The price of bitcoin and several hundred other cryptocurrencies are suffering from the largest drop in value in well over a year. 2017 turned out to be a phenomenal run the entire year but after the new year, things started looking quite bearish. BTC’s value, in particular, is hovering just above the $8,000 zone at the time of writing and at that global average some miners are mining bitcoin at break-even costs or even running operations at a loss. There are many reasons involved with the loss of BTC mining revenue besides the drop in value. Fees have dropped per transaction as well which is another form of revenue for miners.
Bitcoin price went below $9,000, taking Top 20 altcoins down and cryptocurrency market capitalization to $320 billion. Most of coins have already bounced back. The market fall comes after the US officials stated that the CC market is a bubble.
Meanwhile, most people still don't believe in bitcoin, because they don't know or don't understand how it works until they see the real success or money
Actually,people 'not believe bitcoin' for some reason. the first, they are afraid of losing their money with fake investments; second, they are afraid of wasting their time in vain; third, they do not understand technology. There’s a reason why people can't believe bitcoin because of others are use it for scamming and there other you must learn proper English if you want to ecourage a person to join in bitcoin, if you cannot practice your English spoken or speaking person that person you encourage not believing and think it is scam this why bitcoin have some report that’s all.
