Bitcoin collapsed, wiping out $1 trillion of investors

Bitcoin was proposed in 2009 as a P2P digital currency. In 2017, the market value is the highest and the most glorious year. The price of bitcoins has been rising all the way from less than $1,000 to the peak of $19891.99 on December 17, 2017.

From 2009, when the first bitcoin exchange rate was announced, the exchange rate was 1309.03 bitcoins to the us dollar, which rose to the highest point in 2017, the price increased by 20 million times. In 2017, when the price of bitcoins was at the highest, a three-bedroom apartment in shenzhen was worth less than 100 bitcoins

Bitcoin finally crashed.

Bitcoin plunged more than 70 percent

Remember that 2017 is the best year for bitcoin. The price of bitcoins has been rising all the way from less than $1,000 to the peak of $19891.99 on December 17, 2017.

From the exchange rate of 1309.03 bitcoins to the dollar, which was first announced in 2009, the exchange rate of bitcoins rose to the highest point in 2017, and the price increased by 20 million times, which was considered the world's largest bubble.

In 2017, when bitcoin was at its peak, a three-bedroom apartment in shenzhen was worth less than 100 bitcoins, and a Mercedes S500 top gear was worth less than 10 bitcoins.

2017 is also the most beautiful year for people in the coinage circle. The myth of wealth creation has inspired countless latecomers, and various funds have flocked to it. The speed with which money is made and the ease with which it is made are unique examples in the well-documented history of commercial finance.

Within days, investors heard bitcoin crack.

On the afternoon of November 20, the quotation of bitcoin broke through the defense line of $4,300, and the quotation of RMB dropped below 30,000 yuan, hitting a new low.

Over the past 24 hours, it has fallen more than 17 percent.

Over the past month, it has plunged more than 30%.

Over the past year, it has tumbled 77%.

The value of bitcoin has lost 1.6 trillion yuan from its high in 2017.

A senior player in the coinage said his assets had lost more than 85 per cent and declared "bankrupt".

Some people say that they invested 100,000 yuan in the currency when it was at its highest price. Now they only have 2,000 yuan left, which is equivalent to losing 98% of their principal.

Some people say they lost 15,000 yuan in a few days on their 46,000 yuan investment.

In other posts, the number of people who lost hundreds of thousands of yuan in a few days was not small.

Bitcoin is down 76% from its $19,299 value at the start of the year. From January to September 2018, transactions settled on bitcoin fell by more than 80 percent.

Bitcoin fell, and the rest of the industry, which depends on bitcoin, collapsed.

Many mines that dig a mine technically clear field in succession, a year ago high price begins with, the ore machine that unit price is close to 30 thousand, secondhand transfer price has 1000 yuan only.

Some mines simply run away, the electricity bill owed is not on, the high price of mining machine also do not want, just throw there, even by the price of scrap iron sold by jins.