Bitcoin has Huge Value; the Downfall is Temporary - Crypto Expert Claims

Bitcoin falls further below $4 000; crypto continues plunge

Litecoin [LTC] is now leading gains among the top 10 coins. "And after that, we will go back to new highs - to $20,000 or more", Novogratz told Financial Times in an interview in November 2018.

Yu said that his mining units are likely to remain in operation, and the machines could possibly "acquire more coins as others have temporarily stopped running their machines".

Hacked reported that the Bitcoin Cash chaos has proved to be "more costly than ever predicted", while the Daily Hold predicted that bitcoin will drop to $3,000 in the aftermath of the Bitcoin Cash split. It can be noticed that the major losers of the top 10 include Bitcoin Cash [BCH], Stellar [XLM] and Cardano [ADA]. Bitcoin is trading at $3,987.7 up by 3.8% on the day, at the time of writing as the market has calmed down after a wild weekend. The coin is being traded the most on the Korean exchange Upbit against KRW with 33% volume. The Stochastic Oscillator period 14 have dipped into the oversold region with the signal lines seems to be pointing to the north which indicates that the bullish movement may be experienced as a pullback. The beginning of last week saw Bitcoin SV trading at as high as $130. By 22nd November, the coin had reached a low point, which is $36. Bitcoin Cash SV [IOU]'s official Twitter account is @BitcoinSVNode. In an interview with Inverse in 2018, Strajnar stated that "the adoption rates are continuing to be quite steady, and adoption rates heavily correlate to the price, so therefore, unless for some reason people just simply stop continuing to adopt Bitcoin, we should see $200,000 per Bitcoin by 1st January 2020 at the latest". Since then, XLM has been continuously struggling to move out of the bearish zone. One LTC is now valued at around 0.00781 BTC.

Bears say quarterback Trubisky has right shoulder injury
Fortunately for the Bears, Nagy believes they didn't utilize everything they had in the game plan. Jernigan, 26, has not played this season after undergoing surgery for a herniated disk in May.

After an epic rally past year that exceeded many of history's most notorious bubbles, cryptocurrencies have become mired in a almost $700 billion rout that shows few signs of abating. The largest coin is down nearly 80% from its all-time high that it achieved at the beginning of the year.

IOHK's Cardano [ADA] has also seen to be in the losers list this week with a crucial depreciation of 32.7%.

"Whether it's market manipulation accusations, a controversial fork, or short-term speculators deciding not to play the long game, this dip will cull the wheat from the chaff and the most important decentralisation projects will continue to survive", he said. ICO projects and miners are selling their proceeds to cover operational expenses, increasing the downside pressure on ETH, while a serious bug revealed by Level K Company is undermining traders' confidence.

Related news:

Hot News

isis-killer-beheading-video-story-top Ukraine President imposes ‘MARTIAL LAW’ after Russian Federation opens fire on ships
Nov 27, 2018 - 06:59
The Ukrainian vessels apparently wanted to travel through the strait to other ports in Ukraine. The Ukrainian navy says Russian ships fired on and seized three of its artillery ships Sunday.

isis-killer-beheading-video-story-top Hundreds of flights canceled as Midwest braces for snowstorm
Nov 27, 2018 - 04:59
The flight-tracking website FlightAware reported that 491 flights headed to or from the USA had been cancelled as of 11 a.m. Temps in the mid 30s falling to the low 30s with winds NNW 10-20 miles per hour gusting to 30 miles per hour at times.

isis-killer-beheading-video-story-top Mexico border WAR: '1,000 migrants rush vehicles' after violent clashes
Nov 27, 2018 - 02:31
He said officials were receiving more requests from migrants wanting to return to their countries, but did not have a number. President Donald Trump took to Twitter Sunday to express his displeasure with the caravans in Mexico .

isis-killer-beheading-video-story-top Interceptions give Bears Thanksgiving win over Lions
Nov 25, 2018 - 12:47
The Detroit Lions will be without two of their best offensive weapons on Thursday when the team's takes on the Chicago Bears . All that work will tucker out even the most talented players, so Cohen made a decision to take a quick power nap.

isis-killer-beheading-video-story-top College Football Rivalry Week
Nov 25, 2018 - 11:58
Texas has now won two games in a row after dropping two straight to Oklahoma State and West Virginia . West Virginia dropped to No. 13 behind Florida and Penn State after losing to Oklahoma State.

isis-killer-beheading-video-story-top China condemns consulate attack, asks Pakistan to ensure citizens' safety
Nov 25, 2018 - 11:38
The three suicide bombers were killed before they were able to enter the facility, the police chief of the city of Karachi said. Prime Minister Imran Khan ordered an inquiry into the incident, according to a statement released by his office.

isis-killer-beheading-video-story-top Prince Harry and Duchess Meghan are moving to Windsor
Nov 25, 2018 - 10:46
In fact, the 10-bedroom home is now undergoing a multimillion-dollar renovation to ready the property for the Duke and Duchess . Harry and Meghan are moving out of Kensington Palace and into the Windsor Estate, where they held their private wedding party.

isis-killer-beheading-video-story-top Clashing with Trump, US government report says climate change will batter economy
Nov 24, 2018 - 12:13
Earlier this week, the United States president appeared to deride the idea of climate change in a tweet about the weather. The report was initially set to be released in December.

isis-killer-beheading-video-story-top Stephen Curry Involved In Multi-Vehicle Crash In Oakland
Nov 24, 2018 - 07:27
Curry has not played in a game for the Warriors since a November 8 loss to the Milwaukee Bucks . He was already set to miss the Warriors game on Friday against the Portland Trail Blazers.

isis-killer-beheading-video-story-top Phil Mickelson beats Tiger Woods on 22nd hole in $9m showdown
Nov 24, 2018 - 07:24
Mickelson was one-up with only two holes to play when Woods kept himself alive in the contest with a sensational birdie. Mickelson said on the 15th hole to Woods that "I'm trying to be more talkative but I'm not on this back nine".

isis-killer-beheading-video-story-top OKC Rookie Hamidou Diallo Suffers Gruesome Injury, NBA Community Rallies in Support
Nov 23, 2018 - 07:16
Thunder coach Billy Donovan was particularly pleased with the performance as it came at the end of a hard three-game road trip. Diallo went up for a rebound with Warriors forward Jonas Jerebko in front of the rim midway through the fourth quarter.

isis-killer-beheading-video-story-top On Thanksgiving Day President Trump Feuds With Justice Roberts
Nov 23, 2018 - 05:05
Trump , who has actively worked in install hundreds of conservative judges since taking office, ripped into Justice Jon S Tiger. Later, in comments to reporters, Trump said troops on the border were authorized to use lethal force if necessary.

isis-killer-beheading-video-story-top ATP Finals: Dazzling Djokovic marches into final
Nov 23, 2018 - 03:25
Djokovic found his range immediately and the writing was on the wall for Anderson when he dropped serve in the opening game. But at the same time I played finals of Bercy and here.

isis-killer-beheading-video-story-top Top Five PlayStation 4 Deals for Black Friday 2018
Nov 23, 2018 - 02:27
During that time, all pre-owned Xbox 360, PlayStation 3, Wii, DS, Wii U, and Vita games will qualify for a buy-two-get-one deal. Games were dropping into the region of £30 or below too, so you might see a few major titles drop that far in 2018.

isis-killer-beheading-video-story-top Snow, rain predicted to fall over Chicago area Sunday after Thanksgiving
Nov 23, 2018 - 01:52
The coldest Thanksgiving on record in New York City was 26 degrees, on November 28, 1901, The Weather Channel points out. Highs on Thursday will be in the teens and 20s, with subzero wind chills across northern New England, including MA .