The experts Worldcoreо relative to Bitcoin exchange rate

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A few weeks ago, bitcoin has updated annual minima, falling below the $5800 on major exchanges. Skeptics, more than 300 times declaring bitcoin dead, update posts, John McAfee, looking down, nervous. Experts from the international payment company and the stock exchange Worldcore about what’s happening on the cryptocurrency market.

A few weeks ago, bitcoin has updated annual minima, falling below the $5800 on major exchanges. Skeptics, more than 300 times declaring bitcoin dead, update posts, John McAfee, looking down, nervous. Experts from the international payment company and the stock exchange Worldcore about what’s happening on the cryptocurrency market.

The vast majority of predictions of bitcoin prices, the data in the 1st quarter of 2018 was wrong. The cryptocurrency market downturn was longer and deeper than it seemed six months ago. The price of bitcoin fell more than three times, and other major crypto currencies are losing their value 5-7 times. The market decline is comparable only to the global recession 2013-2015, analysts said the company Worldcore.

Figure 1. The visualization of the falling of bitcoin prices in different periods [1].

The global difference of the decline in 2018 from the previous one is weak the change in the index of dominance of bitcoin prolonged drop in the capitalization of the cryptocurrency market.
For example, in a recent study of the market of altcoins Worldcore(token WRC), are figures of the fall of the dominance of bitcoin is 10% for 2014 (from 88% to 78%), while for the 1st half of 2018 and the index insignificantly grew (from 38.6% to 41.6%) with a comparable increase in the number of cryptocurrencies. “The difference in the behavior of the dominance index shows the strengthening of the position of bitcoin as “digital gold” of the cryptocurrency market, – says Alexey Nasonov, the head of the company Worldcore, a total blur of a share of bitcoin on the stock market due to the emergence of new promising coins and tokens, the bulk of the trade passes through a pair of of btc. We see this primarily on our exchange worldcore.trade”.

Predictions about the future behavior of the cryptocurrency market are very different from each other and depend on the engagement of experts and the amount invested in this market. Punters hope for the best and talk about how much they earn by the end of the year, and skeptics, who had seen not a single market bubble, saying that the market will never return to its previous level. General opinion suggests that the recession is global, and the prerequisites for rally Nov 2017-Jan 2018 not yet been observed.

In a recent publication an eminent FundstratGlobalAdvisorsкасаемо breaking in June of the lower level of the April bitcoin prices mention of further price movement downward in the short term, but after about a possible rise to $25 000 by the end of the year. And before that, the company’s founder Tom Lee said that expanding bitcoin does not have a cause, and its apparent motion is a loss of 25% of the cost 355 days a year since 2010, so nothing to worry about.

“When you talk about predictions of bitcoin prices automatically mean the whole cryptocurrency market, – says Alexey Nasonov – the Movement of altcoins tenaciously connected with the main currency. Of course, the good news about any technical or marketing data related to the alternative cryptocurrencies raise the rate, but in a bear market is local trends, courses still go back to normal. Compare, for example, the rising cost Otvesnoy last year and the rising cost Esac ago.”

Alternative cryptocurrencies in the absence of news in the late spring – early summer, followed by bitcoin. But due to global events: the launch of the EOS mannitol(plus stop), Tezosv2, Lisk, Sonm, Oyster,Aion, Nebulas, and also a huge number of conferences of developers and marketers and other news about it, and market volatility remained high. While maintaining the capitalization of the market was the flow of assets from one cryptocurrency to another.

Despite the great activity of the participants of kryptonyte, still no change of trend. We can distinguish several reasons why this is happening.

The first reason is the expectations of market participants for the contraction of the cryptocurrency bubble. No one wants to go in a falling market, and finding a “second bottom”. Everyone is waiting for the all global bottom price of bitcoin to be able to jump from it and fly up. The change of trend in this case – pure stock speculation. The bulls are hiding and waiting, as one jerk to lift the bears horns.

The second reason is a global crisis of confidence. In another study, the company Worldcoreговорится about the share Scam projects among all ICO2017-2018 from 59% to 81% according to different estimates. In such circumstances, the entrance of capital market comparable with the loss in 2/3 of the cases. This immediately is a stop-factor for any investment as long as the system will be developed for assessment of projects and teams, as well as the system of prosecution of unscrupulous developers.

The third reason, immediately adjacent to the second, is the uncertainty of the legal status of projects associated with cryptocurrencies. Sopaka in many countries are legally uncertain action, often do not fall under the regulators that equates the purchase token to transfer money with unknown return period and uncertain returns, depending on the mood and success of the project team. Not surprisingly, in the absence of the influence of crowdfunding on the final product, it is impossible to calculate the competence of the team, the amount of several thousand tokens of altcoins is the current ceiling of investment attractiveness of the stock market compared to the equity market.

“Summer trends 2018 – consolidation of participants around increasing the transparency of the market – sums up Alex Nasonov, testing different approaches to the infrastructure of the blockchain – EOS, Tezos, Nebulas, Sarasaparilla, EmeraldЭфириума classic. Any major changes in market position is unlikely, all waiting for the fall. Historically, all growths of the market are connected with the end of the year, so during the summer you can relax and identify the most promising object of investment”

[1] Source of data – exchange Bitstamp(BTC/USD), the processing and graphics – howmuch.net

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