Remember when this looked like the end of the world?

[Willitivity]

I was remembering the good old times and saw this:



Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:



This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.

And also realize how the % of volatility has went down a lot, even with the current ups and downs.

Study the price and the perspective that people had back then to get a better picture.

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

[buwaytress]

Let's not judge them like this. I wasn't a holder at that time, I didn't even knew bitcoin back then, so that guy was still ahead of a lot of people. Maybe he changed his mind and bought more, as many of us do, now that bitcoin keeps showing us that is here to stay, and progresses through every obstacle it encounters during the way, like silk road, mtgox, hard forks, china ban, etc.
It's not easy to know what to do with such a new technology. Bitcoin has value, but no one knows how it will evolve, and not everyone can risk it, so I can't blame him for those comments.

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

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

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

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

[upsidedown75]

I was remembering the good old times and saw this:

[im g]http://image.ibb.co/gPoKXw/bitcoin_price.png[/img]

Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:

[im g]http://image.ibb.co/cNbOsw/42352123.png[/img]

This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.

And also realize how the % of volatility has went down a lot, even with the current ups and downs.

Study the price and the perspective that people had back then to get a better picture.

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

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

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

[ajdaj]

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

[Daimon88]

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

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

[ElvenRaider]

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

[Vastraint]

I was remembering the good old times and saw this:



Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:



This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.

And also realize how the % of volatility has went down a lot, even with the current ups and downs.

Study the price and the perspective that people had back then to get a better picture.

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

[Kriptex]

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

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

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

[naidray]

There will be no end of the world so the sun rises from its setting ie the sun rises from the west but man ever that year will happen

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

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

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

[richkellj]

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

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

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

[The_Dark_Knight]

What are you talking about? Why feel sorry for those who sold their bitcoins? They had the opportunity then to buy your coins back. I'm sure many people did. Now, too many people buy and sell bitcoins every day. You all will feel sorry for them? Perhaps in the future bitcoin will be worth $ 100,000. What are we not to sell the coins today?

Exactly, why feel sorry for such folks  who thought themselves  to be wise and sold their bitcoins  for their fiats. I don't sympathize with them one bit. It's a lesson  for our generation also to learn and not sell at the hearing of a dip or any negative news.

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

[james23]

I was remembering the good old times and saw this:

http://image.ibb.co/gPoKXw/bitcoin_price.png

Back then, a lot of people sold their bitcoins, and never came back. These people are of course hating themselves for life. People like this:

http://image.ibb.co/cNbOsw/42352123.png

This guy saw a huge, unsustainable bubble at $15, the price went as high as $30+ before the correction. These are the type of guys that are perma-bears and hate people that held it and will try to make you dump just to feel better about how wrong they were.

And also realize how the % of volatility has went down a lot, even with the current ups and downs.

Study the price and the perspective that people had back then to get a better picture.

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

[sclmte]

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

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

[maxj57634]

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