Anyone here got into crypto before 2017? How was it before the hype?

[hadveach]

but in the end, some HYIP only give false and unclear benefits, like some previous projects.

before 2017, HYIP was the choice of every investor, and the SEC did not have an active role. so, many HYIP victims.

yes, the market is easily manipulated, like MTGOX. and finally destroyed.
I see that today every ICO has a problem, so some ICO are only SWAP and fake. so that some investors choose to leave the ICO.

[happyme1818]

Before 2017 altcoin prediction is very easy and it is easy to earn in trading, but today there are new players and all of them are busy getting profit and don't even care whether the market will collapse or not.

[KonstantinosM]

I was into Bitcoin back in 2012.

It was exciting there was this feeling that we were changing the world.

The market pumped and dumped back then too but people didn't seem to be interested solely in the price, yet a lot were interested in mining.

Miners got a lot of love back then and people were still very excited about mining money out of their PCs, it was a magic thing.

Gambling was as easy as anything for people even in the United States. The main site was satoshi dice if I remember right. There were a lot of other sites. One allowed you to bet on the outcome of real world events and if you were right you'd collect.


When I first got in bitcoin crashed from $13 to $8 dollars, and I remember telling everyone I knew how they should buy bitcoin.

By the way, not one person listened to me.



Trading was a lot easier and more prevalent, most people weren't yet concerned about taxation, perhaps that's because the size of the money was less, or perhaps that's because the Bitcoin community back then was even more libertarian than it is today. (That is to say that libertarians jumped into Bitcoin first. It was always a mix of computer people and libertarians and others).

For reference, you could mine some milibits with a laptop when I first got in but not much. It wasn't the super early days where you could really mine significant amounts without a GPU farm or  high end GPUs.

[r32godzilla]

I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?

I could remember those days when I bought bitcoin for just 650 dollars.At that time,chinese had dominance over bitcoin market since they had the lion's share in bitcoin due to majority of bitcoin mining firms located there.The Chinese became the sole authority to decide bitcoin price.We used to keenly watch the changes in China related to bitcoin market before buying and selling bitcoins.Bitcoin was mostly used for quick and cheaper transaction at that time.Most of the world population was unaware of bitcoin at that time.If I'm not wrong,there were no such ICOs at that time.Ethereum was also famous next to bitcoin.Zcash and Monero were much expected at that time because of their anonymous transactions but they failed to survive.Suddenly during 2017 beginning,bitcoin price suddenly rose to 1,000 dollars and bitcoin started to gain attention all over the world.From that time,people started to recognise bitcoin as a high ROI giving asset.

[NeuroticFish]

I came in 2014. Basically "just" after Mt Gox.

Manipulation was always there, but the amount of spam was much bearable.
The people had periods when they were unhappy about the price, but the most vocals were the miners. I remember very good the days from the summer of 2015, the price was slowly dropping (went back from gox 1k+ to under 200$) and the miners started stopping their gears.

I start to believe that the amount of "Bitcoin is falling to 0" spam (which is inevitable when the price drops) is proportional with the ATH and the % dropped from the ATH

Pump and dump was very common on altcoin market. Bitcoin market looked more stable (although Gox was clearly a pump and dump after all).

ICOs/IPOs were on small numbers. Back then there were no platforms to create tokens as easy as today. And building your own coin (usually PoS) meant more work and the need for more skills. Of course the image was much better at start and degraded over time, but scams were there back then too - from fake coins and fake ICOs to exchange "hacks". But it's a big difference if you lose 1000$ and when you lose 100000$ and the recent "boom" of Bitcoin (and all crypto market) has "caused" this. Back when Bitcoin has dropped to 200$ I knew it has to grow, but I never expected that in such a short time will grow 100x. Not Bitcoin.

And we are back to a relationship between scams (and spam) and the ATH

[gentlemand]

You don't need to ask people here. Just read the forum's past posts. It's all there to be soaked up.

The 2013 peak felt very similar to 2017 in terms of the mania, but much of the mania has transferred to alts. In 2013 there were only 50 or coins versus nearly 2000 and no such thing as an ICO.

Human nature drives markets and that never changes. Perhaps the figures get bigger, but the behaviour stays the same - FOMO, bubbles, pump and dumps, scams. It's never changing.

[sari_]

if I enter the world of cryiptocurrency in 2017 bro. but a lot of my friends have entered the world of cryiptocurrency before 2017. and their lives if I pay attention too Heppy bro .

[Ezenwanyi1]

I got into crypto late 2017, I had friends who joined as early as 2014. They are the whales we have now.
How I wished I had  joined earlier.

[HistoryVampire]

There was always the pumps and dumps in the cryptocurrency market. But the hype and popularity was lower in the early days. The hype cryptocurrency is increasing day by day. I think ICOs were more consistent and the rate of scams were less.

[ysnbakara]

Personally, I found the opportunity to meet the crypto world in 2018. However, in 2017, good and bad people in this sector have achieved very good earnings. I am a friend of mine who takes advantage of these good benefits that I refer to. I hope to see a 2018 like 2017

[Phlaser]

I entered the market in mid 2016 and bought my bitcoin for 570$. I never realised that it will grow this much the next year and after few months sold most of it to cover my trip expenses.

Guess we share same experiences. I had 1 Bitcoin as at August 2016 and I sold it all off by November through January, only for bitcoin to appreciate in value to 3000$, I almost beat up myself for not been patient enough.

[jonathan6655321]

I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.

I was into the market in the year 2015 and the price I got into was around 600USD/BTC. I would say the number of new users who are entering the market  obviously increased but then the popularity of different coins was much lower. Bitcoin and crypto still have a cultish following and thus its difficult to make a person understand that these are legitimate technologies that can overthrow the banking system.

Was the market easy to manipulate?

It was the same in my opinion.

pump and dumps were more common?

Small pumps and dumps are always happening if you close watch the minute-to-minute price changes. Bigger pumps were not common.

Were people more into ICO's? the ICO image was better than it is today?

I was not into ICOs at that time and neither am I today. I prefer to keep bitcoin as my bigger stash and have some altcoins worthy enough as well. If I feel any ICO coin is worth getting into I would buy them when the hit the exchange.

Thank you for this great answer.
Seems like you have some experience that's for sure.
What do you think about the latest market dump?
does it seems to you like manipulation?
and how do you think the market will react in the close/long term.

I've been HODLING in the last few months and lost a lot of money. I'm HODL till the end, But I would really love to hear from someone more experienced than I do what's their opinion is.

[jonathan6655321]

I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?

When that was the time that I was so intensely hype and would join the bull run. But I was too late when I got the money then bought Bitcoin and it was already going down.

I feel you bro. Same story here:)

[jonathan6655321]

I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?

Dont worry dude, there will be exact thread here in few years,like hey did anyone here got into crypto before 2019? And than again, hey did anyone here got into crypto before 2022? We are still in the early days believe it or not. BTC/USD will pass 100k in a couple of years,its just a basic math.

You seem like 100x times more experienced than I do in the crypto world. Can you explain me about this simple math thing? It will be great to have a reason for the crazy HODL I'm doing even when losing money

[Red-Apple]

ICO didn't even exist a couple of years ago. people were using other methods to scam the gullible newbies  back then. methods such as premining their altcoins 100% and then releasing a small amount of it so that they could dump all of their coins on the market and become millionaires.

[SaeedKhan996]

I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.
Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?

Not me... But i guess smart people at that time Enjoyed alot

[jonathan6655321]

I've been using Bitcoin regularly since 2012 and certain aspects of the community back then were a lot more fun.
Here on the forum, there was less spam and people were coming up with all these cool projects etc.
Felt more like a tight knit community back then.

I mean you still have that a little bit now, but to a lesser extent.

The whole ICO craze was also pretty much unheard of back then, so a lot less scamming going on in that area.
Not that there wasn't any scamming though, the amount of money lost through this forum is pretty staggering.

Just go and check out some of the older loan threads, some pretty funny and sad stories to be found.

Anyone remember Dank Bank for example?  

Side-note: I know you want to hear about the market back then, but you can just go look at chart for that. I think there's already enough focus on that aspect of Bitcoin, just felt like talking about some other stuff.

Great comment.

You saw probably some hard times for bitcoin since you got in. Did you HODL all this time?
And what do you think about the market crash in the last few months?

[pat4cryptoreal]

I started investing in cryptocurrency from 2016, then I was not good in trading and everything about cryptocurrency like now. But from my little knowledge coinmarketcap has always being like this. The market is always affected news and speculation.

[bitcoindigger71]

There was a hype but not on a scale as it is today. It was mainly popular with the people who were tech savvy or among those who had a sound knowledge of coding. But now, almost everyone wants to be a part of it.

[peter0425]

I spoke with few friends recently about the hype that the crypto market received at the end of 2017.
I wonder how was it before 2017.

Joined crypto last quarter of 2016 price of bitcoin was around $700 that time. Not much hype though, some news that will push the price and then some healthy corrections. It also hit all-time-high above $800 in 2016.

Was the market easy to manipulate?
pump and dumps were more common?
Were people more into ICO's? the ICO image was better than it is today?

There are manipulations already but just minor thingy here and there. Pump-and-dumps are bearable, unlike today that its very obvious. Not much ICO's that time though, as far as I can remember only quite a few in 2016.


https://www.icodata.io/stats/2016