The collapse of the digital money market 2018-2019!

The price of Bitcoin has fallen significantly over the past six months. In December 2017, the Bitcoin exchange rate exceeded the psychological mark of $20,000; today, the coin's price has fallen below $7,000.

Following Bitcoin, other promising tokens continue to plummet.

For example, Ripple (XRP), according to analysts' forecasts, was expected to cost around $10 by September 2018, but today its market value barely exceeds $0.30.
 
There are several reasonable explanations for these events:

1. The governments of the world's largest countries plan to fully seize control of this segment of the currency market in 2019, which will allow them to tax users' income.

For example, in Russia, tax revenues account for more than 65% of the state budget. Can you imagine what would happen if this cash flow dried up?

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After all, every year in the Russian Federation, more and more people are leaving their main jobs for online activities.

2. In January 2018, three countries crucial to cryptocurrency had a negative impact on cryptocurrency.

2. The US legislature plans to take digital currency investments under its control. In January, a series of hearings were held to gather information about the cryptocurrency market.

In 2018, the US government seriously intends to pass a bill aimed at 100% regulation of cryptocurrency within the country.

4. In 2018, China banned cryptocurrency mining ; as is known, the Middle Kingdom accounts for up to 80% of the world's mining capacity. This led to a sharp decline in the value of tokens.
 
5. South Korea accounts for approximately 25% of all cryptocurrency transactions. In 2018, the country's authorities announced their intention to remove Bitcoin from trading on South Korean exchanges.

This announcement led to a prolonged decline in the price of all promising tokens. If such plans are implemented, only a few people will be able to buy Bitcoin.

This will lead to a significant price drop to attract demand.

Is only one cryptocurrency promising in 2019?

In 2018, the top 100 cryptocurrencies lost up to 70% of their value. Against this backdrop, only one cryptocurrency continues to show steady growth, up 50% from January of this year.

This is DigixDAO. This token differs from its peers in that its value is tied to the price of gold. It is a fully-fledged, new financial unit backed by a physical asset. DigixDAO can be seriously considered for long-term investment.

Also worth noting is the intensive promotion of Bitbon assets, whose specific features could take the cryptocurrency market to a new level in 2019!

Moreover, a downward trend in cryptocurrencies is not a reason to completely abandon trading them, as you can always play on the downside by entering into sell trades.