Why BTC Lowest level ?

in #mgsc6 years ago

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In this year BTC low & low again. People's expectations are getting reduced and losses level increase. Some people are leaving the market and some are thinking about it. Exchanges hacking is also a problem. Due to which the investors have suffered significantly That's a disappointment.
Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital-currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny.
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Cryptocurrencies have been beset by a string of bad news.
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Most recently was the “cyber intrusion” on the South Korean cryptocurrency exchange Coinrail this past weekend that appeared to result in a loss of an unknown quantity of digital currency. Bitcoin slumped 12 percent on Monday.The price of the digital coin fell as much as 4.6 percent Tuesday to $6,450.01, bringing the slide for the year to more than 50 percent. It’s down from a record high of $19,511 reached in December, the culmination of the more than 1,400 percent surge seen in 2017 as Bitcoin burst on to the mainstream.
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The biggest virtual currency fell as much as 5.1 per cent to $5,832.68, piercing the previous low of the year of $5,920.72 that was set on February 6th, according to Bitstamp prices. That bought its decline from the record high of almost $20,000 reached in December to 70 per cent.

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Thank you for sharing useful information. Yes, there is bad side point of digital currency that is stolen by powerful hacker.

Thanks you for reply.

I hope your thinking may be Strong as u like your experience

The Nobel prizewinning economist predicted on 26 January that bitcoin would not be a “permanent feature” of the financial world. Speaking at the World Economic Forum in Davos, Shiller hailed bitcoin as a “really clever idea”.

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