Topic: Bitcoin bubble burst? (Read 95 times)
Bitcoin has gone through even bigger corrections in the past years so it is not the first time for its bubble burst. The bubble will reinflate and will be bigger next time.
What is this bitcoin bubble and what does it mean by it will burst?
The fact that the BTC bubble, so figuratively say. And the fact that this bubble will burst means that the cryptocurrency as a whole will cease to exist. The cryptocurrency market is experiencing a difficult period now. Prices have fallen dramatically, and many have a panic. Most likely for this reason, you can often hear the above mentioned phrase. Time will tell what awaits us.If the price of bitcoin fell from $ 20,000 to the current level of around $ 3,900, then we can say that the inflated bitcoin financial bubble has burst. However, Bitcoin can still work and rise in price again to $ 20,000 or more.
Bubble is economic sector is something that is supposedly selling at a higher price than what its worth.
Bitcoin had limited use and had limited use so its price should have rose as the demand. But people started buying and holding coins to manipulate price. That increased the pressure on mining and as the mined coins are limited with time, the difficulty of mining rose increasing the price per bitcoin.
But as people were saturated with buying every new bitcoin, the price hugely decreased bursting the price bubble.
Bitcoin had limited use and had limited use so its price should have rose as the demand. But people started buying and holding coins to manipulate price. That increased the pressure on mining and as the mined coins are limited with time, the difficulty of mining rose increasing the price per bitcoin.
But as people were saturated with buying every new bitcoin, the price hugely decreased bursting the price bubble.
What is this bitcoin bubble and what does it mean by it will burst?
The fact that the BTC bubble, so figuratively say. And the fact that this bubble will burst means that the cryptocurrency as a whole will cease to exist. The cryptocurrency market is experiencing a difficult period now. Prices have fallen dramatically, and many have a panic. Most likely for this reason, you can often hear the above mentioned phrase. Time will tell what awaits us. 
What is this bitcoin bubble and what does it mean by it will burst?
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