Topic: Anyone here got into crypto before 2017? How was it before the hype? - page 3. (Read 1883 times)
September 08, 2018, 12:28:52 PM
I know something about the condition of Bitcoin before 2017. That's time it was not so popular. And it's price was $560 USD, That is so low comparing present price.This comparison says that after 5 or 10 years later Bitcoin price will rise in multiples times than now.
September 08, 2018, 12:31:22 PM
Market manipulation was much less before 2017. There were fewer investors and those who got in back then actually did their research. So it was a bit tough for the whales to manipulate but still they always find a way. Back then, the ICOs were very profitable too and companies were coming up with great projects.
September 08, 2018, 12:10:43 PM
I was a participant before 2017 and the market was volatile like it is now. Every now and then there were pumps and dumps but since there were less investors we would see those pumps and dumps happening at a smaller scale.
September 08, 2018, 12:00:37 PM
One of my close friend entered into crypto world in 2017 ad he used to buy some bitcoin and he able to be earn much by selling bitcoin in the last of the year.
September 08, 2018, 11:48:53 AM
Before 2017, there weren’t many participants in the crypto market so bigger pumps were less common. But we have seen worse situation than it is now. Trust me, bitcoin is doing much better compared to previous years, we just need to hold on to our patience.
September 08, 2018, 11:08:23 AM
The reason that more and more people are into the market today is because of the feasibility and the smooth access that we are getting right now. At the same time, before 2017, the tech savvy and the coders were the ones heavily invested in the market.
September 08, 2018, 10:56:35 AM
I came in 2014. Basically "just" after Mt Gox.
Manipulation was always there, but the amount of spam was much bearable.
The people had periods when they were unhappy about the price, but the most vocals were the miners. I remember very good the days from the summer of 2015, the price was slowly dropping (went back from gox 1k+ to under 200$) and the miners started stopping their gears.
I start to believe that the amount of "Bitcoin is falling to 0" spam (which is inevitable when the price drops) is proportional with the ATH and the % dropped from the ATH
Pump and dump was very common on altcoin market. Bitcoin market looked more stable (although Gox was clearly a pump and dump after all).
ICOs/IPOs were on small numbers. Back then there were no platforms to create tokens as easy as today. And building your own coin (usually PoS) meant more work and the need for more skills. Of course the image was much better at start and degraded over time, but scams were there back then too - from fake coins and fake ICOs to exchange "hacks". But it's a big difference if you lose 1000$ and when you lose 100000$ and the recent "boom" of Bitcoin (and all crypto market) has "caused" this. Back when Bitcoin has dropped to 200$ I knew it has to grow, but I never expected that in such a short time will grow 100x. Not Bitcoin.
And we are back to a relationship between scams (and spam) and the ATH
Manipulation was always there, but the amount of spam was much bearable.
The people had periods when they were unhappy about the price, but the most vocals were the miners. I remember very good the days from the summer of 2015, the price was slowly dropping (went back from gox 1k+ to under 200$) and the miners started stopping their gears.
I start to believe that the amount of "Bitcoin is falling to 0" spam (which is inevitable when the price drops) is proportional with the ATH and the % dropped from the ATH
Pump and dump was very common on altcoin market. Bitcoin market looked more stable (although Gox was clearly a pump and dump after all).
ICOs/IPOs were on small numbers. Back then there were no platforms to create tokens as easy as today. And building your own coin (usually PoS) meant more work and the need for more skills. Of course the image was much better at start and degraded over time, but scams were there back then too - from fake coins and fake ICOs to exchange "hacks". But it's a big difference if you lose 1000$ and when you lose 100000$ and the recent "boom" of Bitcoin (and all crypto market) has "caused" this. Back when Bitcoin has dropped to 200$ I knew it has to grow, but I never expected that in such a short time will grow 100x. Not Bitcoin.
And we are back to a relationship between scams (and spam) and the ATH
Thank you for this great answer.
What do you think about the bearish market in the last few months?
Do you believe it gonna recover any soon?
September 08, 2018, 10:05:36 AM
Crypto hype started even in 2015 wherein Bitcoin pump from its lowest price to around $1000 and more, people started to noticed it also even in the year that the price become only $90, I was reading some stories and they were wrong with their decision selling their bitcoin in $200 not knowing it can go $5000 ++ people were not thinking about manipulating the market since the system does the calculation but as of today there coming up with many various strategy--
September 08, 2018, 09:13:26 AM
I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I entered into crypto during starting months of 2017. So I learned so much from crypto space and I started investing little bit of my savings to appreciate capital gains. And at that time every investment idea worked because every crypto token is available in cheap rates. And then after Bitcoin Futures came into the picture Euphoria started from people around the world. And everyone started catching FOMO. And we saw the ATH for every crypto token. Then we are now seeing the blood from the market heavily and most of them lost their investment who invested in Euphoria phase. But the people who invested in 2017 starting or before are may be holding because a still they are in profits compared to the prices at that time. And of course they are long term believers.
September 08, 2018, 08:37:50 AM
As the years go by, technology is becoming more advanced and developed. Before the activities of the crypto could not be done on a simple desktop computer. But now we can do the work on a smart phone too. So yes, the hype has increased a lot from 2017.
September 08, 2018, 08:29:28 AM
I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I've been involved with crypto since 2013 and on this forum since early 2014 and there's always been waves of hype and excitement, but nothing like what was seen late last year as it was just crazy with the amount of newbies that were jumping on board the hype train due to FOMO (which is what I think powered it mostly). I'm sure we'll see many more of these cycles over the next decade or so but I do hope one day bitcoin levels off and calms down and can be used more as a legitimate and stable currency. With so much money to be made and greedy whales and investors I'm sure it will be a fair while before we see that calm however.
September 08, 2018, 08:16:44 AM
I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
Pump and dumps and market manipulation have been going on for years. They're nothing new and will likely continue to happen. ICOs seem to be growing more and more each month but they'll probably die off eventually as investors get tired of all the scams and losing money on them. I think people will become more wise to them and where they put their money and only invest in the ones that actually have something worthwhile behind them, but at the moment the majority of them are just get rick quick schemes.
September 08, 2018, 08:10:50 AM
I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
Before 2017, it might still be a waste because Bitcoin prices at that time were still small at the end of 2017 and could only feel the poor results that our coins could collect for ourselves.
But it is way easier to earn money back then. Faucets gives a lot of bitcoins, signature campaigns pays more. If you have worked for bitcoin back then and hold your earnings, you are pretty much well off right now.
September 08, 2018, 08:02:57 AM
I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
Before 2017, it might still be a waste because Bitcoin prices at that time were still small at the end of 2017 and could only feel the poor results that our coins could collect for ourselves.
September 08, 2018, 07:59:18 AM
I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I do not know how was Crypto market of Bitcoin before 2017. I just know that all my friends know bitcoin and involve in since the middle of 2017, and it was surprised because most of them become rich and got extra income here. They are helped financially through participating in bounty campaign. And I notice from their experience and story is that the market of bitcoin in 2017 was much better than now. Even they said that 2017 was the year of Crypto currency. It was pretty moment of bitcoin due to the high value of almost all coins.
September 08, 2018, 07:51:23 AM
I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
Before 2017, it might still be a waste because Bitcoin prices at that time were still small at the end of 2017 and could only feel the poor results that our coins could collect for ourselves.
September 08, 2018, 07:49:31 AM
I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Joined crypto last quarter of 2016 price of bitcoin was around $700 that time. Not much hype though, some news that will push the price and then some healthy corrections. It also hit all-time-high above $800 in 2016.I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
There are manipulations already but just minor thingy here and there. Pump-and-dumps are bearable, unlike today that its very obvious. Not much ICO's that time though, as far as I can remember only quite a few in 2016.pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?
https://www.icodata.io/stats/2016
September 08, 2018, 07:35:17 AM
There was a hype but not on a scale as it is today. It was mainly popular with the people who were tech savvy or among those who had a sound knowledge of coding. But now, almost everyone wants to be a part of it.
September 08, 2018, 05:26:04 AM
I started investing in cryptocurrency from 2016, then I was not good in trading and everything about cryptocurrency like now. But from my little knowledge coinmarketcap has always being like this. The market is always affected news and speculation.
September 08, 2018, 04:53:01 AM
I've been using Bitcoin regularly since 2012 and certain aspects of the community back then were a lot more fun.
Here on the forum, there was less spam and people were coming up with all these cool projects etc.
Felt more like a tight knit community back then.
I mean you still have that a little bit now, but to a lesser extent.
The whole ICO craze was also pretty much unheard of back then, so a lot less scamming going on in that area.
Not that there wasn't any scamming though, the amount of money lost through this forum is pretty staggering.
Just go and check out some of the older loan threads, some pretty funny and sad stories to be found.
Anyone remember Dank Bank for example?
Side-note: I know you want to hear about the market back then, but you can just go look at chart for that. I think there's already enough focus on that aspect of Bitcoin, just felt like talking about some other stuff.
Here on the forum, there was less spam and people were coming up with all these cool projects etc.
Felt more like a tight knit community back then.
I mean you still have that a little bit now, but to a lesser extent.
The whole ICO craze was also pretty much unheard of back then, so a lot less scamming going on in that area.
Not that there wasn't any scamming though, the amount of money lost through this forum is pretty staggering.
Just go and check out some of the older loan threads, some pretty funny and sad stories to be found.
Anyone remember Dank Bank for example?
Side-note: I know you want to hear about the market back then, but you can just go look at chart for that. I think there's already enough focus on that aspect of Bitcoin, just felt like talking about some other stuff.
Great comment.
You saw probably some hard times for bitcoin since you got in. Did you HODL all this time?
And what do you think about the market crash in the last few months?
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