Bitcoin Price Thread

Bitcoin traded at 1/100 of a cent when an exchange crashed. I ran the numbers in 2013 and thought it was the biggest bubble in human history then.

USD adjusted for inflation since 1971 minus 98%
Nikkei 1980's 592%
Dow 1920's 596%
Gold 2001-2012: 706%
South sea bubble 1000%
Top end of London housing 2003-2013 1000%
Nasdaq 1990's 1553%
Kuwaiti stock market 1981/2 2000%
Gold 1970-31/1/1980: 2572%
Microstrategy stock in 1999/2000 4534%
Tulip mania 6000%
Bitcoin 2013 6145%
AMZN 2001-2014 7405%
NXT crypto Dec 2013 10691%
PCLN 2002-2014 19,285%
BRKA 1962-2013 2,353,947%
Bitcoin 2010-2013 8,160,000%
 
709px-ZWDvUSDchart.png


Sure looks like a bubble about to burst!
 
Tibster said:
A lot of people are looking at the BTCUSD chart as the inverse where the USD bubble is popping.
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Not really hence the prices of everything else haven't changed in $ unlike the situation with zwd as all prices soared .
 
lawrence-lugar said:
Bitcoin is #1, on the biggest bubbles list in History.
Rise_and_fall_of_some_famous_asset_bubbles_2.jpg


...Bitcoin's inevitable fall will be nothing short of spectacular. -- If you short options and futures contracts on this...you will get rich.
Merry New Year, Buy buy buy....Sell sell sell....Turn those Machines back on, turn those machines back on, :p :vomit:
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Better have a bankwire ready to resupply margin
 
maxinger said:
CBOE bitcoin futures volume has been rather pathetic so far.

Let's see how CME bitcoin futures perform next week.
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All the smart money and experienced traders know it's risky as shit to go long on futures (or options) for Bitcoin at this crazy weird stage.
Shorting, I believe, is limited or non-existent right now.
 
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