Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I...
by subru on Tuesday September 05, 2017 @01:40AM
(#15172774)
Sorry meant nothing has risen from a fraction of a penny to five grand in human history, iow referring to the percentage moves that we may never see again in our lifetimes. I stand corrected. Meant relative to any other investment in history.
You are very wrong. First, volatility used to be much worse: https://mobile.twitter.com/lsukernik/status/8649208737189519... Secondly, the importance of a bubble is measured relatively not absolutely: BTC may be near the all-time high but it has seen only a ~2x increase in the last 30 days, while the Nov 2013, Feb 2013, and Jun 2012 bubbles all saw 10x...