Bitcoin price forecast 2017 december
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To help personalise content, tailor your experience and help us improve our services, Betfair uses cookies. By navigating our site, you agree to allow us to use cookies, in accordance with our Cookie Policy and Privacy Policy. South Korea suffers a hack, German confidence is higher than ever, and what exactly is Bitcoin's problem? The Tradefair team brings you the latest on cryptocurrency as investors try to find their feet in digital currencies. The cryptocurrency market continues to thrill, perplex and baffle investors around the world as they try to gauge how far they want to delve into this relatively unventured new asset.
But many traders remain unconvinced about the long-term legitimacy of digital currencies, especially with its volatile value. That left the cryptocurrency at its lowest value for more than two months and sparked a broader sell-off of digital currencies.
This latest hack will serve to shake confidence in a market that is already precarious but for digital currency asset holders this appears to be at least part of the appeal. There are a number of issues preventing Bitcoin from having sustained success, according to a Forbes report. These include the prevalence of hackings like the recent South Korea attack, regulatory crackdowns , and a falling number of transactions.
These are all shaking investor confidence and preventing any meaningful movement in asset value. The article also touches on how cryptocurrencies as a whole are still dividing opinion, leaving many traders with too much risk about the long-term value of digital currencies like Bitcoin.
This has resulted in a confusing climate for investors and a shaky for Bitcoin so far. CCN reports figures from German bank Postbank that one in three Germans consider cryptocurrency to be an attractive investment opportunity. Results from the Postbank Digital Study showed that it is particularly popular among younger people, with half of all 18 to year-olds interested in this type of investment. Dr Thomas Mangel , Postbank Chief Digital Officer, said that young people shouldn't focus entirely on cryptocurrencies for their investments as it was "highly speculative".
The study also highlighted the attractive factors of cryptocurrency for the more than 3, Germans surveyed. These included independence from established financial systems, anonymity, and its uniqueness.
OK, I get it. What is the problem with Bitcoin and why are Germans so confident? All the latest in cryptocurrency. Join today View market. Here are some of the latest stories changing the landscape in crypto trading: An explanation for Bitcoin's poor performance There are a number of issues preventing Bitcoin from having sustained success, according to a Forbes report.
Third of Germans positive about cryptocurrency CCN reports figures from German bank Postbank that one in three Germans consider cryptocurrency to be an attractive investment opportunity. Tradefair 11 June Discover the latest articles Cryptocurrency Latest: Wall Street trading and a bitcoin bounce Cryptocurrency Latest: The Gender Gap, Goldman Sachs approval and another probe.
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