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RE: Breaking news: Bitconnect say they will pay back all their investors in Bitconnect coins, not Bitcoin. Edit: bitconnect price now down 88%
This is definitely going to affect all crypto currencies and going by this I dont think a finney would be able to hit $2 by the end of January as initially discussed.
Do you think there will be a rise soon?
Given where we are, I think it is to much to hope that a finney will reach $2 this month.
1 finney = 10’000 satoshi or one ten-thousandth of a bitcoin.
with bitcoin currently at $11’200, 1 finney is worth $1.12.
For a finney to reach $2 we would need bitcoin at $20’000. I guess that this won’t happen January. Maybe March or April.
I do hope so, cause bitcoin has actually dropped from $11,200 to $10,800
but for a very short time. It really does have its own, steady upward gradient if you draw a straight line.