Bitcoin plummeted, the money market was flooded with red

Bitcoin fell sharply in the morning session on May 22 when trading at $ 8342.22 / Bitcoin. The highest price of the day is $ 8565.22 lowest price is $ 8222.33.

According to figures from Coindesk, Bitcoin fell sharply to 2.28% of total value compared to the previous session.

Bitcoin Cash, Bitcoin Gold, two separate versions of Bitcoin slipped 4.31% and 2.38%, respectively, to fourth and 26th respectively in terms of market capitalization.

Apart from Bitcoin, other currencies also fell as Ethereum fell 3.64% to $ 694. Copper plunged 3.04 percent to $ 0.678.

Bitcoin plunges investors into a headache, bewilderment when going up erratic, difficult to predict, unpredictable and unstable.

A recurring scenario with the currency as the previous day's sine wave added to the downside price and vice versa.

Although not hit the bottom as three months ago but Bitcoin is still around at 8000 USD should not create excitement for investors.

The reason for this is partly due to the high security and safety of the digital currency. Especially after the theft of the Hong Kong stock exchange and the disclosure of sensitive information from the blockchain.

Most recently, Bitcoin plummeted after a review of Upbit's virtual currency trading platform in South Korea for alleged misleading customers.

Upbit is the fourth largest cryptographic trading platform in the world in terms of trading volume of about 1.8 trillion dollars / 24h.

In addition, the digital currency is labeled "rat poison" when legendary investor Warren Buffett announced at the annual shareholder meeting.

He has made a series of negative reviews about virtual money, the CEO of Berkshire Hathaway said that Bitcoin or similar futures will not sooner or later disappear.

Earlier, billionaire billionaire Bill Gates had a negative say about Bitcoin on television. He argues that virtual currency is a crazy investment and if there is a chance he will destroy it.

"I want Bitcoin prices to fall sharply if there is an easy way to do it."