Bitcoin just crossed $7.00 (2012)

https://news.ycombinator.com/item?id=4222873

by kolinko • 6 years ago

7 4 6 years ago

news.ycombinator.com

Normille• 6 years ago

Ha! Ha! --great find.

I didn't read the entire thread but I wonder if any of the people who commented then are still around? And, if so, what [with 40/40 hindsight] they make of their strongly held opinions back then. Especially the one who said he'd been mining 50 BTC a fortnight and selling them to 'idiots for $20 a pop'

Unfortunately my crypto portfolio is minuscule. I never had enough spare cash to invest anything much. But I did buy 0,14 of a BTC when it was around €500 and got myself 4 ETH when they were around €80. So, while I'm not going to retire on my nest egg, it might pay a few bills.

throwaway32921• 6 years ago

I played with Bitcoin for a while around when it started. My memory is a bit hazy, but my regular machine mined approx 50BTC per week on low priority. There were no exchanges back then. I sold most of mine "eventually" over some IRC channel #bitcoin-otc, at I think around 1-10 cent per BTC. I was a bit annoyed when it hit $1, a record high most people even in the (small) community did not necessarily expect. There was a small dip afterwards, I think from $1 to $0.80, so I got "scared" about "the bubble" and sold the rest that I still had then. Overall, my wallet has seen around 30000 BTC over time (not all from mining but also from some tiny donations to my projects).

Every once in a while, I get reminded of this and think "what if", but I am actually happy that I got out of it. Nobody could have possible known that this pyramid scheme still attracts more people. And it just stressed me out too much, even though it was mostly "play money" to begin with. But I couldn't help myself, I had to check every few hours, or at least every second day, which annoyed me too much because I didn't want to get sucked into stupid casino games. I guess I'm just not cut out for it, and also, I really value my own time over any monetary gain. And before you ask: I have been lucky so far to always get paid for doing jobs that I wanted to do, which makes me much more happy than to "understand markets". The friends I know that got into that for one reason or another are definitely not more happy than I am, and most of what they do is read stupid news and think about sentiments of people all day. No thank you.

That said, some years back I discovered that I still had some "spare change" in my old wallet, which I have kept since. (~3 BTC) And, guess what: I am already tempted again to sell them, as I still don't "believe in bitcoin"...

ur-whale2• 6 years ago

Ah, I had forgotten Bitcoinica.

You have been ZhouTong'd ! [1]

I wonder what's happened to him.

[1] https://cryptoanarchy.wiki/people/zhou-tong

ur-whale2• 6 years ago

Oh, and pirateat40 ... greatest bitcoin scam ever. I had forgotten about him as well.

Great find indeed :D

Bitcoin just crossed $7.00 (2012)

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