Topic: Remember when this looked like the end of the world? (Read 664 times)

No one really knew that bitcoin would be this big, those stats are years ago when bitcoin was just starting, its not really relevant for our time to talk about the past price of bitcoin or people who dump their coin.
People gain and lose sometimes but no one exactly knew what was the future of bitcoin back then since there were less participants or user of bitcoin in the years of your stats.

Correct. Let's not bother ourselves thinking for those people who are very hesitated about bitcoin potential at the first place. For those people who have a negative trust of bitcoin are definitely in the state of feeling envy right now and regretting the things they have done from the past. Holding, believing in yourself and bitcoin is the key for a success. Take things slowly but surely, dont rush thing and dont make any stupid decisions that you might regret at the end.  As the years pass bitcoin proves that it is become one of the highlights of crypto world.

When it's look like the end of the world I think when we experience certain calamities earthquakes, typhoons,wars happen it the world I think it's a sign of the world end

Not only that but they got profits as well, why we need to be sorry for  bunch of people that became rich anyway, if you became a millionaire with bitcoin despite selling at those cheap prices then who cares, you will be enjoying your mansion and luxurious cars, now is our turn to get as much bitcoin as we possibly can and hold.

Exactly what is good for you, you will get that if you are stable in nature and you are dealing everthing so smartly.

Like you have said, it is not suitable for a person who is trading or investing in bitcoins and he wants to do everything so fast. This fastness can make you suffer and you will be regretting at the end. Better is to take some wise steps and don’t go for uncertain and hurry decisions.

Yes, it is not the end of the world and it is just the way things are meant to be in life. Sometimes, you take a bold risk, it pays off and sometimes it does not. And even most times when you think you are making the best decision and then you find out later that it is not the best after all but one of the worst you could ever make, but you cannot kill yourself for it. The most important thing is to retrace.

That is one thing about life and there is really no point making any regrets when there is absolutely nothing no one can do about it. This has always been the way things have been and only those who had the strong guts always last or find a way to stick to their guts even if they end up losing all.

I am not sure no one would have ever come back, as they have been in the system and there is just no way would they not have known they should at least at some point get in back.

Okay, that's indeed known by us. I also sell sometimes when I need fiat money. What I actually wonder is the poin of view of the person who opened the thread. I couldn't see his point by giving the graph in the first post.

Those kind of guys doesn't deserve success here in bitcoin, maybe he deserve something different. But we can't just laugh at him and some others who left this forum because even almost old users didn't expect the price of bitcoin to rise like this didn't you? I'm sure that guy is drowning in regret at this moment because he gave up easily, or maybe, he now has a better job that is why he chooses not to come back.

woow 30 USD at that time and people judge him for that old time post
i join this forum this year now here i am still unable to hold more BTC (actually because of price)
and i dunnow what to do to buy more or wait it till down a bit
just like the person in post#1
actually now i'm understand what he think at that time, price go high too fast just like this month
same situation but different in price
what to do now...

The variety in thinking’s of human beings, this thing make the whole scenarios. Like you said, what if everyone is start holding and don’t selling then who will be going to buy. Thus there comes different people from different backgrounds and they are working differently. Most of the people don’t want to hold because they need money and thus, this selling buying continues to an end.

Yes, the times change and the price of bitcoins has also changed for the better. I think it is inappropriate to hurry and make quick decisions about which you can later regret. It is better to work slowly and receive stable dividends than to hurry and regret about the work that could still be done.

True, we really cannot compare the moments now to back then as a lot of things have changed and even as much as some of us could have thought we at least had the strength to hold till now, that does not mean we were not really scared at some point that we have made a terrible mistake of our lives.

I remembered when I held still back in 2013 after the whole huge dump, at some point, I almost gave up and then when I realized anyway that I invested what I could afford to lose, that kept me going till date.

Jumping in a little belatedly, but I'm with you here. It's easy to judge these people with our benefit of extreme foresight but we cannot take things out of context. Remember that these guys started out when Bitcoin was worth nothing, possibly a few cents if you could find someone to buy a lot of coins from you with spare change. For them, $30 was not only a 300,000% increase from a value of 1 cent, it was virtually infinite increase from the value of nothing.

Note that his signature also doesn't give up entirely on Bitcoin, it was simply the abandonment of the dream, not the ideal.

We may never know the nett effect of people like him. If he dumped everything, the he helped to create and sustain a market that put a value to Bitcoin. If everyone held, Bitcoin couldn't be used, wouldn't be suitable for use at all.

And I can definitely feel where he's coming from. Of course the signs are worrying, and of course the rise is "too damn high" and "too damn fast". Can't deny that this mega bull cannot be healthy for the medium term. Remember what happened the last time Bitcoin rose so high, and that bubble popped? It took years to recover.

Basically, everyone then bought and sold at prices they felt they were good at. There is no need for regrets, they never saw this coming.
When Bitcoin was $3000 so many people sold and now it's almost $18k, people are still selling.  If Bitcoin should get to $30,000 alot of people who were once happy for selling at $18k will look like they have made a mistake.

Me too, I wish I had such an opportunity to invest at that time (I even wish I discovered Bitcoin when it was around just $1, cos I remember someone saying that Bitcoin was even sold at the price rate of $0.7 to $0.9, wow, Such a good cheap price rate.

Well, I won’t really blame all those guys that withdrew their money when price rate of Bitcoin was at $30. Who would have believed that BITCOIN will go from such a low rate of $30 to this high price of $15,000plus!

Never knew bitcoin thoroughly at that time though I'm already hearing about it in reddit. Man that was the era of the bears, also during late 2013-early 2016. Everyone was like full bearish mode and no one really wants to invest except those who really believe that we could achieve higher highs and break the record since it's what bitcoin is destined for. Can't blame the dude though, he's only acting based on what's acceptable and realistic during those times. No one knows bitcoin will be this big in the first place, neither does he.

It was a fate they chose for themselves and I am pretty sure they must have realized their mistakes. Everyone can make mistakes and there is no way we can really tell what the future holds. That was their own mentality about the whole thing back then and they acted based on how they felt. That does not mean they could not have been right, but shit just happens.

If a bitcoin holder in the past has a vision in the future he will certainly hold the bitcoin he has, so he also gets a great income from bitcoin. But humans have different thoughts on bitcoin. and the difference in thinking that makes bitcoin  success as it is today. If everyone becomes seller then who will be the buyer?

I think no one can talk about the end of the world right now because neither there is time machine invented nor any other time device so no one know about know about the end of the world except God. If we come to bitcoin then I think that its price is increasing constantly with its demand and importance because its usage is increasing with the speed of light and as a currency its amount is fixed.

Well, they felt wise in their own sight, or probably they just read so much meaning into a lot of things and then succumbed to some speculations without really making some findings.

It was their call and I am sure a lot of them would have gotten past it by now or probably did not even sell most of their coins just in case and decided to only sell few. Also, they were just kind enough to give some of us at a lower value.

A lot of people who regretted at the time thought they were making the right decision because at the time, they would have made profit or cut their losses and whether it was a stupid or intelligent decision, they have been part of history and without their decisions I dont think we will have something to talk about. The same thing will happen to several of us who have some amount of bitcoin saved up and decide to sell simply because we thought we have either made enough profit or we are skeptical that the price will crash. The people of the future will then assume we made some foolish decisions but right now and now, its the best decision. Lets quit judging and saying they regret, its a gamble that played out wrong for them and hopefully they can live with it which is all that matters.

Much better not to looked back because the regret will continue to slap you specially if you didnt invest at that time.
Some people are lucky enough that they discover bitcoin when the value is too low and they buy more than 100 bitcoin but of course they sell it when the value is getting 5x of the original value. I think yes they hate what they did before but i think also there are some pioneer getting back and continue investing in bitcoin to make much higher income.

No one expected it and no one can really be blamed. The thing is that just like you, some of us actually wished we had been around back then, but the truth is that no one can turn back the hands of time and we just have to accept whatever comes in the long run. It is a decision and everyone has to be willing to accept whatever decisions they must have made.

It could be hurting though knowing you had the chance, and then you blew it, but that was the level of their own understanding at that time and no one could have seen the future and by the way that dude is on met!

I've only been in it for like a year or so and somehow regret all the money that I withdrew for expenses. It jumped up more than 10x the price it was when I first started.

Probably more people are selling their coins now because of all the FUD after it got to almost $20,000. It's now back to $16,000.

However it should be understood that this is just a beginning of BTC and something serious about it,people knew very little and were deeply skeptical and they probably think this is something that will not last long, and that possible profits should be taken as soon as possible.

Today the situation is a lot different,people know much more and expect a lot more from BTC-they became more aware of some things.Of course there will always be those who think negatively,but it is an integral part of life.

This reminds me when many traders were trying to take profits then when the market was going down and some of us were speculating that bitcoin price is going to get to $30 but now bitcoins is now above  $16,000 and many are still saying bitcoin has reached the peak. The reality is that bitcoin is still at the foundation level and a lot need to be done and holding for you to liberates yourself from poverty and slavery that fiat system has created for our society.

And just let's talk about anything for now and so on, forget the past and keep moving for a better outcome than before, and it's good to avoid things that are aimed at bringing down the other people.. because that could turns around to our self.

It was really their choice when they sold it and their decisions as well and you are right, no need feeling sorry for them. However, it is human for most of these guys to feel sorry for themselves, considering the fact that they sold when they though at $30 bitcoin was in a bubble state.

The truth is that we all make decisions based on assumption sometimes and because we cannot really tell what the future holds. If we all did, then most of us won't have made such mistake. Nonetheless, they could have been right or wrong, but unfortunately, it just turned out they were wrong and such is life.

Everyone have their opinion at a certain point in time. The same we have some people who are worried about the increase in value at this moment and then kept calling it bubble is the same way we had people back then and we are going to keep having a lot of them in the future. Even when bitcoin gets to $1,000,000, so many people will still call it a bubble even when it is glaring enough that it isn't.

It's not bad to accumulate bitcoins as long as you can afford to lose the money you spent on and don't put everything on bitcoin.
For those who are planning to invest they should know the risks before doing this.

I, too feel bad for selling a total of 1btc for $600 - $700 last year. Nothing we can do but to move on and learn from our past actions.

Lol, he didn't read the first post and only read the title.

sometime when i look behind of what have i done, i just smile to know of bad and good thing that i had done in my life
just like that people that sell in lower price for now but high at that time, i've done that too
i can't blame myself for that because i can't see the future
and also i have less faith and also less knowledge about it

history learn and now i have read so much literature about crypto
but i can say that i'm still an amateure in this big world of crypto trading

so i think just learn and keep walking

No one really expected this kind of increasing value of bitcoin rather than speculation about its volatility. Many of us really regret because of our doubts before and for not trusting its potential value. But it's never too late then to invest in bitcoin because this is not the end of its value and I believe that it will reach up to $25,000.

But that type of behavior is comprehensible, nobody knows the future and each person has their way of thinking. Although I think the same about them nowadays, probably very sorry or probably very calm due they already found truly sense of life goes far beyond of BTC. Greetings!

Lol. I can imagine the regret. More people should have been millionnaires right now if only they trusted bitcoin then. But who would've seriously expected things to turn the way they did right? Lol i sold btcs when it was at 500$ and that was last year. Never did i expect things would go this way

Wow, $15, now it even exceeded $15,000. Had I been that early and managed to stay in, I would have been a millionaire now. But then again, they probably never expected it to reach this point. They saw a bubble simply because how it was in comparison to the previous prices they saw.

I would understand why they feel disappointed though.


What are you on?

Don't bother with the thought of others. It's their own assumptions it's totally up to your own final decision. Back then bitcoin did not seem to have much potential becuase of it's scarce market cap but today it's soaring in poularity,price and demand.

You will never earn all the money in the world. So I think that constantly accumulate coins is a bad idea. How do you know what will happen tomorrow or in a few days? The price of the coins can be reduced and you will be left without anything that have accumulated over several years. You can randomly die (God forbid, of course). What is the meaning of life to save money to not take advantage of them.

I was around for the lowest of the lows and slow steady downtrend from the gox bubble. It looked like BTC was dieing dropping under $200 and then forever riding that 200-300 bottom level.. Things did not look good.. I even had a bit of coin at that huge crash..

It looked like the end of bitcoin...

I sold over half of what I had accumulated when it came back up around $300 to fund a project I had, and I was really broke then..
But I held on to a good enough chunk to do it all over again, build my coinage up..

This time I was able to build up about 3X as much BTC but I'll admit I sold about 1/4 of my crypto just under $10k when it wasn't looking like it as going to breach the barrier..

I regret that a bit but I did great things with that money for my family for Xmas..
If it goes to $100k then oh well I made a poor choice..

I have studied the BTC all chart on coindesk many many time and scene the same patterns over and over in it.. I wasn't around when it was $30 but I get the idea..

As far as not buying more coin when I could.. Well, I never really could..
Until quite recently I haven't been in a position where I could put money into BTC.. It's pretty poor around here with a terrible economy..
I never bought any BTC but worked my tail off to make all my BTC.. Now what I've made is actually worth something..

You know if I simply had 10X as much BTC I might really be able to look at my life and decide how I wanted to use that money.. I could be free of the rat race for years on that.. But what I have now, eh, yeah it's a decent chink of change but not life altering really..

Deep down inside I knew this would happen.. I knew those patterns on that all chart would repeat themselves again, but I knew it in a kind of way that kept me going, working for more, but not in a way where I would put what little money I had into buying coin..

If I would have bought coin all I could maybe I would be pretty well off now, but it just wasn't justified and things are what they are..

I feel pretty grateful to bitcoin for what I do have really..

Ahh , I fell that . I even feel regretful for spending my btc earlier. Although I knew that one day Bitcoin will become this costly still I used it. I never expected Bitcoin to grow soo fast so early. Now I have learnt a lesson and then now I have decided to just save up . No Matter how bad btc falls I'm just going to hold.

humans do not know exactly when the end of the world but the signs of the end times can be seen one example is the number of earthquake events. Earth inhabited by humans is getting older and continental shifts of aging plates make the earthquake more frequent. This is one of the signs of the end times

Right. It is easy for us to make some decisions now when bitcoin is more established and then we see huge adoption coming in. It was a totally different ball game back then and it took only those with some balls to really pull through. We can all throw darts, but we have all been worried and how we decided to put some information into our worries and make decisions based on that was all that counted. It is one of those things, but I am sure a lot of them would not have decided to just sell everything as that would not have been a nice move.

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.

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.

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.

I cannot say what I would have done at that point because I was not around that time in fact at that time I did not even know what bitcoin was, however I think in order to hold bitcoin for a long time you need a lot more than trust you need to really believe in bitcoin technology, you need to believe it is going to change the world and the way we do things, if you don't then holding for a long time is impossible.

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.

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?

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.

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.

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.

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.