Agency: Bitcoin will plunge to $ 1,800 in 2018

abdsamadsakhi (-2)(1)in #kr • 7 years ago

FX168 Financial News (Hong Kong) A consulting firm based in Wall Street predicts that there will be a massive collapse in the cryptocurrency market this year.

Quinlan & Associates, the US financial services consulting firm, predicted on Thursday (January 11) that Bitcoin is expected to plunge to $ 1,800 by December 2018.

The 156-page report found that the current bitcoin price of nearly $ 14,000 far outweighs the value of being an investment asset and payment mechanism.

The report wrote: "As an asset, we evaluated Bitcoin's cost of production means and means of storing value, with results of $ 2,161 and $ 687, respectively."

In order to assess the value of bitcoin as a currency, it is tested against both its legal retail transactions and its utilization of the black market, and concludes that the price of bitcoin is about $ 1,780.

The company said Bitcoin's bubble is waiting to be punctured.

#kr-newbie #art #life #illustration

7 years ago in #kr by abdsamadsakhi (-2)(1)

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krguidedog (64) 7 years ago

Woff, woff!

Hello @abdsamadsakhi, We have met 9 times already!

I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!

Tips:

If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post. Yikes! I hope that wouldn't happen to you.
If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post. Double yikes!
If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist. Oops!

I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!

Woff, woff! 🐶

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