Posted inAustraliaJapanNortheast AsiaOceania

The history of price bubbles shows how low Bitcoin could go

Nearly 170 years before the invention of Bitcoin, the journalist Charles Mackay noted the way whole communities could “fix their minds upon one object and go mad in its pursuit.” Millions of people, he wrote, “become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more […]