What is BITCOIN?!

It is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency, in which BLOCKCHAIN in the other hand is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

History Of Bitcoin

In July 2010 Bitcoin priced at $0.08 per BTC, then in five days the price rose to 900%.
After 2 years in July 2011 had risen up to $31.00, years passed by January 2018 Bitcoin has a record high of $19,511.

Media and Central Banks

Last thursday India said they will take all measure to eliminate CRYPTOCURRENCIES, since hackers already raided $530 Million USD. Other countries such as China and South Korea are banning and regulating BITCOIN since November and December. Philippines therefore as noted by the BSP (Banko Sentral ng Pilipinas) warns the public that they would only allow Bitcoin under the Anti-Money Laundering Act (AMLA) Republic Act No. 9160. The skeptics tells the public that Bitcoin has no value.

Reasons Why Bitcoin is Crashing

• Government Regulation
  Since bitcoin had a boost on August 2017, the Government immediately took an action and regulated the bitcoin buy and sell, since then Central banks and other countries are banning the digital currency the bitcoin.

• Investors are Going home with a $10,000 price
  As you may have notice, the sell price of bitcoin was down to $10,000 and South Korea right now is on panic-selling, since the Government wanted to ban the Bitcoin trades. Investors from 1 year ago maybe bought $1,000 on March 2017 and sell the price of $10,000.

• Altcoins
  If you are a trader you may notice that there are unfamiliar alternative coins, such as ECOIN had risen last week to $852% of its past price. Buyers and sellers are going to alt coins so they can have a long term investment like bitcoin for the past 7 years.

Will BITCOIN rise to $200k USD?

In my own opinion, "YES" bitcoin will rise to 200k maybe this year, if the supply is low and the demand is high this is were it is good for selling but right now, it is the time to HOLD AND BUY BITCOINS.

@chuuuckie

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