Here's an interesting story: a well-known Web3 professional's initial source of Bitcoin is quite legendary—he bought his first batch of BTC on Taobao for just 50 cents. Even more incredible, at that time, miners couldn't find any buyers, and the coins were sitting idle in their wallets with no takers, so they simply gave away 1,000 coins for free. It's hard to imagine this today. From the ultra-low price of $0.5 to the era where no one was interested and coins were handed out for free, to now, where BTC has long become a global asset allocation target—this entire experience perfectly illustrates Bitcoin's journey from the fringes to mainstream.

BTC-0,64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
AirdropGrandpavip
· 01-22 04:47
Damn, grabbing Bitcoin for 50 cents? I can't believe I have to spend money even to get an airdrop now. It's really frustrating me.
View OriginalReply0
rekt_but_vibingvip
· 01-20 06:50
Can you buy BTC for 50 cents on Taobao? How did I not think of that back then? Now I can only rely on mining and DCA.

---

Mining workers give away 1000 coins for free? This guy is really lucky. Now I can't even imagine such things.

---

Wait, is this real? Can you still buy coins on Taobao? I need to check my transaction history.

---

From being forced to give away for free to becoming a global asset target, this turn of events is incredible... Who would have thought in the early days?

---

50 cents per BTC. I'm so anxious now trying to accumulate. The scale is completely different.

---

Back then, miners had a bunch of coins that no one wanted. Now it's our turn to be anxious like this, haha.

---

I've really never heard of buying coins on Taobao. Feels like this guy hit the lowest point of the era.
View OriginalReply0
BTCWaveRidervip
· 01-20 06:48
Oh my god, how much is the coin I bought for 50 cents worth now... My mentality is崩了

Early miners really got coins for free, now I can't even imagine this price

Can you buy BTC on Taobao? The internet environment back then must have been wild

From giving away for free to becoming a global asset, the jump is incredible, feels like a dream

Missing that era is truly a lifetime regret

Miners back then pushed their holdings to the point of giving away for free, how regretful they must be now haha

Is this the earliest "HODL" story, pure luck of the draw

Imagine holding 1000 BTC and sleeping until now... I can't

From $0.5 to now, anyone who has played with coins should take a cold shower and calm down

This guy definitely didn't expect to be this rich back then
View OriginalReply0
SatoshiSherpavip
· 01-20 06:29
50 cents to buy BTC? Damn, how early was that? Were people already trading cryptocurrencies back then on Taobao?

---

Giving away 1000 coins for free... Thinking about it now, they probably just took off straight away. That luck was just too incredible.

---

From nobody wanting it to becoming a global asset standard, Bitcoin has truly rewritten the entire narrative over the past ten years.

---

So the question is, what were the people selling coins on Taobao thinking back then? Their vision was just too poor.

---

This guy probably stumbled upon a huge bargain. What were the miners thinking at the time...

---

Wait, around 2011? Were there really miners actively giving away coins for free? The story sounds a bit too legendary.

---

Honestly, this is what early all-in investors did—took off, and latecomers always regret it.

---

From $0.5 to now, if you haven't sold yet, it would really be legendary. Unfortunately, most people already cashed out long ago.
View OriginalReply0
  • Pin