Bitcoin Forum

https://i.imgur.com/OJDNDM5.png

Lol... What do y'all think?

Here is a bitcoin discussion that has been going on since 2011  ;D

https://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/ (https://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/)

it has been the story of bitcoin for years now. every time price rises there are a bunch of people who start calling it "ridiculous" and mainly the term bubble is turning to a synonym of bitcoin! and yet it continues rising up as it is growing with a solid adoption.

you don't have to go to that much length to see these things either, just visit the speculation board and go to the old pages instead of only looking at page 1....

The first posts are funny when you think of it now.


Maybe some of those guys bought a few BTC out of curiosity and got rich as fuck without really knowing what they were doing.
Good find OP, thanks for this !

Always something of a curiosity to read about all these guys. The market today is awash with talk of pioneers trying to disrupt this and revolutionise that, but it's really those guys that started experimenting that are the unsung pioneers. Read a few posts down from OP's link, the same guy dissing OP goes on to show some guy firing up diesel generators to mine Bitcoin. Doesn't sound like concerted manipulation from the few, if you ask me, just some guys trying something that ended up working.

Wonder where all these naysayers are now?

Well the credibility of the forum where that was discussed Ivan very much be questioned regardless bitcoin has always received lashing from critics especially when ever there is a dip they act like a prophet but behind the go to take advantage of the price drop and purchase some bitcoin not minding the FUD they are creating by there actions

I think it is wrong to rate everything according to the value of paper money without paying attention to what it is, how it was created and what it could do. Even the paper money which is valuable today originates from humanity itself. But ignoring BTC will return as the greatest regret.

I wonder if threads from this year complaining about the falling market
will be looked on with humour in 10 or 20 tears time?

The op is funny and the link is great.



I am also wondering if any of those people are now into bitcoin?

Value of BTC can't be described or determined in USD unit. It has more than this and BTC offers a lot for payment systems and transactions. I can't say that all promises given or claimed by the creator and supporters are realized until now. But it is just a matter of time and we'll experience amazing progress in near future.

Bitcoin's price is given by the value buyers consider btc has. No matter what people say, if people are willing to pay 70 cents for a btc only, then its value is 0.7$. During ATH its value was 20k. There were only different periods and different market perceptions.

Not everyone can see the potential ina project, but judge it using it's current state in terms of adoption and uses.
Bitcoin was an audacious project, and this got attention quickly, but also skepticism at the possibility of seeing it true.

Fast forward to a couple of years later, adoption and value has both increased, although it's not still at where it could. The next few years would be vital for bitcoin and the financial industry.

That's not so illogical proposal if we consider that was posted in 2011 year but now when people are very pessimistic, they say bitcoin will disappear, it has no future and etc, this is insane.
That's not right too because people look bitcoin as an investment option so for them price in usd and euro means a lot. Also people look bitcoin as a payment method which is different from others, just see how they compare bitcoin to paypal which is ridiculous too. That's the way how people see bitcoin.

I've no objections on that whatsoever, knowing that that was the year when bitcoin recently came to the forums and troll boxes. Also, during that time, no one really uses or know what bitcoin even is. IMO, when bitcoin is reaching new highs, people would surely be questioning its viability as we clearly haven't been to those ranges before, and we don't know whether we'll be able to penetrate further, or at least maintain our footing for long.

Haha that's great. Poor guy probably sold out at 70 cents thinking he outsmarted the rest of the community ;)

Wonder if in another 5 years we'll have the equivalent of people saying $4k is ridiculous while bitcoin sits on ATHs.

Couldn't agree more! :P

the worst part of it is that the comments have not even changed which means the innovation of FUDsters doesn't even exist anymore, they are just copying what has been said for years without even putting the smallest amount of thought into it.


you don't have to wait 5 years. they are saying $4k is ridiculous right now too! basically at any time and at any price (no matter what price it is) there are a bunch of idiots who are saying the same thing!

They should have waited for few years then they couldn't have said Bitcoin Ridiculous. BTC growth was very quick within few years it reached the position which we have never think about it and now also it will be going to reach to good value we just need to be calm and wait for the good time coming ahead.

I think predicting when ATHs will be is almost impossible.

I still think it is strange that someone would join a bitcoin forum to argue that bitcoin is worthless. Kind of seems misplaced.

it's funny you bring up 2+2. i played a lot of online poker back in 2010-11 and i was a regular on the 2+2 forums. those forums were actually my first exposure to bitcoin. everyone made fun of it, so i never took it seriously.

the US government shut down my main sources of income around that time---pokerstars and full tilt. a year later, i was buying bitcoins. not because i knew anything about the technology but because i could play poker on seals with clubs with BTC and not worry about banking problems. the poker sites still serving the USA kept having money seized, checks would always bounce, etc

seals with clubs was kind of a bust but i became a bitcoiner after that. it was really empowering. i don't think the 2+2 crowd ever really wrapped their head around it.

We can now look at it as funny. How i wish i know bitcoin and crypto in general back in those days. Never too late though as this industry is so young and so much more can happen. There is always a positive things hopping on board early to everything.

the bitcoin rises (growth) has always been fast and will remain that way for a long time simply because of how the adoption works in addition to all the roadblocks that are being placed in front of adoption. each time one of them is broken into (like an FUD being debunked,... ) there is a surge of adoption which leads to a big price rise which most of the times surprises people because they can't explain it.

that is why you should never listen to what others tell you on the internet specially when it comes to money. they will never be helpful to you, anybody who is wasting their time posting things online is doing it for their own benefit.

and it is not only about the negative comments about bitcoin. it is true about everything and both positive and negative comments.

Probably in the same place they were back then: In their computer chairs, grinding the online poker tables and talking shit on the internet. People were building a new world and they just watched it go by.

Who knows, maybe some of them came around to their senses. Maybe some of them are members of this forum now. :D

"There are people doing this to the max. One guy apparently using diesel generators to power his farm because it's cheaper than his electricity rates." - it's pretty funny ;D ;D

Well if we can turn back time for sure that ridiculous price will become reversed reaction for sure,but we cant blame the person wayback because that time bitcoin only uses by some IT’s and not for all people so pricing a $70 cents is a huge amount for nothing.

I don't care about bitcoin going down to any price, but bitcoin will go up again and return to normal again, so that's what keeps me relaxed waiting for bitcoin to recover

You just wrote my thoughts! Each person should think with his head and responsible for his own choice. Then there will be no regrets and accusations. And I think that many of those guys, from 2011, are still here in crypto and they don't regret for anything.

This market is full of greedy people, some would be willing to give their fake prediction just to take advantage of the weak people, of course they do give false information as well. So, what are we going to do? We should be smart, rely on our own based on our research so we are convince in every action we make.

Only people who would be regretting would be those who dint know the concept of hold or are the ones who would never believed in this crypto currency concept and the coins. Rest of them who knew its future and know holding power would definitely are the ones who have become millionaire and some of them billionaire as well by now.

I bet they'd find it more ridiculous now that its more than $3500.
OP is digging post of more than 5 years from other forums, I wonder if he also spam there to promote a bitcoin related business. :)

There are still people doing it today, they can't believe it asking what sort of things happen to people buying BTC when its all just a digital byte without value. You can go over to digitalpoint forum where webmasters stays but there are people there promoting btc as well.

Seriously if you had a time machine you could be a millionaire in 5 years starting with less than one hundred bucks. It's crazy to think about those gains I don't think any company (amazon, apple etc) would get anywhere close to those insane medium term increases.

In the future people may be looking at these threads thinking about how ridiculous it was when people were still thinking about buying bitcoin at $4000 when it is now priced at over $100,000. There aren't enough visionaries in the world

Nobody expect that bitcoin will rise to $20k after 9 years of speculating. Yeah if we know that it will rise that way then it will goes panic to buy bitcoin at the beginning. Those early believers had got their rewards if they manage to sell it at the all time high and had been the millionaires of bitcoin.
Indeed if you believe then you will be rewarded.

What I love about these kinds of people is how they are eating their words now and the best part of  non-believers are they haven't had a chance to get on in the profit train. As of right now haters right now are in their full spirits saying "I told you so" to us as it is the bear market. But once we get out of this it is their time to shut their mouths and eat their own words. The most important thing now is to not get affected by their words as these people tend to get the best of us which influence us to do bad decisions.

I find it even more funny when these no-coiners try to play the current prices down as something that's 'normal' to happen when it's bubbling up.  :D

You know that when people revert to such silly arguments that they are burning, and burning hard. The currency they tried to trash talk for years keeps going up, and there is no way to stop it. Peter Schiff started his trash talk against Bitcoin back when it was $100 and is still throwing around with nonsense arguments today, which is crazy.

If history has proven one thing, then it's the fact that he should keep his mouth shut. I'm certain that even when Bitcoin reaches $100,000 he will still call it a fraud and that it will drop to $0. Every year it doesn't drop to $0 the likeliness of it to happen decreases significantly. He should know that with his economics background.

I not only think, but also know that that Bjorn guy was simply miss informed. He was corrected already in next reply. And I am sure he valued Bitcoin after that correction accordingly.

https://i.gyazo.com/41f16ae162ecbfc19ee8de9d5621e8f7.png

Every traders in 2011 had a mindset to that of an infant. LOL!

Since they didn't have any idea of the actual potential, they brewed up their own concoction without any base. And now they are regretting. Similarly wait for Jamie Dimon's hope to get crushed in 2020-2022 in a similar way. These nocoiners will never learn from their past mistakes. ::)

lol...This has been what the naysayers have been ranting about for years now. They really are wishing for Bitcoin to go to zero so they can call ot a win on their side but they seem to forget that with every rise it comes with, people in the community grows and become stronger and I think the same thing is what we are experiencing. Recently, I read some articles saying that Bitcoin has died over 90 times in this year alone, but where are we, we're still here lol.

it's not too silly compared to people who say the price of bitcoin will reach $ 50k by the end of 2018, don't believe anyone's words because the price of bitcoin is unpredictable.

Yes, he thought that he is the smart guy during that time. But later we will know who has the last laugh.

Well everything here is a cycle so I'm sure when down the line, if we go back we'll see the same sentiments and stupidity.

This is still very much an experiment. We are moving towards more professional world with ETF and SEC and all that but bitcoin is still nowhere near its full potential. We are dream of a world where bitcoin is used by everyone and is a common way of payment by all humans and makes it easy for banking in third world countries and allows people to connect with each other globally much easier than current system but we are not even remotely near that level.

In a world where everyone is connected by bitcoin and its low fee system it will be a lot bigger than this and of course price will be affected by it. 70 Cents people were calling it crazy because they didn't really expected bitcoin to increase and get attention to begin with, now that we know it got the attention it deserves we are now not sure if it will go any further or not.

Well, that's the reason people say time will speak the entire world doesn't even cared about this when it was Introduced. Last year it showed a massive record performance those who believed in this made huge profits and those who were making fun are still the same.

This thread also shows where bitcoin was in 2011 and where it`s now. Some of us point this fact all the time, but people are obsessed with price, rises and drops, they just see tops and bottoms. Reality is that we can`t compare price of bitcoin 7 years ago and now, we can`t compare popularity, usage, adoption, bitcoin is growing each year. Bitcoin died more than thousand times in 4 years as I know, fud will never stop, but bitcoin is too strong, we are still here and we will stay here.

I think it's normal if those people says trade bitcoin is worthless because on that year bitcoin was very cheap and only several people who bought bitcoin even probably the people who bought bitcoin at that time were never be thinking to hold but i'm pretty sure those people were regret if they see the current price for bitcoin and i think they also wondering that why not buy more bitcoin at that year

In that year, bitcoin has not worth at all, and people don't mind to buy at that price. But if people in that time was saving their bitcoin until now, I guess they will laugh at loud because right now, they are making a million dollars from bitcoin. I guess that if in the future, bitcoin price can reach the very highest price, people in the future, will say that it is ridiculous to buy bitcoin at $3-$4k because, in their year, they won't see that price again because the price is too expensive to buy.

There are people that will claim for the rest of their lives that bitcoin is a bubble despite the evidence against it, it was true back then, it is true now and it will be true in the future, I will not be surprised if during the next years the price of bitcoin keeps growing and people begin to look for comments that were made during the bear market of 2018 and they begin to wonder what were those people thinking by believing that the price of bitcoin will keep crashing.

If you take the time to think about it you will understand why long term holders keep getting richer and richer while everyone else keeps losing money, some people are just concentrated on the current price and how much money they are losing when they should be focusing on what the price will be during the next years.

In the past, bitcoin did not have prices like now and many people don't think like this. there is someone who exchanges bitcoin with pizza and even throws away their computers that contain thousands of bitcon.

ah, OP, why you post this....?  ;)

Now I am shaking due to a strong feeling of missed opportunity, I need a strong drink of firewhisky  :-[

Bad thing about those days is that I knew about bitcoin even those times. I even had like 6 bitcoins stashed somewhere (that I can't remember where) and I was looking at it like a game money. Kinda like wow golds or something like that, it wasn't really money to me at those times.

After that short one day or two interest I stopped caring about it until it was like 150 dollars or so in 2012-2013 times which I started back and this time I was really into it. I am still quite early to bitcoin but I could have been so much more earlier than my current stance. Of course as everyone would assume I have sold my coins when it went up and didn't kept too much, I do not posses any amount that means anything now but at least I made a decent profit from it and I am still earning more and more each day because I believe it will be even more than current price in the future.

Pretty much everyone feels this way, no matter when they got involved. I've been here for almost 6 years now, and believe me, I was much more skeptical back then and missed my shot multiple times at being quite wealthy.

That's why there are millions of lost coins out there. In the early years, there weren't many people who had the foresight to predict Bitcoin's growth. Like Laszlo paying for 2 pizzas with 10K BTC. This effect lessens over the years as Bitcoin's prospects for mass adoption become stronger and stronger. It's what allows early adopters to gain so much. When the whole world is skeptical, betting on adoption is very high risk/high reward. Hardly anyone seemed to take Bitcoin seriously before 2013.

Time proves them wrong and its good that this market was able to survive even a lot of people saying negative things just to destroy the reputation of bitcoin. Now we are slowly coming back from the peak, and there’s a lot of hope this year. Bitcoin will hit the media again this year because the journey to a new ETH is about to begin.

That is why I keep on saying that bitcoin is one of the Best investments one can make currently and we should forget about those that are saying bitcoin is death and bitcoin will not rise again.  I think now should be the best time for one to invest in bitcoin and make good money when it recover.

I wanna hear what are those people might say when they learn about bitcoin price reached almost $20,000 last 2017,since the $0.70 is ridiculous that year 8 years before now

Bitcoin need nothing to prove them because they dont need to be here,negativity is not belongs here
But you’re right about the reputation of bitcoin stays strong even that they all do bad things about cryptocurrencies

Bitcoin is in some way a paradoxical thing, analogs of which have never existed before either in nature or in society, therefore how its development takes place is very surprising and shocking, someone was shocked by the price of 70 cents for 1 BTC, now someone is shocking by the price of several thousand dollars. As long as its price continues to grow, it will occur constantly.

'For a currency that no one uses' lol. What exactly is this guy going through now as he view the price of bitcoin. His lamentations will be one hell of funny now.. Simple, never be too quick to judge. I guess in 2011, a lot of investors did and say ridiculous things about Bitcoin. Very few believe in the existence of cryptocurrency.

Because at that time bitcoin was only used by a small number of people, so he didn't know the positive effects of the value of the unstable bitcoin (real unstable). Therefore, this bitcoin is considered less attractive and is not feasible if used as an investment. Besides that, the market for cryptocurrency buying and selling is also not reliable, when compared to banks and stock brokers (that's the opinion of people in the past).

At that point it actually made sense for people to be skeptical about something that hasn't had the time to prove itself. The panic that has been going through the market during corrections must have been frightening.

People currently think that Bitcoin could become worthless overnight, which is ridiculous, but at that point it wasn't that far away from becoming reality, so I definitely understand the fear within that time frame.

I occasionally browse through old speculation threads where people were going nuts on each other during crashes. Some made fun of others who bought the top of a rally (still below $10) that we right now can only dream of.

Speculation on this forum is still the same after all the years, the only difference is the price.

Something similar has happened to most of us anyway, I also knew about bitcoin but I decided that it was not for me and that it was too soon to try to make anything with it, then years passed and I forgot about the whole deal until I found out that bitcoin was now worth a lot, as you may guess I regret not taking bitcoin seriously from the beginning but it does not matter, what it is important is that I am here and I am one of the few that are trying to accumulate bitcoin before it skyrockets again.

While the rest of the people do not even see anything wrong with fiat currency we are taking the time to accumulate the currency that will surely be an important part of the economy in the future.

Let’s just enjoy the so called experts who ridicule bitcoin frothing at the mouth every time bitcoin rises & reaches a new ATH.

Let’s become the next generation of wealthy elite whilst the doubters kick themselves for not investing.

Normal people will always have this mind set whatever comes to the bitcoin and the blockchain technology they are just going to blame it unless they are going to get benefited from it. You are also don't be a common man just be ready to face the risk and become unique on your own.

Most people from a very early age are taught to not take risks and to play it safe, so whenever they see something new instead of being intrigued they claim it will not work, the same happened to the internet and almost any other great innovation, in the case of the internet it was called a fad and many people did not saw a need for it, which is similar to what is happening with bitcoin, but eventually they will see the benefits and will claim that people like us were just lucky to adopt bitcoin so early.

i only look for something to be unique and innovative but I admit in 2011 or so I didnt realise BTC had this much growth potential and usage all over the world.    I failed to recognise that a virtual exchange of value had been an indemand product since early nineties and BTC definitely had a reason to continue its sucess.

So I have to admit I was not on board back in 2011 though I wasnt this negative either I hope, its wasnt ridiculous just risky and its true now still but thats not a reason not to be involved.   Just everyone should be balanced, I dont agree BTC will take over the world or any absolute view but it could easily be a product that has a greater part of trade done then is currently the case.   If true that means growth and I would guess a backing to price demand etc



Definitely good to have perspective and understand the misconceptions of 2011, I gave OP merit.  lest we forget the continual doubt

Now that its $3700, they still find it ridiculous. You just can't say when they'd say its amazing how BTC get to that point where its been accepted by so many merchants. Those guys who find it ridiculous don't know what blockchain can do and that makes sense because they know nothing about crypto.

For sure they don't have any profit will get because they did not believe to bitcoin. But those people who are believe in the year 2011 they will have more money now. But no one knows in that year what is happen to bitcoin which is become very high and it's hard for them what is highest value of the bitcoin in the next few years.

I am very sure that less than 1% of the people in this topic would have the imagination enough to believe, that it could work if Bitcoin was presented to them during 2011. Including me. 8)

And those who traded that time are already one of the whales today. This is the risk that they afford to take, and the reward is awesome. I wonder if those people who says bitcoin is just a waste of money before, owns some bitcoin now? Well, I’m confident that they’ve already enter in the market but in a higher value.

Most probably and they are one of the whales who are controlling the price now.
I'm sure some of them had already retired and enjoy the rest of their lives with the bitcoin they are holding, and maybe
some of them had already cash out during the ATH and now living a life that is full of happiness since money is not anymore their problem.

I wish I was able to invest that time, I would have retired early and roam around the world.

I love reading their conversations. They belittled bitcoin so much and now look at where bitcoin stands. I'm pretty sure they have gotten themselves involve to bitcoin by now. It's passed 8 years now. One guy did plan to mine as much bitcoin as he can at that time, I wonder how he is doing now.

https://i.imgur.com/3LBw1a0.png

There are loads of penny stocks you could invest in now and still become very wealthy.
In those days it looked like throwing away money. Those few that mined some coins for fun and forgot about it are the winners.

What I am trying to say is that it is easy to say those kinds of things after you know the outcome.

He's probably jailed for corporate theft.... or driving in a Lambo  ::)

Will the prices in the future be ridiculed? Or do we think we should have sold it back then? The history of Bitcoin is full of such memories ... I hope we won't sell it in the future as 3K.

By the way he looks like Escobar's youngest ;D