What need to be increased by bitcoin is the stable bitcoin price is affected by the volatility of ethhereum that is more attractive to traders.

Bitcoin has dropped to a point in the unfavorable to produce, according to some estimates.

"Bitcoin is currently being traded on a break-even fee for bitcoin mining, at $ 8,038 based on the mining model developed by our team," Thomas Lee, Fundstrat said in a report on Thursday.

The Fundstrat model incorporates three factors, namely the cost of equipment, electricity and other overheads such as maintaining cooling facilities.

Cryptocurrency traded slightly lower, approaching $ 8,000 Thursday, according to the CoinDesk bitcoin price index, which tracks prices from four major global bourses. Earlier, bitcoin hit a low of $ 7,676.52, the lowest since Feb. 8, according to CoinDesk data.

Bitcoin is created through an energy-intensive "mining" process that uses high computational power to solve complex mathematical equations, proving that an anonymous miner uses an agreed-upon process of networking to build a blockchain transaction record. Then, miners get bitcoin as a reward for successfully completing the equation.

"In some cases, miners might just shut down the engine until the price goes back a bit," said Shone Anstey, co-founder and president of Blockchain Intelligence Group. "Keep in mind that some of them may lose money."

Currently, Bitcoin miners need specialized hardware whose price can reach several hundred to several thousand dollars, because it requires a lot of technology, and more efficient equipment.

In fact, the need to replace equipment accounts for more than half the cost of mining, according to the Fundstrat model, said Sam Doctor, head of quantitative data science. He assumes electricity costs of 6 cents per kilowatt hour and other costs to a break-even forecast of $ 8,038.

If I think the future predictions of bitcoin and a number of other digital currencies will one time replace the position of paper money as a medium of exchange. The reason, this currency can fix problems that exist in paper currency, and indeed in history, the same thing always happens in the new currency that replaces the old currency. For example, gold replaces barter systems as a means of transactions, and paper money replaces gold. Now, bitcoins and some other digital currencies will replace paper money as a means of transaction.

Bitcoin is a digital asset developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This digital asset is like gold, but only available in the digital world. The concept may sound like eGold, although it is actually much different.

Next Coinbase which I think is widely used is Coinbase. I think the security features are almost the same as Xapo but in Coinbase provides more features. In Coinbase not only Bitcoin can be accommodated, but also Ethereum and Litecoin. Users do not have to bother using lots of wallet to accommodate altcoin like this. But the lack of this wallet is not able to drag rupiah / wd to local banks, so you must use exchanger services.

The government announced a severe ban on the use of virtual currency (cryptocurrency) such as bitcoin as a means of transaction and payment in Indonesia. The Governor of Bank Indonesia Agus Martowardojo warned people not to trade or buy bitcoin, because no regulatory body supervises bitcoin, making it vulnerable to risk to the public.

yes because there's a big mafia playing, selling all the bitcoins they've earned from the bitcoin scam website they had made last year, and also the falling XPY price is now also the cause of the bitcoin down,
Many HYIP sites underwent bitcoin investments that led to a scam, and now it's time for scammers to sell bitcoin from their scam.

so, at the core of the above answer, bitcoin prices dropped due to the act of coin "a scam that promotes its homemade coin and to reap big profits and then run away.
Do not be interested in Invest Bitcoin's business on the internet now, it's better if we collect bitcoin by way of searching from faucet "and also capital that has accumulated in capital for trading, you can see collection of trading sites to be a choice of bitcoin trading.

so do not be afraid the bitcoin price goes down, while we're still using bitcoin, bitcoin will continue to be valuable, let the scammers sell out the bitcoin they have, and the bitcoin price will return to normal again.
If you are no longer following the bitcoin HYIP site, and do not get stuck in altcoin which leads to a scam that only takes profit on one side then it can be sure the bitcoin price will not decrease because there will be no more bitcoin scammer results

1.India
2.Vietnam
3.Nepal
4.Makedonia
5.Rusia

Bitcoin investments are one of many ways to find and collect bitcoins. But this way would require capital is the deposit that will be invested. The investment value that we input will become profit after we save for certain time. If you want to take one step to find this bitcoin, I highly recommend it. Because I've been involved in bitcoin investment business for a long time until now. The Benefits of Bitcoin Investing If we talk about profits in this business, I will give you an idea just to open your mind about "why should bitcoin investment".

Bitcoin's easy and profitable investment strategy Bitcoin is a lucrative investment asset, but not everyone knows how to make easy and profitable investments. One method of investment that matches the nature of Bitcoin is Dollar-Cost Averaging (DCA). By following the Dollar-Cost Averaging (DCA) investment method, investors can protect themselves from price fluctuations and loss risks. DCA itself is not a new strategy in the investment world. Various investors have used this investment strategy on various other assets.

The government announced a severe ban on the use of virtual currency (cryptocurrency) such as bitcoin as a means of transaction and payment in Indonesia. The Governor of Bank Indonesia Agus Martowardojo warned people not to trade or buy bitcoin, because no regulatory body supervises bitcoin, making it vulnerable to risk to the public.

Yes because Bitcoin can be juxtaposed with fraudulent MLM. The exchange rate bitcoin indeed continue to soar, but unfortunately the number is limited. There are only 21 million bitcoins to be contested by users around the world. Not to mention the bitcoin can only be obtained by deciphering complicated mathematical code that can not be done directly by humans.

For this reason, miners can easily sell bitcoins at high prices to those who are tempted by virtual investments. Moreover, many circulated stories about someone who managed to double the bitcoin that he bought several years ago.

In fact, India's Ministry of Finance calls bitcoin a ponzi scheme. This means a fake investment mode that promises to double profits.

Ponzi schemes often exist in cases of fraudulent MLM impersonation. The profit that investors get is actually the money of others who just invest, not the benefits of business or business management as promised.

This has a resemblance to the bitcoin investment chain. With a limited amount of bitcoins, each virtual money owner will resell it at a higher price. Meanwhile, the other buyer is a new player in the world of bitcoin investment that will also sell the money in the future.

There seems to be a cryptocurrency and blockchain project that has made many waves lately. Known as Ontology, this new high-performance public blockchain will be interesting enough to be watched. So far, the project is still in the early stages of development, but there will be some milestones to be achieved in the coming months. ONTOLOGICAL EXPLANATION When it comes to public blockchain, one of the more pressing issues of the moment is scaling. There is no public blockchain that can measure correctly to the corporate grade level in its current form. Ontology aims to address the problem by introducing a new high-performance blockchain that serves as a distributed trust collaboration platform.

Because Used illegal transactions Bitcoin transactions are difficult to trace. It is used by irresponsible parties for money laundering, drug sales, smuggling, and other illegal activities.

BlockChain is an integrated transaction logging technology with modern technology, which has a unique, immutable code that revolutionizes the workings of the Internet, banking and other things. The development of Blockchain and Bitcoin Technology in Indonesia has started rapidly since 2015.

Transaction bitcoin charges usually occur for free if the amount of Bitcoin shipped exceeds 0.01 BTC. Bitcoin in small quantities is given to miners as a reward for processing the transaction and putting it into blockchain. For now, most transactions are processed for free, but for deals that attract coins from multiple Bitcoin addresses so that it requires a larger portion of data, it will incur very small transaction fees.

Before we learn how to secure a bitcoin wallet, let's discuss a bit about what is meant by the bitcoin wallet itself. Bitcoin is stored in an account called the Bitcoin Wallet (Bitcoin Wallet). Any company Bitcoin wallet can be used to store bitcoins and you can download them for free on the Google Play Store or Apple Store. There are hundreds of companies in the world that make Bitcoin wallets to date, but for the sake of your account security, we recommend to find the application that has the highest number of downloads and highest review stars. If you are interested to compare the advantages and disadvantages of Bitcoin wallets in circulation today.

No one knows who he is. However, Newsweek daily on Thursday (6/3/2014) claims that it has met directly with Satoshi Nakamoto, the founder of the Bitcoin. Previously, in the middle of the Bitcoin community, many say that the name Satoshi Nakamoto is a pseudonym.

If I think the best and trusty Wallet Bitcoin is Blockchain. Blockchain site is certainly no stranger to Bitcoin players. Blockchain is the first best Bitcoin wallet whose quality you do not need to doubt. The interesting thing is you can see all the transactions that occur in your wallet be it Bitcoin acceptance or Bitcoin delivery. The security of Bitcoin transactions and storage in Blockchain does not need you to doubt because it uses API technology. The downside of this wallet is that if Blockchain is connected with Bitcoin then Blockchain can not accept other virtual currency transactions such as Litecoin, Ethereum and many others. Another weakness is Blockchain can not be exchanged with the rupiah currency so you need another wallet.

CoinBase: The excess Wallet Coinbase lies in its features as well, there are many features, namely: Vault (Vault), Vault is a vitur where if we want to safely store the bitcoin without feeling anxious, then this feature is the right choice, by inserting the vault wallet in coinbase, we can sleep soundly without having to fear our coinbase account in the hack, Why is Vault wallet safe ??
Because here a lot of verification system if we want to memwithdraw bitcoin, if we do withdraw in vault wallet, then we have to pass the stages that is, 2 factor verification can be through sms, and authy code. after that we still have to wait 2x24hours, or 2days 2nd night, if it is not you who withdraw it is sure you will be able to cancel at the withdraw, if you login on 1 day after withdraw by our wallet breaker.