Sentences with phrase «speculative mania»
"Speculative mania" refers to a time when people become overly excited about investing in something, like stocks, cryptocurrencies, or real estate. They become so caught up in the potential for big profits that they ignore the risks and make decisions based on emotions rather than logic. This can lead to rapid price increases followed by sudden crashes and financial losses when the excitement fades. Full definition
The new currency soon traded for hundreds of dollars, and during a bout of speculative mania this weekend, one unit of Bitcoin Cash was briefly worth as much as $ 2,500 — not as much as the original, but still a tidy chunk of digital change.
fortune.com
In simpler terms, the first category is purely about capitalizing on the «speculative mania surrounding all things «token.»»
They condemned the «speculative mania in America» that allowed an accumulation of wealth without the «accompanying trust to be carried on for the welfare of the whole people» (December 27, 1923).
Reserve Bank of Australia Governor Philip Lowe said this month that the fascination with cryptocurrencies «feels more like speculative mania than it has to do with their use» as a form of payment.
Instead of banning bitcoin, Bair said governments should make sure their policies «don't feed the frenzy,» so as to prevent the so - called speculative mania that's driving bitcoin's value up.
Perhaps the greatest speculative mania of all time was Kuwait's Souk al - Manakh stock bubble in the early 1980s, which is as fascinating as it was devastating.
In a speech to the Scottish Economics conference, Carney said a «global speculative mania» has «encouraged a proliferation of new cryptocurrencies» and said they should be held to the «same standards» as the rest of the financial system.
It's a full on speculative mania (to resurrect a term I was fond of back in the day).
In this respect, the current excitement about crypto - currencies has much in common with great historic speculative manias.
A possible snag right now is that the Securities and Exchange Commission has put the kibosh on ICOs of all sorts following a wave of speculative mania and blatant fraud involving tokens.
In the short term, the widespread distribution of Bitcoin Cash is likely to intensify the speculative mania surrounding crypto - currency, which some are warning is a bubble.
Korea has emerged as something of a ground zero for the speculative mania, playing host to several of the world's most active exchanges.
The exponential price gains in cryptocurrencies are «speculative mania,» Carney said in early March.
«So the current fascination with these currencies feels more like a speculative mania than it has to do with their use as an efficient and convenient form of electronic payment.»
«Speculative Mania.»
Providing a scholarly and entertaining account of such topics as the history of crises, speculative manias and Lehman Brothers, this book has been hailed as «a true classic... both timely and timeless.»»
It struck me, as I watched dozens of ticket holders get turned away from the oversubscribed event, that there was perhaps no better symbol of the speculative mania we've been witnessing in recent weeks than the sight of 70 would - be attendees sadly zip up their rain jackets, reverse course, and trudge home from an event that, not so long ago, would have been attended by few people.
In a sign that the speculative mania is getting out of hand, one very small stock, Future FinTech, briefly leaped more than 200 percent Tuesday despite no clear ties to anything crypto - related.
The implication of Harari's argument3 is pretty hard to wrap one's head around.4 Take the term «tulip bubble»: everyone knows it is in reference to a speculative mania that will end in a crash, even those like me — and now you — that have learned about what actually happened in the Netherlands in the winter of 1636.
Jim Chanos, who became famous for negative calls on Enron and Tyco, has called Bitcoin «a speculative mania» and compared it to the»90s Beanie Babies craze.
And because familiarity breeds content, investors in the throes of a speculative mania are always in search of the next way to play.
It has become fashionable to dismiss Bitcoin as a speculative mania, and assert that the real value lies in blockchain.
Finally, this one isn't quite an overtly negative call on gold itself, although these types of stories, in retrospect, can signal an inflection point during a speculative mania.
It's my belief that the gold and silver bull market has been taking a well - deserved respite before it enters the final rally phase, conceivably ending in a speculative mania.
From 1844 to 1846, an index of railroad company stocks approximately doubled as the speculative mania took hold (Odlyzko, 2010).
Speculative manias are normal to capitalism; don't be surprised that they show up.
Although the carnage thus far is extensive, the economic fallout from the end of this speculative mania has yet to be fully felt.
But passive investing has the potential to go horribly wrong, precisely because it's so widespread and assumed to be so safe and conservative, which leads us to Trait No. 5 of speculative manias...
Yesterday, I began sharing our list of the common traits of speculative manias and how they're playing out right now.
You think there is a speculative mania going on.
But the speculative mania for young abstraction has cooled....»
While it's tough to look at that chart and not think this is a speculative mania, there is something about Bitcoin that's captured the public's imagination — whether it's the varied potential applications of the underlying blockchain technology, the idea of Bitcoin as «digital gold,» or the promise of a currency immune to central banker meddling.
Bank of England Governor Mark Carney called for more regulation on the sector this month, and labeled price volatility within the space «speculative mania.»
In the short term, the widespread distribution of Bitcoin Cash is likely to intensify the speculative mania surrounding crypto - currency, which some are warning is a bubble.
The new currency soon traded for hundreds of dollars, and during a bout of speculative mania this weekend, one unit of Bitcoin Cash was briefly worth as much as $ 2,500 — not as much as the original, but still a tidy chunk of digital change.
In January 2018, at the World Economic Forum, Prime Minister Theresa May voiced her apprehensions toward virtual currency and suggested that stronger regulations should be considered «very seriously» — a sentiment that was echoed earlier this month by BOE governor Mark Carney who, in an interview with CNBC, decried the «speculative mania» that surrounds crypto assets.
«We are in a speculative mania, and my sense is we are still fairly early.»
We've done it around a speculative mania...» If a mania goes on long enough, it becomes self - fulfilling.
SEOUL (Reuters)-- South Korea said on Wednesday it may tax capital gains from cryptocurrency trading as global regulators worried about a bubble, with Australia's central bank chief warning of a «speculative mania» that has seen the digital asset making rip - roaring gains.
From the prime minister down, officials have warned that the speculative mania surrounding Bitcoin and its peers is dangerous.
Philip Lowe, governor of the Australian central bank, recently described bitcoin trading as «speculative mania» while Grant Spencer, his New Zealand equivalent, called it a «classic case» of a bubble.
Australia calls it a «speculative mania»
Philip Lowe, the government of Reserve Bank of Australia, has called the growing popularity of virtual currencies a «speculative mania.»