Post
Topic
Board Economics
Re: NASDAQ vs BTC
by
lavalampoon
on 02/09/2013, 00:57:17 UTC
This maybe have been posted before, if so sorry, but I thought it was pretty cool. Just happened to be explaining to my wife the NASDAQ Y2k bubble, and showed her the chart, and I knew it looked it looked familiar!

http://i44.tinypic.com/o6i5qt.jpg

The interesting part of the graphs you showed is that on second look you notice that the bitcoin price is actually a predictor of what comes next for the NASDAQ chart. The bitcoin chart shows a downtrend of red before recovering, and the NASDAQ chart hasn't yet reached that downtrend. Compare each rise and fall one by one to see what I mean.