Bitcoin

"The price of Bitcoin peaked last month at over $19,000. Today its price dipped below $10,000. To understand the cryptocurrency it is useful to study the five stages of a bubble: displacement, boom, euphoria, financial distress and revulsion. November saw euphoria. Now distress is approaching. And once people realise how hard it is to set a price floor for Bitcoin, they will reach revulsion."
!HT: Pedro H. Albuquerque)

The rise and fall of Bitcoin

Investors in Bitcoin are learning some very old lessons

economist.com