### HELLO GUYS! One of the biggest subjects is the drop on the value of Bitcoin. I'll try give you more information about the subject. Here it goes! :D <hr> In the last five days, bitcoin lost 25% of its value! After Bitcoin reached the $20.000,00 on 17-12-2017 (Sunday), Bitcoin start drop their value, and now (14:55:51 UTC) their value is about $11.858,30, according to [CoinMarketCap portal](https://coinmarketcap.com/currencies/bitcoin/#charts).  [source](https://pt.freeimages.com/photo/bitcoin-1056983) ### WHY THIS HAPPENED? The high devaluation of Bitcoin was caused by earnings, and the value of virtual currrency could reach $13,000, according Josh Olszewich (Brave New Coin). This should be a normal correction. One of the reason that let Bitcoin drop so much was the fact that Emil Oldenburg stated that bitcoin has no prospect as a commercial currency and has sold all its bitcoins, choosing for bitcoin cash! Additionally, Emil Oldenburg sell every Bitcoin! HOPE YOU ENJOY IT! @criptomaster
| author | criptomaster |
|---|---|
| permlink | reason-behind-bitcoin-value |
| category | bitcoin |
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| created | 2017-12-22 15:11:51 |
| last_update | 2017-12-22 15:14:03 |
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