The decentralized currency and the associated transaction system operate on the basis of an open book that records lists of transactions, called blocks, linked together to avoid manipulation, hence the name of the blockchain. The "blocks" produced every ten minutes have a maximum size of 1 megabyte. Unfortunately, during some hours of high activity these blocks have reached levels close to this maximum size.
The acceptance of technology is making its way into several industries beyond even finance and banking. For all that, Bitcoin as a world currency, digital, decentralized, without authority still has a long way to go.
Topic: What cause BTC Crash? (Read 158 times)
Cool story brah.
What caused the crash:
• FUD
Negative press has a big role to play in the way the market moves. When FUD starts flooding the media, the price usually takes a dive. Bitcoins is the new, unprecedented financial instrument and investors in this hitherto untested asset are quick to pull the trigger and get out. https://[Suspicious link removed]/xZGx9g
• Government crackdown
As several countries, notably China and South Korea, target a crackdown. The Korean crackdown was a paper tiger and debunked by the countries highest authority, but bad news leaves its mark on such a speculative market. https://[Suspicious link removed]/EeuW8U
Also, the Indian finance minister’s crypto regulation-related comments in a budget speech that accelerated losses. https://[Suspicious link removed]/V8JWCV
• Correction?
Some experts think that a correction was bound to happen. https://[Suspicious link removed]/EhCqWs
“The space was ripe for a correction after the craziness of the end of 2017,” Catalini, an assistant professor of technological innovation at the MIT Sloan School of Management said.
• FUD
Negative press has a big role to play in the way the market moves. When FUD starts flooding the media, the price usually takes a dive. Bitcoins is the new, unprecedented financial instrument and investors in this hitherto untested asset are quick to pull the trigger and get out. https://[Suspicious link removed]/xZGx9g
• Government crackdown
As several countries, notably China and South Korea, target a crackdown. The Korean crackdown was a paper tiger and debunked by the countries highest authority, but bad news leaves its mark on such a speculative market. https://[Suspicious link removed]/EeuW8U
Also, the Indian finance minister’s crypto regulation-related comments in a budget speech that accelerated losses. https://[Suspicious link removed]/V8JWCV
• Correction?
Some experts think that a correction was bound to happen. https://[Suspicious link removed]/EhCqWs
“The space was ripe for a correction after the craziness of the end of 2017,” Catalini, an assistant professor of technological innovation at the MIT Sloan School of Management said.
Jump to: