Bitcoin's gone a bit quiet

pjcox2005

@worldtraveler - has the stages graph been modelled on bitcoin, or does it hold up for other bubbles like dot com etc in the past?

worldtraveller

pjcox2005 wrote: »

@worldtraveler - has the stages graph been modelled on bitcoin, or does it hold up for other bubbles like dot com etc in the past?

No, Jean-Paul Rodrigue published this some time back in his book, "The Geography of Transport Systems", which was first published in 2006. It can be applied to earlier "bubbles", including the likes of web/tech stocks (deflated in 2000), U.S. real estate (deflated in 2006) & commodities (deflated in 2008).

Stages in a Bubble - The Geography of Transport Systems
Jean-Paul Rodrigue

The one I always remember from my economics studies was the South Sea Bubble (1720), but "Gouda Tulip Bulbs" was another earlier bubble.

planteria

sabretoothtigger wrote: »

Those in power now or possibly even a flaw in the protocol by the originator Satoshi.

However its open source which means adaption and improvisation is open, the market itself can determine a different direction.

...exactement. no lapse of judgement. that there is no one 'in power' is the point.

it did dip that low worldtraveller, but is back well above $8000 again now. i am tempted to have a dabble, but want to see another drop before i do so. fwiw i can see both sides of this debate, but i expect some serious money will be made with CCs this year.

coastline

pjcox2005 wrote: »

@worldtraveler - has the stages graph been modelled on bitcoin, or does it hold up for other bubbles like dot com etc in the past?

FTSE share Provident recently..

TBC15

I give up. What am I looking at?

Edit Apart from the obvious, graphs.

badger09

TBC15 wrote: »

I give up. What am I looking at?

Edit Apart from the obvious, graphs.

A newbie investor's ECG over the last few days?

Alexland

badger09 wrote: »

A newbie investor's ECG over the last few days?

Nice one. I was feeling pretty relaxed about the market movements and was updating my spreadsheets with revised asset data until I was stupid enough to see that Zoopla reckon our house has gone down in value nearly £40k in the past week for no obvious reason - which is completely useless information as we only have a small mortgage left and don't intend to move for at least 20 years. Still a bit annoying.

Alex

ValiantSon

Alexland wrote: »

Nice one. I was feeling pretty relaxed about the market movements and was updating my spreadsheets with revised asset data until I was stupid enough to see that Zoopla reckon our house has gone down in value nearly £40k in the past week for no obvious reason - which is completely useless information as we only have a small mortgage left and don't intend to move for at least 20 years. Still a bit annoying.

Alex

I shouldn't worry; Zoopla's valuations are absolutely meaningless.

Alexland

ValiantSon wrote: »

I shouldn't worry; Zoopla's valuations are absolutely meaningless.

I know but it's just an easy number to stick in a spreadsheet to see my total asset position. It doesn't matter if it's a bit wrong as I am not planning on selling the property at the Zoopla price. So even though I know its meaningless somehow it has annoyed me.

ValiantSon

Alexland wrote: »

I know but it's just an easy number to stick in a spreadsheet to see my total asset position. It doesn't matter if it's a bit wrong as I am not planning on selling the property at the Zoopla price. So even though I know its meaningless somehow it has annoyed me.

How do you think I feel when they tell me that the 3 bed detached house down the road is worth £140,000 more than my 5 bed detached house? This would be the same house that sold seven months ago for £175,000 less than they say it is now worth. (Honestly, I'm not bothered, but I do find it quite funny. How can they be so wrong?).