Quote from: Realist247 on February 25, 2018, 02:23:02 AM

Quote from: bitcoinbillionaireboy on February 25, 2018, 12:46:18 AM

Can anyone help to explain why BITCOIN. Movement is now stagnanted?
Many people said Chinese new year is the cause of the downward movement of the market.
Please how true is this?

Because $10,000 is still way too expensive, especially now that there are so many altcoins with the same functionality. Keep in mind that Bitcoin went from $200 to $10,000 and very few fundamentals have changed between 2014 and 2018. No one has been able to demonstrate a justification for this rise beyond mania and FOMO. Be thankful that it's at $10,000. Don't be surprised when it falls back under $1,000.

It is not expensive considering how much more energy it costs to mine 1BTC. Prices must go up otherwise no one will mine bitcoin.

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