Last Saturday, a bitcoin was worth about 15 600 USD, according to CoinDesk. 12 hours later the price dropped to $ 12 900 USD — a decline of almost 17%. Since last Monday the bitcoin fell in price by 30%.
The good news: after Saturday's reduction bitcoin Sunday regained 11% of the lost positions. Price monitoring can cause a dizzy spell.
If bitcoin and other cryptocurrencies traded stocks, commodities or even gold, we could expect a significant profit after the correction. But the cycle typically lasts longer than a few days or even weeks.
At the end of November CoinMarketCap.com reported that 1 274 cryptocurrency have market capitalization of 283 billion USD. A week later, the total capitalization was $ 333.82 billion USD, a week later the figure was increased by an additional 50 billion Then 17 Dec total capitalization 1 325 cryptocurrency rose to 590.2 billion USD, and seven days later fell to 566.17 billion USD.
Last week the price of bitcoin fell by almost 24%, while the price of Bitcoin Cash grew by more than 54%. The Ripple grew by 42% over the same period, and the Ethereum only 7%.
The price of bitcoin and other cryptocurrencies are volatile because they have a common underlying value. A barrel of oil or ounce of gold has a price, which supports the physical asset. If the asset is not the item type bitcoins worth as much as people think.
Most people think that the value will rise, and speculation support bitcoin. Now available bitcoin futures, and there is reason to believe that the sellers of the goods without coverage will be able to rise on bitcoin. But without physical collateral, and a short sale too risky. As with any short selling, the risk is unlimited. While the volatility of bitcoin means that jumping up and down can happen literally in a moment.
In the past bitcoin has added to the price of almost USD 400 and began trading at a price of about 13 USD 854, but again decreases, having lost 10 USD for a couple of minutes.
the authorship belongs to:Alain Filippenkov | 25 December, 2017 19:05