{"id":19063,"date":"2018-11-20T18:20:55","date_gmt":"2018-11-20T17:20:55","guid":{"rendered":"http:\/\/blog.netspark.de\/?p=19063"},"modified":"2018-11-20T22:54:53","modified_gmt":"2018-11-20T21:54:53","slug":"bitcoin-crashing-below-4500-usd","status":"publish","type":"post","link":"https:\/\/blog.netspark.de\/?p=19063","title":{"rendered":"Bitcoin crashing below 4500 USD!"},"content":{"rendered":"

\"\"Hard days for the cryptocurrencies when you watch the markets.
\nWith Bitcoin and other cryptocurrencies reaching all-new lows,
\nthe question is: Is it still wise to invest in cryptocurrencies?
\nThe reasons why the cryptocurrencies are falling are many.<\/p>\n

<\/p>\n

Here’s what most sites about cryptocurrency and their weakness write:<\/p>\n

    \n
  1. Bitcoin Cash is on it’s way to a hard fork which means that a new Bitcoin-like cryptocurrency is coming and raising pressure on Bitcoin and Bitcoin Cash<\/li>\n
  2. The US Monitoring authority SEC has sued two enterprises due to their initial public offering on digital markets (ICO – Initial Coin Offering).<\/li>\n
  3. People are scared by the rallye all cryptocurrencies are currently undergoing and selling their wallet contents.<\/li>\n
  4. Money capital of all cryptocurrencies has been falling to 124 billion USD from 840 billion back in 2017<\/li>\n
  5. Less interest to mine for new blocks has also lewered interest in specially designed hardware thus also lowering the capital gain.<\/li>\n
  6. The general capital market is suffering from a side-moving or even from a drop so interest in cryptocurrency-based shares is also at an all-low.<\/li>\n<\/ol>\n

    So what does that mean for the owners of Bitcoin&Co.?<\/p>\n

    Shall they sell now or wait untill this Baisse is thru or shall they even invest in new shares or start mining again?<\/p>\n

    The problem is that there’s no general answer to that.<\/p>\n

    Let’s have a view on the charts of both cryptocurrencies since May 2017 (click to enlarge):<\/p>\n

    \"\"<\/a><\/p>\n

    Bitcoin reached it’s peak on December 16th, 2017 with a whopping 19.361 USD. Then a sudden dip back to 13.000 USD and another rise to 17.900 USD on January 6th, 2018.<\/p>\n

    Since then the currency started to loose in value steadily. There were some spike upwards but Bitcon never reached it’s five-digit value per share again.<\/p>\n

    So let’s watch the chart of Ethereum (click to enlarge):<\/p>\n

    \"\"<\/a><\/p>\n

    Ethereum had a glamourous start of almost 1.428 USD on January 18th, 2018 but then started sliding down again. On April 28th, 2018 it started to rise again up to 840 USD.<\/p>\n

    Since then also Ethereum lost it’s value steadily. Now being on 142 USD per share. And it’s doubtful it’ll ever reach it’s four-digit value per share again.<\/p>\n

    So in conclusion everyone who had a whole bunch of shares of each of these cryptocurrencies by end 2017 \/ beginning of 2018 was a winner. Everyone else who thought he could get the same amountin short time had to learn that the cryptocurrencies have lost a lot of it’s charme till now and it’s questionable, if they will ever rise to new heights again. There are a lot of factors given that makes the outlook grim and\u00a0 with the current up&down on the normal stock market it’s a matter of time when we will see the next big stock market crash to happen.<\/p>\n

    All in all: It’s up to you if you want to participate this volatile market. But if you don’t have money to spare, then better don’t!<\/p>\n

    If you have your computer idling and running for probably nothing, you can make the wasted power into money.<\/p>\n

    Give WinEth a ride if you want but first consult the manual and how to register an ethermine pool at ethermine.org and preferably a digital currency wallet account such as Jaxx!<\/p>\n

    Keep in mind that ETH\/BTC miners are considered PUPs (Potentially Unwanted Programs) and nearly every virus scanner is either alarming them or cmpletely deleting them prior to execution (such as Kaspersky!)<\/p>\n","protected":false},"excerpt":{"rendered":"

    Hard days for the cryptocurrencies when you watch the markets. With Bitcoin and other cryptocurrencies reaching all-new lows, the question is: Is it still wise to invest in cryptocurrencies? The reasons why the cryptocurrencies are falling are many.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[342,3,19],"tags":[3378,3377,3376,2647,3375,3373,837,3374,363],"class_list":["post-19063","post","type-post","status-publish","format-standard","hentry","category-economyfinance","category-news","category-thoughts-2","tag-analysis","tag-bitcoin","tag-btc","tag-chart","tag-eth","tag-ethereum","tag-stock","tag-us-dollar","tag-usd"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts\/19063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19063"}],"version-history":[{"count":0,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts\/19063\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}