Bitcoin Forum

2008/2009 feel like very special year for me, I could feel all the people around me are very different compare to before, they have a lot of worries, I overheard one of my respected senior talking about their worry about their pension, worry about the future generation, worry about their job security, a lot of worry, but as a millennial I have no clue why they're so worry about them.
To flash back it today, I'm still unable to understand all their worries, it may be the reason of age-gap, the one age group that felt stronger came from the older generation.

Well, I would like you to describe what's your feeling about 2008 and why it is so special compare to any other year like 2009,2010,2011 etc.

Also bitcoin was born in this particular year, the emotion must be so strong that it drive Satoshi to finally decide to do it.

Like I felt in 2018 after buying few alts @ Nov - Dec 2017 :)
Because I bought 2 studios at the highest possible price, just months before the 2008 recession. At the end, I lost the second unit, but managed to save the first one and it already covered my losses from second unit. It's the same now with alts, more are dead and let's hope that the rest will cover our loses.

Most millennials, especially younger ones, have a lot less money saved than previous generations. Cost of living is much higher now, wages are stagnant, and consumer culture also encourages high levels of debt. That means on average, their retirement accounts are paltry, if they exist at all.

In 2008, I remember hearing the grumblings of older folks who were watching their retirement savings tank in value because they had left everything in the stock market. That's typical for 401(k) investment. Meanwhile, I didn't care because I had no retirement savings anyway. I was living hand to mouth and couldn't care less about the stock market, bailouts, or any of it.

That certainly look bad for losing a unit. I believe most people would treat their house as the biggest investment in their life, that sound like the 2008 are caused by housing bubble, but I doubt it's the same like 2018, obviously I could feel something special in 2018, I believe the crypto bubble are nowhere near the 2008, a peer of mine bought a condo unit few years ago, between 2016, I think they're buying it during the peak too, now they're telling me their unit are dropping in price by roughly 30% below their purchasing price, they're now making loss for their unit, and itsnt cheap too, they bought near to 1m dollar price which is three fold higher than equivalent unit decade ago, but I don't feel they're the same worry just like 2008, or it would need to take another few years, say 2020 to feel the same depression again? Well I hope it didn't come back too.

2008 I did not know crypto, getting to know it was 2013 when I heard that steam games accept payments with bitcoin. my feeling is just weird because I don't know what the currency is, because what I know is paypal or credit card. but after 2017 and learn more about bitcoin, it turned out to make me feel even more happy.

I believe everyone should come across the name during their usual internet routine everyday, it has no value until late 2011, it is when the first time I know about its exist, and I got to know it associated with some drug money however since then I try to find out more info but to no availed to how to get one, I don't even know mining and any software, I first thought it was some kind of money just like PayPal, or some in game currency, and I started to monitor the price since 2013 when the smartphone are easily to obtain and some app, I'm still not able to get some of them, it's just too hard for me to get them, of course I'm not gonna sell drug for bitcoin to get some of it, you know it will land me to jail immediately. Well then I read the history of exchange hack and everything to find out how some of them could bought it legally, it's kinda funny through. And I believe those earlier adopter must be some kind of nerd of the nerds who are so tech savvy that only very selected few that come from the outer world could bought it legally.

I'm agree with it, most millenias could only get into debt, personal loan, study loan, getting married and easily piled up with so much loan that no recourse, my peer are getting 100k in scholarship in that year, but they're quickly spend it up, I'm too surprise how fast they spend the money as I thought it could be enough for a typical person to last for many years of many bills and expense, but well, not today though. I think today everyone, no limited to millenias are highly in debt, old or young all have debt.

I heard during 2008 bitcoin still have lower price and many people still do not know about what is bitcoin and what for we use bitcoin, I know about bitcoin last three years and price still at $200, maybe I will be rich person if know about bitcoin during 2008.

In 2018 the monen was very bad for me, in investing in a history of unforgettable 2018 cryptocurrency, much of my capital went down without saying anything but waiting and waiting. I hope that in the future crypto and Bitcoin will be better.

Getting to know it was the easy task, to actually acquire some of it are something ridiculously difficult, I was going around and asking my friends, bank about it, no one will tell me more info, nothing at all, when I tell them bitcoin, they will simply ignore it, no matter how many times I remind them, they do not seem to care about it, but I continue to wonder how to get one of that, I believe it is extremely difficult to get into it in 2011, in 2012, only one exchange existed to trade bitcoin, and I didn't know how to deposit money into buying it, I believe only the insider have this special access not for ordinary public, only shark are invited into it, we are all late into the party.

But today that I am old enough to think about my future I also worry about that kind of stuff right now, but I guess it will be different once crypto will go up again.

2008 was one of the worst year for me. It's the start of the financial crisis and for those who are too young to remember it, it was the year when Lehman Brothers collapsed bringing Wall Street and the world with it. So I believed that it's one catalyst that Satoshi needed to put forward his bitcoin and obviously it was born in 2009. I also lost my job during that year and it was very hard to get one because no one is hiring and everything was in chaos or panic. So for those who don't know or haven't been in a world financial crisis, just save and invest in crypto as a hedge for economic turmoil.

The younger generation might not worry about pension funds and saving for retirement, when they start working, because retirement is still something that will happen when they are 60 to 70 years old. Most of them are only concerned about the lack of money to fund their next party or night out. <Let them be like that, because it's a fun time in their life and they do not need to prioritize things like retirement worries, when they still have many years to plan for that.>

Older people do not have that luxury of having enough time to start all over to fund for their retirement, so they worry more about these things.  ;)

Since after the crisis, I can feel the people around me are becoming extremely money mind, I found them to be money addicted, they would do anything to get money, pay to win in competition, micro transaction, webcam whoring, social network whoring, whatever you can think of, no matter men or women, they are both super materialistic, and I found women are way ahead of men to demand more money out of their every limited time. I didn't blame money for anything, I'm just couldn't accept everytime couple are going to fight day in day out for money money and more money! Every time she will tell me money this and money that, and it soon become a fight.

 It the beginning of 2018 I felt very happy because at that time the price of bitcoin was at its peak, but after several months passed in that year began to occur a very drastic price correction, many bitcoin holders including me felt panic and not a few who did sell panic , my hope at that time was to retain the assets that I had but until now the value of my assets has continued to shrink and I don't know when this correction will take place

Wow they could enjoy the worry of their pension fund, we could only worry about job security, because retrenchment are so often that you could barely think about retirement, and more over pension.
Talk about forced premature retirement.

I also like that after I became acquainted with bitcoin from 2017 I was very happy because in that year I was able to get a substantial income that made me feel at home using bitcoin and other crypto

There was a thread a opened last year here, specifically about the biggest bankruptcy in American History.

(https://bitcointalk.org/index.php?topic=5028744.0)

As you can see in the replies there, some of them are fairly young and wasn't aware of the crisis. However, there are members who have seen the negative effects and I would say it again it doesn't look good. And when I thought, after assuring by the company that we will be ok and our jobs our secured, the worst thing happened as I was one of those who have been been laid out and out for jobs. And it took me months to find one and it really teaches me a valuable lessons in life specially it was the like my 2nd child was born so it was really difficult for me to feed my family that time. That I started to save little by little for retirement, it was a rude awakening for those who have witnessed it in their life.

It is definitely a good reading. I think most people simply don't have saving during the time, or they could barely have any saving, I have few of my peers who are so lucky to obtain some of the best scholarship for their education, and it's enough to last the education easily while still have 50% fund leftover for their disposal, but I'm simply amused by how they quickly dry up all the fund within a few years, just for the rent for the utility bills, the fee for all their education need, and well you know it's also the time when they encouraged to begin to pursue their love during youth, I believe they spend most of the fund into someone they love, I had experienced myself that I usually spend crazily just to impress the girl that I like, and it usually work, and I wouldn't control my spending easily after that.

I don't know what was happening in that year because I never knew about cryptocurrency and besides that, I've been busy with my real jobs. I am sure that people who get involved with cryptocurrency in 2008 will have a lot of money especially if they have much bitcoin and they sold the bitcoin in 2017. I cannot imagine how much money they made from bitcoin, but I am sure that it will be huge money.

Nope cause back then in 2008 i don't know bitcoin exist much more use a pc lol. It was later 2009 that ive learned to use a computer but now when i think back if only ive discovered, what bitcoin is i would probably invest in it or earn from faucets but right now bitcoin has given us another chance to ride on the boat once more given that the market is dumping right now it might best to accumulate now than regret later.

Same with me, in 2008 I didn't know about Bitcoin. and in 2017 I just got to know him, along with the rapid development of BTC prices at that time. sometimes thought about, why I didn't know him earlier

I think your right by saying that it could be age gap is the reason but I believe that their feeling now would be yours when you reach the same age. This will only possible if you get nothing from your youth days except failure. So i think it would e better to make yourself prepared for what things to come ahead of you.

In the year 2018 at the beginning of the year many were enthusiastic about cryptocurrency by looking at the results obtained in 2017. The price of crypto coins is high so that many get the benefits at the end of 2017. But at the end of 2018 the condition was very sad because the cryto coins dropped and cause enthusiasm in cryptocurrency is not good.

Honestly I was disappointing, I was only 18 when the crash happened and I told everyone I know that dollar would become valuable once again because of the lack thereof and until they print out more dollars the economy would be weird, for all the foreign countries the dollar value would increase versus their own fiat currency because even USA had lack of dollars for themselves so the other countries would be in dire need for dollars for purchases that were made with dollars (both products brought in from USA plus the oil deal of course) and asked everyone I know to buy dollars right now because value will increase and sell it before they print out more.

However, I was a kid at 18 and had no money and nobody really cared about what I said and nobody actually made a single dollar profit from it, if only people listened to me.

I honestly wasn't really into markets and let it go by as if it wasn't of any importance, especially with how it didn't affect me or the company I was working for at that point. Looking back at the actual damage, and how we potentially could have seen the world economy implode completely, it does makes me feel good about how Bitcoin made me more aware of economics and the governmental system in general.

I have done everything I can to hedge most of my fiat net worth by holding Bitcoin. The drop in price made me convert even more fiat to Bitcoin, and I will continue doing so till the price jumps over $6000 again, and from there very conservatively dollar cost average regardless of what the price under normal circumstances. I'm not buying into a bubbly market.

I'm building up and protecting my own wealth, can't rely on pension funds for a single second with how young I still am. Better safe than sorry.

No, I didn't know anything in 2008 back then also I didn't even know internet existed until I found it out at 2009 and I was just playing games like what other child did.
I wasn't regret I didn't know Bitcoin back at 2008 because I was still a kid and there is no reason to earn money on that time.

It is not easy to get into bitcoin, I had been searching for info for so many years, some of my tech savvy friend got to know about bitcoin as early as 2008, from some anime site they frequent, but they didn't care about it until lately. Think about Winklevoss twin, I believe they are too, merely lucky enough to acquire recently massive bitcoins from the source that came from the FBI, there is a lot of stories associate with how to obtain bitcoin, but not on clearnet.

I don't think I could buy more bitcoin right now, all the services/exchanges that I could use years ago are now completely gone, and they are not coming back anytime soon.


You won't believe there are just so much stereotype personality in this world, and they are also the reason why we have all the financial mess today, they're always so full of themselve, egoistic, but they are also the best speculators that will pump the bitcoin to the moon, surprisingly bitcoin always works against their goal.

That was the year the global market crashed and taking away the dreams of many people, the financial crisis has taken the entire world by storm and there is nothing you could do about it and many lost their jobs, i had some close friends in US who started driving taxis for a living as they have lost their job and the situation around the world was massive, i really lost a lot of money in stock market at that time and that is the year when the legendary white paper came out.

Many of us here would not even have known about something exists called bitcoin or cryptoo currency. exactly in 2008 was playing online games or XBOX and was enjoying the fun. Realized quote late about something exists and which has a huge wide scope and can make you millionaire or billionaire as well.

At that time in 2008, I was completely unfamiliar with bitcoin, only knowing the internet was developing with a variety of applications. So for history, it might only be a glance at reading and listening, and not realizing the development of bitcoin can be as large as it is today. The travel of the bear market is surprising and can provide a lot of experience for those who are involved in internet technology, the blockchain, and crypto.

Mostly of us in here never know what exactly it happen that year(2008) and crypto/btc isn't really familiar with the community. Only we sure that 2008 crypto adoption and prices is totally too far from of what we have now.
Let us forget the past, it is already the part of crypto journey. And now, another challenge came out and lets fight for these cause we are all can benefits for this.

right, most of them don't know bitcoin at that time. but if we look at history, maybe the people at that time were retired from their jobs, with a very significant price increase. lucky for those like that, to know the technological developments earlier, so they can enjoy the results now

Not everyone on this forum was aware of Bitcoin in 2008 and not everyone
would have been able to see the potential it offered.

The collapse of 2007/2008 hit me very hard, I was just after buying a house
and struggled to pay back my mortgage after I lost my job and had to work
elsewhere with lower wages. I wasnt in a position or in a mindset to think of
anything other than surviving from week to week.

If I had truly known of bitcoin and its goals and technology then I would like
to think I would have got into it.

I also remember my feelings in 2018, for me that year I was a little worried about my investment in krypto, because the price of krypto always dropped. But I still keep my coins at a higher price, so I also won't cut my investment profits.

During 2008 I am still active for joining at bitcoin and altcoin, I was a student during 2018 and I am senior high school, I know about bitcoin and altcoin at the end of 2015 and make me more interested with bitcoin and altcoin investment.

I think it make some sense, everyone was used to be working for dream prior to the crisis, I’m not sure what is that dream they all working for, retirement? Flying car? Fly to the moon? I think they used to be working for space travel. And that’s real many people loss their jobs and they need to find job eagerly, most likely they don’t have saving at all or want to make more money to save themselves? and I found many properties getting foreclosure, some huge constructions project halted, and people are lining up the mental clinic, I think many suffered from mental health? If you ask me whether I had that dream, I don’t have that dream, all I care about is waking up everyday and go to work to feed myself, and it is the same for all my peers too, we never talk about some kind of dream.

I got the first job in 2008 where there was a global economic crisis, so much economic chaos and instability where I was. I never thought about the financial future because of high inflation and bad conditions. In the following year I got to know bitcoin but not interested in learning it, never thinking in the future it will become most popular.

No argument there......debt is obviously a general problem these days. But I think millennials have felt the sting most because they never had the opportunity to save like previous generations. It was ~ 2000 or so when wages decoupled from GDP and all economic growth began being swallowed up by bankers. So millennials have never known anything except shit wages and skyrocketing cost of living, in addition to being piled under debt.

if you had a chance to feel the state of bitcoin prices in 2008/2009. so I think you won't be surprised and won't be pessimistic about the price of bitcoin and other crypto currencies now on the market.

During that time I am not aware of crypto currency. I do not even heard about it. All I think at that time is to get a job and support my family. So the time that I learned about it, how I wish I knew it earlier.

You are lucky that 2018 was the start of your career with bitcoins. and i hope you have entered in the market in the last quater 2018 where by the prices were very low. If you had invested before, then you might have got bitcoins and altcoins at a much higher price and your portfolio may be at a loss in the current time.

Well i believe people always have a problem and they do worries about their future cause we are educated to make our future great and in fact not everyone could became success in future. I do think 2008 is a great economy problems and i do worry what my future will be. I do believe we should make a goals and make a milestones for all things that we dream of that we wanted to achive in future.

Looking at back at those stock charts, the 2008 crash was nothing compared to the corrections we have seen in crypto.  80% down is just another day in bitcoin world, imagine if that happened in the stock market.  There would be panic everywhere and people jumping out of their buildings.

If I had just met the person that will introduce me to the crypto world in a year 2008, maybe right now, Im already driving my lambo in our own little hometown, Its very unfortunate that Ive known bitcoin in late 2017 and in 2018, cryptocurrency experienced its massive downfall and still ongoing up to these days.

I could feel that life during that year was too different compared to our current situation. Maybe that's because we have crypto now. I have known bitcoin years after it's released but I'm grateful on how it changed my perspective when it comes to earning and finances.

I didn't experience what is in 2008 or even in 2016, I am kind of late a bit on cryptocurrency. I have known cryptocurrency in 2017 and that time Bitcoin was very popular because of a higher value and also this forum because of the Bitcoin earning. So lucky at that time, I feel much better because I know I have always money wherever I go and that is because of bitcoin.

Psychologically, these people who worry too much about a lot of things and about the future are the people who had an economically bad past which made them afraid of the future. Most of them are afraid to experience the same bad experience so their worries are advance.
personally, these years were special to me, not because of cryptocurrency (I was not yet into it) because financially I was still good. Money was not yet too scarce in my part.

I heard about bitcoin and read a few thing about it. Since I don't have enough saving because of beeing at the start of my career with a low income, I couldn't buy any bitcoin. Although I felt very sad and regretful for missing the opportunity like many on the forum, I got a chance beeing a part of this community and feel nice now.

Millennial are also usually being called failure generation, lazy, not working hard enough like previous gen, unmotivated, who can’t provide food, money, and responsibility to themselves or anyone else, and most of them are basement dwellers, it is sound like they’re doing everything to become sabotage the society, what if they’re never given a chance for at all? Didn’t all of them just follow the advices from the famous and successful person? Didn’t all of them are being taught to be lawyers, accountants, doctors? Didn’t they’re told work hard for a living and they will be granted with job security and pension? They feel cheated!


It’s unusual for the time being, because it is very strong it can be felt for everyone from young and old, I wouldn’t believe after knowing how my young nephew are being so political too just as young as 6 years old, when I’m young, I never talk about politics with anyone or I rarely know about it, today it is totally difference, everyone will talk about politics, as young as 6 yo, sound like a crazy leap forward.

That's sort of where I'm coming from. I think millennials have things much harder than the couple generations that came before them. Property is becoming completely unattainable for working class and even middle class folks. Pensions are a thing of the past. In the USA, even job benefits (medical insurance, paid sick days, and so on) are becoming a thing of the past as we transition away from traditional employment in favor of independent contractors. All while rents and food prices are increasing (and wages are not).

This situation is a ticking time bomb and I truly wonder younger people will do in the coming years. I believe consumers are in a much more precarious position this time, if another 2008 happens.

Not that long ago, even early in 90's house prices weren't like this. I remember my dad paying about %10 of his salary to rent and decided to get a house instead and paid about 3 years salary worth of money to buy our house. Think about it, 3 years worth of salary to buy a house, he wasn't some CEO of a big corporation neither, he was just a middle management in a logistics company. Which means he was making money a bit above the regular average and twice the minimum salary.

Look at the minimum salary of today, double it and calculate the 3 years worth of it, can you buy a house with it ? Impossible task, which means it is not going well for any of us, not just the millennial but also the elderly people who do not have as much as their friends have. Some old people saved and that is why they look down on us but not all of them did, hence why everyone should be scared of where we are headed.

Bitcoins was the answer to the 2008 finansiel crisis, a crisis that ended with the centrals banks started the money printing scheme we are still in 10 years later, the debt have never big bigger and the finansiel  crisis will come back with even bigger consequent one day.
In 2008 there was massiv layoff, so people was worrying about there future.

bitcoin be alternative investment or saving for us.investment world was very dangerous, and if we take a part in this world we should consider bitcoin and cryptocurrency as our portofolio.technology benefit from cryptocurrency will make it greater than other investment.and if world finance in crisis, this market could be the savior.

Based from what I have expeprienced year 2008 and 2009 for me where the days I had a lot of changes in my life. Economy was way better than what is today. Cryptocurrency was not even heard at that time in my region, it was only heard of when a virus that asks for ransome appeared infecting files and asking for bitcoin payment. Worries about money are still a daily part of anything but not until now when almost in anything you do worries will just pop every second of the day. High inflation rate, more unemployed individuals and so many other things. How I even wished time could be like those times again when life was not as hard as now.

Thanks, yeah there's a lot of good replies in that thread as well. We can only assumed that people didn't save because they're not aware of any economic crisis, just around the corner. As I have said, it's really a wake up call for me, really hard to keep up with all the bills if you don't have work. That's why I learn to have like half a year of buckets, just in case something worst happen. Just like your friends, they have 50% funds leftover but in just short amount of time, it was depleted. What can I say, they're young and enjoying life. But if given the chance, I would rather save for my future.

right, precisely the savior for our assets, because by investing in bitcoin we are not affected by inflation. imagine if we hold btc from 2018, of course now you are already rich. unfortunately at that time I didn't know him yet

It was started and built with simplicity and yet strong and rooted that could lead the digital industry into a massive good changes. Here we are witnessing the improvement and continues virtual progress even there are ups and down still crypto is alive. The massive and impressived growth of crypto community and cryptos is unbelievable. It is also unstoppable now and in the future.

if the fall continues, prices will return to the 2008 level, the longer the decline goes, the less faith in growth,
I still believe that these are temporary difficulties.

very lucky if we can know him and buy at that time because the price is very cheap. and maybe now enjoy life. but it's true that not only you, I also didn't know the bitcoin currency that year

Fisrt time I know about bitcoin at the end of 2015 year, but I still don't know about bitcoin as investing or trading, only use bitcoin as payment transaction for receiving at investment project, I sell my bitcoin without waiting price will grow up.

i don't know it because i do not attend in the crypto since 2008 year.im in here 2013 year and getting start crypto 2013 year.and since then I started researching it.but yes at the very beginning,i suffered a lot first time.but with the 2017 i could fill it.from now on i understand which is time would be better for me.

well fortunately in 2008 I did not know of a cryptocurrency exchange so I did not experience such an event, but I can only see the condition of the price chart that occurred.

So you must learn at a lesson from your mistake that once you invest in bitcoin you will have to wait for the price to be normal once again because it grows your money within month, I got to know about bitcoin in 2017 when price was already at peak but till now I did not invest as I am using it as a job still I am collecting money to invest as price now a day is really affording.

I don't have a good story with bitcoin in 2008/2009, I don't know what I was doing at the time, so I haven't been about Bitcoin for years, if at that time I had known Bitcoin, maybe now I was a very lucky person and felt a lot benefits.

The nature also got worried in 2008. I think we were facing strong financial crisis then because the world financial crisis started about a year ago then.  I could still remember in my country the federal government has to intervene into some bank before there could paid Depositors funds. The worries also metamorphor into different sickness that also takes funds from people and that inturn results in poverty and hunger.

Same as you I was not sure of bitcoin properly in 2018 but in 2017 it was so good after that it roused too high at the middle but after watching too high price in 2017 I become a little worry about price in 2018 for falling too low, but no worries there is nothing to have any stress, I am now happy that my patience ha given me best reward that I am having profit.

It is the financial system that I am so worried back then.

From that time until now I still dont use banks. It is just my  payroll which goes to the banks and I withdrew them all quickly once payroll is done.

Up until now I dont trust the banks, they use our money just so they could profit more.

One more that I worry is how transaction fees are getting larger. The higher the amount you send the higher you will pay. Yeah Western Union is one good example of it.

I started learning crypto currencies and all those worries faded away. I send money like once a month and I can say I saved a lot by now with all of those years that I did it.

2008 was foreseeable, it wasnt just a new thing because we had already some kind of market shock in 2001 with the dotcom bust which if you look at Nasdaq was truely epic.

The evident thing in 2008 was just how closely tied into the government was this failure or at least thats the point I finally noticed it was as a result of policy given out to favour housing stock, that had gone badly wrong.   I think Satoshi understood it was going to need fixing.
If you look into the writings or talks from Jim Rickards he was already aware of this centralised trend to failure in the economy.   The reason being he was involved in the 1998 bailout for LTCM which again had some government relation though it was a private hedgefund it also illustrated at the time how fragile the whole system had become.    I dont think Satoshi and Jim Rickards have any direct link but they'd likely understand each other on why existing outside the US dollar in future could easily be a positive, they both have very different possible solutions to that problem though

I am still remember how getting much profit with bitcoin at really lower price during 2018 and keep loving bitcoin and altcoin investment at the future, always have chance how to get much profit with bitcoin and altcoin during this years because give more chance with bitcoin investment.

This year? 2008/2009, I don't worry much about the future, I am just a teenager on that year but already working to help my parents to our daily needs. I don't know about bitcoin in that year, and I am just thinking about how to just be good at my Job. Hahah

Bitcoin become trending when it bullish at 2017, that was the year that I came into learned about it and I felt good because I found it but I do not try to invest instead I work on it to have something and it really worth. Until now that price is down, I really expect that the price will rise again just like the first time in here.

I learned about Bitcoin last year, and in 2008 I was in school, so I don't even remember those times. Now I work in the crypto sphere so for me, 2018 is more memorable year

2008 was a year known for recession and due to that many corporate got bankrupted and many employees lost their job and almost world economy got struck at those times. USA got suffered heavily due to their intensive home loan defaulters but developing countries from Asia and south America got chances to withstand on their own and then USA government started to print big amount of dollars in trillion value to bail out their corporate and their national economy too.

I was working in a software corporate at that time and lost my job due to that recession and then I entered into online earning by 2009 and I heard about bitcoins by that time or at least in 2010 but ignored it and then I checked bitcoin prices again when it was trading in ~$20 still I did not show interest to bitcoins. Then, again I checked by 2018 June/August and found it was trading around $600 to $700 levels so I opened a blockchain wallet to have payout from a faucet.

After bitcoin hit $1000, I started showing interest to bitcoins. But, the root case must be the recession in 2008. I lost job hence I entered into online earning then slowly entered into bitcoins :).

I am sure that at least you have enjoyed it in 2017. Of course that makes us remain convinced that the heyday of Bitcoin will repeat itself, so that we will avoid panic, and that is what is needed to overcome conditions like today

I have seen more people complain about the fees financial institutions charge, but most of them don't do anything to change it.

The most interesting aspect is that people legit believe that financial institutions implementing blockchain tech will help them reduce fees and speed up transactions, but that's not what will be happening. They will implement blockchain tech, but won't be granting their clients any of these advantages. In other words, you will continue with slow transactions and high fees. It's their core business model, how can they ever let go of that?

I doubt if anyone of us here are even aware of bitcoin at the time it started. And most people who started early only took it seriously a few years after. I probably wouldn't have thought much about it if i knew then.

I doubt anyone would actually mine an unknown currency which had no value or popularity if they did not believe it would eventually make an impact, no one may have been expecting the boom of 2017, but most early adopters, which was mostly developers had their curiosity piqued by the Bitcoin network.

My worries in 2008 was not that much despite the effect of economic meltdown world over though it's effect was not that felt in my country and maybe because I was not having much responsibility as compared to what am facing in recent time. Although I was not even aware of Bitcoin existence until 2016 that I got to know about Bitcoin and crypto currency in general.

I did not experience the bitcoin price situation in 2008 because I have only joined the bitcoin world and crypto currency since 2016,
but I once learned about the state of bitcoin at that time from the experience of my colleague who had joined since the beginning of bitcoin was created, but I can't regret anything, I never expected back to a time when bitcoin was cheap or expensive, I hope that in the future bitcoin prices will continue to increase.

maybe on 2018 situation in cryptocurrency market has same condition with current condition.the different thing maybe at that moment there is no insituttion investors and maybe fud not massive yet.

Same here after few years of 2008 came to know their exist something like this and thanks to people to letting us know how potentially it is strong and what a great future it has.  But back then by 2015 also I think hardly few % of population would be aware of this crypto currency.

so did I in 2008 not know what cryptocurrency was at all. until 2017, my friends were notified and at least 2017, I could feel the heyday of bitcoin at that time. Until now, I still expect Bitcoin to succeed again, so it can improve my family's economy. there are still many ideals that have not been fulfilled, and hope to get capital from bitcoin

Most of the country's world economy was crushed at the time,but the young kids like us may not aware of it.But in future id there is an economical breakdown the prices of cryptos will not much shattered if it used as means of payment.

Like to fell Dec 2017 year at that time,i made a lot of profit.in fact then Bitcoin value was much more impressive.But now many people have delayed the price of bitcoin.It's counted now the bitcoin price original ordering is going down continue.The feeling that surrounds that year where only the profit was high :-*

At the time I had no money so I was not personally affected by the crisis that happened at the time but I could see the lives of people getting harder especially those that had little business since they needed small loans at the time and banks were not giving loans to anyone, also many people that were thinking about retiring needed to postpone their retirement and some still have not retired to this date and I have doubts they will and it seems to me we are going to see a repetition of what we saw back then.

indeed for those who already have assets before 2017, of course they will smile sweetly by seeing the price that rises very significantly. especially for those who have a lot of bitcoins from 2018. of course they can retire now. but in 2018 new investors will certainly be painful and frustrating because prices have not recovered until now

You cannot compare bitcoin from 2008/2009 with 2018/2019. In 2009 Bitcoin was just started and no one knows the potential of it. In the present year, we have realize the true benefit of bitcoin and it is slowly being adopted by the society.

During 2008 bitcoin price still at lower and many investor do not trust about how bitcoin e digital payment currency could become on higher price like now, many investor is not interested with bitcoin and altcoin investment during 2008 and many of them always invest money at ponzi project, today we have check how bitcoin price could growing up and many people trust with bitcoin and altcoin investment at the future.

the guy above you is talking about the year 2008 not 2018 but i agree in you . the year 2018 is verry simillar on the current year that we have right now because both year have the same price  but we'll never know if 2019 will be slighty different because we still have 3 more quarters to go  .

@the op  . 2008 ?  i though bitcoin and the entire crypto universe did first start on the year 2009 ?   hmmm?


and why not ? there is nothing wrong in comparing . people only compare because they see that the prices of cryptos do have a simillarities when you look at its price history  .  the price might be closely simillar but the adoption on this current year is more over compare to the past existence of cryptos  .

The situation is certainly different, at that time people were not familiar with bitcoin, the number of users was still small, trust in bitcoin was still low, and so forth. lucky people who invest in bitcoin at that time. whereas currently bitcoin already has tens of millions of users, and many people believe in this investment, the only thing that is still the same is, the potential of bitcoin is still huge.

Those investors back in 2008 didn't expect that the price of bitcoin will become profitable. All of us surprised because of its profitable value nowadays. This is the proof that the price of the bitcoin is continuing to grow up as time passing by.

I've known bitcoin before many other people. In 2010 I couldn't remember exactly how much bitcoin I had but it was close to almost 600. This really is the perfect experience for me. Of course, in 2010 bitcoin has not good worth compared to 2019 :) but it makes me happy that when I thinking of old days. No one could know that bitcoin would be so valuable in next days and of course me too didn't know it and I didn't hold my bitcoins :D

Well we compare because it is very important to know if price of bitcoin is increasing with time or it is decreasing, so that’s why we are comparing both years, but in 2018 I was not worry even price was too low but still I was holding and I was waiting for this time to when it will start increasing once again so here we are in 2019 gradually everything is being normal once again.

Cryptocurrency market change a lot in 10 years. Early 2017, crypto market cap value still below $100billions and reach peak value at $800billions and now $135billions. Its change because market condition or news. Crypto will growing bigger because already recognized by financial institution

Yes it has been changing since long and it will keep changing this way., we should hope for the best, 2018 price was low but last year it was high so I was sure in next year price of bitcoin will be normal once again so no fear only I was holding and waiting for best time again to sell at high price, that’s why I am happy I have my bitcoin save and still I am not selling but holding patiently.

from where you have confidence in it. I don't think anyone knows exactly when that time will come. I think strengthening psychology is better, to wait for that moment to come

The banks were badly hit and they were not having money to give out in the first place and the government had to intervene and help the banks recover from their losses. I had my loss in the share market and lost a huge amount which i was able to recover later when the market reached new heights as well as the bitcoin market helped me tremendously in giving me the returns after that. ;)


If you are talking about early retirement, yes the crisis shattered many lives but there is an age for retirement even if you are not willing to   :P. Comedy aside we might see financial crisis every now and then but i do not think we will see the crises of the same magnitude like we saw in 2008 in some years to come, it is a cycle and it might happen in the next twenty to thirty years or even before that time.

In the year 2008, I was totally new to bitcoin and came to know in 2015 just, just knowing the web was created with an assortment of uses. So for history, it may just be a look at perusing and tuning in, and not understanding the advancement of bitcoin can be as huge as it is today.

The movement of the bear showcase is astonishing and can give a great deal of understanding to the individuals who are associated with web innovation, SHA256 algorithm and blockchain based projects.

Same with mine too.I have heard already bitcoin in the year 2008 but i was never that interested that time.I have never imagine that bitcoin will make a big impact on the world's economy after few years.Maybe those who have invested bitcoin in the year 2008 have gone too far already and are becoming millionaires of today.

During 2008 bitcoin still lower interested by all investor, many people do not trust about bitcoin could growing up like this year, how many people become rich person if keep investing their money on bitcoin during 2008?

By that time I wasn't aware about bitcoin, another thing it was provided as a giveaway during those days. In specific most of the early adopters without knowing about it made investment while very few knew about the use case and made investments. None could've thought it would reach to such a level. In an article read about an early adopter selling when the price reached $100, now he felt of missing a big profit.

those investors at that time did not care about the price of bitcoin and even only considered bitcoin as one of the currencies that could not have an expensive sale value and many doubted its development, and now many are sorry for not buying when the price of bitcoin is very cheap. be happy for the person who bought bitcoin in 2008 and sold it when the price could be above $18k.

this has been a very long time, I have no longer remembered my feelings about financial worries in 2008. I just believe that if we work hard, then we will get commensurate results.

Honestly people feel numb about economic crisis if you ask me. 2008 was a horrible year and 2009 was a bit the same specially at the start, it was about September or so when the crisis really hit if I am not remembering that wrong and 2009 continued to be horrible at the early days as well because of the late 2008 crisis. However just because we had seen those days and all of us felt the consequences of what banks did (still weird to think banks did a mistake and whole world paid for it) doesn't mean we will feel the same next time it happens.

If you look at the stock market drop that happened late last year you can see that they were quite similar at affect and it really hurt the whole world again but this time we were so numb that people didn't even reacted that much to it.

That is just an illustration because that year was the starting point for the emergence of Bitcoin, and people who experienced that period now certainly have gained a lot of benefits, so 10 years later we can also feel the same

before I'm in bitcoin for 2 years. so in 2008-2009 I'm not yet very aware but in my presence here I am getting stronger now facing life's challenges especially today, and as I know in 2008 the life of bitcoin crystals was a lot better now than most great value and their investment has been a success, so it's a great model for everyone and hopefully it will happen again this year, 2019 will be waiting for me to be a bitcoin this year's success.

I don’t know bitcoin yet that time, but after reading a lot of things about bitcoin I can say people are really don’t care about this market at all. Very few people took the risk of buying bitcoin without expecting anything, and right now they are already a millionaire. I hope this will happen again in the future, hope to see a greater price where bitcoin will create a new group of millionaire.

I didn't feel the punch of global crisis that time. I was on my third year at the university and my parents were covering all my financial needs. I also do not remember did they compared or not, that was so long time ago actually.

crypto currency and its investment are very large risks that we will get and one of the prices that have decreased so many investors who start panicking and fear but with our confidence many investors who benefit from investment with crypto currencies

indeed personal self-confidence is the best way to invest in cryptocurrency. agi who know bitcoin in 2008, certainly got a big profit in 2017. while those who invest now will certainly enjoy the results later when the bullrun starts. patience is the key to waiting for it all

Yeah many people who did not invest in 2018 must me sad now because now golden year has begun and it will keep increasing in price 2019 will prove as best year this time, people cant make prediction surely about price but they should have faith and it is only faith and determination which gives us profit at the end after investing so I was confident about my future.

Very very weird, can you please get your facts straight? Bitcoin what release in January 2009, so how can someone invest in 2008? And remember 2008 was a financial meltdown as far as I can remember. Lehman collapses, many losses their job, it's a hard time for me and my family. But I'm lucky that I was in the Information Technology sector because despite the hardship, US are off shoring somewhere to cut cost, and I'm lucky I got some job during the crisis in 2008.

The start of 2008 was fairly normal, it was a gradual crescendo but it surprised many and not until Autumn (markets rose July to September) was it completely obvious this effect was ongoing and would not be going away.     Drastic measures were taken, laws were changed and the national debt doubled just to turn around banks from their previous actions.   Even after all that it took till March 2009 for the train crash ground to a halt and markets started to rebuild the lost value in their balance sheets etc

In march 2008 I read an article on Bear sterns going broke and despite warnings written about exters triangle and process of deleveraging (contagion) I thought it was just a bank trouble not a thing that would propagate to every part of the economy.   Pretty much everyone thought that.

My take is that 2008 will repeat, same thing people will be aware and yet drift into troubles of similar or greater magnitude.    The reason 2008 is worse next time is they have already done everything possible, nothing is left to do but take the hit.   You know this is true because none of the 2008 debt was repaid, it is structural failure patched using band-aid holding it to this day

https://i.imgur.com/q64Hl2a.jpg

in 2008 the price of krypto was still very low, and so I had not done anything at the time. so now I am also very disappointed that the price of krypto is also cheap that year, but I think that I also still have many opportunities to invest in crypto now, because now the price of krypto is also starting to increase. so I'm sure I will also get more profits in the future.

It was quite uneventful for me. I live in a developing country and somewhat insulated from the 2008 crash. It did affected exporters and families that are reliant on remittances, especially those that receive theirs in dollars. But for the rest, it's just the usual plod.

  For sure those who bought in 2018 will have to wait for their good time now in 2019, if they were bought in 2017 and sell in 2018 it was not good too so I think we still have this opportunity in our hands’ just bought in 2018 and I was aware of my inner strength so I did not become so worry about fall I just keep holding and till now I am waiting patiently.

That reminds me of how much the price of Bitcoin that time. It seems like people nowadays forget the history of Bitcoin where in it goes up and down every now and then. Yet again it grows too much in this present days and this current dip makes people panic and losses their patience towards cryptocurrency.

people always wish and dreaming and it will only make you regret, time has happened. and after all, the current price of bitcoin is still low,
and the potential is still very large? take advantage of this time to buy more, so you won't regret in second time

Many thanks for every one have helped me joined and teach me how to invest money at bitcoin and altcoin, always got profit with bitcoin and altcoin become asset and could be growing up later, during 2008 I feel bitcoin is nothing but today bitcoin become stronger e digital currency.

If I remember it right there is an economy crisis in US at that time and because we are from asian country, we are also affected. Year 2008 im working in an electronics company, I cant forget our manager he gave us a sad news that the owner were going to close his business and we will get half compensation as a regular employee.

During that time im still single hence having no work is not a problem since no one is relying to me. I became interested in fb investment program and tried it, the following year btc were introduced but having no clue what it is I just ignored it. I started engaging myself in btc early 2015 when the value is less than $1k.

All those worries about job security,retirement plans,business growth,future generations(our kids) will gonna chase us untill the rest of our lives.We have to get use to it and fight our way to success.
Back in 2008-2009,I didn't knew that bitcoin existed,I was just a teenager with optimistic thoughts about my future.Everything is really different now,but it will get better.

That year I did not know the crypto currency with all its investments. I knew crypto about 2 years ago, maybe at that time the crypto currency was experiencing extraordinary developments and was very profitable for investors.

I was at school busy with things, I had no money to invest even if I wanted to, I was completely broke like most students.
I didn't know about Bitcoin and I didn't care about bailouts or the financial crisis and I wasn't thinking about making money. I could only dream about having them at that time. I wish I knew about cryptocurrencies :(

If only i have known early about bitcoin as early as 2008 or even 2010, then i would probably invest in bitcoin and some altcoins because it's the early stage of this breakthrough technology where i think it will bloom in the next couple of years.

unfortunately we were too late know about bitcoin.but i think current condition has same opportunity in 2008 if we courage to buy bitcoin and altcoin.almost all cryptocurrency now in dip, and ready to recovery in near future.

Bitcoin created after 2008 economic crisis and satoshi think economic system corrupt. Many people laugh when bitcoin created and become news in online media because many people think its digital toy and i am believe many people regret not buying and hold bitcoin at that time

With the financial system in place we will continue to see these type of crashes every 10-20 minutes.  This is what happens when you have a system that revolves around debt.  I know many economists say this is required for growth but I disagree. 

It's quite similar to 2018, it has been making many people nervous and depressed. The crypto market has completely collapsed after a short period of time and many people have committed suicide. I think this is the worst emotion and in 2008 only brought us anxiety.

What? Really? I never knew a lot of people committed suicide that year! That's horrible! Are you sure this happened and that it really became a trend that time? I never heard of it but I can't be sure neither since I was still a high school student at that time and I was careless and self-centered.

Bitcoin is full of advantages that need to use properly at the end only winners enjoy for holding and those who use to sell will cry as those people who sell in 2018 are now sad after watching market rising price remarkably, I did hold in 2018 and I am waiting for my good time which is not so far, but still there is good time for all people price is increasing but not at peak yet.

It is still a good time for those who have believed that everything happened and there is no chance to go back, because we are in a phase of accumulation, prices are now the most economical in this phase, what is a bit stressful is not knowing how much time can we delay here, but for any investor that is enthusiastic and believes in technology and that, in addition to wanting to increase their investment, I recommend buying and waiting, whenever necessary.

That’s not a new thing anymore, people always find something to be worried about. And Satoshi creating cryptocurrency has nothing to do with what people are worried about. He just created cryptocurrency as a means of making global transactions quick and easy. There are lots of quick options to choose but what makes cryptocurrency seem better is that it is quick and cheap at the same time.

Right.There's always been a great opportunity for bitcoin if we know how to see it in a positive way.Particularly with the condition of the market today,we can start buying potential coins while they are still low in price and makes profit with them once a bull appears.We are still in the same situation today.It would only be different once you start making an action now.

The first whitepaper by Satoshi was easy and understandable for the applying methods of bitcoin as first crypto. Nowadays, new projects look for non-understandable ways to explain project than explaining it in simple words. Low prices worry new investors but let's don't forget the financial crisis days for other financial assets way back to 2008.

of course everyone will experience something like that, and naturally if it happens.
because the economy is also one thing that cannot be guessed whether it will improve or deteriorate.

in 2008 I didn't know anything, I didn't use the internet. starting in 2014-2015 I got to know bitcoin, and started entering this industry in 2017.

In that year I still did not know about bitcoin, maybe those who knew at that time were very lucky and also made an investment because the price of the pastina was still cheap and not many people knew about bitcoin that year

Were you using bitcoins from 2008/2009 ?  If yes, then you must have sold some of your bitcoins at almost zero prices. I started you using bitcoin from 2016 and i have seen both the bull and bear market. For me the best year was 2017, when bitcoin and every altcoins were moving in only one direction, thats is Upwards.

At that time, I still did not know about bitcoin, even the development of the internet at that time was still minimal, and now if people already knew at that time they should have been able to enjoy their lives because of the benefits

maybe they didn't expect bitcoin price will hit all time high at 2017.if they still hold their cryptocurrecny maybe now retired from all of their activity.enjoy their life with money from bitcoin and other cryptocurrency.

most people in 2008 did not know much about bitcoin, and bitcoin has not spread so widely, only a few people know. therefore my feelings are actually miserable, and I also think why I don't know bitcoin from the past, and feel what a bitxoin trip is, and that makes me think. but of course we must not regret something that has happened.

If you were aware of bitcoin at 2018 you were so lucky because price was not very high and it was affordable, I was trying to buy in 2018 because price for me was really good, I bought some coin so now I am holding and I hope till the end of 2019 price of bitcoin will reach almost double of the money I bought it early 2018, so I was feeling excited to buy more and more.

therefore we can imagine if 2008 had known bitcoin, of course we could retire now. but this is not without challenges. because psychology for floating plus is also not easy. and until now we know that BTC has good potential for the future

I wish I knew about bitcoin then, maybe I would have been counted among the richest people in my country by now because back then I would have been able to get so much Bitcoin because I was still doing a good job. I probably didn’t have anyone around me who knew about it and there was no much exposure.

We thank God for technology, internet and different mediums of communications now. It has really made things easier. Those who knew Bitcoin at early stage and understood it where really the MVPs, they are so lucky but it’s still not too late for us because Bitcoin has not reached the peak yet.

That's the culture of mankind, we tend to underestimate what pension is all about when we are younger and focus on it when we realize that we are getting old and that's the time we'll start to work our asses and experience every bit of our hard earned money to be useful in the future.

How I wish that I was matured enough back in 2008 and started to do some stuff that can make me a profit out of Bitcoin, and of course if only I discovered Bitcoin earlier that year then I'm the most happiest person today and I know that it's not too late to learn new things.

Ofcourse this took satoshi several years to create bitcoin so i don’t think theres a similar occasions why the crypto was created and the issues you have the same year.but maybe you are right why satoshi decided to bring us bitcoin

Never regret what happened in past because the important thing is we come to know bitcoin before the final booming happen sooner.buy now as much as you can

This is over a decade ago. I can't really remember what I was doing then but I pretty know that I was not into Crypto currency then. I got to know about cryptocurrency is 2017 and since then I have been able to gain more knowledge about the digital world both positively and negatively and I hope that the coming years gets more brighter for the crypto sector. So I can be able to tell my past experiences by then.

changes after changes continue to occur and without anyone can know the predictions with certainty thus we as investors must have more confidence because the risk is

who added few bitcoins in 2009 and 2010, is happy today, and a pity few believed, but who believed today is retired!

I adopted Bitcoin is still new, in 2008 I saw the history of prices still low, but I believe the experience of those who have long adopted Bitcoin can no longer be doubted. But I feel very lucky to be in the crypto generation now, when prices start to increase. And now I can only look forward.

when you choose to adopt bitcoin as much as you can like right now it is a good choice because you will get very much profit when the price has recovered, and don't worry that the longer the bitcoin will be harder to get so the price of bitcoin will be very expensive .

On that year i had seen there was a lot of people losing their jobs and being poor because for some countries economy crisis happened but gradually the people life are getting better and better for each years until today although some of countries still cannot solved their economy situations but basically if i compare between 2008 and next years from it this is obviously better

I do not. I was just in college I think at that time and doesn't know how to finance my money so I don't feel anything special that year. But one thing is for sure, I heard a lot of talkings about bitcoin but I don't care since I don't care about financing myself. I only care about that time was video games. Nothing more.

Those who bought in 2009 are lucky because long ago in 2009 price of bitcoin was not very high but it was having high potential to recover the price, in 2008 bitcoin was not invented regularly but there were some people talking about it, I am sure price of bitcoin at that time was best to buy, those who bought are lucky people.

Despite the fact that bitcoin was develop in the year 2008 most of us in the forum today know nothing about it and at that time we all have our worries and life challenge. To me in that year 2008 I was busy and worry about my part time job.

At that time there was still no information about bitcoin and in my opinion it was fortunate for those who already knew about bitcoin at that time and had it because maybe they had become millionaires

most of them now be millionaires , they have alot of real asset from their reward or profit  from cryptocurrency market.but don't forget there are alot of investors that suffering loss to at that moment.they  buying bitcoin  on peak price and still hold it.

I know where during 2008 bitcoin and altcoin price still lower and many people do not really care about bitcoin could raised to higher price like now, always give negative feedback about bitcoin and altcoin price.

sometimes people only see part of it. nowadays many people are frustrated because of the price, but if we look at it from the beginning to 10 years, bitcoin has shown good progress, so that the potential for the future

bitcoin price shows good movement since 5 years ago.maybe people never thought bitcoin price will hit $20k on 2017.and now much people interested investing in bitcoin in order to gain much profit after several years.

If you don't see its true worth, dont invest.

Let them do and think what they want to do and what they want to think. We all know the potential of the price and we all know it will not just stick into that price. For a long time, Bitcoin's price is sticking at $4K and $3K, $3K for long but now we are seeing a progress and that is just enough proof that we are making an improvement in price.

If anyone is involved in bitcoin from 2008/9 till now (thats almost 10 years), he should not be frustrated seeing the current market conditions. Its only the new comers who see the bear phase first time and think that this is the end of bitcoin. We already know that bitcoin always recover and make more big highs. We need to be patient for this time.

Since I was not very interested in the economy sector during the 2008 crisis and I was a child at that time, I do not remember much for myself. The only thing I remembered for that period was that the people of many countries were having a very difficult time and the economy of many countries was constantly stretching. People continued their daily lives with the fear and fear of loss of business, while business life was on a halt. Although the people have difficulty in making money, they were trying to increase their accumulation and to evaluate them in different areas. Many countries suffered from problems such as bread, medicine, natural gas and gasoline. In addition, rapidly rising product prices did not disappear in any way. I think I am fortunate to have spent the bad days as children, but I think we will face bad economic days in our youth.

I got to know and acceptance to learn more about BTC  in 2017, after been scamm through a ponzi scheme, that pays interest with BTC, I felt BTC  is another form of  ponzi, took time to research before I purchase my first  BTC and  became a member of the community.

my country may be for information and news a little less fast and lagging right like what you say if you know from 2008 that it is possible I have more than enough installments in crypto currencies

Well, I think most people have discovered bitcoin and cryptocurrencies only in the last few years so they csnt describe how they felt back in 2008 since they were doing different things back then. Anyway it's interesting to read old users from this forum sharing their experiences with bitcoin and how they felt back in 2008 when bitcoin was just created. I wish I would have also discovered it back then.

Wow you are so lucky that you are having investment with bitcoin and other crypto currency, in 2018 I do remember price was not so high and now we can see price has become so high that we can surely say our future is gonna bright, I was not having enough money to buy some coin in 2018 but I was sure price will be high later on, that’s why I joined bounty and I am making money to invest,