Today February 5, 2018 Bitcoin Price
In the early days of 2017, Bitcoin was reaching the steady climb in value, reaching the $1,000 level for the first time in years. Investor confidence caused the price to surge, which caused the value of a single Bitcoin to approach $3,000 USD. By mid July the currency went back down rapidly, dropping 36% to just $1,869.
The new Bitcoin boom was caused by an impending change, called the fork, to Bitcoin’s blockchain, which put down investor confidence. This lack of confidence manifested as jitters in the market, with many investors panic selling resulting in a huge price drop.
The same thing is happening now 1 year later. The market needs to do this to keep coming back stronger and stronger as an investor you know the risks of this and if you look at the market history you will know this market drop is not unexpected but a recurring thing that happens. Knowing these risks seeing the market history you will know that this is a good thing. So take advantage of these low low prices. I’m not a financially advisor these are my options. Do not put money into crypto you are not willing to lose. If you like what I have to say follow me, upvote, or resteem thank you!
