This day a year ago

[dex1]

It is interesting to read through this thread which was started exactly one year ago when
bitcoin price in fiat started reaching a spectacular peak of $266.
Just to give you some insight I let myself quote some posts

To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).

if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159

you just need to look at the naivete of the posts on this board to know this is a sucker rally.

"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."


good luck to all the future bitcoin millionaires :-)

Yeah, I also sold all bitcoins today (all 1318) and set buy order at $27. See you soon, suckers 

I sold all my Bitcoin at $120 and set a buy order at $0.03

See you in a year, suckers

So after a year has passed here we are despite all bad media coverage, governments/banks stuffling any bitcoin
related businesses, asic manufacturers taking preorders and not delivering on time if at all, couple of exchanges
disappearing with our bitcoins in thin air, and all those preachers telling us that bitcoin is a bubble/scam:
1 BTC sells for aroun 450 USD.

Bitcoin is never going to perish due to incredible community it has got.
So long live bitcoin !

[Massimo80]

Yes, Bitcoin didn't disappear and is probably not going to anytime soon; but that sudden rush of April 2013 actually was a bubble, and quite a short-lived one, too.

[elavenil]

After all these price fall still bitcoin investment generated more profit than any investment.

[bitsmichel]

I sold all my Bitcoin at $120 and set a buy order at $0.03

See you in a year, suckers Wink

 

[allthingsluxury]

Thanks for sharing, it's important to look back from time to time, to put things in perspective.

[Stuartuk]

I remember when the market cap went above 1Billion. Lots of people said serious investors will start taking notice now as 1Bill cap is significant. What is it today? 5.6Billion. If you has told people we would be at $450 a year ago lots of people would have said you are dreaming. So BTC is still very strong.

[Beliathon]

Yes, Bitcoin didn't disappear and is probably not going to anytime soon; but that sudden rush of April 2013 actually was a bubble, and quite a short-lived one, too.

Was it ?

Have a look at the full 3 year logarithmic scale of Bitcoin's rise. The "bubble" you are speaking about can be seen in context at the top left of step 4 below:

[ChuckBuck]

Did that guy really sell 1318 Bitcoins at once!   

Man, I wish had 1318 Bitcoins...

[Swordsoffreedom]

Thanks for the reminder its nice to look back in time and see that our speculation threads are consistently the same XD

[Massimo80]

Yes, Bitcoin didn't disappear and is probably not going to anytime soon; but that sudden rush of April 2013 actually was a bubble, and quite a short-lived one, too.

Was it ?

Have a look at the full 3 year logarithmic scale of Bitcoin's rise. The "bubble" you are speaking about can be seen in context at the top left of step 4 below:

I know perfectly well the long-term trend is upwards

But I was talking about how stupid was to buy at that moment. The price was rising so fast it had to be a bubble, and in fact it crashed soon afterwards. Then was the right moment to buy, assuming (correctly) a long-term upward trend.

[bitpop]

Damn time moves fast. Less than a year ago I was flashing jalapenos.

[dex1]

Damn time moves fast. Less than a year ago I was flashing jalapenos.

So you can call yourself lucky as I was still hashing away with Cairnsmore1 fpga at that time 

[bitpop]

Damn time moves fast. Less than a year ago I was flashing jalapenos.

So you can call yourself lucky as I was still hashing away with Cairnsmore1 fpga at that time 

Haha I had black arrow fpgas right before

[Bit_Happy]

Yes, Bitcoin didn't disappear and is probably not going to anytime soon; but that sudden rush of April 2013 actually was a bubble, and quite a short-lived one, too.

Was it ?

Have a look at the full 3 year logarithmic scale of Bitcoin's rise. The "bubble" you are speaking about can be seen in context at the top left of step 4 below:

Will step #5 make it over $3000?
Let's get started soon.

[ashapasa]

wow, i wish I knew about bitcoin backthen 

[Bit_Happy]

wow, i wish I knew about bitcoin backthen 

It was truly frightening.
Going up almost every day....up, up, up, UP....almost never a great chance to buy lower. 

[kodtycoon]

Yes, Bitcoin didn't disappear and is probably not going to anytime soon; but that sudden rush of April 2013 actually was a bubble, and quite a short-lived one, too.

Was it ?

Have a look at the full 3 year logarithmic scale of Bitcoin's rise. The "bubble" you are speaking about can be seen in context at the top left of step 4 below:

Will step #5 make it over $3000?
Let's get started soon.

any time i ever have doubt about bitcoin i just look at that graph and it ALWAYS reminds me that any current down trend is only temporary.. i bought my first bits of a btc when it was like 900 and more at 7 6 5 an some more at 4.5... for ages i thought i had made a bad move.. and still do sometimes but i always remind myself of that graph and think that any purchase iv made was in fact a good move regardless of price because in a years time.. 900 will be cheap! i still havnt sold a single coin! bar 30 euro worth a week ago as i was stuck lol think i have in the region of 6-8 btc now.. lost allot in terms of fiat but i knows its going back up again so i dont mind!

[Taras]

It seems bitcoin has always stabilized at "convinient" prices. $2, 2 btc for the dolla. $100, just move the decimal. $500, divide by 1k and then by 2.

[HCLivess]

Thank you very much, good sir. This is an incredible read.

[Dalmar]

The weekly EMA never came close to crossing throughout 2013, but they are now. This is an extremely bearish technical.