Loading...
Home 2018-04-02T10:59:35+00:00

Bitcoin Value Falls: Bitcoin is Below $6000 – The Lowest Value Since November

Did you hear the latest Bitcoin news? Bitcoin value is below $6000 which is the lowest value since November. Read this article and find out more!

The virtual currency fell as low as around $5900 which is by now the lowest value since mid-November, according to Bitstamp Exchange.
In 2017, Bitcoin started the year at around $1000 and in December its value increased reaching $20.000. However, 2018 is completely different. It has tumbled quite sharply, going below $8000 and suddenly all investors are worried. Is this how it’s gonna be this year?
In the UK, Theresa May has announced that Britain should definitely take a serious look at Bitcoin and other cryptocurrencies as of the way they can be used by hackers and criminals.
Virgin Money and Lloyds Banking Group have banned people from using their credit cards to purchase Bitcoin, Ethereum, Litecon, and other cryptocurrencies. According to Lloyds, it had been taken specific action on fears that some credit card users are gambling on making extra profits and they are not considering the fact that they will be burdened with debt if the Bitcoin value or price suddenly falls.
Customers will be able to purchase digital currencies with credit or debit cards, the banking group announced. Virgin Money confirmed they have taken the same stance.
A lot of people are asking the same question – Is this the bitter end for the most popular crypto coin in the world? Well, we hope not. According to the experts, you need to be prepared for these kinds of things as this is how things function in the crypto world. The value of Bitcoins and other cryptocurrencies is going up and down and there is nothing you can do about it.
At the height of last year’s craze, in December, the most reasonable experts and crypto-watches could agree and come to a decision that the price was so-called overheated and there was only one road for it to go in the future. However, at the end of the day. The longer-term increase of Bitcoin is just anyone’s guess.
GET IN TOUCH
Cryptocurrency maniacs expecting the value to bounce back, but we have to wait and see what the future has for us. You probably are wondering what is causing the growth or in this case the slide?
The truth is that no one can be blamed for Bitcoin current downturn, however, recent changes around a subpoena for Bitfinex and issues around Tether (a type of cryptocurrency counterpart to America dollar that actually matches the dollar one to one). There is also news that Facebook and Instagram would ban ads for Bitcoin and other crypto coins. It seems like everyone is taking a side here and these decisions impact Bitcoin and its value.
Bitcoin, Ethereum, and Litecoin price, and other popular cryptocurrency have also looked less responsive to good news in January this year when compared to the news during December and 2017 Bitcoin madness.
It will be really interesting to see what is going to happen next. There are a lot of speculations and predictions when it comes to Bitcoin and Bitcoin value, but no one knows to tell for sure. For now, we can base our decisions on certain speculations and expert knowledge, but we have to wait and see what will happen in March or later this year.
What do you think? Is Bitcoin value going to go up or down? What kind of factors impact Bitcoin price? Will you invest in Bitcoin this year? Don’t hesitate to share your opinion with us.