IPFS News Link • Bitcoin
The bitcoin bubble: Why speculative bitcoin buy-ins now point to a disastrous bitcoin crash
• Prison PlanetBut because bitcoin is a currency whose value is based on the psychology of human beings, it is subject to booms and busts. Bitcoin has enjoyed a meteoric rise from roughly $20 per bitcoin in February to almost $200 per bitcoin today. (Yes, nearly a 1000% return in less than two months.) This has happened for several reasons, but primarily because the Cypriot bank thefts taught people that “money in the bank” isn’t any safer than money anywhere else.