Bitcoin passed the $ 4,000 mark during yesterday's trade (Aug. 13, 2017), but that could not be news. For the next week or even tomorrow, the price of the crypto-wave can now be over $ 6,000.
Investors are excited, economists are watching the situation, business is already introducing blocks and technologies based on blockchain. As these lines were written, Bitcoin night achieved its new highest value in its short but stormy story. During today's trade, Bitcoin cock reached a level of $ 4,225.40, which is the new peak, according to CoinDesk. The total market capitalization of the most popular cryptoLight is 70 billion dollars. The number of Bithoin in circulation or, in other words, Bitcoin mining amounts to 16,505,075, according to CoinMarketCap. All this, amid the fact that the maximum volume of battleships or those that can be dug is fixed at 21,000. The financial world is divided - some support the block infrastructure, such as those who trade in virtual assets and invest in such technologies, and others rightly point out that, as far as virtual currencies are concerned, the situation meets the definition of "bubble". The cost of Bitcoin Knight has multiplied by 7 in the last 12 months, rising from $ 600 to over $ 4,000 over the past 12 months. Or approximately 600% on an annual basis.
Writing for a Bitcoin is a bit strange, because, due to its volatility, in 5 minutes the exported data may not be up to date. Let us then concentrate on the general picture. The situation is such that a battleship can achieve serious growth. Some even predict that after the last battleground is dug, the price of the crypto hit may reach $ 500,000. However, the extreme volatility of the virtual currency may cause sharp falls in price literally in minutes. If this happens and the price does not bounce back to the heights, then it will not be unfair to conclude that the balloon has burst. Moreover, Battlecourse has already demonstrated this for some weakness, and for others - for strength. Depending on how you take advantage of the circumstances surrounding digital assets. But let's recall what happened about 4 years ago.
By the end of 2013, Bitcoincourse had reached an estimated $ 1,200 in a market capitalization of nearly $ 14 billion. The virtual currency jumped at a speed that made the financial world talk about it.
At the beginning of 2013, the cost of a battleship was about $ 100. On May 3, 2013, for example, Battlecamp is traded at $ 83.02 for a total market capitalization of less than $ 1 billion ($ 992) million, according to CoinMarketCap. But in mid-November, Bitcoin core began to reach prices of $ 200. With only one mild correction, in less than a month erupted to 1155.05 dollars and a total market capitalization of nearly $ 14 billion. All this to meet the new year at a level of about $ 750, and a few months later flirting with an even lower price in the range of $ 400-600, dropping finally below $ 500 in mid-August 2014.
It took about two years to fly over $ 500, and at certain times he went on and at levels of about $ 200. So at the end of 2016, what we are seeing today is happening. Just this year, Bitcoin camp probed $ 2,000 and $ 3,000 and $ 4,000 in a row, and that could only be the beginning. The situation in 2013 was quite different from the one in 2017. Perhaps because of the then boom in digital asset trading, a number of developers and well-established companies have turned their attention to crypto-clay. Countries that legalized digital money as an official payment instrument began to appear one after the other.
Nowadays, block technology is now considered the "new internet" and a starting point for the future of business, and an investment in digital assets such as Battlefield, Ether, Ripple, Bitcoin Cash, Litecoin) and others turns out to be quite lucrative. The total market for all virtual currencies is estimated at approximately $ 140 billion.
Virtual currencies have also created a new start-up financing system - ICO (Initial Coin Offering). Here, like IPO (Initial Public Offering), companies can offer investors a new token, crypto, or something like a voucher for a block-based service. New and new block designs are emerging on the horizon, each of which offers investors a different new crypto-shape. ICO even use businesses where a real block is only part of their model but not a core business. Something like making a limited supply of primary cheaper betting chips in an online portal, the cost of which depends in real time on the success of the betting site itself.
Apart from talking about raising funds in a completely unregulated market, everything is literally in minutes. There are already examples of ICO emissions that have raised $ 25 million in a 15-minute period.
The most significant amount raised through ICO was recorded in July this year, when anonymous to date company Tezos managed to raise $ 232 million in battle and ether.
Things are so real that the Swiss bank Falcon has been providing digital asset management services to its customers for a month. That is, virtual currencies are already present even in the Swiss banking system. When talking about block technology out of the context of virtual currencies, the situation looks promising in a different way. Technology companies such as Cisco integrate block based systems. The financial institutions Unicredit, Deutsche Bank, HSBC, KBC, Natixis, Rabobank and Societe Generale also form a block payment infrastructure for companies with conventional national currencies. Even one of the 12 US Federal Reserve Bankers said in the middle of this year that block technology may have greater potential than virtual currencies.And how much this comes to support the new ecosystem built around digital assets, it also questions the future of the virtual currency itself. The real value behind the cost of a battlefield is the efficiency of the infrastructure behind it. Bloccene technology is now multiplied into all sorts of clones applied to a variety of activities that could exist without cryptoLight, especially in the context of a private business such as banking services.
The cost of the BitcoinKey is built entirely on the trust of consumers and investors. The more you trade and make payments with it, the higher the value will reach. All of this may collapse as the value of virtual currencies is built on something that has no measure of inferiority or a conventional precautionary measure. It has confidence that creates value on its own. Desire, through peer-to-peer connectivity, ordinary people are independent of any regulation - protectionist or not. At least, this idealistic lay at the foundation of the Battle Eyesystem in the days of its birth.
Still, against the backdrop of the fact that block is the big innovation, virtual currencies are starting to look more and more like a natural pyramid. It's as if everyone knows this is a balloon, but they do not want him to stop inflating because everyone wins something concealed behind peer-to-peer ideology. Too unsustainable, some say. That is why the question "when," instead of "how," comes up on the agenda. Not how much a horse will cost, and when the bubble bursts. We have contributed a number of factors to such circumstances. The predictions that the Battlecamp will rise to $ 500K will not be enough. Bitcoin will reach the limit of your feed. More and more countries will be tightening rules around digital assets, as is already happening in the US. In the States there are investigations and revisions from official authorities to virtual currency businesses. As a result of this pressure, Bitfinex's third-largest world-wide stock-market, stops serving its US customers, the stock exchange announced late last week via its official website.
Additionally, in the world of digital assets something revolutionary happened - a code was added to the original software of the block technology behind the world's most expensive crypto-globe. The official reason is the speeding up of transactions due to the huge system load, while the unofficial might sound and more transactions = more profits. However, this is a soft approach. A separate group of representatives of the Battlefield ecosystem stood behind a brand new block and its new adjoining cryptolite - Bitcoin Cash. And again the official reason is faster and more efficient payments. So all the Bitcoincats have automatically received their bets on the worldwide stock exchange BitcoinKeys Cash, the number of bits on the bills. As a result of the events called "split-of-two" or "soft fork" and "hard fork" by Western media, one of the biggest battlegrounds in the world, Coinbase and GDAX announced a boycott of Bitkine Cash. Users will be free to download the newly acquired BitcoinCash from their accounts as of 1.01.2018. And notice - just to download it, but not to trade it on the appropriate platforms. As a result, the price of the new cryptographic dropped from nearly $ 800 to about $ 320. So we are already witnessing a divide in the world of digital assets. A division, against the backdrop of the ideal of freedom from national regulations, is a good reason to undermine confidence. In a world of more and more intrusive automation, a block can have tremendous influence through the ability to automate processes related to short-term decisions. And this is already happening in areas such as finance, healthcare, public services, and so on.
The ecosystem based on virtual currencies and the technology behind them is actually unpredictable. This is due to the lack of regulations and the uncertainty of their possible introduction. However, pricing records that harvest a battlefield clearly indicate that at least for now the virtual currencies continue to be the phenomenon that distributes serious conditions among people who have not had such opportunities so far. Times are interesting, which is not necessarily a good sign for investors in digital assets. Of course, in the end, it all depends on which side of the virtual coin you will end up with.
No comments:
Post a Comment