tag:blogger.com,1999:blog-3758330678390419129.post7375655359550089186..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: How Bitcoin Matches Up With the Greatest Bubbles in HistoryRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-37765074516292606772018-11-25T15:22:09.293-05:002018-11-25T15:22:09.293-05:00Too early? Is it too early to call the housing bu...Too early? Is it too early to call the housing bubble a housing bubble just because some people think its a good idea to reinflate their prices? Dhttps://www.blogger.com/profile/07011856643664793898noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10178489914808656762018-11-25T04:11:29.281-05:002018-11-25T04:11:29.281-05:00Tulips are useless?!!Tulips are useless?!!Maria Missirolihttps://www.blogger.com/profile/15701437325725354445noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73938611445868546282018-11-24T17:55:02.319-05:002018-11-24T17:55:02.319-05:00You're right, something doesn't have to be...You're right, something doesn't have to be useless for it to be a bubble. You didn't state it here and I was not trying to suggest that either. I often do see discourse (not this post) where there is an underlying confusion that bubbles typically happen to mostly useless things, like Tulips. People often bring up pets.com as something that failed terribly during the dot-com bubble. plainlibhttps://www.blogger.com/profile/03599952773859501882noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40328276216890066672018-11-24T15:13:06.591-05:002018-11-24T15:13:06.591-05:00Who said that something has to be useless for it t...Who said that something has to be useless for it to be declared a bubble? Housing prices were in a bubble. Are houses useless?<br /><br />Amazon was in a bubble---but not a "permanent bubble."<br /><br />I discuss the various types of bubbles here:<a href="http://www.economicpolicyjournal.com/2018/11/was-bitcoin-in-super-bubble.html" rel="nofollow">http://www.economicpolicyjournal.com/Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38199911139930472122018-11-24T13:26:11.075-05:002018-11-24T13:26:11.075-05:00I suspect there is selection bias here.
On the on...I suspect there is selection bias here.<br /><br />On the one hand, we have Bitcoin, something we have no clue about how it'll turn out because it's an ongoing process. On the other hand, we have things we know to be bubbles for certain through history, and some of them will never have a good value again (Tulip). Just because they share some characteristics up till now doesn't mean plainlibhttps://www.blogger.com/profile/03599952773859501882noreply@blogger.com