A brief visual intro the biggest currency bubble, Bitcoin.

#1

Post by skhamkar » Fri, Apr 26, 2013, 3:30 PM UTC

A brief visual intro the biggest currency bubble, Bitcoin.
graphnote.com

Re: A brief visual intro the biggest currency bubble, Bitcoin.

#2

Post by bayesianhorse » Fri, Apr 26, 2013, 3:42 PM UTC

I wonder what would have happened to the Internet if it had been called a bubble as persistently as bitcoin is...

It's almost as if "real" economists have an emotional need to say "I'm not stupid! I can recognize an obvious bubble!"

Re: A brief visual intro the biggest currency bubble, Bitcoin.

#3

Post by skhamkar » Fri, Apr 26, 2013, 3:49 PM UTC

bayesianhorse wrote: post #2

I wonder what would have happened to the Internet if it had been called a bubble as persistently as bitcoin is... It's almost as if "real" economists have an emotional need to say "I'm not stupid! I can recognize an obvious bubble!"

Seems like everyone is looking to call something a "bubble" after 2008. In this case, this type of increase and crash seems to correlate with other bubbles like the 1987 crash or the Japanese crash in 1989.