NASDAQ vs BTC - page 2. | Bitcointalksearch.org

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: ronimacarroni on September 01, 2013, 08:27:59 PM

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.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: ronimacarroni on September 01, 2013, 08:27:59 PM

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.

ronimacarroni

full member

Activity: 140

Merit: 100

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

lavalampoon

newbie

Activity: 22

Merit: 0

Quote from: Tranz on August 31, 2013, 10:14:10 PM

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.

bitcon

legendary

Activity: 2212

Merit: 1008

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!

Tranz

legendary

Activity: 1540

Merit: 1060

May the force bit with you.

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!

Topic: NASDAQ vs BTC - page 2. (Read 6299 times)