Last year, BITCOIN hit its record high of $19,783.21 on December 17, 2017. we all know that Bitcoin's Value So Volatile and tends the price to go UP and go DOWN. Every Bitcoin Holder Expect that the price of Bitcoin will continue to go up this year, but sh*t always happens. the Price goes down and keeps going down until it reaches almost $3,000 but still some EXPERTS(they say) that BITCOIN will reach $20,000 or more by the end of 2018. we have 13 days before the year ends and bitcoin price still crawling in the ground BUT NOT DEAD!.
I hate to say this but... YEAH, bitcoin is DEAD... for NOW!
Ever since its inception by Satoshi Nakamoto in 2009, Bitcoin has had its ups and downs. In 2011, Bitcoin dropped to $2.00 after reaching $31 a few months before. In 2013, when Bitcoin reached $1,000, it plummeted to $300.
So, it only makes sense that when Bitcoin reached nearly $20,000, it dropped back down.
Does that mean Bitcoin will rise again?
Unfortunately, there’s no way to tell if it's correct.
BUT Because of the blockchain, Bitcoin will not be DEAD.
Miguel Cuneta writes:
“The Blockchain doesn’t care. There is no plug to pull. It has no feelings. But every ten minutes, it takes a step forward. Every ten minutes, it increases its value and the strength of its network. No person or institution can stop this.”
So, Bitcoin will continue living on, I believe that Bitcoin may die over and over again, but can and will still, recover. Over and over again, and it might even increase in value.
