Looking back at when 2 hours of work earned 50 BTC, what can we learn about Bitcoin

Let’s take a moment to learn from those who were into Bitcoin ages ago and think about its future. I was checking out the popular thread about buying the dip and holding, and I noticed a linked thread where a teenager mentioned having over 95 Bitcoins stashed away. Pretty impressive for someone so young. There are a lot of quick but motivating comments there, especially when you consider how these early adopters saw Bitcoin and what it has achieved ten years later. These folks were true pioneers. Many believed in the Bitcoin dream, even when it felt just out of reach. You should definitely check out that thread not all of it, but at least the first couple of pages. Back in the day, Bitcoin was priced between $10 and $20, and having $100 seemed like a big deal. But these guys had the vision and held on tight to their Bitcoins because they really believed in it. So one user got paid 50 BTC for under two hours of work! This was back over 14 years ago when Bitcoin was around $10. Let’s break it down: 1 BTC was $10, so 50 BTC was worth 50 times $10, which equals $500. Today, that $500 would only get you about 0.0042 BTC. This really shows where our focus and investments should be. Chasing after crapcoins won’t get you far in the long run. So, this user earned over $500 for doing less than two hours of work. Just think, if you manage to set aside $500 through your dollar-cost averaging or whatever investment strategy you have for Bitcoin, how much more could you gain?

This where I draw my cotton's closed, I don't like to use the word imagine because it's never a reality, I don't know if I should call it some assumptions that people do get or use to motivate themselves from the past, because someone earn 50 BTC, in the past and your guts calculates it with today's rate it makes you feel like it's a big deal however at the point he had it it's more or less the same time as getting a free raffle draw of $50 today, it wouldn't be as exaggerated as it is today of 50 BTC. BTW I also acknowledged buying what you can buy or holding what you can hold today and stop looking into the past or what others must have achieved in the past years which basically if you where on bitcoin at that point you may or may not even have those Bitcoins now.

They are among the earliest user of bitcoin and they are the OG. Of course the early people always got the best opportunity since believing that early requires courage. Personally if I know bitcoin could get this massive I would've kept my bitcoin from back then, I got a good chunk of it, luckily I still kept some. but I already rebuilding my reserve and it's already pretty good. It's the cost of fading to say to the least. A good reminder.

who is to say that those people who had so many BTCitcoins didn't sell them at an early stage? most if not all would have sold their holdings when BTC first hit $1000 because if u bought a coin for $10 and it went to $1000 that's 100x  who would not sell if they made an investment that would bring them that much return? i know i would

Purchasing power decreases over time, thats one thing I have noticed. The fiat we use to compare Bitcoin had value decades ago, what you would buy with $10 was much better to what you will get with that amount today. So yes, I'm patiently holding my money in Bitcoin, I dont need them for anything now, so ill rather keep it in Bitcoin rather than fiat. At the same time, I am accumulating smaller amounts which i believe will amount to a good amount in the future. With DCA investing is a lot more easier and comfortable.

The dollar of 2025 is very different from 2011 so that is part of the price difference.   To emphasize this effect or really be more realistic we should not talk as if Dollar stays the same every year, it should be like the latest season or release each year.     So this year is Dollar-2025 and next year you can be sure it will have changed again, the point of currency is the fungibility and asset value retention such that it can be the basis for an economy but Dollar is failing to do so.  The price change in BTC is so rapid from this alteration in terms compounding every year for 14 years, the loss in value is considerable.   I'm excluding that Bitcoin itself has changed but we are not told BTC is a currency, it was an asset unexpected to last in 2011 and unfortunately I knew of its operation and said much the same myself and I only changed my mind in 2013 some.

If I have the means, I plan to hold my Bitcoin for a long time and hand it over to my children as an inheritance. But due to some pressing needs, I intend to sell within few years and rebuy when the price drops. After I am financially stable, I intend to keep DCAing and keep my Bitcoin for a longer period. I think we are in the early stages of Bitcoin. The Bitcoin price might get to $1m, but we don't know when.

All these talks about the bitcoin investment progressions as we advance in its adoption, the more we go the better its value increases and we don't have anything that is like almost the same as we have been having with bitcoin, those that were aware of bitcoin then never knew it could turned to be something magnanimous like this, that is why we should always take serious opportunities, because they may be once in a lifetime.

This doesn’t mean much. Bitcoin was worth much less back then. I remember in 2014-2015 or so, you could go to a dice site and got a faucet of like 10K sats and this was pretty much unlimited and only had a captcha to claim again. A few people could 10x that by rolling dice and make the min withdraw. And this was only 10 years ago. Earlier than that you could get bitcoin for free just by solving a captcha, and it still wasn’t worth the effort because it was useless in fiat value.

For sure, Bitcoin is an appreciating asset that requires holding for some period to maximize its potential profits. It is better holding Bitcoin than fiat, holding Bitcoin for a decade is suitable way to stay on profit without lifting a foot or raising hands to do job, holding fiat for that same period which is the opposite of Bitcoin in terms of appreciating and depreciating makes Bitcoin the best option to consider. Bitcoin in a whopping ATH of $100K can be worth $1 million in the next decade, anyone already doing the maths knows what choice to make.

Yep, if we have a choice and everything works as what we want, then we will really stick and accumulate Bitcoin throughout the years, hold as much as we can and maybe give it as a inheritance to our children or love ones. But it's not a perfect world that we live in, but yeah we will continue on our capacity to still accumulate in the next 10 years and see how it goes. Previous history of Bitcoin already told us that it is the best exit strategy, accumulate and keep stacking sats. It's no secret, what we can do is to execute it and have the mental toughness  to continue for years on.

One of the interesting idea I hoped this thread would bring is the foresight these guys had from way back. This was when Bitcoin was mare $10 or more and to many, it could be negligible too far from what we have today but, they knew it would be worth even more and stick to a holding plan till that happens. They had the mind of investors and were indeed rich gents. I think being this deep in Bitcoin and not have a Bitcoin investment plan that extends to your wards and left behinds even as an inheritance doesn’t show how much we believe. Somehow, we all had to see ourselves deeply rooted in the Bitcoin innovation until we pass and how to pass it on.

In the same spirit we are investing in Bitcoin now that Bitcoin is worth thousands of dollars, so by the time we get upto $1 million per the price of Bitcoin, it will be another story line how a few persons who believed were able to capture Bitcoin when the price hasn't gotten so high. What can never happen again is seeing Bitcoin back to $10, $100 or even $1000, we have grown above that price to never return, Bitcoin keeps increasing. Those who didn't buy Bitcoin low at $10 bought when it got to $100, some also didn't buy at $100 and bought at $1000, it keeps moving in similar direction, buying now has proven to be always better than buying later.

Sad part about this is that, we are not going to get this type of increase ever again. From 1k to 100k it is 100x increase, and yet, from 100k to do 100x, we would need to be 10 million. That is not easy and will not happen that quickly, maybe it will happen in the distant future, like when I am 80+, who knows, but it is not going to happen anytime soon. This is why we should be careful with our investment. If we keep hoping for an 100x from bitcoin yet again, then we are going to end up with a bad result  Make sure that it can be done in a good way, and you will end up with a much better result, it just wouldn't be a problem at all. Just look for it to increase better than other assets and be happy about that much.