Do you remember how you feel about during 2008? - page 5.

JohnBitCo

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Quote from: boyz97 on February 13, 2019, 01:41:02 AM

Quote from: ginobitcoiner on February 13, 2019, 12:51:36 AM

I did not experience the bitcoin price situation in 2008 because I have only joined the bitcoin world and crypto currency since 2016,
but I once learned about the state of bitcoin at that time from the experience of my colleague who had joined since the beginning of bitcoin was created, but I can't regret anything, I never expected back to a time when bitcoin was cheap or expensive, I hope that in the future bitcoin prices will continue to increase.

maybe on 2018 situation in cryptocurrency market has same condition with current condition.the different thing maybe at that moment there is no insituttion investors and maybe fud not massive yet.

You cannot compare bitcoin from 2008/2009 with 2018/2019. In 2009 Bitcoin was just started and no one knows the potential of it. In the present year, we have realize the true benefit of bitcoin and it is slowly being adopted by the society.

awik p

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Quote from: Jocuserious on February 14, 2019, 10:15:22 PM

Like to fell Dec 2017 year at that time,i made a lot of profit.in fact then Bitcoin value was much more impressive.But now many people have delayed the price of bitcoin.It's counted now the bitcoin price original ordering is going down continue.The feeling that surrounds that year where only the profit was high Kiss

indeed for those who already have assets before 2017, of course they will smile sweetly by seeing the price that rises very significantly. especially for those who have a lot of bitcoins from 2018. of course they can retire now. but in 2018 new investors will certainly be painful and frustrating because prices have not recovered until now

South Park

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Quote from: Broly46 on January 31, 2019, 02:25:15 PM

2008/2009 feel like very special year for me, I could feel all the people around me are very different compare to before, they have a lot of worries, I overheard one of my respected senior talking about their worry about their pension, worry about the future generation, worry about their job security, a lot of worry, but as a millennial I have no clue why they're so worry about them.
To flash back it today, I'm still unable to understand all their worries, it may be the reason of age-gap, the one age group that felt stronger came from the older generation.

Well, I would like you to describe what's your feeling about 2008 and why it is so special compare to any other year like 2009,2010,2011 etc.

Also bitcoin was born in this particular year, the emotion must be so strong that it drive Satoshi to finally decide to do it.

At the time I had no money so I was not personally affected by the crisis that happened at the time but I could see the lives of people getting harder especially those that had little business since they needed small loans at the time and banks were not giving loans to anyone, also many people that were thinking about retiring needed to postpone their retirement and some still have not retired to this date and I have doubts they will and it seems to me we are going to see a repetition of what we saw back then.

Jocuserious

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Like to fell Dec 2017 year at that time,i made a lot of profit.in fact then Bitcoin value was much more impressive.But now many people have delayed the price of bitcoin.It's counted now the bitcoin price original ordering is going down continue.The feeling that surrounds that year where only the profit was high Kiss

jrrsparkles

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Most of the country's world economy was crushed at the time,but the young kids like us may not aware of it.But in future id there is an economical breakdown the prices of cryptos will not much shattered if it used as means of payment.

andriarto

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Quote from: bitcoinisbest on February 13, 2019, 02:01:15 AM

Quote from: wendiar19 on February 06, 2019, 10:04:28 AM

Quote from: Indamuck on February 03, 2019, 11:02:02 AM

Looking at back at those stock charts, the 2008 crash was nothing compared to the corrections we have seen in crypto. 80% down is just another day in bitcoin world, imagine if that happened in the stock market. There would be panic everywhere and people jumping out of their buildings.

well fortunately in 2008 I did not know of a cryptocurrency exchange so I did not experience such an event, but I can only see the condition of the price chart that occurred.

Same here after few years of 2008 came to know their exist something like this and thanks to people to letting us know how potentially it is strong and what a great future it has. But back then by 2015 also I think hardly few % of population would be aware of this crypto currency.

so did I in 2008 not know what cryptocurrency was at all. until 2017, my friends were notified and at least 2017, I could feel the heyday of bitcoin at that time. Until now, I still expect Bitcoin to succeed again, so it can improve my family's economy. there are still many ideals that have not been fulfilled, and hope to get capital from bitcoin

bitcoinisbest

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Quote from: wendiar19 on February 06, 2019, 10:04:28 AM

Quote from: Indamuck on February 03, 2019, 11:02:02 AM

Looking at back at those stock charts, the 2008 crash was nothing compared to the corrections we have seen in crypto. 80% down is just another day in bitcoin world, imagine if that happened in the stock market. There would be panic everywhere and people jumping out of their buildings.

well fortunately in 2008 I did not know of a cryptocurrency exchange so I did not experience such an event, but I can only see the condition of the price chart that occurred.

Same here after few years of 2008 came to know their exist something like this and thanks to people to letting us know how potentially it is strong and what a great future it has. But back then by 2015 also I think hardly few % of population would be aware of this crypto currency.

boyz97

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Quote from: ginobitcoiner on February 13, 2019, 12:51:36 AM

I did not experience the bitcoin price situation in 2008 because I have only joined the bitcoin world and crypto currency since 2016,
but I once learned about the state of bitcoin at that time from the experience of my colleague who had joined since the beginning of bitcoin was created, but I can't regret anything, I never expected back to a time when bitcoin was cheap or expensive, I hope that in the future bitcoin prices will continue to increase.

maybe on 2018 situation in cryptocurrency market has same condition with current condition.the different thing maybe at that moment there is no insituttion investors and maybe fud not massive yet.

ginobitcoiner

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I did not experience the bitcoin price situation in 2008 because I have only joined the bitcoin world and crypto currency since 2016,
but I once learned about the state of bitcoin at that time from the experience of my colleague who had joined since the beginning of bitcoin was created, but I can't regret anything, I never expected back to a time when bitcoin was cheap or expensive, I hope that in the future bitcoin prices will continue to increase.

Bagaji

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My worries in 2008 was not that much despite the effect of economic meltdown world over though it's effect was not that felt in my country and maybe because I was not having much responsibility as compared to what am facing in recent time. Although I was not even aware of Bitcoin existence until 2016 that I got to know about Bitcoin and crypto currency in general.

Kopyleft

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Quote from: gabmen on February 12, 2019, 11:48:23 AM

And most people who started early only took it seriously a few years after. I probably wouldn't have thought much about it if i knew then.

I doubt anyone would actually mine an unknown currency which had no value or popularity if they did not believe it would eventually make an impact, no one may have been expecting the boom of 2017, but most early adopters, which was mostly developers had their curiosity piqued by the Bitcoin network.

gabmen

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Quote from: nur rochid on February 10, 2019, 03:52:25 AM

Quote from: Pasaway2701 on February 10, 2019, 02:34:15 AM

Quote from: biskitop on January 31, 2019, 09:32:49 PM

2008 I did not know crypto, getting to know it was 2013 when I heard that steam games accept payments with bitcoin. my feeling is just weird because I don't know what the currency is, because what I know is paypal or credit card. but after 2017 and learn more about bitcoin, it turned out to make me feel even more happy.

Bitcoin become trending when it bullish at 2017, that was the year that I came into learned about it and I felt good because I found it but I do not try to invest instead I work on it to have something and it really worth. Until now that price is down, I really expect that the price will rise again just like the first time in here.

I am sure that at least you have enjoyed it in 2017. Of course that makes us remain convinced that the heyday of Bitcoin will repeat itself, so that we will avoid panic, and that is what is needed to overcome conditions like today

I doubt if anyone of us here are even aware of bitcoin at the time it started. And most people who started early only took it seriously a few years after. I probably wouldn't have thought much about it if i knew then.

1Referee

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Quote from: Reid on February 09, 2019, 07:55:34 PM

One more that I worry is how transaction fees are getting larger. The higher the amount you send the higher you will pay. Yeah Western Union is one good example of it.

I started learning crypto currencies and all those worries faded away. I send money like once a month and I can say I saved a lot by now with all of those years that I did it.

I have seen more people complain about the fees financial institutions charge, but most of them don't do anything to change it.

The most interesting aspect is that people legit believe that financial institutions implementing blockchain tech will help them reduce fees and speed up transactions, but that's not what will be happening. They will implement blockchain tech, but won't be granting their clients any of these advantages. In other words, you will continue with slow transactions and high fees. It's their core business model, how can they ever let go of that?

nur rochid

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Quote from: Pasaway2701 on February 10, 2019, 02:34:15 AM

Quote from: biskitop on January 31, 2019, 09:32:49 PM

2008 I did not know crypto, getting to know it was 2013 when I heard that steam games accept payments with bitcoin. my feeling is just weird because I don't know what the currency is, because what I know is paypal or credit card. but after 2017 and learn more about bitcoin, it turned out to make me feel even more happy.

Bitcoin become trending when it bullish at 2017, that was the year that I came into learned about it and I felt good because I found it but I do not try to invest instead I work on it to have something and it really worth. Until now that price is down, I really expect that the price will rise again just like the first time in here.

I am sure that at least you have enjoyed it in 2017. Of course that makes us remain convinced that the heyday of Bitcoin will repeat itself, so that we will avoid panic, and that is what is needed to overcome conditions like today

GregH37

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Quote from: eann014 on February 10, 2019, 01:22:31 AM

This year? 2008/2009, I don't worry much about the future, I am just a teenager on that year but already working to help my parents to our daily needs. I don't know about bitcoin in that year, and I am just thinking about how to just be good at my Job. Hahah

2008 was a year known for recession and due to that many corporate got bankrupted and many employees lost their job and almost world economy got struck at those times. USA got suffered heavily due to their intensive home loan defaulters but developing countries from Asia and south America got chances to withstand on their own and then USA government started to print big amount of dollars in trillion value to bail out their corporate and their national economy too.

I was working in a software corporate at that time and lost my job due to that recession and then I entered into online earning by 2009 and I heard about bitcoins by that time or at least in 2010 but ignored it and then I checked bitcoin prices again when it was trading in ~$20 still I did not show interest to bitcoins. Then, again I checked by 2018 June/August and found it was trading around $600 to $700 levels so I opened a blockchain wallet to have payout from a faucet.

After bitcoin hit $1000, I started showing interest to bitcoins. But, the root case must be the recession in 2008. I lost job hence I entered into online earning then slowly entered into bitcoins

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VladEx_Vova

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I learned about Bitcoin last year, and in 2008 I was in school, so I don't even remember those times. Now I work in the crypto sphere so for me, 2018 is more memorable year

Pasaway2701

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Quote from: biskitop on January 31, 2019, 09:32:49 PM

2008 I did not know crypto, getting to know it was 2013 when I heard that steam games accept payments with bitcoin. my feeling is just weird because I don't know what the currency is, because what I know is paypal or credit card. but after 2017 and learn more about bitcoin, it turned out to make me feel even more happy.

Bitcoin become trending when it bullish at 2017, that was the year that I came into learned about it and I felt good because I found it but I do not try to invest instead I work on it to have something and it really worth. Until now that price is down, I really expect that the price will rise again just like the first time in here.

eann014

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Quote from: Broly46 on January 31, 2019, 02:25:15 PM

2008/2009 feel like very special year for me, I could feel all the people around me are very different compare to before, they have a lot of worries, I overheard one of my respected senior talking about their worry about their pension, worry about the future generation, worry about their job security, a lot of worry, but as a millennial I have no clue why they're so worry about them.
To flash back it today, I'm still unable to understand all their worries, it may be the reason of age-gap, the one age group that felt stronger came from the older generation.

Well, I would like you to describe what's your feeling about 2008 and why it is so special compare to any other year like 2009,2010,2011 etc.

Also bitcoin was born in this particular year, the emotion must be so strong that it drive Satoshi to finally decide to do it.

This year? 2008/2009, I don't worry much about the future, I am just a teenager on that year but already working to help my parents to our daily needs. I don't know about bitcoin in that year, and I am just thinking about how to just be good at my Job. Hahah

apilpirman.bisnis

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I am still remember how getting much profit with bitcoin at really lower price during 2018 and keep loving bitcoin and altcoin investment at the future, always have chance how to get much profit with bitcoin and altcoin during this years because give more chance with bitcoin investment.

STT

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Quote

Well, I would like you to describe what's your feeling about 2008 and why it is so special compare to any other year like 2009,2010,2011 etc.

Also bitcoin was born in this particular year, the emotion must be so strong that it drive Satoshi to finally decide to do it.

2008 was foreseeable, it wasnt just a new thing because we had already some kind of market shock in 2001 with the dotcom bust which if you look at Nasdaq was truely epic.

The evident thing in 2008 was just how closely tied into the government was this failure or at least thats the point I finally noticed it was as a result of policy given out to favour housing stock, that had gone badly wrong. I think Satoshi understood it was going to need fixing.
If you look into the writings or talks from Jim Rickards he was already aware of this centralised trend to failure in the economy. The reason being he was involved in the 1998 bailout for LTCM which again had some government relation though it was a private hedgefund it also illustrated at the time how fragile the whole system had become. I dont think Satoshi and Jim Rickards have any direct link but they'd likely understand each other on why existing outside the US dollar in future could easily be a positive, they both have very different possible solutions to that problem though

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