Post
Topic
Board Bitcoin Discussion
Re: How I Missed Out of a 10 Year Bitcoin Investment Plan
by
mynonce
on 29/12/2021, 23:40:47 UTC
You've heard of people who had early opportunity with the Bitcoin but missed it? Well, I'm probably one of them.
...
What's your current plan?
To tell you two more stories  Smiley

I believe, there are many stories like that today as the crypto users before didn't have any idea that they will see the bitcoin's price this high...

One of the best ... maybe you remember  Smiley  ...

Back in 2010, Joey Rich opened a thread http://bitcointalk.org/index.php?topic=987.0:
Quote
BuyBitcoins.com is back online.  Right now you can buy bitcoins with a credit card, or through paypal.  Currently 50,000 bitcoins are for sale at a rate of 15 bitcoins per dollar (0.077 dollars per bitcoin). Payments must be between $4 and $1000 dollars.

-Joey Rich
https://www.buybitcoins.com

50,000 BTC for sale - 15 bitcoins per dollar (0.077 dollars per bitcoin)
2010: ~ 3,000 USD
2021: more than 2 billion USD



I believe, there are many stories like that today as the crypto users before didn't have any idea that they will see the bitcoin's price this high...

Or that one: also back in 2010, a user auctioned 10,000 Bitcoin, starting bid was 50 USD for all 10,000! And to find a buyer he wrote: 10k BTC are currently worth ~65.50 USD
http://bitcointalk.org/index.php?topic=92.0
Quote
Hi,

I want to make a little experiment here:

I want to auction 10,000 BTC off, starting bid is 50 USD.
...

There were no bids, then one user:
https://bitcointalk.org/index.php?topic=92.msg829#msg829
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I know this is well below your starting bid, but since no one has taken it yet I'll offer $20.

Another user who was interested:
https://bitcointalk.org/index.php?topic=92.msg840#msg840
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$50 is somewhat of a high starting bid considering there is over ฿22,000 available for not much more per bitcoin than your starting bid. Not to mention that realistically there's probably a lot more than ฿22,000 available because if somebody bought a bunch of those bitcoins, I'm sure some people would step forward to sell more bitcoins. Anyway, I'll bite for sake of the experiment. I bid $25. How about you change the minimum bid to $30 and tell us a maximum time between bids. Perhaps three days?

Do you know what happened? Nothing, they discussed but nobody wanted these precious 10,000 BTC. 50 USD were too much, 20, 25 or 30 USD would be ok!

https://bitcointalk.org/index.php?topic=92.msg865#msg865
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Auction is over.
Since nobody has made the starting bid, the bitcoins do not change their owner.

Today's value: ~500 million USD