The Fall of Bitcoin? / myLot

September 15, 2017 8:05am CST

Because of China shutting down operations of ICO or initial coin offerings, the value of alt coins have fell tragically. Bitcoin, the forerunner of cryptocurrencies, almost reached $5000 just weeks ago,and now it's almost $3000 and could go lower still. I'm kind of concerned with this because I have invested money in both trading and mining of this, and this happening is hurting my business and the money coming in. I am not that troubled though because the fall is not because of the system failing. I hope the price recover soon though. Any altcoins investors here? What are our thoughts on this?

5 people like this

6 responses

fishtiger58

@fishtiger58 (29823)

• Momence, Illinois

15 Sep 17

No I don't invest in that, I barely understand what bitcoin is.

2 people like this

SirenOnFire

@JeeyanDee (2692)

•

15 Sep 17

Really? But you have heard of it before right?

2 people like this

fishtiger58

@fishtiger58 (29823)

• Momence, Illinois

15 Sep 17

@JeeyanDee I have heard of it but don't really understand it.

2 people like this

SirenOnFire

@JeeyanDee (2692)

•

15 Sep 17

@fishtiger58 The idea of it is ind of hard to grasp if you don't make an effort of really reading and researching about it.

2 people like this

Show more comments

@moneychaser (813)

• Baguio, Philippines

15 Sep 17

This is the best time to buy bitcoins. Surely, the price will rise soon.

2 people like this

SirenOnFire

@JeeyanDee (2692)

•

15 Sep 17

I surely hope so too.

1 person likes this

Pinay Ako

@AkoPinay (11544)

• Philippines

16 Sep 17

I have no worries because I only invest small amounts. And it happened already before, remember when Bitcoin price reached $1,200 then fall to... I am not sure LOL but it was $200 plus when I started with Bitcoin in 2015. Then price rose up again.