Why is the price of bitcoin slumped? Is it worth holding for a long time

Why is the price of bitcoin slumped? Is it worth holding for a long time

It is understood that the price of bitcoin rose rapidly in the middle of September this year to mid December. At the beginning of November bitcoin maintained at around $5000, the last week of November, bitcoin prices rose over 40% dollars, the price not only broke through the $10 thousand mark, continue to rise to $15 thousand in December, to $20 thousand in currency price impact.

But last week, bitcoin had an inflection point. After the 20 thousand dollar pass on December 17th, the market turned sharply, and the single day in December 22nd fell by more than 20%.

Overseas platform data show that on Friday, 24 hours of bitcoin prices fell from $16000 to $11000, part of the platform fell to $10400, compared with a peak of $twenty thousand in December 17th, bitcoin prices almost halved, 24 hours of bitcoin $100 billion market value evaporated. This number exceeds the market value of Goldman Sachs and Morgan Stanley.

Why is the price of bitcoin slumped? Is it worth holding for a long time

I'm currently on the bitcoin trading platform AEX, which is a terrace of conscience. Which platform are you playing with?

http://ift.tt/2E5aPtM

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