cryptocurrency They landed in 2017 with a meteoric rise. But they did it in a balloon that, as warned by finance experts, broke out in 2018.
financial balloon it is marked by an abnormal increase in property prices. That happened just with Bitcoin. the digital currency paradigmIn December 2017, it reached its historic maximum, $ 19,783. Now, one year after its peak and ten years after birth, it is traded at about $ 3,500.
The electronic currency dropped by 80% during 2018, It should be noted that the collection pulled off all the crypto currencies: the global currency virtual currency market lost $ 700 billion.
Some analysts avoid the metaphor of bubbles and explain the collapse of the nature of the cryptokurata. Without the support of governments or banking entities, they are closed volatility and they are defined by risk.
"I can almost say with complete certainty that it will have a bad end," said a respected US investor, Warren Buffet, in connection with Bitcoin in January this year. And he convinced that in one interview his investment firm had never believed in a crypto currency. Later he called that currency "rat poison".
A few days ago TN Techno we tell you that Facebook will launch its own digital transfer currency through WhatsApp. In direct connection with the volatility of the tool, Bloomberg He has assured that this currency will be linked to a dollar fund. Reason? gambetear instability of cryptokurata.
Not all are injured
As is the case with various investment tools, the winner is the one who strikes the best time for entry and / or retirement. In that sense, the one who bought Bitcoins in 2011, when the currency got $ 1, made a big investmentEven if you did not sell your virtual currency in December 2017.
By contrast, big losers are those who have bought in the days of the glory of Bitcoin believing that the value will continue to grow.
In that sense, the French publication The Echos said that the digital currency "leaves a series of victims, mostly millions of individuals who believed it modern fatamorgana, but they bought it too late. "On the other hand, banks and large investors," who have accepted the pending position due to instability and risk in the sector. "
Pushback Back: Why Crypto Currencies Fall in 2018?
The point of unavoidable mention is computer attack on Coincheck, a recognized platform for sharing Japanese origin.
In February, the country's authorities searched the headquarters of that operator to investigate a cybernetic attack that cost more than $ 530 million, Then Bitcoin's value dropped 20% in Japan. And fragments have reached more markets.
That month, the lack of a replacement home on the server new arguments to those who do not trust crypto currencies and the security of the platforms they manage. What happened? The system error allowed the purchase of electronic money to zero dollars!
Hacks really made the traces of the reputation of these coins. A variable that undoubtedly depressed the sector.
In this course we have to mention ban on crypto currencies in South KoreaIn early 2018, the government of the country, one of Bitcoin's most important markets, announced that it was working on a project to prevent virtual currency transactions.
"We can not allow such an abnormal situation of speculation to continue longer," said the South Korean Coordinating Office for Hong Kong Government Policy, after Bitcoin fell by several percentage points around the world. .
With South Korea and other countries like China and Japan announced measures in that same direction.
Another "shovel" of Bitcoin, perhaps the most powerful, was awarded by the US Securities Commission (SEC). This year, the agency refused to approve the ETF, which would significantly facilitate transactions with this currency. Wall Street gave him a hand, and the price fell again.
For the rest, it is worth noting that Bitcoin was not the only one in the tail. Cryptops and platforms such as Ethereum and Ripple also slide down this slide.
Although it is a "foolish consolation", the evil of many liberates the defenders of the cryptokurata, Prema E of CNBC, most of the investment funds had a negative impact in 2018.
On the other hand, it seems that the interest in these decentralized currencies has not fallen. To show just one button: "Bitcoin" was one of the most wanted terms in Google during 2018. Even if it was to know their misfortunes.
Is that the end of the crypto currencies? Or will they have "phoenix pasta"? citation The Echos: "On other occasions (crypto-currencies) they recovered after the death certificate, thanks to adaptation capabilities, state-of-the-art technology and a stronger ecosystem than their rivals."
For a trust in recovery, it is also interesting to note that crypto currencies were the cornerstone of discussion and thinking during the G20 held recently in our country. The modality continues in the center of attention, beyond the critical view of many governments.
2019 will be a real test for these alternatives. Will it happen what the founder of Twitter predicted, who claims Bitcoin will be the only currency within ten years?