04-18-2023, 06:51 AM
12 years ago, a person recommended to everyone to sell their BTC at the price of $1.
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12poyuy/12_years_ago_a_person_recommended_to_everyone_to/"> <img src="https://b.thumbs.redditmedia.com/A4QsU-tZIE1oozxO8_EHesB3CQAwH01ruAtjORPHf6U.jpg" alt="12 years ago, a person recommended to everyone to sell their BTC at the price of $1.10. The original inverse Jim Cramer." title="12 years ago, a person recommended to everyone to sell their BTC at the price of $1.10. The original inverse Jim Cramer." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Another throwback to the very distant past where BTC just recently broke the price barrier of $1 in February 2011. Also it is interesting that many likely do not know that BTC did not start its price at $1 but instead at about $0.0008 in 2010. So basically BTC went up from $0.0008 to $1 in just one year (155000% gain) , unbelievable price performance of course.</p> <p>But that was also the reason for the first Bitcoin bears to appear. Such a rise just seemed too unsustainable for many so the first were calling for people to take profits now or never.</p> <p>​</p> <p><a href="https://preview.redd.it/fnfmb2gk6hua1.jpg?width=1088&format=pjpg&auto=webp&s=a35271f4b249fda1dd5c78d095039b52d3ce2c2a">Picture from Pete Rizzo on Twitter</a></p> <p>One of them is this person, probably the first Bitcoin bear to be that wrong. After BTC peaked at $1.25, this person said to sell as there is no way for it to sustain the current levels, just a 5.520.000% gain followed afterwards. Even Jim Cramer was never able to top that kind of prediction.</p> <p>​</p> <p><a href="https://preview.redd.it/zsn416wm6hua1.jpg?width=906&format=pjpg&auto=webp&s=8d4d0198d6cbdd69fce6ac74b4ba1785fdd16169">Picture from BitcoinTalk website</a></p> <p>As a small bonus, the same person to say this had apparently also put the official Bitcoin subreddit on sale in the same year in July 2011. To be taken down afterwards as you are not allowed to “auction“ a subreddit on Reddit.</p> <p>This obviously makes us all think how many more there must have been who sold this early and in retro perspective it does somewhat make sense, to take profit after such a massive rally, it would actually seem smart back then. So no hate for Atlas, just a fun throwback to the past and how unbelievable every rally from Bitcoin has truly been, defying all expectations.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12poyuy/12_years_ago_a_person_recommended_to_everyone_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12poyuy/12_years_ago_a_person_recommended_to_everyone_to/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12poyuy/12_years_ago_a_person_recommended_to_everyone_to/"> <img src="https://b.thumbs.redditmedia.com/A4QsU-tZIE1oozxO8_EHesB3CQAwH01ruAtjORPHf6U.jpg" alt="12 years ago, a person recommended to everyone to sell their BTC at the price of $1.10. The original inverse Jim Cramer." title="12 years ago, a person recommended to everyone to sell their BTC at the price of $1.10. The original inverse Jim Cramer." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Another throwback to the very distant past where BTC just recently broke the price barrier of $1 in February 2011. Also it is interesting that many likely do not know that BTC did not start its price at $1 but instead at about $0.0008 in 2010. So basically BTC went up from $0.0008 to $1 in just one year (155000% gain) , unbelievable price performance of course.</p> <p>But that was also the reason for the first Bitcoin bears to appear. Such a rise just seemed too unsustainable for many so the first were calling for people to take profits now or never.</p> <p>​</p> <p><a href="https://preview.redd.it/fnfmb2gk6hua1.jpg?width=1088&format=pjpg&auto=webp&s=a35271f4b249fda1dd5c78d095039b52d3ce2c2a">Picture from Pete Rizzo on Twitter</a></p> <p>One of them is this person, probably the first Bitcoin bear to be that wrong. After BTC peaked at $1.25, this person said to sell as there is no way for it to sustain the current levels, just a 5.520.000% gain followed afterwards. Even Jim Cramer was never able to top that kind of prediction.</p> <p>​</p> <p><a href="https://preview.redd.it/zsn416wm6hua1.jpg?width=906&format=pjpg&auto=webp&s=8d4d0198d6cbdd69fce6ac74b4ba1785fdd16169">Picture from BitcoinTalk website</a></p> <p>As a small bonus, the same person to say this had apparently also put the official Bitcoin subreddit on sale in the same year in July 2011. To be taken down afterwards as you are not allowed to “auction“ a subreddit on Reddit.</p> <p>This obviously makes us all think how many more there must have been who sold this early and in retro perspective it does somewhat make sense, to take profit after such a massive rally, it would actually seem smart back then. So no hate for Atlas, just a fun throwback to the past and how unbelievable every rally from Bitcoin has truly been, defying all expectations.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12poyuy/12_years_ago_a_person_recommended_to_everyone_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12poyuy/12_years_ago_a_person_recommended_to_everyone_to/">[comments]</a></span> </td></tr></table>