Is anyone else starting to become a bit worried? mod note in first post

TheAnalyst_ · 16-10-2018 09:57PM

el diablo wrote: »

Have to laugh at the bitter, salty no-coiners who missed out on the massive gains and therefore choose to bash crypto and blockchain technology. Still not too late for you to educate yourself in the crypto space as we're still very early adopters here.

I've been on top of it since 2011. They're good for buying drugs and not much else.

Sure you can make some decent wedge on it but the same playing roulette.

sexmag · 16-10-2018 10:06PM

TheAnalyst_ wrote: »

I've been on top of it since 2011. They're good for buying drugs and not much else.

Sure you can make some decent wedge on it but the same playing roulette.

2011? Really? What were you in top off then? Seeing as there were only 4 available and if you invested you'd be a multi-billionare right now and would hardly be calling them magic coins that are just good for buying drugs

Maybe research the drivel you're trying to talk about before commenting absolute ****e

el diablo · 16-10-2018 10:07PM

TheAnalyst_ wrote: »

I've been on top of it since 2011. They're good for buying drugs and not much else.

Sure you can make some decent wedge on it but the same playing roulette.

So you're basically telling us that you've learnt absolutely nothing about crypto despite being aware of it since 2011. You're clearly bitter that you've missed out on the massive gains. If only you'd jumped on board in 2011.

TheAnalyst_ · 16-10-2018 10:09PM

sexmag wrote: »

2011? Really? What were you in top off then? Seeing as there were only 4 available and if you invested you'd be a multi-billionare right now and would hardly be calling them magic coins that are just good for buying drugs

Maybe research the drivel you're trying to talk about before commenting absolute ****e

Have you heard of Bitcoin? It was pretty well known in 2011.
https://www.cnbc.com/id/4382364

Most reasonable people saw it as a load of volatile ****e. As I said I invested in plenty of it for about 20 minutes before using it for an actual purpose.

I've known a good few crypto bros that had an almost religious obsession with it. They invested heavily when things got heated and have lost about 50% of their life savings. I'm sure that same story has been replicated many times in this thread. lol.

Dr Bolouswki · 16-10-2018 10:15PM

TheAnalyst_ wrote: »

lol.

Dick.

sexmag · 16-10-2018 10:21PM

TheAnalyst_ wrote: »

Have you heard of Bitcoin? It was pretty well known in 2011.
https://www.cnbc.com/id/4382364

Most reasonable people saw it as a load of volatile ****e. As I said I invested in plenty of it for about 20 minutes before using it for an actual purpose.

I've known a good few crypto bros that had an almost religious obsession with it. They invested heavily when things got heated and have lost about 50% of their life savings. I'm sure that same story has been replicated many times in this thread. lol.

Yeah bitcoin and at which point if you held it like the vast majority of people did then you'd have benefited....or like you're trying to imply you used it for "drugs", let me guess silk road yeah? Again up.ans running on 2011 and shut down a few years after.

You're last quote is the main reason you're here, you are one of them or at least know someone who was, their own fault really if they lost out, always invest what you can afford to lose,life savings? Only fool here is them

Bigmac1euro · 16-10-2018 10:22PM

TheAnalyst_ wrote: »

Have to laugh at you lads consistently losing your arse on magic coins.

I bet you drive an Audi

TheAnalyst_ · 16-10-2018 10:32PM

steo_magra wrote: »

I bet you drive an Audi

I did and will soon. Invested my money wisely in low interest savings and property backed by 1.4% mortgage rates.

Bigmac1euro · 16-10-2018 10:33PM

TheAnalyst_ wrote: »

I did and will soon.

I knew it lol

16-10-2018 11:22PM

steo_magra wrote: »

I knew it lol

Do you drive a Lamborghini?..

LoLth · 16-10-2018 11:53PM

mod note

Enough please. The discussion here is on crypto currency , not the stupid stereotypes and pop psychology of those that invest or those that do not.

Stop the ad hominems and stop deriding the posters. This applies to everyone.

@Analyst : I'm not sure why you have decided to start posting here. However, you are not off to a good start. I think you need to step back and reconsider your approach to interaction on this forum.

Dohnjoe · 17-10-2018 01:02AM

TheAnalyst_ wrote: »

Have you heard of Bitcoin? It was pretty well known in 2011.
https://www.cnbc.com/id/4382364

Most reasonable people saw it as a load of volatile ****e. As I said I invested in plenty of it for about 20 minutes before using it for an actual purpose.

I've known a good few crypto bros that had an almost religious obsession with it. They invested heavily when things got heated and have lost about 50% of their life savings. I'm sure that same story has been replicated many times in this thread. lol.

I know plenty of people who FOMO'd into the classic bubbles of 2013 and end of 2017, they lost money (excluding those who held since 2013)

I also know a lot of people who didn't FOMO in. Some of them have very large stacks. I am pretty cynical about it myself, but the money you can make from it is real. Perhaps detecting a sense of bitterness?

makeorbrake · 17-10-2018 03:24AM

Dohnjoe wrote: »

I know plenty of people who FOMO'd into the classic bubbles of 2013 and end of 2017, they lost money (excluding those who held since 2013)

I also know a lot of people who didn't FOMO in. Some of them have very large stacks. I am pretty cynical about it myself, but the money you can make from it is real.

Binance's Changpeng Zhao sold his house in 2014 to buy Bitcoin. The price went from $600 to $200. He didn't sell.

It may sound reckless - I'm not suggesting it! - but the guy clearly has a 'particular set of skills' to build a business like Binance - which is expected to turn in a $1 billion profit this year (despite the bear market).

I'm not for one minute suggesting everyone try and emulate that but I guess the point I'm making is that risky investments like that may be moronic or pure technological and financial conviction. By all means don't do that but also don't come on here and scoff at people expressing an active interest in buying into crypto - literally or otherwise.
(I don't mean you Dohnjoe - well, they know who they are!)

Pussyhands · 17-10-2018 08:45AM

makeorbrake wrote: »

Binance's Changpeng Zhao sold his house in 2014 to buy Bitcoin. The price went from $600 to $200. He didn't sell.

It may sound reckless - I'm not suggesting it! - but the guy clearly has a 'particular set of skills' to build a business like Binance - which is expected to turn in a $1 billion profit this year (despite the bear market).

I'm not for one minute suggesting everyone try and emulate that but I guess the point I'm making is that risky investments like that may be moronic or pure technological and financial conviction. By all means don't do that but also don't come on here and scoff at people expressing an active interest in buying into crypto - literally or otherwise.
(I don't mean you Dohnjoe - well, they know who they are!)

Binance CEO made his money. He said in September the Crypto market will absolutely grow x1000, a 200 trillion market...

Dohnjoe · 17-10-2018 08:55AM

Pussyhands wrote: »

Binance CEO made his money. He said in September the Crypto market will absolutely grow x1000, a 200 trillion market...

And according to dozens of economists and financial pundits we're supposed to have been deep in a financial crisis around now

Predictions in crypto are a dime a dozen, most are wishful thinking

JJJJNR · 17-10-2018 11:02AM

Dohnjoe wrote: »

And according to dozens of economists and financial pundits we're supposed to have been deep in a financial crisis around now

Predictions in crypto are a dime a dozen, most are wishful thinking

October is historically when a recession starts, we are coming to an end of positive gains for 10 years, so the recession has already started. The masses are not being told about it, the classes are, hence you have tax breaks for the rich in the us at the end of the bubble.

Thats not a prediction its a fact.

Dohnjoe · 17-10-2018 11:33AM

JJJJNR wrote: »

October is historically when a recession starts, we are coming to an end of positive gains for 10 years, so the recession has already started. The masses are not being told about it, the classes are, hence you have tax breaks for the rich in the us at the end of the bubble.

Thats not a prediction its a fact.

Yikes, well I work with dozens of financial analysts, I'll make sure to update them

JJJJNR · 17-10-2018 11:48AM

Well they should know its leaving cert economics.

Bob24 · 17-10-2018 11:54AM

JJJJNR wrote: »

Well they should know its leaving cert economics.

Basic economics tell me about economic cycles and the fact that exonomies usually go through successive growth and recession periods - hence we are likely due for a recession at some point.

It doesnt tell me however that “the recession has already started”.

JJJJNR · 17-10-2018 11:59AM

You need to know whats happening out there in the real world, thats what will tell you the recession has already started.

LoLth · 17-10-2018 12:00PM

JJJJNR wrote: »

Well they should know its leaving cert economics.

sorry, in leaving cert economics they teach that Recessions always start in October and that there is a set global boom-bust cycle of ten years? (or is it only in the leaving cert that the "classes" sit and not the one that everyone else that is being lied to sits.)

Discussion allows for speculation and hypothesis but your last two posts have left that way behind and belong closer to the conspiracy theory forum.

current predictions are 2020 with some speculating a smaller one sooner as a bounce from the US markets recent performance.

I would love to see the source of your "fact" (is it a fact-fact or a feeling-fact. or possibly a someone-posted-it-somewhere-and-I-have-no-idea-whether-or-not-they-are-in-any-way-better-informed-than-a-piece-of-cheese-fact?)

Bob24 · 17-10-2018 12:03PM

JJJJNR wrote: »

You need to know whats happening out there in the real world, thats what will tell you the recession has already started.

You just told us it is fact that a recessions has started and that it is backed by leaving cert economics.

I haven’t seen anything else in your posts to back-up what you call a fact.

JJJJNR · 17-10-2018 12:04PM

Do your own research into the subject, tell me why its not going to happen.

JJJJNR · 17-10-2018 12:14PM

Try googling "ireland soft landing"

Bob24 · 17-10-2018 12:16PM

JJJJNR wrote: »

Do your own research into the subject, tell me why its not going to happen.

You are the one saying it is already happening based on leaving cert economics.

I’m not saying no recession will happen (I am actually pretty sure it will at some point in the coming years); I’m saying besides your strange school reference you are not backing your claim that it is *already* happening.

JJJJNR · 17-10-2018 12:36PM

Bob24 wrote: »

You are the one saying it is already happening based on leaving cert economics.

I’m not saying no recession will happen (I am actually pretty sure it will at some point in the coming years); I’m saying besides your strange school reference you are not backing your claim that it is *already* happening.

JJJJNR wrote: »

You need to know whats happening out there in the real world, thats what will tell you the recession has already started.

As above

grindle · 17-10-2018 12:38PM

Whatever the prospective date of a future recession, does anybody here really think the financial crisis ended? That seems to me to be a short-sighted view of the crisis.

Debts were rearranged and burdens placed on taxpayers to sooth the minds of the wealthy, besides that little in the way of regulation has changed. World debt has been climbing since 2008, almost every country putting their hands into eachother's pockets like a bunch of destitute morons cribbing money from loansharks instead of working to reduce their debts to manageable levels. It's like they're trying to average their debt down by wishing and praying new capital will one day pay off and turn their debt into a smaller fraction of GDP.

Bob24 · 17-10-2018 01:11PM

grindle wrote: »

Whatever the prospective date of a future recession, does anybody here really think the financial crisis ended? That seems to me to be a short-sighted view of the crisis.

Debts were rearranged and burdens placed on taxpayers to sooth the minds of the wealthy, besides that little in the way of regulation has changed. World debt has been climbing since 2008, almost every country putting their hands into eachother's pockets like a bunch of destitute morons cribbing money from loansharks instead of working to reduce their debts to manageable levels. It's like they're trying to average their debt down by wishing and praying new capital will one day pay off and turn their debt into a smaller fraction of GDP.

I’d agree to separate the notions of recessions and financial crisis yes. Currently we are not technically in a recession, but it indeed doesn’t mean all the issues related to the financial crisis have been sorted.

As you said debt levels don’t exactly look great, and also while economic indicators have been good that is with many economies still filled by stinulus packages and growing inequalities.

All this means that if a similarilu strong recession was to materialise we would be in an even worse position than last time to handle it.

Bob24 · 17-10-2018 01:18PM

JJJJNR wrote: »

As above

“You need to know whats happening out there in the real world, thats what will tell you the recession has already started.” is a pretty good way to back a statement indeed!

I’ll keep it in mind as I think I’ll be able to reuse it a lot in any situation since it doesn’t require to quote any fact or explain one’s point of view.

I could for exemple say “You need to know whats happening out there in the real world, thats what will tell you the Irish economy will grow for another 10 years.” And if someone says I’m not backing my statement I’ll just tell them the onus is on them to explain why I’m wrong. I like this!

cnocbui · 17-10-2018 03:56PM

JJJJNR wrote: »

Do your own research into the subject, tell me why its not going to happen.

The US economy is going great. They are clearly not in recession. The UK is having a lot of problems - all of their own making, but is not in recession. The EU member states are plodding along, but are not in recession. Chna is not in recession, neither is Australia or Japan.

The economies that matter are not in recession, nor are there any signs that they have entered one. As others have already said, one is probably due fairly soon, but we're not there yet.

The recent kerfuffle with world stock markets was a correction and is unrelated.

Is anyone else starting to become a bit worried? mod note in first post

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