Bitcoin, a simple coin that in a very short time reached a really striking value for many people. Its great strength before a full market of different cryptocurrencies, is its great attraction. In recent times a large number of people have bet on this currency buying much of it, something that is risky for those who are not fully trained in this subject.
However, in the last few days we have been able to observe the great fall that this currency has suffered, which has caused many to tremble, causing huge losses to businessmen and investors from all over the world and which could be aggravated if this situation is not improved. on the other hand, leaves millions of people in debt.
But the big question is ... what is this bitcoin down? The best answer we found to this question is due to the strong announcements made by the South Korean government to prohibit the use of cryptocurrencies. This causes bitcoin prices to plummet and causing the virtual currency market to be in a state of confusion, not knowing what to do with their investments.
Fuente: https://es.cointelegraph.com/news/what-the-fud-bitcoin-market-beset-by-january-woes
Probably this is the biggest cause but not the only one. The truth is that many analysts are aware of the issue for some time claiming that the price of this type of cryptocurrency is well above its real value, so it is expected that this big bubble of bitcoin and other cryptocurrencies end up bursting very soon. This would not only affect Bitcoin but the endless number of cryptocurrencies that currently exist throughout the world.
Although many support this theory, many others affirm that after this suffered regression an overestimation could be generated, causing the value of the bitcoin to surpass its highest value reached to the date before collapsing.
