The End of Bitcoin is Near
The recent FUD factor (Fear, uncertainty and doubt) that has swept the crypto-markets seems to have triggered a domino effect that may just cause the Bitcoin bubble to finally burst.
However, after taking a loss of 40%, the cryptocurrency markets are still as promising as ever. And, despite Bitcoin and other cryptocurrencies recent decline since the end of 2017, this trend has not had much of an impact on fundraising for new ICOs. (Initial Coin Offering)
2017 was a remarkable year for cryptocurrencies, and for Bitcoin in particular, which started the year out below $1,000, but end it around a staggering $20,000. However, since its peak, Bitcoin is down by more than 59% of its December value and on its way down, it took other cryptocurrencies with it.
The sudden and rapid rise in cryptocurrency prices throughout 2017 was mostly due to hype fueled by the media, which deemed virtual currencies as a miracle that could make you rich overnight. This combined with the “weak hands” arriving late to the markets in 2017 caused prices to skyrocket.
The confidence that fueled the fire quickly began to dwindle as investors began to realize that they were there for the wrong reasons. It seems that making money quickly by investing in a frenzied market fueled by the media is not a good enough reason to invest your money. And, as of recently, traders are beginning to get a shocking reminder of this. Many novice traders and investors have likely already sold their assets at the slightest warning that the bubble could soon burst.
Currently, the public seems to be turning to the lesser-known cryptocurrencies with hopes of turning a profit.
Newer Forks in the Blockchain such as Bitcoin Cash are becoming increasingly popular and Bitcoin is beginning to lose its dominance of the crypto-world.
As it stands, Bitcoin remains an important piece of the puzzle since it is one of the main cryptocurrencies that allows traders to buy other alternative cryptocurrencies to begin trading.
If, let’s say NEO, Ethereum or the Cardano were able to achieve this key function, Bitcoin could witness a sudden and violent crash. Even if this does not happen any time soon, many experts believe that the end of Bitcoin is inevitable.
After last year, the public seems to be increasingly interested in investments that could see massive short-term gains, as well as having some longer-term potential. Investors are now seeking cryptocurrencies that still have lower values, unlike Bitcoin and other more popular names.
And, because of this, so far in 2018, the 100 Small-Cap index, which includes several lesser-known cryptocurrencies, is up by 34%, while Bitcoin’s is down about 20%.
However, after taking a loss of 40%, the cryptocurrency markets are still as promising as ever. And, despite Bitcoin and other cryptocurrencies recent decline since the end of 2017, this trend has not had much of an impact on fundraising for new ICOs. (Initial Coin Offering)
The Fall of the Uptrend
2017 was a remarkable year for cryptocurrencies, and for Bitcoin in particular, which started the year out below $1,000, but end it around a staggering $20,000. However, since its peak, Bitcoin is down by more than 59% of its December value and on its way down, it took other cryptocurrencies with it.
The sudden and rapid rise in cryptocurrency prices throughout 2017 was mostly due to hype fueled by the media, which deemed virtual currencies as a miracle that could make you rich overnight. This combined with the “weak hands” arriving late to the markets in 2017 caused prices to skyrocket.
The confidence that fueled the fire quickly began to dwindle as investors began to realize that they were there for the wrong reasons. It seems that making money quickly by investing in a frenzied market fueled by the media is not a good enough reason to invest your money. And, as of recently, traders are beginning to get a shocking reminder of this. Many novice traders and investors have likely already sold their assets at the slightest warning that the bubble could soon burst.
Why is it the End for Bitcoin?
Currently, the public seems to be turning to the lesser-known cryptocurrencies with hopes of turning a profit.
Newer Forks in the Blockchain such as Bitcoin Cash are becoming increasingly popular and Bitcoin is beginning to lose its dominance of the crypto-world.
As it stands, Bitcoin remains an important piece of the puzzle since it is one of the main cryptocurrencies that allows traders to buy other alternative cryptocurrencies to begin trading.
If, let’s say NEO, Ethereum or the Cardano were able to achieve this key function, Bitcoin could witness a sudden and violent crash. Even if this does not happen any time soon, many experts believe that the end of Bitcoin is inevitable.
Alternative Cryptocurrencies Attracting Investors
After last year, the public seems to be increasingly interested in investments that could see massive short-term gains, as well as having some longer-term potential. Investors are now seeking cryptocurrencies that still have lower values, unlike Bitcoin and other more popular names.
And, because of this, so far in 2018, the 100 Small-Cap index, which includes several lesser-known cryptocurrencies, is up by 34%, while Bitcoin’s is down about 20%.
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Disclaimer. This content is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell any security or digital asset. Past performance does not guarantee future results. Cryptocurrency investments are subject to high market risk and volatility.