Honestly me too, lol.
Getting to a price of $50 per unit is a particularly dramatic mental struggle given that there isn't much reference to bitcoin's potential for the next 10 years to encourage someone to HODLing.
However by now, this story has become some of the references anyone today has to hold onto bitcoin any longer if they're looking for the price.
It is for sure that no one anticipates that bitcoin will be something else in the next decade and that's why those players have probably sold it just like me if I'm on that tournament to receive the prize.
Instead of looking at situations like these and wondering if the winners had held on to their bitcoins, it should rather show up our how far Bitcoin has come over the years and the level of adoption that has been attained in less than two decades.
It should also motivate you to hodl. Bitcoin enthusiasts today look back with regret if they had bought Bitcoin earlier and held on for 5-10 years to reach the ATH they aspire to sell at, but they struggle to hold for a few months or years even with the knowledge of the historical price chart.
Yes, that's still to show the lesson that it's visible how bitcoin has came that far over more than the decade of its existence. With such situations, this isn't just one of the best stories to be inspired of being a holder. I might post the other stories that I'll ever find and encounter in the nearest future.
If anyone curious with the original thread of the tournament, here's the link
https://tl.net/forum/bw-tournaments/190866-aov-iccup-starleagueThe winners who get 5th to 8th places are Kolll, Sziky, Heme and DeSka, those 25 Bitcoins are worth for $41.75 which is make sense 25 Bitcoins are appropriate reward for 5th to 8th places
https://liquipedia.net/starcraft/AoV_iCCup_StarLeagueAnyway I don't find any information if they've sold their coins or not, but I believe they're either sell or lost the private keys because they're high likely only know the games and don't care with Bitcoin.
Thanks! This is even greater information for posting the actual thread of the said tournament and having them named, those players that have been in that placed.
As a matter of fact, many people have been placed with this early days opportunities having bitcoin that could have amount millions of dollars by now, but the question is, even at this present days, people investing or earning bitcoin now may not all wait till after about years to past before they sell them out, which means people hodl and once they realizes little from their investment, they sell out, an average investor will only buy and hodl within the period of four years but it's rare to have someone holding for two halving to occur which is about eight years then sell, it would have turn a huge amount indeed.
No doubt on that, we even got the faucets that have distributed 5 bitcoins for the early claimants. The value wasn't a lot during that time but yeah, that's it. These earliest days for bitcoin and people who have known it have given the opportunity. But if we look at that opportunity, majority of them wouldn't have thought of keeping it.
Some sell because of fear whenever it's going dip, while some sell whenever it got a new ATH, but the fact is people still don't hold for that too long, they sell and buy again and the process continues,if you had bought at $30 and sell at $100 then i think you have realized something good, but after then, it may went down and still surge high to about $230 for instance after like 7 years, you may now be also saying, you would have hodl all these while, but getting in is never too late for bitcoin investors begin it will always have value.
I don't think it's about the market's up and down but it's more of about uncertainty that since it's the early time for bitcoin. No one is expecting it to grow as much as it is right now. So, as long as it has a value and price to be sold, I'd definitely sell it. It's not about being naive or unbelieving but it's about the reality on those times.
This is very old one and some users have posted about it earlier also but we can't regret or keep saying that it was lucky time for them if they have received btc as winning even on the last position also but we don't know if any of them stored their coins or sold them with few dollars only so maybe it was normal for them.Like we have faucets giving away 5 btc so if we were aware at that time and still hold it we would have been at different level.But still we can go to some profitable situation if we hold it long term.
And we really can't say if all of them have held for a long time, it's really likely that they've sold just as after they've received the 25 bitcoins.
Oh yeah, the Starcraft tournament... I wish I knew Starcraft in 2011.
Bitcoin really said "fuck you, Starcraft" in the upcoming days. Imagine listing the dollar as prize in the first three places, and then for the poor little guy who came fourth, 25 useless "BitCoins". "He can't spend them anywhere!" they must have said.
Yeah, it's like a consolation on them and then just probably thought of what the heck they can do with these bitcoins since it's likely that there were just like few exchanges back then.
It would also be hard for me to hold them even if the price goes above 20$. There will be more wealthy bitcoin persons if people knows that bitcoin will come this far. Though there are people who hold them and store them future, like now, there was no strong community back then, so I think almost everyone sold their bitcoin from that tournament.
My theory is majority of people who got rich from bitcoin they forget their wallet and later they restore it LOL
Yes, there are those people like the Winklevoss Twins and the other early adopters. But knowing that they're gamers, I myself is a gamer and don't really think of matters like this. Those gamers might be younger back then and all they want to have is to play and never think of investments or assets like bitcoin just as they've received them. And as for those people that have completely forgotten their wallets and still wrote back then their seeds, they probably never expected it to grow in today's time or even for the past years.
How I wonder what would be my life if I find this tournament that time and participated and become last place
what would be the feeling of that least winner if he find the value of Bitcoin today considering if he forgot the bitcoin and just recover it today.
this would be the biggest prize ever given if being held today in a single tournament .
_______________________________
25 bitcoins , lol even if its 1 bitcoin is more than enough to take home today .
Just like with what I am saying, you're likely to sell those on that particular time. Nobody knows what will be the future would like for bitcoin. Yeah, 1 bitcoin is more than enough today and how much more for 25 bitcoins but that's back then and the value was lesser and only about two digits.
It's unlikely that they kept their coins theg must have sold as soon as the price rose.
Back then the traction of Bitcoin wasn't like it was today, just look at it the same way we view altcoins, as soon as the price of an altcoin that we are in possession of rise, I'm sure that 75% - 90% rush to sell to make profit that was how Bitcoin was back then most persons didn't believe Bitcoin would become what it is today. Even most of the people that claim that they were able to hodl theirs are those people that just abandoned their wallet without even having a single hope if it's going to worth something or not. If it was me I would sell off mine as soon as a single unit becomes $50 -$70
It's either sold as soon as possible or they've lost it just like what the others are saying. Nobody cares on how to keep their private keys but salute to those that have kept them for more than a decade and bought it wisely before it's grown a lot. We even sold on $1k, $10k, $20k not knowing that by 2021 bitcoin would reach another milestone and ATH of $69k.
Yeah, I remember that. I was talking about that with my friends recently, this might be the first time when I heard about BTC maybe. How much time has passed since then...
Seriously? Wow! Did you bought back then when you've heard bitcoin during that time?
Maybe the organizer of the starcraft tournament was already into bitcoin before and saw potentials on it? They then say that maybe it was a good idea to include it in the prize but to make things interesting, they only award it on the last placers. They probably know that not many people knew Bitcoins that time but if some of those last placers know then they won't feel totally bad about it.
Bitcoin is not a secret anymore and many people are now into it but we are only wondering on why it wasn't included as one of the prizes even as a consolation prize only. Hmm? What could be the reason? But I think that was also the reason. Bitcoin is not rare anymore and anyone can just use their money or their cash prize to buy it.
It's possible that the organizer is already aware of bitcoin's existence thus, it's given as a consolation prize. I'm also thinking on how much the organizer or donator of that prize have got by that time. Maybe just more than a hundreds or even a thousands. It would be an amazing search if there will be like authors or news agencies to follow up news like this and have it covered as a content just like what they've covered with laszlo's story.
It reminds me to the signature design contest held by Yobit several years ago, which the 1st winner got 1btc, 2nd got 0.5btc, and 0.25btc for the 3rd
[1]. It might not as big as 25btc at current prize, but it obviously makes me amazed on how bitcoin growing time by time. Luckily I won the 1st prize but yeah I didn't hodl it.
We believe that bitcoin will grow, but who knew it takes so quick! It's pity on the last winner of that tournament, which they might be disappointed to not win the bigger prize, and in the second time, they regret didn't keep the amount. But perhaps they hodled for few months until its price rise a bit and got small profit, but who doesn't that lol.
[1] https://bitcointalk.org/index.php?topic=1402351.0That's true story. The same as the other contests held in the forum where a lot of bitcoins were given away and just as I've said with these receivers of 25 bitcoins, no one has ever thought on how quick the phasing and growth will be.
I have already seen this. I think not here but on social media. The point is very clear. It is the growth of Bitcoin through the years. Bitcoin was once treated as a cheap digital innovation. The demand was not strong. Only a few people knew about it and were willing to buy with a good price. So it was assigned as a last prize. It was even given away. In fact many Bitcoins were forgotten for not having enough worth.
If we look at how Bitcoin grew from a prize for the last placers to worth tens of thousands, it was so quick. There must really be something in Bitcoin.
It was even thought and said for many times as a scam currency. That's why many have heard of it as much as the early adopters but never obliged because they've heard and followed the rumors that tend to spread negative vibes so, they've missed the opportunity of their lifetime.
I didn't know about Bitcoin back then, and I haven't heard this story, so thanks for sharing it. Of course, very few people could imagine where Bitcoin would end up in a matter of several years, but it's cool that someone tried giving BTC away as prizes, even if it was for the last prizes. It might be among the very early cases of using Bitcoin. But like the op and some others, I don't think I would have had the patience not to sell the minute it starts costing something measurable.
You're welcome, this is just one of the many old but gold stories in the community. Props to the organizer or donator who have given it as a prize as I think he's got one goal for that time and that is to give some exposure for bitcoin. And many in our community today is doing it so that many people that are still not aware of bitcoin will have an idea to search for more information about it.
