Why bitcoin dropped

I know a dude who over a week ago single handed introduced limitless bitcoin mining technology to the public sooooooooooo who knows ...
 
rotfl. WHO UPDATES IT THEN?

i thought people make coins to benefit from them.

how is sakamoshi namoto benefiting if hes anonymous entity?

How does being anonymous stop you from being a beneficiary....? Smh
 
so how he benefits from it? does he get % from each transaction?

Like a great book I love to read called "The richest man in babylon" one principle was to save atleast 1/10 of all earnings. I would assume Nakamoto saved his fair share of this asset called Bitcoin.
 
Like a great book I love to read called "The richest man in babylon" one principle was to save atleast 1/10 of all earnings. I would assume Nakamoto saved his fair share of this asset called Bitcoin.
so we dont know how much he saves?
 
Coalichain - Bitcoin actually a internet coin like to air mover currency on top most digital technology .Bitcoin is a collection of concepts and technologies that form the basis of a digital money ecosystem .The emergence of viable digital money is closely linked to developments in cryptography. This is not surprising when one considers the fundamental challenges involved with using bits to represent value that can be exchanged for goods and services.
 
but who made it?

satoshi-nakamotsolved.jpg
 
The Bitcoin value will increae in future or not


Expecting Great Guide
 
I didnt read those articles but bitcoin will ended up getting ban in my country, in simple word BTC got no future according to me. Only my thoughts.
Hell Doesn't need a currency other then PAIN!
 
Here is an interesting read about bitcoin price - https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports

If you add that people are easily influenced in crypto market, it seems like a probable cause or at least one of the main causes.

And it seems that it is not the first time mtgox is accused of influencing the market - https://techcrunch.com/2018/01/15/researchers-finds-that-one-person-likely-drove-bitcoin-from-150-to-1000/

Now. No matter if the influence upon the market was done or not by mtgox, I see 2 possible conclusions:
- mtgox is the scapegoat; for those that like conspiracies
- or mtgox is really dirty

What do you think?

It's not, it's about the market movement. These kind of news or events are just catalysts that start the inevitable. Read this article for more information https://www.technologyreview.com/s/610614/how-network-theory-predicts-the-value-of-bitcoin/. Don't fall for financial mythologies.
 
Theres no new investors to crypto. Many flocked for fomo in december and lost billions buying btc for $20k.

Now you have too much regulation and government bans. I knew guys maxing their creditcards and paying Off the bill within a month. Banks put an end to creditcard crypto purchases. Shame noone noticed how that really affects crypto price.
 
^Yep. Feels like it's really going to take a lot of new money to get a real bull run going again. Stuck in a funk right now and every person I know who got into the game during December is stuck way below their buy points, possibly for the entire year.
 
Im guessing it wont rise that much this year. The bull run and hype is over and bitcoin mining fees rise too much when prices increase. Making it redundant for small transactions
 
In case you guys missed this article: 4th Dimension: Bitcoin-Manipulation-Cartel — Price-Suppression is the Goal

Yeah the futures market was pretty much the nail in the coffin for the price. Short term tho. We have still a long way to go down to even consider this done or dead. I'm considering 4,000 as a very key price to see what will happen to the monthly trend.
 
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