The Bitcoin bubble is almost grotesque.
On November 26th 1 Bitcoin exceeded 9,000 dollars, and on the 27th, it recorded 9,732 dollars. Although it was making a wave about 3,000 dollars exceeding just six months ago, if it is as it is, there is a possibility that it will exceed 10,000 dollars within this year.
The pessimistic people insisted that the bubble will collapse and pointed out that the Bitcoin was seen a bit whenever it fell, but Bitcoin has been on the rising trend overall.
Other cryptographic currencies, such as Ethereum, are also worth it. Though the ICO (Initial Coin Offering) where cryptographic startup gathers funds is largely uncontrolled, according to Bloomberg it collects more than 3 billion dollars in 2017.
But in general, encryption currencies are still rarely used in supermarkets and cafes. In other words, the factor that raised the value of Bitcoin is the expectation that it will somehow increase, and the desire for investors to get money quickly. Encryption in the currency market overall dubious company and fraud have overflowed, of Bitcoin Exchange closure of Mt. Gox also has been plunged Bitcoin value of each time of the incident. So if anything goes wrong, the value may be drastically reduced again.
But according to TechCrunch, as of now, Bitcoin's pace of increase is unlikely to stop, it seems that the news that every single price point is exceeded seems to be old- fashioned.
