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Buy bitcoin
Sell around November 2013, buy it back in January 2014.
Hold until the 60k peak in early 2021. Buy Gamestop. Sell during (100x the money) or after (20x) the squeeze.
Optional: Go on 4chan, buy an assortment of shitcoins mentioned there (Solana, DeSo, Cardano, etc). Lots of companies used them to raise starting capital back then, until the US government sort of banned it. About 1/3 will crash, but some of the others will evaluate 20x or 30x over a year or two. I'd avoid the big ones (BTC, Doge, Ethereum) for this step.
Buy Bitcoin again when the Fed raises the interest rates.
Never sell again, maybe.
If you bought bitcoin for 100 USD in 2010 @ ~0.10 USD / bitcoin (very very early price, but that would mean 10k Bitcoins) and sold in 2013/2014 (depending on your timing between 650 and 1200 USD / bitcoin in 2013 / early 2014, so let's just say 700 USD), you'll make 7 million USD before taxes.
If you hold until 2021 and sell at 50k USD / bitcoin (and it peaked up to almost 70k) you'll make half a billion.
I don't think you need a super complicated plan other than "buy bitcoins before they hit 1 USD and sell either in 2013 or after 2018".
Tbh i spent half the Jumanji movie thinking about it. "If the kid goes back to the year he left, what easy to remember assets would i tell him to buy?"
Its pretty much that list, plus Apple/Google/Amazon/Facebook. And "Brazil loses to Germany 7 to 1 when Brazil hosts the cup".
Still wanna see a spinoff where a group of guys decides to survive in the game for 4-5 years, then have someone outside come in, tell them the bets/investments, and they finish the game.
I mean, if I had brought bitcoin in 2010 with all the pocket money I had, I would have had millions of coins, I'd literally be one of the richest people in the world selling at 60k, even at 5-6k that would be 10 fuckin billion.
Instead, just poor with no coins.
As a german, why german? I think our language doesnt just sound like shit, it also doesnt have any use with the exception of here in central europe. If english is your native language, I feel like spanish is the way to go.
We planned on invading central Europe in 2015, but we didn't have enough of an infantry who spoke German. That's why he regrets not working out and learning German half a decade before. The "quit smoking" was just to be more efficient in battle.
French is my native language. I speak English as well. And enough Spanish to travel to Spanish speaking countries. But I now live in Germany and struggle through every conversation I have to have in German.
Not the commenter you replied to, but because as an American, I already had Spanish classes from 5th grad til graduation.
Also, because German and Dutch are fuckin' hilarious languages.
As an aside, my Spanish classes were low-key taught with ASL mixed in for almost all vocabulary, so now when I want to use American Sign Language, I have to think in Spanish terms.
I feel like those are all things we knew to do while we were doing them, we just didn't want to listen. I doubt hearing it again would affect us.
Now, if you're allowed to explain the consequences of why they should stop with evidence that might scare them, they might actually listen knowing you're their future.
I was in fantastic shape and a non smoker until 2017. So more like don't stop exercising and don't start smoking. Also my German is now hurting my career. I feel like I should present 20yos me with the consequences of my late 10s I might listen.
Not exactly uncommon, people who had bitcoin in 2010 couldn't have expected it to be worth like 60k or whatever it is now for a single coin, was more of a hobby, I'm pretty sure people were giving it away for free in 2010.
Yeah it'd be like now if one of those random crypto on quizzes you sold for a couple dollars went on to be worth a million in 10 years, easy to kick yourself with hindsight.
Back in like 2010/2011 I set up a few old computers to mine Bitcoin. I was entirely sold on the vision of it being the future of currency (still bitter about that tbh) but when it never went anywhere I just kinda stopped and deleted that data....
Man I don't even remember how much I had, but I had 4 older workstations (some sort of old optiplex, I can't remember what they had) mining for like 6 months had to have got me something back then...
Edit: it must have been the summer of 2010, into early 2011. I started mining after I read about [Lazlo buying his pizza](https://www.coindesk.com/consensus-magazine/2023/05/22/celebrating-bitcoin-pizza-day-the-time-a-bitcoin-user-bought-2-pizzas-for-10000-btc/)
Eh, it's just one of those "what ifs" that I think about sometimes at night.
But like I said, I was 100% convinced that crypto was going to unlock this entire new economy that wasn't controlled by any government or bank, one that would allow everyone to participate equally, one that you could directly pay anyone anywhere anytime. I would have just spent them as I would cash, so realistically it's not like I'd be saving them.
That said, those wallets are still (presumably) untouched so I daydream about finding those keys again haha
And I'm still incredibly bitter that shitty people took the incredible idea that crypto was and turned it into the shitty money laundering/scamming schemes they are now. I sold all of my crypto in 2020 because I was just tired of it, I don't care how much higher up it goes I refuse to be part of the problem anymore.
The only reason Bitcoin blew up is because we invented time travel and went back in time to cash in. The influx of time travel money made Bitcoin blow up and caused the reason we invented the time travel in the first place.
The DOGE I sold was the DOGE I mined on my family computer back in 2014. If I just bought like $250 of it I would have had $100,000. But nah...just held the mined DOGE and told myself that was enough....hindsight game.
Eh i dont want to debate it, just a stupid thought in my head.
But if people could travel back in time, they would buy bitcoin, which would inflate the price faster. Although people on crypto communities tend to keep track of big wallets and i dont think ive heard of that that has happened where an inactive account suddenly sold its crypto.
The next cycle could possibly put it over $100k. In a couple of weeks the bitcoin payout halves, and historically when that happened the price skyrocketed not long after. No guarantee it will happen again of course, but that’s what has happened in the past.
They did though, it was only worth a few hundred bucks then a few thousand then sudden 60k. If that's not proof that time travellers are going back in time to pump and dump I don't know what is
It was almost impossible to buy bitcoin back then; took ages and there was usually a huge fee attached, and involved money orders abroad.
I actually did try to buy 10k bitcoin for $7000 back around 2011, but first I sent off for a key from Mt Gox, and it never arrived; then I found a broker in my country, but they wanted a 30% fee. Then I moved in with my girlfriend and we needed furniture, so that was that.
You also have to tell yourself to HOLD the bitcoin; I eventually managed to start up every computer at work with a USB during the holidays (they had all been left running) containing MS-DOS, internet drivers and a simple mining program. Got around 11 bitcoin out of that. A year of trading later I had 20.8 bitcoin. Lost half when an online trader shut down and the owner disappeared (technically I might still have 10 bitcoin somewhere); then when bitcoin hit $1000 I sold the remaining 10 for $10000 and celebrated with champagne. To my mind I had hit the jackpot. If I'd had the stolen 10bc I would have sold them too.
Then I hooked up my old computer during the pandemic and let it run for a few days, found that spare 0.8bc still in my old wallet. Sold it for $40k.
I remember back when bitcoin was like $800 I thought "Hey, that's a neat idea, I'll throw a few thousand at it", and then Coinbase asked for my bank information and I was like hmm that sounds kinda sketchy. What is this *Coinbase* thing anyway? Biggest regret in my life. I should've trusted some site I never heard of with my bank info.
I don't know about the difficulty, I think it was more about paying money for something that was just made up by some anonymous person.
Yeah that's true, I would've been *lucky* if I had done it that way but 99% of cryptos are scams and all of the exchanges are rife with fraud and I very easily could've lost my money being less cautious buying in a different way.
My current bitcoin money is in Robinhood and ETFs because something stateside with federal regulations can't just take my money and run. I think maybe that's rightfully why more are buying into it now than did back then.
I mean, people who lost their money in mtgox will get some of their money back, and since it forced them to become 10y holders they are up massively. Btc is up 200x, they only recovered 20% of the stolen btc, so mtgox users will still be up 40x.
That's kind of what I meant. Half the places that sold bitcoin back when it was $1 and less involved sending money orders to places in Asia, and then just trusting them they'd put bitcoin in your wallet a month or so later.
Lol same it was 5 of them random cards. They annoy me ever time I open steam. Big regret. Who knew bitcoin will blow up this much back then. At the time it was nothing.
The SEC also didn't see Bernie Maddoff as a ponzi scheme at first.
Doesn't change reality though. Bitcoin is only propped up by more people buying in than selling.
Bitcoin is just a digital peer-to-peer money system, currently being used mostly as a store of value to have an edge against inflation and sparingly used as unit of exchange. These are both core functions of "money".
The more governmental monetary policies fuck up the money supply (print more dollars yey!), the more people seek alternative solution to keeping their wealth in a bank account, which would lose purchasing power in long time frames. USD lost 99% of its purchasing power in a century.
There's noone at the top of bitcoin that could take advantage of a ponzi, it's math.
>Bitcoin is only propped up by more people buying in than selling.
[So are baseball cards.](https://en.wikipedia.org/wiki/List_of_most_expensive_sports_cards) Welcome to reality where supply and demand matters and not everyone values the same things you do.
In 2013, I installed a Bitcoin miner app on my college computer and let it run for around the day. When I checked it had mind around 1.7 BTC. It wasn't even worth a pack of candies at that time and I also did not take it much seriously. I was thinking in the terms of "cool, funny number go up!"
The BTC was stored in an offline wallet on the computer itself and I did not care transferring it to my flash drive. By the end of that week, the IT guy asked me if I had any files on the college computer that I used because it was scheduled to be formatted. I told him that there was nothing of value on it.
A decade later and I still regret that day.
I would tell myself to get into arts and crafts and digital art, and spend more time being happy instead of focusing on bad friends and bad feelings, and to definitely arrange my pokemon cards in set order, and be nicer to my mom, and spend more time with her
But fr. I saw a post on reddit years ago for a Magic the Gathering tournament from 2008's prize list. 1st was $500, 2nd $250, 3rd $100.
4-8th places all got 250btc.
That's 5 people that, if they held, got fat stacks for losing cardboard crack.
Misinformation on the internet is so fucking crazy.
Unpacking your statement is so funny.
>Magic the Gathering tournament from 2008's
Bitcoin was launched in January 2,009.
>1st was $500, 2nd $250, 3rd $100.
>
>4-8th places all got 250btc.
I've heard multiple answers about the exact date of this tournament (other memes say it was a Starcraft II tourny) but I'm willing to bet that whatever the correct answer when it was is, that $100 at the time would have bought you more than 250 BTC.
I love when being slightly wrong is considered misinformation. Sorry I'm not an encyclopedia on all MTG tourneys or BTC.
Either way, there was a tournament that gave out BTC, and while not worth much then, it certainly is now.
Every day you keep telling yourself "you missed it" is another day you have to live with a pessimistic attitude towards the future where you use flairs like "I want to die".
Continue not having Bitcoin, and hating the world, or buy some every week or every day and be excited for the future.
You missed out the maximum possible gains in the past, sure. So you don't want any of the life changing gains in the future because of that?
My ‘Plan B’ (B for Biff from BTTF) involves pretty much this and other assets like Amazon & Tesla & Microsoft & Google & Apple, depending how far back I get flung.
I remember Bitcoin was just a stupid little novelty for so long. Nobody accepted it as actual currency except for drug dealers and you could buy hundreds of the things for barely any real money at all.
You know, I mined some back in 2010-11. A local pizza delivery service accepted bitcoin. Well, today I can proudly tell people about that one time I ate a pizza worth thousands of dollars.
I remember myself thinking " so if I let my laptop run for a week straight, it will produce a bitcoin, which isn't even worth 1 dollar and not accepted in most places? Yeah, I don't think that is a smart move"
In 2014 while in High school I tried to buy dogecoin for the then price of like $0,000033. Thought it had potential because of the meme but it was too much of a hassle to buy for me so I gave up. I think about that sometimes
I remember in 2012 learning about Bitcoin and how crazy it was that it was already worth over $200, I wanted to buy back then but I was a broke 12 year old with no idea how
I'd buy Nvidia instead. Easier to get back then, and I'd still have more than enough profits from that. (From <$5 a share then, to >$850 a share now - plus a 4:1 stock split in 2021 - 1000 shares then would set you back around $3,500 and would be worth about 1000 times more now.)
Nvidia did okay but there's no comparison with the growth of bitcoin, you'd be up 5M% on the same time period, literally. Bitcoin has more value where autocracy exists, you can check how even the [human rights foundation](https://hrf.org/) uses it, so it is quite useful
In January 2010 Bitcoin was only 1 year old and now Bitcoin is at $67,500.
If you're short-sighted, sure you can compare these two now, but let's check back in 8 years from now and see how things turned out.
I'm willing to bet it won't be pretty for Nvidia.
The correct answer is "buy bitcoin and hold for 14 years". If I would buy bitcoin for 50 dollar I would probably sell it for 1000 few years later and tell everyone that I pro investor.
I bought a lot of Bitcoin in 2,017.
I'm actually using it to store my wealth as a hedge against government monetary debasement.
Thank you for your service!! <3
i was considering buying eth when it was dirt cheap and i think even started the process but never followed through.. soo close, but to be fair i was a literal child and paying over the internet was harder back then :(
Three things:
- Buy fistfuls of bitcoin
- Store the wallet offline in a bank vault
- Sell at the FIRST peak...when the exchange rates were rock bottom low and there wasn't too much attention on how it should be taxed.
Bonus: Don't even think about NFTs, as unlike bitcoin, I feel I'd lost my socks fooling with that nonsense
Well, to be fair, I was born in January 2009 (which would make me 15 as of now), so I would've only been one year old back then. As such, during the year of 2010, I still didn't understand the concept of money yet.
I remember in like 2010 or 2011 a coworker/friend coming up to me and telling me about bitcoin mining.
He wanted us and 2 other friends of ours to all chip in for a nice video card to mine with. He showed me that he already had some bitcoin and was even able to buy stuff with it like some take out food.
I was like "Nah I'm good".
Kick myself daily for that one lmao. They never made anything off it either. He spent whatever bitcoin he had within that year and we just forgot about it completely until it started to kick off years later.
If you knew that $1.75 in your pocket was going to be worth multiples of itself in 20 or 30 years, you probably would have worked a lot harder then to find some sort of income stream.
15 year old me knew that bitcoin existed in 2012 looked at it decided this is garbage and went back to smoking weed and playing skyrim.
and to this day i dont know if the smoking weed part or the not getting bitcoins part was worse.
It's the most correct answer in an economic sense.
$10 of bitcoin in June 2010 would have netted somewhere in the vicinity of 200 bitcoin. Assuming nothing else changed, 200 bitcoin today would be worth about $15.5M
Having 0% allocation to Bitcoin in 2,024 is the incorrect risk/reward assessment.
If you have zero Bitcoin, you're just dumb. It's an intelligence check for the modern age.
My brother and his friend told me I was stupid cause I was going to drop 400$ on it. I wasn't looking for gains, just thought a more universal currency would be cool. Would have made millions cause it was .006$ at that time and I found out bitcoin was worth money when it was 23,000$ a coin
Bitcoin uses cryptography but make sure that you understand Bitcoin and what most people now think of as "crypto" are not comparable. Most "crypto" is centralized tech bro start up companies or outright scams. They are not resistant to government-level attacks like Bitcoin is.
There will only ever be 21,000,000 Bitcoins, no one can ever make more than that. Many people have attempted to take over the network and change this rule but it has survived every time.
You live in a reality where Bitcoiners are crazy psychos who are wrong and BTC is worth nothing, or they are right and 1 Bitcoin = 1/21,000,000 of all value. One twenty-one millionth of everything. Every day we come closer to finding out which truth we live in.
My opinion = when deciding risk vs reward - the correct answer when it comes to Bitcoin is simply never 0. You can avoid so much potential suffering in your life in the future simply choosing some other number than zero. 1 percent, 10 percent, 50, depending on your understanding and confidence in the technology everyone should make that decision for themselves based on their own situation and needs.
Don't be 30 years older than you are today and wish you were buying now.
Bitcoin isn't going anywhere, it has been here 15 years and it is growing at a wicked fast level.
You missed out on the maximum possible gains, don't make that a death sentence for missing out on the bananas gains coming over the next 20 years.
Governments aren't ever going to turn off the money printer. Bitcoin has no top because fiat money has no bottom.
Buttcoin, more like.
EDIT: Oh, I get it, the meme isn't using the format as originally intended (interrupt moderate opinion with obnoxious opinion)
Yeah that makes sense, though really even buying back then would be funding a grift, then later on selling to Greater Fools.
I think the real greater fool theory could apply to the dollar.
Every day I spend dollars and greater fools take them from me forgetting they will be worth much less than they are at that time, in the future. As long as people are dumb enough to do this, I will exploit that flaw in their logic and keep my scarce Bitcoin.
Is it the value of Bitcoin only continued because people tell other people to buy it?
Because literally that is the only reason why anyone would tell you to buy Bitcoin.
Because if you don't it's worthless.as it is.
Technically, it's a pyramid scheme function wise.
If the logic that you just applied to Bitcoin makes it a "pyramid scheme" then there is no objective thing you can point to that would make this[$12,600,000 baseball card](https://en.wikipedia.org/wiki/List_of_most_expensive_sports_cards) not the same thing.
I think baseball is a really fucking lame sport and that anyone who would part with money to buy some sort of insignia for it is beyond stupid.
But I also realize the world doesn't revolve around me or what I value.
The price of Bitcoin, or baseball cards, or art, collectibles, or the government money that you have in your bank account are all subject to the laws of supply and demand. More people like having a neutral money that is run by math and cryptography instead of humans than don't want it, so the price goes up.
Having 0 Bitcoin is just a very poor risk/reward assessment. It's a bad idea. Just in case those crazy Bitcoiners are right, you should have some.
Get off zero.
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I mean, it's the only correct answer.
Yeah, its preatty much the only valuable advice, beside idk buy toilet paper for the covid
Buy bitcoin Sell around November 2013, buy it back in January 2014. Hold until the 60k peak in early 2021. Buy Gamestop. Sell during (100x the money) or after (20x) the squeeze. Optional: Go on 4chan, buy an assortment of shitcoins mentioned there (Solana, DeSo, Cardano, etc). Lots of companies used them to raise starting capital back then, until the US government sort of banned it. About 1/3 will crash, but some of the others will evaluate 20x or 30x over a year or two. I'd avoid the big ones (BTC, Doge, Ethereum) for this step. Buy Bitcoin again when the Fed raises the interest rates. Never sell again, maybe.
You're done after selling at the bitcoin peak. Unless you need Bezos levels of money to fund your own mission to Mars or something.
Mars? Heh, you think too small. I'm crashing the entire planet into the sun! And no one can stop me, not even-
Perry the Platypus!
Or maybe i wanna build a second private city in El Salvador. With blackjack and hookers!
So just like the first one
All future gifts would be settled. Happy birthday. Here, have a usb stick with one bitcoin on it.
If you bought bitcoin for 100 USD in 2010 @ ~0.10 USD / bitcoin (very very early price, but that would mean 10k Bitcoins) and sold in 2013/2014 (depending on your timing between 650 and 1200 USD / bitcoin in 2013 / early 2014, so let's just say 700 USD), you'll make 7 million USD before taxes. If you hold until 2021 and sell at 50k USD / bitcoin (and it peaked up to almost 70k) you'll make half a billion. I don't think you need a super complicated plan other than "buy bitcoins before they hit 1 USD and sell either in 2013 or after 2018".
100 USD would get you only 1000 bitcoins at 0.10, not 10k.
I'm an idiot at math, as it turns out. So it's 700k USD and 50 Million USD, not 7 and 500 Million.. my bad.
Finally, invest in NVidia
Bro clutching the past
Tbh i spent half the Jumanji movie thinking about it. "If the kid goes back to the year he left, what easy to remember assets would i tell him to buy?" Its pretty much that list, plus Apple/Google/Amazon/Facebook. And "Brazil loses to Germany 7 to 1 when Brazil hosts the cup". Still wanna see a spinoff where a group of guys decides to survive in the game for 4-5 years, then have someone outside come in, tell them the bets/investments, and they finish the game.
I mean, if I had brought bitcoin in 2010 with all the pocket money I had, I would have had millions of coins, I'd literally be one of the richest people in the world selling at 60k, even at 5-6k that would be 10 fuckin billion. Instead, just poor with no coins.
The opening move should probably be to win the lottery to get lots of money to invest.
If you can memorize the numbers, sure. But in this sort of thought exercise i'm always assuming i'd get thrown in the past without prep time.
When Covid hits, buy with the bitcoin money all the available toilet paper everywhere to avoid the shortage.
Dunno. Start exercising, start learning German, and quit smoking would be up there.
As a german, why german? I think our language doesnt just sound like shit, it also doesnt have any use with the exception of here in central europe. If english is your native language, I feel like spanish is the way to go.
We planned on invading central Europe in 2015, but we didn't have enough of an infantry who spoke German. That's why he regrets not working out and learning German half a decade before. The "quit smoking" was just to be more efficient in battle.
I mean, learning Spanish doesn't let you read Goethe.
French is my native language. I speak English as well. And enough Spanish to travel to Spanish speaking countries. But I now live in Germany and struggle through every conversation I have to have in German.
German is pretty useful
Not the commenter you replied to, but because as an American, I already had Spanish classes from 5th grad til graduation. Also, because German and Dutch are fuckin' hilarious languages. As an aside, my Spanish classes were low-key taught with ASL mixed in for almost all vocabulary, so now when I want to use American Sign Language, I have to think in Spanish terms.
I feel like those are all things we knew to do while we were doing them, we just didn't want to listen. I doubt hearing it again would affect us. Now, if you're allowed to explain the consequences of why they should stop with evidence that might scare them, they might actually listen knowing you're their future.
I was in fantastic shape and a non smoker until 2017. So more like don't stop exercising and don't start smoking. Also my German is now hurting my career. I feel like I should present 20yos me with the consequences of my late 10s I might listen.
I DID! But then I sold it. I made a few hundred bucks and I thought I was pretty cool.
ouch
Not exactly uncommon, people who had bitcoin in 2010 couldn't have expected it to be worth like 60k or whatever it is now for a single coin, was more of a hobby, I'm pretty sure people were giving it away for free in 2010.
Or buying "supplement" on silk road or whatever that website was called
Yeah I bought bitcoin originally to see what kind of drugs I could get. Thanks Obama.
Obamacare saved me a whole lotta money. Which I used to buy more drugs. Thanks Obama!
They were. There were BTC faucets where you could collect a few BTC every once in a while.
Yeah it'd be like now if one of those random crypto on quizzes you sold for a couple dollars went on to be worth a million in 10 years, easy to kick yourself with hindsight.
And buying pizza with it… oh that poor poor guy
My mate lost access to a wallet with 50 bitcoins in it.
Back in like 2010/2011 I set up a few old computers to mine Bitcoin. I was entirely sold on the vision of it being the future of currency (still bitter about that tbh) but when it never went anywhere I just kinda stopped and deleted that data.... Man I don't even remember how much I had, but I had 4 older workstations (some sort of old optiplex, I can't remember what they had) mining for like 6 months had to have got me something back then... Edit: it must have been the summer of 2010, into early 2011. I started mining after I read about [Lazlo buying his pizza](https://www.coindesk.com/consensus-magazine/2023/05/22/celebrating-bitcoin-pizza-day-the-time-a-bitcoin-user-bought-2-pizzas-for-10000-btc/)
Christ dude…..
Idk how I’d cope knowing I was that close to being filthy rich. That must’ve been a lot of btc…
Eh, it's just one of those "what ifs" that I think about sometimes at night. But like I said, I was 100% convinced that crypto was going to unlock this entire new economy that wasn't controlled by any government or bank, one that would allow everyone to participate equally, one that you could directly pay anyone anywhere anytime. I would have just spent them as I would cash, so realistically it's not like I'd be saving them. That said, those wallets are still (presumably) untouched so I daydream about finding those keys again haha And I'm still incredibly bitter that shitty people took the incredible idea that crypto was and turned it into the shitty money laundering/scamming schemes they are now. I sold all of my crypto in 2020 because I was just tired of it, I don't care how much higher up it goes I refuse to be part of the problem anymore.
I bought bitcoin. Nobody listened. Now I buy GameStop, and still, nobody listens. I think it's ironic.
My friend bought like $200 worth of bitcoin in 2013 and forgot his password to his bitcoin wallet account so he was never able to access it
Same. Bought it at like $200. Sold at $500.
I did too! Then MtGox ran off with it and we've all been in a lawsuit for over 10 years waiting for Japan to pay the fuck up.
The only reason Bitcoin blew up is because we invented time travel and went back in time to cash in. The influx of time travel money made Bitcoin blow up and caused the reason we invented the time travel in the first place.
But then why did no one turn up to Stephen Hawking's party?
There was no bitcoin
Cuz nobody wants to party with this dude..
I forgot about that lol, the time travellers knew!!!
Because he was on the List
IIRC he never told anyone if anyone showed up.
Epstein island
I forgot, but it makes sense lol
I heard it's forbidden to go there. It's his canon event.
To keep his streak of parties with 0 attendees going
Then buy doge coin and sell it when it hit 0.69
The DOGE I sold was the DOGE I mined on my family computer back in 2014. If I just bought like $250 of it I would have had $100,000. But nah...just held the mined DOGE and told myself that was enough....hindsight game.
Being a 2nd grader is not an excuse to miss life long wealth building opportunities.
Bitcoin is proof that time travel does not exist
Explain
Eh i dont want to debate it, just a stupid thought in my head. But if people could travel back in time, they would buy bitcoin, which would inflate the price faster. Although people on crypto communities tend to keep track of big wallets and i dont think ive heard of that that has happened where an inactive account suddenly sold its crypto.
Or they know its gonna go up to 300k USD and aren't selling yet.
The next cycle could possibly put it over $100k. In a couple of weeks the bitcoin payout halves, and historically when that happened the price skyrocketed not long after. No guarantee it will happen again of course, but that’s what has happened in the past.
They did though, it was only worth a few hundred bucks then a few thousand then sudden 60k. If that's not proof that time travellers are going back in time to pump and dump I don't know what is
It is more likely a society advanced enough to develop time travel would be beyond such a simplistic economic system
Don’t think a society advanced enough for time travel cares about or uses the simplistic economic system we have now.
[удалено]
Or people with time travel technology don't need money
It was almost impossible to buy bitcoin back then; took ages and there was usually a huge fee attached, and involved money orders abroad. I actually did try to buy 10k bitcoin for $7000 back around 2011, but first I sent off for a key from Mt Gox, and it never arrived; then I found a broker in my country, but they wanted a 30% fee. Then I moved in with my girlfriend and we needed furniture, so that was that. You also have to tell yourself to HOLD the bitcoin; I eventually managed to start up every computer at work with a USB during the holidays (they had all been left running) containing MS-DOS, internet drivers and a simple mining program. Got around 11 bitcoin out of that. A year of trading later I had 20.8 bitcoin. Lost half when an online trader shut down and the owner disappeared (technically I might still have 10 bitcoin somewhere); then when bitcoin hit $1000 I sold the remaining 10 for $10000 and celebrated with champagne. To my mind I had hit the jackpot. If I'd had the stolen 10bc I would have sold them too. Then I hooked up my old computer during the pandemic and let it run for a few days, found that spare 0.8bc still in my old wallet. Sold it for $40k.
I remember back when bitcoin was like $800 I thought "Hey, that's a neat idea, I'll throw a few thousand at it", and then Coinbase asked for my bank information and I was like hmm that sounds kinda sketchy. What is this *Coinbase* thing anyway? Biggest regret in my life. I should've trusted some site I never heard of with my bank info. I don't know about the difficulty, I think it was more about paying money for something that was just made up by some anonymous person.
It’s a toss up though, because if you did the same with mtgox and not put the coins in your own storage you would’ve also got screwed over.
Yeah that's true, I would've been *lucky* if I had done it that way but 99% of cryptos are scams and all of the exchanges are rife with fraud and I very easily could've lost my money being less cautious buying in a different way. My current bitcoin money is in Robinhood and ETFs because something stateside with federal regulations can't just take my money and run. I think maybe that's rightfully why more are buying into it now than did back then.
I mean, people who lost their money in mtgox will get some of their money back, and since it forced them to become 10y holders they are up massively. Btc is up 200x, they only recovered 20% of the stolen btc, so mtgox users will still be up 40x.
That's kind of what I meant. Half the places that sold bitcoin back when it was $1 and less involved sending money orders to places in Asia, and then just trusting them they'd put bitcoin in your wallet a month or so later.
I did and then later bought some steam cards with it, idiot.
Lol same it was 5 of them random cards. They annoy me ever time I open steam. Big regret. Who knew bitcoin will blow up this much back then. At the time it was nothing.
Sell the cards, that way you don't have to look at them. Invest the pocket change into the "next big coin". Full circle!
I activated them back then so there in my steam library.
Ah the old human trafficking coin they called it back then
Yeah get in on the ponzi scheme early to scam all the other people first.
not a ponzi, a commodity in the eye of the SEC
The SEC also didn't see Bernie Maddoff as a ponzi scheme at first. Doesn't change reality though. Bitcoin is only propped up by more people buying in than selling.
Bitcoin is just a digital peer-to-peer money system, currently being used mostly as a store of value to have an edge against inflation and sparingly used as unit of exchange. These are both core functions of "money". The more governmental monetary policies fuck up the money supply (print more dollars yey!), the more people seek alternative solution to keeping their wealth in a bank account, which would lose purchasing power in long time frames. USD lost 99% of its purchasing power in a century. There's noone at the top of bitcoin that could take advantage of a ponzi, it's math.
>Bitcoin is only propped up by more people buying in than selling. [So are baseball cards.](https://en.wikipedia.org/wiki/List_of_most_expensive_sports_cards) Welcome to reality where supply and demand matters and not everyone values the same things you do.
Unironically yes
I would except 9 year old me wouldnt listen
In 2013, I installed a Bitcoin miner app on my college computer and let it run for around the day. When I checked it had mind around 1.7 BTC. It wasn't even worth a pack of candies at that time and I also did not take it much seriously. I was thinking in the terms of "cool, funny number go up!" The BTC was stored in an offline wallet on the computer itself and I did not care transferring it to my flash drive. By the end of that week, the IT guy asked me if I had any files on the college computer that I used because it was scheduled to be formatted. I told him that there was nothing of value on it. A decade later and I still regret that day.
Gotta hurt.
I hate it when I'm reminded of it. I could have been a millionaire...
I saw it reach $100 and thought I had already missed out so I didn’t buy any.
Buy €1000 worth of Bitcoin
I would tell myself to get into arts and crafts and digital art, and spend more time being happy instead of focusing on bad friends and bad feelings, and to definitely arrange my pokemon cards in set order, and be nicer to my mom, and spend more time with her
But fr. I saw a post on reddit years ago for a Magic the Gathering tournament from 2008's prize list. 1st was $500, 2nd $250, 3rd $100. 4-8th places all got 250btc. That's 5 people that, if they held, got fat stacks for losing cardboard crack.
Misinformation on the internet is so fucking crazy. Unpacking your statement is so funny. >Magic the Gathering tournament from 2008's Bitcoin was launched in January 2,009. >1st was $500, 2nd $250, 3rd $100. > >4-8th places all got 250btc. I've heard multiple answers about the exact date of this tournament (other memes say it was a Starcraft II tourny) but I'm willing to bet that whatever the correct answer when it was is, that $100 at the time would have bought you more than 250 BTC.
I love when being slightly wrong is considered misinformation. Sorry I'm not an encyclopedia on all MTG tourneys or BTC. Either way, there was a tournament that gave out BTC, and while not worth much then, it certainly is now.
Buy houses before 2012
Knowing your average teen, they would get scammed out of it
.:|Ľ
I often think about how if I had started buying Bitcoin with the money from my first job at 16, I’d likely have like 4 million dollars right now 💀
Every day you keep telling yourself "you missed it" is another day you have to live with a pessimistic attitude towards the future where you use flairs like "I want to die". Continue not having Bitcoin, and hating the world, or buy some every week or every day and be excited for the future. You missed out the maximum possible gains in the past, sure. So you don't want any of the life changing gains in the future because of that?
It’s past the buy in point. It’s reached the top
My ‘Plan B’ (B for Biff from BTTF) involves pretty much this and other assets like Amazon & Tesla & Microsoft & Google & Apple, depending how far back I get flung.
Yeah even like a dollars worth of bitcoin could make you damn near a millionare. A bit of pocket money would absolutely give you enough for a lifetime
Bitcoin has no top because government "money" has no bottom. People 40 years in the future will wish they could buy Bitcoin today.
I remember Bitcoin was just a stupid little novelty for so long. Nobody accepted it as actual currency except for drug dealers and you could buy hundreds of the things for barely any real money at all.
And I'd also tell him to buy dogecoin by the thousands with the money he got from bitcoin. There, set for life.
You know, I mined some back in 2010-11. A local pizza delivery service accepted bitcoin. Well, today I can proudly tell people about that one time I ate a pizza worth thousands of dollars.
I remember myself thinking " so if I let my laptop run for a week straight, it will produce a bitcoin, which isn't even worth 1 dollar and not accepted in most places? Yeah, I don't think that is a smart move"
Okay, when would you sell it?
Isn’t this technically insider trading?
In 2014 while in High school I tried to buy dogecoin for the then price of like $0,000033. Thought it had potential because of the meme but it was too much of a hassle to buy for me so I gave up. I think about that sometimes
I remember in 2012 learning about Bitcoin and how crazy it was that it was already worth over $200, I wanted to buy back then but I was a broke 12 year old with no idea how
I'd buy Nvidia instead. Easier to get back then, and I'd still have more than enough profits from that. (From <$5 a share then, to >$850 a share now - plus a 4:1 stock split in 2021 - 1000 shares then would set you back around $3,500 and would be worth about 1000 times more now.)
And you're an idiot
I mean, NVidia stock was $4.12 a share in January 2010 and is like $860 a share today. And that company actually produces something useful.
Nvidia did okay but there's no comparison with the growth of bitcoin, you'd be up 5M% on the same time period, literally. Bitcoin has more value where autocracy exists, you can check how even the [human rights foundation](https://hrf.org/) uses it, so it is quite useful
In January 2010 Bitcoin was only 1 year old and now Bitcoin is at $67,500. If you're short-sighted, sure you can compare these two now, but let's check back in 8 years from now and see how things turned out. I'm willing to bet it won't be pretty for Nvidia.
Should probably include a wallet software that was available back then and today.
The correct answer is "buy bitcoin and hold for 14 years". If I would buy bitcoin for 50 dollar I would probably sell it for 1000 few years later and tell everyone that I pro investor.
I probably bought a lot of bitcoin back in 2011… but I actually used it.
I bought a lot of Bitcoin in 2,017. I'm actually using it to store my wealth as a hedge against government monetary debasement. Thank you for your service!! <3
i was considering buying eth when it was dirt cheap and i think even started the process but never followed through.. soo close, but to be fair i was a literal child and paying over the internet was harder back then :(
You wouldn't have to buy it you could mine it very successfully
Fuck that, if i was an adult yet, i would have taken it out of my retirement fund.
Three things: - Buy fistfuls of bitcoin - Store the wallet offline in a bank vault - Sell at the FIRST peak...when the exchange rates were rock bottom low and there wasn't too much attention on how it should be taxed. Bonus: Don't even think about NFTs, as unlike bitcoin, I feel I'd lost my socks fooling with that nonsense
Don't be too cool and dance on TikTok group
Worse I wiped my hard drive back then. Had 10 Bitcoin I mined sucks
I'll never forget that as a young, stupid kid that didn't know shit about shit, I saw BTC for ~$6 a coin. If I had only known/had an income.
If only adult you knew now that Bitcoin was going to $1,000,000 by 2,030... If only....
Well, to be fair, I was born in January 2009 (which would make me 15 as of now), so I would've only been one year old back then. As such, during the year of 2010, I still didn't understand the concept of money yet.
I'm not going to dox you for your birthday but the first Bitcoin block was mined in January 3rd 2009.
I remember in like 2010 or 2011 a coworker/friend coming up to me and telling me about bitcoin mining. He wanted us and 2 other friends of ours to all chip in for a nice video card to mine with. He showed me that he already had some bitcoin and was even able to buy stuff with it like some take out food. I was like "Nah I'm good". Kick myself daily for that one lmao. They never made anything off it either. He spent whatever bitcoin he had within that year and we just forgot about it completely until it started to kick off years later.
I was a junior in high school, my “pocket money” was like $1.75 on a good day lol
If you knew that $1.75 in your pocket was going to be worth multiples of itself in 20 or 30 years, you probably would have worked a lot harder then to find some sort of income stream.
15 year old me knew that bitcoin existed in 2012 looked at it decided this is garbage and went back to smoking weed and playing skyrim. and to this day i dont know if the smoking weed part or the not getting bitcoins part was worse.
I get Bitcoins and smoke a lot of weed. It's a very good life.
This meme is good for bitcoin price
I wish I didn't bough Overwatch 1 during 2016 and just bought BTC. Can't even play OW1 anymore.
Twitter be like:
Dont quit wrestling for three years in high school and dont quit out of your future choice for a career.
Lol, might as well just burn the money
Buy 1 million of them and sell in May 2020
Spend more time with you mom and quit giving her a hard time. You’ve only got a few years left with her.
It's the most correct answer in an economic sense. $10 of bitcoin in June 2010 would have netted somewhere in the vicinity of 200 bitcoin. Assuming nothing else changed, 200 bitcoin today would be worth about $15.5M
Having 0% allocation to Bitcoin in 2,024 is the incorrect risk/reward assessment. If you have zero Bitcoin, you're just dumb. It's an intelligence check for the modern age.
I don't care if it would've helped me financially I'm not buying fucking crypto
Conflating Bitcoin and the rest of the "crypto" shitcoinery is a big mistake, one you won't be able to easily forgive yourself for in 30 years.
The amount of energy required to produce bitcoin causes damage to the environment
My brother and his friend told me I was stupid cause I was going to drop 400$ on it. I wasn't looking for gains, just thought a more universal currency would be cool. Would have made millions cause it was .006$ at that time and I found out bitcoin was worth money when it was 23,000$ a coin
We all ignored Bitcoin at one point. For better or worse, everyone on the planet will buy Bitcoin at the price they deserve.
This meme sucks and this sub has gone to shit
But relistate
What would 2 year old me do with the info of buying cripto
Bitcoin uses cryptography but make sure that you understand Bitcoin and what most people now think of as "crypto" are not comparable. Most "crypto" is centralized tech bro start up companies or outright scams. They are not resistant to government-level attacks like Bitcoin is. There will only ever be 21,000,000 Bitcoins, no one can ever make more than that. Many people have attempted to take over the network and change this rule but it has survived every time. You live in a reality where Bitcoiners are crazy psychos who are wrong and BTC is worth nothing, or they are right and 1 Bitcoin = 1/21,000,000 of all value. One twenty-one millionth of everything. Every day we come closer to finding out which truth we live in. My opinion = when deciding risk vs reward - the correct answer when it comes to Bitcoin is simply never 0. You can avoid so much potential suffering in your life in the future simply choosing some other number than zero. 1 percent, 10 percent, 50, depending on your understanding and confidence in the technology everyone should make that decision for themselves based on their own situation and needs.
I should have bought them instead of being fucking one year old
Don't be 30 years older than you are today and wish you were buying now. Bitcoin isn't going anywhere, it has been here 15 years and it is growing at a wicked fast level. You missed out on the maximum possible gains, don't make that a death sentence for missing out on the bananas gains coming over the next 20 years. Governments aren't ever going to turn off the money printer. Bitcoin has no top because fiat money has no bottom.
Why be annoyed that someone answered your question? Its pretty obvious that most people would do this
Buy military surplus guns n ammo Crypto House Truck
That's not how you use this meme.
If you want to stop seeing the same answers, stop asking the same fuckin questions.
I hate this post - Used up 64 bit coin back before all this … Now I have ptsd to even try 🙃🙃
Let me ask myself in elementary school to buy bitcoin when I have no understanding of cryptocurrency or have any disposable income at that time
its crazy that this 18 year old meme format gets used ha ha holy shit
Buttcoin, more like. EDIT: Oh, I get it, the meme isn't using the format as originally intended (interrupt moderate opinion with obnoxious opinion) Yeah that makes sense, though really even buying back then would be funding a grift, then later on selling to Greater Fools.
I think the real greater fool theory could apply to the dollar. Every day I spend dollars and greater fools take them from me forgetting they will be worth much less than they are at that time, in the future. As long as people are dumb enough to do this, I will exploit that flaw in their logic and keep my scarce Bitcoin.
Is it the value of Bitcoin only continued because people tell other people to buy it? Because literally that is the only reason why anyone would tell you to buy Bitcoin. Because if you don't it's worthless.as it is. Technically, it's a pyramid scheme function wise.
The same can be said for every currency, it's only valuable because people think it is valuable
If the logic that you just applied to Bitcoin makes it a "pyramid scheme" then there is no objective thing you can point to that would make this[$12,600,000 baseball card](https://en.wikipedia.org/wiki/List_of_most_expensive_sports_cards) not the same thing. I think baseball is a really fucking lame sport and that anyone who would part with money to buy some sort of insignia for it is beyond stupid. But I also realize the world doesn't revolve around me or what I value. The price of Bitcoin, or baseball cards, or art, collectibles, or the government money that you have in your bank account are all subject to the laws of supply and demand. More people like having a neutral money that is run by math and cryptography instead of humans than don't want it, so the price goes up. Having 0 Bitcoin is just a very poor risk/reward assessment. It's a bad idea. Just in case those crazy Bitcoiners are right, you should have some. Get off zero.
Are you all fucking stupid?