Relevant chart:
Bitcoin has gone through several major bubbles so far but it has picked itself up every time. Even if bitcoin crashes this time (which I hope it will), bitcoin has benefitted largely from the media talking about the bubble, giving the cryptocurrency a huge number of new users and investors.
Using the pattern of the previous bubbles, recovery will be almost instantaneous as people (such as me) realise the opportunity to make big bucks by buying at bargain prices. It will be as if the crash never happened.
Bitcoin has gone through several major bubbles so far but it has picked itself up every time. Even if bitcoin crashes this time (which I hope it will), bitcoin has benefitted largely from the media talking about the bubble, giving the cryptocurrency a huge number of new users and investors.
Using the pattern of the previous bubbles, recovery will be almost instantaneous as people (such as me) realise the opportunity to make big bucks by buying at bargain prices. It will be as if the crash never happened.