Topic: The price of bitcoin fell to about 9% within a day of about $14000. (Read 157 times)

The price of bitcoin is dancing in the recent price but I didn't expect this much growth in one year.Bitcoin almost touched $20K in some exchanges in this december but after that bitcoin price crashed to $12000.But now the price of bitcoin is slowly recovering from its fall as always it does in the past.So bitcoin investment becomes very risky due to more price volatility and day trading becomes more harder now.So bitcoin holding is the best option to make good profit.

We should even expect more level of instability with all these huge bull runs within a short period that we have been experiencing lately. Yes, as much as I want the whole thing to at least get a little stability that all those crappy long up and long down so quickly, it is just something that would be too much to ask for now as we all know this is going to keep on like this for a while.

It seems that people wanted to cashout as much as they could, there was a lot of FUD yesterday about what was-- going to happen with the exchanges & trading on South Korea and Japan.

And there were thousands of fake notices saying that everything was over in both countries, of course that the nocoinners will always try to take off bitcoin from the road.

Anyway, everything is good right now, and the price is finally going up again, $15,6k and it is still going up like a rally.

You will get used to that   

This is normal December is the harvest season all are just want their cash to use for the coming holiday season, expect another high 1st quarter next year and drop on the middle year (probably)

December 28th news, according to the trading platform AEX quoted prices, bitcoin prices fast down, the lowest to $14000, down about 9% in the day.

Last week, bitcoin has staged a roller coaster, currency price from about nearly $20000 in December 16th to the highest point in December 22nd fell to $13000 a week, almost cut". The price of bitcoin has rebounded sharply this week after a 30% price plunge last week. On Tuesday, it came back to 16 thousand dollars.

It is understood that the price of bitcoin rose rapidly in the middle of September this year to mid December. At the beginning of November bitcoin maintained at around $5000, the last week of November, bitcoin prices rose over 40% dollars, the price not only broke through the $10 thousand mark, continue to rise to $15 thousand in December, to $20 thousand in currency price impact.

But last week, bitcoin had an inflection point. After the 20 thousand dollar pass on December 17th, the market turned sharply, and the single day in December 22nd fell by more than 20%.

Overseas platform data show that on Friday, 24 hours of bitcoin prices fell from $16000 to $11000, part of the platform fell to $10400, compared with a peak of $twenty thousand in December 17th, bitcoin prices almost halved, 24 hours of bitcoin $100 billion market value evaporated. This number exceeds the market value of Goldman Sachs and Morgan Stanley.

This article is reprinted, Digital asset transactions have high risks. Stay cautious and invest in your

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