..

Bitcoin Unfolding Like Dot Com Crash, Just 15 Times Faster

Written by:
C Costigan
Published on:
Mar/21/2018

Bitcoin is behaving a lot like how the Nasdaq did around the dot-com bubble, but the timeline is unfolding 15 times faster, according to research published by Morgan Stanley.

Similarities in price moves and trading volume could be signs that history is repeating itself, according to a note published by Morgan Stanley on Monday.

Morgan Stanley also points out changes in bitcoin trading volume into a cryptocurrency called tether.

Sheena Shah, strategist at Morgan Stanley, notes that bitcoin prices have lost 45 percent to 50 percent of their value in each bearish wave, similar to Nasdaq's behavior 18 years ago.

"The Nasdaq's bear market from 2000 had five price declines, averaging a surprisingly similar amount of 44 percent," Shah said.

WATCH BELOW

video News

We Tour the South Carolina Football Facility With BetOnline

We Tour the South Carolina Gamecocks Football Facility With BetOnline

With the South Carolina Gamecocks having knocked off the mighty Georgia Bulldogs this past week, it's only fitting that COISKI’s “Royal Key” would have the opportunity to take a tour of South Carolina's amazing Football Facility & Equipment Room.  The show is sponsored by our good friends at BetOnline.

Investigation Into Crown Casino Yields Shocking Allegations

Investigation Into Crown Casino Yields Shocking Allegations

A six-month joint investigation by 60 MINUTES, The Age and The Sydney Morning Herald has exposed a corporate scandal unlike anything Australia has seen before.

Man Goes Missing After Night at Casino

Man Goes Missing After Night at Casino

He's a realtor, a church-going guy and a loyal life and business partner. So where is he?

Master Motivator Cameron Hughes Joins the Docs Sports Happy Hour

Master Motivator Cameron Hughes Joins the Docs Sports Happy Hour

Cameron Hughes, Professional Crowd Igniter, and Master Motivational Speaker joins Docs Sports Happy Hour Show this week to talk about his career and the excitement he has brought to over 1500 Live Sports Events around the world. 

Sports X Radio Ken Thompson Talks ACC, SEC Conference Football

Sports X Radio Ken Thompson Talks ACC, SEC Conference Football

Ken Thomson of Sports X Radio joins Tony George of www.docsports.com to break down, and have a discussion about the ACC / SEC Conference Football previews.

Syndicate