Growing bitcoin ruble is not a hindrance

16 February 2018, 10:04 | Economy
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Virtual currency continues to climb the mountain. For almost two weeks its course has been steadily strengthening. On Friday, February 16, the cost of bitcoin reached $ 10.1 thousand. The daily increase was 4.06%. The last time bitcoin traded above $ 10 thousand. in late January, after which for several days fell below $ 6 thousand. On the future prospects of "coins" is difficult to judge. On the one hand, the psychological frontier is overcome, which means that nothing holds the Crypto-currency from continuing growth. On the other hand, growth has clearly slowed down. Therefore, it can not be ruled out that bitcoin has reached the ceiling and in the near future the "roller coaster" will cease, and the course will stabilize. The fact that the market (at least for a short while) has calmed down is also evidenced by the dynamics of other popular crypto-currencies on the CoinMarketCap portal. After the explosive growth of the last time, when each of them added up to 10% of the price per day in price, the quotation curve equalized. Over the past 24 hours, the ether lost 0.25% in price, dropping to $ 936, the ripple fell 1.13%, to $ 1.14. Slightly fall in the price and other less popular currencies: lightcoin, cardano, stellar, NEO and others. Only bitcoin-cache, which has become stronger by 12.49%, to $ 1529, is unquenchable. Financial experts note that the dynamics of bitcoin coincides with the dynamics of trading on world stock exchanges. Last week they collapsed and are now gradually recovering. At the same time, analysts emphasize that this can be a simple coincidence. The growth rate bitkoina some observers timed to the Chinese New Year, which came on February 16. China is one of the largest crypto-currency markets, despite the fact that the authorities of the Middle Kingdom are trying to maximize the rules of their circulation. Obviously, it is meant that the Chinese are actively spending virtual currency on the purchase of gifts, but because the demand for it is growing. The rise in bitcoin and the derivative of the bitcoin cache currency on the background of a certain decrease in the rate of the remaining virtual payment means indicates that for some reason crypto investors have preferred bitcoin and transferred all the money to it. Before that, the entire market of crypto-currencies was rising and falling more or less synchronously. The future of bitcoin in particular and crypto-currency in general is still foggy. The fact that after pushing away from the bottom, virtual money again began to gain weight rapidly, globally nothing changes. They were, as they were, and remain a very volatile asset, the value of which is almost 100% dependent on speculation. Bitcoins are still unsecured, and operations with them are not protected by anything. The blown bubble is inflated again, and then it can again be blown away.

How many times this cycle will repeat before the bubble finally bursts, no one can say. At the same time, the fluctuations of bitcoin's ups and downs practically do not affect ordinary currency rates. "It is highly unlikely that the bitcoin dynamics is somehow reflected in the ruble exchange rate: the aggregate capitalization of all crypto-currencies is too insignificant to affect the" traditional "assets," the analyst of the social network for eToro investors in Russia and the CIS, Mikhail Maschenko.




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