HomeCryptoBitcoinThe bitcoin bubble vs the Apple stock speculation

The bitcoin bubble vs the Apple stock speculation

These days, Apple stock speculation is on everyone’s lips and it is being compared to the trajectory of bitcoin prices and the bitcoin bubble.

The data are significant given that on October 3rd, 2018, the share price of the Cupertino company reached its all-time high at $232.07 per share and today, January 4th, 2019, the price fell to 142.19, with a loss in value of more than 38% in three months.

On January 2nd, Apple shares closed at 157.93, while on January 3rd, they opened at 143.92, with a loss of almost 9%.

For traditional financial markets, a loss of 38% in three months is a real collapse. In the crypto markets, on the other hand, such fluctuations are frequent.

Bitcoin, for example, on October 3rd, 2018, had a value of 6,502 dollars, while today it fell to 3,852, with a loss in three months of 40%.

So, in these three months, the loss of value of BTC is comparable to that of Apple shares. However, it is not the first time that the most important cryptocurrency experiences such losses.

During 2018 it went from $14,112 to $3,742, with a loss of 73% in twelve months, so much so that people thought the speculative bubble on bitcoin had burst.

And it was not the first time either: there are at least three other bursts of similar bubbles on bitcoin.

In the past, Apple’s stock was also the victim of losses of similar magnitude, but only once: in August 2000 it was worth more than 4.5 dollars, while in December it was worth just over 1 dollar, with a loss of almost 80% in four months.

It was the so-called bursting of the dot-com bubble, but it was the only collapse of this magnitude for the Apple stock. Moreover, starting in 2009, a growth trend began that brought it from 12 to 232 dollars, with a gain of 1,800% in just under ten years, which to many looks like a bubble.

Therefore, the dynamics of the changes in the prices of bitcoin and Apple stock are different, however, both experienced large losses in value in a short time.

These are, to date, much more frequent on bitcoin, so much so that on the Apple stock those of large magnitude are somewhat rare.

However, value losses of more than 40% are not very rare on the Apple stock, since in the past they have occurred many other times: in 1996, 2003, 2008 and 2013.

On bitcoin, on the other hand, these minor losses are much more frequent, so much so that they are now considered normal.

Marco Cavicchioli
Marco Cavicchioli
"Classe 1975, Marco è stato il primo a fare divulgazione su YouTube in Italia riguardo Bitcoin. Ha fondato ilBitcoin.news ed il gruppo Facebook "Bitcoin Italia (aperto e senza scam)".