Do you remember how you feel about during 2008?

[saffira]

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.

[UmerIdrees]

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.

[indrakusumaindra]

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.

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.

[Indamuck]

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.

[fakegurutu]

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.

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.

[Jesabela04]

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.

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.

[Capt00]

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.

[Chikitita2004]

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.

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.

[hxtop]

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.

[Broly46]

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.

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!

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.

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.

[exstasie]

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.

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?

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.

[darewaller]

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.

[cryptjh]

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.

[Helpme_please]

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.

[PlusOne88]

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.

[Kemarit]

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)

~ snip ~

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.

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.

[fauzan Ichsan]

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.

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

[nebuch]

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.

[sidkz]

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.

[Robotbitcoin22]

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.

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