How the Bitcoin Crash is Affecting You and What to Do Now
What Caused the Bitcoin Crash?
Bitcoin is a cryptocurrency and worldwide payment system. It was invented by Satoshi Nakamoto in 2009 and released as open-source software in 2010. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a publicly distributed ledger called a blockchain.
The price of Bitcoin has been subject to periods of high volatility, but it has also experienced periods of stability during which the price was relatively flat for long periods of time. In 2013, the price dropped from around $1200 to $200 over two weeks, before recovering to more than $1000 over the following months. In late 2017 and early 2018, the price again fell below $1000 due to heavy selling pressure on exchanges like Mt Gox and Bitfinex after
Bitcoin Cash split off from Bitcoin on August 1st, 2017
and Segwit2x was canceled on November 8th, 2017
Why the Bitcoin Price Dropped so Fast?
Bitcoin is not controlled by any central bank or government but instead relies on a network of computers around the world running bitcoin software.
The bitcoin price has been plummeting since last year's high when it went up to $19,500 per coin. The crypto market drop has caused a lot of people to panic and sells their bitcoins for fear that they will lose all their money invested in this cryptocurrency.
The Impact of a Falling Bitcoin Price on the Crypto Market & Your Investments - Is It Time to Panic?
The cryptocurrency market is one of the most volatile markets in the world and it is not uncommon for prices to fluctuate by 10% or more in a single day. Bitcoin, the most popular cryptocurrency, has seen its price fall by over 50% this year.
It is important to note that while Bitcoin has seen its price fall, other cryptocurrencies have not been affected as much. This means that if you are investing in cryptocurrencies, it might be a good idea to diversify your investment portfolio and invest in other cryptocurrencies as well.
What's Next for Bitcoins as They Fall Even Lower Below $4K?
Bitcoin has been in the news for all the wrong reasons. It has gone from a high of $19K to a low of $4K in just 6 months. The most recent news is that they are now being used on dark websites and have been associated with illegal activities.
There are many speculations on what might happen next for Bitcoin, but it is difficult to predict what will happen next. Some people think that it will continue to fall even lower, while others think that it will stabilize at around $5K and start to rise again.