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Look at the volumes on www.bitcoinwisdom.com, www.bitcoincharts.com/charts/bitstampUSD, etc. and you might be able to approximately gauge how many BTC could have been bought/sold at that time. Don't torture yourself too hard - for all you know, you could have ended up losing your whole stash in Gox, sold it when it was crashing back to $2 in 2011, or invested it in some scam or Ponzi scheme. Don't be too hard on yourself!
Very, very true. I also took into consideration the fall of Mt. Gox and the thousands that were affected by that. I could have easily been one of those people. Also, knowing my tendencies as far as my stock trading, I probably would have sold it in the $100 range in early 2013, making the total much less than the amount I keep kicking myself with.
Hey, welcome!
Here's some input from the guy who made the first purchase with bitcoin:
Read his last posts: https://bitcointalk.org/index.php?action=profile;u=143;sa=showPosts
Here's some input from the guy who made the first purchase with bitcoin:
I spent it all on pizza long ago: https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4
3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza. I mean people can say I'm stupid, but it was a great deal at the time. I don't think anyone could have known it would take off like this.
Laszlo
3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza. I mean people can say I'm stupid, but it was a great deal at the time. I don't think anyone could have known it would take off like this.
Laszlo
Read his last posts: https://bitcointalk.org/index.php?action=profile;u=143;sa=showPosts
I am indeed aware of the famous pizza trade. I've seen the 'idiot' and 'stupid' comments everywhere but its easy to say that in hindsight. That trade is famous today in alot of ways but mainly for the fact that it validated Bitcoin as a currency.
Thank you all for your insight, all I can do now is look to the future.
Hello everyone,
This is indeed my first post and right in time as my interest in Bitcoin grows everyday the closer I get to a salary position after graduation which will provide me with the necessary capital to begin investing.
I just had a scenario I've been torturing myself the past 8 months since I began digging deeply into this new currency that I was hoping to get some insight on from older users or those more familiar with the early days of bitcoin.
As far as I know, the value of Bitcoin back in early 2010 was "trading" at around $0.005 USD/BTC. What I don't know is how accessible or how easy was it to buy Bitcoins in the 10,000 quantity range? From my understanding, not many were selling and these Bitcoins were owned by those involved in the early mining process(where difficulty was low).
Furthermore, how likely was it that someone could sell Bitcoins in this same quantity (10,000 BTC) in late 2013/early 2014 when the exchange rate soared at $1,000 USD/BTC? While I read that a sale of 194,993 BTC was made for a total of $147 Million USD, I can't imagine that there were many players in the emerging market that could pay out such large sums of money for similar size trades.
Seeing that at the time of 2010, I was 16 and a young CS enthusiast I could have seen the benefit of an anonymous, decentralized currency free from the tyrannical currency manipulation of government. I keep torturing myself with this idea that I could have made out big with an early investment in Bitcoin.
Thanks and I appreciate some insight on the marketability of Bitcoin in this period of 2010-2013.
This is indeed my first post and right in time as my interest in Bitcoin grows everyday the closer I get to a salary position after graduation which will provide me with the necessary capital to begin investing.
I just had a scenario I've been torturing myself the past 8 months since I began digging deeply into this new currency that I was hoping to get some insight on from older users or those more familiar with the early days of bitcoin.
As far as I know, the value of Bitcoin back in early 2010 was "trading" at around $0.005 USD/BTC. What I don't know is how accessible or how easy was it to buy Bitcoins in the 10,000 quantity range? From my understanding, not many were selling and these Bitcoins were owned by those involved in the early mining process(where difficulty was low).
Furthermore, how likely was it that someone could sell Bitcoins in this same quantity (10,000 BTC) in late 2013/early 2014 when the exchange rate soared at $1,000 USD/BTC? While I read that a sale of 194,993 BTC was made for a total of $147 Million USD, I can't imagine that there were many players in the emerging market that could pay out such large sums of money for similar size trades.
Seeing that at the time of 2010, I was 16 and a young CS enthusiast I could have seen the benefit of an anonymous, decentralized currency free from the tyrannical currency manipulation of government. I keep torturing myself with this idea that I could have made out big with an early investment in Bitcoin.
Thanks and I appreciate some insight on the marketability of Bitcoin in this period of 2010-2013.