The price of bitcoin has dropped 11% in the past 24 hour period. This blog does not reflect this price change, but I will be releasing an update later on the subject.
The biggest question is that Will Bitcoin crash again on Feb, 2018 What is Happening With Bitcoin & Crypto.
Some people say Its over!!Its time to pack the bag.
I heard some people talking Bitcoin pool is moving all it's mining hardware out of China. All lifetime mining contracts are on hold until they start back up in a different country around end of April.
I think China government may remove all independent mining companies and then start their own mining operations. I think that is a very likely scenario.
But When Bitcoin babies figure out that Hashgraph gives them everything they want it will be bye bye not buy buy bitcoin.
According to BTC analysis based on 200 day moving average relative price, Bitcoin will be over $27,000 by February 2018, according to Trace Mayer (monetary scientist, investor).
According to Trace Mayer: Bitcoin Not in a Bubble Until it Hits $27k?
Trace has been around since almost the beginning hes a beast
I don't know bitcoin can't go up forever eventually something will happen if you made profit take some of it out of bitcoin.
There are 5,820,203,717 oz of gold in the world. Bitcoin: 21,000,000. Divide. 277. Gold price: $1300 x 277 = $360,100. That is where Bitcoin will become less volatile - and actually where the price ought to be right now. From there it should rise or fall against gold, depending on relative merits.
Lets hope it goes well
