I just read on Btcjam blog that they are closing down:
https://blog.btcjam.com/2017/05/25/btcjam-is-closing/, now I am just wondering if big players in thebitcoin industry are closing down, is there any future for bitcoin really.
I came to know about bitcoin through btcjam when i was introduced there to borrow. Eve in this forum, looks most signature campaigns might close down because of the ever rising price of bitcoin. Most of them have reduced their payout amounts for posting by more than 50%. Is this a good sign or a bad sign for the bitcoin development?
You can see that the market has been on the downward trend for the past three months and the price of bitcoin has steadily dropped from $ 19800 to $ 7000 at the moment. So I am very worried about the future of bitcoin, it can be seen that the total market capitalization is decreasing from 800 billion dollars to 300 billion poured at the moment, the market has evaporated 500 billion. I am really worried when big investors are gradually withdrawing from the market.