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In Case You Missed It, Bitcoin Has Now Crashed 3 Times in the Past 5 Months

DATE POSTED:November 14, 2017

If we as investors looks back 10, 20, 50, or even 100 years, we'd have a hard time finding an asset with a more consistent long-term return than stocks. Every single commodity, and even housing-price inflation, takes a clear back seat to the 7% annual gains seen in the stock market over the long term, with the assistance of dividend reinvestment.

But 2017 has been a completely different beast. Virtual currencies like bitcoin and Ethereum have stolen all the glory, and with good reason. Through Nov. 13, bitcoin was up more than 560% since the year began, while Ethereum, the second-largest cryptocurrency by market cap, had jumped by nearly 3,850% in roughly 10 1/2 months. These are gains often generated over decades or during a lifetime that digital currencies have delivered for investors in less than a year.

Image source: Getty Images.

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