Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Elwar
on 16/08/2017, 01:51:58 UTC
You'll note that these guys always talk about tulips. At the same time they always ignore what might be considered irrational market behavior for ultra-rich hobbies like art collection of multi-million dollar pieces, at insane values...

http://money.cnn.com/2016/02/19/luxury/ken-griffin-david-geffen-de-kooning-jackson-pollock/index.html

300 mn USD painting...

https://en.wikipedia.org/wiki/L%27Homme_au_doigt

140 mn USD sculpture...

You add a few of those and you are in the tens of billions range. But no, that's not tulips, that's art "deserving" billions. Right.


Exactly. There are thousands of years of rational market examples. Cherry picking a small sliver of time in some remote small country that had a market crash after a few months is pretty desperate. Why not point out the follies of the great depression or Black Monday? Or the market collapse in 2009? At least those are more recent and had a larger affect on the economy.