<center>https://bravenewcoin.com/assets/Uploads/bubbles2.jpg</center>

From Brave New Coin
<blockquote>
The crypto markets seem to be in another bubble, orders of magnitude bigger than the last. However, this time a lot of the money is flowing into altcoins interestingly enough. How this situation will play out and where the market will stabilise at will be a really interesting story to watch unfold - whether Bitcoin will re-capture the market, or will some other crypto take its place. I would like to take this time to go over some of the history that brought us here however, as it's also a fascinating tale (if you like graphs).

Here is a short version of the story, in one graph by Woobull:
</blockquote>
<center>https://bravenewcoin.com/assets/Uploads/_resampled/ResizedImageWzcyMCw0NTNd/crypto-bubble-1.jpg</center>

<blockquote>
This is a cautionary tale for Bitcoin, but before we can really talk about how Bitcoin might be impacted, we have to talk about some altcoins. So strap yourself in for this whale of a tale in 9 charts...

Story leading up

The story of this bubble really starts around 2015, when some Bitcoin core developers wanted to address the network congestion they saw coming in Bitcoin. This was the start of the Bitcoin scaling debate that gave rise to BitcoinXT, Bitcoin Unlimited, SegWit, UASF, etc. The writing was on the walls - if Bitcoin continued to grow in popularity, soon the blocks would be full and we would have to deal with the consequences. Two years have passed, and no consensus has been reached, thus priming us for the current events.

Bitcoin Unlimited Rally

The bubble proper was started by the disagreement on how to scale Bitcoin. At the moment, there were two major solutions being proposed to address the issue - SegWit and Bitcoin Unlimited. Perhaps tired of waiting for consensus to emerge, perhaps prompted by Roger Ver's ambitions, Bitcoin Unlimited started to rally people behind its hard fork. Those came in two main waves - around October 2016, and March 2017, increasing both node count and number of blocks mined.
</blockquote>
Read more: https://bravenewcoin.com/news/another-crypto-bubble-and-the-rise-of-altcoin-markets/

<center>https://bravenewcoin.com/assets/Uploads/_resampled/ResizedImageWzcyMCwyNzdd/crypto-bubble-2.png</center>

<hr>
Follow @contentjunkie to stay up to date on more great posts like this one.

<a href="https://steemit.com/@contentjunkie"><img src="http://i.imgsafe.org/dd8bd8753d.gif"></a>