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How would a bitcoin crash affect other crypto currencies


how would a bitcoin crash affect other crypto currencies

it is expected that all other crypto currencies would follow suit. Reply With", thanks :08 PM #2, bitcoin is a crypto currency that was created in 2009 to serve as a more non centralised platform for enhancing exchange. Uncertainty over regulation, concerns over price manipulation and market sentiment all weigh on cryptocurrency. If bitcoin continues to fall and rise in an unprecedented manner then many industries will loose trust in it and would rather resort to any other online money whose value fluctuates with the normal currencies. There was never in time past a similar crypto currency that has such acceptability as bitcoin.

How would a bitcoin crash affect other crypto currencies
how would a bitcoin crash affect other crypto currencies

Brc bitcoin, Is bitcoin taxable,

Why wouldnt this lead to a bitcoin crash? The question we are trying to answer here. Mining requires a lot of electrical energy to run the supercomputers. If the network stabilizes, it will diminish profits and make it unprofitable to mine especially for individuals. September 2, 2017 September 15, 2017, -40, 14 Days Bitcoin experienced a crash of nearly 40 after climbing near to a price bitcoin echtzeitlurs of 5000 per bitcoin right at the beginning of September 2017. May 25, 2017 May 27, 2017, -33, 3 Day After hitting a new price benchmark of 2760 per bitcoin, the cryptocurrency underwent a correction. A sudden plunge was observed in the prices after they fell from.25 straight.50 in a matter of few minutes. So a great technology for today world.

how would a bitcoin crash affect other crypto currencies


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