Bitcoin 10 years ago

[Sterbens]

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.

It's basically better when we invest for the long term, because that's actually the goal for investors. However, I will not brand people who invest in a short period of time to be wrong, because it returns to each of our beliefs. As long as it's still profitable I think it's fine. But what I have noticed is that more people like to invest in a short time, maybe this is inseparable from the needs that must be met.

[1714321264]

1714321264

[pawanjain]

If only we were aware of bitcoin 10 years ago and we had enough knowledge about it back then we could have at least hold on to some of it.
Assuming that I knew about bitcoin back then and I bought 10k BTC then I would have sold most of it in the previous bull and bear cycles.
But at any cost I would have hold on to at least 100 BTC and even that would have made me a millionaire.
But I am happy that I got to know about bitcoin at least in the last few years.
Not a millionaire but at least I am happy to hold some coins and I wish it makes me a millionaire some day.

[adzino]

It wasn't 12k in a decade ago. It was 12 USD. Probably a typo or you read it wrong. But yeah, those you held for a decade (I wonder how many of them are there), invested a good amount is probably leading the life now. But I doubt we will be seeing the price go up the similar way in the next few years or in a decade.

-snip-
 I feel this a second chance given to new investors
-snip-

No matter the price of bitcoin, if you have money lying around, you have been given a second chance to invest. Every moment is a second chance!

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

The difference isn't 7k USD. Look at the picture he posted. Now would be saying the same that gold has been performing better than bitcoin in the long run?

[Beparanf]

It wasn't 12k in a decade ago. It was 12 USD. Probably a typo or you read it wrong. But yeah, those you held for a decade (I wonder how many of them are there), invested a good amount is probably leading the life now. But I doubt we will be seeing the price go up the similar way in the next few years or in a decade.

Most of the guys that hold since that era are typically those who forgot there Bitcoin wallet already and just recovered it lately. At that time Bitcoin price is too volatile and there’s no guarantee that the market keeps moving upward since there’s only few exchange and one of them is MtGox that start the bad impression of CEX for not safe to hold funds. I’m sure at that time is very anxious on holding there tokens due to a lot of scams so typically only few will remain as OG holders and those people are the one who didn’t check there wallet most of the time as well as the price.

[Little Mouse]

But at any cost I would have hold on to at least 100 BTC

Some says HODL isn't that easy people can thinking it as. You can see your portfolio climbing up easily, enjoy the ride but one can't HODL when the price gets down, specially in a capitulation moment. However, imagine you had 10000 BTC purchased with $100k @$10/each. When you would see your portfolio have turned into a billion and again it got down to half billion, would be still able to HODL? I doubt many would but brave can and that's where they have the advantage to be the billionaire.

[lassdas]

.. imagine you had 10000 BTC purchased with $100k @$10/each. When you would see your portfolio have turned into a billion and again it got down to half billion, would be still able to HODL? I doubt many would but brave can and that's where they have the advantage to be the billionaire.

Let's see..
you (or someone) invested 100k and would get all scared when your portfolio "drops down" to half a billion?   

You're joking, right?
Why would I care, if my portfolio is 1, 10, 500, or 1000million, when i only invested 100k? Greedy much? I don't get it.

I still hodl coins from 2010 and I'm perfectly fine with not having them sold at 60k+.
There's absolutely no reason to sell more than I need in fiat to pay my bills and I don't need to sell that many todo that, which is nice.

[Ultegra134]

Sometimes I wish I knew about Bitcoin earlier. Early adopters of Bitcoin had a once in a lifetime opportunity by being in the scene so early. I learned about cryptocurrencies somewhere in 2014, which isn't too late I guess, but being a moneyless teenager, I couldn't do much to acquire Bitcoin early on. I remember asking my parents' permission to use their card in order to buy one whole Bitcoin but getting rejected. Thus, I resorted to trying to acquire BTC in other ways, such as faucets. I managed to accumulate a decent sum through them, but it wasn't any life-changing amount, even by today's standards.

For those saying that Bitcoin's price is irrelevant, it's not. We don't share the same opportunities compared to the past. A thousand dollars could get you a couple of BTC in 2013-2014. You'd only receive approximately 0.05 BTC. The possibilities of multiplying that kind of money now are way too slim compared to 2012-2014.

[The Cryptovator]

How are they feeling who sold 10 years back? But we don't realize now how we will feel 10 years later since we are selling Bitcoin. We can't imagine the important of things when we have it. But those don't have or lose they realize. It's not too late, newbies should inspire when they notice what was the price 10 years ago and what would happen 10 years later.

[FanEagle]

We will not get this type of increase ever again. From 12.5 dollars to nearly 20k dollars, that means it has increased 1600x times bigger, in order for us to go x1600 bigger from the current price, we would need to be 32 million dollars per bitcoin.

I am not saying that it won't go up, it will go up and make you rich and you should invest into it, but do not imagine for a second that there are a lot of profits to be made left. You could make 5x, and that's more than good enough in this market and we need to prepare ourselves for something like that. If you get ready for 1600x then you will be sad, but if you get ready for 5x then you will be ready.

[nurilham]

This is the meaning of:
results that do not betray the long struggle and process. Bitcoin used to be considered something strange and impossible for many people to accept. But now, Bitcoin is one of the investment targets with a high market cap.
Maybe right now, the price of Bitcoin is falling but that doesn't mean trust in Bitcoin is decreasing. The proof is that more and more parties actually buy Bitcoin during Bearish because of the preparation for the bullish momentum later.

[GreatArkansas]

We will not get this type of increase ever again. From 12.5 dollars to nearly 20k dollars, that means it has increased 1600x times bigger, in order for us to go x1600 bigger from the current price, we would need to be 32 million dollars per bitcoin.
(....)

I understand your point, but we'll never know still. What if we will dump at a huge significant price of Bitcoin then it will go bounce back on some high price?
We all know where Bitcoin will go, the same as what happened years ago when Bitcoin are starting. Or maybe if ever we will get on these high prices, for sure we don't exist anymore in this world.

[jossiel]

We like progress and that's hell of a kind for bitcoin.

I don't know, maybe if I'm holding bitcoin or bought at that time. There's a big tendency that I might have sold when it goes $50 - $100 or a thousand.

It's not that easy to hold for so long unless you've forgotten that you have it all of these years and suddenly remembered. That happens for some instances.

[fuguebtc]

If only we were aware of bitcoin 10 years ago and we had enough knowledge about it back then we could have at least hold on to some of it.
Assuming that I knew about bitcoin back then and I bought 10k BTC then I would have sold most of it in the previous bull and bear cycles.
But at any cost I would have hold on to at least 100 BTC and even that would have made me a millionaire.
But I am happy that I got to know about bitcoin at least in the last few years.
Not a millionaire but at least I am happy to hold some coins and I wish it makes me a millionaire some day.

It's everyone's wish, but I suppose even if we had enough knowledge about it, we wouldn't have bought it at the time. We want to go back to that time because we already know what can be achieved today, not because we have full knowledge of it and want to possess it because of that knowledge. Those who made the first bitcoin transaction or those involved in bitcoin development at that time they had a very good knowledge of bitcoin but who will hold bitcoin until now?, I think definitely not. Even satoshi was skeptical of its development, no one was sure at the time.

[teddybear]

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

Bitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in June 2019, with the price surpassing $10,000. However, it fell to $6,635.84 by mid-December.

[defriadi]

really it's time for us to invest by buying bitcoin I'm sure bitcoin will go to another month like 2020. I hope we can all feel something like that again.

[Tony116]

It wasn't 12k in a decade ago. It was 12 USD. Probably a typo or you read it wrong. But yeah, those you held for a decade (I wonder how many of them are there), invested a good amount is probably leading the life now. But I doubt we will be seeing the price go up the similar way in the next few years or in a decade.

Most of the guys that hold since that era are typically those who forgot there Bitcoin wallet already and just recovered it lately. At that time Bitcoin price is too volatile and there’s no guarantee that the market keeps moving upward since there’s only few exchange and one of them is MtGox that start the bad impression of CEX for not safe to hold funds. I’m sure at that time is very anxious on holding there tokens due to a lot of scams so typically only few will remain as OG holders and those people are the one who didn’t check there wallet most of the time as well as the price.

A lot of people are exaggerating that if they had a chance to go back to that time, they would buy and hold to this day, or who wish bitcoin would drop to $1k and they would spend all their wealth to buy bitcoins. It's all a lie, I believe if we were at that point and things were uncertain we would be just as nervous as they were and quickly sell bitcoins if there was a profit. No one is brave enough to trust and hold bitcoin until now, no one is brave enough to hold bitcoin when our wealth grows 1000 times.

[buwaytress]

We will not get this type of increase ever again. From 12.5 dollars to nearly 20k dollars, that means it has increased 1600x times bigger, in order for us to go x1600 bigger from the current price, we would need to be 32 million dollars per bitcoin.
(....)

I understand your point, but we'll never know still. What if we will dump at a huge significant price of Bitcoin then it will go bounce back on some high price?
We all know where Bitcoin will go, the same as what happened years ago when Bitcoin are starting. Or maybe if ever we will get on these high prices, for sure we don't exist anymore in this world.

You said what I was going to say. I do agree that the days of exponential growth counting from ATH to ATH can no longer happen. Getting in November 3.5x from 2017's mark only confirmed that.

But who's to say Bitcoin won't experience an incredible dump, as you say, even below March 2020's bottom?

I personally think that in the real of highly unlikely but Bitcoin's about to experience its first global depression.

$4k? $2k? Then another 20x from there to next ATH isn't just possible, it's probable.

[Daltonik]

Of course, now looking at these figures and comparing the price of bitcoin with a difference of 10 years, of course it looks amazing, but they can only be real for those who have not parted with bitcoin. But at that time, the overwhelming majority perceived the crypt as entertainment and parted with bitcoin with ease, you didn't buy, for example, Sega's first releases for the sole purpose of stocking up on cartridges and putting it all in the closet to sell it all at auction in 20 years.

[worldofcoins]

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.

I don't know why you think gold is performing better than bitcoin, but when you look at the growth of bitcoin compared to gold you'll realize what you're saying is untrue.

Networth of bitcoin 19K$/Bitcoin Is much more when you take into consideration all time gold value and compare it with bitcoin's all time value.

[buwaytress]

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.

It is pointless to cherry pick, but isn't that the whole point of we're trying to argue wanting to say gold performs better than Bitcoin? We can switch the goalposts all we like to fit our agenda, that's usually the point.

Start of Bitcoin and start of gold, put them side by side and see where we are today. That'd probably be the fairest but then I would whine that that puts 10 years of Bitcoin in comparison to thousands of gold.