Ted E. Bare
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 12:57:54 PM |
|
Got to love those bear traps.
|
|
|
|
spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 01:00:29 PM |
|
calling the actual bubble pop at around $3k-$4k
|
|
|
|
Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1012
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 01:23:41 PM Last edit: May 14, 2017, 05:09:11 PM by Meuh6879 |
|
where you take the rank ?
M2 = https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.htmlResult in M2 = ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg924%2F7300%2F2uBDwM.png&t=665&c=vUEHczOFr2fKLg) M2 is a broader money classification than M1, because it includes assets that are highly liquid but are not cash. A consumer or business typically doesn't use savings deposits and other non-M1 components of M2 when making purchases or paying bills, but it could convert them to cash in relatively short order. M1 and M2 are closely related, and economists like to include the more broadly defined definition for M2 when discussing the money supply, because modern economies often involve transfers between different account types. For example, a business may transfer $10,000 from a money market account to its checking account. This transfer would increase M1, which doesn’t include money market funds, while keeping M2 stable, since M2 contains money market accounts. Read more: M2 http://www.investopedia.com/terms/m/m2.aspM1 = https://www.cia.gov/library/publications/the-world-factbook/rankorder/2214rank.html
|
|
|
|
Torque
Legendary
Offline
Activity: 3682
Merit: 5233
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 01:56:29 PM |
|
Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not. In all those years I never heard anyone that I'm close to mention it. Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself. It's happening. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
BTCtrader71
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 02:24:44 PM |
|
Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not. In all those years I never heard anyone that I'm close to mention it. Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself. It's happening. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I couldn't stop myself from telling friends and family about it starting early 2013. Several bought, and several even hodl'd, to their credit. One panic sold at a profit, another panic sold at a loss but then bought some alts and made up for his losses. Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure. The one friend who bought (in 2013, at 400) and then panic sold (in 2014, at 600) is thinking of buying back in and wants my help doing so. Why now? Because the price is shooting up, like in 2013. He probably won't get around to it until $4000, and then he'll panic sell at 6000 on the way down after the 10k peak ... It's one reason that it feels kinda like 2013 to me now.
|
|
|
|
European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
|
![](https://bitcointalk.org/Themes/custom1/images/post/wireless.gif) |
May 14, 2017, 02:36:22 PM |
|
far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.
|
|
|
|
Iranus
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 02:51:31 PM |
|
far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.
I would say mention it once or twice. If they're interested, let them find out more themselves, otherwise they'll blame you if they screw it up. If they're not interested, leave it alone or you'll end up getting pissed off by their cocky attitude whenever there's a slight dip in price and their pedantic criticisms.
|
|
|
|
monsanto
Legendary
Offline
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 02:58:10 PM |
|
Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.
In all those years I never heard anyone that I'm close to mention it.
Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.
they're just trying to figure out how to pay off the ransomware ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
Chainsaw
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 03:06:40 PM |
|
Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not. In all those years I never heard anyone that I'm close to mention it. Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself. It's happening. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Same. They never buy until the rallies start. The majority of people need empirical evidence - logic, reason, probabilities, or risk/reward scenarios do not suffice. The intensity and strength of the bull market to date has me favoring a multi-month+ bull scenario from here. somethingsomething next few weeks are critical ;-)
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 03:20:53 PM |
|
This train can't be stopped.
|
|
|
|
Torque
Legendary
Offline
Activity: 3682
Merit: 5233
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 03:24:04 PM Last edit: May 14, 2017, 03:38:44 PM by Torque |
|
Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure.
Is she married to Krugman or Williams? Lol I have no idea where this bull run is going, or when it will peter out. But what I do know is, there is a saying in the stock market. That the smart money is two years ahead of everyone else, and is first to get in because they know something is on the horizon that Average Joes don't. I'm also hearing that we could be 1-2 years away from a drastically sharp correction in the world markets (e.g., equities, commodities, real estate, etc). Or a that a poorly run country will have a total economic/monetary collapse and start a chain reaction. So do the math? And follow the smart money? Wayne Gretzky was once asked by a sports reporter, "How do you account for your uncanny skills in Hockey?" He replied, "I skate to where the puck is going to be, not to where it has been." ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
BTCtrader71
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 04:04:41 PM |
|
Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure.
Is she married to Krugman or Williams? Lol Haha nope. Husband is also an economist, but she's the Krugman of the fam, which I'm pretty sure she'd take as a compliment lol I have no idea where this bull run is going, or when it will peter out. But what I do know is, there is a saying in the stock market. That the smart money is two years ahead of everyone else, and is first to get in because they know something is on the horizon that Average Joes don't. I'm also hearing that we could be 1-2 years away from a drastically sharp correction in the world markets (e.g., equities, commodities, real estate, etc). Or a that a poorly run country will have a total economic/monetary collapse and start a chain reaction. So do the math? And follow the smart money? Wayne Gretzky was once asked by a sports reporter, "How do you account for your uncanny skills in Hockey?" He replied, "I skate to where the puck is going to be, not to where it has been." ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Agree with everything you say. (I wouldn't be surprised if what you say about the world markets comes true, although I can't say I have any particular insight, or know whose opinion to trust on that matter ... )
|
|
|
|
grenkatost
Newbie
Offline
Activity: 46
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 04:10:16 PM |
|
|
|
|
|
BTCtrader71
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 04:16:09 PM |
|
It means the sellers are paying way more in trading fees than the buyers. SUCKERS!!!! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) lol
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 05:45:39 PM |
|
Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not. In all those years I never heard anyone that I'm close to mention it. Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself. It's happening. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Same. They never buy until the rallies start. The majority of people need empirical evidence - logic, reason, probabilities, or risk/reward scenarios do not suffice. The intensity and strength of the bull market to date has me favoring a multi-month+ bull scenario from here. somethingsomething next few weeks are critical ;-) It's the opposite. Most people are emotional creatures. Tell them about supply and demand, explain with math how unlikely it is for anyone to ever hack their wallets and it won't matter if we are in a two year slump. Bitcoin is obviously dead. But show them how much you gained by buying a year ago, and they will want in. Greed always trumps logic.
|
|
|
|
Torque
Legendary
Offline
Activity: 3682
Merit: 5233
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 06:13:53 PM |
|
But show them how much you gained by buying a year ago, and they will want in. Greed always trumps logic.
I think it's actually worse than that. The Average Joe that discovers Bitcoin (while it's rising, of course) and suddenly "wants in" has no clue what it even is, or why it is important in the long term. They just want to see it rise, and smugly pat themselves on the back because they are "making money" in the short term. In fact, they don't have any inkling that their fiat currency's purchase power has been dropping drastically over the last 20 years, and that their measly savings account is going nowhere fast. They have been oblivious to that, and don't really see it as a problem until it's too late. Maybe I'm being a little harsh here, as people all come around to discovering Bitcoin in different ways. But I keep reading comments of people saying things like "I'm getting back into the game of Bitcoin", or "I'm new to the game." Bitcoin is NOT a fkn game, to be played short term. And they will lose badly if they treat it as such. These are the idiots that always panic sell at the bottom.
|
|
|
|
quarternions
Newbie
Offline
Activity: 44
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 06:17:30 PM |
|
First post here, been lurking around bitcoins for the past few years and never did anything with it sadly. Did a SEPA transfer this Friday but a tad to late (so it won't come into my account till tomorrow, stupid banks) and missed the dip I just found out I could instantly buy at GDAX with a credit card, noticed a small 20-30 euro dip and now it is wobling a bit. Should I buy some "playing" BTC right now or do you guys think it will drop a bit more in the upcoming hours? I will use the money that is coming in tomorrow for a longer investment.
|
|
|
|
metacoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 06:21:32 PM |
|
What I hear in conversation when Bitcoin price is low: "You're still doing Bitcoin stuff? Didn't Bitcoin die last year?"
Text messages I get when Bitcoin is at an ATH: "Hey do you think now is a good time to buy Bitcoin? How much should I buy?"
|
|
|
|
Qartada
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 06:44:12 PM |
|
What I hear in conversation when Bitcoin price is low: "You're still doing Bitcoin stuff? Didn't Bitcoin die last year?"
Text messages I get when Bitcoin is at an ATH: "Hey do you think now is a good time to buy Bitcoin? How much should I buy?"
People are so dumb. Everyone espouses the oversimplified "buy low, sell high", but whenever people are actually trying to put it into practice they just ignore the prospect. The option for them to buy Bitcoin is always right there in front of their face if they just researched the technology instead of looking at the short term price.
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 14, 2017, 07:01:13 PM |
|
First post here, been lurking around bitcoins for the past few years and never did anything with it sadly. Did a SEPA transfer this Friday but a tad to late (so it won't come into my account till tomorrow, stupid banks) and missed the dip I just found out I could instantly buy at GDAX with a credit card, noticed a small 20-30 euro dip and now it is wobling a bit. Should I buy some "playing" BTC right now or do you guys think it will drop a bit more in the upcoming hours? I will use the money that is coming in tomorrow for a longer investment. The question you should be asking is "Where can I read about how this technology works so that I can form my own informed opinion?".
|
|
|
|
|