Bitcoin, as a market trading investment target that trades around the clock for 7*24 hours, has surpassed 100 exchanges in the world, and it is difficult for us to predict its rise and fall, just as we can't predict the rise and fall of stocks.
The latest drop in bitcoin was due to news in the market that South Korea would close the exchange, which triggered a panic in the market, leading to a drop in bitcoin prices, which fell by more than $65,438 +0.500 pounds that day. This is very similar to our China government's closure of domestic exchanges in early September, which triggered a market crash.
We can't predict the rise and fall of Bitcoin in the short term, so it fluctuates with the market and cannot be predicted. But in the long run, due to the limited amount of bitcoin, the cost of mining is getting higher and higher, and all information is open and transparent. More importantly, there are already many practical scenarios in the world where bitcoin can be used for transaction payment, so with more and more people using bitcoin, the value of bitcoin will gradually be reflected, and the price of bitcoin will also rise steadily.
Bitcoin is a new Internet asset with great investment value, which deserves your high attention.
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