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Re:Bitcoin value falls from above $33 to below $3 by raganwald on Monday October 17, 2011 @06:57PM (#3122866)
Today the joke-explainer duty falls upon me:

http://en.wikipedia.org/wiki/Tulip_mania

Even if you are familiar with the expression, the full article is well worth reading.

Re:Bitcoin value falls from above $33 to below $3 by gnu6 on Monday October 17, 2011 @07:54PM (#3123056)
Indeed, those who deal with web 2.0 startups would be well advised to read that article.
Re:Bitcoin value falls from above $33 to below $3 by hippich on Monday October 17, 2011 @11:43PM (#3123777)
These who advise to read this article better read it in full themselves. Especially part where it is explaining jumps from futures contract to options and back. And how this affect price.