11 14 April 12, bitcoin price for $6417. In November 16th 12, the price has dropped to $5671. In November 20th 12, bitcoin price of $4706. Just a week, bitcoin price has decreased by about 30%, its market capitalisation is $29 billion 746 million. Bitcoin 21 plummeted below 16% to $4100, the lowest this year. This digital currency fell to the lowest point since September 2017. This year, bitcoin has fallen more than 77%, called bubble tragedy.
Than bitcoin market worse, corresponding to the bitcoin market, 2017 market unpopular when selling tens of thousands of mills, now price only one thousand or two thousand, after a small part of the bitcoin mine mill hill of general waste heap in the yard, even by the people in accordance with the price of scrap catty to sell. The famous mill trading field in Shenzhen Huaqiang North many businesses have to resell mobile phone shell, like a dream, just a few months from heaven to hell, this contrast is the bitcoin bubble’s.
By the end of 2017, bitcoin prices topped $20 thousand, a time of thunder two, around a lot of friends tempted have to approach. Xiaobian have few friends took out their savings, two hundred thousand to hit, did not dare to buy bitcoin prices too high, buy cheaper currency even EOS grapefruit, buy some hair coins rather baffling tokens, fantasy can rise overnight million times. The results have been zero, even more than bitcoin also unfortunately free, after $6000 nearby consolidation for several months, finally further diving, open the value of the return path!
In fact, all of this, the causes and results already doomed. The Commodity Futures Trading Commission (CFTC) 2017 12 1 April end review, allow bitcoin futures on the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (Cboe) trading, CME announced that 12 18 April launch of bitcoin futures trading. In December 5th, Cboe’s official announcement, the exchange bitcoin Futures (code “XBT”) will be held at the central United States in December 10th five time point in Cboe’s Futures Exchange (CFE) officially listed for trading. After that the Nasdaq was supposed to launch currency futures.
In any case, only know how long before the retail investors, the Americans to start up unexpectedly imperceptibly secretly knife. Bitcoin itself is a conspiracy. Americans invented the world’s wealth harvest conspiracy, from the birth of bitcoin, hung a Cong virtual name, but there is speculation is actually a CIA man. The way to attract numerous game player and wealth stir in, after up to 20000 dollars to launch the ultimate, Americans may be short of the bitcoin bubble futures market, all of a sudden the fight, and harvest countless wealth.
Always bubble will burst, the reason is very simple, but the wealth effect of the stimulation, people tend to lose nature.