Need bigger exchanges
Bitcoin is going downhill. Having more exchangers would cause people to dump faster to turn coins to fiat
Bitcoin Going Downhill PMSFL that's a Laugh & a Half, is that by you looking at the Exchange rate for a couple days.....
Bitcoin is a Rollercoaster ride, It was going for just under $600 AUD Last week and a few days ago was at $725 AUD, This is the reason why people say It's Volatile but it stays at its Median Range, We will never see a $100-$300 BTC
EVER Again, Trust Me !
Bitcoin was more or less stable for the last weeks. Now out of the blue a small downtrend that started on Saturday is amplifying .
If you do remember the history of bitcoin , you should know that those kind of downtrends that start for no reasons at all persist until there are good news (really good) or huge volume coming out of nowhere in the exchanges. But , lately... those things are not that likely any more .Huge amounts of coins and cash lost , credibility of exchanges down the drain. Investors are starting to use off market buying and so on...
I might be wrong , and that might happen seconds after I type this , but the situation isn't going to change to soon.
Without this , the downtrend will continue. And in this situation even 10% of a loss is cutting in the profits of altcoin like hell.
Besides , all the alt are suffering even more than bitcoin and this is just increasing the fear.
