The latest evolution of the popular bitcoin means the end of our crypto coins or is this only a temporary slump?
A value decrease by as much as 50% in one month is not nothing. In december broke the bitcoin the magical limit of 20,000 dollars. Now, he came down to under 10,000 dollars.
What is actually going on with the bitcoin and with our other crypt coins?
Investors worried
The youngest State of affairs means that there is less than one month more than 44 billion dollars in non-just. Compared to the total value loss of 200 billion dollars last year actually negligible. Nevertheless, this new loss a lot of investors worried and that is now on the international market greatly felt.
Causes
Yet it is fortunately not all bad news for investors in bitcoins and other crypto coins. The value of the bitcoin seems to stabilize around the $10,000 in recent days.
There are several causes of this new value decrease. Under the impulse of both Asian and South Korean Governments worldwide now seems a true witch hunt on our crypto coins to get going. The European Union also one works hard at stricter rules regarding trading in crypto coins in the coin. So Netherlands started an investigation on alleged speculation.
Protect population of these digital currency. So big brother announced Facebook already to campaigns and create ads for the trade in bitcoin ban. And then there are the increasing reports of trading platforms that are hacked or subpoenaed. That was the case recently in Japan with crypto coins as Coincheck. There disappeared in one night more than 500 million dollars. Bitfinex, Publisher of one of the larger coins crypto to market value, got a subpoena from the US regulator SEC in the bus.
Who fears that there is not enough dollars in front of the currency issue. According to Bitfinex, there is currently a $2.3 billion worth of coverage.
More control
More control is indispensable according to insiders is the youngest the bitcoin a temporary slump and we are now the real start of the bitcoin and of the other crypto coins. This digital coins are a reality that will have to be more and more in mind. With the block chain as a basis.
Matter is that the market of the crypto coins in urgent need of a serious control. There was meet started with the introduction of so-called term contracts on the CBOE, the term market that also the volatility index VIX manages. And then there's the Chicago Mercantile Exchange, the largest term mark in the world. Who provided in advance for more transparency.
Thousand crypto coins
Thousand crypto coins Today, we have more than a thousand crypto coins. Far too many to clear. That will eventually solve itself and eventually there will be a few dozen coins remain.
The big spring clean should in other words yet to begin. How much the bitcoin still will fail, no one can predict. What is already clear is the fact that he more he drops in value, the more severe the bitcoin will be taken. Only then one speaks of a fully-fledged currency.