theres no way to value a currency, then theres no way to know if its price far exceeds its underlying value. Some governments, like Ukraine, make promises to encourage ICOs to move there, while others, like China, ban the trade outright. . Org and keep reading!
This Is What Could Pop the Bitcoin Bubble - Bloomberg
Another fuel is the Initial Coin Offering, or ICO market. (nasdaq: ostk up 193 since it announced it wanted to make a market in cryptocurrency assets the announcement turned to gold for Square, which rose 5 in two days, a gain of over 500 million. Forks meant to increase supply and reduce trading costs have fallen flat. Thus, cash goes into the Bitcoin market, obtaining the coins needed to buy ICOs, but cash doesnt come out, as ICOs are profiting from just holding them. Thats a 600x increase in price. Thats why I think theres a high probability that this market will completely collapse. Its important to consider the perspective of financial experts. Every recession is preceded by speculation on some asset real estate, dot-com stocks, gold rising to the skies. What is a bubble? The idea of an open-source technology currency seemed too outlandish.
While the digital currency has defied doomsday prophesies, theres. Bitcoin Bubble, explained in 4 Charts. Cryptocurrencies have surely been the best-performing asset class of 2017. The crown jewel of the crypto world.
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