for store of value and a profitable investment over time than centralized gold.

 

Actually it's pointless to compare the early year of Bitcoin with the current year

there will always be a need to make reference in order to understand how it all started and have focus to where it's going, it could also encourage beginners new in the system understand better that bitcoin is not a shitcoin

[KaliLinux]

I think you may want to check your figures and move the decimal point a bit ?
Nonetheless, if you’ve been holding since 2012- good on ya  

Lol yeah, the difference is just $7K and gold are performing better than Bitcoin
 

I am kind of hoping you are just joking around here   because as we know, a picture is worth a thousand words.



So needless I start explaining plus you can check it out yourself.

https://www.longtermtrends.net/bitcoin-vs-gold/

 

Actually it's pointless to compare the early year of Bitcoin with the current year

there will always be a need to make reference in order to understand how it all started and have focus to where it's going, it could also encourage beginners new in the system understand better that bitcoin is not a shitcoin

You are right. I don't believe that it is not important to look at Bitcoin price from the beginning and how far it has come and where it could still be. These are some of the proves you need to show how solid the project has turned out to be when compared to others that came way after it which must have also perished.

[MainIbem]

14th October 2012 bitcoin was 12k, currently at 19k, down with - 70% since its ATH I feel this a second chance given to new investors
Take the chance today and HBTCDL

Where did you got the $12k from?
At 2012 bitcoin was less $50 so i wonder where you got your chart from maybe there is an error somewhere else.
do you think is all those who bought at 2012 have kept their bitcoin till date? no because even when such opportunity is given to us then we would have sold and never think of the future were it would be in the next 12 to 20 year to come.

[DdmrDdmr]

<...>

Note that, as stated by @Mbitr, you seem to be interpreting the decimal point wrongly. The reading on the Twitter entry is 12,15$ (12.15$ in the image), where the separator is a decimal point.

I tried to see where the exact figure came from for the sake of it. This site places the price for today-10 years at 11,86$, whilst this other one brings back the 12,15 $ mark (but as a summary for the whole of october 2012), and this other site sets the mark at 12,04$ per BTC. Not that there is much difference between them though.

[NeuroticFish]

interpreting the decimal point wrongly. The reading on the Twitter entry is 12,15$ (12.15$ in the image), where the separator is a decimal point

I would add that I've seen bots interpreting the decimal point better than this.
If the tweet would have been about $12.150 then OP could have had an excuse, but as it is, nope...

Nonetheless, if you’ve been holding since 2012- good on ya 

I'd guess that if he would be holding since 2012 he would know the price levels from back then and not mistaking at such level of magnitude.

[posi]

14th October 2012 bitcoin was 12k, currently at 19k, down with - 70% since its ATH I feel this a second chance given to new investors
Take the chance today and HBTCDL

Where did you got the $12k from?
At 2012 bitcoin was less $50 so i wonder where you got your chart from maybe there is an error somewhere else.
do you think is all those who bought at 2012 have kept their bitcoin till date? no because even when such opportunity is given to us then we would have sold and never think of the future were it would be in the next 12 to 20 year to come.

It could be a typo but looking at the picture you will see the price he is referring to. I also think like you, do not believe that those who had the opportunity to buy bitcoin at the beginning of the year like 2012 can hold out until now. They could have sold it when it hit $100 or maybe $1000 because bitcoin is as uncertain as it is now and no one could have predicted it would become such a big thing as it is today. As satoshi also said: after 20 years it may be nothing or it will also have a huge trading volume. Bitcoin is unpredictable.

[Kelvinid]

It is good to remember the price of Bitcoin 10 years ago when the price is expected low but we have nothing to do to turn it back, nothing.
Actually, regret is only what we get if we keep remembering those days and ask ourselves why? I have nothing to compared today and 10 years ago, the market changes and that is how the market evolve just like us that we grow old and we're not able to get back as a kid and do thing that we miss before.
I was happy of what it happen today, that is somewhat important.

[Rruchi man]

In the last 10 years the history of bitcoin a lot has definitely happened. A lot of crypto made millionaires have emerged from the cryptocurrency environment while a lot of people who were millionaires from crypto currently are no longer millionaires all as a result of the choices they made. Fact is in the next 10 years a lot will also happen in this cryptocurrency space, new millionaires will emerge while some people who are currently millionaires will no longer be millionaires by then, the position we will be is dependent on the decisions that will make today and consecutively before that time. Make good decisions, acquire more cryptocurrency and keep Hodling for as long as you can.

[ajiz138]

This can't be a comparison because 10 years ago we were clueless and only now is proof that $12 Bitcoin can reach as high as $69k (2021) as ATH and for its current price of $19.7k it's just history that Bitcoin went from small to high. to be the largest ever in a decade.

Now the best way is HODL in 2022 with an average price of $19k and wait 10-15 years from now will the current price become history again? Or in the next decade we will see $100k-$200k? It's possible for me Bitcoin has a different cycle in each iteration of its history.

Keep your money in Bitcoin for sure we can see how the price will come. the word HODL became my reinforcement.

[BlackHatCoiner]

Don't expect the same gains as the Bitcoiner's who held for 10 years. I do expect gains, because we're in the usual time when very few talk about bitcoin now more, and it's not over hyped by even soccer banners. I also expect gains, because within the next few years, maybe 8, 10, 15, I'm quite convinced that it'll someday become a necessity for some merchants to move to bitcoin, because they aren't going to have an alternative.

[Ziskinberg]

This can't be a comparison because 10 years ago we were clueless and only now is proof that $12 Bitcoin can reach as high as $69k (2021) as ATH and for its current price of $19.7k it's just history that Bitcoin went from small to high. to be the largest ever in a decade.

And this is the reason that people know how to hold and value that attitude more than anything. We've come to a realization that we can never underestimate Bitcoin nor predict that this is just a temporary uplift and it turns down like the old days. But what we have experienced is continuous development and price upgrades bringing more people to recognize this project. And we never know how far it could reach 10 years from now, double or triple its current price, we never know actually.

[Sebas.tian]

I think, holding is the solution to see a bright future after this bearish season, which many crypto investors are very ready to exercise patience with the current price. Bitcoin still remain the king among other cryptocurrencies, because 10 years ago those that exercise patience to hold their bitcoins to allow the bearish season to disappear before they can sell, really made a huge amount of income from their investments. I don't think, potential investors will afraid of what is happening in the crypto market than to be happy for the opportunity in this month of October.

[ethereumhunter]

I feel like it was a typo rather than saying @OP was drunk and wrote the wrong number lol

In that year, few people wanted to invest in bitcoin, even though the price was still very low and people could buy it with large amounts of bitcoin. But gold is still tempting, so people buy gold instead of gold. Maybe not many people bought bitcoin then, and yes, they are now smiling happily, seeing their bitcoin count increase due to the previous drastic decline.

[Detritus]

14th October 2012 bitcoin was 12k, currently at 19k, down with - 70% since its ATH I feel this a second chance given to new investors

I checked on Binance and Hubie exchanges only to find out that some investors are in a bid to buy 1 Bitcoin for $15k. It's not yet obvious to some investors that $19k is a good opportunity to buy, as some are expecting to buy at $15k. 

[Little Mouse]

This can't be a comparison because 10 years ago we were clueless and only now is proof that $12 Bitcoin can reach as high as $69k (2021) as ATH and for its current price of $19.7k it's just history that Bitcoin went from small to high. to be the largest ever in a decade.

That's why they are different them others who were able to forecast this long ago, even at the beginning of the bitcoin journey. They are now wealthy elite-class people in the world just because they had confidence because of the nature, and features of bitcoin. It's not that easy to forecast the future, at least forecasting what will happen after a decade. I would never say anymore that pioneers were lucky enough to get it faster. It's actually the forecasting capability of the group of people. Check out the below post, the guy was talking such that he was so sure Bitcoin will reach $10k someday. It hit long ago, right after a little more than his prediction of 6 years.

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

I feel like it was a typo rather than saying @OP was drunk and wrote the wrong number lol

Lol. I feel like what? Bitcoin was $12k back in 2012? No!!

[vapourminer]

<...>

Note that, as stated by @Mbitr, you seem to be interpreting the decimal point wrongly. The reading on the Twitter entry is 12,15$ (12.15$ in the image), where the separator is a decimal point.

I tried to see where the exact figure came from for the sake of it. This site places the price for today-10 years at 11,86$, whilst this other one brings back the 12,15 $ mark (but as a summary for the whole of october 2012), and this other site sets the mark at 12,04$ per BTC. Not that there is much difference between them though.

yup. i remember ~ $10ish usd range in 2012

source: i was there

do you think is all those who bought at 2012 have kept their bitcoin till date? no because even when such opportunity is given to us then we would have sold and never think of the future were it would be in the next 12 to 20 year to come.

I also think like you, do not believe that those who had the opportunity to buy bitcoin at the beginning of the year like 2012 can hold out until now. They could have sold it when it hit $100

uh, its possible to have done both you know.

[CryptoHeadlineNews]

I feel like it was a typo rather than saying @OP was drunk and wrote the wrong number lol

Lol.. For me, I also join you, because maybe OP might have taken like two bottles and almost drunk before writing this thread, because there is actually no similarity between $12.15 and $12k, as presented by O.P, as the gap is way too huge of over 10000%..