Sentiment feels much alike 2012 (spring to summer)

[RodeoX]

i wasn't here in 2012, so i ask: there were so much pessimism about btc on 2012? i don't think so..

OMG, there was much much more. It was harder to argue with the haters then, we didn't know where any of this was going. But every single day back then, as now, someone discovered a fatal flaw in bitcoin. 

[Melbustus]

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i wasn't here in 2012, so i ask: there were so much pessimism about btc on 2012? i don't think so..

there was plenty, and nowhere near the infrastructure reassurances that exist today.

^ This.

2012 and the second half of 2011 were quite pessimistic. Bitcoin had gone from <$1 to $32 in a couple months, then bled from $32 to <$2 over the course of 5-6 months. With no infrastructure development, no VC money, no high-profile entrepreneurs, economists, major merchants, or government departments taking any positive interest at all. Price stood near $4 for most of the first half of 2012, IIRC, and many people had left Bitcoin for dead.

And without any real-economic activity, infrastructure, or mindshare, it was a MUCH more pessimistic situation than today.

To anyone who was around in those times, it's quite easy to chuckle at today's short-sighted naysayers. The success Bitcoin has had since 2011 is incredible. This has all happened *much* faster than I thought it would.

[pa]

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i wasn't here in 2012, so i ask: there were so much pessimism about btc on 2012? i don't think so..

there was plenty, and nowhere near the infrastructure reassurances that exist today.

^ This.

2012 and the second half of 2011 were quite pessimistic. Bitcoin had gone from <$1 to $32 in a couple months, then bled from $32 to <$2 over the course of 5-6 months. With no infrastructure development, no VC money, no high-profile entrepreneurs, economists, major merchants, or government departments taking any positive interest at all. Price stood near $4 for most of the first half of 2012, IIRC, and many people had left Bitcoin for dead.

And without any real-economic activity, infrastructure, or mindshare, it was a MUCH more pessimistic situation than today.

To anyone who was around in those times, it's quite easy to chuckle at today's short-sighted naysayers. The success Bitcoin has had since 2011 is incredible. This has all happened *much* faster than I thought it would.

On the one hand, time flies when you immerse yourself in Bitcoin. On the other hand, the volatility ages you!