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Wrong question. When everyone is invested is it a bubble? When everyone is invested in bitcoin going up, it will keep increasing. Stop calling them tulips. The

Wrong question. When everyone is invested is it a bubble? When everyone is invested in bitcoin going up, it will keep increasing. Stop calling them tulips. The most “educated” answer is that you don’t understand them. Stop pretending you do. A thing like this is the first off, many rules of economics don’t apply.

infinite8s 9y ago
When people start saying the rules of economics don't apply this time, that's usually a good sign of a bubble.
- paulgb 9y ago
  "The price of Bitcoin is solid, there's a mathematically guaranteed finite supply" - 2017 "The price of land is solid, they aren't making more of it" - 2007
  - marshray 9y ago
    Land has inherent utility, Bitcoin has inherent costs, notably energy.
- adamnemecek 9y ago
  It's not tho. What would you say was the economic system even comparable with Bitcoin?
  - infinite8s 9y ago
    Huh? Bitcoin is a finite resource. There's lots of examples of finite resources (land, for example).
    - adamnemecek 9y ago
      Is land used as currency?
      - Tiksi 9y ago
        Is bitcoin? There's probably been more purchases value wise in land than in bitcoin. And it is/was used as currency.
paulgb 9y ago
> When everyone is invested in bitcoin going up, it will keep increasing. Tragedy of the commons. Even if I "want" the price of bitcoin to go up, any dollar I invest in Bitcoin will only increase the value that I actually capture by an infinitesimal amount.
marshray 9y ago
> Wrong question. When everyone is invested is it a bubble? No. Once everyone is invested the pool of potential new investors has been exhausted and the bubble pops.
kamaal 9y ago
>>A thing like this is the first off Bubbles are generally about Human psychology not about the underlying asset. Tulips, student loans, homes, internet domains, websites etc etc. The problem there is really Human psychology. For that matter people still continue to take student loans, buy homes, buy tulips or whatever. Its just not at the bubble prices.

infinite8s 9y ago

When people start saying the rules of economics don't apply this time, that's usually a good sign of a bubble.

paulgb 9y ago
"The price of Bitcoin is solid, there's a mathematically guaranteed finite supply" - 2017 "The price of land is solid, they aren't making more of it" - 2007
- marshray 9y ago
  Land has inherent utility, Bitcoin has inherent costs, notably energy.
adamnemecek 9y ago
It's not tho. What would you say was the economic system even comparable with Bitcoin?
- infinite8s 9y ago
  Huh? Bitcoin is a finite resource. There's lots of examples of finite resources (land, for example).
  - adamnemecek 9y ago
    Is land used as currency?
    - Tiksi 9y ago
      Is bitcoin? There's probably been more purchases value wise in land than in bitcoin. And it is/was used as currency.

paulgb 9y ago

> When everyone is invested in bitcoin going up, it will keep increasing. Tragedy of the commons. Even if I "want" the price of bitcoin to go up, any dollar I invest in Bitcoin will only increase the value that I actually capture by an infinitesimal amount.

marshray 9y ago

> Wrong question. When everyone is invested is it a bubble? No. Once everyone is invested the pool of potential new investors has been exhausted and the bubble pops.

kamaal 9y ago

>>A thing like this is the first off Bubbles are generally about Human psychology not about the underlying asset. Tulips, student loans, homes, internet domains, websites etc etc. The problem there is really Human psychology. For that matter people still continue to take student loans, buy homes, buy tulips or whatever. Its just not at the bubble prices.