Wednesday, January 24, 2018

Whether The Price of Cryptocurrency Especially Bitcoin Can Rise Again After a Very Deep Drop

Whether The Price of Cryptocurrency Especially Bitcoin Can Rise Again After a Very Deep Drop - The value of bitcoin plunged last week, amid fears that trading could be banned in South Korea. Then stabilized for a while, before plunging again.Volatile cryptocurrency hit a record high when it passed $ 19,850 in mid-December, but then fell quickly, falling under $ 12,000 in the day.Its value has shifted unexpectedly since with frequent wild drops and recovery. 

However, it now seems to be on top.It's worth $ 11,340 at UK time Tuesday afternoon, according to Coinbase Exchange.Its value is up more than 4 percent from a week ago, down more than 17 percent from a month ago, and up more than 1.130 percent from a year ago.The recent on-going departure has shown how quickly the situation can change for investors.

Whether The Price of Cryptocurrency Especially Bitcoin Can Rise Again After a Very Deep Drop
Cryptocurrency values fall before Christmas, stopping nearly $ 2,000 in just one hour at a point, and almost slipping below the $ 11,000 mark. He then bounced back, and then fell again in mid-January.


Bitcoin is very volatile, and its value is expected to shift unexpectedly.The rise also causes the increase in interest rates in other digital currencies, such as ethereum, litecoin and XRP, more people are now looking to invest in digital currencies.

However, there are serious concerns that bitcoin has created bubbles that can explode at any time.Many financial experts advise potential investors to avoid getting involved with bitcoin, and the SEC has told people to "be careful" and be careful of fraudsters.


But others speculate that it could continue rising against the $ 1m mark.Bitcoin only exist online, has no central bank and is not associated with or regulated by the state.

Anonymized records of every bitcoin transaction are stored on a large general ledger known as blockchain.However, transactions made with irregersible cryptocurrency, which makes investors in bitcoin attract targets for cybercriminals.


Then we will be able to draw the conclusion that the storm will pass, many people ask if Bitcoin can recover again after experiencing a very deep price reduction, then the answer can be as long as you only hold the type of cryptocurrency such as Bitcoin, Ethereum,Litecoin, XRP and the minimal entry big 100 in coinmarketcap, otherwise it may take time, but usually along with the rise in BTC price then Alt coin will go up, then throw your panic away and stay calm while waiting for the market back to normal.