The cryptocurrency showing how volatile it can get, since the price surges back in December for bitcoin above $19,500 to highest, now it’s below $12,000, similar graphs could be seen for the other cryptocurrency too.
The value of bitcoin seen to drop sharply and the main concern could be the fact of the crackdown in the country South Korea.
Some believe the price dropping as it is correcting while others believing bitcoin is made by the aliens. Whatever it is, it’s not gonna die for sure.
Holding your cryptocurrency is recommended in this span and not to fear.
bitcoin graph showing the plunge on 16-17 Dec
While on coinmarketcap
Some of the Twitter feeds
— Armin van Bitcoin (@ArminVanBitcoin) January 16, 2018
Current @TIPMayerMultple is 1.7x; $BTC $11,982.14/$7,063.13 200 DMA & rising about $70/day. Correction & consolidation since mid-December moving relative price from 3.7x (expensive) to 1.7x & trending towards cheap. #Bitcoin fundamentals very ?. #LightningNetwork @PrestonPysh pic.twitter.com/qwtM70CjJG
— Trace Mayer (@TraceMayer) January 16, 2018
Good time to exit #Bitcoin an uncorrelated asset
1) Global debt $233tn
2) Bond’s 300yr highs & -yield
3) Stocks most overbought in 120yrs
4) RE prices so high kids living w/parents
5) BTC nearing exponential growth/adoption
6)#BTC mkt cap only $190bn or 0.05% of $400tn globally
— RenegadeInvestorUK (@sharkybit) January 16, 2018
While some believe its gonna die and others belive its gona go well just sit tight…. though in my opinion its great opportunity and the best time to buy for those who have missed the chance.
Some handfull picks for further read
- Best Decentralized Cryptocurrency Exchanges
- Top 6 Best Ethereum Wallet For 2018
- Cryptojacking: The New Way of How Hackers Mining Cryptocurrency
- Are ICOs Safe To Invest In? Beware of Scams!