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Title: Permanently High Plateau? Post by: bitfon on July 10, 2011, 03:43:13 PM Here's a chart of Japanese land prices during their boom and bust cycle. The US housing market seems to have followed a similar pattern.
If Bitcoin follows a similar trajectory, where do you think we are on the curve? https://i.imgur.com/7JR6w.jpg Title: Re: Permanently High Plateau? Post by: angelo95 on July 11, 2011, 07:34:22 AM There is no chart. And why are you comparing the housing market with bitcoin? Just because it's increasing? Why not the apple stock? Or the fuel price?
Title: Re: Permanently High Plateau? Post by: opticbit on July 12, 2011, 07:24:55 AM why not hair length.
I will Let my hair grow with the price of BTC, when it crashes I will cut my hair. I'm only serious about letting my hair grow if I get a few btc/day donation to the cause. its currently about 3/4 in or 18mm If it gets long enough I'll donate the long hair to cancer or who ever collects it. Title: Re: Permanently High Plateau? Post by: billyjoeallen on July 12, 2011, 05:11:48 PM The phrase "permanently high plateau" was first popularized by famous economist Irving Fischer. Fischer claimed that the Stock market had reached the PHP just prior to the Wall Street crash on 1929.
Investors and economist know that whenever the PHP phrase starts being used, that the bull market has quite probably jumped the shark. Title: Re: Permanently High Plateau? Post by: hugolp on July 12, 2011, 05:56:58 PM The phrase "permanently high plateau" was first popularized by famous economist Irving Fischer. Fischer claimed that the Stock market had reached the PHP just prior to the Wall Street crash on 1929. Investors and economist know that whenever the PHP phrase starts being used, that the bull market has quite probably jumped the shark. Exactly. They just said something similar in Australia regarding housing prices, so you know the australian housing bubble is about to crash. The real state agents are already failing to provide the prices they are selling the houses for as required by law. Now that China housing bubble is about to pop now, the only big housing bubble that is left is the canadian one. I wonder when will Canada crash. Title: Re: Permanently High Plateau? Post by: billyjoeallen on July 12, 2011, 06:57:07 PM The phrase "permanently high plateau" was first popularized by famous economist Irving Fischer. Fischer claimed that the Stock market had reached the PHP just prior to the Wall Street crash on 1929. Investors and economist know that whenever the PHP phrase starts being used, that the bull market has quite probably jumped the shark. Exactly. They just said something similar in Australia regarding housing prices, so you know the australian housing bubble is about to crash. The real state agents are already failing to provide the prices they are selling the houses for as required by law. Now that China housing bubble is about to pop now, the only big housing bubble that is left is the canadian one. I wonder when will Canada crash. Prices in Vancouver are ridiculously high when compared to equivalent rent. The bubble pops when the pool of greater suckers is exhausted. Title: Re: Permanently High Plateau? Post by: bitfon on July 12, 2011, 11:12:00 PM Sorry, fixed the image in the original post.
It seems that in any rapidly growing market there's always talk of 'bubbles'. In Japan and the US, there was 'bubble talk' about the housing market long before the peak. Then at the peak the conventional wisdom was that of a 'permanently high plateau'. And on the way down, the conventional wisdom was 'never a better time to buy'. Is bitcoin following a similar trajectory? Where are we in the cycle? Title: Re: Permanently High Plateau? Post by: billyjoeallen on July 13, 2011, 12:27:37 AM Sorry, fixed the image in the original post. It seems that in any rapidly growing market there's always talk of 'bubbles'. In Japan and the US, there was 'bubble talk' about the housing market long before the peak. Then at the peak the conventional wisdom was that of a 'permanently high plateau'. And on the way down, the conventional wisdom was 'never a better time to buy'. Is bitcoin following a similar trajectory? Where are we in the cycle? Have you stopped beating your wife yet? Title: Re: Permanently High Plateau? Post by: Grinder on July 18, 2011, 08:47:31 AM Have you stopped beating your wife yet? I'll take that as a vote for "totally new paradigm".Title: Re: Permanently High Plateau? Post by: billyjoeallen on July 18, 2011, 04:06:01 PM Have you stopped beating your wife yet? I'll take that as a vote for "totally new paradigm".We're not in the cycle. Title: Re: Permanently High Plateau? Post by: thefunkybits on September 05, 2013, 06:10:33 AM are we in the cycle yet?
Title: Re: Permanently High Plateau? Post by: bitcoin carpenter on September 05, 2013, 06:19:26 AM The phrase "permanently high plateau" was first popularized by famous economist Irving Fischer. Fischer claimed that the Stock market had reached the PHP just prior to the Wall Street crash on 1929. Investors and economist know that whenever the PHP phrase starts being used, that the bull market has quite probably jumped the shark. Exactly. They just said something similar in Australia regarding housing prices, so you know the australian housing bubble is about to crash. The real state agents are already failing to provide the prices they are selling the houses for as required by law. Now that China housing bubble is about to pop now, the only big housing bubble that is left is the canadian one. I wonder when will Canada crash. Prices in Vancouver are ridiculously high when compared to equivalent rent. The bubble pops when the pool of greater suckers is exhausted. Get real canadas real estate IS on a permanently high plateau Title: Re: Permanently High Plateau? Post by: afbitcoins on September 05, 2013, 09:53:53 PM Here's a chart of Japanese land prices during their boom and bust cycle. The US housing market seems to have followed a similar pattern. If Bitcoin follows a similar trajectory, where do you think we are on the curve? https://i.imgur.com/7JR6w.jpg Nice chart! If bitcoin follows a similar trajectory theres 10 more years of rising price ahead, which puts us right at the beginning 8) Title: Re: Permanently High Plateau? Post by: notme on September 06, 2013, 12:32:15 AM It's better to rent
Title: Re: Permanently High Plateau? Post by: samson on September 06, 2013, 01:46:32 PM 'Never a better time to buy'
Title: Re: Permanently High Plateau? Post by: Xiaoma on September 06, 2013, 02:19:04 PM 'Never a better time to buy' the first one or the second? ;D |
