Bitcoin Forum
May 05, 2024, 10:42:48 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Sentiment feels much alike 2012 (spring to summer)  (Read 2000 times)
RodeoX
Legendary
*
Offline Offline

Activity: 3066
Merit: 1145


The revolution will be monetized!


View Profile
December 02, 2014, 08:57:48 PM
 #21

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

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
1714905768
Hero Member
*
Offline Offline

Posts: 1714905768

View Profile Personal Message (Offline)

Ignore
1714905768
Reply with quote  #2

1714905768
Report to moderator
1714905768
Hero Member
*
Offline Offline

Posts: 1714905768

View Profile Personal Message (Offline)

Ignore
1714905768
Reply with quote  #2

1714905768
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714905768
Hero Member
*
Offline Offline

Posts: 1714905768

View Profile Personal Message (Offline)

Ignore
1714905768
Reply with quote  #2

1714905768
Report to moderator
1714905768
Hero Member
*
Offline Offline

Posts: 1714905768

View Profile Personal Message (Offline)

Ignore
1714905768
Reply with quote  #2

1714905768
Report to moderator
Melbustus
Legendary
*
Offline Offline

Activity: 1722
Merit: 1003



View Profile
December 02, 2014, 09:42:51 PM
 #22

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

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.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
pa
Hero Member
*****
Offline Offline

Activity: 528
Merit: 501


View Profile
December 03, 2014, 04:40:35 AM
 #23

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

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!
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!