Now, just weeks after the price
per coin fell below $ 1000 on hard fork fears, the question on everyone's lips has become whether
Not exact matches
This past
fall, Bitcoin, the most renouned cryptocurrency, gifted a large run on the cost — doubling in value within a two week camber and eventually reaching an all - time high of $ 19,205
per silver before descending neatly (just last February, Bitcoin traded at $ 902
per coin).
The
coin, which started 2017 at around $ 10, has since
fallen back below $ 1,000 and was trading up roughly 2.74 % in the last 24 hours, at $ 974
per token.
As discussed by Bill Gates one of the biggest inherent drawbacks of Bitcoin is its volatility and according to Buffett's prediction expressed in the same Yahoo! Finance article, Bitcoin lost more than 80 % of its value,
falling from more than $ 1,000
per coin in December 2013 to about $ 200 in January 2015.
The value of funds raised globally by digital
coin offerings in January and February
fell 43
per cent to US$ 726 million compared with November and December when bitcoin, the best known cryptocurrency, hit an all - time high just below US$ 20,000, according to data from research firm Novum Insights.
Zclassic flatlined throughout most of 2017,
falling to under $ 2
per coin, while zcash stayed in the hundreds.
While the digital currency had a heyday in late 2013 with its price spiking to over $ 50
per coin and over $ 1 billion in total market cap, it quickly
fell back to earth and basically remained flat for three years.
Not sure the
coin has «the long - term vision of some of the other privacy
coins,» Schebesta estimates it to
fall to $ 0.0001
per XVG by December 31, 2018.
At the time of writing, Bitcoin has lost 30 % of its value,
falling from $ 16,519
per coin to $ 11,427.24, according to the digital currency exchange Coinbase's website.
Bitcoin has slumped more than 11 % in the last 24 hours,
falling below $ 10,000
per coin for the second time in less than two weeks as reports of cryptocurrency exchanges Bitfinex and Tether beeing subpoenaed dragged down prices.
Second burst was in December 2013, when the price
fell from $ 1,242 to $ 600
per coin.
For ethereum, this could spell bad news; on Wednesday it had passed $ 1,300
per coin, but has since
fallen to $ 1,240 on the news of the possible ROK ban on trading.
Of course, that isn't to say that the volatility has been particularly damaging to the Bitcoin price as
coins have topped all - time highs this year, peaking over $ 3,000
per unit before
falling back down to $ 2,232.78 for the moment.
In the last 12 hours the token
fell in price about 15 %, down from more than $ 230 to just above $ 196
per coin.
NEM value dropped around 9 % to rest at $ 0.85
per coin and XRP
fell by roughly 8 %.