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šµ What does "bubble" mean in the market?
A bubble occurs when the price of an asset ā like a stock or cryptocurrency ā rises significantly and rapidly without any real value or actual use supporting it.
Excitement, rumors, and FOMO drive the price upā¦
But as soon as the market cools down, this rise bursts and a strong, painful drop occurs.
šø Documented example:
At the end of 2017, Bitcoin rose from less than 1000$ to around 20,000$ in just one year.
Then, during 2018, the market lost the largest portion of its value (more than 70%).
šø Lesson:
When the price moves faster than the fundamentals of the project, even without real demand or use, this is often a temporary bubble rise.
š Educational advice:
Always monitor the fundamentals of the project, its use, the extent of its developmentā¦
And donāt follow any unexplained upward trend.
#CryptoBubble #Bitcoin2018 #MarketHistory #Binance Feed #Smart_Trading #Learn_Crypto
A bubble occurs when the price of an asset ā like a stock or cryptocurrency ā rises significantly and rapidly without any real value or actual use supporting it.
Excitement, rumors, and FOMO drive the price upā¦
But as soon as the market cools down, this rise bursts and a strong, painful drop occurs.
šø Documented example:
At the end of 2017, Bitcoin rose from less than 1000$ to around 20,000$ in just one year.
Then, during 2018, the market lost the largest portion of its value (more than 70%).
šø Lesson:
When the price moves faster than the fundamentals of the project, even without real demand or use, this is often a temporary bubble rise.
š Educational advice:
Always monitor the fundamentals of the project, its use, the extent of its developmentā¦
And donāt follow any unexplained upward trend.
#CryptoBubble #Bitcoin2018 #MarketHistory #Binance Feed #Smart_Trading #Learn_Crypto
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