Share on Facebook Share on Twitter Share on Reddit + - Crypto crash accelerates By Houses and Holes in Australian dollarat 12:19 am on July 17, 2017 | 10 comments When someone asks you about bitcoin at the Saturday soccer you know the bubble has reached some sort of peak: The long term chart: And the cause, if such things have causes. Via FT: Share on Facebook Share on Twitter Share on Reddit + - YOU MAY ALSO BE INTERESTED INAustralia dollar hangs on amid global downdraftDXY and EUR did a two-step last but the formerWestpac: Aussie dollar falling too far, too fastVia WBC: The Aussie has been one of theAustralian dollar crumbles with commodities, yield spreadsDXY was strong last night and is still poised forRBC: Australian dollar has not priced China weaknessVia RBC: High frequency data in China have Comments hellonathan July 17, 2017 at 6:36 am Buy and transfer to your own wallet before August 1. Double your holdings on a hard fork. You then get ChinaBitcoin AND NewBitcoin. Andrew July 17, 2017 at 8:39 am Yep, that’s an ugly chart. A good criticism of bitcoin/cryptos is there are so many of them, there could be hundreds of cryptos in which case where’s the value… not sure. Like the concept however. DominicMEMBER July 17, 2017 at 2:29 pm The irony being that gold, which can’t be manufactured out of thin air, is languishing. Bubbles crowding out real assets. Deja vu Relevant StakeholderMEMBER July 17, 2017 at 6:07 pm Gold has the issue of GLD, acts as a capital sink without a corresponding increase in price. Bitcoin has the issue of duplication. Finance wizards always seem to find a way to dilute the value of currency alternatives to fiat. [email protected] July 17, 2017 at 9:25 am The world will never run out of idiots who want to believe there is an “easy” way to riches and you can actually “MINT” millionaires; https://www.youtube.com/results?search_query=is+bitcoin+a+ponzi+scheme FeknameMEMBER July 17, 2017 at 10:05 am I’m bullish IOTA and Tether, the green font is all I listen to! lukehowardMEMBER July 17, 2017 at 10:42 am https://cryptonomics.org/ has some good articles for those interested bendy wire July 17, 2017 at 11:21 am tulips anyone RubiconMEMBER July 17, 2017 at 12:32 pm Hey bendy, at least tulips had some intrinsic value: they were beautiful to look at and could be given to the wife to atone for ones sins. [email protected] July 17, 2017 at 1:57 pm You absolutely right Rubi, tulips had value! This is totally contrived worthless cyber nonsense intended to make their creators rich by skimming commissions off the back off total morons of this planet. You will be able to get really stinking rich by shorting this idiotism when its end is near.