You the local Bitcoin joke in town?

[gentlemand]

A lot of my friends bought bitcoins at the all time high, believing that the price would skyrocket to $20 000 or even $50 000 per coin. As you know this did not happen and the price dropped with more than 80%.

Oof.

I wouldn't have allowed that to happen.

I knew the bubble was done when someone who'd been aware of crypto for years called up and said he was going to buy $3 XRP. He got slapped upside the head.

Everyone I told about it got some from me for free. That helps.

[blckhawk]

Too bad for you. I understand that the bull run brings FOMO to you, but riding on a market that's been riding for quite a time is generally a bad idea. Though this year might get you off. If you have some of that left, you might even exit the market for a return or even gains. But that's 2 years ago, not sure if you still have those.

[MURONDI]

some people are not ready for risk, so I have never told anyone to invest in bitcoin, because I know very well the risk of investing in bitcoin, I only exchange opinions with people who already understand about bitcoin, so no one can blame each other if the price does not match expectations.

[CryptoBry]

I was one of them and I told that to everyone that took the time to listen and some of them did. A lot of my friends bought bitcoins at the all time high, believing that the price would skyrocket to $20 000 or even $50 000 per coin. As you know this did not happen and the price dropped with more than 80%. Since then a lot of us Bitcoiners became the laughingstock and the butt of the joke for the people who were too scared to take the risk. I hope we can prove them wrong and that we can turn this around in 2020 and have the last laugh, but I hope this is not too late for the majority of my friends who are holding on with the tip of their fingers.  

This can happen when we became so overeager or very excited about something, and we use our word-of-moth power to promote something even if we are not paid doing so or nobody told us to do it. Nevertheless, we owe a lot to people like you who in one way or another made Bitcoin as popular as it is today. What happened after the ATH in 2017 was something that many wide-eyed and zealous Bitcoiners never predicted to come and now we already learned our big lessons. Neophytes as we were then, we jumped into something with both feet and many even burned bridges believing that Bitcoin can be their financial savior. However, right now, I would say that there is a mild Bitcoin renaissance and if you were lucky enough to had entered Bitcoin when the price was still below $2000 then its current price of $7500 is not bad at all, compared to other investment vehicles available in the market. We are then hoping that come December 2020 we can say that this is a very good year for Bitcoin indeed!

[bounceback]

Since then a lot of us Bitcoiners became the laughing stock and the butt of the joke for the people who were too scared to take the

risk.

I hope we can prove them wrong and that we can turn this around in 2020 and have the last laugh, but I hope this is not too late for

the majority of my friends who are holding on with the tip of their fingers. 

in 2020, of course we can only hope because besides that we certainly cannot do anything because bitcoin cannot be controlled by anyone, hopefully bitcoin prices can rise back to high levels to prove that bitcoin is not a joke that should be laughed at by them so some of them realize that bitcoin is good for adoption not for making jokes.

[Sadlife]

People who doesn't have knowledge on how currencies work or in any trading markets will laugh at it, thinking as its some kind of ponzi scheme because they needed to invest in it like other pyramiding but both have huge differences, ponzi scheme's need investors for other investors to payout in proportions and you can't withdraw your money unless you complete the minimum amount, while bitcoin on the other hand can be used as payment for services and commodities and even invest in it, for it is an asset used in crypto market.

[samuraijin]

this is similar to my place where many people say bad about bitcoin, but I understand because they might not understand and don't know much about crypto so they buy bitcoin without my knowledge and suffer a big loss, maybe if they are not hypocritical and ask me of course I will direct when to buy and sell it, unfortunately they see the news and finally buy it bitcoin at the end of 2017 and they hold it and sell it at the end of 2018, but in 2020 I will show those who laugh at will see how bitcoin and crypto develops at certain times

[KnightElite]

Too bad for you. I understand that the bull run brings FOMO to you, but riding on a market that's been riding for quite a time is generally a bad idea. Though this year might get you off. If you have some of that left, you might even exit the market for a return or even gains. But that's 2 years ago, not sure if you still have those.

People got hyped when the price of the bitcoin became expensive, now they are experiencing losses because they still hold their positions. The bitcoin have bad image in my community because people do not really understand what it is. Their money is now gone because they invested without prior knowledge and it is their fault why they have huge losses.

[Wind_FURY]

OP, I noticed that you always construct your posts in broken paragraphs. Is there something wrong with your keyboard, or monitor/screen?

About Bitcoin, the bear market will never go on forever.

[cutesgirl]

We can't fault with many investor keep complain with bitcoin have lower price today because they are investing in bitcoin when price above $16k, how ever they look frustrated with bitcoin price why can dump drastically although have higher price, more than two year waiting for bitcoin back to higher price but looks no enough and have added maybe two year later for getting back their money in bitcoin investment.

[Icygreen]

Unfortunately my excitement over Bitcoin in late 2017 encouraged several of my friends to "invest" which led some to lose most of it to trading gambling, one lost all their holdings in the Quadrigacx exit scam, another bought at 17.5K and still holds but does not talk about it or believe much about it anymore.   I do know what its like to be the outlier, the one nobody believes in. I'm close to a group of 12 investors of which I am the only one to take the proverbial red BTC pill. Although I'm respected, my credibility is thin when it comes to discussion of finance.
I've learned the hard way to keep my mouth shut when it comes to talking about Bitcoin in person. Now, unless someone really and authentically wants to learn and keeps bringing it up, I'll change the topic.  

Bitcoin is a personal journey into finance, savings, sovereign monetary policy, greed, discovery, euphoria, denial, loss, personal responsibility, solutions and much more.  I'm not yet prepared to deliver Bitcoin effectively in conversation with today's general level of education and attention span, especially when all they usually want to know is "How do I buy it?"

[maxreish]

I have been criticized from being a bitcoin lover since 2018. Mind you, they laughed at me telling over and over again about the pessimistic side of bitcoin as investments. They have said I never proved anything with this. But the moment I have obviously presented my profits, my fruit of labor, that was the time that they took btc seriously.

Since 2017 was a boom year and fortunately I knew btc 2018 but I still manage to fulfill my dreams, use it and reshare my knowledge to my family and friends. Now, we are patronizing cryptocurrecies, trading and take it as a job now.

[Eclipse26]

Why should we care if people would be laughing at us? It's still a win for us if Bitcoin rise. This who laughed at us are the one who doesn't know and wouldn't want to learn about Bitcoin. They're the one who will envy us if Bitcoin will do good within this year. I don't care if people is laughing at us, as long as me and my friends know what we can achieve in the future.

[bitcoindusts]

Now, this might sound strange, but a few years ago Bitcoin was doing very well and people sat up straight and Bitcoin grabbed their

attention. (Around 2017 when the Bitcoin price reached it's all time high of around $18 000 per bitcoin.)  Many people started to take

Bitcoin seriously and they thought it would go mainstream soon.


I was one of them and I told that to everyone that took the time to listen and some of them did. A lot of my friends bought bitcoins at

the all time high, believing that the price would skyrocket to $20 000 or even $50 000 per coin. As you know this did not happen and the

price dropped with more than 80%.

Since then a lot of us Bitcoiners became the laughing stock and the butt of the joke for the people who were too scared to take the

risk.

I hope we can prove them wrong and that we can turn this around in 2020 and have the last laugh, but I hope this is not too late for

the majority of my friends who are holding on with the tip of their fingers. 

As much as we wanted to prove them wrong, only time can do it.  We cannot force anything to happen especially Bitcoin price movement unless we have the huge fund and big stash of Bitcoin.  If they (your friend) still believe with what you said, it will never be too late but once they had give up   no matter how high Bitcoin goes up on the future, it can do nothing to prove to them that they are wrong since they already suffered losses the moment they sold their Bitcoin holdings.

[Amel]

this is similar to my place where many people say bad about bitcoin, but I understand because they might not understand and don't know much about crypto so they buy bitcoin without my knowledge and suffer a big loss, maybe if they are not hypocritical and ask me of course I will direct when to buy and sell it, unfortunately they see the news and finally buy it bitcoin at the end of 2017 and they hold it and sell it at the end of 2018, but in 2020 I will show those who laugh at will see how bitcoin and crypto develops at certain times

Indirectly, they buy bitcoin only because the orientation on money is not knowledge. They were carried away by the FOMO at the time, they assumed a currency would not go down, in fact all currencies were volatile, yeah really a victim of FOMO and carelessness.

See, maybe now they are making fun of bitcoin again, then when bitcoin rises again, they will regret and buy again. And that is the second mistake that recurs, buying when prices are high haha.

[bitvalak]

I experienced the same thing as you even though maybe my neighborhood is not as big as other cities.
They think I'm a joke because they want to invest in bitcoin in 2016, then at the end of 2017 the bitcoin trend here has started to be talked about.
Many people are starting to find out what bitcoin is like and how to get it instantly. And now they are a joke to me because they still hope there is a way to get bitcoin instantly without needing to do anything.

[yazher]

Bitcoin investment is all about waiting at the right time. For now, as they all see, the price hasn't been break its record after that bull run last 2017. More than 3 years have been passed, we still couldn't reach at least $15,000. That's why we cannot blame those people who are not confident enough to wait for another year when the Bitcoin Halving is done. Because of most of the time, only after the halvings when the price started to increase as much as $300% in a span of a month.

[Asmonist]

Those people are not bitcoin loyalist. They are just taking advantage on the best time and once failed they seem not benefited on those best times. I'm not saying that we should be loyal to bitcoin but at least not to discriminate it during crisis time. If we cannot encourage, then its better to be silent about it.

[aoluain]

its interesting to hear so many people have been ridiculed and laughed at
about Bitcoin. I have had similar experiences over the last few years, I dont
talk as openly as before about Bitcoin unless someone expresses interest.

There are a lot of people still willing to follow conventional banking systems
and while not happy with banks cannot see Bitcoin as a potential alternative.

Time will prove a lot of what we have been telling them.

[Dart18]

You will prove them wrong. I do vouch for that.
I am with you here since I know there are real supporters who bought at that ATH price.
It may sound unreal because of the expensive price but they really did thinking there is going to be a blast of value afterwards.
It did not happen.
They mourn for that.
But, is it over? It is not. Bitcoin is still young and there are a lot of things that might happen.
All we could do is wait.