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Bitcoin price CRASH: What will happen if the bitcoin crashes? Can it bounce back?
BITCOIN'S prices plunged overnight sparking concerns of an imminent bitcoin bubble crash at palm. But what will happen if bitcoin crashes?
#sourcehttp://bitintruder.com
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NYSE's Jones Farley warns Bitcoin is 'very volatile'
Bitcoin was down over 15 per cent on Friday morning, and down over 30 per penny on Sunday's all-time high of almost $20, 500, according to CoinDesk.
Although investors lauded bitcoin's out of this world rise this year and saw it as an possibility to profit, others apprehension it can be an inflated bubble planning to burst.
Having cultivated more than 1, nine hundred % in value since January, a series of small crashes could now be in store for bitcoin the coming yr.
CommerceBlock CEO Nicholas Gregory, a crypto expert with a background in bank and financial software, is for certain that bitcoin's inherent volatility will action up in 2018.
Although he argued it does not have to be a bad thing for the expression because despite its shortage of stability bitcoin has so far bounced backside from every dip.
"Is it bitcoin or can it be fiat currency where government authorities keep on printing it? Which is question.
"Bitcoin is a tangible asset, because once you own one bitcoin you have one bitcoin for life. You possess? 95 but is that really? 100 in five years time when the Govt prints more money? very well
He added: "The crash itself would be practically nothing new because bitcoin's relatively old. I recall the crash in 2014 when the Mt Got exchange got hacked. After that it fell from $1, 400 to a few of hundred. "
source #https://www.express.co.uk