With Bitcoin losing 50 percent of its value in just under a month, companies that ran the wave on the up now feel the dreadful decline in terms of loss Companies like Overstock, some of whose fortunes are locked in digital currency, as well as Square Payments, which announced plans to buy and sell Bitcoin, have been

Take a Stroke

While the figures followed by these companies that support Bitcoin are nothing compared to the actual losses suffered by cryptocurrencies, they are directly correlated.

Square showed a loss of five percent or $ 90 million this week that the company that's headed by Twitter CEO Jack Dorsey ended with $ 15.1 billion worth

Overstock, a longtime supporter of Bitcoin dating back to 2014, fel l 11 percent ending with a $ 1.8 billion worth through the loss of about $ 200 million.

This latest decline in the crypto market was attributed to the uncertainty emanating from Korea with its cryptocurrency bank. . This pressure exerted by the regulators also adds fear to cryptocurrencies in large companies.

Renaming Regrets

There are also cases where companies that have tried to jump on the Bitcoin and Blockchain train have found that the cart is currently in the store for repairs.

A number of companies have changed their focus, tact or just their name, to take advantage of the hype and craze around cryptocurrencies. However, the other side, ugly, of this ecosystem is the violent volatility that must be isolated.

Kodak, perhaps best known for his cameras, has dropped eight percent. The company announced plans to offer cryptocurrency known as KodakCoin at the end of the month, initially issuing shares up 60% on the day of the announcement.

Shares of Riot Blockchain, a biotech company christened Bioptix, shed 17 percent on Tuesday even shares of Long Blockchain, once Long Island Iced Tea, paid two percent.

Lessons to be Learned

While the future, as it still is, is uncertain for the crypto-ecosystem, there are lessons to be learned in this last "death" of Bitcoin Bitcoin has been dead and buried countless times as its volatile nature is too much for some to take, sending them away.

However, he showed a stronger and stronger resistance and the ability to bounce back over the years and accidents. Something that companies that face unprecedented lows will have to be aware of.

Bitcoin believer Max Keizer explains these movements in a graph he tweeted: