Bitcoin course without stopping growing since the beginning of 2017, in May doubled in price. Expert explains what happens.
In January of 2017, Bitcoin exchange rate exceeded the historical high in 1137 dollars made during the fever in December 2013. Cryptocurrency steadily grew all in 2017, but in April, its growth accelerated sharply. A month Bitcoin has doubled - from 1,300 to 2,700 dollars - especially rose sharply after mid-May.
Around the same time, on 18 May, has grown by half a course Ethereum (Etherium) - more advanced analog Bitcoins from Russian developers. Ethereum is also built on top of blokcheyna and decentralized platform, but it's not just the currency, and " smart contracts ": air is transferred to the participants of the transaction under certain conditions, for the control which did not need a third party.
Experts attribute the sharp appreciation of Bitcoins to an event occurring more 1 April in Japan officially recognized Bitcoin as a payment means. However, there are other factors. Manager of Business Development and PR platform BTC.com Alejandro De la Torre told TJ, what's going on cryptocurrency market.
You can register on BTC.com-Bitcoin wallet, where you can also join our mining pool - connect its computing power and Mayne Bitcoins with us. Our parent company Bitmain - the world's largest manufacturer of equipment for mining bitkonov. These are computers that are only able to Mein Bitcoins, but do it very effectively.
Now we have about 400 million users, and the traffic really is growing: it is even seen by Alexa rating. Typically, the growth activity of users effectively connected with a rise in price of Bitcoin, and it takes place simultaneously in all companies in the market.
What is the reason for the sharp growth rate Bitcoins?
One of the main reasons for the growth of Bitcoin does that in April it actually legalized as a currency in Japan. This attracted a huge number of Japanese investors.
The problem is that many do not realize: Bitcoin is really growing.
There are more users, they recorded more than purses, increasing the number of transactions, creating new companies that take advantage of Bitcoin.
The media appears mostly negative information about what is happening with Bitcoins. Widely covered only large failures when breaking into any market or when using Bitcoin illegal transactions occur.
But this is important: many people still refer to cryptocurrency with skepticism, fear that everything will collapse.
In fact, a lot of which Bitcoin is already widely used as a means of payment. For example, Nigeria's laws prohibit local banks to withdraw the country's currency - Nigerian Naira - abroad. Therefore, in Nigeria, there is a strong increase in the use of Bitcoin.
The same is also visible in other countries, such as in Venezuela and Argentina, where very high inflation. Local residents are trying to fight inflation by keeping money in Bitcoin.
I understand that the popularity of Bitcoin in Nigeria is strongly influenced by the arrival of the country Sergey Mavrodi's financial pyramid. The "MMM" calculations with depositors are made in Bitcoins.
Yes, definitely, the demand for Bitcoin is associated with the "MMM" Mavrodi. But the reverse situation with a pyramid scheme is that it has made a popular Bitcoin - now they all know how to use it.
Venezuela is also an interesting case. There are not only hedge the risk of inflation, but also solve the problem of food and commodities: residents using Bitcoin order food delivery from the US.
The growing rate of Bitcoin - a good sign for the global economy?
The growth rate - this is normal. We believe that the interest in Bitcoin is connected not only with speculation on its price, but also with its breakthrough in the field of finance.
When the price increases, it gives a positive signal to the entire ecosystem - obviously, when rates fall, nothing good that does not portend.
If the price is rising too quickly, though many are fleeing to the signal to get rich quickly, some may lose their money - after the peak rate will fall sharply. At the very rapid growth on its own is nothing wrong with Bitcoins not, but personally I prefer that he grew more slowly - to the extent that it becomes legal in more countries and begin to use more active.
Now, at the turn of this already too late to invest in Bitcoin for profit?
All that is so rapidly growing, sooner or later fall. Incredible growth rate can not be maintained: to achieve this, you need to invest in the market of large sums of money. When the flow of money stops, fall rate. It's just a game of supply and demand.
Bitcoin is better to hold for a longer period only if you are not a trader and do not know what you're doing. But the trader - is a profession, and I would not invest now, to get rich quickly.
The growth of Bitcoin is associated with a jump Ethereum? During the week it rose to 88 199 dollars. How is it working Ethereum?
In Ethereum has