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The BitCoin, BitCrash

By Ilene
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A BitBubble without a "plunge protection team" begins its "BitCrash"…

BitCrash Continues: Down 40% And Dumping

Courtesy of ZeroHedge

Time to rename it BitCrash… or will it stage an amazing recovery?

Alas, for this particular bubble, there are no NYSE circuit breakers nor is there a Federal Reserve-mandated "plunge protection team." And why should there be? The central banks hate all currency alternatives. Firehats: on, especially since the volume is still relatively lite.

 

Update: -50%

 

BiT BuBBLe MaDNeSS…

Courtesy of William Banzai 7

PANNING FOR BITCOINS

 

and then…

MINING FOR BITCOINS

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.”

– Charles MacKay, Extraordinary Popular Delusions & the Madness of Crowds

Good ideas are not impervious to the madness of crowds.–WB7

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