the cryptocurrency beginning this Sunday, making the Chicago-based exchange the first to give investors a new way to wager on and crucially against, the virtual currency. Rather, all bitcoin mining kustannus-hyöty of the other digital currencies are rising strongly in value as a result of Bitcoin's rise. That narrative should give us pause. But it's pretty clear that it isn't, it's being driven by the rising price of Bitcoin. The bubble, however, was not limited. There is little to be learned from this sort of ranting, beyond the maxim that shrewd speculators know when to get out, leaving the devil to take the hindmost. Investors began to fervently purchase tulips, pushing their prices to unprecedented highs; the average price of a single flower exceeded the annual income of a skilled worker.
Chart 1 is actual bitcoin and South Sea Stock values plotted with SS peak lined up with current BC data.
Chart 2 takes the last 8 months and lines them up with similar starting points.
Granted Im violating my #1 rule of charting but these are more fun to look at on a non log basis.
Bitcoin vs Tulip Mania.
Stocks in the South Sea Company were traded for 1,000 British pounds (unadjusted for inflation) and then were reduced to nothing by the later half of 1720 after crashing in 1711.
Bitcoin varastossa chart 5 vuotta
Paras vps bitcoin kaivos
Bitcoin haarukka lohkon numero
They see it as gambling in some ways, they try to earn more money by using exchanges, commented Kim Duyoung, a manager at bitcoin brokerage Coinplug. Whether Bitcoin itself prospers is one thing: that all crypto-currencies are being speculated upon as if all will so succeed is very much bubble behaviour. They tend not to fit into any of the afore mentioned groups, theyre no more likely to invest in bitcoins than they are in: old postage stamps, diamonds, or rare earth minerals. And as I say, that's the bubble part. The South Sea Company was wrapped up in the 1850s, not the 1720s, along with the East India Company. What will happen, you ask?