You are viewing a single comment's thread from:

RE: Shit-Show: Nouriel Roubini States We’re Cyber-Terrorists!

in #steemit7 years ago (edited)

"as savvy techs now realise"

He's just talking about himself and stroking his own ego.

It's easy to be positive in a bull market and it's it's easy to be negative in a bear market. The real point isn't if it goes up or down it's why, and these people think they're being validated now because that's what they're looking for. They're not looking to make sure it's going down for the same reason they think it's going down, they're too busy slapping themselves on the back. But if the price goes up or down and it's not doing it for the reason you thought, then you aren't actually right if you said it was going to. It's like if a gambler says they have some magic system and just happens to be be right one time, they aren't actually right, and sooner or later reality will diverge from their delusion and cost them.

You notice the biggest negative voices all said it was due a correction and here we are correcting. They said it could go to $50,000 - $200,000 so even right now by their own measure this is just a correction to something much higher.

Also consider that they've compared it to the dot.com bubble as well as tulips which aren't comparable at all. The dot com crash recovered higher than before, tulips (if it happened at all) didn't. It can't be both but the fact that they use both reveals their irrational emotion-based reasoning.

Sort:  

Well! This comment is worth another post in its own... to the top you go!

Coin Marketplace

STEEM 0.20
TRX 0.15
JST 0.030
BTC 64884.95
ETH 2619.31
USDT 1.00
SBD 2.82