Will Bitcoin Crash?

by Marco P.
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Will Bitcoin Crash?

The world of digital currencies is certainly an uncertain one. This sounds weird, but this is the truth. In their history, they suffered a lot of busts and booms. Let’s use Bitcoin as an example.

It started in 2009, and its value was, naturally, 0. In just four years, the value was $150. That same year, it fell by 60% and it rose up and touched $1,150. Two years later the value declined to $175. After that, it skyrocketed to $20,000 at the end of 2017. Last year, it lost more than 85% of its value. This year it grew to $9,000 and again it fell down to $8,100 again.

This last value is the current one. History tells us that these turbulences are possible. For example, it could rise up to a half a million dollars and it can crash again down to 85% of its value.

As you probably know, digital currencies are really a big thing nowadays. Also, a high number of companies accepted it as their payment method. So, can you imagine a situation where one of the cryptocurrencies becomes the main transaction method in the world and it crashes by 85%? But, will that ever happen? We can’t be sure of that.

Img Source: cnbc.com

However, there is something that we know. More than $30 billion of investment was spent on updating platforms that are supporting the whole system. Also, some of the big players like Facebook, Microsoft, or JPMorgan Chase started participating in the world of digital currencies. We don’t believe that these companies will let that happen in the future. At least in those capacities.

In order for you to grasp how big Bitcoin is, our dear reader, you should do a little research about Bitcoin communities that people started creating in the last couple of years. If you would like to see how that works, visit this website bitcointrader2.com. Naturally, the chances of these systems crashing will always exist.

However, we believe that the system is updated and that doesn’t mean that future crashes are going to be so drastic as they were back in the past. For example, it might not be 85%, maybe it will be 20%.

The Possible Fall of Bitcoin

Img Source: coinpedia.org

This is a really tough question to answer. However, there are some theories of what would happen in this case. We are not going to name them, there is no need, but we are going to talk about the first time when people started to wonder if Bitcoin is going to survive.

This occurred in 2017/2018 when the value of Bitcoin was $18,000 and in just a few months it reduced to $6000. This was the first time people started to wonder if this digital currency is going to survive.

Before that occurrence, the currency was pretty stable and their decline really came as a surprise to people. Moreover, that was another time. Today, it is highly unlikely that Bitcoin is going to crash. The reason is the whole system has been updated several times and a high number of major players stepped into the world of this popular digital currency.

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