Bitcoin Hits Lowest Level of the Year
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Bitcoin is down it has touched a low of $4,550 UDS a coin. This price is the weakest the coin has been since October 2017 and also puts an end to what was the steadiest period the coin experienced in months. Bitcoin has been trading around $6000 for the majority of this fall and volatility was at an all-time low.
The market is placing the blame on bitcoin cash hard fork for the selloff across the exchanges today. As stated, the damage is widespread, and Bitcoin Cash itself is suffering the hardest, with losses just shy of 17%. Ethereum is down -13.5% and Litecoin is down -13.05%, but the entire top-ten are hurting.
The entire cryptocurrency bitcoin market has dropped about $18 billion USD over 24 hours .
And the total market cap of $85 billion is down more than 70% since the start of this year.
This is a far cry from the highs of 2017 when Bitcoin was selling for $19,511 per bitcoin.
BIZZJAR
Hello @bizzdrago, I have a few questions for you if you don’t mind me asking.
Crypto is under heavy attack at the moment. I am not an expert but it doesn’t take one to see that this hard fork is just the way that the “outsiders” try to destroy it.
So I will begin with the obvious: How damaged crypto will be after this hard fork?
What kind of (immediate) future are we looking at? Will it be a temporary stop of the crypto world you think?
And finally, what is your prediction for Bitcoin Cash?
I am positive that Crypto world will have a strong future; Or I should better say, Crypto will be the future!
It requires though, more people with pure intentions and a better vision for human kind to be involved, among other changes that need to take place, I think! 🙂
is hard to predict the future of cryptocurrency but I agree with you that it have a strong future but many experts said this can be part of hyper wave at this moment bitcoin is touching bottom after going up to almost 20 k per coin now is time to go down other factors is the monopoly of mining that is occurring at this moment and the fork is another problem but even with this problems bitcoin is the most secure network this give it its value possible will go down more but at the same time it can go up as fast it goes down
Heraclitus said: "You do not enter the same river twice". Now that Bitcoin is broken to pieces, how likely is it the same thing to happen and if yes, which Bitcoin will go up?
They all seem to attack BCH and Roger Ver and to be honest, I really feel bad for him.
Only recently I found out about him and got informed thoroughly about Bitcoin, well as much as I can since very few people in my real life circle are into Crypto.
From what I have seen, he is really one of the main-if not the main- reason why Bitcoin has such an impact today!!
Dedicated and passionate, I would even believe he created it, eventhough he has not!
It looks though, like they intend to destroy him for reasons I do not know and I am sure there is more to it than meets the eye!
If I were him, I would just withdraw myself at the moment, gather my forces, gain power again and strike when I am ready!
Such a pity though for the entire Crypto world!
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