But there were lot of ppl that treated bitcoin like it was nothing right?  Like they would send 100 or 1000 bitcoins to others without thinking much of it?

I am pretty sure if you bought 100 BTC at $1/BTC you would of most likely sold half of it at $2/BTC and the rest at $5-$20/BTC. Pretty sure this is how the majority of the sales took place.

There is a small percentage of people who are still holding in the $1-$20BTC area but they probably already took profits along the way. And some people like Roger Ver, ran a business and accepted BTC and had loads of it and only sold small amounts as the price kept rising exponentially.

Just remember owning 50 to 500 coins back in 2009 to 2012 was not a big accomplishment back then and people thought nothing of spending say 50 coins on t-shirts and whatever was sold back then. Lazlo's Pizza is a good example of that, so it only becomes relevant if those people bought those coins back then and hoarded it until after 2017. 

I bet ya, Gavin can kick himself for paying between 1 and 5 coins per hour via his faucet back then, but looking back at it, it might not have gained the same traction if he did not distribute those coins. 

Me - 250.375 BTC at $250 plus each.

Did ppl who bought btc at 1 dollar really sold them at 2 dollars or more?  I can understand that if you buy big amounts... but lot of ppl did this when say buying 100 btc at 1 dollar and then selling it off at 2 dollars for 100 dollar profit?


If that is case, wouldn't that mean tons of ppl had 1000s of btc especially when it was 50 cents or so?  At around what price in btc... did it start to get more ppl into it?  I know it was at 1 cent when it first came out... but at what price was it where ppl say okay this could be something?  Like 1 dollar?  Obviously when it was 10 or 30 dollars, that became pretty well known for ppl.

People have been urging others to stick a fork in it well into 2015 and beyond. I remember one guy starting a thread telling us he'd sold everything as he'd done the math and it was literally impossible for the price to ever go above $300.

Around 30 minutes after he posted that the price went over $300.

It's easy to forget how small it was in 2010/11 and how obvious everything looks in retrospect. If you'd made 100x times your money from 1c to 1$ then I'm sure many around now would've sold if they were around back then.

If you'd arrived on a thread in 2011 and laid out what was happening less than a decade later - a five figure price, the US president dissing it, the biggest names in finance getting ready to trade it - you would've been laughed out of there. People might have believed that if you said it happened in 2069.

Think again, before the merit system was introduced a year ago (2018), it took just appropriately 3years to achieve the legendary rank status with activities. Therefore anyone privilege to be active on the forum would had been able to achieve that rank irrespective of hodling bitcoin or not. Don't forget most users only joined the forum so they could earn themselves some bitcoin and not because they had bitcoin beside, back then the level of trust bitcoin has now wasn't present so not everyone would be optimistic enough to invest approximately $30,000-$50,000 into holding 100 BTC as you presume.

i think less than 0.0000013 of world population has ever held more then 1 bitcoin.
How does this info help you?

That is right, it is hard to tell, holding such Amount of bitcoin depends on the financial status of the investor and the amount bitcoin was sold for at the time the interest to invest in bitcoin arose. I doubt if we have anyone that can even still boast of having their BTC bought 10 years ago intact. We have several people that bought at 1 cent and sold at 1 dollar without ever thinking bitcoin will get to this stage.

The only people that I know usually do have up to such amount aside whales are traders, because tee more money they trade with, the more they get from it. Some have even been able to gather up to that, but because of personal needs, they end up spending. I could remember that there was time I could boast of 7 BTC, but as needs arises and I started spending, the BTC kept declining until it turns to 2 BTC, so for me, I can only boast of 2BTC right now for my bitcoin investment.