BTC is a bubble but technology itself isn't the bubble

in #mgsc6 years ago

bitcoin.jpgBitcoin may be the world's most talked about cryptocurrency, but technology itself isn't the bubble but bitcoin likely is. it is not right to become rich overnight by betting on blockchain. bitcoin's price continues to tumble after several high profile hack against exchanges.
investors have sold off their coin to keep their money safe after attacks on south korean exchanges Bithumb and CoinRail. the market was still in its bear cycle in mid june but the continued breaches have seen big losses across the market. bitcoin rose more than 1,300 percent last year to a high near $20,000 however the volatile currency's value has fallen by 50 percent to around $6,167, according to preev. cryptocurrency is unpredictable. there are massive spikes and drops. $4500 could be the bottom but there is nothing preventing $2500 from being the bottom. likewise as crypto becomes more maintream the price tends to rise. even if the price drops to $1000 there's nothing preventing another suge to $14,000.

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