After the introduction of bitcoin futures in the United States, bitcoin's currency rose to almost $ 20,000 a share in December last year and since then it plunged to more than halves its value, falling to $ 7,614 as of last Friday. However, Website coinmarketcap.com said, as of 2:58 pm local time on New York last Saturday, Bitcoin's currency has risen 7.5 percentage points to $ 9290.15.
The worst losers in this round were, of course, those who came in at the highest bitcoin bitcoin, not long after bitcoin skeptics such as Jamie Dimon and Rarielle Roubini had Pointed out that bitcoin is one of the largest asset bubbles in history and has shown signs of devaluation, and panic sales by Panhandle are quite different from those held by early bitcoin advocates. In the previous plunge, a trader, almost invariably begging investors to keep bitcoin, ended up inundated with panic moans.
The reason why Bitcoin into the mainstream vision, and the approval of bitcoin futures are not unrelated to the bitcoin period was the green light, many retail investors are afraid to miss the next outlet, have Jiancang investment bitcoin .With more and more novice influx , Bitcoin's currency soared to $ 10,000, then $ 15,000, and even on some exchanges to $ 20,000, all in just a few weeks.
Even some bitcoin speculators argue that Bitcoin's irrational soaring has come to runaway, such as plans to invest 500 million U.S. dollars to build digitally-encrypted currency hedge funds but ultimately to build billions of digitally encrypted currency commercial banks Mike Novozograd, the richest man, warned that Bitcoin is likely to fall to $ 8,000. Thomas Lee, of Fundstrat, also said Bitcoin could drop to about $ 9,000 before he starts to rise again.
In a telephone interview last Friday, Thomas Lee said that the recent sting of several Bitcoin stolen cases and tighter regulation have affected people's confidence, and many investors are waiting to see things clear until now. There is no fundamental change, and the situation is healthy, and sometimes frustration is necessary because nothing is always going up straight.
As bitcoin's total market capitalization jumped to more than 800 billion U.S. dollars in January of this year, regulators in all countries have stepped up their emphasis on bitcoin, and news of bitcoin transactions in various countries has been reported from time to time, resulting in some high-profile retail investors Investors panic selling to avoid greater losses.
Still, there are still plenty of people who want to keep investing in bitcoin, who have repeatedly crashed Coinbase Inc, a bitcoin exchange in San Francisco, and will continue to invest bitcoin once the bitcoin market rally, Brokerage APP After Robinhood Financial announced that it will provide zero-cost bitcoin transaction services, soon more than 1 million people will register for the 'first experience' feature.
Up 800%
Charles Hite, of CryptoCompare, a research site, thinks the bitcoin outlook is still rosy, as bitcoin developers are making breakthroughs in the technology and trading Bitcoin networks will be faster in the future. , Towards a Formal Regulatory Framework and Investor Protection Measures In the long run, the development of digital cryptocurrencies remains positive.
In the meantime, many early Bitcoin investors did not blindly sell on market movements, with bitcoins having a value of only $ 1,000 at the beginning of last year and $ 450 using bitcoins at the beginning of 2016. So investing then They dismissed this loss - after all, they are still up to 800% now.
David Mondros, veteran of the bitcoin community and CEO of bitcoin research platform Trive, said: 'This is just a market shift at the beginning of the year, and we do not even remember it in another 12 months.'