Topic: "Biggest Bitcoin Bubble Now Starts Broken" (Read 130 times)
For me the recent volatility of the cryptocurrency market is essential to boost the market stronger growth in the future so do not panic during this time. Watch the market calmly to be ready to catch up with the market and make the right decision for the worst case scenario.
To be honest it was expected to have some dip and dumping along the way. Thing was that bitcoin was one of the most talked topics on the news which is why it succeeded to go that far, but when you think of it it went fast up. I believe in bitcoin and crypto future as well.
The bubble or bubble phenomenon in bitcoin is now beginning to look broken along with the fall of the virtual currency exchange rate when compared with peak period.
A group of analysts led by Bank of America Chief Investment Strategist Michael Harnett, said that the fall of the bitcoin exchange rate occurred less than a year after reaching the highest price
Quoted from Bloomberg, Tuesday (10/4/2018), the highest exchange rate bitcoin occurred in December 2017 ago, ie 19,511 US dollars.
Then on Monday (9/4/2018), its value fell more than 65 percent to 5,900 US dollars.
On the same day, the exchange rate of bitcoin recovered about 2.2 percent and became 6,750 US dollars.
In addition to noting about the outbreak of the bitcoin bubble, Bank of America also paired it with a number of other asset bubbles.
The assets in question are tulips, Mississippi and South Sea companies, gold and Black Tuesday events or the Wall Street stock collapse in 1929.
I'm sure, bitcoin will not die, I always hope the bitcoin will still exist, and the better its progress.
A group of analysts led by Bank of America Chief Investment Strategist Michael Harnett, said that the fall of the bitcoin exchange rate occurred less than a year after reaching the highest price
Quoted from Bloomberg, Tuesday (10/4/2018), the highest exchange rate bitcoin occurred in December 2017 ago, ie 19,511 US dollars.
Then on Monday (9/4/2018), its value fell more than 65 percent to 5,900 US dollars.
On the same day, the exchange rate of bitcoin recovered about 2.2 percent and became 6,750 US dollars.
In addition to noting about the outbreak of the bitcoin bubble, Bank of America also paired it with a number of other asset bubbles.
The assets in question are tulips, Mississippi and South Sea companies, gold and Black Tuesday events or the Wall Street stock collapse in 1929.
I'm sure, bitcoin will not die, I always hope the bitcoin will still exist, and the better its progress.
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