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comment | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"bizon18",<br>"permlink":"strategist-at-morgan-stanley-the-situation-of-bitcoin-today-resembles-the-nasdaq-crash-of-2000",<br>"title":"Strategist at Morgan Stanley: the situation of Bitcoin today resembles the Nasdaq crash of 2000.",<br>"body":"https:\/\/bitnovosti.com\/wp-content\/uploads\/2018\/03\/487519_1200_0_0_16_800_500_2-768x480.jpg\n\nBitcoin has long been compared with a bubble tray. Morgan Stanley Bank strategist Sheena Shah Says the latest movements in asset prices are similar to the technological boom and bust,<br> but on steroids.\n\n\n\"\"The latest bitcoin movements almost reflect The NASDAQ Composite index ahead of and after 2000,<br> but 15 times faster,<br>\" she says.\n\nThe NASDAQ rose 278% in 519 days of rally,<br> which led to its high in March 2000,<br> while bitcoin soared 248% in 35 days by December 2017.\n\n\nhttps:\/\/bitnovosti.com\/wp-content\/uploads\/2018\/03\/800x-1-1-768x722.png\n\n\nThere were three waves of kickbacks as the bitcoin exchange rate moved toward its peak in December 2017,<br> with the price falling by 45% and 50% each time before it came back. Bear market the Nasdaq in 2000 had five price cuts,<br> an average of 44%.\n\nBearish markets are not new to the first decentralized digital currency. Since the creation of the coin in 2009,<br> there have been four bearish markets with prices falling from 28 to 92%. From the December peak to the latest low in February,<br> the price of bitcoin fell by 70%.\n\n\"There is nothing unusual\",<br> \u2013 says an employee of Morgan Stanley.\n\nPrevious bear markets for bitcoin have an average duration of five months,<br> after consolidation for two to three months,<br> but\u201d a small number of historical examples and the variability of each of the bearish markets make it difficult to assume that the current bearish market may take the same period of time,<br> \" wrote the strategy in her report.\n\n\"The growth of trade volumes today is not an indicator of greater investor activity,<br> but rather their desire to exit the market,<br>\" \u2013 says Shah.\n\n\n\n<h2><b><center>\u2193\u2193\u2193 Trade your cryptocurrency here \u2193\u2193\u2193<\/center><\/b>\n<center><a href=\"https:\/\/www.binance.com\/?ref=21509226\" rel=\"nofollow noopener\" title=\"This link will take you away from steemit.com to BINANCE\"><img src=\"https:\/\/steemitimages.com\/DQmS8Y5PoVJenL4Qo3WhRg1YWJ9VGcQRhFKQNx8BLePx3iZ\/image.png\"><\/a><\/center>\n\n![line steemit.png (https:\/\/steemitimages.com\/DQmc2H3Lgvc1aWLMBBeokhh3AkjrLpjDqsB49SqVYB7nXAy\/line%20steemit.png)\n\n<h2><center><b>If you liked my post please upvote & follow me.<\/b><\/center><center><a href=\"https:\/\/steemit.com\/@bizon18\"><img src=\"https:\/\/steemitimages.com\/0x0\/https:\/\/steemitimages.com\/DQmTiCwPX5Eh6J9TrHZ9Aki1E8u7jM6gc2LqvycQ91JFrjQ\/U5dt42G4xW1EyBKDCHWEBSZLxMxDnZk.gif\" alt=\"U5dt42G4xW1EyBKDCHWEBSZLxMxDnZk.gif\"><\/a><\/center>![vote for me.png (https:\/\/steemitimages.com\/DQmfBdKVCAkWYRLvXc4CwGkb3BnQULBHZU27LRJFcXnXPWE\/vote%20for%20me.png)\n\n<center>![bitcoin spin.gif (https:\/\/steemitimages.com\/DQmT1mdH4WiFZj1ipvLRqEPJ118ExJuiR91v5QW493up5Fg\/bitcoin%20spin.gif)<\/center>",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"trading\",<br>\"money\",<br>\"cryptocurrency\",<br>\"blog\" ,<br>\"image\":[\"https:\/\/bitnovosti.com\/wp-content\/uploads\/2018\/03\/487519_1200_0_0_16_800_500_2-768x480.jpg\",<br>\"https:\/\/bitnovosti.com\/wp-content\/uploads\/2018\/03\/800x-1-1-768x722.png\",<br>\"https:\/\/steemitimages.com\/DQmS8Y5PoVJenL4Qo3WhRg1YWJ9VGcQRhFKQNx8BLePx3iZ\/image.png\",<br>\"https:\/\/steemitimages.com\/DQmc2H3Lgvc1aWLMBBeokhh3AkjrLpjDqsB49SqVYB7nXAy\/line%20steemit.png\",<br>\"https:\/\/steemitimages.com\/0x0\/https:\/\/steemitimages.com\/DQmTiCwPX5Eh6J9TrHZ9Aki1E8u7jM6gc2LqvycQ91JFrjQ\/U5dt42G4xW1EyBKDCHWEBSZLxMxDnZk.gif\",<br>\"https:\/\/steemitimages.com\/DQmfBdKVCAkWYRLvXc4CwGkb3BnQULBHZU27LRJFcXnXPWE\/vote%20for%20me.png\",<br>\"https:\/\/steemitimages.com\/DQmT1mdH4WiFZj1ipvLRqEPJ118ExJuiR91v5QW493up5Fg\/bitcoin%20spin.gif\" ,<br>\"links\":[\"https:\/\/www.binance.com\/?ref=21509226\",<br>\"https:\/\/steemit.com\/@bizon18\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | vote | "voter":"bizon18", "author":"bizon18", "permlink":"strategist-at-morgan-stanley-the-situation-of-bitcoin-today-resembles-the-nasdaq-crash-of-2000", "weight":10000 |
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