Once Again Bitcoin Falls..! This Time it was Gone Down to $10000

Discussion in 'Crypto Forum' started by Layla, Jan 31, 2018.

  1. Layla

    Layla New Member

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    It has been a Sad month for Bitcoin. This month, its price has fallen from a high of $17,159 to a low of $9218. As of this writing, bitcoin is currently trading at $9818.

    Bitcoin has faced multiple problems this month with South Korea being the biggest one as the nation started a crackdown on exchanges.

    Another problem was the eventual realization that bitcoin was ‘probably’ not a better alternative to fiat currency. As you know, bitcoin was invented to create a decentralized mode of payment, free from any regulatory authority. Bitcoin has however become inefficient in terms of speed and costs of transactions. A new report by CNBC found that bitcoin’s popularity was waning among crooks who are now shifting to other currencies like Litecoin and ethereum.

    The problems keeps on coming. Last week, Weiss Ratings released its first ratings on cryptocurrencies. Bitcoin received a weak C rating, below Ethereum, which received a B.

    Yesterday, Facebook announced that it would stop accepting adverts from all bitcoin-related companies, ICOs, and promotions. To many people in the cryptocurrencies space, this is major news because they use Facebook to reach to millions of users.
     
  2. Mark22

    Mark22 Member

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    bitcoin during 2020 fluctuated and grew 62%, trading at $ s8512 (after giving up 10% over the weekend). that was about on May 11
     

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