It might be time to start worrying a bit because compared to the December-area exchange rate of over 19,500 USD, on February 1, 2018 Thursday early evening, the Bitcoin exchange rate crashed below 9,000 USD.
I can't tell what the end will be, but the skeptics seem to be winning right now – is the bubble analogy coming true? I don't think so; I'd rather say and comfort myself with the thought that the nicely and steadily rising exchange rate sometime around October-November, before the media started picking up the Bitcoin topic, was somewhere around 6-7-8 thousand USD.
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I think it would be more accurate to say that we'll return to that level, since many people who jumped in headfirst hoping for quick and easy riches are now starting to exit the Bitcoin business because they fear that legal regulation, the changing market, and not least Ethereum's rise will flatten Bitcoin.
I'll try to write more in detail about this today, but I don't think there's reason for great concern yet. After those who quickly got in and are now quickly getting out, perhaps the Bitcoin exchange rate will stabilize and we'll continue where the orderly rise left off around October-November 2017, before the boom.
Perseverance, and whoever is collecting Bitcoin should just continue because there will be more surprises this year. That's for sure, especially considering the EU's blockchain entry potential.