Shadows Crypto and Bitcoin Currency Risk in 2018

in #bitcoin6 years ago

The fear of declining prices of Bitcoin and other crypto currencies is suddenly still warmed up. Is it true that the future of digital money is getting worse in 2018?

Crypto currency so lips throughout 2017 yesterday. The price of the king of the crypto currency: Bitcoin continues to skyrocket.

Beginning of August, Bitcoin set a new record: for the first time, the price of 1 Bitcoin is more expensive than 1 ounce of gold. It was US $ 4 thousand, or about Rp55-56 million.

If you look more backward, the achievement is more bombastic. In 2012, the price of 1 BTC (unit Bitcoin) is about US $ 15, now? The price is more than US $ 15 thousand, was predicted to touch US $ 60 thousand in 2018.

The observers are divided, some consider this to be good: as a progression, others consider the trend to be short-lived. Usually referred to as Bitcoin Bubble-a commodity price continually skyrocketing to form a bubble, which is feared to break at any time.

"Call it 'bubble' if you like, but can you really get away from crypto currency?" Said market analysis expert Naeem Aslam, opening his writing in Forbes about the prediction of the fate of crypto currency in 2018.

Aslam who claims to have crypto currency such as Ether, Ripple, Bitcoin estimates that during 2018, investment in crypto currency will remain a trend and will not harm at all. He did not deny that the worries about the bubble make sense. "Looking at the numbers this makes you think that no more (incident) this is a bubble, because growth of this great is indeed unprecedented, "

But for him, the most important question of the condition is: can you still make money while you still think it's a bubble? "The blunt answer: if you can survive the loss of some money that will not change your life, then bet it," he said.

Aslam's intention, if the average income of Americans aged 20-64 years is US $ 27 thousand to 50 thousand per year, then investing US $ 100 alone will not interfere financially.

In Aslam's calculations, while looking at the development of the crypto currency over the past year, investing $ 100 in Ripple in January 2018 will cost US $ 35,259 in December. Even investing in the less expensive crypto currency of MaidSafeCoin, will still generate $ 948 on end of year.

"If an investor dares to plant US $ 100 on the 10 highest crypto valuations valued, the total profit of a year earned up to US $ 64,707," Aslam added.

Still from Forbes report Kenneth Rapoza, other crypto-currency observers also saw a bright future for investors investing in this digital money. He sees Etherum, NEO, and Ripple are other examples of crypto currencies considered to have ever stretched. get the benefits of the future, you do not affect the performance that happen again, because this is a challenge for us all.

Etherum for example, is not too popular like Bitcoin in its early presence. In the first 18 months the exchange rate of 1 ETH is only about 10 US dollars. New in March then rose slowly, and peaked with the value of US $ 395 equivalent in June 2017, although again fell to US $ 155 in July.

However, since it first came out in 2015, the Ether value - the Ethereum currency design - rose to 2,300 percent by mid-second quarter-2017. Now, in the first 24 hours of January, the total value of traded Ether coins is worth up to US $ 3 billion.

Total market capitalization of Ether reached US $ 84.12 billion. "Which means, the Russian-developed blockchain technology is now worth about $ 15 billion more than Brazil's controlled oil company, Petrobras. A company with more than 60 years of experience in the oil and gas market, "said Rapoza.

The current market capitalization of Petrobras is about US $ 71 billion with assets worth real money, unlike Ether.

Also read: Blockchain, Technology That At first Made the Bank Frightened

In Indonesia, the number of enthusiasts alias crypto currency investors are also growing. According to Bitcoin Indonesia, the largest domestic exchanger company, there are about 550 thousand people who have joined to invest. Though only recorded about 50 thousands of people in 2015.

Bitcoin, introduced in 2009, as a global digital payment tool with no geographical boundaries, began to disrupt into commodity goods-used as an investment asset. Bitcoin is touted as "digital gold".

Oscar Darmawan, CEO of Bitcoin.co.id, said the term "Bitcoin Bubble" confused him. "Speculation about Bitcoin is Bubble has been around since the price of 1 Bitcoin is still one dollar, 100 dollars, and 1,000 dollars. And until now there is still bubble speculation. Bitcoin price up and down it, I think is still reasonable, "said Oscar to Tirto.

Also read: "Do not See Bitcoin as Money But Digital Gold"

However, different perspectives from the Indonesian government. Bank Indonesia (BI), as the regulator actually assess investing in crypto currency is very high risk. "I want to say that the risk is something that should not be taken lightly, it is something that should not be regretted if there are people who want to know more about Bitcoin," said BI Governor Agus Martowardojo at the Bank Indonesia complex in Jakarta on Monday (11/12 / 2017) as quoted from Antara.

Read also: BI Governor: Do not Underestimate the Risks of Bitcoin Investments

As a currency or a means of payment, Bitcoin and other crypto currencies are denied. Because in the law in Indonesia, he is not valid if used as a means of payment. However, its circulation is by no means forbidden, as long as it is considered a commodity, like gold.

Now just your courage: take the risk or not, amid the uncertainty of "digital money" will happen in a bubble or bubble?

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Perhaps the future for this kind of money , might face some losses but will not disappear even if BTC bubble

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin7939.030$-7.21%-14.15%
ETHEthereum575.395$-7.36%-20.01%
MAIDMaidSafeCoin0.280$-6.55%-6.59%
NEONEO63.849$-9.91%-29.18%
XRPRipple0.646$-8.27%-21.25%

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