'Bitcoin does not die and will return stronger'

 For the first time since November 2017, Bitcoin dropped below $ 7,000. However, pre-encoded believers still place great trust in the market potential. 

With the bitcoin value dropping below $ 7,000 per BTC unit, 64% less the hottest development of the currency, many wondered if this was the end of the code. goods in general, or in particular Bitcoin also has a chance to return to the heyday of yourself?

Twitter-based and Reddit-coded communities have recently rattled off the damage. Thousands of dollars of investment have evaporated within a few days. Hundreds of billions of dollars blinked out of the market.

Despite the concerns of many players, the experts in the market have their own views. Most of them have a long-term view on the resilience of Bitcoin.

 Bitcoin has fallen by more than 64% compared to the hottest development period. Photo: Coinmarketcap.

Retaining Bitcoin instead of sold-out requires a lot of patience and determination. Despite the long history of Bitcoin, many of the retaining team pointed to the events that have had a heavy impact on the single currency on the market, thus confirming the resurgence of Bitcoin. sure.

Anthony Pompliano is such a person. The former Facebook employee has put up $ 25 million in fundraising for Full Tilt Capital, the North Carolina-based startup fund.

Pomplano said that his company is in the midst of investing in infrastructure and technology. He said the fluctuations during this time were only part of Bitcoin's development cycle, and confidently predicted Bitcoin would reach $ 50,000 by 2018. 

 Investors in coding still have a strong belief in Bitcoin in particular and cryptography in general.

"I do not know what this (Bitcoin price drops) will take four hours, a day or how long." But if you ask most investors, what is the most special aspect of Bitcoin? Something almost killed it, Bitcoin will not die but also come back stronger, "he said.

According to Pompliano, part of the recent volatility is due to the Dow's drop of 1,700 points in just two days. Bitcoin, in his view, is traded globally and is very vulnerable to information when a company or country decides to support or prohibit it. This means that growth cycles or declines are much faster in the pre-coding world.

"This particular factor of time makes it difficult for small investors, so I always advise my relative, when deciding to buy a certain number, keep it and forget it. Do not try to buy and sell again in a short time, with unstable assets like crypto if you have no experience, "he said. 

 Technologies developed from pre-coding can solve social problems.

Uphold sales manager Robin O'Connell was less optimistic, but said Bitcoin, as well as the currency markets, would not easily die.

Some critics of Bitcoin argue that the currency is completely undefended. Reflecting on this view, O'Connell believes that issues that Bitcoin can address, such as international transfers, or blockchain-based contracts, have proven its worth. .

"My belief in the market does not come from how many people believe that the number of dollars will continue to rise, but that the developed technology will solve the problems left in society. "O'Connell said.

However, many other experts are concerned about the limitations of Bitcoin. "Money coding is the perfect vehicle for fraudsters," said Kevin Wearbach, a professor at the University of Pennsylvania.

Recently, the $ 3 billion BitConnect stock market closed or in January, another big trading platform, Big Coin, was forced to shut down.

The governments of some countries expressed concern over the development beyond the control of the new technology. Some countries have made the decision to prohibit the provision of coding money into universal transactions to prevent these risks.