Current Events > Bitcoin cost 8 cents each in July 2010.

(+) Yeah! (+)

If you invested just $20 back (Equal to 250 BTC) then you could cash out with over 4 million today.

Crazy huh?
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*Checks bank account*
*Only has $36,000*

Sigh...
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that's not crazy that just makes me sad inside
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Same. Hindsight is a bitch.
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I was told about Bitcoin in full detail a few years ago when it was like $275 per coin. I thought it sounded like the perfect investment and perfect way to save money to the side and have it grow exponentially because I knew the price would definitely go up.

Then it dipped to around $100 and instead of investing like a smart person I was like "yup, it was a bubble, it's over." Never bought any, and forgot all about it.

Now everyone is talking about Bitcoin and it sits at nearly 20k. And boy do I feel like an idiot. I could have multiplied any money i invested by like 20 almost. Instead I've blown all the money i ever had and now feel like someone who should have invested in google
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sad

I'm pretty sure everyone "regrets" not buying it because most didn't really care to know how
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there was no way to actually buy bitcoin back then tho. You had to mine it.
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imagine mining hundreds if not thousands of them back then

I used BTC back then when it was around 30 cents to purchase, "exotic goods."

I try not to think about it too much since there were times I had 300-400 BTC in my wallet.

WalkingLobsters posted...

there was no way to actually buy bitcoin back then tho. You had to mine it.

You could buy them. You would have the seller put them in an escrow system then youd wire them the money through a bank.

Did nobody buy hardly any of it back then? I feel like there should be thousands of Bitcoin millionaires...
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I still don't understand what makes bitcoin valuable. Like who cares if you have a save file or whatever it is
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Pepys Monster posted...

*Checks bank account*
*Only has $36,000*

Sigh...

dont sigh too much, you're still doing better than almost all of america.
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what makes bitcoin so valuable though? if it is online currency, then are there stuff online that you can only buy through bitcoin? like what?
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lolamericans posted...

what makes bitcoin so valuable though? if it is online currency, then are there stuff online that you can only buy through bitcoin? like what?

It's not part of a centralized bank
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3khc posted...

I still don't understand what makes bitcoin valuable. Like who cares if you have a save file or whatever it is

Desirability and trust in the market. What makes dollar bills worth anything since its just paper and there is no gold standard to back its value anymore.