let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:
2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496
if you look at the list above, what do you think is suitable for bitcoin other than bubble coin? "
Economists use the term" bubble "to escalate extreme asset prices on the basis of expectations of future price increases and without the support of economic fundamentals, and usually followed by the contrary reality of expectations, and the drop in prices." Maybe it could be said that one of the reasons why people think like that. But there are also people who take advantage of this bitcoin condition and take a huge profit from it.