What happens to the price of Bitcoin? July 17 volume was about $ 4,242 billion. A quick rise in a couple of hours and about $ 1 billion was added to the market. This led to an increase in the price of Bitcoin by 8%, from $ 6700 to $ 7300. The idea that the Bitcoin bubble is like the dot-com bubble in 15x speed might sound bad, and if it is true, it could have some negative connotations in the short-term. However, from a long-term perspective, if you let the logic of that play out, you can see that this is an exciting proposition. This places Bitcoin in what some refer to as the happy “euphoria” part of an investment bubble. Though the currency never actually reached the final iteration of an investment bubble, known as panic, it did experience a significant scare as prices continued to fall at the beginning half of 2018. But for the cryptocurrency community, this is nothing new. Loudly proclaiming Bitcoin is a bubble likely to collapse sooner or later are laureates Richard Thaler and Paul Krugman. Richard Thaler is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics ... It is a fact that a lack of liquidity could reflect a fall in asset prices, a hypothesis that holds good in Bitcoin’s case. BTC’s prospects temporarily got bad after ‘Black Thursday,’ something that can be observed in the attached chart. Bitcoin’s liquid index fell from USD 7853.86 to USD 4931.29 in just a day’s time, and it has been around the same level for some time now. At ... The bad ones sound like click bait (e.g., “how to predict the next Ripple, Ethereum, and Bitcoin,” “Cryptocurrencies you need to invest in right now,” etc.). While the industry is ... "The Bitcoin Bubble and a Bad Hypothesis". The National Interest. Archived from the original on 22 October 2014. Retrieved 31 October 2014. Unknown parameter deadurl= ignored ^ Biggs, John. "Researchers find that one person likely drove Bitcoin from $150 to $1,000". TechCrunch. Crypto doesn’t exist in a bubble. Investors who hold crypto also hold other assets, and as much as we’d love to believe “all you need is crypto” — we still live in a world denominated in US dollars. The global macro environment matters a lot to what happens to the crypto asset class. The forces that made crypto an attractive concept (centralized mega powerful corporations, political ... "The Bitcoin Bubble and a Bad Hypothesis". The National Interest. Archived from the original on 22 October 2014. Retrieved 31 October 2014. Cite uses deprecated parameter deadurl= ↑ Biggs, John. "Researchers find that one person likely drove Bitcoin from $150 to $1,000". TechCrunch. Archived from the original on 15 January 2018.
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