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

[Sterbens]

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?

You are right, this indeed makes a lot of sense as a tentative hypothesis in response to the recent movement of bitcoin. they are involved and don't admit it. they sneak back and rake in unlimited profits. their cheating shows how unstable Grayscale is. Isn't this very cheating? although on the other hand we are expecting an increase in bitcoin, but with their involvement, it feels like something is not working normally. because it is feared that after everyone takes a share of the profits, the impact of dumping bitcoin will be very dire.

[exstasie]

Dr. Doom is up to his old tricks: https://www.bloomberg.com/news/videos/2020-12-04/bitcoin-doesn-t-have-any-fundamental-value-roubini-says-video

"No fundamental value, manipulated prices" and so on. He blames Tether for driving and propping the market up. He also seems really hyped on CBDCs and is probably hoping they'll eventually erode demand for crypto.

[Smartprofit]

In 2018-2019, the bitcoin price fell.  It was a bear market.  

The Wall Street bankers and speculators tried to create the impression that the bubble had burst with their comments.  They wrote that Bitcoin is an asset solely for speculation.  With their comments, they tried to damage the reputation of Bitcoin.  They did it on purpose.  I never listen to what bankers say about bitcoin.  They lie anyway.  

However, these people know to buy a financial asset when its price is low.  Institutional investors made bulk purchases of bitcoins at $ 8,000 and $ 10,000.  Purchases were also made at lower prices (4 000 $ - 5 000 $).  

People naively considered Bitcoin to be a speculative asset.  

Bankers initially knew that Bitcoin was a potential global reserve currency.  In the 21st century, bitcoin is more important than gold.

[cheezcarls]

I believe they are doing it on purpose in order to buy more at cheaper price. I think it's a common strategy for FUDers who just wanted the Bitcoin price to pullback even more. But I can be wrong in my assumptions. There may be others who just completely against cryptocurrencies, but sad to say that they can't take it down that easily.

[VDraci]

They want everyone to really think it was over so that they can buy more at cheaper price FUD is one of the effective way to affect the market price and till date it still works on some altcoins as well, believe me these FUDers already filled up their bags a very long time ago lol

[AniviaBtc]

I believe they are doing it on purpose in order to buy more at cheaper price. I think it's a common strategy for FUDers who just wanted the Bitcoin price to pullback even more. But I can be wrong in my assumptions. There may be others who just completely against cryptocurrencies, but sad to say that they can't take it down that easily.

I knew it, there are people who are really against bitcoin's existence in the market because they only want its price to go low and buy a massive amount.

Judging the potential of bitcoin is really not a good idea as it can only make other people hate and doubt bitcoin.

But at the end of the day, those people still invest on bitcoin because they know that bitcoin is really a must to invest and it is really profitable in the market. Your assumptions maybe right so you don't need to doubt your thoughts about it. But there are still people who are against bitcoin no matter what happens.

[pixie85]

They are still here, at least some of them, like Mark Cuban. There's that professor who recently said that Bitcoin is a bubble.

Some of them changed their minds and openly admitted to being wrong about bitcoin.

There's many attitudes and many ways in which people react to being called out. Some hide, some apologize, some ignore the facts and say the same thing.

[dunfida]

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.

Where are they? For sure they had been holding some serious big bag stashes or bags now.They might have full of negativity back in the past but those are just
strategies for them to make some FUD and make the prices low and they would enter and buy those cheaper coins.You do know on how typical banksters and
other institutional investors on where they do love to be on the advantageous side and this is how market works and moves on where you shouldnt
let yourself fall into their hands when listening or reacting into FUDS or even on FOMO's.

They had already placed themselves into the market where everyone isnt really that expecting.

[sapnu]

Those people who lost hope last 2018 are definitely hiding or lowkey investing or holding right now. Ever since the dump, many people doubted bitcoin and stopped investing, it is not surprising anymore actually, it's normal here in the crypto world to have people suddenly leaving when a coin or even bitcoin's value starts going down. For sure, most of them are still here. They just wanted to pull other people down during the dump so that they would not be alone in experiencing massive lost of money. If you are one of them, start rethinking and reflecting on how well bitcoin is going on right now.

[arwin100]

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.

It's a reverse psychology, they spread that fud so that they can accumulate more cheap bitcoins. They are doing that ever since before and now some of what they called economist and other big businessmen are now spreading some hype that they will buy more bitcoins so that they can create demand as well more panic buying will happen. 

And even by this we need to be careful since maybe we can experience a quick dump but hopefully we will get the same path last 2018 and the price will remain at this figures even 2021 pass by.

[Dragonfund]

I don't wish anything negative to happen to Bitcoin but the question is are you sure the same pattern will not happen again. The greatest challenge with this market has been volatility. It's always difficult to pump price but Bitcoin can dump - 10% in just an hour which make it bad side of it.
Economist, bankers or whatever all made predictions base on what they know and their limited knowledge about bitcoin and cryptocurrency. They were also afraid that bitcoin and it hype will break their system.

[ChronoLite]

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.

they all just normies who just follow the hype train and once it is no longer worth it they start to shittalk bitcoin and call it over on that day. this type of mindset is really dumb and just make them look really bad. it is not on just economits, some of us also thought like that and they backslashing crypto after it was dumped in 2018, lol i laughing so hard

[jostorres]

I think Peter Schiff is the funniest one. He made a poll about how he was so experienced and an investor and all around talked about how he knew what he was talking about and what he has done so far, while his kid was 18 years old and didn't know anything at all and bought bitcoin against all his pleas to not buy one. That kid became a lot richer thanks to that purchase, everyone voted the kid instead of Peter . He literally condemned his own son for buying bitcoin and wanted to humiliate him on twitter, while his son was the winner of the poll and he also made over 3x return since that day, while Peter didn't even do 1.5x return since that day. It is funny to see those kinds of things.

However do not think of every big name economist like that, we have also seen companies getting into crypto this year, so there are some who still think it is fine.

[South Park]

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.

Either in hiding or still saying the same, I will be surprised if any single one of them has changed their mind since then, you need to understand that most economist do not understand even the role of gold and how important was historically to get where we are, to them gold is an historic relic that is just there and that at some point will disappear, since bitcoin is based on similar principles then they think bitcoin is completely useless not understanding that what they were taught at school is what is wrong and not bitcoin.

[Hydrogen]

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

Finance(2018):  "Bitcoin will peak above $20k at its next halving in 2020. How do we profit the most from this."

Banks(2018):  "We'll convince everyone bitcoin is overvalued to fool them into selling at rock bottom prices. It will give us a lower entry to market and boost our gains."

Economists(2018):  "Banks and finance called. They want us to predict doom and gloom for bitcoin. Call our people in the media and let them know its time to go to work."

CNN(2018):  "Bitcoin is dead. Sell now so finance and banks can buy at lower prices to boost the profits they'll reap when bitcoin crests $20k after its next halving in 2020."

Normies(2018):  "CNN, Jamie Dimon and economists said bitcoin is dead. Sell, sell, sell."

...

Knowing how the finance food chain works helps put things into perspective.