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Title: 2013-05-07 AdvancedTrading:Bitcoin Joins the Academy of Financial Market Bubbles Post by: n8rwJeTt8TrrLKPa55eU on May 07, 2013, 11:06:52 PM As shallow as a shallow lake after a long drought.
Quote Clearly, however, this is fundamentally a story of a bubble and speculation that there is no real efficacy yet to this currency. It is all posited on a future state where banks no longer work, governments have shut themselves down because of too much debt, and individuals are finally free to do business directly with one another. The price rise made no more sense than the price drop, which was precipitous when it happened. The most well-known of the investors who were hurt in the price collapse were the savvy, social network entrepreneurs — the Winklevoss twins. http://www.advancedtrading.com/managingthedesk/bitcoin-joins-the-academy-of-other-finan/240154291 |