Bitcoin is either golden or 50 times more space. Either, not worth a penny, a tulip bubble.

The value of bitcoin needs rethinking

First of all, bitcoin is a variety of Internet Intermediary money grown from the folk, and is out of the government.

Second, a large number of bits are controlled in the hands of 40% people.

Once again, the investment in bitcoin is a kind of investment in drums and flowers.

In 7 years, bitcoin has risen 2200 times. For a few years, it has risen 16 times.

Moreover, the volatility of bitcoin is very large. The maximum slump was 90%.

This year, after China's government regulation, bitcoin also plunged 60%, and then went all the way up.

This month bitcoin price ups and downs, more than $20 thousand in December 17th had a record high, but has continued to decline, in December 22nd about bitcoin prices suddenly collapse: in a day of evaporation of the value of 1/3, a brief decline to below $11000, after a slight rise.

Today, the bitcoin trading platform Bitfinex shows that bitcoin fell below $12000, expanding to 16% or more than $2300 in the day.

Recently, the cause of the bitcoin slump: all countries have increased supervision.

1, the India Ministry of Finance warned investors on Friday that digital money investment was a bit like the "Ponzi scheme".

2, the South Korean government has also announced a ban on anonymously encrypting money accounts and closing the virtual currency exchange according to the requirements of the Ministry of justice of the Republic of Korea.

Previously, bitcoin staged a roller coaster, currency price from about nearly $20000 in December 16th to the highest point in December 22nd fell to $13000 a week, almost cut".

The price of bitcoin has rebounded sharply this week after a 30% price plunge last week. On Tuesday, it stood back to 16 thousand dollars.