How does it compare to previous Bitcoin bubbles?
November 2010
Approximately 1000% gains.
June 2011
Approximately 6000% gains.
April 2013
Approximately 1600% gains.
December 2013
Approximately 1200% gains so far.
During any given bubble a newcomer only sees the colossal tidal wave of value that must soon obviously crash.
Notably in every instance the previous bubbles, however massive at the time, are generally invisible or insignificant on the charts when compared to the height of latest bubble. They are blips in the rear view mirror even though they were tsunamis.
Post-bubble values generally seem to steady off at 50-60% of peak value.
This time is different?
I don't know.
During any given bubble a newcomer only sees the colossal tidal wave of value that must soon obviously crash.
Notably in every instance the previous bubbles, however massive at the time, are generally invisible or insignificant on the charts when compared to the height of latest bubble. They are blips in the rear view mirror even though they were tsunamis.
Post-bubble values generally seem to steady off at 50-60% of peak value.
This time is different?
I don't know.
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