The Value of Digital Money Continues to Fall, ATM Bitcoin Run Out Of Supply
hello steemit friends hopefully in good health, this time I want to give tau to friends Digital Money Value Continues Tumbang, ATM Bitcoin Run Out of Supply
By Vina A Mulia
Jakarta The value of various digital currencies continues to slip. Bitcoin for example, the most popular digital currency is reported to have lost value to 24 percent in early 2018.
This also impacts on various automatic cash withdrawal machines (ATMs) that use bitcoin as nominal. Reported Business Insider, Tuesday (23/1/2018), although bitcoin prices continue to decline the number of people who want to withdraw from the ATM actually multiply.
Some bitcoin ATM machines in Singapore end up running out of digital money supply. The management must also install a temporary notice that the machine can not be installed.
This phenomenon happens because many investors choose to buy bitcoin when its value decreases. Bitcoin machine owner said the number of people queuing up at the machine doubled.
"We have to give notice that the machine can not be used temporarily, the number of people queuing up to 20 to 30 people in two days, whereas usually only 10 people," said Philip Lim from the management.
Even so, the founder of Bitcoin Exchange Zann Kwan said the purchase action is not how compared when bitcoin prices declined in December.
At that time, more investors were waiting to buy more bitcoins.
"At that time, many sellers still maintain their bitcoins because they believe prices will improve, but many investors are waiting to buy more bitcoins," he said.
According to CoinDesk, the bitcoin value fell to US $ 9,714 per token on Wednesday last week before finally recovering to US $ 11,190.
Bitcoin's falling price has also increased the demand for suicide in the United States. Many investors are buying this digital money by owing to a bank and using a credit card. They fear the debt can not be covered by the fall of the Bitcoin price.
reference : http://m.liputan6.com/bisnis/read/3234312/nilai-uang-digital-terus-tumbang-atm-bitcoin-kehabisan-suplai
