We have to admit at that time, this kind of posts caused discomfort among everybody. BTC had never proved to be able to resist what he was facing: bubble pop followed by slow and continuous decline, negative media exposure, etc... We all knew it was not a "ponzi", but still, it was not empirically proved that it could resist the stress it was under.
This is why I always say that this is no 2011. This time the doomsayers are mocked. Most of the people is sure that BTC will rise again stronger sooner or later, even if it goes to single digits for a while (which won't happen IMO). The ones who sold, are just waiting for cheaper coins to load the truck. The "bitcoin is a ponzi" has empirically proved as a false statement, nobody with half a brain could say such a thing in 2013. In 2011 it was different.
Bubbles have to burst all the way down before growth is resumed. But this time the bottom will be higher than most 2011-butthurt-bears expect.
This is why I always say that this is no 2011. This time the doomsayers are mocked. Most of the people is sure that BTC will rise again stronger sooner or later, even if it goes to single digits for a while (which won't happen IMO). The ones who sold, are just waiting for cheaper coins to load the truck. The "bitcoin is a ponzi" has empirically proved as a false statement, nobody with half a brain could say such a thing in 2013. In 2011 it was different.
Bubbles have to burst all the way down before growth is resumed. But this time the bottom will be higher than most 2011-butthurt-bears expect.
I agree.
Anyways bitcoin was worth nothing when it started and I could read 4 year old literature which pegs bitcoin to 15 dollars. 
