Lately, the capitalization in the cryptocurrency market this year has fallen dramatically, many are thinking whether this signifies an interest in using blockchain technology has been reduced. But why a big asset like Bitcoin has solved the problem better than altcoin. this can help us understand how and why prices can recover.
The fall of Bitcoin's price at the beginning of this year is inevitable. It's not a reflection of technology, but the fear and greed that drive amateur investors' decisions. With the trend of altcoin trending with Bitcoin, who is the most losers and should we survive to keep using crypto?
Will the cryptocurrency market be recovering this year?
It should be stipulated that the fall of the Bitcoin price is only temporary due to some problems. While the price of Bitcoin has decreased sink due to crashes in altcoin.
the technological capabilities of this altcoin have been accelerated until early this year. It will get better if more resources accumulate into the cryptocurrency space.
emerging regulations for crypto is a positive sign of institutional money being trapped. Likewise with the news of leading social media platforms that prohibit advertising for ICO "scammy" like Google, Facebook, and Twitter. and and countries like Japan and South Korea are currently stepping up regulation, we hope to see huge capital inflows going into the second half of the year
Those who invest the crypto this year may feel defeated, but believe me !! crypto market will return to its glory by the end of 2018. Remember, you only lose when you sell.
Why the loser if you sell crypto?
Those who had an accident when altcoin crashes are likely to hear the price and future of cryptocurrency based on hype and mere speculation. but try to note, the technology may be solid, the market is significantly overvalued cryptocurrency given its current capabilities. even still many people who still want to invest in krypto.
Cryptocurrency that falls least during altcoin crashes, this allows developers to build robust and secure technology, an important part of the investment portfolio is to have a committed community of investors and have high-quality engineers working on technology.
Who is the winner and who is the biggest loser in the crypto?
Seeing the fall of Bitcoin prices and falling altcoin prices, it is fair to say that Bitcoin still has a better price than altcoin. Using data from the index ,, Bitcoin is placed 7 in terms of current prices vs high all the time. This means altcoin generally loses more value than Bitcoin during a new deterioration - a sign of blockchain pioneering endurance and community loyalty as bag-HODLers. Altcoin beat Bitcoin including Binance currency exchange (BNB), Monero privacy coin (XMR) and Aeternity (AE) smart contract protocol. Of the altcoins that culminated before the fall of the Bitcoin price, the Bytom (BTM) multi-chain protocol has outperformed all other coins.
The biggest losers in altcoin accidents include two Bitcoin forks, Bitcoin Diamond (BCD) and Bitcoin Gold (BTG) as well as ZCash (ZEC) privacy coins that are down about 96 percent of their all-time high. While it is surprising to see such powerful projects as Cardano (ADA), Siacoin (SIA) and Nem (XEM) with about 80 percent decrease in the ATH Coin Index, it is a reflection of those who are overvalued during recent bubbles .
With the cryptocurrency market down about 70 percent of its total peak value at the beginning of 2018 some investors continue to question whether the technology can fulfill its promises. As an active participant in the scope of cryptocurrency, I can assure you that there will be more conferences, hackathons, and lines of code in Github than ever before. The fall in prices is negatively correlated with technological advances.
What does all this mean? you must decide, Warren Buffet, once said "Be afraid when others are greedy, and greedy when others are scared."