Bitcoin and its Volatility
The most popular cryptocurrency market closed 2017 to be more accurate (12/16/17) at a price of 19,428.25 dollars per unit, according to the El Economista platform and its highest point -until the moment- it succeeded last week (7/8/18) reaching $ 6,764.20.
Thus having a decrease of a percentage of 287.22% from 12/16/2017 to 07/14/2018, which is equivalent to a period of 7 months.
But instead.
In a concrete example, if a person invested $ 1,000 in bitcoins at the close of 2016, on December 16, 2017 he already had $ 19,428.25 in his account. it can be translated to a percentage of the Performance of 1,942.82%.
If the investment had been more aggressive $ 15,000 as of December 16, 2017 it would have reached $ 291,423 or close to $ 6,991,237.77 from Lempiras, with an average exchange rate of that day.
Unfortunately, it can not be all perfect in cryptocurrency investments.
After reaching the top - December 16 - the price of bitcoin plummeted to 17,371.08 in a matter of hours, after a few months the price of bitcoin fell and came to quote at $ 6,764.20 per unit.
Taking as an example an aggressive investment, if someone had invested $ 15,000 in bitcoins, when it reached its historical maximum, his portfolio came to present a disability of up to $ 2,057.17 (around 49,351 Lps) in less than 24 hours.
"Whoever invests in this asset class must be aware that it can suffer considerable losses," explained Juan Carlos Minero, investment director at Black Wallstreet Capital.
But the volatility is again present in the cryptocurrency. This Saturday, bitcoin is trading at $ 6,268.57, just 287.22% below its historic high.
From the fundamentals, José Rodríguez, expert in bitcoin and cryptocurrencies of Top Money Report, "has been emphatic that the most important cryptocurrency could follow a long-term bullish rally".
A boost could come when on December 18, financial firms CME Group, CBOE and Cantor Fitzgerald submit a list of financial products to offer exposure to cryptocurrencies.
In the case of CME Group, bitcoin futures will be based on their own indicator known as CME CF Bitcoin Reference Rate (BRR) and will be calculated in relation to the US dollar according to information from the portal criptonoticias.com
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