South Korea Highest
Bitcoin Prices Soar. Bitcoin, re-opened the eyes of the world for its true identity. The invention of the work of pseudonym Satoshi Nakamoto, in the middle of 2017 more shine in the world. No wonder, various major media in the world re-record the trace of the event. How not, only Bitcoin, whose value is capable of breaking the highest record in the world.
For the world's cryptocurrency community, the price hikes to the highest point in any given period, in the future may also be higher. It is a matter of rising to the highest price level, it is only a matter of time.
With the character of cryptocurrency fully determined by market mechanisms in real time, without any authority determining the policy, of course, it is curious for the various circles to try to guess how the current price movements. In connection with the rising prices of Bitcoin in recent days, a number of possible variables that can be used as the basis for thinking as a background of price increases have been banyan
Ak we read in various media.
In response to this, any variables that try to be used as an approach, of course, will be subjective views only, although, these variables, did not rule out as well as the cause. Because, the rise and fall of bitcoin, absolutely determined from market participants, in this case is purely its users.
No Regard Of Speculative Behavior In Bitcoin Exchange - And Price Differences In Each Bitcoin Exchange
Speculators, can be said as the starting point of market price drivers. This kind of fact, perhaps already prevalent in the world of forex trading, as well as in the world of cryptocurrency.
Meanwhile, in each cryptocurrency exchange, the rise and fall of bitcoin prices, will also be determined from the market behavior in the market. It is for this reason that, in the end, it will open the price difference between the cryptocurrency exchanges.
With the already well-known character of bitcoin prices fluctuating quite a bit, coupled with the different price differentials in each market, of course, the behavior of speculators is more active, has more opportunities and options that are considered to be more profitable.
If we look at the bitcoin-analytics.com site, the chance of arbitration between bitcoin markets can even reach up to 144.43%. With this kind of opportunity, it is quite rational for speculators to be able to try their luck by looking at the far-reaching price difference.
The Increasing Anime Drastic And The Blockchain That Opens The Eyes Of The World
The high level of positive / negative interest from Bitcoin adopters, can be said to have a big impact that will affect the rise and fall of bitcoin. Blockchain, widely known as the backbone of Bitcoin, has also become the revolution in the world's latest discourse in technological development. In fact, many people who consider the popularity of the term the word "Blockchain" is, someday would be more glowing when compared with Bitcoin itself.
So far, there have been so many parties to governments in certain countries who previously thought cynicism about cryptocurrency changed dramatically to realize the potential and benefits of implementing Blockchain in various fields, especially for the financial services industry.
As an output of the above, then of course more people around the world will also see a more objective side of Bitcoin, as well as the "technology" that surrounds it. Until, it also leads to an increase in Bitc oin adopters around the world.
Bitcoin Character Limited
Bitcoin, being quite different from other currencies like FIAT. In addition to the specified total amount of Bitcoin that can be created over time, the protocols embedded in Bitcoin also work so well to regulate the distribution pattern, to the extent to which the time range of the bitcoin will be distributed.
With this kind of thing, then of course, the protocols serve as a consensus that builds a more organized, structured, predictable Bitcoin economy, with a more transparent, equitable distribution to all, and accessible to the public openly, without exception .
Thus, the number and economies that have been fixed, can be a solid foundation as an economic entity that is more resistant to inflation. Until its users too, able to see and realize, even give their "trust" on Bitcoin.
These unique and chic characters are complementary to the entity's entirety. Until it gives the same output, which regenerates a public consensus, that Bitcoin has a "VALUE".
Her Various Community Responses
One other side that can not be released is to look at the community of its users which consists of different viewpoints. If the above has been much touched on the price movement is also much determined by the behavior of speculators, then in this case, there are also many bitcoin adopters who see Bitcoin as an asset storage entity.
Behavior of bitcoin community with this character, will be more inclined to store bitco
In within a relatively longer timeframe, rather than the behavior of speculators that release some of its bitcoin in a relatively short period of time.
Positive Trends of Bitcoin In the Mid Year 2017
Bitcoin, in the year 2017, is like returning to its golden age. Indeed, there are a number of events that also influence the views and interest of the adopters. Until it also implies the relative price movement shows a positive trend.
South Korea
In various media, these things are the most dominant used as a variable cause of soaring Bitcoin prices. The value of bitcoin in some exchanges in Indonesia, as of this writing, has even reached 43 million rupiah per 1 BTC (Bitcoin). In fact, the other two countries that ranked first is South Korea. In South Korea, the price of Bitcoin in one of the bitcoin and cryptocurrency coinone exchanges, for example, reached 4.635.000 won, or Rp.68.392.000, -. At the same time, in one of the Bitcoin exchanges in Japan, Bitflyer, the price of Bitcoin reached 331,143 yen, or equivalent to Rp.39.431.732, -.
A number of news that began to bloom in the media, is a spike in the price of bitcoin is so high in South Korea. However, if we see from the above explanation, the difference between the exchange price difference, may be enough to affect market participants in South Korea bitcoin bourse. Coupled with the minimum supply of bitcoin, inversely proportional to the increasing market demand. Automatically, it will be big enough to affect the towering price movement.
While on the other hand also affect bitcoin market players in South Korea, is about the bad economic conditions in South Korea. From the Financial Times's media watch, it was mentioned that the economic condition in South Korea is potentially quite worrying.
Listed in the media, there are so many big companies in South Korea, who will not be able to cover its debts. A number of big companies, to be a worrisome condition, if many big companies that collapsed, then the outline, the economy in South Korea will fall.