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Topic: 2011 People Called Bitcoin's Price of $0.70 "Ridiculous"... - page 3. (Read 789 times)

full member
Activity: 616
Merit: 167
Seriously if you had a time machine you could be a millionaire in 5 years starting with less than one hundred bucks. It's crazy to think about those gains I don't think any company (amazon, apple etc) would get anywhere close to those insane medium term increases.
legendary
Activity: 2282
Merit: 1041
The first posts are funny when you think of it now.

Quote
i wonder if these people all share the same mental illness, or if it's more of a general hodgepodge of stupid

Maybe some of those guys bought a few BTC out of curiosity and got rich as fuck without really knowing what they were doing.
Good find OP, thanks for this !

I bet they'd find it more ridiculous now that its more than $3500.
OP is digging post of more than 5 years from other forums, I wonder if he also spam there to promote a bitcoin related business. Smiley

There are still people doing it today, they can't believe it asking what sort of things happen to people buying BTC when its all just a digital byte without value. You can go over to digitalpoint forum where webmasters stays but there are people there promoting btc as well.
sr. member
Activity: 1512
Merit: 316
that is why you should never listen to what others tell you on the internet specially when it comes to money. they will never be helpful to you, anybody who is wasting their time posting things online is doing it for their own benefit.

and it is not only about the negative comments about bitcoin. it is true about everything and both positive and negative comments.

You just wrote my thoughts! Each person should think with his head and responsible for his own choice. Then there will be no regrets and accusations. And I think that many of those guys, from 2011, are still here in crypto and they don't regret for anything.

Only people who would be regretting would be those who dint know the concept of hold or are the ones who would never believed in this crypto currency concept and the coins. Rest of them who knew its future and know holding power would definitely are the ones who have become millionaire and some of them billionaire as well by now.
hero member
Activity: 3052
Merit: 685
that is why you should never listen to what others tell you on the internet specially when it comes to money. they will never be helpful to you, anybody who is wasting their time posting things online is doing it for their own benefit.

and it is not only about the negative comments about bitcoin. it is true about everything and both positive and negative comments.

You just wrote my thoughts! Each person should think with his head and responsible for his own choice. Then there will be no regrets and accusations. And I think that many of those guys, from 2011, are still here in crypto and they don't regret for anything.
This market is full of greedy people, some would be willing to give their fake prediction just to take advantage of the weak people, of course they do give false information as well. So, what are we going to do? We should be smart, rely on our own based on our research so we are convince in every action we make.
full member
Activity: 910
Merit: 100
that is why you should never listen to what others tell you on the internet specially when it comes to money. they will never be helpful to you, anybody who is wasting their time posting things online is doing it for their own benefit.

and it is not only about the negative comments about bitcoin. it is true about everything and both positive and negative comments.

You just wrote my thoughts! Each person should think with his head and responsible for his own choice. Then there will be no regrets and accusations. And I think that many of those guys, from 2011, are still here in crypto and they don't regret for anything.
jr. member
Activity: 167
Merit: 2
I don't care about bitcoin going down to any price, but bitcoin will go up again and return to normal again, so that's what keeps me relaxed waiting for bitcoin to recover
member
Activity: 616
Merit: 30


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/
Well if we can turn back time for sure that ridiculous price will become reversed reaction for sure,but we cant blame the person wayback because that time bitcoin only uses by some IT’s and not for all people so pricing a $70 cents is a huge amount for nothing.
jr. member
Activity: 462
Merit: 1


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/
"There are people doing this to the max. One guy apparently using diesel generators to power his farm because it's cheaper than his electricity rates." - it's pretty funny Grin Grin
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
Always something of a curiosity to read about all these guys. The market today is awash with talk of pioneers trying to disrupt this and revolutionise that, but it's really those guys that started experimenting that are the unsung pioneers. Read a few posts down from OP's link, the same guy dissing OP goes on to show some guy firing up diesel generators to mine Bitcoin. Doesn't sound like concerted manipulation from the few, if you ask me, just some guys trying something that ended up working.

Wonder where all these naysayers are now?

Probably in the same place they were back then: In their computer chairs, grinding the online poker tables and talking shit on the internet. People were building a new world and they just watched it go by.

Who knows, maybe some of them came around to their senses. Maybe some of them are members of this forum now. Cheesy
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
that is why you should never listen to what others tell you on the internet specially when it comes to money. they will never be helpful to you, anybody who is wasting their time posting things online is doing it for their own benefit.

and it is not only about the negative comments about bitcoin. it is true about everything and both positive and negative comments.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
Haha that's great. Poor guy probably sold out at 70 cents thinking he outsmarted the rest of the community Wink

Wonder if in another 5 years we'll have the equivalent of people saying $4k is ridiculous while bitcoin sits on ATHs.

They should have waited for few years then they couldn't have said Bitcoin Ridiculous. BTC growth was very quick within few years it reached the position which we have never think about it

the bitcoin rises (growth) has always been fast and will remain that way for a long time simply because of how the adoption works in addition to all the roadblocks that are being placed in front of adoption. each time one of them is broken into (like an FUD being debunked,... ) there is a surge of adoption which leads to a big price rise which most of the times surprises people because they can't explain it.
member
Activity: 231
Merit: 19
We can now look at it as funny. How i wish i know bitcoin and crypto in general back in those days. Never too late though as this industry is so young and so much more can happen. There is always a positive things hopping on board early to everything.
legendary
Activity: 1652
Merit: 1483
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/

it's funny you bring up 2+2. i played a lot of online poker back in 2010-11 and i was a regular on the 2+2 forums. those forums were actually my first exposure to bitcoin. everyone made fun of it, so i never took it seriously.

the US government shut down my main sources of income around that time---pokerstars and full tilt. a year later, i was buying bitcoins. not because i knew anything about the technology but because i could play poker on seals with clubs with BTC and not worry about banking problems. the poker sites still serving the USA kept having money seized, checks would always bounce, etc

seals with clubs was kind of a bust but i became a bitcoiner after that. it was really empowering. i don't think the 2+2 crowd ever really wrapped their head around it.
full member
Activity: 616
Merit: 167
Haha that's great. Poor guy probably sold out at 70 cents thinking he outsmarted the rest of the community Wink

Wonder if in another 5 years we'll have the equivalent of people saying $4k is ridiculous while bitcoin sits on ATHs.

They should have waited for few years then they couldn't have said Bitcoin Ridiculous. BTC growth was very quick within few years it reached the position which we have never think about it and now also it will be going to reach to good value we just need to be calm and wait for the good time coming ahead.

I think predicting when ATHs will be is almost impossible.

I still think it is strange that someone would join a bitcoin forum to argue that bitcoin is worthless. Kind of seems misplaced.
hero member
Activity: 991
Merit: 500
Haha that's great. Poor guy probably sold out at 70 cents thinking he outsmarted the rest of the community Wink

Wonder if in another 5 years we'll have the equivalent of people saying $4k is ridiculous while bitcoin sits on ATHs.

They should have waited for few years then they couldn't have said Bitcoin Ridiculous. BTC growth was very quick within few years it reached the position which we have never think about it and now also it will be going to reach to good value we just need to be calm and wait for the good time coming ahead.
legendary
Activity: 3472
Merit: 10611
the worst part of it is that the comments have not even changed which means the innovation of FUDsters doesn't even exist anymore, they are just copying what has been said for years without even putting the smallest amount of thought into it.

Wonder if in another 5 years we'll have the equivalent of people saying $4k is ridiculous while bitcoin sits on ATHs.

you don't have to wait 5 years. they are saying $4k is ridiculous right now too! basically at any time and at any price (no matter what price it is) there are a bunch of idiots who are saying the same thing!
copper member
Activity: 24
Merit: 0
I think it is wrong to rate everything according to the value of paper money without paying attention to what it is, how it was created and what it could do. Even the paper money which is valuable today originates from humanity itself. But ignoring BTC will return as the greatest regret.
Couldn't agree more! Tongue
full member
Activity: 616
Merit: 167
Haha that's great. Poor guy probably sold out at 70 cents thinking he outsmarted the rest of the community Wink

Wonder if in another 5 years we'll have the equivalent of people saying $4k is ridiculous while bitcoin sits on ATHs.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
I've no objections on that whatsoever, knowing that that was the year when bitcoin recently came to the forums and troll boxes. Also, during that time, no one really uses or know what bitcoin even is. IMO, when bitcoin is reaching new highs, people would surely be questioning its viability as we clearly haven't been to those ranges before, and we don't know whether we'll be able to penetrate further, or at least maintain our footing for long.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
That's not so illogical proposal if we consider that was posted in 2011 year but now when people are very pessimistic, they say bitcoin will disappear, it has no future and etc, this is insane.
I think it is wrong to rate everything according to the value of paper money without paying attention to what it is, how it was created and what it could do. Even the paper money which is valuable today originates from humanity itself. But ignoring BTC will return as the greatest regret.
That's not right too because people look bitcoin as an investment option so for them price in usd and euro means a lot. Also people look bitcoin as a payment method which is different from others, just see how they compare bitcoin to paypal which is ridiculous too. That's the way how people see bitcoin.
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