Cryptocurrency News ｜ Bitcoin 2018 Market Outlook [Oohira]

Mr./Ms. Ohira's Profile

FX history since 2009, cryptocurrency history since 2015. Utilizing experience in cryptocurrency investment, and past experiences, delivering cryptocurrency information on major newsletter sites and investment sites. Participating in numerous individual investor networks, expanding knowledge gained from many investors. Running a cryptocurrency investment information site for beginners since 2016.

Blog:The Future Potential of Cryptocurrency – Ways to Invest and Earn for Beginners

*This article is a reprint and revision of an article from FX Coaching.com October 2018 issue. Please note that the market information described in the main text does not reflect the current market.

Chart ① shows Bitcoin's price from July 2017 to July 2018. Looking back at Bitcoin's price since last year, it fell about 65% from around 2 million yen at the end of 2017 to about 650,000 yen by July 2018, but over a one-year span rose from about 200,000 yen to about 700,000 yen, roughly a 3.5x increase. On the other hand, Chart ② shows Nasdaq prices during the dot-com bubble era (around 2000).

The cryptocurrency market is said to be very similar to the dot-com bubble, where during the bubble prices rose to about $4,500 and then fell to about $1,500. The decline rate was 66%, and compared with Bitcoin, a decline from about 2 million yen by 66% would bring it to around 700,000 yen, closely matching the price in July 2018.

During the dot-com bubble, the decline lasted about three years, but Bitcoin has fallen faster, in about half a year, compared to the dot-com bubble’s pace.