comparing bitcoin price back in 2009 and now is very unconvincing . it's like apple and oranges ! people who invested back then are already millionaires now and don't complain , the problem is the majority of people who have just heard about cryptocurrency in 2017 and a lot of them invested in high prices and since then they are seeing only bearish trend ! i know some people who are dept now because of that trend so don't generalize your talk .
Great comment!
Often we see that here that people said because what went up in 2009, will go up in 2019, what people ignore is the law of large numbers,
For Bitcoin to return now it would have to go up 600%, it would have to bounce from a low of $68Billion CAP today, backup to $750 Billion USD, how can that happen? where would the money come from??
Back pre-2014 it was easy, the total cap of BTC was a few million, and like a person said here there was only one exchange, so it was easy to rig the prices, and bounce up & down as they wished, a few million cap was easy to manipulate, whales could move&in out as they wished, ...
Now the loss of BTC over $500 Billion USD is bigger than the GDP of most governments on earth, where in the hell is the new money to 'lift btc' out of the gutter supposed to come from? Nobody ever answers this question.
It's also clear that BITMAIN ( and its miners ) mined the majority of BTC, and the sold, they sure as hell didn't HOLD, its almost like the entire narrative of "HODL", is a chinese mind game played on western morons;
Yes apples & oranges, today's btc is not the 2009 btc where 50 btc bought a pizza, recently 50 btc was $1 million usd that kind of money brought every criminal on earth into the bitcoin playground.
I agree if you were lucky enough to be in the right place pre 2013 and get lots of almost free btc by mining, on cpu or gpu,... lucky you,
On the other hand, if your of the great majority that joined the show post 2016, then you got screwed by the pooch, if you convinced your friends and loved ones to buy btc with credit cards, or if your borrowed their money thinking your were going to get rich, and quit your job at dairy-queen, then now your life is screwed,
This stuff isn't new,
I don't blame the muppets here, I blame the 'greedy bastards' who came here post 2016 and pumped&dumped and engineered the 2017 bubble, and then cashed out, leaving the HODL'rs holding the worthless bag.