Correction Bitcoin is very similar to the collapse of the dot-com. What can we expect in the future?

Date:

2018-09-13 23:45:08

Views:

292

Rating:

1Like 0Dislike

Share:

While Bitcoin is gaining an increasing share of capitalization of the stock market, altcoins every day renew their annual lows. The world's media has already called the situation of the dot-com bubble». And while the comparison is true, this is not a negative factor for kriptonyte. To understand how correction of the main cryptocurrencies will go in her favor.

the

When you start to grow Bitcoin

According to the index of the top 10 altcoins , the stock market fell nearly 80 percent from their January values. We will remind, in 2000 the dot-com bubble burst and the stock market tech companies fell by as much as 78 percent. Then of capitalization took about $ 1.8 trillion.

Chief analyst markets.com Neal Wilson had no doubt in such a scenario.

This is another proof of how huge and speculative bubble is a industry of the crypts. It is quite possible that soon the winner will occupy most of the cryptocurrency market. At the moment, this surely is Bitcoin.

However, the price of the asset is not an indicator of its success in the future. During the collapse of the dot-com value of Amazon's stock went from a hundred dollars to below ten dollars. Rollback almost 90% did not prevent the stock to rise to $ 2,000, 18 years after the bubble.

The Fact that many companies survived the fall of the market gives hope for the gradual development of cryptocurrencies. At the time, investors were buying shares collapsed Amazon not for some technical reasons, but because of the technology.

Bitcoin is also a few bubbles in its history. For example, in April 2013, the value of the main cryptocurrency skyrocketed to $ 200, after the asset has gradually grown to $ 1,150. Then followed the drain to 200 dollars. The fall of Mt. Gox and a massive disappointment for early investors has not prevented Bitcoin to reach 20 thousand dollars at the end of last year.

Fear of investors before the complete collapse of the digital asset is not justified. The industry is developing both technically and fundamentally. Network Lightning Network for Bitcoin with great speed, and the developers of Ethereum will soon launch the most important update in the history of cryptocurrency.

In addition, the infrastructure around the stock market also has huge growth potential. By the end of this month, the Commission on securities and stock exchanges of the USA should be determined from the first cryptocurrency ETF. If the SEC makes a positive verdict, the crypt can come in large amounts from institutional investors. All this will be a good impetus to new bullrun.

While new Lambo is still waiting for you in the showroom, visit our cozy .

Recommended

Where the potential growth niche cryptocurrency? Reply Tom Lee

Known in the cryptocurrency community for its forecasts prices co-founder of Fundstrat Tom Lee called for the transmission of CNBC Crypto Trader. Along with leading a Ranom Namerom he discussed the issue of the predictions of the courses, and even to...

Binance runs from regulators, but in the end will lose. Report MIT

the world's Largest crypto currency exchange is playing a dangerous game with the regulators. She continues to work as if the market is still bullish, that is, including increasing the capitalization at the expense of ICO. The experts at MIT believe ...

Fasten your seat belts: soon Bitcoin will jump to $ 5,500

smell that? Hopes for growth among the majority of traders are slowly returning. Yeah, still not broke up, however, this event can already happen in the very near future. Analyst under the name GalaxyBTC argues that the main cryptocurrency will cross...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

The crypt is something to strive for: 6 Fiat currencies, which lived for three months

Cryptonatica, officials and bankers repeatedly predicted the cryptocurrency a bad end. The timing in their forecasts differ, but they agree on one thing — Bitcoin will fall to zero, and investors will be left with nothing. As incr...

What are the disadvantages of tablconv? Expert's answer

Professor of Economics, UC Berkeley Barry Eichengreen believes that tablconv has significant shortcomings. The expert criticized the three types of coins are tied to the Fiat. About it writes . the Why Tether — not the best invest...