:::::::::: 글로벌번역통역센터 ::::::::::
 
 
 



 
 
> 고객지원센터 > News & Notice
ADMIN 2018. 05. 28.  
LIST  MODIFY  DELETE  WRITE  REPLY 
   제목: The Bitcoin Fad Is Fading뾣or Now


The Bitcoin Fad Is Fading뾣or Now

By Olga Kharif


March 15, 2018


Google searches and tweets about bitcoin decline sharply


The number of stories proclaiming death of bitcoin rises


It might be hard to believe. But after the 1,400 percent rally of 2017, with wild swings along the way, the great crypto craze has cooled, at least for now. For the past month, Bitcoin뭩 price has stalled between $8,500 and $11,300 -- a minuscule range by its standards. And internet searches for 밄itcoin have plunged, suggesting public interest has, too.



밫he general public is now realizing that this is not a risk-free, get-rich-quick, investment opportunity and general interest has since diminished, said Lucas Nuzzi, a senior analyst at Digital Asset Research.



The 2018 lull shows just how quickly investment fads can come and go. Gone for now are the days when Bitcoin dominated talk at holiday tables. Stories lately look a lot like the ones in the back sections of financial papers -- dry accounts of regulatory scrutiny, market structure and legal wrangling.



Online searches for 밷itcoin fell 82 percent from December highs, according to Google Trends. Tweets that mention the coin peaked Dec. 7, at 155,600, and are now down to about 63,000, BitInfoCharts says. And the number of bitcoin transactions is off 60 percent from its record on Dec. 13, according to Blockchain.info.

December brought 밄itcoin Craze Propels Coinbase App to No. 1 in Apple뭩 Store. Now there뭩 밄itcoin뭩 Wildest Days Are Over as Regulators Circle. Indeed, Bitcoin뭩 been in the news for all the wrong reasons lately.

Its price slumped Wednesday after Google said it would prohibit cryptocurrency ads, following Facebook뭩 move from January. Major banks including JPMorgan and Bank of America banned crypto purchases on their credit cards, the Securities and Exchange Commission has stepped up cryptocurrency oversight and Congress is holding hearings on how to treat the digital coins. Earlier this month, Allianz Global Investors argued the the coin뭩 밿ntrinsic value must be zero.

밫he story with Bitcoin is pretty straightforward, said Roger Kay, president of research firm Endpoint Technologies Associates Inc. 밒t went up fast, and then came down even faster. Consumers who flocked to it late got burned. They are in the shadows now, licking their wounds. And others contemplating how to get rich quick are acutely aware that what goes up can come down, and maybe Bitcoin isn뭪 the way to go about it.




Of course, Bitcoin뭩 obituary has been written countless times in its nine-year existence. In fact, 111 such stories appeared last year when it was on a tear, according to 99bitcoins.com. Almost forty have been written so far in 2018, on track to top that level.




Still, just Wednesday, people familiar with the matter said hedge fund billionaire Alan Howard made sizable personal investments in cryptocurrencies last year. And even Allianz doesn뭪 think Bitcoin is done for, not as long as the number of speculators and crypto true believers remains high. Coinbase says it still has more than 20 million customers, though it뭩 not clear how many have been active recently.

And this isn뭪 Bitcoin뭩 first slump. It뭩 had at least three declines of 70 percent or more since 2010 only to come back with a vengeance and reach higher highs.

For now, though, boring might be the new normal as the decline in public interest could leave Bitcoin in what for it could be considered a tight range. Remember, after a rally boosted its price 84-fold in 2013, it tumbled back down in the next week and held there until lifting off again in 2017.

Selected articles from Bloomberg
LIST  MODIFY  DELETE  WRITE  REPLY 





전체글 목록 2018. 05. 28.  전체글: 667  방문수: 2022412
 공지  정규직,계약직,프리랜서직 모집 
667   Rohatyn criticized for exploiting BHC franchisees
666   Uber shutting down self-driving operations in Arizona
665   China Considers Ending Birth Limits as Soon as This Year
664   Hedge Fund Returns Rose in April for First Gain Since January
663   Tycoon Gupta to Target Australia in Financial Services Expansion
662   Xerox Scraps $6.1 Billion Fujifilm Deal in Victory for Icahn
661   What Happened in the World Economy This Week and What It Means
660   Walmart's Biggest Deal Ever, Announced by SoftBank뭩 CEO
659   Australia Plots Early Return to Surplus by Defying Global Forces
658   Apple Earnings Show Growing Immunity to Smartphone Malaise
657   OPEC Cuts May Go Even Deeper as Another Member Sees Output Slump
656   American Brands at War With Alibaba Over Visibility, AP Reports
655   Lunar Space Station Is Almost Here
654   Philippine Stock Woes Mount as 2018 Losses Pass $20 Billion Mark
653   Malaysia's Managed Election Obscures Growing Schisms
652   Nazi-Looted Art Ordered Returned to Holocaust Victim's Heirs
651   China Vows to Fight Trump Tariffs 몋o the End as Tension Rises
650   Anti-China Tilt in Australia Is Shortsighted
649   China's Financial Opening Isn't Quite What It Seems
648   Asian Stocks Show Resilience After U.S. Tech Slump: Markets Wrap
647   Samsung sets up design innovation center
646   Nissan and Renault in Talks to Merge, Create a New Company
645   Bolton accuses North of buying time with talks
644   Genesis' first concept EV to make debut in New York
643   McDonald…s announces major environmental goals for 2030, sending a signal to the restaurant industr
642   How the Facebook-Cambridge Analytica Saga Unfolded
641   Making Sense of the World's Cryptocurrency Rules
640   Metal Tycoon to Leapfrog Elon Musk With World's Biggest Battery
639   The Bitcoin Fad Is Fading뾣or Now
638   At $232 Billion, World's 3rd-Largest Oil Major Looks Cheap
RELOAD VIEW DEL WRITE
1 [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] 23