Will the Bitcoin Bubble Burst? Should I Spend money on Bitcoin?
- Listed: Nisan 12, 2021 7:18 am
Description
Should I spend money on Bitcoin?
Anything I say is not to be used as financial advice.
That being said, bitcoin is absolutely worth considering.
And with bitcoin crossing the $10k threshold earlier this week, it’s no wonder women think that it’s a bubble. It dropped below $1,000 in June of this season, and has absolutely skyrocketed ever since.
Investors often poopoo cryptocurrency for its very volatile markets. With volatility, though, comes drastically increased profit margins. In less-than-6-months, bitcoin has increase in value by over 1,000 %.
To a lot of it is a positive indication of a bubble. To others, it is a special possiblity to produce a fortune in a short period of times.
But we should step back for one second. Think over it in terminology of economics. If you take a look at a source and demand graph, you notice that as supply increases, demand decreases. And as supply decreases, blockfi fuse [http://predit.ru/Forum/index.php/656248-do-you-find-it-safe-to-invest-in-bitcoin-in-2019/0 – http://predit.ru/Forum/index.php/656248-do-you-find-it-safe-to-invest-in-bitcoin-in-2019/0] demand increases.
This is known as an inverse relationship – http://Ccmixter.org/api/query?datasource=uploads&search_type=all&sort=rank&search=inverse%20relationship&lic=by,sa,s,splus,pd,zero.
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