Saturday, September 16, 2017

Why Bitcoin goes up then down ?

A lot of people involve in bitcoin were expecting that the value in dollars would reach about $5000. While its almost had reached the $5000 , then it dropped to almost $3000 but now its regaining again. Investors were worried but those big ones didnt  caused they might be the one who cause the downward trend and now its picking up. 

I remember to watch this video about the rise and fall of bitcoin and had me no worries ;

Coinbase Co-founder Fred Ehrsam break silence On Bitcoin, Ethereum and Litecoin future on platform!!

But the rise and fall would be a normal thing until the bitcoin reaches its final height and settles but other sectors sees a different  reason why the bitcoin price suddenly dropped; 

Reasons ; 

-The comment of Jamie Dimon that bitcoin is a fraud but had a big investment in ethereum,
-Chinas move to regulate bitcoin 

There's no doubt that all governments as well as big banks and big investors will do everything to put down bitcoin but they are being side stepped as "bitcoin cointinues" to be on the mainstream

After almost seven years bitcoin and blockchain are now being recognized  start now with being involve with bitcoin and blockchain