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Newton’s Financial Misadventures in the South Sea Bubble [pdf]

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Re: Newton’s Financial Misadventures in the South Sea Bubble [pdf]

#31

Post by mathgenius »

dnautics wrote: post #12
charlesdm wrote: post #8

Earlier quoted context omitted.

1. Most bubbles are not global but geographically restricted in some way; crypto is global. 2. There is some value to Blockchain technology, so the value is not $0. 3. When comparing, given all of these assets had a starting value of effectively $0 at launch, you should probably look at them from an angel investment PoV. Peter Thiel got similar returns when investing in Facebook. I'm not saying crypto is (entirely) c…

Most bubbles are debt driven phenomena. I'm not entirely convinced people are playing the crypto market en masse using debt based instruments (besides the dollar itself, which is our point of reference anyways).

The most successful exchanges offer leverage: bitfinex, poloniex, bithumb (i think).

Re: Newton’s Financial Misadventures in the South Sea Bubble [pdf]

#32

Post by SimbaOnSteroids »

Gargoyle wrote: post #21
pimmen wrote: post #7

Earlier quoted context omitted.

Because markets move quicker than they did in the 18th century. These bubbles have progressively grown and collapsed quicker and quicker with the introduction of railways, telegraphs, phones, improvements in printing presses, radio, television and finally the Internet. The pattern is still the same. You can look at Railway Mania, the Oil boom of the mid 1800s, the Florida property boom, the airline boom of the early…

Cryptokitties might be seen to have continued that trend on an even faster scale!

Idk I like the idea of a crypto collectible even if genetic crypto kitties misses the mark.

Re: Newton’s Financial Misadventures in the South Sea Bubble [pdf]

#33

Post by godelmachine »

kasey_junk wrote: post #29
godelmachine wrote: post #24

Earlier quoted context omitted.

Agree with you, but I always thought highly of Newton coz he died a virgin. Not that I aspire to be like him :D But he was a hardcore scientist through & through. Maybe that's why I always thought of him as "out of this world" genius.

That “he was a virgin” thing was largely rumored because he never married and didn’t have known long term relationships with women. He did of course have lots of long term relationships with men, including living with several. But claiming he wasn’t a virgin because of this would have been considered very odd at the time. At the end of the day, it’s impossible to know what his love life was like from our point in his…

>> He did of course have lots of long term relationships with men, including living with several

You mean to imply he was possibly homosexual?

Hearing this for the first time in my life.

Re: Newton’s Financial Misadventures in the South Sea Bubble [pdf]

#34

Post by godelmachine »

ShabbosGoy wrote: post #27
godelmachine wrote: post #24

Earlier quoted context omitted.

Agree with you, but I always thought highly of Newton coz he died a virgin. Not that I aspire to be like him :D But he was a hardcore scientist through & through. Maybe that's why I always thought of him as "out of this world" genius.

> Agree with you, but I always thought highly of Newton coz he died a virgin. What? That’s why you think highly of him? Not because of his contribution to Physics and Newtonian mechanics? That’s really strange.

No, you got me very wrong.

I thought he was a nerd, who disliked socializing and kept to himself in his home doing & reading science. Also thought he was hardcore introvert.

Had I been like him the past few years, I would had achieved what I had set out to. Instead I pursued dames in my college & set out on romantic adventures.

Was of the opinion that all super successful scientists & engineers had the same MO, & I always thought of Newton to be like that.

Re: Newton’s Financial Misadventures in the South Sea Bubble [pdf]

#35

Post by dnautics »

charlesdm wrote: post #14
dnautics wrote: post #12

Earlier quoted context omitted.

Most bubbles are debt driven phenomena. I'm not entirely convinced people are playing the crypto market en masse using debt based instruments (besides the dollar itself, which is our point of reference anyways).

Maybe not directly, but indirectly? If I have $10m of unrealised gains in the stock market, I can easily borrow $500k against that at near free interest rates to invest that in Bitcoin. I have a friend who did that, and he has done well. So it's definitely happening.

This is going to happen more, especially as mainstream finance gets in the game, but I don't suspect it's common. Also note that the leveraging in your case is inverse. 500k against 10M is 5% leverage, Forex trades are done with 1000%, 10000% leverage...

Re: Newton’s Financial Misadventures in the South Sea Bubble [pdf]

#36

Post by drharby »

godelmachine wrote: post #33
kasey_junk wrote: post #29

Earlier quoted context omitted.

That “he was a virgin” thing was largely rumored because he never married and didn’t have known long term relationships with women. He did of course have lots of long term relationships with men, including living with several. But claiming he wasn’t a virgin because of this would have been considered very odd at the time. At the end of the day, it’s impossible to know what his love life was like from our point in his…

>> He did of course have lots of long term relationships with men, including living with several You mean to imply he was possibly homosexual? Hearing this for the first time in my life.

That is the implication
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