More fun with Bitcoin; also see Yes, Bitcoin is volatile. But it’s still got defenders (The Washington Post)
"Bitcoin’s dramatic collapse — from peak to trough, the currency shed more than 80 percent of its value — has left many enthusiasts anxious and many skeptics saying, “I told you so.”Bitcoin bursts: Cybercurrency gets wild ride | Business & Technology | The Seattle Times
“Trading tulips in real time,” is how longtime UBS stockbroker Art Cashin described Bitcoin’s vertiginous rise, comparing it to the now-unfathomable craze that saw 17th-century Dutch speculators trade spectacular sums of money for a single flower bulb.
“It is rare that we get to see a bubblelike phenomenon trade tick for tick in real time,” he said in a recent note to clients."
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