Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I entered at 140, never bought back in 2011. wasn't really good with money back then and it wasn't easy to buy coins then.
Those gains were when we were around 650. I doubt I'd collect more than 200 times gains now even if I'd sold all alts I have at highest price and that's impossible with such bad liquidity.
Buying coins in 2011 was indeed hard.
In 2011 there was gox for defining the price, and a wire transfer to Japan would take months (no joke). Building your own GPU mining rig was actually considered the #1 easiest way to get BTC.
I ended up driving to the other side of the country (this was in 2012) to trade face to face with a community member who had the patience of sending euro's to Japan.
The growth in the economic foundations (not talking about $ here) we have seen with cryptocurrencies is just insane. How many new exchanges do we have today? How more professional are they? How many new bitcoin businesses? There is so much time and value invested in the usage of this distributed ledger i have a hard time believing this could be anywhere below the current BTC market cap.
A new economy is being built from the ground up because of new technology, and it's being built extremely quick.
To be honest I wasn't extremely interested back then. I was Internet marketer and have read about Bitcoin on some forums, came here once or twice, registered to ask some stupid question, checked Gox once or twice and that's it.
I did check it few months later though, I remember going on Gox and seeing 3-4$ price and saying meh, this is over
But when I bought my first coins in March 2013. and when that bunch started to grow and grow with trading I got addicted.