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Bitcoin Plummets 37% In 4 Days, Litecoin Skids 42.4% (The New Dutch Tulip Bulb Craze?)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

Wow. Crypto-currencies have gotten hammered since they mostly peaked on December 18th. Bitcoin is down 37%, Ethereum is down 31.4%, and Litecoin is down  42.4% since December 18th.

Liquidity moves markets!

Follow the money. Find the profits! 

crtyptocrush

The volatility of the crypto-currencies is not surprising given the thinness of the investor pool where a few players can really move the market around.

crytpo

Bitcoin has gone beyond the absurdity of the 17th-century Dutch tulip bulb craze.

1500577728_goudatulip

However, there is a use to crypto-currencies (more than tulip bulbs). Let’s see how far cryptos slide.

This might be “putting the crypt into crypto-currencies.”

crypt-rome-italy_2947_990x742.jpg

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