Risks of Bitcoin Crash
The cryptocurrency world is full of unexpected movements and crypto followers are used to the changing rates and waves.
The digital currency is a fast growing investment and one of the most profitable for those who are experts of this area. However, there are lots of concerns about what is going to happen in the future and if we should ever be afraid of the Bitcoin crash.
Who is going to be responsible for miner’s loss? Nobody, but the miners!
The beginning of Bitcoin
The digital currency appeared in January 2009. Its creator is still mysterious and we can only guess whether it was Satoshi who invented such a giant digital machine or somebody else.
The impact of the innovation has given the world a great push. It was not a temporary project or a crazy idea.
Bitcoin opened a wide horizon for technology and untraditional approaches to the whole financing sphere. Blockchain itself has become a crucial element of numerous platforms and systems.
What we can never know about the digital money is the scale of its impact on our society and future generations. What we should never be afraid of is Bitcoin crash.
Should I believe predictions?
Mass media has always had a lot of things to do. The guys are playing with people’s trust and emotions. Crypto world is not an easy game to play. We’d even better say it’s not a kind of a game. It’s not gambling. There is no place for hesitation; thought there is always much risk if you are not aware of the whole concept.
Media sources are full of predictions. If you believe the fortunetellers can sort out your troubles, then you are that person who can rely on predictions. Forecasting Bitcoin crash is a necessary topic for a great number of Bitcoin haters.
You can have your own answer to the prediction if you know Bitcoin’s history, able to analyze the crypto rate changes, and have critical thinking.
Bitcoin crash in 2018
A great number of financial markets continues making a prognosis for a collapse in the crypto world. Let’s have a look at Bitcoin crash in 2018, its reason and consequences. Is it all that harmful as it may seem?
Bitcoin and other cryptocurrencies were identified as speculative bubbles. Central bankers, investors and other influential activists stated their arguments about the odd place of the crypto currency in the world.
In 2018, cryptocurrencies experienced a large sell-off.
The Bitcoin crash was a 65% fall. The MVIS CryptoCompare Digital Assets 10 Index is a modified market cap-weighted index, which tracks the performance of the 10 largest and most liquid digital assets.
By September 2018, it had lost 80% of its value, making the decline of the cryptocurrency market.
Bitcoin crash happens one day
You remember Bitcoin’s story, and you can see its place today. Bitcoin sets new record high of 19,850$ at the end of 2020. If you had a good lesson in Digital History, you should remember that number from late 2017. You should also be aware of other digits.
The 22nd of May, 2010 is the first online purchase using Bitcoin. Laszlo Hanvecz buys Papa John's pizza for 10,000 coins. The price is 25$, Bitcoin value was 0.0025 cents for 1 coin.
Let’s try to forget that period as we all start regretting about our lost chance to earn a fortune.
In 2012, the price is 13$, from 2013 to 2017, it is not more than 1000$. Several hundred dollars are not the sum to regret about. However, the crypto currency gives a great surprise and adds a couple of digits on the right.
From 2017 and till today we have seen the great value of Bitcoin. This has been thousands of dollars. And it’s not going to stop.
Bitcoin crash can happen one day, as it is a part of its nature. To fall and rise. So what?