Sentiment feels much alike 2012 (spring to summer)

pa

hero member

Activity: 528

Merit: 501

Quote from: Melbustus on December 02, 2014, 04:42:51 PM

Quote from: sgbett on December 02, 2014, 06:47:37 AM

Quote from: asdlolciterquit on December 02, 2014, 06:20:45 AM

...
i wasn't here in 2012, so i ask: there were so much pessimism about btc on 2012? i don't think so.. Sad

there was plenty, and nowhere near the infrastructure reassurances that exist today.

^ This.

2012 and the second half of 2011 were quite pessimistic. Bitcoin had gone from <$1 to $32 in a couple months, then bled from $32 to <$2 over the course of 5-6 months. With no infrastructure development, no VC money, no high-profile entrepreneurs, economists, major merchants, or government departments taking any positive interest at all. Price stood near $4 for most of the first half of 2012, IIRC, and many people had left Bitcoin for dead.

And without any real-economic activity, infrastructure, or mindshare, it was a MUCH more pessimistic situation than today.

To anyone who was around in those times, it's quite easy to chuckle at today's short-sighted naysayers. The success Bitcoin has had since 2011 is incredible. This has all happened *much* faster than I thought it would.

On the one hand, time flies when you immerse yourself in Bitcoin. On the other hand, the volatility ages you!

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: sgbett on December 02, 2014, 06:47:37 AM

Quote from: asdlolciterquit on December 02, 2014, 06:20:45 AM

...
i wasn't here in 2012, so i ask: there were so much pessimism about btc on 2012? i don't think so.. Sad

there was plenty, and nowhere near the infrastructure reassurances that exist today.

^ This.

2012 and the second half of 2011 were quite pessimistic. Bitcoin had gone from <$1 to $32 in a couple months, then bled from $32 to <$2 over the course of 5-6 months. With no infrastructure development, no VC money, no high-profile entrepreneurs, economists, major merchants, or government departments taking any positive interest at all. Price stood near $4 for most of the first half of 2012, IIRC, and many people had left Bitcoin for dead.

And without any real-economic activity, infrastructure, or mindshare, it was a MUCH more pessimistic situation than today.

To anyone who was around in those times, it's quite easy to chuckle at today's short-sighted naysayers. The success Bitcoin has had since 2011 is incredible. This has all happened *much* faster than I thought it would.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: asdlolciterquit on December 02, 2014, 06:20:45 AM

i wasn't here in 2012, so i ask: there were so much pessimism about btc on 2012? i don't think so.. Sad

OMG, there was much much more. It was harder to argue with the haters then, we didn't know where any of this was going. But every single day back then, as now, someone discovered a fatal flaw in bitcoin.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: NotLambchop on December 02, 2014, 03:41:40 PM

Quote from: inca on December 02, 2014, 03:25:53 PM

Quote from: NotLambchop on December 02, 2014, 02:56:43 PM

Bitcoin has been tanking for a year, so hard to say what you could possibly be trying to say here.
Continue holding the bag, greater fools are essential to this market. It would have been far more difficult for me to make money if not for finance enthusiasts such as yourself losing it.

Care to prove you have in fact made a dime over the last year? You are on record for saying that you can neither make head nor tail of the market movements now the 'bigger boys' have turned up. Doesn't stop you posting negative tripe 24/7 though!

No, I don't care to prove anything to you. I'm on record as saying that since around a year ago, I have neither made nor lost significant sums, and have traded only pocket lint--AKA gambled, for entertainment.
Now stop being a pest.

Then stop being a pest. You're on this forum and post here more than most of us. You are clearly obsessed with Bitcoin. Maybe you need treatment

Severe stupidity. Acute propensity to self-injure.

Yup, sounds about right

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: inca on December 02, 2014, 03:25:53 PM

Quote from: NotLambchop on December 02, 2014, 02:56:43 PM

Bitcoin has been tanking for a year, so hard to say what you could possibly be trying to say here.
Continue holding the bag, greater fools are essential to this market. It would have been far more difficult for me to make money if not for finance enthusiasts such as yourself losing it.

Care to prove you have in fact made a dime over the last year? You are on record for saying that you can neither make head nor tail of the market movements now the 'bigger boys' have turned up. Doesn't stop you posting negative tripe 24/7 though!

No, I don't care to prove anything to you. I'm on record as saying that since around a year ago, I have neither made nor lost significant sums, and have traded only pocket lint--AKA gambled, for entertainment.
Now stop being a pest.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: NotLambchop on December 02, 2014, 02:56:43 PM

Bitcoin has been tanking for a year, so hard to say what you could possibly be trying to say here.
Continue holding the bag, greater fools are essential to this market. It would have been far more difficult for me to make money if not for finance enthusiasts such as yourself losing it.

Care to prove you have in fact made a dime over the last year? You are on record for saying that you can neither make head nor tail of the market movements now the 'bigger boys' have turned up. Doesn't stop you posting negative tripe 24/7 though!

NotLambchop

sr. member

Activity: 378

Merit: 254

^
Use any euphemism you wish, as long as it means "losing most of its value"

SmoothCurves

sr. member

Activity: 379

Merit: 250

Quote from: NotLambchop on December 02, 2014, 02:56:43 PM

Quote from: ThatDGuy on December 02, 2014, 12:59:36 PM

Quote from: NotLambchop on December 02, 2014, 09:51:15 AM

Quote from: ThatDGuy on December 02, 2014, 09:48:54 AM

Quote from: NotLambchop on December 02, 2014, 08:34:05 AM

...
There were people pessimistic about BTCeanie BTCbabies as an investment, and the price just kept on climbing.
Those incredulous fools became the butt of BTCeanie partisans' jokes when BTCeanie prices reached ATH.
And here we are, gentlemen. Take from this what you will Undecided

There was people comparing Bitcoin to tulips back in 2012 too.

Let's hope they're not going to rub it in your face once they're proven right Undecided

"once they're"?

They've been consistently proven wrong so far, I'm perfectly content to watch them try to make incongruous parallels and continue to be wrong.

Bitcoin has been tanking for a year, so hard to say what you could possibly be trying to say here.
Continue holding the bag, greater fools are essential to this market. It would have been far more difficult for me to make money if not for finance enthusiasts such as yourself losing it.

LOL Tanking? You mean a normal market correction after 2 major rallies that took the price from $13 to $1100? You've been spending the night at Professor Bitcorn too often.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: ThatDGuy on December 02, 2014, 12:59:36 PM

Quote from: NotLambchop on December 02, 2014, 09:51:15 AM

Quote from: ThatDGuy on December 02, 2014, 09:48:54 AM

Quote from: NotLambchop on December 02, 2014, 08:34:05 AM

...
There were people pessimistic about BTCeanie BTCbabies as an investment, and the price just kept on climbing.
Those incredulous fools became the butt of BTCeanie partisans' jokes when BTCeanie prices reached ATH.
And here we are, gentlemen. Take from this what you will Undecided

There was people comparing Bitcoin to tulips back in 2012 too.

Let's hope they're not going to rub it in your face once they're proven right Undecided

"once they're"?

They've been consistently proven wrong so far, I'm perfectly content to watch them try to make incongruous parallels and continue to be wrong.

Bitcoin has been tanking for a year, so hard to say what you could possibly be trying to say here.
Continue holding the bag, greater fools are essential to this market. It would have been far more difficult for me to make money if not for finance enthusiasts such as yourself losing it.

Tzupy

legendary

Activity: 2170

Merit: 1094

Wrong sentiment, nothing like 2012. It should be either like June (bearish) or July (bullish) 2013, or like September (bearish) or November (bullish) 2011.

sniveling

sr. member

Activity: 719

Merit: 250

Quote from: ThatDGuy on December 02, 2014, 12:59:36 PM

Quote from: NotLambchop on December 02, 2014, 09:51:15 AM

Quote from: ThatDGuy on December 02, 2014, 09:48:54 AM

Quote from: NotLambchop on December 02, 2014, 08:34:05 AM

...
There were people pessimistic about BTCeanie BTCbabies as an investment, and the price just kept on climbing.
Those incredulous fools became the butt of BTCeanie partisans' jokes when BTCeanie prices reached ATH.
And here we are, gentlemen. Take from this what you will Undecided

There was people comparing Bitcoin to tulips back in 2012 too.

Let's hope they're not going to rub it in your face once they're proven right Undecided

"once they're"?

They've been consistently proven wrong so far, I'm perfectly content to watch them try to make incongruous parallels and continue to be wrong.

Tulips only had one big rally but bitcoin's already had more than one.

ThatDGuy

hero member

Activity: 728

Merit: 500

Quote from: NotLambchop on December 02, 2014, 09:51:15 AM

Quote from: ThatDGuy on December 02, 2014, 09:48:54 AM

Quote from: NotLambchop on December 02, 2014, 08:34:05 AM

...
There were people pessimistic about BTCeanie BTCbabies as an investment, and the price just kept on climbing.
Those incredulous fools became the butt of BTCeanie partisans' jokes when BTCeanie prices reached ATH.
And here we are, gentlemen. Take from this what you will Undecided

There was people comparing Bitcoin to tulips back in 2012 too.

Let's hope they're not going to rub it in your face once they're proven right Undecided

"once they're"?

They've been consistently proven wrong so far, I'm perfectly content to watch them try to make incongruous parallels and continue to be wrong.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Dafar on December 02, 2014, 09:55:47 AM

Are we still considered "early adopters" when there are people like you who entered in 2011 and 2013 and seen 3000%+ increase in price?

I feel like we are late majority honestly, completely based on price, not acceptance

My point, pretty much. There are a few early adopters who didn't profit-take by selling on the way up. They will try to convince you that you're an early adopter. Because your hodling & buying increases the value of the stash they hold.

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

Are we still considered "early adopters" when there are people like you who entered in 2011 and ~~2013~~ 2012 and seen 3000%+ increase in price?

I feel like we are late majority honestly, completely based on price, not acceptance

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: ThatDGuy on December 02, 2014, 09:48:54 AM

Quote from: NotLambchop on December 02, 2014, 08:34:05 AM

...
There were people pessimistic about BTCeanie BTCbabies as an investment, and the price just kept on climbing.
Those incredulous fools became the butt of BTCeanie partisans' jokes when BTCeanie prices reached ATH.
And here we are, gentlemen. Take from this what you will Undecided

There was people comparing Bitcoin to tulips back in 2012 too.

Let's hope they're not going to rub it in your face once they're proven right Undecided

ThatDGuy

hero member

Activity: 728

Merit: 500

Quote from: NotLambchop on December 02, 2014, 08:34:05 AM

Quote from: sniveling on December 02, 2014, 07:56:02 AM

This post from back then seems as bearish as some of today's.

Quote from: norulezapply on April 18, 2012, 06:32:27 AM

Bitcoin block reward drops to 25BTC.

Most people appear to be mining/trading Bitcoin purely for profit.

Most of the hashrate is lost due to GPU miners becoming unprofitable as the price does not double, but only increases 25% or so.

Only FPGA miners and hobbyists securing the network.

This makes the 51% attack much more probable.

51% attack takes place and much trust is lost in Bitcoin.

The end?

There were people pessimistic about BTCeanie BTCbabies as an investment, and the price just kept on climbing.
Those incredulous fools became the butt of BTCeanie partisans' jokes when BTCeanie prices reached ATH.
And here we are, gentlemen. Take from this what you will Undecided

There was people comparing Bitcoin to tulips back in 2012 too.

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: asdlolciterquit on December 02, 2014, 06:20:45 AM

Quote from: 8up on December 02, 2014, 05:18:53 AM

The sentiment feels much alike, when I first entered bitcoin in 2012. I bought some coins because I liked the tech aspects/possibilities of Bitcoin (I even haven't looked at any charts, when I entered back then Cool

) - compare this to the current talk about THE blockchain - especially the praise for the technological aspects of it.

What I conclude from this:

It is not bubble time yet. Might take it's time (3 to 9 month). My best guess would be march.
People will get in because they are amazed by the technological possibilities (and the conveniance compared to 2012), not beacuse of an over-hyped price!

What is your sentiment? - especially, when you entered bitcoin before the 2013 bubbles.

i wasn't here in 2012, so i ask: there were so much pessimism about btc on 2012? i don't think so.. Sad

this is nothing compared to the pessimism then.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: sniveling on December 02, 2014, 07:56:02 AM

This post from back then seems as bearish as some of today's.

Quote from: norulezapply on April 18, 2012, 06:32:27 AM

Bitcoin block reward drops to 25BTC.

Most people appear to be mining/trading Bitcoin purely for profit.

Most of the hashrate is lost due to GPU miners becoming unprofitable as the price does not double, but only increases 25% or so.

Only FPGA miners and hobbyists securing the network.

This makes the 51% attack much more probable.

51% attack takes place and much trust is lost in Bitcoin.

The end?

There were people pessimistic about BTCeanie BTCbabies as an investment, and the price just kept on climbing.
Those incredulous fools became the butt of BTCeanie partisans' jokes when BTCeanie prices reached ATH.
And here we are, gentlemen. Take from this what you will Undecided

sniveling

sr. member

Activity: 719

Merit: 250

This post from back then seems as bearish as some of today's.

Quote from: norulezapply on April 18, 2012, 06:32:27 AM

Bitcoin block reward drops to 25BTC.

Most people appear to be mining/trading Bitcoin purely for profit.

Most of the hashrate is lost due to GPU miners becoming unprofitable as the price does not double, but only increases 25% or so.

Only FPGA miners and hobbyists securing the network.

This makes the 51% attack much more probable.

51% attack takes place and much trust is lost in Bitcoin.

The end?

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: asdlolciterquit on December 02, 2014, 06:20:45 AM

Quote from: 8up on December 02, 2014, 05:18:53 AM

The sentiment feels much alike, when I first entered bitcoin in 2012. I bought some coins because I liked the tech aspects/possibilities of Bitcoin (I even haven't looked at any charts, when I entered back then Cool

) - compare this to the current talk about THE blockchain - especially the praise for the technological aspects of it.

What I conclude from this:

It is not bubble time yet. Might take it's time (3 to 9 month). My best guess would be march.
People will get in because they are amazed by the technological possibilities (and the conveniance compared to 2012), not beacuse of an over-hyped price!

What is your sentiment? - especially, when you entered bitcoin before the 2013 bubbles.

i wasn't here in 2012, so i ask: there were so much pessimism about btc on 2012? i don't think so.. Sad

there was plenty, and nowhere near the infrastructure reassurances that exist today.

Topic: Sentiment feels much alike 2012 (spring to summer) (Read 2015 times)