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RE: Bitcoin was NOT in a bubble – the 2017 rise and the 2018 consolidation (Chaos Monitaur–34)
Woah very well said. Ty for replying that to me.
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Woah very well said. Ty for replying that to me.
Posted using Partiko Android
I'm not sure if that is so. One reason is that I rarely follow any news in the mass media. ☺ Also, the bitcoin price has experienced several spikes, even when it was less than #10. Surely, back in those days, the spikes were not the result of a media focus or media exaggeration.
Most likely, the 2017 spike was partly owing to the fact that bitcoin is becoming better known. And, of course, once it surpassed $10,000, the media started covering it more and more. That may have played a part in the spike, but I believe it was a secondary cause.