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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.


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.


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


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.”


Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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