Since its inception, the price of bitcoin has grown steadily. At the end of 2013, he reached a mark of $ 1,000, and then fell sharply. Bitcoin was overvalued because of speculations that may occur in all financial markets. Often, rising prices can cause a kind of avalanche. You probably noticed that seeing the increase in prices, people are starting to buy more actively, fearing an even higher price increase. This creates massive hysteria. Prices in this scenario can be overestimated artificially.