RE: Bitcoin price history: What triggered the drop in value and whether analysts predict it will recover

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Bitcoin price history: What triggered the drop in value and whether analysts predict it will recover

in bitcoin •  7 years ago 

For me, can't help ro notice that rise in price is not based on income based on utility value, or to adoption in use by buisness, but due to high speculation, and there is clearly huge disproportion between rise in value and buisness income, which should be clear indicator of some kind of speculative bubble.

As it take more amplitude, and there is lot of scams abuses and bubble all around that nobody wants to really address, it wouldnt surprise me that many government start to crack down on many things, and so some clean up on many site operating with crypto.

It happenned like this with virtually every underground motion these past 20/30 years, where the focus shift to quick buck making, surrounded by lot of criminal activity where genuine idealism become just a facade to run pseudo criminal activity that is going mainstream with lack of transparency and fakse promise by many people just after unregulated easy cash.

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very nice