Post
Topic
Board Bitcoin Discussion
Re: Bubbles a good thing?
by
MaidaKalani
on 12/06/2018, 22:05:21 UTC
Bubbles can be a good thing, but it can also be a bad thing because even if it breaks it will not have a significant impact on global finance because of the lack of official institutional funding that goes into the world of cryptocurrency, when the first bitcoin bubble burst in 2013 at the highest bitcoin price around 1300 USD which then fell more than 50% in a short time did not have a real impact, even the price of bitcoin then fell to the range of $ 200. And now the new bubblen size is about 10x from what happened in 2013. from the existing data2 bubble bitcoin should still have the potential to become much larger again before then broke.

certainly will be many traders, speculators and even lay investors who will experience painful losses, but it can not be avoided. but the positive value that will be generated from the bubble bitcoin bubble in the near future can be a blessing in itself by removing various hyip / lending / investment platforms and the like, also giving the media a greater interest in cryptocurrency as a free promotion, and opening up the possibility of regulatory entry from the state to manage the various cryptocurrency businesses who currently operate without the legal umbrella and lack of encouragement to provide the best service to their customers.