Topic: Anyone here got into crypto before 2017? How was it before the hype? - page 4. (Read 1883 times)

Not me... But i guess smart people at that time Enjoyed alot

ICO didn't even exist a couple of years ago. people were using other methods to scam the gullible newbies  back then. methods such as premining their altcoins 100% and then releasing a small amount of it so that they could dump all of their coins on the market and become millionaires.

You seem like 100x times more experienced than I do in the crypto world. Can you explain me about this simple math thing? It will be great to have a reason for the crazy HODL I'm doing even when losing money

I feel you bro. Same story here:)

Thank you for this great answer.
Seems like you have some experience that's for sure.
What do you think about the latest market dump?
does it seems to you like manipulation?
and how do you think the market will react in the close/long term.

I've been HODLING in the last few months and lost a lot of money. I'm HODL till the end, But I would really love to hear from someone more experienced than I do what's their opinion is.

Guess we share same experiences. I had 1 Bitcoin as at August 2016 and I sold it all off by November through January, only for bitcoin to appreciate in value to 3000$, I almost beat up myself for not been patient enough.

Personally, I found the opportunity to meet the crypto world in 2018. However, in 2017, good and bad people in this sector have achieved very good earnings. I am a friend of mine who takes advantage of these good benefits that I refer to. I hope to see a 2018 like 2017

There was always the pumps and dumps in the cryptocurrency market. But the hype and popularity was lower in the early days. The hype cryptocurrency is increasing day by day. I think ICOs were more consistent and the rate of scams were less.

I got into crypto late 2017, I had friends who joined as early as 2014. They are the whales we have now.
How I wished I had  joined earlier.

if I enter the world of cryiptocurrency in 2017 bro. but a lot of my friends have entered the world of cryiptocurrency before 2017. and their lives if I pay attention too Heppy bro .

You don't need to ask people here. Just read the forum's past posts. It's all there to be soaked up.

The 2013 peak felt very similar to 2017 in terms of the mania, but much of the mania has transferred to alts. In 2013 there were only 50 or coins versus nearly 2000 and no such thing as an ICO.

Human nature drives markets and that never changes. Perhaps the figures get bigger, but the behaviour stays the same - FOMO, bubbles, pump and dumps, scams. It's never changing.

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

I could remember those days when I bought bitcoin for just 650 dollars.At that time,chinese had dominance over bitcoin market since they had the lion's share in bitcoin due to majority of bitcoin mining firms located there.The Chinese became the sole authority to decide bitcoin price.We used to keenly watch the changes in China related to bitcoin market before buying and selling bitcoins.Bitcoin was mostly used for quick and cheaper transaction at that time.Most of the world population was unaware of bitcoin at that time.If I'm not wrong,there were no such ICOs at that time.Ethereum was also famous next to bitcoin.Zcash and Monero were much expected at that time because of their anonymous transactions but they failed to survive.Suddenly during 2017 beginning,bitcoin price suddenly rose to 1,000 dollars and bitcoin started to gain attention all over the world.From that time,people started to recognise bitcoin as a high ROI giving asset.

I was into Bitcoin back in 2012.

It was exciting there was this feeling that we were changing the world.

The market pumped and dumped back then too but people didn't seem to be interested solely in the price, yet a lot were interested in mining.

Miners got a lot of love back then and people were still very excited about mining money out of their PCs, it was a magic thing.

Gambling was as easy as anything for people even in the United States. The main site was satoshi dice if I remember right. There were a lot of other sites. One allowed you to bet on the outcome of real world events and if you were right you'd collect.


When I first got in bitcoin crashed from $13 to $8 dollars, and I remember telling everyone I knew how they should buy bitcoin.

By the way, not one person listened to me.



Trading was a lot easier and more prevalent, most people weren't yet concerned about taxation, perhaps that's because the size of the money was less, or perhaps that's because the Bitcoin community back then was even more libertarian than it is today. (That is to say that libertarians jumped into Bitcoin first. It was always a mix of computer people and libertarians and others).

For reference, you could mine some milibits with a laptop when I first got in but not much. It wasn't the super early days where you could really mine significant amounts without a GPU farm or  high end GPUs.

Before 2017 altcoin prediction is very easy and it is easy to earn in trading, but today there are new players and all of them are busy getting profit and don't even care whether the market will collapse or not.

but in the end, some HYIP only give false and unclear benefits, like some previous projects.

before 2017, HYIP was the choice of every investor, and the SEC did not have an active role. so, many HYIP victims.

yes, the market is easily manipulated, like MTGOX. and finally destroyed.
I see that today every ICO has a problem, so some ICO are only SWAP and fake. so that some investors choose to leave the ICO.

I hope you are being sarcastic there. Day trading is probably the most stressful activity you could put your brain and health through. Day traders certainly don't make 1% a day with stop loss orders (which can fail) and fast fluctuations in the market. Holders can gain 10,000% over a course of 5 years while chilling out (don't know how that makes them less smart).

Before 2017, we had less idiots, now we have more. We didn't any of them though.

The market was easier to manipulate because its without regulation and its volatile.

Pumps and dumps weren't too frequent, but were there.

ICOs were a good form of investment, now its same as a ponzi scheme, unless it itself is a ponzi scheme.

It was definitely easier to manipulate. New coins would often pump and dump than now.
People were less into's ico's and ico's image was a bit better than it is nowadays.

i was here in 2012.

back then was just as fun as it is now..
trading bitcoin is more fun then stocks and shares. smart people dont hold and risk waiting years for 100%. they prefer to day trade 1% which = 365% a year with less risk

ICO's were not really a thing until 2016+
and are not really part of "bitcoin" but a separate group/community of speculators