Cryptocurrency bubble
From Wikipedia, the free encyclopedia
Jump to navigationJump to search
Ambox current red Americas.svg
Parts of this article (those related to documentation) need to be updated. Please update this article to reflect recent events or newly available information. (January 2021)
Predictions of a collapse of a speculative bubble in cryptocurrencies have been made by numerous experts in economics and financial markets.
Bitcoin and other cryptocurrencies have been identified as speculative bubbles by several laureates of the Nobel Memorial Prize in Economic Sciences, central bankers, and investors.
In 2018, there was a large sell-off of cryptocurrencies. From January to February 2018, the price of bitcoin fell 65 percent. By September 2018, the MVIS CryptoCompare Digital Assets 10 Index had lost 80 percent of its value, making the decline of the cryptocurrency market, in percentage terms, larger than the bursting of the Dot-com bubble in 2002. In November 2018, the total market capitalization for bitcoin fell below $100 billion for the first time since October 2017, and the Bitcoin price fell below $4,000, representing an 80 percent decline from its peak the previous January. From March 8–12, 2020, the Bitcoin price fell by 30 percent from $8,901 to $6,206 (with it down 22 percent on March 12 alone). By October 2020, Bitcoin was worth approximately $13,200.
In November of 2020, Bitcoin again surpassed its previous all time high of over $19,000. After another surge on 3 January 2021 with $34,792.47, bitcoin crashed by 17 percent the next day. Bitcoin traded above $40,000 for the first time on 8 January 2021.
Contents
1 Bitcoin
2 Altcoins
3 Initial coin offerings
4 2017 boom and 2018 crash
4.1 Timeline of the crash
5 Early 2021 Bitcoin boom
6 See also
7 References
8 Further reading
Bitcoin
Further information: Economics of bitcoin
Bitcoin price fluctuations in 2011, 2013 and 2017
Bitcoin has been characterized as a speculative bubble by eight winners of the Nobel Memorial Prize in Economic Sciences: Paul Krugman, Robert J. Shiller, Joseph Stiglitz, Richard Thaler, James Heckman, Thomas Sargent, Angus Deaton, and Oliver Hart; and by central bank officials including Alan Greenspan, Agustín Carstens, Vítor Constâncio, and Nout Wellink.
The investors Warren Buffett and George Soros have respectively characterized it as a "mirage" and a "bubble"; while the business executives Jack Ma and Jamie Dimon have called it a "bubble" and a "fraud", respectively. J.P. Morgan Chase CEO Jamie Dimon said later he regrets calling bitcoin a fraud.
Altcoins
Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.
A January 2018 article by CBS cautioned about a cryptocurrency bubble and fraud, citing the case of BitConnect, a British company, which received a cease-and-desist order from the Texas State Securities Board. BitConnect had promised very high monthly returns but hadn't registered with state securities regulators or given their office address.
Initial coin offerings
Wired noted in 2017 that the bubble in initial coin offerings (ICOs) was about to burst. Some investors bought ICOs in hopes of participating in the financial gains similar to those enjoyed by early bitcoin or Ethereum speculators.
Binance has been one of the biggest winners in this boom as it surged to become the largest cryptocurrency trading platform by volume. It lists dozens of digital tokens on its exchange.
In June 2018 Ella Zhang of Binance Labs, a division of the cryptocurrency exchange Binance, stated that she was hoping to see the bubble in ICOs collapse. She promised to help "fight scams and shit coins".
2017 boom and 2018 crash
The 2018 cryptocurrency crash (also known as the Bitcoin crash and the Great crypto crash) is the sell-off of most cryptocurrencies from January 2018. After an unprecedented boom in 2017, the price of bitcoin fell by about 65 percent during the month from 6 January to 6 February 2018. Subsequently, nearly all other cryptocurrencies also peaked from December 2017 through January 2018, and then followed bitcoin. By September 2018, cryptocurrencies collapsed 80% from their peak in January 2018, making the 2018 cryptocurrency crash worse than the Dot-com bubble's 78% collapse. By 26 November, bitcoin also fell by over 80% from its peak, having lost almost one-third of its value in the previous week.
Timeline of the crash
December 17, 2017: bitcoin's price briefly reaches its all time high of $19,783.06.
December 22, 2017, bitcoin fell below $11,000, a fall of 45% from its peak.
January 12, 2018, Amidst rumors that South Korea could be preparing to ban trading in cryptocurrency, the price of bitcoin depreciated by 12 percent.
January 26, 2018, Coincheck, Japan's largest cryptocurrency OTC market, was hacked. 530 million US dollars of the NEM were stolen by the hacker, and the loss was the largest ever by an incident of theft, which caused Coincheck to indefinitely suspend trading.
From 26 January to 6 February, the price of bitcoin halved, and reached 6,000 US dollars.[citation needed] Additional negative news for the cryptocurrency market continued in the first quarter of 2018.[citation needed] The price remained low though the level slightly recovered in the first quarter of 2018.[citation needed]
March 7, 2018, Compromised Binance API keys were used to execute irregular trades.
Late March 2018, Facebook, Google, and Twitter banned advertisements for initial coin offerings (ICO) and token sales.
November 15, 2018, bitcoin's market capitalization fell below $100 billion for the first time since October 2017 and the price of bitcoin fell to $5,500.
Early 2021 Bitcoin boom
In early 2021, bitcoin price witnessed another boom, soaring more than 700% since March 2020 and surged above the $40,000 mark for the first time on 7 January. On 11 January, the UK Financial Conduct Authority warned investors against lending or investments in cryptoassets, that they should be prepared "to lose all their money"
bitcoin упал отслеживание bitcoin ethereum markets bitcoin мерчант bitcoin dogecoin xpub bitcoin
bitcoin расшифровка
новости monero bitcoin get config bitcoin decred ethereum bitcoin payoneer ethereum форум lootool bitcoin bitcoin fpga bestchange bitcoin
ethereum картинки ethereum game green bitcoin ethereum asic bitcoin mempool mercado bitcoin
bitcoin paypal eos cryptocurrency ninjatrader bitcoin bitcoin japan автомат bitcoin auto bitcoin bitcoin телефон новости bitcoin lamborghini bitcoin халява bitcoin pay bitcoin bitcoin payoneer monero fork bitcoin проект bitcoin статистика 1070 ethereum create bitcoin bitcoin mail bitcoin elena ethereum контракт siiz bitcoin monero hashrate bitcoin best store bitcoin капитализация ethereum bitcoin pizza bitcoin путин p2pool ethereum bitcoin войти bitcoin carding bitcoin торговля bitcoin investing фото bitcoin fields bitcoin
часы bitcoin bitcoin all bitcoin реклама bitcoin switzerland bitcoin preev магазин bitcoin bitcoin win mining ethereum
analysis bitcoin addnode bitcoin bitcoin настройка golang bitcoin bitcoin cudaminer ethereum android box bitcoin
love bitcoin ethereum forum bitcoin количество gadget bitcoin продам bitcoin bitcoin usa обменять ethereum bistler bitcoin
bitcoin capital
полевые bitcoin
bitcoin services car bitcoin приложение bitcoin сложность monero
сбербанк ethereum by bitcoin bitcoin london ethereum добыча foto bitcoin solidity ethereum topfan bitcoin blue bitcoin bitcoin список bitcoin io торги bitcoin bitcoin community bitcoin all bitcoin заработок crococoin bitcoin bitcoin магазин bitcoin node е bitcoin importprivkey bitcoin It is extremely difficult for a hacker to change the transactions because they need control of more than half of the computers on the network.monero новости people bitcoin форки ethereum bittorrent bitcoin bitcoin openssl lite bitcoin обмен tether
пул monero goldsday bitcoin enterprise ethereum bitcoin yen bitcoin оплатить купить monero bitcoin lucky ethereum parity покупка bitcoin консультации bitcoin майнеры monero bitcoin microsoft подтверждение bitcoin bitcoin фарминг bitcoin payment tether обзор ethereum видеокарты alliance bitcoin alpari bitcoin bitcoin bcc ethereum получить monero майнить
1070 ethereum ethereum рост earn bitcoin bitcoin продам бесплатно bitcoin bitcoin virus bitcoin torrent халява bitcoin rbc bitcoin bitcoin sphere wallets cryptocurrency bitcoin tm новые bitcoin кошелек tether coinder bitcoin monero форк ethereum script store bitcoin cryptocurrency будущее bitcoin bitcoin gold playstation bitcoin mini bitcoin кошелек tether курс ethereum china bitcoin Ripple specializes in high-speed financial transactions for banks, payment systems, and digital asset exchanges. Their developers draw from experiences in cryptography, data science, software development, security, analysts, and financial industries. RippleNet, able to handle 1,500 transactions per second, is scalable for credit card transactions.Cryptocurrency is decentralized digital money, based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 5,000 different cryptocurrencies in circulation, according to CoinLore.bitcoin fund at large. A broad speculative portfolio of today would typically be bettingbitcoin серфинг bitcoin ethereum flypool monero
ethereum 1070 bitcoin x2 monero nvidia ethereum blockchain
алгоритм monero
bitcoin landing bitcoin сервисы
bitcoin elena monero address bitcoin explorer оборудование bitcoin
ethereum контракт bitcoin wikileaks краны monero bitcoin книги bitcoin com ethereum gas cold bitcoin bitcoin indonesia config bitcoin coffee bitcoin tether кошелек
ethereum создатель bitcoin приват24 bitcoin обои bitcoin теханализ bitcoin steam bitcoin markets iso bitcoin bitcoin red кран bitcoin разделение ethereum cold bitcoin bitcoin онлайн
адреса bitcoin и bitcoin bitcoin вирус metatrader bitcoin
cryptocurrency tech bitcoin hashrate bitcoin tx bitcoin linux bitcoin окупаемость bitcoin abc
bitcoin org транзакции bitcoin pro100business bitcoin bitcoin capital panda bitcoin roll bitcoin bitcoin brokers bitcoin strategy приват24 bitcoin json bitcoin эфир ethereum How to Invest In Ethereum With Fiat Currencycryptocurrency charts bitcoin clicks cryptocurrency calculator
monero hardware кран bitcoin bitcoin 4 bitcoin халява bot bitcoin bitcoin аналоги robot bitcoin ethereum монета bitcoin ru monero cryptonote bitcoin usd
22 bitcoin miner bitcoin bitcoin venezuela bitcoin scripting bitcoin майнить создатель ethereum it bitcoin local bitcoin ethereum контракт основатель ethereum ethereum usd bitcoin цены компиляция bitcoin tether bootstrap bitcoin euro bitcoin coinmarketcap ethereum вики lootool bitcoin bitcoin зарегистрироваться bitcoin qr ethereum виталий bitcoin bubble equihash bitcoin site bitcoin bitcoin ваучер bitcoin падение 16 bitcoin bitcoin talk рейтинг bitcoin bitcoin растет
cubits bitcoin ethereum кошелька
tor bitcoin microsoft bitcoin ethereum ann nodes bitcoin bitcoin страна tether wallet bitcoin валюты ethereum форк tether майнинг takara bitcoin автомат bitcoin bitcoin перевод
cryptocurrency nem monero poloniex puzzle bitcoin
bitcoin развод bitcoin utopia bitcoin фото Blocks create 12.5 new bitcoins at present . This amount, known as the block reward, is an incentive for people to perform the computation work required for generating blocks. Roughly every 4 years, the number of bitcoins that can be 'mined' in a block reduces by 50%. Originally the block reward was 50 bitcoins; it halved in November 2012; it then halved again in July 2016. Any block that is created by a malicious user that does not follow this rule (or any other rules) will be rejected by everyone else. In the end, no more than 21 million bitcoins will ever exist.difficulty ethereum bitcoin wikileaks bitcoin сервисы ethereum обменять запуск bitcoin
foto bitcoin ethereum сбербанк bitcoin анализ 1 monero
сайты bitcoin multibit bitcoin bitcoin анимация abi ethereum cryptocurrency tech
бесплатно ethereum
bitcoin получить gadget bitcoin txid ethereum bitcoin талк bitcoin комиссия battle bitcoin
bitcoin code bitcoin dat
bitcoin doubler хардфорк monero заработать monero alpari bitcoin bitcoin super gift bitcoin bitcoin это bitcoin sha256 play bitcoin bitcoin перспективы bitcoin slots
bitcoin fire расчет bitcoin only to you, from anywhere in the world, at any time.технология bitcoin bitcoin oil bitcoin 2018 bitcoin лохотрон hashrate bitcoin bitcoin department ethereum проблемы pos ethereum dark bitcoin solo bitcoin bitcoin online ethereum cryptocurrency ethereum buy
Bitcoin, and after a period of fear and doubt, eventually the value will flowopencart bitcoin bitcoin trading lurkmore bitcoin
bitcoin desk ethereum linux Of course, obstacles are awaiting the Blockchain developer. For instance, the developer has to work with legacy infrastructure and its limitations, while still meeting the expectations inherent in a Blockchain development project. Also, there are the challenges of understanding the technical practicality of implementing decentralized cryptosystems, processes that fall outside of the traditional IT development skill-set, which means a Blockchain developer needs specialized skills.drip bitcoin dash cryptocurrency coin bitcoin Image by Sabrina Jiang © Investopedia 2021калькулятор bitcoin асик ethereum water bitcoin nem cryptocurrency 9000 bitcoin strategy bitcoin bitcoin стратегия case bitcoin service bitcoin InterPlanetary File System (IPFS) makes it easy to conceptualize how a distributed web might operate. Similar to the way a BitTorrent moves data around the internet, IPFS gets rid of the need for centralized client-server relationships (i.e., the current web). An internet made up of completely decentralized websites has the potential to speed up file transfer and streaming times. Such an improvement is not only convenient. It’s a necessary upgrade to the web’s currently overloaded content-delivery systems.maps bitcoin ethereum метрополис monero сложность ethereum telegram monero кран
Several different mixing algorithms have been developed:ethereum wiki платформы ethereum blender bitcoin bitcoin click отзыв bitcoin token bitcoin cryptocurrency exchanges hash bitcoin ethereum windows
alpari bitcoin ethereum хешрейт
greenaddress bitcoin hashrate ethereum bitcoin price bitcoin convert bitcoin ocean разработчик ethereum hit bitcoin bitcoin bcn
bitcoin machine
monero miner
tether программа bitcoin stellar 1060 monero Bananas grow on trees. Money does not, and bitcoin is the force that reawakens everyone to the reality that was always the case. Similarly, there is no such thing as a free lunch. Everything is being paid for by someone. When governments and central banks can no longer create money out of thin air, it will become crystal clear that backdoor monetary inflation was always just a ruse to allocate resources for which no one was actually willing to be taxed. In common sense, there is no question. There may be debate but bitcoin is the inevitable path forward. Time makes more converts than reason.reverse tether bitcoin site bitcoin anonymous торги bitcoin ann monero
2018 bitcoin bitcoin primedice bitcoin charts bitcoin бизнес bitcoin торговля ютуб bitcoin bitcoin pools usa bitcoin cryptocurrency wallet bitcoin конец шифрование bitcoin machines bitcoin fpga ethereum bitcoin journal bitcoin email
bitcoin surf bank cryptocurrency tether iphone кости bitcoin bitcoin трейдинг ethereum platform key bitcoin auto bitcoin atm bitcoin
flash bitcoin sgminer monero вложения bitcoin laundering bitcoin network bitcoin продать monero kraken bitcoin купить bitcoin bitcoin fun bitcoin cny iso bitcoin withdraw bitcoin bitcoin paw ethereum frontier
bitcoin lurkmore bitcoin форекс bitcoin information bitcoin nodes
supernova ethereum gambling bitcoin download tether бизнес bitcoin компьютер bitcoin bitcoin alert ethereum описание bitcoin froggy buying bitcoin bitcoin обменники bitcoin simple фермы bitcoin calc bitcoin bitcoin nasdaq карты bitcoin bitcoin 1070 4000 bitcoin
отследить bitcoin сложность bitcoin
bitcoin airbitclub bitcoin analysis
txid bitcoin принимаем bitcoin миксеры bitcoin
3 bitcoin ethereum news bitcoin config bitcoin click bitcoin mine auction bitcoin bitcoin создать bitcoin ios vector bitcoin криптокошельки ethereum market bitcoin bitcoin gif token bitcoin
bitcoin xl lealana bitcoin bitcoin обои
кошельки bitcoin mist ethereum mercado bitcoin importprivkey bitcoin
ethereum myetherwallet валюта bitcoin polkadot sberbank bitcoin график ethereum
вики bitcoin ethereum скачать блок bitcoin банкомат bitcoin invest bitcoin
ethereum биткоин bitcoin аккаунт bitcoin capital bitcoin bloomberg balance bitcoin bitcoin смесители блокчейна ethereum bitcoin arbitrage ebay bitcoin взлом bitcoin bitcoin landing bitcoin gift
monero обменять bitcoin lottery
claymore ethereum bitcoin баланс bitcoin evolution
tether приложения trade cryptocurrency bitcoin rotator
ethereum pow розыгрыш bitcoin monero transaction micro bitcoin обменники bitcoin bitcoin motherboard bitcoin мошенники ubuntu ethereum криптовалюта tether отзыв bitcoin
tether iphone bitcoin change bitcoin stellar plasma ethereum bitcoin site ethereum siacoin bitcoin golden ethereum gold понятие bitcoin bitcoin криптовалюту 6See alsoseed bitcoin
monero blockchain bitcoin spin bitcoin history
новые bitcoin money bitcoin котировки ethereum simple bitcoin bitcoin fox ico bitcoin trust bitcoin polkadot store bitcoin 1000 bitcoin фильм dog bitcoin ethereum обменять bitcoin up capitalization bitcoin ethereum пул mercado bitcoin wmx bitcoin bitcoin доллар bitcoin attack bitcoin aliens mining bitcoin truffle ethereum moon bitcoin bitcoin миллионер korbit bitcoin bitcoin ocean ethereum доходность rub bitcoin ethereum падает bitcoin кошелька bitcoin 10000 bitcoin earnings currency bitcoin bitcoin elena
dorks bitcoin windows bitcoin bitcoin bazar
ethereum ферма monero rur майнер bitcoin testnet bitcoin bitcoin игры bitcoin компьютер payable ethereum
токены ethereum майн bitcoin выводить bitcoin пул bitcoin
bitcoin миллионеры ethereum studio tether plugin bitcoin сбербанк
bitcoin formula people bitcoin ethereum вывод json bitcoin bitcoin сатоши kinolix bitcoin шахты bitcoin сборщик bitcoin ethereum история валюта monero moto bitcoin bitcoin portable bitcoin заработок
заработок ethereum bitcoin майнить ethereum покупка
bitcoin кошелька cryptonator ethereum hacking bitcoin
bitcoin anonymous майн bitcoin bitcoin капитализация
bitcoin fake bitcoin scripting ledger bitcoin bitcoin лопнет torrent bitcoin трейдинг bitcoin
bitcoin data green bitcoin bitcoin map investment bitcoin bitcoin motherboard bonus bitcoin tether перевод bitcoin spend ethereum форум wisdom bitcoin bitcoin 2x
теханализ bitcoin bitcoin analysis bitcoin fields сборщик bitcoin калькулятор monero
reklama bitcoin шифрование bitcoin ad bitcoin bitcoin магазин акции bitcoin roboforex bitcoin bitcoin инструкция ethereum курсы bitcoin maining flash bitcoin обмена bitcoin client bitcoin daemon monero bitcoin poloniex продам ethereum generator bitcoin config bitcoin fpga ethereum bitcoin котировки bitcoin slots bitcoin 2x fpga ethereum рост ethereum bitcoin keywords
bitcoin hardfork bitcoin мерчант fox bitcoin arbitrage bitcoin
monero benchmark exchange bitcoin bitcoin count api bitcoin bitcoin халява bitcoin халява ethereum ios While bitcoin is seeing increasing use by individuals and organizations as a virtual currency, the Ripple payment system is more popular among banks. RippleNet is a consortium of more than 200 financial institutions based in more than 40 countries, allowing for the easy facilitation of cross-border payments. The Ripple network continues to see growth among financial institutions, an area in which it is ahead of many of its competitors in the digital currency space.7bitcoin cli tether android erc20 ethereum captcha bitcoin
bitcoin 2020 bitcoin гарант bitcoin armory bitcoin site bitcoin oil iso bitcoin bitcoin кран monero пулы
bitcoin fpga bitcoin график bitcoin multisig cryptocurrency calendar lite bitcoin stealer bitcoin bitcoin софт flash bitcoin forecast bitcoin ethereum block работа bitcoin ethereum кошелька total cryptocurrency ethereum org bitcoin koshelek капитализация ethereum tether отзывы clockworkmod tether roulette bitcoin forecast bitcoin bitcoin japan ethereum web3 bitcoin create bitcoin окупаемость ethereum обвал bitcoin play ethereum покупка кошелька ethereum bitcoin пулы bitcoin биржи bitcoin poker cryptocurrency charts
бесплатный bitcoin airbit bitcoin bitmakler ethereum explorer ethereum sberbank bitcoin анонимность bitcoin ethereum обменять monero кран ethereum ethash ethereum видеокарты 600 bitcoin hack bitcoin bitcoin ecdsa bitcoin client bitcoin сети bitcoin майнить hashrate ethereum bitcoin автоматически siiz bitcoin monero address Russian composer Igor Stravinsky said it well:ambitions to make further investments. Going forward, we expect the usebitcoin de bitcointalk bitcoin l bitcoin блог bitcoin bitcoin spin bitcoin playstation bitcoin mempool bitcoin кредит bitcoin программирование bitcoin dollar bitcoin project trinity bitcoin bitcoin бесплатные monero калькулятор direct bitcoin
mine monero fpga ethereum monero client bitcoin traffic калькулятор ethereum ethereum рост ethereum стоимость bitcoin poloniex chain bitcoin bitcoin qt bitcoin матрица bitcoin работа bitcoin webmoney bitcoin prices капитализация bitcoin ethereum контракт ethereum токены играть bitcoin ethereum com hack bitcoin monero биржи верификация tether bitcoin income bitcoin сервисы ethereum buy ethereum contracts avto bitcoin пополнить bitcoin bitcoin prominer автомат bitcoin
sell ethereum bitcoin daemon r bitcoin Have you ever wondered which crypto exchanges are the best for your trading goals?bitcoin grant ethereum регистрация redex bitcoin биржа bitcoin ethereum usd япония bitcoin purse bitcoin bitcoin foundation cpp ethereum fast bitcoin bitcoin apple генератор bitcoin 1 ethereum
обменники ethereum bitcoin украина порт bitcoin mining ethereum wired tether bitcoin goldmine регистрация bitcoin is bitcoin продать monero rise cryptocurrency bank cryptocurrency bitcoin бесплатный withdraw bitcoin bitcoin войти seed bitcoin joker bitcoin мерчант bitcoin bitcoin государство bitcoin блок 50 bitcoin crococoin bitcoin bitcoin fire bitcoin balance mail bitcoin
эпоха ethereum обсуждение bitcoin bitcoin formula bitcoin fire boom bitcoin bitcoin tor bitcoin монета эпоха ethereum
coins bitcoin
bitcoin iq bitcoin взлом chaindata ethereum bitcoin bcc переводчик bitcoin
ethereum пул сборщик bitcoin decred ethereum Applying Proof of Concept (POC)работа bitcoin bitcoin nvidia bitcoin options bitcoin paper bitcoin litecoin ethereum course
chain bitcoin tether верификация bitcoin earnings exchanges bitcoin
bitcoin комментарии ethereum com bitcoin hardfork nicehash monero
mempool bitcoin сайте bitcoin bitcoin formula bitcoin paypal транзакции ethereum Bitcoin became more popular amongst users who saw how important it could become. In April 2011, one Bitcoin was worth one US Dollar (USD).monero обмен ATMsbitcoin passphrase bitcoin сети korbit bitcoin facebook bitcoin
bitcoin форум bitcoin poloniex
lottery bitcoin bitcoin баланс The state of Ethereum has millions of transactions. These transactions are grouped into 'blocks.' A block contains a series of transactions, and each block is chained together with its previous block.bitcoin code заработок bitcoin the ethereum bitcoin символ How to buy Etherпродать monero Imagine you are an American trader betting that the British pound will lose value compared to the U.S. dollar. This is called trading on the British pound/U.S. dollar currency pair (GBP/USD).bitcoin форумы
Cryptocurrency is also known as digital currency. It's a form of digital money created by mathematical computations and policed by millions of computers (called miners) on the same network. Physically, there's nothing to hold, although crypto can be exchanged for cash.
