Attention!! BTC Broke 13k LEVELS JUST NOW and looking for more DUMP !steemCreated with Sketch.

in cryptocurrency •  7 years ago 

BTC UPDATE :- BTC Broke 13k LEVELS JUST NOW and looking for more DUMP !

it is not a good sign ! :confused:

there is no reason for BTC going down !

As said above that it should not go down below 11k Level !

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cryptocurrency
7 years ago by

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      ·  7 years ago 

    Hi @pirates74 I see you are using 100% power up option. You might not want to do that. I wrote a detailed post explaining why, you should read it.
    DON'T USE 100% POWER UP - You Will Lose a Lot of Money
    thank me later ;)

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        ·  7 years ago 

      well if you take a look at the rising transaction costs of bitcoin and the price of bitcoin, they are highly correlated. The price of Bitcoin will continue to go down, if the transaction costs decrease.

      Transaction costs of Bitcoin

      Price of Bitcoin

      Bitcoin can go well below 11k if its transactions costs go below 100. Just because its Bitcoin it doesn't mean it can't experience a major hit.

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          ·  7 years ago 

        nice point but just be careful ^-

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            ·  7 years ago 

          I would pay really close attention to the transaction costs of Bitcoin, the same thing happened in 2011-2013. Bitcoins transaction costs ran up and so did its price. After that transactions costs fell to nearly $7 and the price of Bitcoin tanked by over 90%. You can check this out for yourself on blockchain.info and see that the driving factor behind Bitcoins price has a lot to do with its transaction costs. Now, if the transaction costs continue to increase so will the price

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            [-]
              ·  7 years ago 

            which platform u use?

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              [-]
                ·  7 years ago 

              I use bittrex

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