Why is bitcoin going down?

in #bitcoin6 years ago

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Why is bitcoin going down?
South Korean crypto exchange had been hacked. This news made a decline in the crypto market. Some analysts say the South Korean crypto money market is under attack, but it's hard to understand why the crypto money market is falling right now.
Expert analysts: "Bitcoin will see at least $ 30,000 to $ 150,000 in 2019

Three developments.

  1. South Korean is bringing a law that obliges buyers of Bitcoin to disclose their identity.
    2.Large companies that offer payment services over the Internet have withdrawn their support for the virtual money, citing low demand and the long duration of Bitcoin transfers.
  2. Professional investors were involved in the game with the of Bitcoin in the US.
    Bitcoin about
    Short description
    Bitcoin is a crypto money word meaning.

The BitCoin network started January 3, 2009.Founder Satoshi Nakamoto.The maximum number of bitcoins is 21 million. 1 bitcoin, worth between $ 0.10 and $ 1 in 2009, now stands at $ 6749.50 in 2018.
BitCoin is anonymous. Electronic products can be purchased. People who manufacture bitcoins, that is, people who endorse bitcoins, are called miners.
BitCoin creators download computers and special software that use very high graphics cards.

Bitcoin network blocks have relevant network approvals. Blocks are processed by miners. The miners are rewarded for the removal of the blocks. BitCoin will reach 21 million and only fixed processing fee will be charged. Since the network is transparent, the progress of a particular transaction is visible to all.
The smallest unit of a bitcoin is called a satoshi.
2018 Year Bitcoins
What will happen next.
Experts say Bitcoin will rise. Be careful about investments.
i will waiting for your comments…
Thank you

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