my mom just asked me if i knew what this "bitcoin" thing is, and she barely knows how to check her email. reminds me of when she asked me whats this eBay thing?
How have you not told your own mother?
Topic: Greed vs fear (Read 966 times)
How have you not told your own mother?
my mom just asked me if i knew what this "bitcoin" thing is, and she barely knows how to check her email. reminds me of when she asked me whats this eBay thing?
Fear is stronger, but more people are greedy than fearful.
With regards to Bitcoin I will say this.
The 2011 peak was 70% greed 30% fear.
Now we are 90% greed 10% fear.
If all variables were the same then I would say that when fear reaches 30% history would repeat, but we have a lot more newbies inc nowadays so it's impossible to predict.
I would even go so far as to predict hacks on foreign exchanges when they reach the level that mtgox had reached at the time.
With regards to Bitcoin I will say this.
The 2011 peak was 70% greed 30% fear.
Now we are 90% greed 10% fear.
If all variables were the same then I would say that when fear reaches 30% history would repeat, but we have a lot more newbies inc nowadays so it's impossible to predict.
I would even go so far as to predict hacks on foreign exchanges when they reach the level that mtgox had reached at the time.
Life's a cruel teacher, son. First the exam, then the lesson.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Listen to both parts, they both make sense, hear out their arguments, and make a balanced decision.
Don't let them take you over!
Don't let them take you over!
Logic keeps balance
Which one is stronger 
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