How Often Bitcoin Bubble Burst


Bitcoin price has dropped by 64% since December 17, 2017. Total market cap of the industry now makes at the least estimate $388 bln.

That is a significant downfall for any market. Still price collapse of Bitcoin or any other cryptocurrency is cold news. Bitcoin gets “lost” and “reanimated” on a regular basis. According to 99bitcoins, Bitcoin has passed through 251 collapse since 2010.

It is remarkable, Bitcoin was first declared dead and wreck in 2010 when it cost 0.23 cents. 8 years and 8.263 dollars (to the moment the article is being written) have passed since. As we can see, 250 deaths later the patient is more likely to be alive rather than gone.