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Author Topic: Bitcoin's Price Drops Below 14, 000 USD  (Read 614 times)

Ifunanya Okolie

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Bitcoin's Price Drops Below 14, 000 USD
« on: December 22, 2017, 01:23:09 PM »

2017 is ending soon and it has been a year where new cryptocurrencies have been created and blossomed. It has also been a year where many have been scammed, where many new cryptocurrencies failed during the first few weeks of their launch, where the price of cryptocurrencies has gone up and down installing some form of doubt into the hearts of new investors and those intending to invest.

Whatever is it that happened in the year 2017, has only just begun. 2018 is going to a more crazy one. Trust me, it is either you follow the trend now or you fall right behind watching others making some cool money worth millions.

 But am sure by now, you should have made some research into cryptocurrencies, as the news of it seems to be everywhere (social media). I mean, cryptocurrency seems to be the Grandfather of anything relating to money.

The first popular known cryptocurrency is Bitcoin, created in the year 2009. After that, there has a been a rush of digital money into the money market. The price of these digital money can be very volatile. I mean, as of this morning (22/12/17), the price of Bitcoin has reduced from $15,000 to $13, 000. Let me remind you that recently, the price of Bitcoin was going close to $20, 000 some days back. So it is safe to say that the price of Bitcoin has dropped by 22% in four days.

In other news, here are the top ten cryptocurrencies that has hit record high in the past four days. Data site OnChainFX reports that those cryptocurrencies saw price highs this week, including several such as XRP, zcash and NEM that occurred in the past day.

NameAgeCurrent MarketcapPrice USD24 hr change vs USD
1Bitcoin (BTC)9.0 yrs$231,416,448,832$13,810.60-18.58%
2Ethereum (ETH)2.4 yrs$67,014,986,146$694.49-1.34%
3Ripple (XRP)4.0 yrs$29, 716,829,613$1.089.92%
4Bitcoin Cash (BCH)0.4 yr$43,807,541,395$2,596.87-14.47%
5Stellar Lumens (XLM)3.4 yrs$4,155,207,692$0.232670-2.56%
6Dash (DASH)3.9 yrs$9,265,968,316$1,192.83-3.52%
7Litecoin (LTC)6.2 yrs$14,143,855,155$259.92-3.52%
8Cardano (ADA)0.2 yr$10,509,434,334$0.4053460.67%
9EOS (EOS)0.5 yr$4,759,424,646$8.58 -7.35%
10Iota (IOT)1.4 yrs$10,579,003,438$3.81-11.40%

Remember that this prices may differ depending on the exchange platform.
 What is the future of btc with this new development? Should I sell off or still hodl?

Arowosebi Bukola

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Re: Bitcoin's Price Drops Below 14, 000 USD
« Reply #1 on: December 22, 2017, 02:04:30 PM »

You should hold on to your coins. The price will definitely increase after the festive period