Tranz (OP)
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May the force bit with you.
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September 01, 2013, 03:14:10 AM |
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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
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September 01, 2013, 07:42:18 PM |
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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!
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lavalampoon
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September 02, 2013, 12:57:17 AM |
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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.jpgThe 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.
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ronimacarroni
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September 02, 2013, 01:27:59 AM |
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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
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notme
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September 02, 2013, 02:23:25 AM |
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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.
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b!z
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September 02, 2013, 11:46:57 AM |
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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.
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LiteCoinGuy
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In Satoshi I Trust
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September 02, 2013, 01:03:31 PM |
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i dont think that you can compare these charts in any way.
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ronimacarroni
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September 02, 2013, 07:52:09 PM |
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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.
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Carlton Banks
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September 02, 2013, 08:22:53 PM |
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Vires in numeris
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Tranz (OP)
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May the force bit with you.
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September 03, 2013, 04:37:50 AM |
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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.
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Tranz (OP)
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May the force bit with you.
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September 03, 2013, 04:38:59 AM |
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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!
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frankenmint
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HoneybadgerOfMoney.com Weed4bitcoin.com
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September 03, 2013, 07:38:08 AM |
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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)
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viboracecata
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Varanida : Fair & Transparent Digital Ecosystem
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September 03, 2013, 08:25:20 AM |
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Not only NASDAQ, the global stock market rise, the price of bitcoin go up, otherwise the price fall.
I noticed this before.
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wopwop
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September 03, 2013, 10:09:52 AM |
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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.
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Tranz (OP)
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May the force bit with you.
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September 03, 2013, 11:00:37 PM |
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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.
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DeathAndTaxes
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Gerald Davis
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September 03, 2013, 11:06:18 PM |
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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.
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notme
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September 04, 2013, 08:57:56 PM |
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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?
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imrer
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September 04, 2013, 11:27:28 PM |
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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.
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Vycid
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♫ the AM bear who cares ♫
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September 05, 2013, 02:54:06 AM |
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If you toast enough pieces of bread you'll end up with an image of Jesus.
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muasktak10
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September 07, 2013, 08:19:21 AM |
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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?
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