In our “Opinion” section, we publish expert views, commentary, and personal perspectives on developments in the cryptocurrency and blockchain industry. Here you will find analyses, debates, and opinions on key market events and technological trends. Read the “Opinion” section on ForkNews to explore different viewpoints on the evolving crypto landscape.
According to the chairman of the board of the Chinese platform for over-the-counter cryptocurrency trading BitKan, Leon Liu, the current round of market decline began at the end of last year and will last at least another 12 months. Lew believes that the Bitcoin Cash (BCH) hard fork and hash battles are just one reason, there are many other factors to consider beyond what is visible on the surface.
In his interview with Ben Wiesner of the ACLU Project, Edward Snowden several times emphasized the vital need for cryptocurrency to have people believe in its value. Fiat currencies are essentially not worth their face value. The government that issues the currency acts as the guarantor of its face value.
After months of sluggish price action, Bitcoin's value dropped significantly in November. For newcomers to the market, this is undoubtedly a shocking event, however, in fact, this is just a continuation of the cyclical rise and fall in the price of the world's first cryptocurrency. The value of Bitcoin will rise again as usual. The only question is what will serve as a catalyst for an increase in the price of a digital asset?
Ricardo Spagni, a member of the core team and developer of Monero, explained what consequences the Monero network would face if the Bitcoin developers decided to introduce anonymity into the Bitcoin protocol.
Bitcoin's steep rise in recent weeks has made traders and investors nervous. Since the spread of the crypto industry has become a global phenomenon in recent years, experts, analysts and ordinary users are trying to predict the behavior of crypto assets.
“Try your luck in Las Vegas. The food is better there,” said cryptocurrency critic Jeffrey Robinson, who has previously argued that digital assets are not investments and are not currencies. This week, some of the people who poured dollars into Bitcoin are regretting their decision as the price of the digital token fell below $5,000.
Of all the major cryptocurrencies, Bitcoin has seen the smallest decline in value. Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Stellar (XLM), Litecoin (LTC), EOS, and many other assets lost between 7% and 15%.
According to Bloomberg, on November 14, 2018, after maintaining a stable level for a long time, Bitcoin fell to $5,202. The value of other tokens also fell. However, according to Reddit creator Alexis Ohanian, the fall in the price of cryptocurrency is a necessary step for the further development of the area.
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