3 ms·
Sure, it was a bubble popping, but it's the overall trajectory that's important. After the dotcom bubble, investment in the web dropped for a noticeable period
by ZenoArrow 9y ago
Sure, it was a bubble popping, but it's the overall trajectory that's important. After the dotcom bubble, investment in the web dropped for a noticeable period of time. It's too early to tell if this current drop has shaken investors in the same way.
What seems apparent to me is that all the Bitcoin miners that have invested heavily in mining equipment want to see it continue to grow. The market may only slow down once miners no longer see a return on further investment (when the increasing price of electricity + mining equipment, combined with the steady rise of hashing difficulty, no longer makes it profitable), or when the transaction fees and transaction speed become too much of an issue. In other words, it's the technical limitations that seem most likely to stop the rise of Bitcoin (in my opinion).