Post
Topic
Board Economics
Re: why bitcoin price fall down?
by
yanimkurniawan
on 20/12/2018, 01:37:46 UTC

Bitcoin, even though it is the first currency on the market, is a rare asset that actually does not have an official development team. That means that there are no pending updates, revisions, or changes made regarding some obvious shortcomings that the BTC network seems to have. The frequent decline in the market seems to kill the general buzz that most crypto fans have at the end of 2017 before. This is most likely because many cryptocurrency has dropped significantly since December 2017 and January 2018, including Bitcoin that has lost more than -66% of the total value in the market since mid-December 2018. Previously the highest trading at any time was around $ 18,000 per one BTC, there is a strong possibility that Bitcoin will grow further in the following months. In the case of last year's hype around the New Year's repetition, which may be more likely, Bitcoin can at least break the value of $ 7,000 temporarily towards $ 8,000 based on current trends and 2017 mass surges, in that way taking at least part of the lost value. What might be the biggest concern about BTC is the fact that there are no regular network updates, while disguising it as a blockchain-based tool that is rather expensive for the monetary value of trade. However, the potential to increase Bitcoin is still a strong possibility in 2019, because it is still one of the top investments in the blockchain space. What might be the biggest concern about BTC is the fact that there are no regular network updates, while disguising it as a blockchain-based tool that is rather expensive for the monetary value of trade. However, the potential to increase Bitcoin is still a strong possibility in 2019, because it is still one of the top investments in the blockchain space. What might be the biggest concern about BTC is the fact that there are no regular network updates, while disguising it as a blockchain-based tool that is rather expensive for the monetary value of trade. However, the potential to increase Bitcoin is still a strong possibility in 2019, because it is still one of the top investments in the blockchain space.