Crazy Experiment from Back in 2011

Hey everyone, I just came across this wild story about a Bitcoin blogger. Between 2010 and 2011, this dude (let's call him Btc Blogger) actually hired someone to dress up in a goofy, maybe even embarrassing costume and stand in a busy spot for 15 minutes holding a sign that read "Stop the FED! Use Bitcoin". He paid that person with 32 bitcoins, which today would be worth around 2.144 million dollars. That's insane! But wait, there's more. He also shared his wallet address for donations, and in just a few days, he managed to rake in 96 bitcoins! Crazy right? Those who tipped 1 bitcoin probably crack up now when they realize how much that was back then. I wonder if the folks who donated more than 1 bitcoin are kicking themselves now since the value has skyrocketed. Back then, they probably thought bitcoin was worthless or not worth much at all. But now, just having one bitcoin is a big deal. Can you imagine how Btc Blogger feels? Paid out 32 bitcoins and brought in 96. I’m curious if he sold them all or is still holding on to them. Here’s the donation address he used: https://www.blockchain.com/explorer/addresses/btc/15Qvts3L2ML538ybH3xP9hKrM282QS6NSL By the way, not sure if I put this in the right section, so if it’s wrong, please help me out and move it.

Is the blogger who posted that rich? Of the 96 bitcoins he raised during that time, has he still managed to save at least one bitcoin at this time? Or maybe he sold all of his bitcoins when the market price hit $20k in 2017? Or maybe in 2013 he sold all of the bitcoins he got from donations that reached 96btc? He must be feeling a lot of regret right now. In fact, no one knew that the price of bitcoin would increase like this during this time. Who would have thought, right?

Some of the opportunities that comes across our ways maybe doubted by us and in most cases, we don't seem to believe them or have the ability of taking risk over such, had it been that many have been well informed and afford taking the risk of considering bitcoin as a profitable assets for them to hold, then things would have been more better now for them than in the past, but I don't blame many because of the way scam is more rampant online, and people are being afraid of not losing it for any new order again as they might have fall a victim in the past.

This is the first time I've heard of this story. Whoever is behind it all obviously understood very early on what Bitcoin really was and had the courage to pull off something like that. Still, maybe it wasn't as dangerous to promote BTC back then as it was when others did it in a much more challenging way. One of the famous photographs was taken then, and as far as I know, the caption that appears was sold at auction.

It's a wrong comparison between what was in the past and what is now. Like Bitcoin and pizza trade, other trades when Bitcoin price was very cheap many years ago. Some events hosted with good bitcoin awards that don't worth too much in the past but why do we need to calculate how much those past bitcoins worth in 2026? It's unnecessary as these people very likely lost their coins or sold their coins for small money in the past. These events are milestones in Bitcoin history as they always are, but we don't need to do price calculation with 2026 price.

Why is this cut off? I got curious so I tried to look for the web archive, and fortunately I managed to find it after searching for a while. There's also some additional images there. https://web.archive.org/web/20110303141800/http://www.bitcoinblogger.com/2011/01/power-of-bitcoins.html Quoting the full story: It seems like 32 BTC was around $10~$11 back then. That's definitely not bad at all, considering that all he had to do was stand for 15 minutes (and keep in mind, he got more from donations too). He probably sold them immediately though . If he held it even just for a year or two, then he might've made a lot more.

I totally agree with that. There has been a lot of such incidents or events back in the day when people got a bunch of bitcoins during the early days and they either sold them quickly or lost them because they thought it has no worth, and they were not wrong to think that way because Bitcoin at that time was worth only a few cents, and it was just like a normal altcoin that we see in the market these days which is worth a few cents and we barely even care to buy it and if we get some of it from an event or as a reward, we will immediately head to the market and sell them because we feel it might lose value in the future. Even I had a good amount of bitcoins in the past when the price wasn't this high, but I sold them when the price went a bit high, because we can't see the future and think that if we hold, it might go to a $100k one day and then we will have a lot of money, because as soon as you see that the price is already pretty good and you are getting a good amount based on current times, you will go for it. Even those who are selling their coins at $100k might regret that they should have held if Bitcoin reaches $500k in the future, but they shouldn't regret it.