Is anyone that held throught 2013 crash worried about the current situation?

[darkangel11]

Sure, I can say that I've been through that crash, although I haven't had any coins in 2013, but I got some in 2014, thinking that the crash was over and we'll start going up from the $600s. And we did! For a while we were going up and then the news about a China ban started coming in like every couple weeks and we ended up at 300s. Back then I was so depressed that I decided to forget about it. I stopped checking the charts because every time I did it was ruining my mood. I even gave up the forum for almost a year in 2016 and went on with my life thinking that I'll end up buying booze for all my coins one day and drinking myself to sleep.
Those times are gone and look where we are now. I sold a couple coins and I regret it, but I kept almost 80% of what I had back in 2014 and i'm proud of it.

[ktabb]

Are you fuck*ng kidding me?

I started getting into Bitcoin when it was like $750 bucks, it crashed all the way down to $150 coming from the peak of $1200 ish on MtGox... everyone was saying it was dead, but the more I read about Bitcoin, the more it became OBVIOUS to me that Bitcoin was extremely cheap at $1200, and obviously at $150, when all the idiots were claiming it was dead. Now we are once again experiencing exactly the same situation. Bitcoin's technology keeps evolving, everything keeps getting better, but all the noobs get distracted by fake news, fork this fork that... sad to see, but this gives us smart money the possibility to accumulate more before floor becomes 6 figures.

Anyone not accumulating Bitcoin under 5 figures a coin is completely insane. We will revisit this thread in 2020 for some perspective and time will put once again everyone where they belong.

You could not be more wrong or delusional. There are other, far superior cryptocurrencies out there if you really feel like crypto is the future (which I strongly disagree with). Bitcoin and the crypto space is fundamentally WAY different than it was in 2013, or even than it was in 2016/early 2017. There is competition among alt coins that did not exist in any significant capacity previously, and bitcoin's show-stopping scalability problems have come to light. Why on earth is bitcoin worth anything at all when there are far better options out there?

Yes please, let's revisit this in 2020.

[sofi@]

Maybe no, those who were there when bitcoin value was only $100 can still say we are not in crisis and this is just a fluctuations that open up opportunities. Surely they are sitting on a bench while looking to those people who are in panic mode believing bitcoin will going to end so they sell their coins

[STT]

Are you fuck*ng kidding me?

I started getting into Bitcoin when it was like $750 bucks, it crashed all the way down to $150 coming from the peak of $1200 ish on MtGox... everyone was saying it was dead, but the more I read about Bitcoin, the more it became OBVIOUS to me that Bitcoin was extremely cheap at $1200, and obviously at $150, when all the idiots were claiming it was dead. Now we are once again experiencing exactly the same situation. Bitcoin's technology keeps evolving, everything keeps getting better, but all the noobs get distracted by fake news, fork this fork that... sad to see, but this gives us smart money the possibility to accumulate more before floor becomes 6 figures.

Anyone not accumulating Bitcoin under 5 figures a coin is completely insane. We will revisit this thread in 2020 for some perspective and time will put once again everyone where they belong.

You have the power of perspective, experience and time.   Also you've probably gained alot more then people who entered at a higher price, I want to know the weight of people who have entered higher vs the old timers who are well into the black on the long term gains.    

Old timers arent worried because they arent risking more then their profits, its a position of comfort.   New entrants stand on their tip toes on a clifftop in high winds with less gains, or none or even worse borrowed to enter which should never be done as this transaction system is un-leveraged and should stay as genuine in that way as much as possible.

This is why pullbacks happen I reckon, BTC has less slack which propels it upwards and yanks it back too if we become top heavy.   Regular commerce, transactional exchange needs to flatten this market out like a steam roller, distribute gainers and losers more evenly so we get a firmer base to build from.   Too much speculation is not good imo, I agree with OP we'll find a direction and progress and this is less serious then the Mt.Gox sell off/confidence falter even though that wasnt even the protocols fault really.
   I do think growth is very much important and Bitcoin itself needs to develop and justify the worlds interest in it, take nothing for granted as speculation is based on that expectation.

[Inkdatar]

Maybe no, those who were there when bitcoin value was only $100 can still say we are not in crisis and this is just a fluctuations that open up opportunities. Surely they are sitting on a bench while looking to those people who are in panic mode believing bitcoin will going to end so they sell their coins

Many has been worried about this current situation also those noob always saying bitcoin will end in this crisis time. Most had panic sell even losing all their hodling coins. I agree we can visit this thread after months, years to updates of the current situation that worried for many. Hence, believing in bitcoin would help that price could increment anytime.

[gabmen]

Maybe no, those who were there when bitcoin value was only $100 can still say we are not in crisis and this is just a fluctuations that open up opportunities. Surely they are sitting on a bench while looking to those people who are in panic mode believing bitcoin will going to end so they sell their coins

Many has been worried about this current situation also those noob always saying bitcoin will end in this crisis time. Most had panic sell even losing all their hodling coins. I agree we can visit this thread after months, years to updates of the current situation that worried for many. Hence, believing in bitcoin would help that price could increment anytime.

Well the difference between then and now is that there are far more people who'll panic sell because of the hype btc created last december. But for long time btc holders, we've seen worse. And it happens a lot so i don't think many were concerned that much

[francis2]

Are you fuck*ng kidding me?

I started getting into Bitcoin when it was like $750 bucks, it crashed all the way down to $150 coming from the peak of $1200 ish on MtGox... everyone was saying it was dead, but the more I read about Bitcoin, the more it became OBVIOUS to me that Bitcoin was extremely cheap at $1200, and obviously at $150, when all the idiots were claiming it was dead. Now we are once again experiencing exactly the same situation. Bitcoin's technology keeps evolving, everything keeps getting better, but all the noobs get distracted by fake news, fork this fork that... sad to see, but this gives us smart money the possibility to accumulate more before floor becomes 6 figures.

Anyone not accumulating Bitcoin under 5 figures a coin is completely insane. We will revisit this thread in 2020 for some perspective and time will put once again everyone where they belong.

I'm new to all this so to me the reason is those that bought bitcoin did it because of the hype in the media and now the price is decreasing and we see mostly bashing and FUD so those who bought and have no previous experience with bitcoin or any other investment did it without really understanding what they were doing and are in panic and doing what they are told so they sold their bitcoin.

[Sir Cross]

People who invested in Bitcoin or other cryptocurrency or maybe even tokens don't understand how it all works and why it works. They don't want to know. They just want to earn some money fast. That's why they always panic.

Most of them must have already exited once the price started to go down and felt like they were losing their money. In futile attempts to at least cut their losses, they must have sold their coins even when the price has been dropping or their investment occured a loss rather than a gain. Not knowing what bitcoin actually is, they mistakenly thought that they would be able to become rich immediately probably after hearing stories of bitcoin millionaires from early adopters. This is a misconception of many.

[hackzang12]

I remembered the last time i bought bitcoin when it was $250 and suddenly i sold it for almost $400 then. i didn't know what's happening around that time. It was 3 years ago, now that i'm happy to connect with you guys here and waiting for another 2 years to get in touch with some comments. love the thread by the way.

[STT]

People who invested in Bitcoin or other cryptocurrency or maybe even tokens don't understand how it all works and why it works. They don't want to know. They just want to earn some money fast. That's why they always panic.

Most of them must have already exited once the price started to go down and felt like they were losing their money. In futile attempts to at least cut their losses, they must have sold their coins even when the price has been dropping or their investment occured a loss rather than a gain. Not knowing what bitcoin actually is, they mistakenly thought that they would be able to become rich immediately probably after hearing stories of bitcoin millionaires from early adopters. This is a misconception of many.

Weak hands, the price drops because of these guys.     Too much air in the price, it becomes spongy and we get a sell off or really harsh pullback like we've had.     Then the dynamic becomes like a snowball, people sell because other people sold.

Standard market dynamics and Bitcoin especially is full of speculators so its sliding all over.    Transactions fees have come down so longer term I'm bullish we can build some commerce use which matters way more then people hoping on BTC like its a lotto ticket

[Oceat]

People who invested in Bitcoin or other cryptocurrency or maybe even tokens don't understand how it all works and why it works. They don't want to know. They just want to earn some money fast. That's why they always panic.

Most of them must have already exited once the price started to go down and felt like they were losing their money. In futile attempts to at least cut their losses, they must have sold their coins even when the price has been dropping or their investment occured a loss rather than a gain. Not knowing what bitcoin actually is, they mistakenly thought that they would be able to become rich immediately probably after hearing stories of bitcoin millionaires from early adopters. This is a misconception of many.

Weak hands, the price drops because of these guys.     Too much air in the price, it becomes spongy and we get a sell off or really harsh pullback like we've had.     Then the dynamic becomes like a snowball, people sell because other people sold.

Standard market dynamics and Bitcoin especially is full of speculators so its sliding all over.    Transactions fees have come down so longer term I'm bullish we can build some commerce use which matters way more then people hoping on BTC like its a lotto ticket

Most of them are newbies in trading and just like a bandwagon members keep on tailing where the people go, as a result they end up losing their investments without thinking the other possibilities. In crypto world everyone should think differently rather than like buying and selling like a simple goods without thinking the value of it in the future.