/biz/ - Business & Finance

[Anonymous No.57243964]

I have known about BTC since 2014 (I was 18 and thought it was stupid and didn’t see it as an investment) and I still haven’t made it. Let’s see if anybody can beat me. How far back do you go?

[Anonymous No.57243989]

>>57243964
I knew about btc in 2012 when a low stakes starcraft tournament was rewarding $500 of btc as a 1st place reward.

[Anonymous No.57243999]

same story, but i think it was 2008/9/10 and i was under 18, so sad I never invested something

[Anonymous No.57244021]

>>57243999
>2008
t. CSW

[Anonymous No.57244046]

>>57244021
Clinical Social Worker?

[Anonymous No.57244048]

>>57243964
I saw bitcoin before it had a price but i came across it on a "paid to click" site and usually they have scams. so i thought it was a scam. Then a few years later i saw it again but there was a price like 2 dollars. I didn't look into it because most things I saw online were scams. Plus I was also young and unknowning about many things. then a few years later again me and my friend saw a video on youtube about chinese bitcoin miner predicting bitcoin going to 1 million dollars, this was when bitcoin was at 200 100 dollars or so. We both laughed and continued to smoke weed and video games. then later we heard bitcoin hit 1200 dollars. we didn't pay attention still. THEN we heard it crashed massively after mtgox or whatever went down. we thought. so this is the end of that scam... some time passes and bitcoin is again at 500. I want to buy. Then I get a GF and forget about bitcoin cause im having sex and doing drama life. my kyc acccount is ready and i could have bought at 600 but forgot about it because girlfriend drama. we break up a year and half later. I buy bitcoin at 3000 bux. (2017). and there are probably a lot of people who had a similar story. things come into your life but you don't always recognise the opportunity.

[Anonymous No.57244062]

>>57243964
I used my Pentium D powered personal computer to mine Bitcoin in 2010 when I was 16. The computer was in a the office room of our house so naturally I'd get bad looks from my parents if I had left it running overnight. I mined for a ~40 hours at most. I've since reformatted the HDD a bunch because all the warez and other software frequently grinded the speed to a halt.

[Anonymous No.57244093]

>>57243964
just think about that Gold man. he was told about bitcoin around a dollar and never looked into it, a wealthy investor that knew the ins and outs of market and finance. and he still hasn't bought. Peter shiff or something. He is a bigger retard than you fren.

we can atleast blame it on being young and unaware / not paying attention and being unknowning.

[Anonymous No.57244095]

>>57243964
2014 as well. my big brother tried to get me into it. it sounded like pie in the sky get rich quick nonsense.
I should have listened to him

[Anonymous No.57244111]

I was 14 in 2014. Begged my parents to let me buy some using their card. They refused. Haunts me to this day

[Anonymous No.57244135]

>>57243964
Was being shilled it around 2011 as an extension of the poker scene on 2+2 forums as a way of circumventing US gambling restrictions. Even considered playing poker with Bitcoin as the sites then were soft but decided not to because I didn’t like the idea of my bankroll being in a volatile asset. I had a better chance than most to get in and still ignored it like a fucking retard.
Semi made it with Painlink after I finally joined the hordes in 2017 though

[Anonymous No.57244138]

Don't remember the year but back before exchanges were a thing and you had to buy it off a website with PayPal.
I was a teen with not much money so I didn't want to waste it getting scammed with Internet funny money.

I wouldn't have held till now anyway, that is my cope.

[Anonymous No.57244184]

>>57243964
I remember hearing about Bitcoin for the first time in January or February of 2011, the price was around 30 or 40 cents at the time. I was unemployed 18 year old at the time and didn't think too much of it. On /g/ at the time threads started popping up it, pool mining was just a few months old at the time and some people on /g/ were mining it. I think I mined for a day on my shit computer at the time, earned maybe .1 BTC but I thought this was a waste of time and forgot about it and lost that wallet.

The threads on/g/ back then were not all optimistic about Bitcoin for the most part. 1 Bitcoin going for a dollar was considered by most an absurd idea that was never going to happen because Bitcoin had went up from 1 cent few months ago to 30 cents so obviously it was going to crash and it would be over.

I didn't end up putting any effort into understanding what Bitcoin was or buying any till near the end of 2020.


Ultimately though you shouldn't feel too bad, plenty of things have pumped over the years and hindsight is 2020.

[Anonymous No.57244204]

>>57243964
there is a big difference between "knowing about bitcoin" and "understanding the upward potential + pulling the trigger and buying it with a good chunk of your money"

[Anonymous No.57244229]

>>57244111
You couldn't buy it with a credit card back then retard

[Anonymous No.57244302]

I don't get this "I heard about Bitcoin in 2010 and didn't buy" mentality. Even if you had bought, you would have sold at the first 10x. The only people who got super rich were people who forgot they had it and suddenly found out it was worth millions.

[Anonymous No.57244393]

>>57243964
>>57243989
>>57243999
>>57244048
>>57244062
>>57244093
>>57244095
>>57244111
>>57244135
>>57244138
>>57244184
>>57244204
You could still invest in PregnantButt and make it
>Butttt it's a scam...
You said the same about Bitcoin, maybe learn from your past and be a man

[Anonymous No.57244404]

>>57243964
>knew about BTC in 09/10 because my contact for troubleshooting pc hardware was mining
>never bought, even though I had tons of free money for college from grants that was spent on beer, weed and women
>started buying eth up from $15-$120 in 2017 on the toilet, browsing /biz/
>ended up trading up by swinging on binance, got a large 20k+ bag of link
>lose half of link gambling/speculating in bear market depression
>See my portfolio at $500k in 2021, sell nothing thinking it's going way higher
>Portfolio now worth $130k
>At least I still have 10k linkies
All in all, could be worse. Anyone who complains about $100k+ in the bank when they barely invested anything (in my case, maybe $1.2k USD) is mentally broken. This ought to make you feel better about yourself though, and I assure you my story is closer to the typical reality/life cycle of a crypto investor than the false-reality you have convinced yourself of where everyone and their mother is becoming a millionaire buying dog coins. 90% of people are exit liquidity, you want asymmetric leverage and time in the market > timing the market and gambling.

[Anonymous No.57244408]

I remember when Bitcoin hitting $1 was considered a huge achievement. I was like 12yo back then, tho.

[Anonymous No.57244425]

>>57244408
>I was like 12yo back then
and you're still a faggot today.

[Anonymous No.57244441]

>>57243964
Was a BS Computer Science student in 2009. Our professor taught us about Bitcoin, how it was supposedly an "experimental online currency", but it was decentralized.

I had enough knowledge to have a general idea how it worked:
using asymmetric encryption, you can have a private key to sign transactions with, and everyone can verify it using your public key.
And "miners" created blocks of transactions using a hashing algorithm, and the hash had to have a preceding number of zeroes, this was the mining difficulty that periodically adjusts itself.
And the block contains the hash of the previous block, creating a chain of "spent processing power" that cannot be counterfeited (PoW), and they got rewarded new bitcoins for it.

But he neglected to mention things like the halving, or the 21 million limit.

So I had spent several years explaining Bitcoin to friends who would read about it somewhere, but didn't know the value proposition and scarcity aspect.
I thought it was just another version of MMO gold.

Then I heard about Silk Road, and of course I thought, that was a logical use for it, so I avoided it even more, being in a country where any involvement in drugs could mean the death penalty.

Then I finally read about the scarcity of Bitcoin in 2017. So I decided if it was gonna be that rare, gotta get some, a whole coin (or a few) would be nice.

Then I was surprised it was in $1000 range each, when I remember faucets gave away 5 each a pop (which I just ignored, as I had already wasted years of my life on MMOs, so I wanted to avoid getting addicted to anything similar anymore)

Could've been set for life, but I guess my professor was "kind" enough to omit anything that sounded like it could pull us in, thanks for protecting us from "being scammed"..... could've been set for life......

[Anonymous No.57245105]

I remember reading in the summer of 2010 about the famous use of bitcoin to buy Pizzas.
However I also remembered previous attempts at digital cash during the dot com boom of the late 90s which all failed so I didn't get too excited.
Then in 2013 I was reminded of bitcoin and crypto funnily enough by the dailystormer website of all places.
I kept an eye on it but was scared off by things like the MT GOX failure.
One thing I was puzzled about was the libertarian branding of bitcoin as an attack on central banking and money for the people when in fact it's traceable so I started looking into privacy coins.
At the time the main ones were Monero and Darkcoin later rebranded to Dash.
I bought some Dash in 2016 at around 10 dollars because it seemed to have more hype around it and it started to increase in price in 2017.
It reached 100 dollars in six months and I sold it because I thought the top was in and in the stock market a ten bagger in that short time span is a very rare and an excellent performance.
I was delighted with myself.
Anyway the damn thing kept going up and up and I watched in disbelief as it finally hit 1,200 dollars in early 2018.
I'm quite a conservative investor but never actually bought very much bitcoin concentrating instead on alt and memecoins.

[Anonymous No.57245118]

Got offered a shit ton of Bitcoin for my WoW account back in 2010 from a chink website and I said no I want USD.

[Anonymous No.57245131]

>>57243964
I was a newfag who found these boards in 2016. Bought a couple hundred dollars of LINK because the people here seemed trustworthy and knowledgeable.
Still far from making it.

[Anonymous No.57245162]

Reminder that no matter how early you would have bought Bitcoin, you would have FOMO'd.

[Anonymous No.57245178]

>>57243964
When were those shitty bitcoin faucets a thing? I remember being a senior in highschool back in like 2010 trying to farm all the faucets, most of which were just total scams. Honestly not sure if any of them were legit.

Besides that I think the first time I actually used crypto was for buying stuff from the silk road back in 2010. Feel like the silk road was a lot of people's first experience with crypto

[Anonymous No.57245182]

>>57243964
Honestly can't remember the exact year. Somebody tipped me .11 BTC. The company it was held with went under and cashed me out. I didn't get around to putting in back into BTC. I kept telling myself that it was too expensive. Then every year after that I said the same. Only actually bought any recently and I'm really pissed off at myself.

[Anonymous No.57245184]

>>57243964
2010, was really close to tossing $100 at it but that was a lot to me back then and I didn't want to figure out how to buy. Biggest regret in life.

[Anonymous No.57245222]

I didn't hear about Bitcoin until 2017. I made some money off of the Link stable coin though.

[Anonymous No.57245255]

>>57243964
I have you beat. I bought bitcoin in 2012 and couldn’t figure out some wallet and forgot about it until 2017 and proceeded to buy shitcoins and now carry a small bag of link. I’m not even 6 figures. No one can beat me at being a loser lol.

[Anonymous No.57245294]

>>57243964
Was aware of it not long after launch. I remember talking to friends about it in like 2010-2011. Even did a report on it for a class in 2013 when it had the pump after the Cyprus bank run, but I was a broke college student just delivering pizza and going to class, any spare change went towards partying. If I had not gone to school and just worked a full time bullshit job, and put money in btc, I would be retired.

[Anonymous No.57245313]

>>57245255
I now own solidly and kns. Just a warning to those that it’s only something sub 90 iq would invest in. I’ve been doing this shit for years.

[Anonymous No.57245322]

>>57245162
Are you one of these retards who use the term FOMO for everything? I believe what you want to say is "you would have sold early". Which yes, most people would have, probably even when it was in the triple digits.
You'd have to have been a particularly high powered schizo to look at this novel digital currency and realize "dude, through a combination of finance jews doing finance jew shit and money printing, this currency is gonna be worth $40k even in a bear market in 5-6 years".

[Anonymous No.57245333]

>>57245294
Fascinating. You were in it for the tech. Few knew it’s investment opportunity. But it makes me feel better thx

[Anonymous No.57245363]

>>57243964
Found bitcoin randomly around 2010, but I was just 14 years old back then. I became genuinely interested, downloaded the wallet and tried to mine it using my laptop. Seeing the very small numbers appear on the screen discouraged me. Also saw some faucets online but the small amounts of BTC they gave away seemed like a waste of time.
Discovered 4chan early 2017, bought LINK but also some dead projects like Substratum, LAToken, EOS, Bounty0x, ARK and stuff shilled by DataDash. Mined some eth with a few GPUs. Still far from making it with crypto, but that's fine. I like this board, although I surely don't pass as an oldfag. Video is OC from 2017, maybe someone remembers

[Anonymous No.57245380]

>>57244302
Could be me, I had a miner on my computer around 2012 at my parents house when I was 18. They still have it and I haven't taken the time to check. I'm not sure if I ever got it running or not, but if I did who knows how much might be just sitting there

[Anonymous No.57245468]

>>57243964
I could have bought in for pennies but thought it was an interesting social experiment and proof of concept for the block chain technology turned into an elaborate ponzi scheme. My opinion hasn't changed much in that regard and still will not purchase btc no matter how many millionaires it makes because at the end of the day, it's still useless imaginary numbers on a server that will some day soon be obsolete by AI abilities to crack it. Not to mention the more time that passes the likelihood of a Carrington event approaches 1.

[Anonymous No.57245498]

>>57245468
cope and seethe, proud nocoiner

[Anonymous No.57245545]

>>57245468
lmfao the levels of cope is strong

[Anonymous No.57245572]

>>57245498
I'm not going to argue with you about how bitcoin is successful despite a severe lack of merit or tangible value. OP asked a question, I answered it honestly. I have no regrets about my decisions with not investing in crypto. It was a huge gamble and to have made it you would need levels of delusion to hold through the ups and downs that will make many of you hold through it's death cycle.
I'm happy for those that have found success with it. Good for them. But go ahead and make fun of me for a more pragmatic approach with far less risk that still leaves me plenty comfortable at the end of the day.
I'll try not to run it in to hard when your useless technology goes to 0.

[Anonymous No.57245736]

>>57245572
I also don't believe in bitcoin, it's long outdated technology. Other projects however could disrupt and transform specific business divisions and have profound societal impact, throwing a couple hundred bucks at it seems like a good idea for me.
Buf fine if for you it's all or nothing.

[Anonymous No.57245821]

>>57245468
>>57245572
This is when regret turns to hate and then next thing you know you’re posting in r/buttcoin and occationally seething here in /biz/. Really sad

[Anonymous No.57245854]

I knew about it in 2011 when kids in my highschool web design class were talking about mining it. I wanted to buy some because it sounded cool but didn't know how and forgot about it until it was too late. Life could've been so different bros

[Anonymous No.57245858]

>>57245821
Please don't tell me how I feel. It's embarrassing for you.

[Anonymous No.57246007]

>>57243964
I knew about bitcoin back in 2012 when I was 12, flash forward a couple months and I had the balls to steal my dads credit card to buy shit in fucking combat arms no BTC.

[Anonymous No.57246135]

>>57243964
I def have the record. Spend hours configuring the build to run on my machine so I could start mining in 09. This was before BTC had a price and before bitcointalk forums existed. BTC was an obscure idea being discussed on very niche cryptography message boards. It felt dangerous at the time… like the fbi was gonna show up with some bs charges like “conspiracy to overthrow the government” because we were exploring alternative currency ideas. I deleting everything. Was bitter af about missing out once BTC had a price and it started to rise. Stayed out of the market for many years after. Finally bought in in 2017

[Anonymous No.57246180]

>>57246135
Also, most of you fags saying you heard about it before 2011 are probably either misremembering or larping. You didn’t almost buy Bitcoin in 2010, because it was worthless, with no price, and there were no exchanges. Dude spent 10k BTC on two pizzas in 2010 because that seemed like a good deal at the time, it was worthless. Rare few anons still remember the early days.

[Anonymous No.57246238]

>>57245333
There were two kinds of people o to Bitcoin in the early days… extremely high iq programmers who thought it was remarkable that someone solved the double spend issue in a novel way. They never believed it would be worth much though. The second group were incredibly schizo fed poasters who ranted non stop about the federal reserve being a scam… like max keiser. I was a bit of both, but mostly the latter at that time of my life.

[Anonymous No.57246298]

>>57243964
Saw it on Silk Road back in 2012. Even back then I was like “damn these bitcoins are expensive”. Was like 16 or so.

[Anonymous No.57246309]

>>57244425
Why projecting?? ????

[Anonymous No.57246335]

I would get psychedelics off a guy who purchased them online with bitcoin in 2011
he was quite excited about this new frontier of economic technology but I didn't care at all
I think he made it, haven't heard from him in ages, he probably had a few thousand btc

[Anonymous No.57246356]

>>57245313
Lmao don’t beat yourself down. You at least made my laugh.

[Anonymous No.57246382]

I did a mining pool with my PC in like 2011/12 in high school I would have been like 15-6, pretty sure I formatted by drive later totally forgot about it after. Was dirt poor or a neet until like a year ago so only started buying in this run up...

[Anonymous No.57246400]

>>57245854
Only one country uses btc as legal tender and the etf isn’t even out yet. You’re still kinda KINDA early.