Bitcoin traded at 1/100 of a cent when an exchange crashed. I ran the numbers in 2013 and thought it was the biggest bubble in human history then. 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%
Actually you are looking at the inverse chart , the zwd lost value and that defies the bubbles definition .
Not really hence the prices of everything else haven't changed in $ unlike the situation with zwd as all prices soared .
CBOE bitcoin futures volume has been rather pathetic so far. Let's see how CME bitcoin futures perform next week.
All the smart money and experienced traders know it's risky as shit to go long on futures (or options) for Bitcoin at this crazy weird stage. Shorting, I believe, is limited or non-existent right now.
Who takes the other side of the long trade? For the life of me, I can't figure how futures for BTC work if there aren't an equal number of sellers and buyers.