Bitcoin Price Analysis - Bubbles of the Past and Future
Results from the past do not offer guarantees for the future. It's the legal disclaimer that comes with every new financial brokerage account and trading promotion. And for good reason. Because results from the past, do not offer a guarantee for the future. Then again, history tends to repeat itself. Let's take a look at the two most recent Bitcoin bubbles: Bitcoin to USD - Jan 2013 to Oct 2013. Bitcoin to USD - Aug 2013 to Jul 2014. If you superimpose them over each other, a clear pattern emerges: Bitcoin to USD chart - April 2013 and December 2013 bubbles superimposed. The similarity....
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There have been four noteworthy bubbles in bitcoin’s life when the price exploded after rising slowly. Being speculative in nature, the bubble may soon burst, sending the price crashing down before settling at a range above the pre-bubble level. Bitcoin.com examines past bitcoin bubbles and explores when the next one could be. The First Spike. The first....
Over the past year, the bitcoin landscape has seen dramatic changes. In the beginning of 2015, the price of Bitcoin was $313.92 and today a quick Google search gave me a price of $456.26. That’s an increase of about 45.34%. But this article is not about the price of Bitcoin, this article is about why the last bubble popped and why this “Rally” hasn’t yet begun. In his article titled Bitcoin Analysis Bubbles of the Past and Future by CCN author Joris De Ruiter, the author argues that every bubble gets smaller and that this may be a signal that Bitcoin is becoming more viable as an economic....
Far from being damaging to bitcoin, bubbles help bring in new users and ultimately accelerate the project's growth.
The previous crises are actually quite different from what we are currently experiencing if we examine history.
Are we in the midst of a bitcoin bubble? Perhaps, but that doesn't necessarily mean prices are on the verge of collapse. And, bubble or no bubble, some analysts believe bitcoin still has room to grow. Former Wall Street analyst Henry Blodget says past price bubbles show that, in general, prices can rise much higher and bubbles can last much longer than most observers think. "Internet stocks, for example, were first described as a bubble in 1995, a full five years before the peak," Blodget writes on Business Insider. "And the amount of money made in those next five years made everyone who....