does anyone remember...

[bitbunnny]

Yes, I remember that, but the majority of completely new and enexplored thing have to go through the simillar phase. There are always people who want to diminishw the value and influence of something that maybe represents some kind of competition or threat to them or things they do. There was no difference with Bitcoin. Today there are still people who beleive that Bitcoin is a scam and something that won't last.

[bob123]

Unfortunately i didn't knew anything about bitcoins back in 2013.
I wish i already knew it there 

[marcuslong]

When Bitcoin was called a scam, a ponzi-scheme, a joke? Does anyone remember back in 2013: The greater fools that ended up paying $1200/BTC? Or the time several million BTC just appeared out of nowhere and the entire system had to be restored?

I dont know if i know how to use computer in that year. Almost all earning in online has accused that it is ponzi-scheme so its normal to cyberworld that they accused bitcoin before. But now bitcoin cant called a ponzi-scheme because manh bitcoin have trust on it. And if the price will down it will up again because many people thinks it is not ponzi-scheme.

[naidray]

When Bitcoin was called a scam, a ponzi-scheme, a joke? Does anyone remember back in 2013: The greater fools that ended up paying $1200/BTC? Or the time several million BTC just appeared out of nowhere and the entire system had to be restored?

I remember not only that time but even the today's days when there are people who do the same or put in discussion the value of bitcoin as an wonderful invention and as a qualitative currency. As for the bough at that price I think that are not fools that who have bought. In the times to came I believe that it will be normal that bitcoin will be bought even with the double or the triple of that price.

People are not sure what bitcoins are and how are they invented or how the price fluctuates. Since anyone can open a bitcoin wallet and transfer coins to anyone in the world without the need to verify the source, it is considered money laundering. The price is not spoken about a lot but the source is always considered gambling websites or some illegal transfers.

[Supercrypt]

When Bitcoin was called a scam, a ponzi-scheme, a joke? Does anyone remember back in 2013: The greater fools that ended up paying $1200/BTC? Or the time several million BTC just appeared out of nowhere and the entire system had to be restored?

i can't remember that,because at that time i not yet know and hear about bitcoin,the end of 2013 is my time,and velue at that time was $600 if i dont wrong,always happy to remember how expensive bitcoin price on that year.

Then you missed the wave when the price was $1200. I also joined earlier and the price reached $300 and unfortunately I had sold all my coins. I never heard about bitcoins being called a ponzi but it is banned in Russia, Bangladesh and some more countries.

[fravia]

When Bitcoin was called a scam, a ponzi-scheme, a joke? Does anyone remember back in 2013: The greater fools that ended up paying $1200/BTC? Or the time several million BTC just appeared out of nowhere and the entire system had to be restored?

no i can't remember that when these talks was alive, because  i started to use bitcoin in late 2014 only, but my friends told me about that and it was funny for me for some reason

and  i have to say that even now some people talks like that, that bitcoin is a scam, very large one, i even saw that on internet news and it is weird for me to see that peoples till talks like this

[isen]

Yes i remember very well,you can always find people who have no clue about what they are talking about even now.just ignore them history proved that they were wrong and bitcoin is getting stronger day by day.

[allthingsluxury]

lol yes! I remember this well. Some uneducated people still say this, as this was the talking point they heard years ago. Yet, more and more people are looking at it and knowing that it is indeed legit and here to stay.

[MingLee]

I wish I could say I remembered those days, but I came after those events and thus I have no idea what the board was like, and what people were saying during those times. I have done some historical research, but I can only get so much from that. It is far easier to see everything in real time, and a lot of the news articles seemed fairly over-exaggerated overall anyways. Maybe there are some more things that are accurate and weren't bad, but I have yet to find them. Every article was pushing its own agenda.

[Junko]

Yeah, I remember that time. They were saying those things even well before 2013, calling it a ponzi scheme, Enron 2.0, Beanie Baby fad, Tulip Mania and all other kinds of stupid shit during the previous ATH's. I remember because I started learning about bitcoins in late 2011 and was debating whether I should buy bitcoin or not. I think knowing the fact that the mainstream media are full of shit tipped me towards taking the red pill and buying bitcoin. Best decision I ever made.

[richardsNY]

There are a lot people that still got the impression that Bitcoin is a scam or ponzi. It's mostly the media that makes people think like this, and people still take everything that comes from the media for granted. It's sad.

[mobnepal]

In 2013, i even didn't have 0.01 bitcoin in my wallet as i was just in the beginner phase in learning about bitcoin. But it is reality that i was intrested in bitcoin after seeing 1000$ per coin which was lower than 100$ per coin quite few months ago. And i think even today lots of the people who are in newbie phase really like to grab some bitcoin before halving. 

[Hugroll]

When Bitcoin was called a scam, a ponzi-scheme, a joke? Does anyone remember back in 2013: The greater fools that ended up paying $1200/BTC? Or the time several million BTC just appeared out of nowhere and the entire system had to be restored?

People still call btc a scam these days so theres nothing new there. and everyone knows the volatility of the btc price. the people hating on btc are usually the ones that want the price to drop.

[hasiramasenju]

i had just know in those year bitcoin was called was a scam because i wasn't part of bitcoin on those year and i' pretty sure for those who call bitcoin scam will be regret what was already they says because currently bitcoin has change became the most popular cryptocurrency in the world

[dothebeats]

Who would forget bitcoin in its earlier times (2012-2013)? It was worth pennies for over a year or so. Many people believed it was only for geeks and enthusiasts. Then comes 2012 which became fruitful for miners and traders alike. Fast forward 2013, a roller coaster ride began. October 2013, people saw a massive increase in price compared to its prior year. Nov 2013, Willybot goes batshit crazy, rigging up prices up to $1200. Then comes stagnation, year 2014. Nothing exciting happened, but still more and more people believed in its potential of replacing existing payment schemes. Up until now, a few fudsters believe that this is only a large-scale ponzi scam. Who knows? If it's a ponzi, then why are major businesses accepting it on their own systems?

[Wendigo]

When Bitcoin was called a scam, a ponzi-scheme, a joke? Does anyone remember back in 2013: The greater fools that ended up paying $1200/BTC? Or the time several million BTC just appeared out of nowhere and the entire system had to be restored?

Mate a lot of Bitcoin millionaires were made during that $1250 price spike I remember that period like it was yesterday because I wasn't brave enough to hold it until the bubble burst and sold prematurely. Do you really think people bought coins at $1250 because I think everyone and their dogs were selling like crazy and were making that mad cash overnight lol. Anyways Bitcoin has been called many names but at the end of the day all that matters is how much we can trade it in for cash right? I believe there will be people left holding the bag again after the halving pump starts who won't sell their stash on time and will miss big profit margins. The shit show is about to begin soon buckle up guys  

[MyownBoss]

My point is only that Bitcoin maximalist like to exclude all the mistakes from the past and emphasize the success's, while turning around and discouraging altcoin growth. I love BTC, but i truly wish people would stfu about the altcoin scene, BTC can't do everything, it's not perfect, so if ethereum, or lisk, or waves, or maid wanna come in and pick up some slack, it's fine by me, it'll just bring more coverage to the "crypto-sphere". thanks for all the responses!

Oh btw i believe this was the issue i was referring to as needing a system restore.(sorry memory was a really fuzzy) double spending a ton of BTC "The fork of March 2013

On 12 March 2013, a bitcoin miner running version 0.8.0 of the bitcoin software created a large block that was considered invalid in version 0.7 (due to an undiscovered inconsistency between the two versions). This created a split or "fork" in the block chain since computers with the recent version of the software accepted the invalid block and continued to build on the diverging chain, whereas older versions of the software rejected it and continued extending the block chain without the offending block. This split resulted in two separate transaction logs being formed without clear consensus, which allowed for the same funds to be spent differently on each chain. In response, the Mt. Gox exchange temporarily halted bitcoin deposits.[99] The exchange rate fell 23% to $37 on the Mt. Gox exchange but rose most of the way back to its prior level of $48.[30][31]

Miners resolved the split by downgrading to version 0.7, putting them back on track with the canonical blockchain. User funds largely remained unaffected and were available when network consensus was restored.[100] The network reached consensus and continued to operate as normal a few hours after the split.[101]"

[MyownBoss]

Just saying *Altcoin X,Y,Z* could surprise you as well,lol you think 2013 would have taught this community not to underestimate ANYTHING.

[Cuidler]

I was not involved in Bitcoin when the price quickly increased 5x from $250 to $1250, but it was clear bubble and you could mine Bitcoin paying only small fraction of the $1250 instead.

So if history repeat again and the Bitcoin price skyrockets so much even home miner with not cheap electricity can mine the Bitcoin with only fraction of Bitcoin market price instead, then its definitively time to mine and sell as much as you can.

But I dont expect this to happen, I believe the comming halving is already priced in current Bitcoin price.

[MyownBoss]

I was not involved in Bitcoin when the price quickly increased 5x from $250 to $1250, but it was clear bubble and you could mine Bitcoin paying only small fraction of the $1250 instead.

So if history repeat again and the Bitcoin price skyrockets so much even home miner with not cheap electricity can mine the Bitcoin with only fraction of Bitcoin market price instead, then its definitively time to mine and sell as much as you can.

But I dont expect this to happen, I believe the comming halving is already priced in in current Bitcoin price.

That wasn't the biggest BTC bubble, just the most popular one with WOW numbers. As my post above says earlier that year it was trading in the double digits. Also the "Priced-in" scenario has pretty much been broken already, Hype has taken over and hording is happening again. I urge you to reconsider. Im fairly certain we are about to witness a "Self-fulfilling Prophecy" regardless of common sense.