first heard of bitcoin?
 

First time I heard about it was this anarchist radio show that was on a for only a short while here locally.
Free Talk Live.
https://www.freetalklive.com/

Here is the first mention of it from the search for bitcoin on gfy.com.

https://gfy.com/fucking-around-and-b...hlight=bitcoin

I had a client offer to pay in Bitcoin several years ago. They told me if I just hung on to it, I would thank them one day. It was a project for a couple thousand dollars. I thought about it for a couple of days and asked to just be paid in USD. If I had listened and actually held them (I would probably have sold at 100$) I would have $14 million dollars!

I cry a lot thinking about this ;)

I plan to start saying this a lot. It's my new favorite quote (from myself :1orglaugh )

"It’s hard to predict the future. It’s easy to regret the past."

Around 2002-2003, there was an old affiliate program offering BTC payment, one of the first few who offered it.

I opted to get paid thru USD.
No regrets but i want to cry sometimes lol.

Bitcoin didn't exist in 2002-3, it was released in 2009.

The thread in the OP is way after the hype, hysteria and headlines of 2013 ($10-$1000 BTC, MtGox, Silk Road, etc). Here's a post from 2011:

gfy.com/18580460-post186.html

"If onlys" about crypto don't make any more sense than saying if only you'd picked the right lotto numbers last week, or backed Germany to beat Brazil 7-1 in that World Cup game.

I had bitcoin in early 2013 and bailed out not long after. What's the alternative, wait for it to crash? Wait till it's $10k, $100k? Unless you sell or spend your bitcoin you haven't made anything, you've just lost what you put in.

I never liked Litecoin or ther other ones, but I did have a fondness for Dogecoin, and used to buy it about five or so years ago, when you could get it easily with Paypal, $25 for about 100k. I had about 800k but again, just used it up, because crypto, especially Dogecoin, was stagnant and looked like it was going nowhere, and unless you're a fanatical crypto cultist there are other more interesting things in the world.

The only people who still have bitcoins from a decade ago are people who forgot about them, people who simply had too much to liquidate, or loons who didn't think $10, $100 or $1000 was enough to bail at.

Remember after it collapsed from $1k in 2013 it was around a few hundred dollars for years.

Not everyone wants to be a millionare . . .

Not true. The people who actually took the time to learn and understand Bitcoin are still holding. :2 cents:

I'm the same as you - I regret not listening and an not buying when I first heard of it - But, like you I know I would have sold it the first time I needed some cash and probably regretted it later - Possibly even more - So, in a way it's a good thing - lol...

typo :error

I heard about it around 2011 and started reading up on mining.
At the time I was getting "free electricity" so it would have been perfect.

I couldn't figure it out and the mining rigs were still relatively expensive.

From what I remember it would take 3 days mining to produce one bitcoin.

It wasn't until 2013 that I actually bought bitcoin.

This.

Hindsight is 20/20.

I just wish that instead of spending on BTC mining equipment, I would have just purchased BTC. I also wish I had held my Apple stock back in the nineties. Life sucks and then you die. The trick is to die broke and in poor health.

Since 2011 Bitcoin has gone from $1 to $20 to $2 to $1000 to $160 to $20k to $3k to $60k.

Leaving aside what the next stage in that pattern might be, what is it people who have done nothing at all with their bitcoin in all that time understand that people who cashed out at 100x or 1000x or 10000x and retired early are missing?

Nothing wrong with cashing out at large profit. But those who learned/understand BTC don't sell so easily because they know a scarce finite asset vs. an infinite forever debasing asset will always lead to value appreciation. Simple as that.

We all look at BTC price vs. a fiat pair right? 1 appreciating with fixed supply vs 1 depreciating infinite supply. It's almost as clear as math. The only thing that blurs it for 99% of people is time, patience.

one of the real sickness of the century like how many people are caught up in thinking money is happiness... but getting rich is like the harder way to find out it's not at all... except for psychopaths like soulless existence is heaven to those people, profit and whatever over human lives, feelings... these things are instant boners to them I guess lol

2013 here

If it was as simple as that, Feathercoin (scarce, finite asset) would "always" be worth more than Dogecoin (infinite supply), as it was from 2013 until the start of this year, rather than Dogecoin now having a USD value ten times that of Feathercoin.

I think what blurs it for 99% of people is understanding demand, not just supply.

99% of people (100% really; bitcoin fanatics just won't admit it) also understand that something that can be infinitely copied is anything but scarce and finite.

If you could copy gold the way you can bitcoin and pay 50 cents for a gold bar with infinite supply, why would you pay $50k for a gold bar that doesn't even have cute dog's face on it?

The clear math is that in the last month Dogecoin (and ETH) is up not just against the USD but against bitcoin.

BTW, the only coin I have is bitcoin (and I've never had ETH) so this isn't just cultishly defending coins I'm up to my neck in. The very reason I trust bitcoin more as the safest, most stable option (though still not much, since I think the inevitable massive crash can happen at any time), is the reason people new to crypto find it boring. It's the Facebook of money in the Tik Tok generation.

Really don't remember when. At first I thought it was something like some kind of coins for computer games

I have heard other people too not getting an opportunity like yours with Bitcoin, so don't worry, you are not alone :)

Cant't you buy fractions of a BTC? What's so scarcity about it then, the price just goes up and up and you buy fractions of it?

Yes you can buy fractions. Think of a pizza, 1 pizza is 8 slices, does that mean you have 8 pizzas? No. You still have 1 pizza. Bitcoin is scarce because finite supply. Nothing anyone can do to ever inflate the supply, unlike fiat (infinite), altcoins (some partial some total infinite, or even gold (partially-finite)

It's kind of a bad argument when a pizza is a physical thing. Someone should make a coin with way less supply than what's out there. Like "Sparta 300 Coin". Only 300 coins. Do you really care about the supply or are you just pumping? :winkwink:

Comes down to basic math. If you can't understand basic math then you can't understand the supply scarcity of Bitcoin. Gotta crawl before walk.

:). Yes but it's like a pizza with almost infinite slices. :)

Not hating, wish I loaded the truck when I first heard about Bitcoin back in 2012. :)

So would you say numbers are infinite because a number can be broken into any amount of decimals? This argument is an old one, Frances Coppola has be confused of this for years (Super smart lady but for some reason Bitcoin makes her mind broken to math in relation to Bitcoin)

Hmmm... yes but bitcoins are 21 million? Shitcoins are 1 trillion supply. It's all the same as long as we agree to give them value, along with FIAT and can use all three as payments.

Lets say one person owned all the bitcoins from the beginning(2009) in the world and refused to sell. What would then be the value of each bitcoin?

Value is derived by marketing, hype and other factors with cryptocurrencies. I don't think the supply thing is important at all. It's just how many there are on a screen.

As with public companies/stocks. They got certain #amounts of shares that you can buy. Should value get determined of how many shares a company got?

Apple got 17 billion shares outstanding. 2 trillion market cap.
GameStop got only 69 million shares outstanding. 11 billion market cap.

Value of a share with stocks are determined by demand. Same with cryptocurrencies.

Did I miss anything, why is supply important at all when it's just numbers for how many bitcoins you can buy? It's exactly the same with stock shareholders. :)

2012 here on gfy. could of been a millionaire! but no..though i most likely would of sold before it ever hit the heights that it has lately.