Opportunities can be split based on how much cash they require into two types: 1) those that need a lot of money to take advantage of; 2) those that require little or no cash at all. A good example of the first type is long-term real estate investment, which can need hundreds of thousands or even millions. The second type would be finding something of value for free.
I’d argue that the Bitcoin market during its first couple of years (2009-2010) fell into that second category. It felt like discovering a valuable piece of art in a trash can and slowly realizing it might actually be a rare masterpiece. It didn’t take any money, just a bit of vision.
In those early days, the main goal wasn’t about accumulating as many Bitcoins as possible; it was more about whether Bitcoin would even make it in the long run. The pioneers of Bitcoin were operating in a different mental space. Everyone involved understood that if Bitcoin survived, everything would be fine there was no need to be the first or the leader in this. Everyone who participated was basically a leader in their own right.
Plus, trying to hoard a ton of BTC wasn’t the smartest move because a larger number of Bitcoin holders would mean more supporters and a better chance for Bitcoin to thrive.
This whole situation in 2009-2010 was a stark contrast to what came later. Folks started throwing in all their savings and even borrowing money to buy Bitcoin.
Bitcoin market back in 2009-2010 when cash wasn't a big deal
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