Another gutwrenching week for Bitcoin...

Watching the market for Bitcoin has kept investors on the edge of their seats lately with the falling prices. Many are reporting that it could be due to the speculation of last week's "hard-fork" in the blockchain of Bitcoin Cash. The Independent reported the following:

The price of bitcoin has continued to fall following last week's market-wide crash, losing more than a fifth of its value in the space of just a few days. The cryptocurrency is currently trading at its lowest level since October 2017, though analysts are struggling to explain why.

Billions of dollars have been wiped off the value of bitcoin since last Wednesday, with no sign of the market turning around. Other major cryptocurrencies to experience significant losses include ethereum, ripple and bitcoin cash.

Over the last 24 hours bitcoin has lost a further 10 per cent of its value, according to the CoinMarketCap price index, and threatens to fall below $5,000.

Source

This is more discouraging news to many seeing that from last week they are continuing to deal with loss. Even though for a digital currency, Bitcoin did remain rather stable for some time in the past, but it is still showing its susceptible volatility. Even fiat currency shows that it has volatility at times. Look at what happened during the Great Depression of 1929, or even what is currently happening with the monetary disaster in Venezuela. Throughout all of this, it seems one thing remains more of a constant or as they say a "standard", and that is the tangible asset of gold backing. Gold has been used since before fiat currency existed and has always been highly sought after. Even today, it holds its value fairly well. Recently it has seen a bit of a low, but nothing it hasn't bounced back from. According to this article:

Just when it looked like the price of gold was going to retest its lows of October and maybe even September, the metal put on a bold rally.

After marking an intraday low of $1,196 on Tuesday, Nov. 13, gold prices took one more day to consolidate near those lows.

Since then, the price of gold has rallied and so far maintained a healthier level near $1,220. The run happened as stocks continue to struggle while the dollar retreats.

But central banks have been buying aggressively, while gold-backed ETF holders have held steady.

Even though everything in the market fluctuates, by having valued assets it will always remain a constant. Therefore, if a person is trying to currently invest in or has a lot invested in cryptocurrency, they should consider GODcoin because it will be backed by gold and silver which will help keep their investment from plunging with all of the rest.

Since Bitcoin is giving people a constant volatile scare, GODcoin is giving everyone a stable opportunity to invest in their security. If you're tired of the ups-and-downs of non-asset backed cryptocurrencies and even fiat currencies, the time to switch over to GODcoin is now while there is still a chance before a global rest occurs, or your investments plummet with the ongoing drop of the market. The choice is your, invest wisely while you can!

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This article was authored by Judith Monte, @belovebelight

There are many advantages to GODcoin especially since it is one of the few coins that will be backed by gold and silver. Not only does GODcoin offer the illuminated path towards a prosperous future, but very soon, it will be the global currency. To learn more, visit the following links:

View the history leading up to the white paper

View the white paper

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All information provided is available on the official website at https://godcoin.gold

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