proudhon



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LegendaryActivity: 1484Merit: 1043 3 years ago...let's reminisce June 06, 2014, 04:19:56 PM #1 So, almost exactly 3 years ago a lot of us were euphorically watching as bitcoin blew through the $20 range and into the $30s. Not long after reaching nearly $33, there was a series of relatively large sell-offs into pretty thin bids, and that ultimately bottomed out around $10.



The price "recovered" to around $17 and then we were all epically goxxed with an insane hackcrash from $17 to, basically, $0. It was gut-wrenching. I was on my way to the gym when it happened and casually opened the price app on my phone to see the price was under $10. I was a little disturbed, but it's bitcoin. At another stop light I checked again and the price was under $5. That's when I called my wife and frantically attempted to explain to her how to log on to MtGox and put in a sell order...by the time she logged in the price was $0.25 and I said, "well, shit, it's pretty much all gone..."



Share your story. bitcoin price cannot be sustained above $10k <---- scientific fact

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piramida



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LegendaryActivity: 1162Merit: 1005 Re: 3 years ago...let's reminisce June 06, 2014, 04:40:41 PM #5 Quote from: log2exp on June 06, 2014, 04:28:19 PM Did you sell at $0.25?



Would not matter all those trades were rollbacked. these were the days when everyone thought mtgox was a competent exchange & a benefit to community. little did we know...



My story 4 years ago: learned about bitcoin from the internets, came on here when there was no gox and people were literally running around the internet trying to move 10k bitcoins for $100, didn't understand wtf is this all about after 5 minutes of reading, thought it's a cleverly designed mass self-installed trojan software, left. Did more research later, got interested, but it already was at $1 per coin, thought that I missed the train completely and everybody already bought into the hype, left. Came back when it was at $32, started buying after it crashed to $17, and enjoyed the ride down to $2 with proudhon adding optimism along the way But managed not to sell, because never invested what was not prepared to lose completely. After that grizzly market all those recent events of 2013-2014 are really just minor stops on the way up. Would not matter all those trades were rollbacked. these were the days when everyone thought mtgox was a competent exchange & a benefit to community. little did we know...My story 4 years ago: learned about bitcoin from the internets, came on here when there was no gox and people were literally running around the internet trying to move 10k bitcoins for $100, didn't understand wtf is this all about after 5 minutes of reading, thought it's a cleverly designed mass self-installed trojan software, left. Did more research later, got interested, but it already was at $1 per coin, thought that I missed the train completely and everybody already bought into the hype, left. Came back when it was at $32, started buying after it crashed to $17, and enjoyed the ride down to $2 with proudhon adding optimism along the wayBut managed not to sell, because never invested what was not prepared to lose completely. After that grizzly market all those recent events of 2013-2014 are really just minor stops on the way up. i am satoshi

thezerg



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LegendaryActivity: 1246Merit: 1000 Re: 3 years ago...let's reminisce June 06, 2014, 05:02:34 PM #9 . Revisited and read the whitepaper (actually understood the awesomeness of Bitcoin as opposed to the media misreporting) 8 months later... joined bitcointalk a month+ after that.

Read about the tech thru a slashdot article but took one look at the price and said to myself "Bubble". Revisited and read the whitepaper (actually understood the awesomeness of Bitcoin as opposed to the media misreporting) 8 months later... joined bitcointalk a month+ after that.

sgbett



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LegendaryActivity: 2058Merit: 1060 Re: 3 years ago...let's reminisce June 06, 2014, 05:17:13 PM #10



Nice to see you round these parts. Trolling is very low quality at the moment, why not stay a while I missed the whole thingNice to see you round these parts. Trolling is very low quality at the moment, why not stay a while "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto

*my posts are not investment advice*

Melbustus



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LegendaryActivity: 1694Merit: 1003 Re: 3 years ago...let's reminisce June 06, 2014, 06:02:03 PM #13 Quote from: proudhon on June 06, 2014, 04:19:56 PM ...

The price "recovered" to around $17 and then we were all epically goxxed with an insane hackcrash from $17 to, basically, $0. It was gut-wrenching.

...





I'd been following bitcoin for a number of weeks at that point and watched that hackcrash in real time. The price recovering to around $14 fairly quickly in the days after that gave me confidence to make some of my first purchases. And as I read constantly about bitcoin and monetary systems in general through the following months, my confidence in bitcoin rose as the price fell. Just wish I'd had more fiat to put to work at the time!

I'd been following bitcoin for a number of weeks at that point and watched that hackcrash in real time. The price recovering to around $14 fairly quickly in the days after that gave me confidence to make some of my first purchases. And as I read constantly about bitcoin and monetary systems in general through the following months, my confidence in bitcoin rose as the price fell. Just wish I'd had more fiat to put to work at the time! Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.

proudhon



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LegendaryActivity: 1484Merit: 1043 Re: 3 years ago...let's reminisce June 06, 2014, 06:48:56 PM #14 Quote from: sgbett on June 06, 2014, 05:17:13 PM



Nice to see you round these parts. Trolling is very low quality at the moment, why not stay a while

I missed the whole thingNice to see you round these parts. Trolling is very low quality at the moment, why not stay a while

Just don't have the time these days to troll as it ought to be done, and I feel like if you're gonna do something, do it well. I'll probably pop in here a little more frequently, though. Just don't have the time these days to troll as it ought to be done, and I feel like if you're gonna do something, do it well. I'll probably pop in here a little more frequently, though. bitcoin price cannot be sustained above $10k <---- scientific fact

sgbett



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LegendaryActivity: 2058Merit: 1060 Re: 3 years ago...let's reminisce June 06, 2014, 06:57:38 PM #15 Well then the patented proudhon-in-spec-subforum indicator would suggest we are indeed in for another run up. I'd better back up my truck. "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto

*my posts are not investment advice*

CoinDiver



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Hero MemberActivity: 778Merit: 1002 Re: 3 years ago...let's reminisce June 06, 2014, 07:02:47 PM #16 A year ago, you would have had 100 answers by now. The forum is full of jobless socialists now. I much prefered the days of jobless anarchists. DAMN ALT COINS!



Myself, I was 8 months from hearing about bitcoin. Bought my first btc at $5.50... and a few more in the $4 range before the price JUMPED on 4/20 that year. http://mises.org/daily/3229

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