Post
Topic
Board Bitcoin Discussion
Re: If you spent $500-$1000 on bitcoin in 2009-2010
by
Yatsan
on 04/02/2024, 21:16:44 UTC
Let's say you were the 2nd person to mine bitcoins besides Satoshi himself. Every time someone else mined bitcoins besides you and Satoshi you bought them.
There's no guarantee that they would sell to you.

You'd probably have about $500-$1000 into bitcoin by now... and you'd own like 5 million bitcoins... no one else would bother to mine them then, you'd own all the rest of the bitcoins besides Satoshi's who disappears in 2010 and then you disappear in 2011 with your 5 million, no one remembers what bitcoin is and you'd have a net worth of 0! yay
What would be the rationale behind doing that?
Even if you could someone acquire 5 million units of bitcoin, which is almost impossible, and disappear with it, it just makes the rest of the bitcoins more expensive.
Too conclusive. It will alwas be bought in exchanges or even with p2p selling of it. Although being rhetorical is the main thing here, the question should be would you be buying it all with that mentioned amount back on 2009, will you really believe that the market price would be fine or higher than what peop have expected even before. There's a reason why it would be an impossible purchase and that's the price of it before. Some people even forgot where did they put their crypto assets in because the value before was not even getting the right assumptions of it. If it is really being hopeless before then things are different right now.

The logic as we all know; price reached multipe ceilings. When it was still at $10k people are afraid to purchase. When it reached $60k people are hoping for a price correction. Then when a sudden decline happen, people would still wait for things.

What am I trying to point out, is that no matter how we desire of things at the present from this cited instance, it would only be the investor to decide what's best for your feat. Enough with regrets and what ifs, 'coz if really want to invest then go.