The Bitcoin bubble has burst, the market for crypto-currencies is reeling from Crash to Crash. And the end seems not in sight. An expert estimated the “true value” of the Bitcoins, even to below zero.
a year Ago, the crypto world was still in order: The 17. December 2017 climbed up Bitcoin to a record high of around $ 20,000. Stories of private investors, which were almost overnight to crypto-millionaires, flooded the network.
price drop of over 80 percent
The price of Bitcoin rose more – until a “greater fool” found who was willing to pay even more for a Bitcoin (“Greater-Fool-hypothesis”). But in 2018, that eventually happened, of what experts had long warned of: The market, the fools went out. The Bitcoin bubble has burst. On euphoria was followed by disgust.
for More course information to Bitcoin in US dollars
The Bitcoin story follows the script of a bubble, such as the American Economists Charles Kindleberger and Hyman Minsky
described Since the all-time high, a price fall is already over 80 percent to beech. Only last Friday, Bitcoin fell to a new low for the year of approximately $ 3,200. Experts predict that soon the mark of $ 3,000 is expected to fall.
In China you declutter Server
The “South China Morning Post” reported recently that in China, where still the majority of the computers from the generated crypto-money “extracted,” is a series of Bitcoin miners to give up. In the network images of warehouses, where massive Server stacks to circulate.
Lack of regulations, hacker attacks on various trading platforms and words of warning from Central bankers and financial experts, investors spoilt it last the appetite for risky Investment. In addition, investors have long been waiting in vain for the approval of an exchange-traded index Fund (ETF) on Bitcoin.
“civil war” in the crypto-community
As an acute trigger for the current Bitcoin Crash is the most Involved, however, the division (a”Hard Fork”) of the sister-exchange Bitcoin to Cash on August 15. November. This led to a veritable “civil war” in the crypto-Community, fueled a great deal of confusion and panic in the market.
for More course suspect information to the Bitcoin Cash in US dollars
Insider that both Bitcoin-to-Cash warehouse have massively sold Bitcoins to Fund their campaign and to buy your favourite Bitcoin-to-Cash variant.