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Bit news of the day is Bitcoin drop by bradleyarrow

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· @bradleyarrow ·
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Bit news of the day is Bitcoin drop
Morning all,

![bitcoing.jpeg](https://cdn.steemitimages.com/DQmSCuUvhaQ5F39efjK7vqDChBSrvZknxSf9oY4aHVb5abs/bitcoing.jpeg)

The news fromt the last 24 hours is the drop in #Bitcoin. As I type it is $7,492.94 USD (-6.67%). I read a great article last night about where some analysists think it is going. And most agree that the future is bright and UP bitcoin will rise.

Bitcoin just hit the 18 million coin mark out of a cap of 21 million, that only leaves 3 million left to mine. But did you know with halving it will take another 120 years to get there! Trading volume is way up. People trading futures have doubled there bets on a rise, bitcoin will half in a few months, meaning get twice as hard to mine.

Everything I have read indicates that a rise is coming. When is the big question.

And as always when Bitcoin drops other crypto follow as did our #steem. It is at $0.124725 USD (-6.45%)
0.00001668 BTC (0.33%) slightly up against bitcoin. As bitcoin recovers in the future so will steem.

A big highlight was #CTP token: Up 317.80%. 

After yesterdays blog post and the feed back I got it is great to be able to put our a positive spin on my post this morning with what is going on in the markets.

Have a great day.

Join me on CTP (https://clicktrackprofit.com/bradleysfi)
Join me on HitConnect (https://hitsconnect.com/?rid=47660)

Bradley
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@ianballantine ·
Thanks for sharing Bradley. I agree with Zoltan, Bit will go up over time, and other crypto will most likely follow that lead. Basic economics apply here; if you did Economics 101 at uni: scarcity will create demand and fuel the bulls.

February 2020, if not a little sooner, will see fund managers back from their YE break, all cashed up ex-tax lodgements. I'm focussing on accumulation until at least then.

Recent calls by the IMF and other global institutions for governments to adopt crypto will only add more fuel. Bring on 2020!

I'm not a financial adviser so please, fellow steemians, seek independent financial advice if you want to invest in anything, especially crypto.
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@ph1102 ·
I'm really not worried about the BTC price for a long term... It will go up, and that's it... :) 
Only when I want to convert the part of BTC (aka pay myself) I'm getting a little bit nervous when it drops right before my withdraw :)

Glad that you are on the positive side... Cheers!
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@thisisawesome ·
Nice update @bradleyarrow, and a really great recover for CTP, the news about the coming IPN must have leaked, I wonder who 😹, too bad that Steem is still falling, but since so many people buy it with Bitcoin it's bound to happen, and BTC needs to solve it's scalability to get going, keep up your great work and stay awesome.
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