Sina US stock news Beijing time on the 17th Bloomberg news, the recent fluctuations in Bitcoin have given market observers a new sense of urgency, re-emphasizing the problem that has been worrying for most of the past year: Bitcoin will plummet into history Is it one of the most notorious bubbles, with the enthusiasm of tulips and the Internet bubble?
Bitcoin's previous heat (bitcoin fell 48% from the December 18 high) suggests that investors have reason to worry.
As you can see, in the past three years, Bitcoin has skyrocketed nearly 60 times, which is indeed unusual.
This momentum has made the Nasdaq KLCI's gains during the peak of the 1990s dwarf. Back in the farther history, Bitcoin far surpassed the Mississippi bubble and the South China Sea bubble of the eighteenth century, and even surpassed the Dutch fanaticism of the 1630s. Given the scarcity of the value of tulips, there is a comparison with Bitcoin. Reserved (the chart only includes the price of one type of tulip; there is no price data after the peak).
The bulls say that the prosperity of Bitcoin is far from over, and analyzing the market is not just about measuring price increases. Despite the recent tumbles that have alerted some investors, Bitcoin has repeatedly rebounded from more than 50% of the decline. If Bitcoin does become a widely accepted digital gold, as CameronWinklevoss expects, Bitcoin may have a huge upside.
Report: Hedge funds that spurred the cryptocurrency storm recorded more than 1,000% return last year and there is more than one way to analyze the gains. On an annual basis, Bitcoin’s three-year rise has been slower than the biggest bubble boom in history, especially the Mississippi bubble and the South China Sea bubble.
However, there are many skeptics. Howardang of New York-based Convoy Investments LLC and Jeremy Grantham of GMO LLC analyzed the rise in bitcoin relative to several past booms and considered it unsustainable. Grantham summed up his concerns in a letter to investors on January 3:
“There is no clear basic value and basically an unregulated market, plus the exaggerated storyline, which is simply the essence of the bubble that can be seen in history books.†Grantham is the Chief Investment Strategist at GMO, helping to manage approximately $74 billion in assets.
Grantham’s success record for such warnings is half and half. Although Grantham correctly predicted the soaring tech stocks in the 1990s as a bubble, he withdrew too early and missed some of the biggest gains in the market.
Only time will tell if Grantham and other bearish people are right or wrong in terms of bitcoin, or it is too early to judge the timing.
Ring Fill Light,Ring Lamp,Ring Light With Tripod,Selfie Ring Light Tripod
Shaoxing Shangyu Kenuo Photographic Equipment Factory , https://www.kernelphoto.com