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BTC regained its value back upto $51K , which is believed to be sustainable and would heal the recent pullback. Experts believe a possible increase of BTC upto $58K in coming days.
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In this series, we take a look at different cryptocurrencies. Today is BITCOIN (BTC): Bitcoin tomorrow. Bitcoin fully explained: Breakouts, success, the view of tomorrow. Current price analysis and possible price predictions. Bitcoin (BTC) price charts, Matthew Stevenson.
Bitcoin's Worst Crash In 7 Yrs: Is It The Time To Buy The Dip?
Bitcoin’s Worst Crash In 7 Yrs: Is It The Time To Buy The Dip?
Bitcoin has a history of volatility but they all pale in comparison to what happened in the last 24 hours. The king coin bowed down to as it lost nearly 40% of its value in recent trading. The last time something similar happened was back in 2013 when bitcoin plummeted by close to 50% in a day. This signifies Bitcoin’s worst crash in its 7 years. Amid all these fears, is it actually the right…
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New Post has been published on Bitcoin:Views
Bitcoin Services – Are they becoming centralized?
14 October 2013 | By CryptoMaster | cryptosource.org
Bitcoin was originally designed by Satoshi Nakamoto with the goal of being decentralized, rather than being centralized by large for-profit institutions such as banks. However, with recent events such as Bitstamp requiring the user’s personal documents and information for Bitcoin withdrawals and bank transfers, people have been asking the same question – are Bitcoin services becoming too centralized?
When Bitstamp started to require account verification for withdrawals, many users decided to sell their accounts for a fraction of the BTC value and quit using Bitstamp as a form of protest. The reasons cited range from possible government confiscation of the documents, which could be used against them in case of Bitcoin being declared illegal, to Bitstamp becoming centralized which will help the governments of the world to control Bitcoin far more easily. Many people believe that this centralization is an extremely bad practice which goes against why Bitcoin was created.
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