Come to the point 👇
Now adays #Bitcoin is very unstable and its price touch $6k.But it is considerable that why Bitcoin boom in December and again it goes to it's #lower price about $6k.
We guess about Bitcoin
Why bitcoun is sleeping???
BItCOIN is a main trading cryptocurrency now and its prices affect by many countries how?
1. When any country announce a news that all cryptocurrencies will be ban in the country then all investors of this country would withdrawal their coin.so it's rate goes down.Now it happened in china because almost 70 to 80% BItCOINs are in china so we can understand that the rate can be effected by them easily.
https://cointelegraph.com/news/bitcoin-dips-below-7k-amidst-news-of-chinas-full-ban-of-cryptocurrency-exchanges
2. It is also a part of rate change When many Banks give a notice that their credit card and crypto investment will be stop so many exchange doesn't work and crypto rate affects.
https://www.forbes.com/sites/naeemaslam/2018/02/05/banks-banning-cryptocurrency-purchase-on-credit-cards-why/#cc68c033cf95
We all know that BItCOIN will come at it's previous rate and goes upto $15k - $ 20k in February to March.
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thanks @mercyjohnson for sharing on crypto. Bitcoin investment is the best deal. Despite the discouragements of certain nations and banks, it will thrive because its our future; a secure and economic way of keeping one's money.
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Waiting for BTC to hit it's ATH again!
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