A recent study about cryptocurrency capitalization has been published in Switzerland by a group of researchers claiming that Bitcoin’s market value could plummet at high velocity speed by the end of 2018, causing a financial drop of nearly $44 biliion USD. Currently, the gross value of BTC is estimated at $121B but after running certain diagnostics at Zurich’s Department of Management, Technology and Economics, as well as Swiss Finance Institute at the University of Geneva, it has been predicted that some 35% of all funds could hit the skids due to an increased level of bubbles and crashes on the global market.
By using special mathematical formulas for analyzing coincidence of fundamental and technical indicators, experts have identified an accelerated tempo of growing and bursting bubbles on at least four attempts. Scientists have also applied Metcalfe’s law into the equations, which has been tied to cryptocurrencies since their inception for precise forecast of price increase. The results have shown that the number of Bitcoin users is dropping, especially in the previous 4 months (the current price of one unit is at the time of writing around $8,119 USD).
Although this may be true, the researchers are merely pointing out a possible scenario, emphasizing that the inceasingly unstable nature of digital assets should be closely monitored in the following period. If the user growth continues to drop, the current market cap might face serious issues as $44b or $33b regression might damage the entire industry at large. Pursuant to results of another research, the current market resembles to that of early 2014, which was followed by a downswing.
If you want to know how to keep your Bitcoins safe or learn more about the blockchain technology make sure to click on the links above. To repeat, Twitter’s CEO, Jack Dorsey recently stated that BTC could overtake the US dollar in the next decade, even though leading Internet companies put a ban on crypto ads due to misleading ICOs and spam.
Source:
“Bitcoin’s Value to Lose $44 Billion by Year’s End, Researchers Argue”, news.bitcoin.com. April 9, 2018.
fredos386
5 years ago
Mojo Jojo not really, people love to make complicated stories with things that are very simple. Btc... took off with people wanting to do illegal things. Then caught up by casino and other industries using it. The value went up so it brought attention and all the people wanting to make quick money. Countries like China...
Mojo Jojo not really, people love to make complicated stories with things that are very simple. Btc... took off with people wanting to do illegal things. Then caught up by casino and other industries using it. The value went up so it brought attention and all the people wanting to make quick money. Countries like China devaluating their currency like crazy making chinese buy btc all they can then... mega bubble. Then China ban, other countries ban.. lose value, no more easy quick money. People quit... The only reason it's around 6-7k at the moment are all the people that have everything invested in btc and are holding to them hoping they go back up along with dreamers that think it will go back up so they buy more every dip. But we can see the end is there. Not the end of cryptos but the end of the bubble and crazy prices... market is slowly stabilizing.
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Mojo Jojo
6 years ago
I have seen a documentary about Bitcoin from Youtube channel Real Engineering and the reason of the massive value drop was the wrong use of Bitcoin and the hijack of it. The largest Bitcoin mining farm is in Iceland and a mining farm in China was the biggest farm that damaged the Bitcoin value. I think this will also happen...
I have seen a documentary about Bitcoin from Youtube channel Real Engineering and the reason of the massive value drop was the wrong use of Bitcoin and the hijack of it. The largest Bitcoin mining farm is in Iceland and a mining farm in China was the biggest farm that damaged the Bitcoin value. I think this will also happen to the other crypto currencies.
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Paul axton
6 years ago
Free bitcoin lives across the road from the easter bunny, and between a pink unicorn and a casino that takes a travel money visa
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jade
6 years ago
Another conspiracy theory. Gee, no surprise why user growth is dropping. All the big internet bullies banning Bitcoin and Bitcoin advertising, places banning Bitcoin and damn, lets not forget those high Bitcoin transaction fees that are sucking the profit out buying bitcoin Yeah, it is going to have its effects. Hell,...
Another conspiracy theory. Gee, no surprise why user growth is dropping. All the big internet bullies banning Bitcoin and Bitcoin advertising, places banning Bitcoin and damn, lets not forget those high Bitcoin transaction fees that are sucking the profit out buying bitcoin Yeah, it is going to have its effects. Hell, I hardly use bitcoin anymore, so you can even count me as a minuscule part of the drop in user growth. So far this year and it's only April, Bitcoin has been on a roller coaster ride from hell. Still, it is good to know what people are thinking and saying about the growth, or lack of growth, in what was the greatest thing to come around since sliced bread.
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Fridayhigh
6 years ago
Less people are using bitcoin because they took away the debit card to your wallet. Until a new processor issues another MasterCard so as to spend and use the funds that are in whatever crypto, currency you have, I see no future. The value of any currency is its usage. Having to convert and transfer funds to your standard...
Less people are using bitcoin because they took away the debit card to your wallet. Until a new processor issues another MasterCard so as to spend and use the funds that are in whatever crypto, currency you have, I see no future. The value of any currency is its usage. Having to convert and transfer funds to your standard bank account defeats the purpose of crypto currencies anonymity. Beside the fact just a few people or maybe funds are in control of the majority of Bitcoins, probably the FED, or ECB at that. Who knows? What's for sure, you cant beat cash. And that is the one thing that scares me about the blockchain technology. The globalist plan is to do away with cash, and they are nearly there. Crypto currencies in my opinion further this. And the lack of any processors or banking institutions to issue debit cards to wallets to obtain cash instantly is of late a very bad sign indeed. If they cant tax it, they wont let it survive.
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energydd
6 years ago
Bitcoin price will drop that is for sure because of the high transaction fees and people are using now cheaper alternatives. Ether is a good alternative or Litecoin. Maybe someday Litecoin or Ether will be as the same value as Bitcoin is today, so you need to invest in Ether or Litecoin now i know i will.
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Vanenhox
6 years ago
Six of one; half a dozen of the other...who knows which evaluation and/or forecast is the accurate one? I saw an interesting article the other day on a big financial news website. According to this article, the descending curve on several types of charts show that bitcoins drop in value is mirroring that of other famous...
Six of one; half a dozen of the other...who knows which evaluation and/or forecast is the accurate one? I saw an interesting article the other day on a big financial news website. According to this article, the descending curve on several types of charts show that bitcoins drop in value is mirroring that of other famous bubbles of the past, like the dutch tulip craze of the 1600's amongst others. Bitcoin is in the eyes of this analysis a classic bubble destined to end with zero value. But since we are in a brave new world and there has never been a crypto currency marketplace, how well do the old models really hold? Time will tell of course. In the meantime hold on tight if you are investing in crypto...it might be a wild roller coaster ride to wherever it ends high or low.
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