The "Mt Gox" platform caused the down price of the Betcoin and now will be the reason for its rise!

The collapse of the Bitcoin price in early 2018 can be largely attributed to the behavior of the Mt Gox digital currency trading platform, says William Subberg of Coin Telegraph. Where the leading digital currency fell to less than $ 6,000 after reaching highs of up to $ 19,300 in late 2017, causing panic among investors that led to the sale of assets making it difficult for the price of the digital currency to recover.

The Mt Gox platform is said to be involved in the wholesale sale of its assets from Pitcairn in late 2017 and early 2018, where it decided to pay creditors - and settle claims for the Betcuene loss of 850,000,000 Pitcairn hackers in 2014. The platform was stalled due to allegations With fraud, the trusteeship has paid the company to sell the huge portion of its currency reserves. Evidence suggests that each sale led to a further decline in the price of the Betcairn, until the currency lost more than half its value.

Of course, this is not the only reason for Pitcairn to have problems during early 2018 - but he explains the price collapse to some extent. Now that the Mt Gox platform has completed the sell-off and market downturn, we are beginning to see the price of the Betcairn once more established, and we have seen investor confidence coming back in the digital currency. It is also possible to have internal trading during this time. There is likely to be advice from the Mt Gox platform on the upcoming sell-offs, and the consequent fall in prices, which has led to a wave of low-priced buying by investors who have already made gains through their new assets. Meanwhile, buyers who bought with great confidence had to ride the wave of lower prices and see the value of their large investments fall.

Now that the problem is on the way to a solution, and after the authorities are more welcome with the transactions of Betquin, confidence in the currency is expected to grow more and more. When confidence in Betquin can be rebuilt, the currency will have enormous potential as a real currency and as a digital asset. Although the Betquin bubble burst earlier this year, the currency has already begun to see growth again and has a real potential for stability and rise again in 2018.