Bitcoin Value Deposits from Rp. 176 Million to Rp. 51 Million / Chip

in bitcoin •  11 months ago 

Jakarta, CNBC Indonesia - Amsyong. Such is the fate of the Bitcoin 'legend' cryptocurrency. Just imagine, on the same date in January 2018, the value of a Bitcoin is still at US $ 12,424 or Rp 176 million (Exchange Rate Assumption of US $ 1 = Rp. 14,200). However, on Saturday (1/18/2019) the price of a Bitcoin was only US $ 3,608 or Rp. 51 million.

image
The drop in the price of Bitcoin made many investors and traders lose big. By 2018 the price of Bitcoin has dropped by 80% from the previous year's price.

According to financial research company Credit Karma, the United States (US) loses up to US $ 1.7 billion or equivalent to Rp. 23,800 trillion (assuming US $ 1 = Rp. 14,000) and unrealized losses of more than US $ 5 billion, but they have not claimed tax deductions because the losses are realized.

image

"Even though they sell bitcoin and can claim tax deductions due to losses, we found in our survey, 61% of those who lost did not really realize they were getting a tax deduction," explained Jagjit Chawla, Credit Karma General Manager, in a report, MarketWatch reported .

Just so you know, the price of Bitcoin is in a downward trend since May 2018 and cryptocurrency is now under $ 4,000, experiencing a correction of up to 80% of the highest peak of all time. Its market capitalization has fallen from US $ 327 billion to US $ 66 billion over the past 12 months. Roughly speaking, that valuation changed from Exxon Mobil to FedEx's worth.

Quartz reported, the fall of Bitcoin Cs also made other digital currency lovers stump. Collective market capitalization for all cryptocurrency fell from US $ 822 billion to US $ 130 billion.

According to BitInfoCharts, the number of active bitcoin wallet addresses every day has dropped from 1.1 million in December 2017 to 450 thousand.

Mining revenues, money generated through compensation to secure the network, and the number of confirmed transactions per day have also dropped which indicates that fewer people use Bitcoin this year than last year.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/esteem/@ryanelnieno/bitcoin-value-deposits-from-rp-176-million-to-rp-51-million-chip-988cc42cc6097

Dear badriadi83:

We are SteemBet, the next generation STEEM based gaming platform. We are honored to invite you to join our first fantastic dice game, which is just the beginning of SteemBet game series. Our dividend system has now launched. The prize pool has already accumulated 2,000 STEEM and more than 60 players have participated in staking mining token SBT. A huge reward of 40,000 STEEM is awaiting! Join us NOW with other 500 STEEM users to loot HUGE dividend reward!!

SteemBet Team

Official Website
https://steem-bet.com

Discord Server
https://discord.gg/95cBN3W

Telegram Group
https://t.me/steembet