During from past two years when bitcoin stepped in,Every body takes it lightly but i personally dont know that how it get so high on USD then how it conquered the transactions of banking,
there was also a time when 1 BTC was = to 1100$ which also led myself toward this entity crazily,Bitcoin was like catastrophe in transaction sector or what can i say it a 'Currency sector' then we see also a big drop in the price of Bitcoin from 1100$ to 300$ .
It boomed suddenly ,Every body head was down thinking that they had lost something because some peoples had transferred there currency in bitcoins because of Current Good situation also and of the value of the 1100.
Still today those people aren't in a big loss because bitcoin is much more valuable still today ,i know it is not much then before it was used to,but i have to admit it that with that big fall ,
btc is still famous
BTC
there was also a time when 1 BTC was = to 1100$ which also led myself toward this entity crazily,Bitcoin was like catastrophe in transaction sector or what can i say it a 'Currency sector' then we see also a big drop in the price of Bitcoin from 1100$ to 300$ .
It boomed suddenly ,Every body head was down thinking that they had lost something because some peoples had transferred there currency in bitcoins because of Current Good situation also and of the value of the 1100.
Still today those people aren't in a big loss because bitcoin is much more valuable still today ,i know it is not much then before it was used to,but i have to admit it that with that big fall ,
btc is still famous
BTC
there are a couple of things that are worth mentioning here:
bitcoin became popular and grew in price because it was and it still is useful, and much better than using fiat and all those payment processors for fiat.
there is something in all these commodity markets called a bubble, everybody knows that and even if then don't they will hear it at some point. the $1100 was a bubble which had to burst.
the fall to $300 didn't happen overnight so i don't see what OP's point is by saying drop from 1100 to 300
as i said it was a bubble and anybody with the small experience would have noticed it and got out and back in again when things were settled.
like what is happening now, things has settled a long time ago and you should have bought at $200 and be happy about it.
