This could help if it becomes mainstream.
"A great city is not to be confounded with a populous one." - Aristotle
The value of a bitcoin is now $3.4k
So $700 billion loss in market capitalisation this year. That gotta hurt someone.According to CoinDesk data, bitcoin has now erased the largest portion of its October, November and December 2017 bull run gains and is effectively down 84.28 percent from its all time highs of $19,781.Further, bitcoin is now down 64 percent year-over-year, having dropped hard from each successive lower highs.
The cryptocurrency isn’t the only major network feeling the pain as Ethereum’s ether cryptocurrency, Stellar’s XLM token and bitcoin cash each fell between 11-15 percent and show technical signs of not letting up anytime soon.
Total market capitalization of all cryptocurrencies fell sharply as well, wiping away another $11.5 billion to stand at $110.6 billion on the day, a far cry from $813 billion seen on Jan. 8, CoinMarketCap data shows.
Some investors are going to have a grim Christmas, thinking especially of a lot of samll investors in South Korea who invested heavily last autumn.
Then again do South Koreans do Christmas?
Some analyst's expect Bitcoin to hit $1500 by year end, then again no one has a bogs notion where it will go.
Is words of our greatest ever journalist is it time for the "the smart ballsy guys" to start buying?
"If you are neutral in situations of injustice, you have chosen the side of the oppressor", Desmond Tutu