With only ten years of the launch of Bitcoin, the first cryptocurrency we could call the "genesis" block of this cryptographic process that has revolutionized the financial world as we knew it, the cryptographic industry is advancing at a dizzying speed every day we see how new projects take place in the scene improving or trying to improve those that exist, however Bitcoin has remained as spearhead by setting the pace of the prices of the other cryptocurrencies by dragging them up or down according to the trend of their current price.
After a decade of its irruption in the world economic scene, now, what's next? Is the bubble definitely deflated? Is the time for a stable trend and the mass adoption of this virtual currency?
Historical behavior
Let's look at the historical behavior of the price of the "alpha" currency in the Blockchain and try to understand what awaits us in the future, obviously we can not be certain of what will happen in the future but the study of the historical behavior of a market It throws us data that allows us to intuit more less than it can happen in the future, you will not have 100% certainty, but if you can get closer to understanding what comes next, it is the principle used by stockbrokers or cryptocurrency enthusiasts. Know when to buy or sell.
I have been working on a new electronic money system that is totally peer-to-peer, with no trusted third party.
• Satoshi Nakamoto
Since this famous unknown said these words have happened many things around his creation:
Historical price behavior
The first year of its launch between January 2009 and January 2010 Bitcoin did not register any value in reference to existing fiduciary currencies, at the end of May of that same year it was that the currency began to register value arriving at a price of 0.003 $ , for July 2010 and it cost 0.08 $, in 2011 the incipient virtual currency reached the historic sum of $ 1 this indicated that people began to trust this monetary alternative.
For that same year, specifically on June 8, 2011, Bitcoin had climbed to $ 31, which experts called the first "bubble" that preceded the first fall in the price of the BTC. In December 2011, the currency fell. price to reach cost $ 2, apparently the Bitcoin had lost confidence and seemed the end of the illusion, a year later in December 2012 a little recovered to be quoted at $ 13.
April 2013, $ 266, May 2013, $ 130, June 2013, $ 100
November 2013, $ 350 - $ 1250: From October to November it went from $ 150 to $ 200, growing in this month to $ 400, then $ 600, $ 900 and finally breaking the ceiling of $ 1000 on November 27, 2013
December 2013, $ 600 - $ 1000: The price plummets to $ 600, bounces back to $ 1000 and falls again to $ 500. It stays oscillating between $ 650 and $ 800
Between January 2014 and December 2017 the currency fluctuated reaching high peaks and fall, but it was December of this year when it registered its historical maximum approximately eight years after its launch.
December 17, 2017. $ 19,900: Historical maximum of 1 BTC according to CoinMarketCap. South Korean exchanges passed $ 21,000 for every 1 BTC.
February 2, 2018. $ 6,375: Just over a month after the historic high loses more than two thirds of its value in an extremely strong price correction.
February 20, 2018. $ 11,785: Increase the value of Bitcoin again.
As of April 2018, the BTC price starts to fluctuate between $ 3,000 and $ 6,000, maintaining that trend throughout the
year and so far in 2019.
For some experts the real price of the BTC should stabilize around $ 6000, what are they based on to assume this? I do not know, I have even read some authors who speculate that Bitcoin can reach its historical maximum, reach $ 50,000 or even $ 100,000. We'll see! What is clear is that about two years ago the BTC reached its historic maximum and apparently remains in a line that has not been able to overcome.
Historical in the creation of cryptocurrencies
According to data, there are more than 2000 blockchain-based projects in the world, of which more than 1600 cryptocurrencies are listed in Coin Market Cap. All these projects have multiplied exponentially the number of cryptocurrencies in relation to a decade after when everything started with the "Genesis" block of BTC.
Cryptocurrencies are developed in many countries of the world and what is most striking is that not only in the developed countries are projects based on Blockchain emerging, poor or developing countries are saying that they are becoming more and more present in the world of this technology developing projects that promises to revolutionize Latin America.
In Latin countries there are already more than 20 cryptocurrencies, of which I will mention some in this publication:
| ARGENTINA | BRAZIL | CHILE | COLOMBIA |
|---|---|---|---|
| JasperCoin (JAC) | Nióbio Cash (NBR) | Chaucha | CelCoin (CELC) |
| COSTA RICA | ECUADOR | MEXICO | PERU |
|---|---|---|---|
| Pura | Sucrecoin | Agrocoin | LekCoin |
| URUGUAY | VENEZUELA |
|---|---|
| e-Peso | OnixCoin (ONX) |
Just to mention some cryptocurrency projects in Latin America, being Venezuela the Latin American country where more projects of this type have been developed including the controversial Petro created by the Venezuelan government.
First of all this cryptographic panorama I return to the title of my publication, What to expect in the future, of cryptocurrencies? What does the future hold? Can BTC overcome its historical maximum or are we facing the stabilization of the crypto market?
Share with me your opinion about this topic, I am open to any comment, suggestion or clarification of this topic, I will also respond kindly to each comment you want to make.
Note: this article is framed in the hope project PROJEC #HOPE.
FOR VENEZUELA IF THERE IS HOPE!
Pr EV
