People who mined bitcoins between 2009 to 2012

[dothebeats]

This is something that we might not know at all. There are still a lot of untouched bitcoins that were mined during those times that are sitting on wallets. This either means that their owners forgot the private keys or are just holding their bitcoins because they still have lots of money to blow and bitcoin is their active investment vehicles. Some probably cashed out in 2013 when the first ATH that sent bitcoin's price to the thousands range, and that is understandable because from nothing to $1000 is a lot.

Anyway, it's crazy to think that there was a time when laptops running Pentiums and crap processors were mining thousands of bitcoins in a day. I'm pretty sure if you bring even a 2-year-old flagship phone that carries a Snapdragon 8 gen 1 processor on that time period, it can do the same task and outperform these laptops and mine a lot more coins.

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[adaseb]

I would say that many who mined in 2009 on their laptop most likely lost it by formatting their drive, some sold it when bitcoin exchanges hit the market, and a very tiny percent of people actually held it for a few years.

Same with those who mined in 2010, most just sold it on MtGox or whichever exchange was present and the rest they sold when the bull market hit in 2012. I think a very small amount of people actually held all the way to 2024.

[cryptoaddictchie]

Not really sure if they still have bitcoins from that time. Probably some of them were eager to sold those coins when bitcoin got an attention from the world. It might be the ATH in 2017 or even earlier when they were be tempted to sold since they got it just like for free then boom after waiting it becomes hundred of thousands.  Well, if they able to hold till now, they must be millionaires already.

Dont know if theres none since there are some reports like notifications from some whales alert services that some dormant wallet are now active and able to move some bitcoin. Really jealous of those early guys who mined a lot of bitcoin. Well some say if you deserved the money it will come eventually. Satoshi holds the biggest bag of bitcoin I just wish he stays at it is cause if able to sold that surely the market will crumble.

[lovesmayfamilis]

In the forum posting history, you can find posts of those people who started mining bitcoins and also sold them at a ridiculous price. You can delve into the history yourself. But more often than not, when I return to the first posts of people who were here at the very beginning and who had several bitcoins as they described, I do not see their current presence on the forum, unfortunately.

[bitbollo]

you can use the Gaussian distribution in this case too.
At the extremes you can put: people who have lost everything and now live in poverty, or people who have earned a lot, really a lot and today live like a rock star.
I have met at least a dozen of them over the years. some of them have not changed their lives, some have started to become "influencers".
Well, there is a bit of everything, it is difficult to simplify this type of people and their reactions.

[ascqrwasc33]

Back then in 2009 - 2010 I had lots at my disposal. I was using servers to create rainbow tables to crack password hashes. It was not laziness. I took interest when bitcoin was in the news in 2009 first, could not get the miner started, maybe the windows release did not run on my XP64 system. Then bitcoin was out of the news cycle. So didn't look back at it until 2011. Really sucks for those who were awake, aware and still cold not solve a single block!!
Even with 50 BTC - one block most of us would have been satisfied, provided the coins were still unspent and keys were still accessible now.

I heard it somewhere that the only thing worse than not having is to have it and then lose it. So I guess we all who never had it are possibly in a better zone. One of the top 10 regrets of our lives.

[ascqrwasc33]

you can use the Gaussian distribution in this case too.
At the extremes you can put: people who have lost everything and now live in poverty, or people who have earned a lot, really a lot and today live like a rock star.
I have met at least a dozen of them over the years. some of them have not changed their lives, some have started to become "influencers".
Well, there is a bit of everything, it is difficult to simplify this type of people and their reactions.

This crashed my brain - https://en.wikipedia.org/wiki/Normal_distribution

So tried a video here and it disintegrated my brain matter -  https://www.khanacademy.org/math/statistics-probability/modeling-distributions-of-data/more-on-normal-distributions/v/introduction-to-the-normal-distribution

If you have a better, crisp, simplified explanation of what Gaussian distribution is please post it. Thank you.

[Mpamaegbu]

I would say that many who mined in 2009 on their laptop most likely lost it by formatting their drive, some sold it when bitcoin exchanges hit the market, and a very tiny percent of people actually held it for a few years.

It's for these reasons I feel happy I didn't know about Bitcoin then. I'm cocksure one of those would've been my lot too. I know how bad I feel whenever I remember that I bought over 200 BNB in 2017 at less than a dollar per unit but sold off before price could hit even $4. It's either I would've sold too early or the device for saving my Bitcoin would've been impracticable to retrieve it from there.

~snipped~

Satoshi holds the biggest bag of bitcoin I just wish he stays at it is cause if able to sold that surely the market will crumble.

I believe whoever that's behind the Satoshi persona won't want to push all to the market at once if they decide to make the rumoured wallet said to belong to Satoshi active. It will surely be a quiet and gradual sell off.

[OcTradism]

I know how bad I feel whenever I remember that I bought over 200 BNB in 2017 at less than a dollar per unit but sold off before price could hit even $4. It's either I would've sold too early or the device for saving my Bitcoin would've been impracticable to retrieve it from there.

Joining anything too early means risky and carelessness.

People did not care about their bitcoins, private keys years ago and lost theirs. You did not realize potentiality of BNB and lost it, sold it at cheap price more accurately.

Binance did BNB airdrop 500 token for each accepted participant.

In 2017 Binance, a then newly-established centralized crypto exchange, decided to give this strategy a try. Binance distributed 500 BNB tokens to anyone who simply signed up for the airdrop.

Here’s the math behind it. The BNB token was worth around $0.10 at that time. So, everyone received around $50 worth of crypto.

$50 is a good airdrop value in 2017 but if any person hold BNB token till 2024, they are rich now.