Bitcoin Dead?

31-12-2017, 10:47 PM

REX007 Wrote: G'day all when are people thinking bitcoin bubble will burst or wont it. Im interested to listen to peoples ideas!

Decentralizedcoins can't be dead its a little bitbit correction in bitcoin in past we see huge problems with bitcoins slow confirmation and high miners fee also some countries blocked bitcoin which put a huge impact on bitcoins. Bitcoins price set on buying and sell orders . so if buying orders increase price goes up and if sell order goes up then price goes down this simple formula which bitcoin using for example you are from china and you got 900 bitcoins and you see news on TV china banned bitcoin you will defenatly sell bitcoins ..

its not only example china holding more then 79% bitcoin Mining + reserve when government put ban on bitcoin peoples panic and sell bitcoins so rates goes low it will goes to about 6/5K USD