2011 People Called Bitcoin's Price of $0.70 "Ridiculous"...

clonely

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Quote from: meandmrjones on December 25, 2018, 02:09:07 PM

Lol... What do y'all think?

Here is a bitcoin discussion that has been going on since 2011 Grin

https://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/

Will the prices in the future be ridiculed? Or do we think we should have sold it back then? The history of Bitcoin is full of such memories ... I hope we won't sell it in the future as 3K.

By the way he looks like Escobar's youngest Grin

Wilhelm

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Quote from: ryap12 on January 24, 2019, 05:17:56 AM

I love reading their conversations. They belittled bitcoin so much and now look at where bitcoin stands. I'm pretty sure they have gotten themselves involve to bitcoin by now. It's passed 8 years now. One guy did plan to mine as much bitcoin as he can at that time, I wonder how he is doing now.

He's probably jailed for corporate theft.... or driving in a Lambo Roll Eyes

Wilhelm

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Quote from: mirakal on January 24, 2019, 05:13:25 AM

I wish I was able to invest that time, I would have retired early and roam around the world.

There are loads of penny stocks you could invest in now and still become very wealthy.
In those days it looked like throwing away money. Those few that mined some coins for fun and forgot about it are the winners.

What I am trying to say is that it is easy to say those kinds of things after you know the outcome.

ryap12

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I love reading their conversations. They belittled bitcoin so much and now look at where bitcoin stands. I'm pretty sure they have gotten themselves involve to bitcoin by now. It's passed 8 years now. One guy did plan to mine as much bitcoin as he can at that time, I wonder how he is doing now.

mirakal

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Quote from: crzy on January 20, 2019, 10:34:50 AM

Quote from: bitcoin31 on January 20, 2019, 05:21:41 AM

For sure they don't have any profit will get because they did not believe to bitcoin.

And those who traded that time are already one of the whales today. This is the risk that they afford to take, and the reward is awesome. I wonder if those people who says bitcoin is just a waste of money before, owns some bitcoin now? Well, I’m confident that they’ve already enter in the market but in a higher value.

Most probably and they are one of the whales who are controlling the price now.
I'm sure some of them had already retired and enjoy the rest of their lives with the bitcoin they are holding, and maybe
some of them had already cash out during the ATH and now living a life that is full of happiness since money is not anymore their problem.

I wish I was able to invest that time, I would have retired early and roam around the world.

crzy

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Quote from: bitcoin31 on January 20, 2019, 05:21:41 AM

For sure they don't have any profit will get because they did not believe to bitcoin.

And those who traded that time are already one of the whales today. This is the risk that they afford to take, and the reward is awesome. I wonder if those people who says bitcoin is just a waste of money before, owns some bitcoin now? Well, I’m confident that they’ve already enter in the market but in a higher value.

Wind_FURY

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I am very sure that less than 1% of the people in this topic would have the imagination enough to believe, that it could work if Bitcoin was presented to them during 2011. Including me. Cool

bitcoin31

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For sure they don't have any profit will get because they did not believe to bitcoin. But those people who are believe in the year 2011 they will have more money now. But no one knows in that year what is happen to bitcoin which is become very high and it's hard for them what is highest value of the bitcoin in the next few years.

cabron

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Now that its $3700, they still find it ridiculous. You just can't say when they'd say its amazing how BTC get to that point where its been accepted by so many merchants. Those guys who find it ridiculous don't know what blockchain can do and that makes sense because they know nothing about crypto.

STT

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i only look for something to be unique and innovative but I admit in 2011 or so I didnt realise BTC had this much growth potential and usage all over the world. I failed to recognise that a virtual exchange of value had been an indemand product since early nineties and BTC definitely had a reason to continue its sucess.

So I have to admit I was not on board back in 2011 though I wasnt this negative either I hope, its wasnt ridiculous just risky and its true now still but thats not a reason not to be involved. Just everyone should be balanced, I dont agree BTC will take over the world or any absolute view but it could easily be a product that has a greater part of trade done then is currently the case. If true that means growth and I would guess a backing to price demand etc

Quote

Total size 5,811,700 BTC
or 4,585,431 USD
or 3,545,137 EUR
or 133,094,323 RUB
or 3,849 ounces of gold

Definitely good to have perspective and understand the misconceptions of 2011, I gave OP merit. lest we forget the continual doubt

South Park

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Quote from: semobo on January 18, 2019, 01:47:56 PM

Normal people will always have this mind set whatever comes to the bitcoin and the blockchain technology they are just going to blame it unless they are going to get benefited from it. You are also don't be a common man just be ready to face the risk and become unique on your own.

Most people from a very early age are taught to not take risks and to play it safe, so whenever they see something new instead of being intrigued they claim it will not work, the same happened to the internet and almost any other great innovation, in the case of the internet it was called a fad and many people did not saw a need for it, which is similar to what is happening with bitcoin, but eventually they will see the benefits and will claim that people like us were just lucky to adopt bitcoin so early.

semobo

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Normal people will always have this mind set whatever comes to the bitcoin and the blockchain technology they are just going to blame it unless they are going to get benefited from it. You are also don't be a common man just be ready to face the risk and become unique on your own.

LFC_Bitcoin

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Let’s just enjoy the so called experts who ridicule bitcoin frothing at the mouth every time bitcoin rises & reaches a new ATH.

Let’s become the next generation of wealthy elite whilst the doubters kick themselves for not investing.

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Quote from: guoyu78 on January 03, 2019, 02:39:23 PM

Bad thing about those days is that I knew about bitcoin even those times. I even had like 6 bitcoins stashed somewhere (that I can't remember where) and I was looking at it like a game money. Kinda like wow golds or something like that, it wasn't really money to me at those times.

After that short one day or two interest I stopped caring about it until it was like 150 dollars or so in 2012-2013 times which I started back and this time I was really into it. I am still quite early to bitcoin but I could have been so much more earlier than my current stance. Of course as everyone would assume I have sold my coins when it went up and didn't kept too much, I do not posses any amount that means anything now but at least I made a decent profit from it and I am still earning more and more each day because I believe it will be even more than current price in the future.

Something similar has happened to most of us anyway, I also knew about bitcoin but I decided that it was not for me and that it was too soon to try to make anything with it, then years passed and I forgot about the whole deal until I found out that bitcoin was now worth a lot, as you may guess I regret not taking bitcoin seriously from the beginning but it does not matter, what it is important is that I am here and I am one of the few that are trying to accumulate bitcoin before it skyrockets again.

While the rest of the people do not even see anything wrong with fiat currency we are taking the time to accumulate the currency that will surely be an important part of the economy in the future.

BitHodler

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Quote from: vintages on January 05, 2019, 06:54:22 PM

I guess in 2011, a lot of investors did and say ridiculous things about Bitcoin. Very few believe in the existence of cryptocurrency.

At that point it actually made sense for people to be skeptical about something that hasn't had the time to prove itself. The panic that has been going through the market during corrections must have been frightening.

People currently think that Bitcoin could become worthless overnight, which is ridiculous, but at that point it wasn't that far away from becoming reality, so I definitely understand the fear within that time frame.

I occasionally browse through old speculation threads where people were going nuts on each other during crashes. Some made fun of others who bought the top of a rally (still below $10) that we right now can only dream of.

Speculation on this forum is still the same after all the years, the only difference is the price.

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Quote from: meandmrjones on December 25, 2018, 02:09:07 PM

Lol... What do y'all think?

Here is a bitcoin discussion that has been going on since 2011 Grin

https://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/

Because at that time bitcoin was only used by a small number of people, so he didn't know the positive effects of the value of the unstable bitcoin (real unstable). Therefore, this bitcoin is considered less attractive and is not feasible if used as an investment. Besides that, the market for cryptocurrency buying and selling is also not reliable, when compared to banks and stock brokers (that's the opinion of people in the past).

vintages

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'For a currency that no one uses' lol. What exactly is this guy going through now as he view the price of bitcoin. His lamentations will be one hell of funny now.. Simple, never be too quick to judge. I guess in 2011, a lot of investors did and say ridiculous things about Bitcoin. Very few believe in the existence of cryptocurrency.

2chase

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Bitcoin is in some way a paradoxical thing, analogs of which have never existed before either in nature or in society, therefore how its development takes place is very surprising and shocking, someone was shocked by the price of 70 cents for 1 BTC, now someone is shocking by the price of several thousand dollars. As long as its price continues to grow, it will occur constantly.

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Quote from: meandmrjones on December 25, 2018, 02:09:07 PM

Lol... What do y'all think?

Here is a bitcoin discussion that has been going on since 2011 Grin

https://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/

I wanna hear what are those people might say when they learn about bitcoin price reached almost $20,000 last 2017,since the $0.70 is ridiculous that year 8 years before now

Quote from: samcrypto on January 03, 2019, 07:56:03 PM

Quote from: elloco4ever on January 01, 2019, 01:11:11 PM

Well, that's the reason people say time will speak the entire world doesn't even cared about this when it was Introduced. Last year it showed a massive record performance those who believed in this made huge profits and those who were making fun are still the same.

Time proves them wrong and its good that this market was able to survive even a lot of people saying negative things just to destroy the reputation of bitcoin. Now we are slowly coming back from the peak, and there’s a lot of hope this year. Bitcoin will hit the media again this year because the journey to a new ETH is about to begin.

Bitcoin need nothing to prove them because they dont need to be here,negativity is not belongs here
But you’re right about the reputation of bitcoin stays strong even that they all do bad things about cryptocurrencies

okala

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Quote from: meandmrjones on December 25, 2018, 02:09:07 PM

Lol... What do y'all think?

Here is a bitcoin discussion that has been going on since 2011 Grin

https://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/

That is why I keep on saying that bitcoin is one of the Best investments one can make currently and we should forget about those that are saying bitcoin is death and bitcoin will not rise again. I think now should be the best time for one to invest in bitcoin and make good money when it recover.

Topic: 2011 People Called Bitcoin's Price of $0.70 "Ridiculous"... (Read 758 times)