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26.11.2018 12:56
(Law 26.11.2018 12:56)
Bitcoin loses about 40% in two weeks
© APA (AFP)
The descent to Bitcoin continues unabated. For the first time in more than a year, the largest and best known cryptocurrency price fell below $ 4,000. And the experts do not see the end of the downward spiral. "He continues to threaten a merciless sale," said Crime Expert Timo Emden on Monday from Emden Research.
In mid-November, a Bitcoin on the Bitstamp trading platform had cost about $ 6,300 ($ 5,550) in December 2017, sometimes even $ 20,000.
Analysts see a technical reason for the technical division of the sister currency, Bitcoin Cash, created like all cryptographic currencies of the computer. In what is called Hard Fork, the blockchain database behind the cybercurrency is divided by programmers into two independent parts as of a specific deadline. Investors fear that this will destabilize the entire cryptocurrency market.
"It turned out that the cryptography industry has not yet grown," said badyst Emden. The loss of confidence triggered a sales pressure that has developed its own momentum. "If the price goes up, there is a hype, which increases the demand and therefore the most, but if the price goes down, speculative demand goes down," said Ulrich Stephan, chief investment strategist for private clients and investors. large companies at Deutsche Bank. The fall in prices could therefore continue. "An investment remains highly speculative," he warned.
A hard range is usually accompanied by a software update, for example to increase the transaction speed. Owners of the original currency will then be credited with the same amount of the new sister currency. Bitcoin has already produced Bitcoin Cash and Bitcoin Gold. These splits were each time accompanied by Kursturbulenzen.
In the cryptography sector, there is still no regulation. For example, each supplier can introduce their own cyber-device to the market via an initial offer of parts (ICO) and collect funds from investors, without these transactions being subject to supervision. The German Financial Supervisory Authority BaFin has repeatedly warned against investing in instruments because they could result in a total loss.
Overall, there are currently more than 2,000 crypto-currencies with a market capitalization of just under $ 130 billion, according to the Coinmarketcap.com website. For the weddings of the Bitcoin hype about a year ago, this value was still about 800 billion – at that time, half as many currencies.
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