The risk of bubble bitcoin this should be aware of

Dear steemians

Spike value bitcoin since the first launched in 2011 only US $ 1 per pieces into the range of US $ 15 thousand per pieces now start alarming most parties as predicted to be at risk of bubble. frisk price bitcoin this one of which caused investors large-scale who want to speculate.

When high demand, the value of virtual currency increased and risk bubble. bubble or bubble is the current state of the value of the investment into high not reasonable.

Economists Institute for development of economics and finance (indef) bhima yudhistira adinegara said conditions bubble need to look out. "to ensure the bubble need to be analyzed comprehensive price comparison between bitcoin currency digital,"

According to bhima, conditions bubble happen if the value bitcoin slump in conjunction with other currencies with numbers are relatively same. bhima said investors concurrently do selling.

However, if the decline in value occurs partially, the condition can not be called a bubble. As it happens today, the value of Bitcoin decreases after soaring. During this week Bitcoin continues to decline.

Based on Bitcoin.com data, the value of this virtual currency is US $ 18,991 per chip on Monday, December 18th. With an exchange rate of Rp 13,500, the value is equivalent to Rp 256.37 million.

The next day, the value of Bitcoin fell to IS $ 17,532.70 or Rp 236.68 million per chip. The value again declined to US $ 16,496 or Rp 222.69 million per chip on Wednesday, December 20th.

The decline occurred again on Thursday, December 21. Bitcoin value to US $ 15,785 or Rp 213,09 million per chip. At the weekend, the value dropped to US $ 15,699 or Rp 211.93 million on Friday, December 22. Then down again to US $ 14,049 or Rp 189.66 million on Saturday, December 23rd.

Bhima said the decline this time is the effect of Bitcoin sales for Christmas and New Year's needs that take place globally fan together. "It's the same with the busy gold shop just before Idul Fitri," he said. This decline is expected only temporarily due to short-term profit taking action.

Another factor in the decline in the value of Bitcoin is the change in investor preferences to buy cryptocurrencies of lesser value, such as Enthereum and Lite Coin. Currently there are over a thousand types of cryptocurrency that investors can choose.

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