So where are all the normie Economists, Bankers, who said it was over in 2018?

[jubalix]

So where are all the normie Economists, Bankers, who said it was over in 2018? Silence "Chirp Chirp" Crickets. 



Do you think *they* get it yet, or is it rinse repeat 100k~200K, next cycle and at $1 M a coin they will "get" it then.

[Tytanowy Janusz]

They get it long ago. To buy big you need FUD... as much as possible. Can you imagine trying to fill bags as cheap as possible in the same time saying how awesome bitcoin is pushing bitcoin price up with every good word you say? Saying good about bitcoin and in the same time buying bitcoin is a conflict of interest

[jubalix]

They get it long ago. To buy big you need FUD... as much as possible. Can you imagine trying to fill bags as cheap as possible in the same time saying how awesome bitcoin is pushing bitcoin price up with every good word you say? Saying good about bitcoin and in the same time buying bitcoin is a conflict of interest

To buy big you need FUD

some of the FUD was real, however, I think that a lot of "economists" and people that should know, share traders analysis, bond buyers, have no understanding of what money is.

They rarely think is the 100$ in their wallet really worth 100$. Eg face value vs actual value, and inflation vs dilution by printing which is how inflation is done now.

For instance, they never have the thought that No one ever made any money on the share market, your only wrapping around pre-existing ledger amounts and loan execution via fraction reserve banking is how money is made (excepting cash).

Think about that one for a moment. No money has ever been made on the share market or destroyed. It never crosses their mind.

[passwordnow]

I guess they are all in silently since last year or they were just playing it on 2018 to push the prices down. While giving those negative statements for bitcoin, they were doing it hiddenly in their basements, stocking and filling their orders because they knew it that it's the best time to buy. JP Morgan was one of them and others that have big names think are not yet ready to expose that they're one of us, that they're on it already.

[mersal]

So where are all the normie Economists, Bankers, who said it was over in 2018? Silence "Chirp Chirp" Crickets. 



Do you think *they* get it yet, or is it rinse repeat 100k~200K, next cycle and at $1 M a coin they will "get" it then.

We can only see them when bitcoin acts bullish and its hard for the old fashioned people to accept that bitcoin is much faster and better compared to traditional stocks so they keep saying it is a bubble and also grandpas don't get the development related to technology,

[Broly46]

all the normie Economists, Bankers Are the people who are low in self esteem and confident that they don’t even trust themselves, that they’re depending on trusting the other person that, also want you to trust them on their job of trusting the other person. Please you guy need to give them your vote of trust to them to make your life a living heaven that has been proven again and again from 9/11 to 2008 to pandemic. It’s not joking around, we can live a peaceful live of no world wars for over a few decades thank to them in charge of doing a great job. Please trust them when they tell you bitcoin would die in the future because the person they trust also tell the same story. I don’t believe banker would hodl bitcoin, but they might be trading from time to time to make some profit, also they hate bitcoin being too volatile they can’t in total control of the bitcoin trading account book all under their radar to analyse the the result of the data mining, all in all, they hate bitcoin being too transparent to everybody else they need that transparency only for themselves just like how they regulate the entire money supply on the dark with near zero transparency, of course they would still have plenty to hate on bitcoin, but the meteorite rise of bitcoin is something that make them out of their mind and possibly they get wet on their pant and bend over to the bitcoin overlord couldn’t say no to it again, yeah they’re seriously deceiving person that is they even successfully make a living out of being deceiving, how time has changed everything after the bitcoin inception.

[hatshepsut93]

Some, like for example Jamie Dimon, the CEO of JPMorgan , don't want to admit that they were wrong, so they would just refuse to comment anymore on Bitcoin. Others, like /r/Buttcoin would just keep repeating the same old arguments like a broken record. But really, we have the same psychological principle regardless where Bitcoin moves - opinions follow the trend. When Bitcoin goes up, everyone starts talking about moon and lambos, when it goes down, people think it's over. Somehow both camps ignore the history and the common sense that Bitcoin can't go up or down forever, without some extraordinary factors.

[Sterbens]

Some, like for example Jamie Dimon, the CEO of JPMorgan , don't want to admit that they were wrong, so they would just refuse to comment anymore on Bitcoin. Others, like /r/Buttcoin would just keep repeating the same old arguments like a broken record. But really, we have the same psychological principle regardless where Bitcoin moves - opinions follow the trend. When Bitcoin goes up, everyone starts talking about moon and lambos, when it goes down, people think it's over. Somehow both camps ignore the history and the common sense that Bitcoin can't go up or down forever, without some extraordinary factors.

Let the characters do what they want, and we won't care about the babbling of those who don't want to acknowledge bitcoin and its glory. Naturally, if a character as big as them is reluctant to admit it, because the risk of being used as a discussion material will have an impact on mentally and psychologically. We don't need to prove anything to them, enough, only bitcoin is silencing their mouths. at least we believe, that actually his little heart admits, but the ego can not be defeated.

[dothebeats]

Most of them are just saving face, or just not changing their stance while they can still milk the classical economics thing that they are keeping up for the longest of time. I’m pretty sure most of these same dudes are already invested one way or another, they just don’t want to let the world know for maximum profit. One can faithfully believe and enforce classical economics and still buy bitcoin since no one prohibits them from doing so.

[iv4n]

They are thinking what to say next... all arguments they had (if we can call it like that) failed! And we can discuss their arguments, in my case majority of people I have to discuss economic didn't know basics, how can I expect from them to have any logical predictions about the future when they don't know what's really happening around them?!
They said a lot of things, now I think how I should write all that in some notebook, to show them...because they don't believe my words! Anyway in this kind of situations you realize that you can't help/save them all! You either ditch the unnecessary wight, or you let it drag you down...

[Febo]

So where are all the normie Economists, Bankers, who said it was over in 2018? Silence "Chirp Chirp" Crickets.  

Like Paypal CEO?   He was FUDing Bitcoin in 2018 to fill first his pockets with BTC at $3000 and latter to fill Paypal wallet with BTC at $6000. And 2 years later start selling their customers those BTC they bought cheap. That is how business is done by banksters.

[Rengga Jati]

they might say it because they experienced a very bad nightmare of losing much money in the crypto. And we don't know whether they are still in or out of this crypto world. for those who are out after 2018, it is so silly because the party is not ended, like now. And those who are continuing until now congratulate, you deserve it. And probably some of them are still here and having a party with us but they don't cover up themselves.

[TimeTeller]

They get it long ago. To buy big you need FUD... as much as possible. Can you imagine trying to fill bags as cheap as possible in the same time saying how awesome bitcoin is pushing bitcoin price up with every good word you say? Saying good about bitcoin and in the same time buying bitcoin is a conflict of interest

I believe a lot are guilty of that.  

they might say it because they experienced a very bad nightmare of losing much money in the crypto. And we don't know whether they are still in or out of this crypto world. for those who are out after 2018, it is so silly because the party is not ended, like now. And those who are continuing until now congratulate, you deserve it. And probably some of them are still here and having a party with us but they don't cover up themselves.

Maybe some of them are going back again and regretting for not believing in bitcoin.
A lot got their disappointments, that is for sure. Because they got in for the mere thought that they will get their big returns afterwards.
But it really takes time and patience to be rewarded. And for those who stayed, this is their reward, a really good reward for those who continue to believe.

[Darker45]

They have a couple of options. It is either they will admit that they're wrong about Bitcoin, as the hard facts are clearly saying Bitcoin is here to stay and is actually a lot stronger now, or they will stick to their old perception and look extremely ridiculous and funny.

It doesn't kill them if they change tune about Bitcoin. It is very normal nowadays. Who were solid Bitcoin supporters right from the start? Only a handful. A lot of the huge investors of today weren't Bitcoin supporters years ago. But they realized that Bitcoin is not just some geeky fad and eventually poured millions into it. And they were right in that decision because their investment has indeed more than doubled in just several weeks.

[Lorence.xD]

They have a couple of options. It is either they will admit that they're wrong about Bitcoin, as the hard facts are clearly saying Bitcoin is here to stay and is actually a lot stronger now, or they will stick to their old perception and look extremely ridiculous and funny.

With more people leaning more on bitcoin rather than what the economists say, I think that they will change their mind about bitcoin, this doesn't affect the fact that bitcoin is still volatile and 2018 could happen again. Some hardcore economist might stick to their guns here and there but technology will bite back sooner than they could have expected.

It doesn't kill them if they change tune about Bitcoin. It is very normal nowadays. Who were solid Bitcoin supporters right from the start? Only a handful. A lot of the huge investors of today weren't Bitcoin supporters years ago. But they realized that Bitcoin is not just some geeky fad and eventually poured millions into it. And they were right in that decision because their investment has indeed more than doubled in just several weeks.

People have different perception about bitcoin, some supported it unconditionally while others are still uncertain so they tested the waters and now those who did finally got to reap their benefits. It is just how life works, if you become a success you will be called an idol but the other way around you are called a fraud, this is an unforgiving world after all.

[LogitechMouse]

So where are all the normie Economists, Bankers, who said it was over in 2018? Silence "Chirp Chirp" Crickets. 

Do you think *they* get it yet, or is it rinse repeat 100k~200K, next cycle and at $1 M a coin they will "get" it then.

People at that time are emotional and ignorant investors and they are investing base on the fundamentals spreading in the internet.
In order for these people to enter the market, they will create as much as FUD as they want and spread it in the internet so that they can enter at the lowest price possible.

It is possible too that these people are holding huge chunks of Bitcoin since the time they spread FUDs. We can say that they are saying things like that in the past but in reality there is another meaning to it. That they are just saying it so that they can buy Bitcoin at a lower price. In reality they are really supporting it but in silence.

[Mauser]

So where are all the normie Economists, Bankers, who said it was over in 2018? Silence "Chirp Chirp" Crickets. 



Do you think *they* get it yet, or is it rinse repeat 100k~200K, next cycle and at $1 M a coin they will "get" it then.

This is an interesting question. Would be nice to know if the pessimist just disappeared or are actually changing their mind. There is nothing wrong if you don't fully understand a subject and make bad calls. But it depends now how you change afterwards. Do you accept being wrong and move on, or try to double down and keep making bad calls.

[Latviand]

I guess they are all in silently since last year or they were just playing it on 2018 to push the prices down. While giving those negative statements for bitcoin, they were doing it hiddenly in their basements, stocking and filling their orders because they knew it that it's the best time to buy. JP Morgan was one of them and others that have big names think are not yet ready to expose that they're one of us, that they're on it already.

They talked too much before and now they are benefitting something that they are doubting since 2018.

These pathetic human being thinks that they are accountable with the things that they've said before but in reality, they are regretting those things.

Don't be a hypocrite, it is acceptable if they revoked all of the things that they've said before, by that, it means that they really admit that they made a mistake before.

[Darker45]

They have a couple of options. It is either they will admit that they're wrong about Bitcoin, as the hard facts are clearly saying Bitcoin is here to stay and is actually a lot stronger now, or they will stick to their old perception and look extremely ridiculous and funny.

With more people leaning more on bitcoin rather than what the economists say, I think that they will change their mind about bitcoin, this doesn't affect the fact that bitcoin is still volatile and 2018 could happen again. Some hardcore economist might stick to their guns here and there but technology will bite back sooner than they could have expected.

Curiously enough, I encountered this particular chart on Twitter.^[1]



Apparently, this data is coming from Coin Metrics of CoinDesk. From this Bitcoin price and volatility chart, it says that while Bitcoin is recently registering all time highs one after another, its volatility is actually very low, unlike when it made its all time high in 2017 when volatility was also moving up alongside the price.

I actually noticed that apart from sudden surges and moderate corrections, Bitcoin seemed to be more or less moving sideward in these past months. 

[1] https://twitter.com/zackvoell/status/1339751184811216897

[sana54210]

Most of them are involved right now. Look at how the big companies are getting involved with bitcoin, they were all saying bitcoin was a bubble that will burst eventually and now we are doing awesome and they have been involved for months now.

It was always obvious that when serious money got involved with crypto prices would go up, I always knew that they were getting in small by small whenever they can without taking too much attention, but with the grayscales and microstrategies of the world started to call it out, they are saying how much they are getting in and they are promoting bitcoin for us as well in the regular stock market world as well, because it is something that makes them so much money. Grayscale got involved with bitcoin was around $10k for example, now it is over $23k, where else could they found something that would double their money so quickly?