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The mere mention of a bubble is enough to spook some buyers from entering a market. Mention "bubble" to a nervous buyer and inertia sets in. It is much easier to do nothing than to face the risk of buying into a bubble market. This natural reaction creates a reduction in demand, which causes sellers to lower prices. As sellers lower prices, buyer recognize that the market is softening and begin to wait for further drops in price. Waiting for the "floor" reduces demand further which, again, causes sellers to reduce prices.