Bitcoin Hasn’t Reached Mania Stage Yet, According To This Metric
Everywhere you turn on the internet – from mainstream media to Twitter, Reddit, and more – the conversation centers around Bitcoin. Celebs are promoting it, companies are now holding it, and even cities are considering the cryptocurrency. According to metrics, however, Bitcoin hasn’t yet reached mania stage, but it might do so before the next cycle has peaked if it follows a similar path as the last bull market. Bitcoin Trades At Nearly $50,000 But […]
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Written by: BigChubbyCat (8BTC). Translated by: James Choi (8BTC). Edited by: Elizabeth T. Ploshay (Bitcoin Magazine). 1. Tulip. In 1635, the price of a certain kind of tulip reached 1615 Florins. At the same time, the prices of four bulls and 1,000 pounds of cheese were only 480 Florins and 120 Florins respectively. The price of a tulip, however, kept soaring to a level the next year that one tulip of a rare species was sold at 4600 Florins. Additionally, the specific buyer also gave the seller a brand new carriage, two grey horses, and a whole set of harnesses. Eventually someone woke....
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