Remembering rallies

[wobber]

During those times it was so much fun. I remember the forum frenzy and the thrills everybody got when price was going up insanely. Was pretty counterproductive as I was staring too long at the price and working at least 20% less. But nevertheless, IT WAS FUN. Oh, the good old times.

What kind of memories do you have with the rallies?

[zoinky]

Waking up and checking the price right away during last November was a little surreal each day, had to fall out of bed to make sure I wasn't dreaming.

[BitCoinNutJob]

Both the run to $266 and china bubble were pretty stressful for me, the $266 run i was new to bitcoin and in @ $80.  The china bubble came unexpected wasn't all in on BTC.  Now i mostly buy and hold.

[allintwo]

I wish I was here, but maybe I will take part of the next rally if it will ever come of course.

[thehappybtc]

I remember the 2013 China rally, it was awesome for the people who believed in bitcoins, unluckily I wasn't because I sold all my coins way before it went exponential.

[cypherdoc]

I remember the 2013 China rally, it was awesome for the people who believed in bitcoins, unluckily I wasn't because I sold all my coins way before it went exponential.

this is the problem with those who complain about the deflationary aspects of Bitcoin.  they assume every single soul will hold Bitcoin to the bitter end a hundred years from now.  they fail to understand that the market is made up of different ppl with different assumptions and views on Bitcoin's potential.  almost everyone will sell at different points on the way up encouraging turnover.  only a few of us will make it to the top all the while the bull is trying to buck us off.

[zadiume]

Unfortunately im not that old here to remember big ass rallies, I do remember 700 to 1K

[Chuckee]

All we can do is remember because it will not happen again. Bitcoin speculation hit a frenzy last fall because of China and merchant adoption, but there is no longer any fuel left in the tanks.

[inca]

All we can do is remember because it will not happen again. Bitcoin speculation hit a frenzy last fall because of China and merchant adoption, but there is no longer any fuel left in the tanks.

Try harder you cretin.

[Gronthaing]

All we can do is remember because it will not happen again. Bitcoin speculation hit a frenzy last fall because of China and merchant adoption, but there is no longer any fuel left in the tanks.

Try harder you cretin.

I guess he wants to buy in at a lower price.

I haven't been around long enough to have gone through any rally. I hope I'll have that chance during September/October/November.

[exocytosis]

Bitcoin speculation hit a frenzy last fall because of China and merchant adoption

It was mostly because of Willybot, actually. The other rallies were also caused by Mt.Gox manipulation shenanigans.

With Gox gone, there won't be any more rallies. That's the sad fact that bulltards and cultists will have to come to terms with eventually.

[Chuckee]

Bitcoin speculation hit a frenzy last fall because of China and merchant adoption

It was mostly because of Willybot, actually. The other rallies were also caused by Mt.Gox manipulation shenanigans.

With Gox gone, there won't be any more rallies. That's the sad fact that bulltards and cultists will have to come to terms with eventually.

I'm still on the fence regarding how much effect Willy Bot had on the rally. I think we had a confluence of several issues: China, the US congressional hearings, merchant adoption beginning, and of course MtGox manipulation.

But I'm rolling on the floor laughing at the twits here who accuse me of spreading FUD to "buy in lower". Bitcoin is finished you morons, it's a multi-year bear market from this point on until bitcoin reaches total obscurity once again.

[NapoleonBonaparte]

I remember the 2013 China rally, it was awesome for the people who believed in bitcoins, unluckily I wasn't because I sold all my coins way before it went exponential.

this is the problem with those who complain about the deflationary aspects of Bitcoin.  they assume every single soul will hold Bitcoin to the bitter end a hundred years from now.  they fail to understand that the market is made up of different ppl with different assumptions and views on Bitcoin's potential.  almost everyone will sell at different points on the way up encouraging turnover.  only a few of us will make it to the top all the while the bull is trying to buck us off.

Hard to imagine anyone able to hold onto their coin when the price went up to 1200.

If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.

[kevin08]

I remember the 2013 China rally, it was awesome for the people who believed in bitcoins, unluckily I wasn't because I sold all my coins way before it went exponential.

I remember that rally too, unluckily I never owned any bitcoins until long afterwards.

[yayayo]

Although I don't own much, it was thrilling to watch. Especially the speed of price increases... a total frenzy! When Bitcoin surpassed the previous high at ~$250 I already thought that's crazy.

We all know what followed...

I'm sure, we'll see more buying frenzy in the future. I'll be here to enjoy large parts of this community turning into maniacs again.

ya.ya.yo!

[Melbustus]

I remember the 2013 China rally, it was awesome for the people who believed in bitcoins, unluckily I wasn't because I sold all my coins way before it went exponential.

this is the problem with those who complain about the deflationary aspects of Bitcoin.  they assume every single soul will hold Bitcoin to the bitter end a hundred years from now.  they fail to understand that the market is made up of different ppl with different assumptions and views on Bitcoin's potential.  almost everyone will sell at different points on the way up encouraging turnover.  only a few of us will make it to the top all the while the bull is trying to buck us off.

Hard to imagine anyone able to hold onto their coin when the price went up to 1200.

If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.

I don't see why it's hard to imagine. An ability to hold simply stems from a tolerance for risk, plus the realization that the ultimate probability-weighted-avg expected market-cap of bitcoin is significantly higher than the market-cap was at $1200/BTC.

[An amorous cow-herder]

During the the April 13 bubble i was like "Bloody fuck BFL, finally deliver!".
During the November bubble i was like "WTF, i´m actually getting a positive ROI after all?".

[Brewins]

None in fact.

Only started to look at the speculation section with some frequence after the last big rally, when price was going down and down.

Hope I get another rally.

Will be really fun see veryone happy, and fallling without words.

[pikabit]

Its ok to remember rallies, to try to predict future ones and shut up the FUDsters 

[oceans]

I remember it was amazing to see the price and sometimes couldn't even believe it. Don't think it will be something we will see again for a long time yet though if at all which is a shame.

[isov]

Bought my first coin at ~200$ early November -13 and boy was it crazy when right away the price started to go through the roof  Then kept buying up to the top and at the moment it's pretty much +-0 for my buy in price. But the feeling of a rally was glorious, miss that. Hope the day is still waiting when we get to feel it again! 

[lunarboy]

About time we had another one 

[cypherdoc]

About time we had another one 

it's coming.  just wait.

[kashish948]

i was in on the china rally! lol every morning the price was up by like 20$-50$! 

hope for another such rally!

[spiderbrain]

I was feeling like this
https://www.youtube.com/watch?v=NnP5iDKwuwk

After not selling at 266 in April, I made a plan to sell a certain amount at 200,500,1000 etc and I was trying to stick to it. Should have panic sold at 1000 =D.

Next time I'm all out by 10k.

[counter]

I remember thinking why didn't I buy years ago when I had more money and the price was lower.  I was happy to see the project become so successful that was mind blowing to all of us I'm sure. Hey I made some profit during the rally so it is what it is.  Those were some amazing and unique times.

[cypherdoc]

I remember thinking why didn't I buy years ago when I had more money and the price was lower.  I was happy to see the project become so successful that was mind blowing to all of us I'm sure. Hey I made some profit during the rally so it is what it is.  Those were some amazing and unique times.

it takes a brave soul to buy when others are selling and the trolls are out in full force.  confirmation bias is oftentimes not a good thing.

[nuff]

Another rally is a certainty. Everything works in cycles. Everything is vibrations. You have ups and downs and round and round.

[ErisDiscordia]

during November I went out for drinks for a couple of hours, came home drunk to see a 25% price crash but the price was still higher than when I went out  fun times!

[Dalmar]

I bought my first bitcoins near $30 in February 2013, at the time I thought I was buying at the top like a sucker and was worried a 2011-like crash would repeat itself. Boy was I wrong, never imagined it would go all the way over $250 let alone $1000.

[cbeast]

I remember thinking why didn't I buy years ago when I had more money and the price was lower.  I was happy to see the project become so successful that was mind blowing to all of us I'm sure. Hey I made some profit during the rally so it is what it is.  Those were some amazing and unique times.

it takes a brave soul to buy when others are selling and the trolls are out in full force.  confirmation bias is oftentimes not a good thing.

Without new information, the confirmation bias is on the sell side. Bitcoin is climbing because greed.

[Hunyadi]

Another rally is a certainty. Everything works in cycles. Everything is vibrations. You have ups and downs and round and round.

Very true.

[Ultros]

Heard of BTC in 2011. Thought about buying in April 2013 but I wanted to mine them so I bought some BFL-miners... got delivered after November's rally (never got ROI). Bought my first bitcoin at around 750 so I can't really say I experienced any rally worth remembering. I hope one day I'll be able to play the nostalgia-card like you guys.

[JimboToronto]

During the the April 13 bubble i was like "Bloody fuck BFL, finally deliver!".
During the November bubble i was like "WTF, i´m actually getting a positive ROI after all?".

This.

[MoreFun]

During the the April 13 bubble i was like "Bloody fuck BFL, finally deliver!".
During the November bubble i was like "WTF, i´m actually getting a positive ROI after all?".

This.

BTC or USD positive ROI? Quite big difference if you ask me...

[picolo]

Bought my first coin at ~200$ early November -13 and boy was it crazy when right away the price started to go through the roof  Then kept buying up to the top and at the moment it's pretty much +-0 for my buy in price. But the feeling of a rally was glorious, miss that. Hope the day is still waiting when we get to feel it again! 

It will hopefully happen again : the FED, the BCE and BOJ are creating more and more currency

[ensurance982]

During those times it was so much fun. I remember the forum frenzy and the thrills everybody got when price was going up insanely. Was pretty counterproductive as I was staring too long at the price and working at least 20% less. But nevertheless, IT WAS FUN. Oh, the good old times.

What kind of memories do you have with the rallies?

What I miss most about the rallies is the pictures of trains, hungover bears, and leonard di caprio toasting in front of a firework! That's just the kind of thing you need when the price is skyrocketing. The cherry at the top of the sundae, so to say

[JimboToronto]

During the the April 13 bubble i was like "Bloody fuck BFL, finally deliver!".
During the November bubble i was like "WTF, i´m actually getting a positive ROI after all?".

This.

BTC or USD positive ROI? Quite big difference if you ask me...

Luckily I paid for my BFL pre-order with fiat. It's the only reason I made a good profit.

I realized that BTC prices were rocketing, BFL pre-orders were selling fast and I had enough fiat in my Paypal account to pay for my ASICs and I hadn't figured out how to obtain coins cheaply, anonymously and quickly.

Of course I would have made more if I'd just spent my money on $30 bitcoins but at least I was contributing to the network.

[picolo]

During those times it was so much fun. I remember the forum frenzy and the thrills everybody got when price was going up insanely. Was pretty counterproductive as I was staring too long at the price and working at least 20% less. But nevertheless, IT WAS FUN. Oh, the good old times.

What kind of memories do you have with the rallies?

What I miss most about the rallies is the pictures of trains, hungover bears, and leonard di caprio toasting in front of a firework! That's just the kind of thing you need when the price is skyrocketing. The cherry at the top of the sundae, so to say

We will probably see them again in 2015!

Price should go to 1000$ then 2k$ 3k$ and more as the future unfolds

[wormbog]

The China rally was awesome, I was running in a Thanksgiving 5k race, checking the exchange rate on my phone every few minutes, and imagining buying myself something ridiculous for Christmas.

[bitcoin_purist]

During those times it was so much fun. I remember the forum frenzy and the thrills everybody got when price was going up insanely. Was pretty counterproductive as I was staring too long at the price and working at least 20% less. But nevertheless, IT WAS FUN. Oh, the good old times.

What kind of memories do you have with the rallies?

100% pure adrenaline watching the charts in realtime and the physical rush afterwards!
But last months I'm even more dedicated to price checking, it's unhealty. I should quit.
It's not about the money but more about the thrill.

[picolo]

During those times it was so much fun. I remember the forum frenzy and the thrills everybody got when price was going up insanely. Was pretty counterproductive as I was staring too long at the price and working at least 20% less. But nevertheless, IT WAS FUN. Oh, the good old times.

What kind of memories do you have with the rallies?

100% pure adrenaline watching the charts in realtime and the physical rush afterwards!
But last months I'm even more dedicated to price checking, it's unhealty. I should quit.
It's not about the money but more about the thrill.

It rapidly gets about the money when you are showing a huge profit and feel a lot freer than before because you won!

[findftp]

Its ok to remember rallies, to try to predict future ones and shut up the FUDsters  

I did predict.
My prediction actually started today and runs for 30 days.
I made the prediction months ago. Lets see.
<- look at the left

[piramida]

Hard to imagine anyone able to hold onto their coin when the price went up to 1200.

If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.

Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me.

[Torque]

Hard to imagine anyone able to hold onto their coin when the price went up to 1200.

If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.

Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me.

The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes.  Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose.  So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing.

Hopefully in the future, there will be less and less reasons to sell btc for fiat.  Someday I want to buy a new custom house directly with bitcoin!

[jaredboice]

Hard to imagine anyone able to hold onto their coin when the price went up to 1200.

If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.

Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me.

The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes.  Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose.  So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing.

Hopefully in the future, there will be less and less reasons to sell btc for fiat.  Someday I want to buy a new custom house directly with bitcoin!

50%?  For what income bracket?

And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything?

That would be a great day

[CryptoCarmen]

Hard to imagine anyone able to hold onto their coin when the price went up to 1200.

If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.

Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me.

The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes.  Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose.  So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing.

Hopefully in the future, there will be less and less reasons to sell btc for fiat.  Someday I want to buy a new custom house directly with bitcoin!

50%?  For what income bracket?

And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything?

That would be a great day

I think they will be happy that fiat is gone, since you cant trace fiat, but can trace BTC.

[picolo]

Hard to imagine anyone able to hold onto their coin when the price went up to 1200.

If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.

Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me.

The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes.  Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose.  So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing.

Hopefully in the future, there will be less and less reasons to sell btc for fiat.  Someday I want to buy a new custom house directly with bitcoin!

50%?  For what income bracket?

And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything?

That would be a great day

I think they will be happy that fiat is gone, since you cant trace fiat, but can trace BTC.

Cash is horrible for the IRS but you can hide your bitcoins and your bitcoin transactions in the sense that nobody can know who sends and you receives if you are using clean btc and if you are careful

[jaredboice]

Hard to imagine anyone able to hold onto their coin when the price went up to 1200.

If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.

Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me.

The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes.  Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose.  So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing.

Hopefully in the future, there will be less and less reasons to sell btc for fiat.  Someday I want to buy a new custom house directly with bitcoin!

50%?  For what income bracket?

And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything?

That would be a great day

I think they will be happy that fiat is gone, since you cant trace fiat, but can trace BTC.

Good luck tracing, DarkCoin