Bitcoin Broke $11,000 , Then Plunged 20%
Bitcoin's prices rocketed past $11,000 as thousands of newbies signed up for cryptocurrency wallets.
In a matter of 24 hours Bitcoin's price went from $11,000, plunged to $9,300, and then back up to around $10,000. Bitcoin has been raising eyebrows all around and many have signed up to be a part of it.
According to statistics from two major wallet providers, the influx in stock did nothing to prevent any newcomers to join.
Bitcoin has been making headlines and not all of it is good reviews, but for some it happens to be the way of life. I read an article where a parent payed off their child's tuition fees via Bitcoin. Certain dealerships will accept Bitcoin as well as some high end restaurants.
Is it really going to be as big as people say it's going to be ?
As new users flooded the into the markets, Coinbase's US based exchanges went down, alongside two other major exchanges, Bitstamp in Slovenia, and Gemini. According to Coinbase, the major traffic from newbies caused it's services to slow down which is what caused the decline in Bitcoin price.
Link to Bitcoin article from THE COINTELEGRAPH down below.
https://cointelegraph.com/news/20-bitcoin-price-drop-in-less-than-90-mins-just-another-day-for-bitcoin
Seems like very old news (in bitcoin trading terms)
The price had dropped to from 11k to 9k and back to 10k on the 29th at 16:45 PM EST. (we're dec 2nd.)
When you posted that it was also back to 11k
Bitcoin. The mother of Crypto
Was to be expected tough. Bit of a pullback after all the crazyness
Thinking bitcoin will be crossed 20,000$ in next one year. Most fastest growth coin in the world. And yes I learn more about bitcoin from your post. Thanks for your share
SUBWAY ACCEPTS BITCOIN TOO!
Just a fun fyi bc it is not a high end restaurant . . .
Funny.
https://steemit.com/life/@aftersunday/us-in-case-of-war-northern-korea-will-be-destroyed
really
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How to below:
Please drop down to 5k for 5 minutes. I need to buy some more :(
Although I'm holding Bitcoin and expect it to keep climbing, honestly, anyone who just bought it for $11000 is a sucker looking for a good deal on a smart fridge...
Hahaha although it has gone up 1100% this year what is to stop it from doing another 1000% . Let's enjoy the ride