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Author Topic: If you Knew About Bitcoin in 2010 Would you Really Have Been a Millionaire?  (Read 197 times)
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January 16, 2026, 05:07:22 PM
 #21

You should understand that most Nigerians at that time did not know about Bitcoin and the digital currency did not have much influence in Nigerian society. Still, if I, as a Nigerian, had been fortunate enough to know about Bitcoin at that time and had been able to hold on to it patiently, I would have definitely become a millionaire. But the point is that when Bitcoin was created or in 2010, not many people knew about Bitcoin and no one could have understood the future potential of this currency, so even if we Nigerians had Bitcoin at that time, many would have sold it for a small profit and many would have sold it before the price skyrocketed. However, it is true that some Nigerian Bitcoin OGs are probably benefiting the most because they have been holding Bitcoin ever since.

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January 16, 2026, 05:30:55 PM
 #22

Maybe, can't fully say yes, although very likely, not exactly 2010 or the first year or two after Bitcoin was created, possibly at the time when Bitcoin started getting recognition.

If I hadn't bought Bitcoin, maybe i would have earned some through faucets, perhaps along the line i will buy.

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January 16, 2026, 06:46:21 PM
 #23

You should understand that most Nigerians at that time did not know about Bitcoin and the digital currency did not have much influence in Nigerian society. Still, if I, as a Nigerian, had been fortunate enough to know about Bitcoin at that time and had been able to hold on to it patiently, I would have definitely become a millionaire. But the point is that when Bitcoin was created or in 2010, not many people knew about Bitcoin and no one could have understood the future potential of this currency, so even if we Nigerians had Bitcoin at that time, many would have sold it for a small profit and many would have sold it before the price skyrocketed. However, it is true that some Nigerian Bitcoin OGs are probably benefiting the most because they have been holding Bitcoin ever since.

In 2010, I don't have a laptop or PC of my own, the only phone I had then was Nokia C1, I think Nokia was dominating Africa then as number one phone producer. With all the information available, I don't think to do most of the things OP was talking about will be possible because to own a wallet address will be hard that time except if you decide to use a paper wallet then, that's the only thing my phone can do but to buy, I don't think my phone could do any of those.

We were behind with technology that time, how many house hold in Nigeria can be bold to own a laptop that time, if you do then it's for studies and maybe for family function, that's the main purpose of a laptop and PC. Anything other than that, your parent might consider you to be doing anything. Imagine using family PC to mine Bitcoin, you are in big problem that day. I don't think data was even cheap that time to use PC to mine that time.

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Makus
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January 16, 2026, 11:47:07 PM
Last edit: Today at 12:23:31 AM by Makus
 #24

no one actually expected this as at 2010, those that benefitted from it had started their investment quite early. There is this popular guy from the United States that kept on talking about investing in bitcoin back then but alot of people didn't pay attention to it.  I knew about bitcoin back then but I doubted  it's potential. But this is actually wishful thinking, now is time to start focusing on accummulating more bitcoin because in the long run because in the long run a lot people are not going to take advantage of the opportunity they have

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Today at 09:30:03 PM
 #25

I was not part of the people who knew Bitcoin as of then. And there was different between known bitcoin and investing in it. People knew Bitcoin as of then but they thought it was one of those Ponzi scheme. From news, bitcoin became popular from 2015 and 2016. But what you said is the truth, as of then the price of Bitcoin was very low so if someone notice it earlier and invested by now those people would have making cool money with investment.

In 2010, the price of 1 Bitcoin was $0.39 and dollar to naira exchange was #150 so if someone used $10 to buy Bitcoin as of then he would have enough Bitcoins now and he would be a billionaire.

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