Largest % moves of public markets in human history Nikkei 1980's 592% Dow 1920's 596% Gold 2001-2012: 706% South sea bubble 1000% Top end of London housing 2003-2013 1000% Nasdaq 1990's 1553% Kuwaiti stock market 1981/2 2000% Gold 1970-31/1/1980: 2572% Microstrategy stock in 1999/2000 4534% Tulip mania 6000% Bitcoin 2013 6145% AMZN 2001-2014 7405% NXT crypto Dec 2013 10691% PCLN 2002-2014 19,285% BRKA 1962-2013 2,353,947% Bitcoin 2009-2013 8,160,000 copyright just21 2014
Really? but there was no public market for bitcoin in 2009, but everyone is using the 2009 prices to calculate its return.
Go to www.bitcoinwisdom.com choose mt gox exchange and weekly data . The prices I have used were actually in 2010 but were traded. I will adjust the dates in my list.
Largest % moves of public markets in human history USD adjusted for inflation since 1971 minus 98% Nikkei 1980's 592% Dow 1920's 596% Gold 2001-2012: 706% South sea bubble 1000% Top end of London housing 2003-2013 1000% Nasdaq 1990's 1553% Kuwaiti stock market 1981/2 2000% Gold 1970-31/1/1980: 2572% Microstrategy stock in 1999/2000 4534% Tulip mania 6000% Bitcoin 2013 6145% AMZN 2001-2014 7405% NXT crypto Dec 2013 10691% PCLN 2002-2014 19,285% BRKA 1962-2013 2,353,947% Bitcoin 2010-2013 8,160,000 copyright just21 2014
Bitcoin is the no.1 MLM opportunity in the world. Bitcoin > Herbalife. Do you see Herbalife at $0? Then bitcoin will not go to $0 unless herbalife goes to $0!
You still don't understand the difference between a hierarchical (MLM) and a network (Bitcoin) organization. Hierarchical = evil Network = freedom
Nobody mentioned the South sea bubble? http://en.wikipedia.org/wiki/South_Sea_Company#Top_reached "The price of the stock went up over the course of a single year from about one hundred pounds a share to almost one thousand pounds per share. Its success caused a country-wide frenzy as all types of people—from peasants to lords—developed a feverish interest in investing; in South Seas primarily, but in stocks generally. Among the many companies to go public in 1720 is—famously— one that advertised itself as "a company for carrying out an undertaking of great advantage, but nobody to know what it is".[28] The price finally reached