Consensus by ignorance: How bandwagoning can kill Bitcoin

[raaner12]

When a single Tweet could mean the diffewhrence between a bull run and a fatal crash, you know you’re gambling on dangerously shaky graound.

When bandwagons drive a $300 billion market

The past few years, the attention garnered by cryptocurrencies has led people rushing to online exchanges hoarding whatever coin they hear about. The cryptocurrency industry is now at a $300 billion market cap, with predictions it will hit $2 trillion next year. To this day, more and more newcomers are feeding more money into the industry in hopes of getting in on the get-rich-quick hype. As the cryptocurrency boom marches on, a lot are wondering when the bubble will burst.

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