BitCoin Falls down rapidly for the first time since 2017 | Hi-Tech-Blog |

 In this blog,we would discuss about the value of Bitcoin which falls down below $5k for the first time since 2017...........

 BitCoin Falls down rapidly for the first time since 2017
 BitCoin Falls down rapidly for the first time since 2017



 Before proceeding further, if you wish to gain knowledge about the cryptocurrency and blockchain ,you can check our previous blog about BLOCKCHAIN!!..


  So,what happened is that the value of Bitcoin slipped Monday below $5k for the first time since October 2017.


The world's most popular virtual currency losing 12.5% of its value from Friday evening to stand at approx. $5k as shown by the CoinBase digital exchange. These also affected other cryptocurrencies such as Ethereum and Ripple. In other words,we can say that Bitcoin cash was down around 20%that day. Actually, the fact is crypto-trading is too inregulated and risky for public at large.


 BitCoin Falls down rapidly for the first time since 2017
 BitCoin Falls down rapidly for the first time since 2017

  Now,to discuss about  'Fool's Errand'..................................



   Sadly,Bitcoin has suffered a painful year of declines from its all time high of around $19k in December 2017.


  And on side,the electricity costs also grows rapidly. Because of the computer mining process of ONE BITCOIN is around $7k. Yes,you read it right!!! One market estimated this last month...
 BitCoin Falls down rapidly for the first time since 2017
 BitCoin Falls down rapidly for the first time since 2017
making Bitcoins.
 And  one more interesting thing to know is that cost of mining


  Then obviously no doubt that market is making new coins at loss....



"Extending credit in a currency that risks significant devaluation or borrowing if the value appreciated beyond the borrower's ability to pay would be a fool's errand," said the report.

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