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Author Topic: Putting the first Bitcoin bubble into context  (Read 2935 times)
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bitcoin hundred-aire

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July 16, 2012, 05:26:06 PM

Long term, you can say that more than 7% per week is unsustainable, but I don't think you can say anything about the short term, without the benefit of hindsight.

(BFL)^2 < 0
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July 16, 2012, 05:34:36 PM

When we get to where bitcoin should be eventually , the "2011 bubble" will look like a little noise at the beginning of the chart....

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Martin Armstrong
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July 16, 2012, 05:51:35 PM

Putting bitcoin volatility in context, Mystery chart:

The x axis is determined by a rough estimation of how often "the coin gets flipped".

Can you explain in a bit more detail, bitcoinbitcoin113? I'm intrigued.

Its just showing usd/btc daily vs nasdaq composite monthly. The ratio of btc-time to nasdaq-time varies. It starts out at 1 btc day = 1 nasdaq month and has been approaching "parity" or whatever you want to call it. You can see that bubbles like the 2011 one are not uncommon, they usually just take longer to unfold and involve more people.
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