Bitcoin Forum
December 11, 2016, 04:35:18 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: del  (Read 1428 times)
myself
Guest

del
April 22, 2012, 01:55:41 AM
 #1

del
1481430918
Hero Member
*
Offline Offline

Posts: 1481430918

View Profile Personal Message (Offline)

Ignore
1481430918
Reply with quote  #2

1481430918
Report to moderator
1481430918
Hero Member
*
Offline Offline

Posts: 1481430918

View Profile Personal Message (Offline)

Ignore
1481430918
Reply with quote  #2

1481430918
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481430918
Hero Member
*
Offline Offline

Posts: 1481430918

View Profile Personal Message (Offline)

Ignore
1481430918
Reply with quote  #2

1481430918
Report to moderator
1481430918
Hero Member
*
Offline Offline

Posts: 1481430918

View Profile Personal Message (Offline)

Ignore
1481430918
Reply with quote  #2

1481430918
Report to moderator
1481430918
Hero Member
*
Offline Offline

Posts: 1481430918

View Profile Personal Message (Offline)

Ignore
1481430918
Reply with quote  #2

1481430918
Report to moderator
miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
April 22, 2012, 02:00:53 AM
 #2

Invalid comparison - completely different asset classes. If you were looking at a primary hardware supplier for Bitcoin operations, that might have relevance.
trogdorjw73
Hero Member
*****
Offline Offline

Activity: 481


View Profile WWW
April 22, 2012, 03:53:32 AM
 #3

Never mind the fact that Home Depot took three years to go from around $11 to nearly $70 before starting a downward trend that would last another three years (and coincided with the dot com bubble). Anyway, let's compare apples with steak and argue that since they're both food, they're similar. LOL

miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
April 22, 2012, 04:55:24 AM
 #4

lines are lines chart are charts no matter from where that chart come

There are often similar patterns in monetary value growth rates, but they are not necessarily due to the same factors. Bitcoin (quasi-commodity crypto-currency) is about as similar to Home Depot (construction supplies & tools) as a hula hoop (entertainment). The value denomination (USD) is the prime common element, and that isn't enough to draw conclusions or correlations.
bb113
Hero Member
*****
Offline Offline

Activity: 728


View Profile
April 22, 2012, 05:54:18 PM
 #5

lines are lines chart are charts no matter from where that chart come

There are often similar patterns in monetary value growth rates, but they are not necessarily due to the same factors. Bitcoin (quasi-commodity crypto-currency) is about as similar to Home Depot (construction supplies & tools) as a hula hoop (entertainment). The value denomination (USD) is the prime common element, and that isn't enough to draw conclusions or correlations.

I disagree, people buying and selling the thing as an investment is the prime common element.
miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
April 22, 2012, 07:37:55 PM
 #6

I disagree, people buying and selling the thing as an investment is the prime common element.

Yes, that's a universal reason, the qualitative aspect - a common monetary denomination is the quantitative element. Two sides of the same coin.
bb113
Hero Member
*****
Offline Offline

Activity: 728


View Profile
April 22, 2012, 07:50:15 PM
 #7

I disagree, people buying and selling the thing as an investment is the prime common element.

Yes, that's a universal reason, the qualitative aspect - a common monetary denomination is the quantitative element. Two sides of the same coin.

I think this factor may be very important. People buy or sell based on various indicators. Profitable strategies are copied and applied again later, unprofitable strategies die out (although there is a noob/sucker factor). If enough people are using the same strategies that made them money on home depot stock when trading bitcoin, it could produce a self-fulfilling prophecy, thus explaining (at least some of) the similarity.
Spekulatius
Legendary
*
Offline Offline

Activity: 1022



View Profile
April 22, 2012, 09:00:01 PM
 #8

Common chart patterns like hype cycles and mass psychology apply to any financial markets, no matter what the underlying security is.
When you compare different securities of any kind (especially NEW technology driven securities IMO) you will find similarities in their shape.

Some examples:

New technology stocks:

Cisco Systems


Tech. Stocks, Housing, Commodoties


Gold (1980)
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!