What does the Bitcoin craze have in common with d
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Posted On: 01/17/2018 5:23:29 PM
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What does the Bitcoin craze have in common with dot-coms and tulips? That's the big question as the cryptocurrency continues its trip downward.
https://www.bloomberg.com/?cmpid=BBD011718_BI...mbergdaily
Technical analysts are preparing for the worst after a 50 percent plunge over the past month. But just a week ago, some were saying buy.
Traders and strategists are scrambling for explanations, from regulatory fears to the Lunar New Year. Where Bitcoin eventually lands, perhaps nobody knows. —David E. Rovella
BUBBLICIOUS
How Bitcoin Compares With Tulips and Dot-Coms
https://www.bloomberg.com/news/articles/2018-...mbergdaily
Investors have good reason to be worried given Bitcoin's recent dive, but some aren't so sure. Bulls say the cryptocurrency's boom is far from over and that there’s more to analyzing a market than measuring price gains.
The funny money has bounced back from previous swoons, and if Bitcoin does become a widely-accepted form of digital gold, it could have a lot further to surge. Bloomberg looks at some famous bubbles from the past for perspective.
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