Sebastian Hell: Bitcoin: despite many warnings with a record price over 3,200 US dollars

Dear Readers,

A few weeks ago, we had already dealt more closely with the subject of cryptosciences - more precisely, the countercomposition and competition of the digital foreign exchange Bitcoin and Ethereum. Both currencies continue to arouse appetite among investors. And the market, dear readers, is quite right to this interest on the investors' side. Especially in the current situation with the Bitcoin model. Although cryptowry is used outside the virtual world only in real exceptional cases, for example when it comes to paying in the café or in the retail sector, demand is increasing.

In addition to the simple payment process in online shops and portals, the reason for this is the anonymous processing of the transactions. And this is also the occasion for warnings on the part of called critics and state institutions.

New offshoot opens new debates on the prospects

The deposit format "Bitcoin Cash" was recently created. The industry's promises are impressive. In direct comparison to the forerun Bitcoin, users of the currency in the future even faster pay and receive money. In the case of rapid money transfer, such prospects are generally open to potential users. The fact that Bitcoin Cash was created is explained by experts, that users with the "normal" bitcoin because of the increasing volume of trade on the WWW increasingly with problems in terms of execution speed had.

Bitcoin Cash allows much faster payment traffic

The echo in the community was great; Here and there the classic blockchain technology is used. The big difference is that the underlying blocks with the eight-megabyte cash model are eight times as big as the classic payment offer. Accordingly, significantly more transactions per block can be executed in parallel. In well under 24 hours (a very common payment interval with Bitcoin payments), transactions are to be processed in the future.

Risks of the currency should not be underestimated

It is not the first currency split from the original model. Bitcoin itself did not hurt the latest news, as a glance at the courses since the end of July 2017 shows. Of course the interest in cryptosciences has been growing steadily for years, but the high altitude flight of the Bitcoin continues to look the same. The said currency Ethereum can be measured as one of the few virtual currencies with the bitcoin. The often lacking regulation in this area, however, prevents clear trends and regularly ensures more or less pronounced price fluctuations. The current cryptic threats are also vulnerable to attack by hackers, which is still not widely known to many investors. On the sometimes enormous profit margins, which can secure risky investors,

New record high of more than 3,200 USD provided for fans of high spirits

After the currency lastly in mid-June 2017 the mark of 3,000 US dollar can be left ascending, the current boom has really in itself. Meanwhile, the price climbed to significantly more than 3,200 USD per bitcoin. This is an absolute all-time high! The fact that the price later experienced a correction of almost USD 100 does not alter the turmoil, or encourages many analysts to argue that in principle everything can happen in cryptography. Most recent data indicate that current Bitcoin market capitalization is over US $ 52 billion. A more than impressive value for a currency, which some skeptics for a long time predicted a burglary.

Now even more - Kursboom after many criticism

This latest development is particularly exciting, because the star among the cryptic diseases was temporarily disregarded. On account of this, the currency seems to be defiant. The market capitalization itself is, by the way, also a record value, as never before has it reached a value of more than USD 50 billion, as a glance at the bitcoin price index (BPI) illustrates. But the split in Bitcoin and Bitcoin Cash could cause difficulties and wonder at the investors. In the case of inexperienced prospects, uncertainties could arise, which in turn could lead to a more or less large sales wave and cause the course to break in.

Once again, it is clear that cryptic stimuli are not a hot iron solely due to lack of regulation. The fact that no stock market, but a computer program for the security of the value guarantees, makes some investors in certain certainly distrustful.

International financial oversights have an eye on the currency

And this is not the only dilemma around the bitcoin. Recently, for example, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) has once again been critical. More specifically, there was talked against a Spanish Bitcoin platform a so-called "disposition to the business", which at least German Bitcoin fans should have caused attention. The starting point in this case was not a critique of the currency in the proper sense, but the fact that the responsible company Cryp Trade Capital Ltd. Does not meet the requirements set by BaFin for financial commission transactions as part of banking business on the German market.

The prohibition accordingly applies, of course, only to the German business of the operator from Spain. On the whole, however, the currency is under international supervision from a governmental point of view.

No one can reliably see in the future of Bitcoin

More relevant in this context are therefore the assessments of different industry connoisseurs, some of which warn of an impending bitcoin bubble. Even the concept of a fast ball system is increasingly emerging in reports on the currency Bitcoin. Wherever the journey will go with cyber money, the scholars are once again anything but unanimous. Fashion or serious currency with a long-term perspective? It remains an exciting experiment with risks and opportunities ...