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Many people talk about bitcoin and it 's A bubble and it will explode once and disappear
The speech spread a lot, especially after the huge rise that reached last year
Where it exceeded many expectations and increased attack on them
Economic expert Hayman Minsky believes
The asset bubbles have five stages
Displacement is the first stage, which occurred at the beginning of the spread and emergence of bitcoin currency
Where the circulation of the Betquin does not exceed $ 100
The second stage of the bubbles is the boom
which van der Burgt describes it as follows:
"The subsequent 'boom' phase is characterized by prices rising slowly at first, but then gaining momentum as more and more participants enter the market, fearful of missing out."
The third stage is ecstasy
The period before the financial crisis was in 2008
At this stage, many will be borrowing to finance their projects and investments
van der Burgt wrote. "According to a recent survey, 18% of active bitcoin investors have financed their investments by credit card, and 22% of this group indicated that they have not yet paid off their credit card balance."
At the beginning of 2018, bitcoin began to lose much of its value
This means that we will enter a new stage of the bubble, this stage is called "profit-taking"
This means that we have one step to reach the stage of panic
"The subsequent 'panic' phase, should come to that, commences when reality sets in and bitcoin's price would substantially crash," wrote van der Burgt.
Despite this theory, he admitted the mistake
He says that with a bitcoin different from anything, ten years later
We will find it very high and become a new currency for the whole world
Its bubbles are different from many and will become a new global currency
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The bubble of assets