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Ziskinberg
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November 18, 2024, 08:13:51 AM
 #21

Anyway, my wild guess would be over $800 billion because the lowest price record in 2010 is $0.06 per bitcoin, so since its 2009 it should be lower than that. That said,  you will beat satoshi in terms of holdings.  Smiley

just look at the price here. https://99bitcoins.com/bitcoin/historical-price/
Regardless of the value, if you have that much bitcoin back then would you have held on to it? Probably not since bitcoin was primarily used to be a transaction currency and it wouldn’t make sense back then if you held on to it for no reason.

And even if you did held on to it until it got to exchanges and was being valued already, who’s to say if you won’t sell them at the earliest opportunity? Lots of what if’s here.

Honestly, I’d probably get tempted to sell since I’m not rich. Maybe, I couldn’t even afford to buy $1,000 worth of Bitcoin back then because it was more of an experimental phase. Those "what if" scenarios are tough to answer because we’re not actually in that situation. Even super-smart people like Elon Musk didn’t buy Bitcoin during its early days, so how could we, right?

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November 18, 2024, 08:16:13 AM
 #22

For some reason that calculator didn't work for me. But hindsight is 2020 vision! I had the chance briefly before Bitcoin was long forgotten in my memory to buy Bitcoin in NY in 2010. I was about to put $20 into it but someone stopped me and on that day the price was .12 cents per bitcoin. IF I would have bought then today I might have had 167 coins and that translates to $15,030,000 at today's exchange rate. Safe to say I effed up lmao only $20 invested would net you 15 Mil today! Think about that, that's nuts.

You got the thought of it then - you got lucky to see it grow to the heights of today, and for that matter -you are much more knowledgeable for that reason, knowing what came of it in the end.
You are still a legend for pulling through till now and seeing how BTC evolved over time to where we are now.
Still - nothing to mourn there, because in the end - it's never too late for BTC.

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November 18, 2024, 09:32:02 AM
 #23

Anyway, my wild guess would be over $800 billion because the lowest price record in 2010 is $0.06 per bitcoin, so since its 2009 it should be lower than that. That said,  you will beat satoshi in terms of holdings.  Smiley

just look at the price here. https://99bitcoins.com/bitcoin/historical-price/
Regardless of the value, if you have that much bitcoin back then would you have held on to it? Probably not since bitcoin was primarily used to be a transaction currency and it wouldn’t make sense back then if you held on to it for no reason.

And even if you did held on to it until it got to exchanges and was being valued already, who’s to say if you won’t sell them at the earliest opportunity? Lots of what if’s here.

Honestly, I’d probably get tempted to sell since I’m not rich. Maybe, I couldn’t even afford to buy $1,000 worth of Bitcoin back then because it was more of an experimental phase. Those "what if" scenarios are tough to answer because we’re not actually in that situation. Even super-smart people like Elon Musk didn’t buy Bitcoin during its early days, so how could we, right?
The problem then wasn't about affordability, anyone whether rich or poor could afford bitcoins then. Remember that the first ever transaction made with bitcoin in 2009 was where 5,050 bitcoins was sold for $5.02. This is very cheap, now imagine how much 1000btc would worth then, it might literally have no value in the minds of many.

The problem then was that people had no trust in bitcoin, they never believed that that insignificant creation by Satoshi nakamoto could grow to be what individuals, corporate bodies and even countries would be aiming to have today. Just as you have said, anyone who had that much bitcoin then would sell without thinking twice because bitcoin had an insignificant value then.


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November 18, 2024, 10:59:08 AM
 #24

The problem then wasn't about affordability, anyone whether rich or poor could afford bitcoins then. Remember that the first ever transaction made with bitcoin in 2009 was where 5,050 bitcoins was sold for $5.02. This is very cheap, now imagine how much 1000btc would worth then, it might literally have no value in the minds of many.

The problem then was that people had no trust in bitcoin, they never believed that that insignificant creation by Satoshi nakamoto could grow to be what individuals, corporate bodies and even countries would be aiming to have today. Just as you have said, anyone who had that much bitcoin then would sell without thinking twice because bitcoin had an insignificant value then.

Now people can see what they could get, and the FOMO is just insane from it.
We shouldn't miss what we lost - we should cherish what we experienced and get better from it, using whatever is necessary.

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November 18, 2024, 11:48:35 AM
 #25

Now people can see what they could get, and the FOMO is just insane from it.
We shouldn't miss what we lost - we should cherish what we experienced and get better from it, using whatever is necessary.
True, we have to appreciate what’s here now because we can’t turn back time. If only a time machine were real, the first and only thing I’d do is buy Bitcoin and memorize that private key for the future ...lol. But seriously, dwelling too much on the past won’t help; it might even keep us stuck, filled with regret for not buying sooner.

Like me, when Bitcoin was just $500, I didn’t start buying either. And even at that price, it had already gone up x180 now... See, just imagine the profit I could’ve made if I had jumped in back then. But as they say, what’s done is done. We have to move on and focus on the opportunities ahead.

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November 18, 2024, 12:56:44 PM
 #26

If someone in the u.s. bought 1000 usd worth of bitcoin on february 19, 2009, how much would that be worth today??

On a quick one, bitcoin introduced into the earlier 2009 and was at $0 due to not listed on the exchange yet and moreover, there was no impressive number of adoptors to evaluate its value but then, could be owned by mining with computer system to maximize the cryptography, solving and implementing technical factors of the blockchain. The they earns it as rewards.
Op, you can just imagine newly coins that are still on mining which has not been launched in the exchanges, such coins values can not be determined at that time because it can not be traded not until it is being listed in the exchange. That was a scenario of bitcoin at earlier 2009.
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November 24, 2024, 02:47:58 AM
 #27

For some reason that calculator didn't work for me. But hindsight is 2020 vision! I had the chance briefly before Bitcoin was long forgotten in my memory to buy Bitcoin in NY in 2010. I was about to put $20 into it but someone stopped me and on that day the price was .12 cents per bitcoin. IF I would have bought then today I might have had 167 coins and that translates to $15,030,000 at today's exchange rate. Safe to say I effed up lmao only $20 invested would net you 15 Mil today! Think about that, that's nuts.

You got the thought of it then - you got lucky to see it grow to the heights of today, and for that matter -you are much more knowledgeable for that reason, knowing what came of it in the end.
You are still a legend for pulling through till now and seeing how BTC evolved over time to where we are now.
Still - nothing to mourn there, because in the end - it's never too late for BTC.

Thanks m8, I appreciate the complement. It’s definitely been a fun ride for me. I am extremely bullish on Bitcoin and additional alts of course too. Very fun space to be in and paying attention to.

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November 24, 2024, 02:55:50 AM
 #28

If someone in the u.s. bought 1000 usd worth of bitcoin on february 19, 2009, how much would that be worth today??
while Best answer was given above , yet the answer is simple if that is possible form that time  , 1000 Dollars multiplied by How much bitcoin increased in the past  15 years .


and besides  is there something this can help you by any form mate? if not then lets forget about the past but instead focus in the future and use this references to buy now or be a loser forever .
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November 24, 2024, 04:35:40 AM
 #29

Like me, when Bitcoin was just $500, I didn’t start buying either. And even at that price, it had already gone up x180 now... See, just imagine the profit I could’ve made if I had jumped in back then. But as they say, what’s done is done. We have to move on and focus on the opportunities ahead.
Brother, when I think about it, I feel very sorry. I saw BTC at $800, if I had bought even a little, where would it have ended today? When I imagine it, I feel guilty. But there was nothing I could do, I did not invest, if I had invested, it is amazing to think where I would be today. However, I needed to understand more, so I did not invest. However, if any opportunity comes up in the future, these opportunities can always be noticed. The thought of investing in Bitcoin as a trusted coin affects me; if I invest in the future, I will invest in Bitcoin. Although I am currently making a small investment in Bitcoin, I will continue to hold this little bit, and at the same time, if the price of Bitcoin decreases after the bull market, I intend to invest a good portion in Bitcoin.

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