Quote from: 1Referee on April 22, 2019, 02:52:26 PM

Quote from: CoinEraser on April 22, 2019, 08:28:02 AM

But it was hard to imagine that the price would ever rise above $1000 when I started to invest in Bitcoin and today the price is way above that. Therefore I know, much is possible in crypto area, even such a high price in the future, but that's not all I'd count on. Wink

Imagine how that was for people who bought their first coins in 2010/2011. If you told them that Bitcoin would reach $1000 in 3 years, they would probably burst out laughing because it's so hard for people to fathom how something that's worth a few bucks can be worth that much.

I actually had a similar experience with a close internet buddy of mine who is an Ethereum fanboy. He kept repeating that its price would explode well beyond $100 when it was still below $10, which I (with my Bitcoin maximalist cap on) thought wasn't possible because everything at that point for me was a shitcoin and worth zero.

I am sure that he actually believed in Ethereum but was just speculating about its price, but still, he was right and I was wrong. I never ever again will underestimate any coin in terms of price action.

Yes, in 2011/2012 many people even laughed when I said that the price can rise above 100$ or even to 1000$. Many regret today that they laughed about it and wish they had bought at least for some bucks Bitcoins as the price was not even 10$.
I also underestimated Ethereum. I didn't expect such a price increase. Besides I had lost most of my eth coins on the shit exchange crypsy and never bought it back cheaply (also with my Bitcoin maximalist cap on Tongue

). In this way I also learned that altcoins should not be underestimated. Cheesy

Quote from: LeGaulois on April 22, 2019, 03:02:24 PM

Quote from: 1Referee on April 22, 2019, 02:52:26 PM

Quote from: CoinEraser on April 22, 2019, 08:28:02 AM

But it was hard to imagine that the price would ever rise above $1000 when I started to invest in Bitcoin and today the price is way above that. Therefore I know, much is possible in crypto area, even such a high price in the future, but that's not all I'd count on. Wink

Imagine how that was for people who bought their first coins in 2010/2011. If you told them that Bitcoin would reach $1000 in 3 years, they would probably burst out laughing because it's so hard for people to fathom how something that's worth a few bucks can be worth that much.

I actually had a similar experience with a close internet buddy of mine who is an Ethereum fanboy. He kept repeating that its price would explode well beyond $100 when it was still below $10, which I (with my Bitcoin maximalist cap on) thought wasn't possible because everything at that point for me was a shitcoin and worth zero.

I am sure that he actually believed in Ethereum but was just speculating about its price, but still, he was right and I was wrong. I never ever again will underestimate any coin in terms of price action.

That happens to the Bitcoin purists since they have a kind of love for BTC, they see BTC and nothing else. Then, as the saying goes, "only fools don't change" (But you're still a bit of a traitor Cheesy

) There are some altcoins that are good and can be complementary for Bitcoin. If Bitcoin is the king, it needs its queen too

You're absolutely right about that. Every king needs a queen. It's really stupid I didn't think of that at the time. Cheesy