Xiao Lei: the three factors may stifle bitcoins

Bianews November 20th news, today, virtual currency analyst Xiao Lei issued a document that bitcoin plunged 70% years, three factors could stifle bitcoins:

First of all, bitcoin in the bear market, behind them, not good, is unable to support the current price,

Secondly, block chain technology to promote the soaring prices of the mission has been completed.

In section three, bitcoin survival is the market controversy, such as hardware bit chip manufacturers listed miwuchongchong, many hardware companies also postponed the listing period, which led to bitcoin most upstream industry suffered a strong pressure.

Xiao Lei said, bitcoin price is not what a reasonable interval, because bitcoin valuation cannot consider profit model and the market value of the ceiling, so it is difficult to determine the price of bitcoin.

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