Bitcoin Versus The Great Financial Bubbles Of The Past
The previous crises are actually quite different from what we are currently experiencing if we examine history.In times of extreme fear, uncertainty and doubt (FUD), Bitcoiners need FUD-busting.In 1710, almost a decade before the South Sea Bubble in England and the Mississippi Bubble in France, the essayist and author Jonathan Swift wrote the following iconic lines, echoed by many of history’s most famous writers, about truth and lies and their effects:“... it often happens, that if a lie be believed only for an hour, it has done its work, and there is no further occasion for it. Falsehood....
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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....
There are many ways to make money, but using money to make money is the most efficient way. Finance is an industry that makes money with money. However, finance and bubbles are like twin brothers. Wherever there are financial products, there are bubbles. In the eyes of ordinary people, bubbles are risks, so ordinary people […]
Those who compare Bitcoin to the great bubbles of the past need to check the historical books. This moment is very different.
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....
Far from being damaging to bitcoin, bubbles help bring in new users and ultimately accelerate the project's growth.