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This chart shows nothing interesting and is hardly scientific. Of course by lining up price charts of various speculative bubbles they will roughly line up. The

by mrb 9y ago

This chart shows nothing interesting and is hardly scientific. Of course by lining up price charts of various speculative bubbles they will roughly line up. The chart also intentially discards the first 4 years of Bitcoin trading data (2010-2013) where Bitcoin has actually gained the most. None of the other assets in the chart even remotely compare to Bitcoin's gains in these 4 years. Also, it should really use a log scale: http://bitcoin.zorinaq.com/price/ http://bitcoin.zorinaq.com/price/

ceejayoz 9y ago
> The chart also intentially discards the first 4 years of Bitcoin trading data (2010-2013) where Bitcoin has actually gained the most. Sure, just like the comment being replied to discards several hundred years worth of tulip sales to say "Tulipmania lasted 6 months. Bitcoin is now 8 years old." Bitcoin has, until this year, largely escaped widespread public notice beyond "isn't this odd/interesting" pieces in the media.
- Akujin 9y ago
  For hacker news I expect people to be a lot smarter but apparently no one in the entire thread realized I said Tulipmania. Not Tulips. Tulips as a financial instrument were only used for 6 months. Here's a fucking chart since you can't be bothered to look it up: https://en.wikipedia.org/wiki/Tulip_mania#/media/File:Tulip_price_index1.svg https://en.wikipedia.org/wiki/Tulip_mania#/media/File:Tulip_... From November 12th through May 1st. Almost exactly 6 months. Period. Counting anything outside of this period as part of Tulipmania is not only ignorant but also plain stupid at face value. I'm not one for making hyperbolic statements but when people can't read there's really no other explanation other than: - You lack reading comprehension. - You're below average (hey not everyone is smart, it's okay). Bitcoin is now on it's FOURTH bubble. Tulipmania never had a 2nd or 3rd or 4th bubble.
  - ceejayoz 9y ago
    > For hacker news I expect people to be a lot smarter but apparently no one in the entire thread realized I said Tulipmania. Not Tulips. Yes, and then you went and compared the tulip mania against the entire history of Bitcoin. The current orgy of speculation and people taking out mortgages to buy Bitcoin is a recent phenomenon.
    - Akujin 9y ago
      This is like me talking about dollars and you go "paper has existed for much longer than dollars". This is why I (almost) never comment online. Too many idiots posing as experts.
      - dang 9y ago
        Would you please stop breaking the HN guidelines? If you want to comment here you need to do so more thoughtfully. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
        Akujin 9y ago
        If people are being stupid I'm gonna call them stupid.
        dang 9y ago
        Ok, since you don't seem to want to use the site as intended, I've banned the account. If you change your mind you're welcome to let us know at hn@ycombinator.com.

by mrb 9y ago

ceejayoz 9y ago

> The chart also intentially discards the first 4 years of Bitcoin trading data (2010-2013) where Bitcoin has actually gained the most. Sure, just like the comment being replied to discards several hundred years worth of tulip sales to say "Tulipmania lasted 6 months. Bitcoin is now 8 years old." Bitcoin has, until this year, largely escaped widespread public notice beyond "isn't this odd/interesting" pieces in the media.

Akujin 9y ago
For hacker news I expect people to be a lot smarter but apparently no one in the entire thread realized I said Tulipmania. Not Tulips. Tulips as a financial instrument were only used for 6 months. Here's a fucking chart since you can't be bothered to look it up: https://en.wikipedia.org/wiki/Tulip_mania#/media/File:Tulip_price_index1.svg https://en.wikipedia.org/wiki/Tulip_mania#/media/File:Tulip_... From November 12th through May 1st. Almost exactly 6 months. Period. Counting anything outside of this period as part of Tulipmania is not only ignorant but also plain stupid at face value. I'm not one for making hyperbolic statements but when people can't read there's really no other explanation other than: - You lack reading comprehension. - You're below average (hey not everyone is smart, it's okay). Bitcoin is now on it's FOURTH bubble. Tulipmania never had a 2nd or 3rd or 4th bubble.
- ceejayoz 9y ago
  > For hacker news I expect people to be a lot smarter but apparently no one in the entire thread realized I said Tulipmania. Not Tulips. Yes, and then you went and compared the tulip mania against the entire history of Bitcoin. The current orgy of speculation and people taking out mortgages to buy Bitcoin is a recent phenomenon.
  - Akujin 9y ago
    This is like me talking about dollars and you go "paper has existed for much longer than dollars". This is why I (almost) never comment online. Too many idiots posing as experts.
    - dang 9y ago
      Would you please stop breaking the HN guidelines? If you want to comment here you need to do so more thoughtfully. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
      - Akujin 9y ago
        If people are being stupid I'm gonna call them stupid.
        dang 9y ago
        Ok, since you don't seem to want to use the site as intended, I've banned the account. If you change your mind you're welcome to let us know at hn@ycombinator.com.