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Author Topic: Bitcoin as a Lesson in Economics  (Read 2788 times)
andes
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June 16, 2011, 02:53:52 AM
 #21

What's your basis for believing this? Past performance is not an indicator of future growth...
I gave my resons below in the same post: Viral adoption for the following months.
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muad_dib
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June 16, 2011, 10:28:10 PM
 #22

I'm sure this is all Econ 101, but as far as the color of the volume bars, though, I must not be clear on what they represent and need to read up.

Please stop calling it economics.  This has NOTHING to do with economics.  trading != economics
Economics is about the operation of... surprise surprise... economies.  Trading is both finance and... trading, not economics.

Too many people on this board are confusing financial markets with an economy.

well if you consider bitcoin as a currency then yes, you are right.

But I see it more like a commodity, at least for now.
AyeYo
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June 16, 2011, 10:37:35 PM
 #23

I'm sure this is all Econ 101, but as far as the color of the volume bars, though, I must not be clear on what they represent and need to read up.

Please stop calling it economics.  This has NOTHING to do with economics.  trading != economics
Economics is about the operation of... surprise surprise... economies.  Trading is both finance and... trading, not economics.

Too many people on this board are confusing financial markets with an economy.

well if you consider bitcoin as a currency then yes, you are right.

But I see it more like a commodity, at least for now.


It doesn't matter what it is.  He's talking about trading strategy, chart reading, techinical analysis, etc.  That stuff has NOTHING to do with economics.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
iya
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June 16, 2011, 11:36:51 PM
 #24

I'm sure this is all Econ 101, but as far as the color of the volume bars, though, I must not be clear on what they represent and need to read up.

Please stop calling it economics.  This has NOTHING to do with economics.  trading != economics
Economics is about the operation of... surprise surprise... economies.  Trading is both finance and... trading, not economics.

Too many people on this board are confusing financial markets with an economy.

well if you consider bitcoin as a currency then yes, you are right.

But I see it more like a commodity, at least for now.


It doesn't matter what it is.  He's talking about trading strategy, chart reading, techinical analysis, etc.  That stuff has NOTHING to do with economics.

Isn't that statement a little strong? Maybe we just have different definitions of economics.
Trading is always about anticipating supply and demand and in many cases these depend very strongly on macroeconomics, e.g. currencies, stock indices, oil.
Technical trading reduces "technical" market inefficiencies, but just like fundamental trading it steers prices to better reflect reality.
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