What was he doing with 0.48 cents?

[LDL]

Sold 160 bitcoins at $0.003 per bitcoin, the lowest price in bitcoin history. The incident took place 13 years ago today i.e. on 19 February 2010. Someone sold 160 bitcoins for just 48 cents at the lowest price.

Now my question is what did the man do with only 48 cents.

https://twitter.com/pete_rizzo_/status/1627626818390859776?s=19

Today bitcoin price $23100 at my post time
13 years ago bitcoin lowest price $0.003
Now price pumped=23100/0.003=7700000=7.7M times than 2010

[Nwada001]

He probably wasn't doing anything with 48 cents, but when you are holding something you don't believe in, it becomes fun to toy with it. I believe he just traded it for that low amount to get rid of it or to make a transaction with it and see how it works. 
He probably will be on his deepest regret right from the time when the bitcoin price started to sparkle and shock all unbelievers. 
We all wished we were opportune to have the idea of bitcoin 10 years ago, but even if most of us had that opportunity, we would have probably sold out before the price pump. It was just a few people back then who actually believed in Bitcoin, a currency you can't physically see. It was hard to convince someone back in those days, but it's easier now because people have seen the proof.I don't blame those who have made such huge mistake in the past thou. 

[digaran]

To answer what did the man do with 48 cents? He probably gave it to 50 cent to help him to become a successful rapper and went on his own way of becoming bitcointalk admin. Lol.

[cafter]

Sold 160 bitcoins at $0.003 per bitcoin, the lowest price in bitcoin history. The incident took place 13 years ago today i.e. on 19 February 2010. Someone sold 160 bitcoins for just 48 cents at the lowest price.

Now my question is what did the man do with only 48 cents.

https://twitter.com/pete_rizzo_/status/1627626818390859776?s=19

Today bitcoin price $23100 at my post time
13 years ago bitcoin lowest price $0.003
Now price pumped=23100/0.003=7700000=7.7M times than 2010

we cannot determine potential of any project at there initial stage that it will successful or not ,

if you were at that place you would also sold that bitcoins to save your 48cents to buy some snacks,

maybe the owner will poor enough to sold for 48cents , and today if he is alive than , how regretful he is.

[ajiz138]

In 2010 a lot of people didn't know that bitcoin was going to explode like it is now maybe they thought it was like a shit coin back then, and maybe also he used to try to sell coins because basically bitcoin is very low so it's normal I think selling 160 BTC for a few cents.
If he saw the potential of bitcoin now of course there would be some regrets about why he wasn't on hold but that was all no one knew back then that bitcoin would reach as high as $69k ATH in 2021.

Laszlo bought a Pizza with a bigger 10k Bitcoin so I thought at the time it was very reasonable to sell very cheaply.

[panganib999]

Back then people weren't really thinking of bitcoin of getting that big in value. To them bitcoin is merely another form of payment they can use primarily online. Just take that guy who bought a box of pizza using his bitcoins, the amount of which would've made him affluent many times over already. He doesn't regret, at least that's what he says, because you won't really suspect bitcoin of becoming a great store of value when its main directive is to act as a form of seamless long-distance payment channel.

Sure, to look back at your 48 cents becoming millions now may make you regret a few life choices but then again, that doesn't mean it's the end of the world. You can always invest in bitcoin again and with the way things are holding up you can easily expect profits to come.

[Stalker22]

Well, ten years from now, someone might say, "Hey! Check it out, this idiot sold 0.1 BTC back in 2023 for only $2,000 and some change! Can you believe Bitcoin was worth only $23k back then?" 

[aoluain]

you have to know that 13 years ago Bitcoin was new, it was a concept, viewed as an
experiment, Thousands and thousands of Bitcoin were given away FREE in airdrops
to help promote it so I wouldnt read anything into the sale of 160 Bitcoin. It was what it was
and at a different time.

People are still selling Bitcoin today, will we look back in 13 years from now when Bitcoin
is $1,000,000 and question the actions of today?

[The Cryptovator]

Answering this question is difficult, because this same question would come back to us later ten years. Bitcoin wasn't truly developed to make you wealthy, though. It had quite different intentions. When Bitcoin's last bull reached $70K, ten years ago no one could have predicted it. After that, it fell back below 20K. But, a lot of folks are still waiting to dump more. As a result, everyone has distinct ideas. On the other hand, there is someone purchasing and someone else selling. I can state that the seller didn't think the price would increase at this rate. He was however not a stupid, otherwise he would not have purchased Bitcoin. Nobody knows if he had accumulated more after selling. Perhaps he was trading himself.

[Dunamisx]

Now my question is what did the man do with only 48 cents

Time and value determines, by then, things were not as they were today, the value of it worth wasn't as high as when it was 2010 and beyond even till present, the same thing will also be applica if someone buys now and later after some years others discover if they had been holding or what they would have use the money for when they buy or sell at that rate, in this man's case, we cannot be sure what he did with it buy would have learnt the reason why he made that decision.

Today bitcoin price $23100 at my post time
13 years ago bitcoin lowest price $0.003
Now price pumped=23100/0.003=7700000=7.7M times than 2010

Should we also assume in the next round of another 13 years that bitcoin could have been at about $500k or more with what we can perceived from the past indications on bitcoin price.

[cabron]

13 years ago and we are talking about it. He said that BTC was substantially overpriced at $0.05 so he does have the chance to sell at $0.05 each.

I'm not sure either what he is doing with $0.48. It's easier to think there weren't many people in the market buying and selling during that time. Probably just testing around, I bet he got more than 10K BTC around that time and he just sold 160BTC, he must have considered it dust 13 years ago.

[Slow death]

well, you can't always be looking at the past when it comes to investment, I mean that we shouldn't think like this: "why didn't I invest in thing x in the past? today I would have profited a lot " this is a dangerous thought, until the 10 years ago in my country, with just 1$ I could buy a lot of things to eat, but today that is no longer possible, everything is expensive, but I don't think about the past that way. this guy who sold bitcoin for this very low price should not be tormenting himself, he should forget about it and move on, he can buy now and sell in 3 years with a profit, bitcoin is here for long years so he can buy on the day and time you want and do hodl and get profit

edit:

13 years ago Theymos sold 160btc at $0.003 per 1, lowest price ever recorded

 

[digaran]

48cents to buy some snacks,

maybe the owner will poor enough to sold for 48cents , and today if he is alive than , how regretful he is.

Yeah after he bought the snacks he realized his mistake and applied for administration position in a forum to suffer for the next 13 years of his life from the hands of people like you and me.
He is very well and alive though, we all are posting on his forum. And I'm sure he was never poor and never will be God willing.

[NicNacCoin]

Sold 160 bitcoins at $0.003 per bitcoin, the lowest price in bitcoin history. The incident took place 13 years ago today i.e. on 19 February 2010. Someone sold 160 bitcoins for just 48 cents at the lowest price.

Now my question is what did the man do with only 48 cents.

https://twitter.com/pete_rizzo_/status/1627626818390859776?s=19

Today bitcoin price $23100 at my post time
13 years ago bitcoin lowest price $0.003
Now price pumped=23100/0.003=7700000=7.7M times than 2010

13 years ago if he had taken bitcoin predictions so seriously he would never have sold 160 bitcoins for only 48 cents. He made history by selling 160 BTC for 48 cents 13 years ago at the lowest price in Bitcoin history.

13 years ago bitcoin lowest price was $0.003 /BTC
13 years later now bitcoin current price $23000/BTC
Now he gets=160×$23000= $3680000

[CoinEraser]

Now my question is what did the man do with only 48 cents.

I think he wasn't interested in fiat money per se, but he wanted to show that bitcoin has a real use and that bitcoins can really be exchanged for fiat money. In 2010 bitcoin was still quite new and every trade was certainly something special. No matter how much those bitcoins brought him in fiat money. Let's face it, what could he have done with the 48 cents? As good as nothing. So my opinion is that it was more about the symbolism in this trade. Bitcoin is where it is today thanks to pioneers like him. 

[acroman08]

Now my question is what did the man do with only 48 cents

probably nothing because what exactly can you do with 48 cents even if it is in 2013? the guy was probably just curious about bitcoin and the technology and doesn't really think of making much money out of it(at least at the time). what I am curious about is if that person ever decided to buy bitcoin or mine and hodl.

[uneng]

There are many things that he could have acquired with 48 cents, but I think his point must have been to execute a bitcoin sale transaction for curiosity or educational purposes, to see how it works on every stages of the process. Thinking about it right now it looks absurd, but on that time it should have looked a pretty basic, cheap and casual experiment.

[famososMuertos]

It is the essence of bitcoin before, now and perhaps always, to make a transaction.

 The amount involved at any time is irrelevant what is important is the transaction.

 You cannot limit yourself to that very poor thought of the amount involved, even today, perhaps the same comparisons will be made in 100 years.

[Yatsan]

He's just wrong from doing so at the present simply because the market price is way higher than before. But think of the situation on that exact year when he sold it; he won't be wrong. Many people are quite laughing or shocked of what he did. Same thing goes with the man who traded his bitcoin holdings for pizza. Idea is; no one would expect the market price would be as high as with the present or previous ATH especially if we would be talking about years of progress. Same thing goes with investing at this point to a new project token. If it won't show progress, would you be still holding it for a decade or more? Some probably would, but that is due to the idea that we've seen its possibility to be profitable from the tokens before. But if not, for sure you'd hesitate.

[drwhobox]

Now I want to ask why everyone sold doge or other coins at so low prices.
Yes, I know doge is a meme coin and it will not gain much time the buying price was also low, so you sold the coins at such a low price.

!2 years ago how many of the people knew the potential of bitcoin and who thought that bitcoin will even go to 100$. The person who sold bitcoin maybe one of those who was not lucky to hold the coins unintentionally or intentionally.