The collapse of the bitcoin fuelling the fear of the bursting of the bubble of the criptomonedas

The bitcoin is back in the pillory. The currency is digital that astonished the world with a ascent brilliant in the past year —when they went from a quote below $ 400 (353,45 euros) to rub 19,000 (almost 16.800 euros)— a long time ago not to give troubles to those who have invested in it. If there is no surprise, 2019 will go to the criptohistoria as the year that put a roof impenetrable to the digital currencies. The bitcoin lost now 80% from the peak reached in December of 2017, according to the website Coindesk.

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When is it going to pop the bubble of the bitcoin? It's a question that analysts take months trying to answer. Well, if the bubble has not exploded in the last few weeks, what has happened is it seems like a lot. Experts quoted by Bloomberg believe, moreover, that this downward trend is going to continue soon. “Bitcoin is no longer boring”, assured sharp last week, analysts for Bloomberg Intelligence, they anticipate that the price of the currency could drop to $ 1,500 (about 1.325 euros).

The value is set to the up-regulation

Juan Pedro Gravel, a partner in the Technology Strategy of Deloitte, sees “more than possible” that attend a process of increased regulation of the criptodivisas, and that both the number and the value of these “begin to conform to the traditional methods of valuation of assets”.

“technological innovation and financial generates sometimes unreasonable expectations. In the criptomonedas intersects the hype technology with the speculative bubble. The excess of liquidity in the market combined with an attractive technology to generate in the case of bitcoin an overvaluation of the asset very striking, with values close to $ 20,000 [more than 16.600 euros],” explains Gravel. The partner of Deloitte adds that these processes end up always in a major correction that, in the case of bitcoin, it has been produced “with a violence unusual”.

Quote of Hilbet the bitcoin. Bloomberg

The bitcoin fell a week ago for under $ 4,000 (3.534,5 euros), a barrier that had not reached since September last year. Since then, this criptodivisa of huge volatility has lived days of euphoria, as the past day 28, when it experienced the greatest rise daily in months. But the steep climbs were followed by descents equally virulent, leaving the value of the digital currency on Friday, around 3,500 euros.

Pressure regulator

The explanations for these ups and downs vary from one analyst to another, but many agree on some factors that throw on the floor: disagreements in the community of developers of this currency created in 2008 by a person or persons with the pseudonym Satoshi Nakamoto; the growing pressure from the regulators and the doubts surrounding his ability to become a medium of payment as usual.

The great volatility of the virtual currency

What is bitcoin? The bitcoin is a currency completely digital-based transactions. He was born as a payment system for the Internet, and unlike other currencies, is not subject to an authority or intermediaries. In some companies and services will support payments with her. Its value depends on the confidence of users and the demand.

maximum Price. The bitcoin reached its highest value in the past year, when he came to quote almost nearly 18,700 dollars by the end of 2017. However, as it went up, came back down. Two months later it was worth less than $ 7,000.

The worst time. The bitcoin has lost out on 2018 80% of its value and it is living its worst moment this month, close to $ 4,000. Yesterday she even came in some moments of the session to get off of the 3,700 dollars.

The fall in the value of bitcoin can lead to a flight of investors which, until recently, seen on the currency digital a new gold mine. The crash also desincentivará part of the mining community, those who deal with create powerful computers new coins, the operation for which they spend huge amounts of electricity in exchange of a remuneration.

a few weeks Ago that the disagreements in the community of the criptomonedas resulted in a split —fork, in the jargon of the industry— the bitcoin cash —which, in turn, had been born also in 2017 as cleavage of the bitcoin—. This conflict has also been a spur to the drop in the value.

it Is true that bitcoin has lost about 700,000 million dollars (more than 618.530 millions of euros) capitalization in a few months. But it is too early to declare even by dead this criptomoneda. In previous drops, some have rushed for certifying your state of coma. And, on all these occasions, have ended up wandering. Regardless of its value, more and more companies declare their interest by using blockchain, the technology that underlies the bitcoin, for a countless number of utilities.