3 ms·
What does "result of a bubble" mean?
by wuliwong 13y ago
What does "result of a bubble" mean?
- TrainedMonkey 13y agoMeans people are buying bitcoins not for their inherent value, but rather in order to sell them later at a higher price. When this happens everyone is waiting until value top's off. Sooner or later moment comes when some portion of holders decides to sell. Other people see price dropping and try to sell their bitcoins as well causing bubble to burst and price to drop significantly.