Im not saying you should say that people that said bitcoin would fail and how "it was too late" and sold back in 2011 should be blamed, it probably was the logical thing to do back then all things considered.
What im saying is that, if you are still saying that bitcoin will fail in 2017 because "it doesn't scale", "fees are too high", "it's too slow", or "this or that government will destroy it" etc, then you still haven't understood anything (and you have had plenty of time) so when we are at $100k and we look back at threads like this, you will have no excuse. The information and liquidity of Bitcoin is not what it was in 2011, there's no excuse anymore. Panic sellers will be judged by history as they fall into the wrong side of it.
Topic: Remember when this looked like the end of the world? - page 3. (Read 687 times)
This is the perfect example of how ungrateful is to predict anything in crypto world since things change in a different manner than in the fiat world. Just look at the 2017. How many have predicted 17k$+ at the end of 2017? It was beyond even the most optimistic expectations, and yet, here we are.
I can't really blame them. They were obviously wrong to pull out in hindsight, but the decision might have made some sense at the time. Bitcoin being priced in cents must have been fresh at their minds at the time. There are always people saying Bitcoin is overpriced, mostly after a furious bull run, and I tend to agree sometimes, only to be proven wrong.
Past event certainly teaches you that it's not smart to bet against Bitcoin, but it's human nature to exercise caution.
Also, I don't think this certain person is trying to get others to dump. He was cautious because of the massive increase and seemed to be genuinely airing out his concerns.
Past event certainly teaches you that it's not smart to bet against Bitcoin, but it's human nature to exercise caution.
Also, I don't think this certain person is trying to get others to dump. He was cautious because of the massive increase and seemed to be genuinely airing out his concerns.
You cant blame that guy if he was a little negative about bitcoin back then, there were major issues concern bitcoin at that time with only limited user and no companies accepted bitcoin, i think there were few traders involving the flow of that price in 2011, but still you can see those kind of guys lurking in this forum.
It is easy to say bitcoin is amazing when you see the current price of it. If you could predict the price back then, you would be a millionaire today. And maybe even in the hundreds of millionaires. Not many people saw the magnitude or with there risk investment strategy they sold some. ( Which from the current price today is a obvious mistake. )
You can like something, but unevaluate it.
You can like something, but unevaluate it.
I was remembering the good old times and saw this:
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
Well, hindsight is 20/20. It would have taken a lot of trust to hold it from 2011. They just did what seemed like a reasonable action for them back then. They saw that they'd already get enough profit by selling and so they did.
IMHO though the more reasonable action would have been to leave some if they have much more than enough of what they invested. Leaving some bitcoins wouldn't have been a loss anyway.
Panic sellers deserve their fate and we should not feel pity form them at all because had it not been those who kept faith in bitcoin and held their stake in it would it have grown to this value that we are all singing about today? so i don't think they have a part in the merry making.
What are you talking about? Why feel sorry for those who sold their bitcoins? They had the opportunity then to buy your coins back. I'm sure many people did. Now, too many people buy and sell bitcoins every day. You all will feel sorry for them? Perhaps in the future bitcoin will be worth $ 100,000. What are we not to sell the coins today?
Exactly, why feel sorry for such folks who thought themselves to be wise and sold their bitcoins for their fiats. I don't sympathize with them one bit. It's a lesson for our generation also to learn and not sell at the hearing of a dip or any negative news.
What are you talking about? Why feel sorry for those who sold their bitcoins? They had the opportunity then to buy your coins back. I'm sure many people did. Now, too many people buy and sell bitcoins every day. You all will feel sorry for them? Perhaps in the future bitcoin will be worth $ 100,000. What are we not to sell the coins today?
I was remembering the good old times and saw this:
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
Well, hindsight is 20/20. It would have taken a lot of trust to hold it from 2011. They just did what seemed like a reasonable action for them back then. They saw that they'd already get enough profit by selling and so they did.
IMHO though the more reasonable action would have been to leave some if they have much more than enough of what they invested. Leaving some bitcoins wouldn't have been a loss anyway.
I was remembering the good old times and saw this:
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
They are dragging us down and hoping we repeat their sorrowful mistakes, thanks to them we have gained knowledge about how they will blabber and force holders to sell their Bitcoins. Can't they just be permanently gone and leave the rest to us, if they could not forget those days, why not just shut their mouths and watch us until they die of jealousy.
I was remembering the good old times and saw this:
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
We do not know the guys circumstances anyway, while he may have sold and missed out on huge value, he also may have invested his life savings at 1c and sold out a very rich man, I'm sure although he would like the extra millions he could still be very happy with his bitcoin transactions. You cannot ever regret the past in this industry or it will eat away at you. Where do you see that the percentage volatility has decreased? This can not be seen from the graph.
Let's not judge them like this. I wasn't a holder at that time, I didn't even knew bitcoin back then, so that guy was still ahead of a lot of people. Maybe he changed his mind and bought more, as many of us do, now that bitcoin keeps showing us that is here to stay, and progresses through every obstacle it encounters during the way, like silk road, mtgox, hard forks, china ban, etc.
It's not easy to know what to do with such a new technology. Bitcoin has value, but no one knows how it will evolve, and not everyone can risk it, so I can't blame him for those comments.
It's not easy to know what to do with such a new technology. Bitcoin has value, but no one knows how it will evolve, and not everyone can risk it, so I can't blame him for those comments.
I was remembering the good old times and saw this:
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:
This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.
And also realize how the % of volatility has went down a lot, even with the current ups and downs.
Study the price and the perspective that people had back then to get a better picture.
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