Bitcoin experienced days, weeks, months and a difficult year in 2018. On the other hand, Bitcoin investors, who wanted to enter 2019 with hope after a difficult year, stated that the market was shaken in 2018 and that the prices of cryptocurrencies exceeded expectations during the year and that their expectations were not met.. While Bitcoin started this year well, one of the reasons why it ended badly was due to the fact that there were some events at the end of the year that hit it like a weapon.. It was caused by the Bitcoin Cash hard fork war between Bitcoin Cash SV team and Bitcoin.com CEO and Bitcoin Cash supporter Roger Ver, one of the events that really hit the price and market cap of Bitcoin.. After the discussions between Roger and the SV team, it turned into a real hard fork, and the crypto money markets began to “crash” in the evening on November 15.
Bitcoin Cash hard fork, which has a short duration but still continues to have an effect, maybe investors throughout the year. It was one of the biggest evils for the company and it was considered as the move of the well-known names in the market to knowingly and willingly destroy the investors in the market.. In his later statements, Roger Ver tried to throw the ball to the Bitcoin Cash SV team, claiming that they did not think that the crypto money markets could change in this way, that he should never be blamed for this, and that the blame is entirely on those who manage Bitcoin Cash SV.
2018 wasn’t a bad year just because the hard fork took place. Investors loaded the market with excessive money and withdrew excessive money as the prices broke the record of $20,000 at the beginning of the year.. Those who bought Bitcoin at $1,000 and below thought that the price of Bitcoin could drop and sold billions of dollars to take their place among the most profitable investors in history. maybe not, as one of the definitive Bitcoin issues, the biggest pain was the bitterness experienced by those who bought for 20 thousand dollars and did not sell until today.. Although $20,000 was not a buyable level, there were those who bought millions of dollars of Bitcoin with the thought that it could rise for the sake of a momentary enthusiasm.. While these people were waiting for the market to ‘come to it’ during the year, they started to wait for $20,000 again after their dreams did not come true.. While some of them were selling at $3,500 and $3,250 in the past few weeks, they have experienced irreversible losses.
February was the nightmare of 2018
As one of the nightmare months of 2018, February was unexpected. events took place. February was the starting point for the declines not only in Bitcoin price but also for all cryptocurrencies.. While it was normal for the crypto money industry to fall after breaking a record in January, there were serious disappointments in the market volume after the market continued to decline in February and could not find the strength to recover.. While the price of Bitcoin was decreasing by tens of dollars during the day on these dates, it was making a preliminary preparation for the dates when it suddenly started to decline by thousands of dollars.
In February, the worst starting point of the year, Bitcoin caused all cryptocurrencies to fall seriously.. After the market volume figures, which reversed the expectations and caused the developments to be different instead of positive, increased to 870 billion dollars, it began to decline as of January without seeing the value of 1 trillion, and experienced one of its biggest declines in February.
1 trillion. It would not have been like this if he had seen the dollar
It was estimated that if the cryptocurrency market volume of 1 trillion dollars was seen, there would be no crypto money losses experienced today, thanks to the sudden jump (entering) of institutional investors to the market.. The comments that the market lost confidence due to the fact that it was under 1 trillion dollars and that institutional investors were hesitant to enter were also frequently spoken during this time.. Investors thought that there would always be interest in an investment vehicle that competes with Apple’s value about 1 trillion, and that an investment that could earn even more than Apple shares (within a certain time) would never be preferred.
1 trillion. As time will determine whether its value will have a chance to be seen again in the future, whether it will peak or not and how effective Bitcoin and cryptocurrencies will be if it reaches 1 trillion market cap may be a separate topic of discussion.
November was full of nightmares. !
Bitcoin had a nightmare month in November.. It is the 4th place where the price has decreased the most and the market volume has decreased the most in the last 3 months.. In the quarter, it caused the influence of cryptocurrencies to diminish and faced pressure from investors.
In this period, it was claimed that crypto currency exchanges also had an effect on the decline of cryptocurrencies.
2018 was a year full of uncertainties. One of the first reasons for this to happen is because the buying and selling demands in the crypto money markets constantly change direction and constantly go up and down for different reasons.
Although Bitcoin had bad days in 2018, it was It is an unknown whether bad days and months will not continue or whether the same situation will occur in 2019.