NASDAQ vs BTC

[Tranz]

This maybe have been posted before, if so sorry, but I thought it was pretty cool. Just happened to be explaining to my wife the NASDAQ Y2k bubble, and showed her the chart, and I knew it looked it looked familiar!

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[bitcon]

wait wait wait...  you have a wife? i thought all bitcoiners were nerds living in their moms basement like me.   Bitcoin has sure come a long way!

[lavalampoon]

This maybe have been posted before, if so sorry, but I thought it was pretty cool. Just happened to be explaining to my wife the NASDAQ Y2k bubble, and showed her the chart, and I knew it looked it looked familiar!

http://i44.tinypic.com/o6i5qt.jpg

The interesting part of the graphs you showed is that on second look you notice that the bitcoin price is actually a predictor of what comes next for the NASDAQ chart. The bitcoin chart shows a downtrend of red before recovering, and the NASDAQ chart hasn't yet reached that downtrend. Compare each rise and fall one by one to see what I mean.

[ronimacarroni]

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

[notme]

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

People overinvesting in things they don't understand is pretty much what defines a bubble.

[b!z]

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

It was a bubble. Anybody would tell you that.

[LiteCoinGuy]

i dont think that you can compare these charts in any way.

[ronimacarroni]

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

It was a bubble. Anybody would tell you that.

well I guess what I'm trying to say that it wasn't necessarily a bad bubble.
I mean companies like google and amazon came out of it.
Unlike the real estate bubble, which was propped up by government housing subsidies.

[Carlton Banks]

[Tranz]

My take from the two charts, is this;  NASDAQ took decades to blast off and then begin solid forward movement. BTC is doing the same thing in years.

[Tranz]

wait wait wait...  you have a wife? i thought all bitcoiners were nerds living in their moms basement like me.   Bitcoin has sure come a long way!

I do have a wife. Beauty too! 

[frankenmint]

My take from the two charts, is this;  NASDAQ took decades to blast off and then begin solid forward movement. BTC is doing the same thing in years.

wow guys thats really prolific - put in a small egg now and retire in years not decades! Beyond pure btc investments, there are also btc company asset shares that can be purchased from bitfunder.  We've even got Rich Winklevoss twins pushing for a public btc etf...those should all be signals to buy in now...not after its too late and they are 3k a coin mainstream.  (3k is a wild fantasy of a guess and i'd likely cash out long before they hit that value)

[viboracecata]

Not only NASDAQ, the global stock market rise, the price of bitcoin go up, otherwise the price fall.

I noticed this before.

[wopwop]

Were you posting this to tell us you have a wife or the correlation of the two charts? I'd bet on the first if it was verifiable.

[Tranz]

Were you posting this to tell us you have a wife or the correlation of the two charts? I'd bet on the first if it was verifiable.

I guess I didn't realize that being married was such a big deal here.  

[DeathAndTaxes]

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

Unintentionally funny.  Saying something is not X and then "proving it" by describing X.

[notme]

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

It was a bubble. Anybody would tell you that.

well I guess what I'm trying to say that it wasn't necessarily a bad bubble.
I mean companies like google and amazon came out of it.
Unlike the real estate bubble, which was is propped up by government housing subsidies.

FTFY

$85 Billion a month in Mortgage Backed Securities sound familiar?

[imrer]

You can't compare these two graphs. They only shows the same phenomenon which is bubbles. They are everywhere and that's nothing wrong about it. I believe some time later there will be another btc bubble. 

[Vycid]

If you toast enough pieces of bread you'll end up with an image of Jesus.

[muasktak10]

wait wait wait...  you have a wife? i thought all bitcoiners were nerds living in their moms basement like me.   Bitcoin has sure come a long way!

Will you marry me?