Stock Market Crashes
Crypto Money Exchange Mt. Gox lost about 650,000 Bitcoins when it collapsed in 2014. Although this amount has a fairly high real money reserves four years ago, it was not as high as the current $ 5.2 billion. Another major failure or collapse of the stock market can lead to complete disappearance of trust in the cryptocracy, resulting in loss of money and commodities.
Because last week, $ 500 million NEM cryptography was stolen in Japan, and concerns about lack of security against crypto money investments increased.
Bitcoin's Fashion Passed
The reason for the separation of Bitcoin Cash and other bifurcations from Bitcoin is the inadequacy of the capacity in the original cryptocracy. For Bitcoin operations, the block chain requires 1 MB file size, 2.500 operations per block. Bitcoin Cash is 8 MB and much faster.
Thus, a simple operation can take an unexpected time (sometimes hours) and be rejected by the system. Moreover, Bitcoin was more costly than the old one; an average of $ 10 to 140 dollars. "The first players are usually very speculative, but the trend is here, there's a saying about it, the faster the arrowheads get rich, so Bitcoin gets the people behind the back," said Bw. Sheppard, a PwC Global Strategy Officer. said.
Regulators Can Take Action
Oral explanation of the banning of Cryptocracy by the Indian Ministry of Finance led to the loss of about 25% of the value of the market. Bitcoin lost $ 3,000 on Thursday and Friday. If countries such as China, India, Russia and the United States make a declaration of prohibition on these operations, Bitcoin may not die completely, but the old one, and now still the declining brightness.
