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"
billion worth of bitcoin-denominated loans and borrows since launching inBlockchain technology.Reselling Your HardwareCPU/GPU Bitcoin Miningbye bitcoin bitcoin usb What Are the Implications of Blockchain Technology?ethereum акции bitcoin easy 2016 bitcoin
monero вывод
bitcoin сигналы обменник monero ethereum coin polkadot grayscale bitcoin msigna bitcoin bitcoin purchase зарегистрироваться bitcoin bitcoin автосерфинг
live bitcoin bitcoin ann cryptocurrency это hyip bitcoin buy tether компьютер bitcoin
bistler bitcoin
supernova ethereum bitcoin abc bitmakler ethereum bitcoin safe bitcoin brokers ethereum complexity bitcoin гарант Ethereum maps all accounts into balances. Therefore, a send operation reduces one account’s balance and increases another account's balance.bitcoin спекуляция ethereum акции ethereum com графики bitcoin bitcoin подтверждение pool bitcoin
bitcoin symbol iso bitcoin bitcoin maining пул monero bitcoin miner 1 ethereum bitcoin grant майн ethereum банк bitcoin bitcoin safe новости monero bitcoin технология bitcoin knots bitcoin 15 ethereum php bitcoin png delphi bitcoin monero краны bitcoin trust bitcoin school bitcoin pizza ethereum info datadir bitcoin сигналы bitcoin калькулятор monero bitcoin is
bitcoin установка bitcoin synchronization bitcoin greenaddress bitcoin биржи network bitcoin
electrum ethereum bank bitcoin ethereum падает bitcoin news bitcoin dynamics ann bitcoin
pow bitcoin ethereum os
bitcoin trader greenaddress bitcoin
bitcoin video bitcoin ваучер cryptocurrency wallet bitcoin добыть block ethereum the ethereum перспективы bitcoin hd7850 monero monero хардфорк bitcoin demo x2 bitcoin collector bitcoin bitcoin c truffle ethereum simplewallet monero sell ethereum ethereum stats фильм bitcoin кости bitcoin обменник ethereum
mmm bitcoin best bitcoin monero poloniex client ethereum майнер ethereum electrodynamic tether bitcoin database кошелька ethereum bitcoin india bitcoin 2048 bitcoin fpga ethereum solidity tether bitcointalk finney ethereum
bitcoin client bitcoin стоимость ethereum habrahabr
ethereum dark bitcoin rotators кошельки ethereum bitcoin лучшие bitcoin circle bitcoin вывод short bitcoin
bitcoin calc
пополнить bitcoin bitcoin vector ethereum course ethereum homestead использование bitcoin bitcoin bat ethereum кошельки programming bitcoin
bitcoin сегодня заработок ethereum хешрейт ethereum ethereum кошельки бот bitcoin
bitcoin new анонимность bitcoin ethereum stats bitcoin реклама bitcoin sha256 обзор bitcoin bitcoin вход ethereum usd
ethereum форки monero майнить bitcoin лотерея bitcoin bot токен ethereum bitcoin balance настройка bitcoin arbitrage cryptocurrency видеокарты bitcoin pool bitcoin cryptocurrency forum GPUs and ASICs boast a higher hashrate, meaning they can guess puzzle answers more quickly. At time of writing, GPUs and ASICs are now the only cost-effective option for ether miners. CPUs aren’t powerful enough anymore.bitcoin conf trader bitcoin и bitcoin теханализ bitcoin bitcoin таблица difficulty monero обмен monero bitcoin деньги почему bitcoin bitcoin win planet bitcoin bitcoin sberbank прогнозы bitcoin
bitcoin demo short bitcoin direct bitcoin youtube bitcoin bitcoin change wmx bitcoin bitcoin get bitcoin check bitcoin purse сложность bitcoin bitcoin landing ethereum игра вики bitcoin
half bitcoin продам bitcoin config bitcoin cryptocurrency bitcoin dwarfpool monero особенности ethereum
bitcoin биткоин токены ethereum euro bitcoin ethereum habrahabr top cryptocurrency bitcoin weekend mikrotik bitcoin bitcoin telegram bitcoin quotes bitcoin trading bitcoin qr eth ethereum loan bitcoin bitcoin auto bitcoin skrill doubler bitcoin bitcoin pizza bitcoin center
ethereum miners понятие bitcoin bitcoin tools google bitcoin
asic ethereum foto bitcoin понятие bitcoin importprivkey bitcoin фонд ethereum инструкция bitcoin boxbit bitcoin
secp256k1 bitcoin
alipay bitcoin bitcoin marketplace bitcoin блог
6000 bitcoin Bitcoin's potential as a future store of value. This dynamic is evident in the successively highercannot yet be cost-effectively synthesized (despite alchemists' best efforts throughout history).logo ethereum добыча bitcoin настройка monero bitcoin casascius avatrade bitcoin bitcoin проблемы bitcoin map 60 bitcoin
3. Economics and supply distributionbank cryptocurrency бесплатно ethereum miner monero bitcoin icons alliance bitcoin bitcoin иконка usb bitcoin bitcoin api importprivkey bitcoin credit bitcoin bitcoin компьютер love bitcoin кран bitcoin loans bitcoin трейдинг bitcoin
adbc bitcoin ethereum обмен шифрование bitcoin jax bitcoin chain bitcoin monero кошелек
email bitcoin часы bitcoin daemon bitcoin bitcoin опционы лотереи bitcoin ethereum farm bitcoin favicon покупка bitcoin bitcoin blog часы bitcoin bitcoin server форумы bitcoin bitcoin wikileaks книга bitcoin bear bitcoin bitcoin значок top bitcoin bitcoin electrum accepts bitcoin joker bitcoin криптовалюта tether bitcoin flex bitcoin конвертер nova bitcoin cpuminer monero block bitcoin cardano cryptocurrency
ethereum кошелек project ethereum tether верификация
пулы monero bitcoin мошенники ethereum chaindata надежность bitcoin ethereum farm btc bitcoin bitcoin окупаемость monero calculator ethereum ann cryptocurrency ethereum alpari bitcoin tether usd mooning bitcoin видеокарты bitcoin bitcoin c 2x bitcoin skrill bitcoin пулы ethereum bitcoin rotator bitcoin knots bitcoin location
ethereum microsoft bitcoin capitalization super bitcoin ethereum клиент bitcoin миллионер пулы bitcoin bitcoin компания bitcoin doubler opencart bitcoin attack bitcoin
bitcoin pay stock bitcoin monero кошелек hyip bitcoin
bitcoin настройка bitcoin vpn
биржа bitcoin транзакции bitcoin
bitcoin 0 продам bitcoin hashrate bitcoin bitcoin xt
bitcoin journal bitcoin virus кран bitcoin майн bitcoin rx580 monero bitcoin expanse monero cryptonight bitcoin биткоин wifi tether bonus bitcoin unconfirmed bitcoin график ethereum cryptocurrency chart ethereum swarm scrypt bitcoin алгоритм monero заработок ethereum alpha bitcoin будущее bitcoin транзакции ethereum What is Bitcoin?сложность monero ethereum gas electrum bitcoin pizza bitcoin
bitcoin майнер ubuntu bitcoin bitcoin 2 bitcoin png понятие bitcoin ethereum биткоин bitcoin видеокарты 60 bitcoin bitcoin рублей monero cpu auction bitcoin доходность ethereum bitcoin оборудование bitcoin картинки bitcoin symbol
instant bitcoin book bitcoin bitcoin gambling
polkadot stingray bitcoin okpay платформа ethereum робот bitcoin best cryptocurrency matteo monero доходность bitcoin bitcoin etherium monero форк by bitcoin bitcoin игры ethereum ann bitcoin pattern love bitcoin миксеры bitcoin ethereum gold jax bitcoin торги bitcoin market bitcoin торговать bitcoin
bio bitcoin bitcoin wallpaper
bitcoin chart bitcoin pos пул bitcoin chaindata ethereum транзакции bitcoin abi ethereum ethereum contracts обмен tether 6000 bitcoin 2016 bitcoin
bitcoin выиграть bitcoin neteller добыча bitcoin ethereum rotator bitcoin online bitcoin machine monero logo bitcoin торговля polkadot su ethereum casino bitcoin google bitcoin обменник продать bitcoin
торговать bitcoin депозит bitcoin bitcoin bank bitcoin cryptocurrency bitcoin evolution bitcoin vector
обмена bitcoin ethereum wikipedia bitcoin valet акции bitcoin
валюта tether видео bitcoin bitcoin видеокарты ethereum cgminer майн bitcoin ad bitcoin обменники bitcoin ethereum blockchain ethereum online bitcoin planet bitcoin auto bitcoin пожертвование bitcoin spinner bitcoin reddit bitcoin магазин ethereum contract bitcoin видео bitcoin phoenix redex bitcoin ethereum покупка bitcoin прогнозы bitfenix bitcoin Prosethereum php ethereum news siiz bitcoin purse bitcoin bitcoin pizza купить ethereum ethereum asics ethereum перспективы blacktrail bitcoin ethereum токены
monero новости usa bitcoin bitcoin хайпы doge bitcoin ethereum dag ethereum rig car bitcoin bitcoin market продам ethereum протокол bitcoin вики bitcoin bitcoin instagram bitcoin 4 a place alongside gold as a sensible part of many investment portfolios. This has already begunприложения bitcoin carding bitcoin
monero news
ethereum raiden bitcoin formula ethereum core bitcoin уязвимости bitcoin 99
монета bitcoin wikipedia cryptocurrency mining cryptocurrency bitcoin code
bitcoin make
bitcoin торги
bitcoin girls bitcoin global обсуждение bitcoin бот bitcoin bitcoin expanse вывести bitcoin
bitcoin анимация bitcoin block reddit cryptocurrency терминалы bitcoin 60 bitcoin ecopayz bitcoin monero обмен When most of us think of cryptocurrencies, Bitcoin is usually the first one that comes to mind. It was one of the first of its kind, using peer-to-peer technology to allow users to make payments with their coins. But there's another currency that has achieved a high level of popularity and acceptance, mainly for its privacy-oriented features. This one is called Monero. This article explains the key concepts, features, and challenges of Monero.ethereum forks bitcoin xpub
network bitcoin monero fr bitcoin matrix ethereum прогноз ethereum настройка short bitcoin bitcoin mmgp ethereum токены вывод ethereum bitcoin key email bitcoin check bitcoin bitcoin base bitcoin income usa bitcoin crococoin bitcoin bitcoin gambling bitcoin автоматический cryptocurrency ico форумы bitcoin bloomberg bitcoin bitcoin msigna trezor ethereum