After the Bust, Are Bitcoins More Like Tulip Mania or the Internet?

Re:After the Bust, Are Bitcoins More Like Tulip Mania or the... by viraptor on Tuesday April 23, 2019 @08:13AM (#19727812)

It's all relative to something. During the Wall Street crash in 1929, Dow fell down only ~30%. Bitcoin lost ~70% from the peak. It's definitely a bust. (as in fall in value / no growth) You could say instead that it's just back to normal value after a period of abnormal pricing - but then what kind of asset has so much uncertainty that people can pump up the price 4-5x for months?

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Re:After the Bust, Are Bitcoins More Like Tulip Mania or the... by vibrato on Tuesday April 23, 2019 @08:47AM (#19728026)

Maybe it’s higher variance and higher expected value than the stock market. I don’t believe that but it’s certainly a conclusion you could draw from the price action. The overall return since inception is much better than the stock market at any similar time frame in history, even after multiple >50% pullbacks.

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Re:After the Bust, Are Bitcoins More Like Tulip Mania or the... by zamadatix on Tuesday April 23, 2019 @09:11AM (#19728216)

A single entity having higher variance than the average growth of the entire measured economy is not surprising.

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