Bitcoin - all? Why cryptocurrency broken the price of $ 3800 and continues to fall?
For those who willingly or unwillingly found himself in kriptovalyutnom world in December 2017 or January 2018, to buy Bitcoins bags, watch what is happening now - very painful. This week the price of Bitcoin for the first time in a long time to break the support level around $ 3,800 per coin and headed lower - around 3000. Boring "bear" a year during which the market capitalization kriptovalyutnogo gradually "lost weight", it seems, is approaching its logical end . But how will this end? Let's face it.
First of all, it is worth noting that the overall macroeconomic environment, and the economy as a whole do not look very impressive today. Microsoft has overtaken Apple's capitalization on the stock exchange all red, oil once again goes into the area of $ 58 per barrel, increasing VAT and currency hyperinflation in Venesueele shows some astronomical figures.
"Buy when blood flows in the streets, even if the blood - your own," said Warren Buffett once. And he was absolutely right. Only here now to buy it is not for nothing.
Bitcoin at a discount. The bubble burst?
In order to understand what is going on kriptovalyutnom market, let's first look at the overall picture. Here graph rising and falling Bitcoin (BTC). On a linear scale, it may seem that he is now at the bottom. But on a logarithmic graph, we see that it is much more expensive now than at the beginning of last year, or the year before last. For each growth should fall, and it is inevitable: eternal growth simply does not exist. The market is cyclical, volatile and is subject to sentiment, that is the mood of buyers and sellers. If bulls are winning - price rises, coin buying, if the Bears win - it is better to sell and buy cheaper, "at the bottom". The fact that Bitcoin really need people to doubt it is not necessary - BTC capitalization is still an impressive $ 66 billion, and the coin itself is in search of its true price. Search this can drag on for years.
Let's look at a few items that affect the value of Bitcoin:
- Bitcoin is the first and oldest cryptocurrency. During the nine years of its existence in the Bitcoin protocol did not identify any serious vulnerability, and the system is due to the underlying technology blokcheyna, reliable and can not be breaking. If you do not believe or do not know, you'd better learn what blokcheyn this cool stuff.
- In the back will never be more than 21 million Bitcoins. If all existing dollar millionaires in the world wanted to buy at least one Bitcoin, the coins would not be enough at all. It is likely that in the future for coins will fight (in fact it is already under way), and it affects the growth of the price. The price is determined by demand.
- At the market kriptovalyutnogo huge space for growth. Condition of the people of the Forbes list of billionaires more than the capitalization of Bitcoin. Alone, Apple is worth more than 10 times than all Bitcoins, if you start from the capitalization.
- Bitcoin, at its core, is still poorly developed and not very common technique. Can you compare the appearance of the first rudiments of cryptocurrency with TCP / IP protocol. All of them are, but nobody knows what it is.
- The lack of controls and a kind of "freedom" leads to the fact that the price can vary greatly. Yes, from 3800 up to $ 20,000 can be called such fluctuations. At the same time Bitcoin showed almost stable at stake during the whole 2018.
- The lack of controls also means the almost complete absence of large investors. And large investors so much money that if they wanted to buy the whole cue, its price would be somewhere on the moon.
What happened to Bitcoins?
As we have seen, if all begin to sell, formed a chain reaction. If the chain reaction goes out of control, the "bubble" burst. Except that in the case of Bitcoin bubble and a no no - coin still has considerable value and, and will have it for a long time, until he falls to zero. Only now present even drop to 20, $ 100 or $ 500 is very difficult - at every level of support in the downward movement will occur more and more willing to buy the coin. Because in order to sell more expensive, it is first necessary to buy cheaper, but not vice versa.
Current Bitcoin fall was preceded by two main agenda: lingering, unpleasant, boring, flat, red, bear year war between BCH SV and BCH ABC. The fact that BTC has one enemy - it separated coin a BCH, created on the basis of the same blokcheyna as BTC. If they wanted to, I could not tell you briefly and clearly, how they differ and what is a fork, but you can find yourself on 2bitcoins.ru, if you want. In November, the community split BCH and the coin itself is also divided. Separated from the main core branch Craig Wright supporters who attempted to impersonate the present Satoshi Nakamoto - the same inventor Bitcoin, which mysterious disappeared. But if Craig Wright Satoshi true, he must have a lot of Bitcoin. And if he brought the threat in the style of "after us the deluge" in the action by moving at least a fraction of its reserves, the market would simply collapsed. This fear also played a role.
Also on the background of falling Bitcoin postponed the launch of a major platform for trading kriptovalyutnogo Bakkt, which could pave the way to the crypt in the world for very large investors. Platform promised to start in January, and were in November and December. To understand the magnitude of inequalities kriptovalyutnogo world and the stock market, think about it: the capitalization of the entire crypt is about $ 130 billion, while the value of all the shares in the world - 70 trillion. Value of derivatives nobody even count can not, but it should be around 630 trillion - 1, $ 2 quadrillion. Next to these numbers do not even the price of Bitcoin looks solid.
What will happen next?
No one knows. Because if someone knew how to behave in the market in the next second, minute, hour or a year, he would have become a billionaire. Some are lucky, some are trying to use technical analysis for trading.
Is Bitcoin will grow? Of course, will grow, at least to adjust the current drop and return the previous all time highest, that is, a record price. When this happens it is unknown.
Is Bitcoin fall? It may be because the correction continues its growth in the last year and sold by those who bought the 1000, 2000 or 3000 dollars. After all, they are the same in the black and in the large. This price of Bitcoin - a discount on Black Friday. Remember how people went crazy when they saw the rapid growth of coins from 3000 to 10 000 dollars, and tried to catch, leaping in the train on the moon. This is a great opportunity to buy cheaply, but there is a recommendation not to try to catch a falling knife (on the chart), and enter in beginning an upward trend, that is, wait for at least some thaw in the massacre.
In no case do not take my words as a financial advice, I'm just a humble observer of technology present and future. Do your own research, especially when it comes to investments, and in any case do not put the latter and do not take loans.
What do you do?
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