It's in a real crisis the Bitcoin. (Analysis)

cain1914 (55)in #cryptocurrency • 6 years ago (edited)

Good day Friends of Steemit, before entering the matter I want to clarify that the exposed in this article is a personal opinion and of which I do not seek to influence in the decisions of investment of any person, remember that to work with Cryptocoins is an investment business of High risk levels and these are carried out under your responsibility.

Since the price drop of the BTC last December of an astonishing value of $19,000, it has come down gradually to reach staggering amounts of $5,000 in the months that have elapsed this year. This has created a wave of nervousness and many people take for granted that the Bitcoin era is over.
In my appreciation what is happening today is totally normal. To let you see my point of view I have brought as support the price graphs of the Coinmarketscap.com page which are available to anyone who wants to check the information. Logically the price drop was inevitable to have reached such high levels in the past December, but we will see a little history of the BTC, I resemble much to the history of failure of a computer or vehicle which by the history of failures can diagnose or pro Mediate their behavior in future dates.

It is true that the behavior of this year 2018, is different from previous but when normalizing prices will see that returns to their habitual behavior.

Let's start, first let's look at a global approach from the year 2013 to 2018.

In this line of time we can see that there are several high peaks that arise as time elapses, curiously the highest are presented in the second period of each year.

To verify first peak:

If we can observe the date that marks the 1 of December of the year 2013, ie, increase its value and shortly thereafter was renormalized consecutively with a low and maintaining a value a little higher than the year that had elapsed. At that time frame trend of a value of approximately $1,000.

We check the price of November but the following year, as we see in the graph there were no major jumps during the year 2014 but if a decrease of its value:

For the year 2015 the values are maintained without jumps or low:

For the year 2016, it recovered its highest value presented in the year 2013 which kept it in the $1,000 at the end of December.

What allowed a big stir in the year 2017, we must bear in mind that in recent years the cryptocoins have had relevance in the economic-financial world which allowed the great fluctuation of their prices.

At the beginning of the year 2017 there was a constant growth until the month of December that the market could not continue holding, this forced the market to correct its prices in the following year in this case the year 2018.
Let us see its behavior in the months of the year 2017 which begins in the month of January with an approximate value of the $1,000 and against with those elapsed in the 2018 with an initial value of $15,000 approximately.

In the month of February the year 2017 maintains its approximate values while in the 2018 continues to correct its market prices reducing its value to more than 50% of the initial value.

In the month of March of the year 2017 begins to show a slight growth, whereas in the year 2018 the prices of the market continue to be corrected.

Let's skip a little months to not make the article tedious and see the month of July:

We see that in the year 2017 after having in previous years some very stable values for the market, is increasing to more than 100% of its initial value. While in the year 2018, we hardly noticed that the price is already maintaining a balance in its prices ready to go on increasing.
In addition to this, if we compared their value these still remain well above the values reflected in the same months of previous years. We must not leave aside, the prominence and the attack that have had worldwide the cryptocoins in the world and that figuratively are fighting a war for their survival.
Countries are taking firm stances, some of the world's major economies are supporting the initiatives of the use of cryptocoins, others are against stronger positions, causing negative price effects.

The cryptocoins still have a lot to contribute and it is the currency of exchange of the future. Although it is uncertain and very difficult to predict when they increase their prices or lower the insurance is that it is showing an upward trend and that is beginning the second period of the year allows to see a hope of growth of its value and with a fairly prices Above the previous years.
Many analysts believe that the price can exceed this year the record presented in the year 2017, it is really risky to confirm that argument but I do believe that it regained its value soon.

Thanks for reading, I hope to hear your opinions and comments about it as they are important to me. Thank you!

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