Published on July 20th, 2018 | by bitcoin0
Wikipedia bubbles – this is not our first rode – searching for alpha
Data Source: blockchain.com On June 10, 2011, the price of a single bitcoin was $35, an incredible high at the time.
The Bitcoin bubble of 2011 – analyzing the Bitcoin network’s response Confirmed transactions and Bitcoin price in 2011 During that time, it’s interesting to look at the relationship between the number of daily transactions and the price.
Recap – Transactions and Bitcoin price in the 2011 bubble On a daily basis, the number of transactions seems to trail the price action.
Unique addresses and Bitcoin price in the 2011 bubble Unique addresses give a slightly different angle on the 2011 bubble.
The 2017-2018 Bitcoin bubble looks a lot like 2011 with two exceptions The 2011 Bitcoin bubble was driven by heavy speculation, just as in 2017.