Trap for Investors (7) - Bitcoin - modern Tulip

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Market Capitalization of Bitcoin as of 1 Feb 2014.

Isaac Newton Loses A Big Fortune in the South Sea Bubble:

Even Sir Isaac Newton (4 Jan 1643 - 31 Mar 1727), the well known English physicist, mathematician, astronomer, natural philosopher, and theologian, got caught up in the South Sea mania and invested a big chunk of his fortune. Interestingly, he pulled out early (after making a respectable 7,000 pounds) then went back in after the bubble continued to inflate. The inevitable bust happened and he lost 20,000 pounds - a considerable sum at the time.

As a result of this crisis, he stated "I can calculate the motions of heavenly bodies, but not the madness of people".

-----------------  Follow Up: Bitcoin Price Chart as of 24 Apr 2014  -------------------

--------------- Follow Up: Bitcoin Price Chart as of 06 Oct 2014 ----------------------


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