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Bitcoin: Out with a POP!

When it comes to behavioral finance, there is nothing like a good bubble to prove the concept:

 

 

The popping of the bubble will continue, because of the same behavioral finance that created it in the first place. It is possible that Bitcoin has some lasting power as an alternative, but definitely not if it is thinly traded with no ability to short it. Make it have a completely free exchange and I might not bet against it…but I also would not be hoping for 1,000% returns.

You can read some of the pain that it has created at reddit.com

or just browse the subgroup.

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Continuing the Discussion

  1. One Last Gasp | Daddy Fix linked to this post on May 15, 2013

    […] #000000; font-family: Georgia, ‘Times New Roman’, ‘Bitstream Charter’, Times, serif; font-size: 13px; line-height: 19px;”>Markets go hyperbolic more often than we would like.  The only predictable fact is that markets cannot continue to go hyperbolic indefinitely.  I got a lot of flack for doubting the ability of bitcoin to continue its rocket trajectory, but in all bubbles comes a burst.  The burst is usually more noteworthy than the rally. […]



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