REASON BEHIND BITCOIN VALUE!

in #bitcoin8 years ago (edited)

HELLO GUYS!

One of the biggest subjects is the drop on the value of Bitcoin. I'll try give you more information about the subject. Here it goes! :D


In the last five days, bitcoin lost 25% of its value! After Bitcoin reached the $20.000,00 on 17-12-2017 (Sunday), Bitcoin start drop their value, and now (14:55:51 UTC) their value is about $11.858,30, according to CoinMarketCap portal.

bitcoin-1056983-1600x900.jpg
source

WHY THIS HAPPENED?

The high devaluation of Bitcoin was caused by earnings, and the value of virtual currrency could reach $13,000, according Josh Olszewich (Brave New Coin). This should be a normal correction.

One of the reason that let Bitcoin drop so much was the fact that Emil Oldenburg stated that bitcoin has no prospect as a commercial currency and has sold all its bitcoins, choosing for bitcoin cash! Additionally, Emil Oldenburg sell every Bitcoin!

HOPE YOU ENJOY IT!
@criptomaster