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.
What a lot of people seem to miss is that growth is not something that happens in a constant way, we can even see that with humans, I remember that when I was young I spent a summer not seeing my fiends and when I saw them at school everyone was taller than me, so we cannot expect that bitcoin grows in a linear fashion, bitcoin is going to grow and then shrink and in this process it is going to develop until it is mature.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.