The exchange rate of bitcoin November 23: the Bubble will burst like the dotcom
Stock Markets Group – the exchange Rate of bitcoin stopped the previous fall, but buyers still don’t have enough power to confidently deploy quotes most popular currency up.
The last collapse in the price of Bitcoin is too scared not only investors and major players in the cryptocurrency market, but the company’s production of tokens.
Increasingly, big mining farms complain that mining is becoming more expensive and unprofitable. The cost of electricity and maintenance of equipment, which breaks down and becomes obsolete, making the business unprofitable.
In a global fall in the value of bitcoin and most cryptocurrencies, increased sales of the funds. Investors are reducing the percentage of digital assets in their portfolios and withdrawing money.
Chart bitcoin/dollar has not changed, and quotes of popular token trying to form a new bottom. Intermediate support stand, but may again be broken, if in the coming days, customers will not find reasons for optimism.
Most popular cryptocurrencies today are trading mixed, which indicates the uncertainty of the bidders.
So the Bitcoin exchange rate Gold has appreciated by only 0.4% and reached 242$, the price Ripple dropped to 0.28% and is at a level of 0.42$, the value of Ethereum has appreciated by 0.88% and is close to 125 USD and the Bitcoin Cash rose by 0.40% and for one coin today offer only 19.83$.
Market capitalization of crypto-currencies in recent weeks has decreased significantly and continues to fall, standing at 131 229 billion.
The bitcoin exchange rate as the price of Amazon’s stock during the period of the dot-com
Partner venture company CryptoOracle Lou Kerner believes that the current situation with the most popular cryptocurrency is reminiscent of the dot-com bubble in the 2000s.
He said this, speaking at the show “Worldwide Exchange” on CNBC. He noted that cryptocurrency and bitcoin in particular should be considered as large companies that will eventually be released from a state of overvalue.
“If you consider the tokens as the Internet bubble as, for example Amazon, it should be noted that the largest company in history that has declined over the past two years 95%”
For comparison, the 1998 value of one share of the company was at $ 300, and in March 2000 it fell to a record us$ 6.
In the end, however that did not stop Amazon to become the second American company with a market capitalization of $ 1 trillion. dollars.
The same kernel I am confident that the current situation with the exchange rate of bitcoin and the volatility is nothing compared to previous periods, when the token has fallen by 70% (2013).
Many experts still believe that the prospects for Bitcoin are encouraging and now we just have to wait a period, and prepare everything to enter the market at the right time, when quotations reach its bottom point.
Market analyst cryptocurrency
Stock Markets Group™