This did not last long: the price of The Cryptocurrency Bitcoin has fallen back on Monday to 3.23 percent on 9814 US-Dollar - only hours after the first Skip of the 10,000-Dollar mark since September. In the five days before that, but Bitcoin has only grown in value – such a winning streak, there have been recently five months ago, noted the crypto portal "Coindesk".

Generally speaking, Bitcoin has made in the past few weeks, a considerable Plus. The rate quoted at the beginning of January at just 7174 dollars, and has since risen to 36.7 per cent. In January alone, the increase was the stock-market portal, "CNBC", according to 29 per cent – the best monthly result since 2013. Bitcoin / US Dollar (BTC/USD) 9.821,2300 USD +23,7100 (+0,24%) Bitstamp Currencies

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the course of the outbreak of the novel Coronavirus in China. The epidemic has weighed significantly on the stock markets, why investors fled into safe-haven asset classes. Also, the digital currency that is compared because of their limited quantity, often with the precious metal Gold benefited, according to the "CNBC". Devisen100 is the ideal consultancy service, if you want to make the first steps on the Forex. (Partner quote) here is an exclusive 30-day free trial!

The reward will be cut in half

in February, a second support factor is joined, however, the upcoming "Halving". The amount of Bitcoin that is generated by the "Pits" (the so-called Mining) of the crypto-currency is cut in half. When Mining the transactions in the network to be verified in the Blockchain – the core of the Whole – recorded. New blocks in this chain, for the provided computing power, then there's Bitcoin.

Currently, the Miner will receive a 12.5 Bitcoin for every new Block that is generated by the network is accepted. Sometime in the week starting the 18th. May this reward is likely to be halved to 6.25 Bitcoin, estimates of the Broker IG. An exact date cannot be set, because the "Halving" is done every 210,000 blocks and can not be said when exactly this number of blocks generated will be.

The purpose behind the "Halving" is simply the limitation of the offer, which is already on a total of 21 million Bitcoin will be limited. Currently, 18.2 million digital coins are in circulation, such as data of the "Coinmarketcap" show. What is clear is that After the halving of the Mining reward to a lower supply of a potentially constant demand to preclude.

No positive effect at the last "Halving"

However, the "Halving" is a easy to predict, watching the event. The last of the "Halving" in July 2016 had values therefore, no positive effect. On the contrary, Although the price rose before the halving, between end-may and mid-June to 75 percent in the top of 770 US dollars, stumbled back, then to the "Halving" but on a level of 580 dollars. After all, the price subsequently moved up to the end of the year 2016 to $ 960, and broke through shortly afterwards, for the first time the mark of 1000 dollars.

Some market experts, speak of an unimportant "non-event" for the price of the digital currency. For the miners, in turn, would decrease the yield of the Mining, which is why this would possibly even Bitcoin sell to cover the cost of the necessary computing power – which could push the rate even.

nevertheless, the recent course of the crypto-currency is the same as some of the actors are optimistic. Willy Woo from the crypto-hedge Fund, Adaptive Capital is approximately described the recent jump over the mark of $ 10,000 as a "real deal". In his opinion, substantiate the actual transaction activity in the Bitcoin network and the price jump. Compared with "CNBC," said Jehan Chu of Kenetic Capital that Bitcoin is "ready for a burst of up to $ 15,000 up to mid-year". The largest market in the world trading. Expert tips for your Forex Trading (partner offer) To note the free expert tips on

volatility

Unthinkable, such an increase of well over 50 percent in the case of Bitcoin would certainly not. However, investors should remain in the high volatility of the crypto currency, always be aware of. Because after the impressive course of jumps, it can go just as fast downhill again.

The past year provides a good example of this: at the beginning of the year Bitcoin is only good for 3700 dollars worth lap but then until June to 12,900 Dollar high. After that, it went back down to a Low of 6600 dollars. Depending on the buying and selling point to investors 2019 have made a 248 percent increase. Or 49 percent.

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Date Of Update: 10 February 2020, 21:00