Permanently High Plateau?

[bitfon]

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?

[1713265005]

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[angelo95]

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?

[opticbit]

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.

[billyjoeallen]

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.

[hugolp]

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.

[billyjoeallen]

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.

[bitfon]

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?

[billyjoeallen]

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?

[Grinder]

Have you stopped beating your wife yet?

I'll take that as a vote for "totally new paradigm".

[billyjoeallen]

Have you stopped beating your wife yet?

I'll take that as a vote for "totally new paradigm".

We're not in the cycle.

[thefunkybits]

are we in the cycle yet?

[bitcoin carpenter]

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

[afbitcoins]

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?

Nice chart! If bitcoin follows a similar trajectory theres 10 more years of rising price ahead, which puts us right at the beginning

 

[notme]

It's better to rent

[samson]

'Never a better time to buy'

[Xiaoma]

'Never a better time to buy'

the first one or the second?