1 million traders lost their funds due to the collapse of bitcoin - Kakiforex.com - Financial Market Media No. 1 in the World 1 million traders lost their funds due to the collapse of bitcoin 1 million traders lost their funds due to the collapse of bitcoin

April 19, 2021

1 million traders lost their funds due to the collapse of bitcoin

 Well, at the time of writing this article, bitcoin continues to lose value. If we take into account not only today's drop in quotes (-$10,000) but also the fall of the previous days from the last maximum, then in total, "digital gold" has already lost $ 14 000 (if we count to today's minimum). Thus, at the moment, the "cue ball" was cheaper by $ 14,000, which is approximately 20% of its maximum value. Minus 20% in a couple of days because in one of the provinces of China there were several accidents at coal mines, which caused power outages. According to the largest cryptocurrency exchanges, almost $ 10 billion worth of transactions has been liquidated in the last 24 hours. It is easy to guess what these transactions were. The largest forcibly closed transaction was $ 69 million. After today's collapse of the entire cryptocurrency market(which has not yet been completed), the bitcoin dominance index is 50.6%. Recall that a week ago, this figure was 54%. This suggests that bitcoin is losing its appeal in the eyes of investors, and other cryptocurrencies are gaining it. This is exactly what we talked about earlier. Bitcoin has become too expensive and few people want to buy it. Especially against the background of the development of other cryptocurrencies.

Meanwhile, the head of the Binance cryptocurrency exchange, Changpeng Zhao, said at the conference that the cryptocurrency industry needs state regulation. "If I were a regulator, I would move the rules from the world of finance to the cryptocurrency sphere," he said. Zhao also said that the crypto community needs protection and, in his opinion, it can only be provided by regulation at the level of legislation and the state.

At the same time, it is the states that can not only protect the crypto community but also bury it. At least, the Turkish authorities are also blamed for today's drop in bitcoin quotes, which have decided to completely ban the ability to pay for goods and services with cryptocurrencies on their territory. Some experts are afraid that if other countries follow the example of Turkey, it may negatively affect the rate of the number one cryptocurrency. The problem is that, as we said earlier, it is not profitable for almost any state to have such a cryptocurrency on its territory, the turnover of which can not be tracked. Accordingly, there is no doubt that most countries in the world will struggle with cryptocurrencies. Some with taxes, some with prohibitions, some with strict regulation.

Well, while bitcoin is "aiming" for a new collapse, experts have estimated that the estimated fortune of the alleged creator of bitcoin, Satoshi Nakamoto, may be more than $ 50 billion, even taking into account the latest drop in the exchange rate of the "cue ball". According to various sources, the mysterious Nakamoto my own from 750 thousand to 1.1 million bitcoin coins, which at the current exchange rate are estimated at more than 50 billion dollars. Thus, the unknown Mr. Nakamoto can now be included in the list of the 20 richest people on the planet. And this is still without taking into account the coins Bitcoin Cash, Bitcoin SV, and Bitcoin Gold, which were formed as a result of forks.