Bitcoin & Greece
Does the human psyche change?
1)Greece has been the bubble of the last decade
2) In 99 everyone in Greece and i mean EVERYONE was playing the stock market expecting to become rich and stay that way forever, even my grandmother at that point around 80 wanted to join.
3) 2003 the bubble burst BUT most returned when the index went up and played ALL-IN thinking the worse is BEHIND us
4) Greece had an insane euphoria ERA from 2004-2007
a) Winning the Euro 2004
b) Hosting Olympic Games 2004
c) Won the Eurobasket 2005
d) Won Eurovision contest in 2005
e) Even beat USA in World Basket !!!
*The main point is society was at the PEAK euphoria it has ever been since WW2
Real estate was booming / bubbling everyone was happy as hell and our Debt to GDP ratio was growing larger and larger! We were consuming more than we could produce + We lied in our metrics
Then reality came in...
When that happened Greece was forced to sell the majority of it's assets and has been under a 10 year Accumulation! We talking about a whole country here! The whole country changed hands!!!
This is a very chaotic thinking pattern it does not mean anyting just wanted to point out how psychology might simply repeat itself over and over and if BTC has any future now that Institutions are allowed to participate and hedge via futures this could be the case here as well
There is at the moment too much global retail hype and participation do you think this wont end without pain? both in price and in time...
The only real advantage "smart money" or "institutions" you name it has over the average guy is TIME! they have infinite time! we dont... and when middle life hits things get even harder!
All the above are purely in my imagination they dont mean anything do your own research and analysis just wanted to share a chaotic thinking pattern.
1)Greece has been the bubble of the last decade
2) In 99 everyone in Greece and i mean EVERYONE was playing the stock market expecting to become rich and stay that way forever, even my grandmother at that point around 80 wanted to join.
3) 2003 the bubble burst BUT most returned when the index went up and played ALL-IN thinking the worse is BEHIND us
4) Greece had an insane euphoria ERA from 2004-2007
a) Winning the Euro 2004
b) Hosting Olympic Games 2004
c) Won the Eurobasket 2005
d) Won Eurovision contest in 2005
e) Even beat USA in World Basket !!!
*The main point is society was at the PEAK euphoria it has ever been since WW2
Real estate was booming / bubbling everyone was happy as hell and our Debt to GDP ratio was growing larger and larger! We were consuming more than we could produce + We lied in our metrics
Then reality came in...
When that happened Greece was forced to sell the majority of it's assets and has been under a 10 year Accumulation! We talking about a whole country here! The whole country changed hands!!!
This is a very chaotic thinking pattern it does not mean anyting just wanted to point out how psychology might simply repeat itself over and over and if BTC has any future now that Institutions are allowed to participate and hedge via futures this could be the case here as well
There is at the moment too much global retail hype and participation do you think this wont end without pain? both in price and in time...
The only real advantage "smart money" or "institutions" you name it has over the average guy is TIME! they have infinite time! we dont... and when middle life hits things get even harder!
All the above are purely in my imagination they dont mean anything do your own research and analysis just wanted to share a chaotic thinking pattern.
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