There have been a number of times in the history of Bitcoin where people thought the traditional adoption had taken place. However, on the eve of the $ 20,000 summit last December, Bitcoin reached important milestones in terms of adoption

through memes and news stories on mainstream news. This has seen a new breed of investor entering the crypto but dangerous community.

Moneymakers

The hype around Bitcoin was about the incredible growth that digital currency had seen since the beginning less than 10 years ago. People have been unable to avoid the possibility of doubling, tripling, and so on, their money in a few weeks, rather than years as would be the case in normal investments.

Join the Bitcoin craze with the hope of making money on their investment. Current technology, or even the way it worked, was not a priority. These dangerous views of Bitcoin now supported a value in the room that was probably far too high, as it easily crossed the thousand dollar barriers in November and December.

A sobering correction

Bitcoin, founded by people who believed in technology and could be a disruptive force to challenge the banking sector, was now on a pile of speculators without instruction. People who were new to the scene were used to rising trends and huge returns, but they were not ready for the accident.

While the accident began and continues, more than half the value of Bitcoin, these same speculators were eliminated from the system. The sale of these investors played a big role in the fall of the Bitcoin price, but it shook more than the so-called weak hands

Good riddance

at the present time , for all those who have decided to go out despite a loss, but those who remain have probably more than a passing interest in technology. The loss of mass speculators could be exactly what Bitcoin needs.

Last year, people were buying Bitcoin even with their credit cards and other forms of debt. Although this is easily perceived as a bad idea, for the person doing it, it is also a danger for Bitcoin. There have been many financial shocks and market bubbles that have started with people becoming stupid in their purchases and investments. This purchase and this hype from FOMO have all the characteristics of a bubble.

Angela Walch, a law professor at St. Mary's University in Texas, studies cryptocurrency and financial stability, spoke to Vice about the speculative nature of Bitcoin and its potential for turn into a bubble if silly decisions continue to flourish. According to Walch, some of the factors to consider when looking for a potential bubble are already evident:

"Some of the features of the FOMO idea, the fear of passing next door and never being able to get in. People see other people making a lot of money and they just want it in. The real estate bubble is a good example of that. People thought that one other person would still want to buy them their home at a higher price. "

A safer space

If this last correction has actually got rid of these types of Investors, who are now scared and stung of a Bitcoin price down, so all the best.

The long-term prospects for Bitcoin are better off, even if the price is lower, without such investors. Again, this refers to the internet bubble where the hype around these companies blew it up. But once this bubble has appeared, the ecosystem is enlarged more and more, because there is no reason to say that the Internet and dotcom space died in 2018.