Post
Topic
Board Bitcoin Discussion
Re: 12 years today since the first known price was set for BTC
by
Welsh
on 06/10/2021, 19:52:02 UTC
How times have changed, majority of people at the time had little idea at the time that this technology was going to have such a huge impact.

That was quite an interesting way to determine the price of Bitcoin, and how different the market would be if it was used today. I assume it would be quite difficult to do now as Bitcoin is now worldwide and determine a cost of electricity is not feasible, so there cannot be a definite value.
I'll be honest, I was very much one of these people that overlooked Bitcoin, albeit I got in much later than 2009. In fact, if my memory serves me correctly, I initially looked into Bitcoin, and decided not to get into it after a brief bit of research. I can't actually remember what convinced me to take a look at it again, there wasn't a awful amount of news around this time, and I was probably just looking at alternatives to payment processors.

I think it's safe to say since then Bitcoin has significantly impacted my life, even from a lifestyle point of view, and has also shaped some of my views around the banking systems, and how much to value privacy. Even things which aren't directly connected to Bitcoin.