As 2017 ended, Bitcoin brought us more headlines in a breakthrough year for the cryptocurrency, writes Matthew Morris, director at Carr Consulting & Communications.
It 'crashed' before recovering again and, at the start of January was percolating around the £11,000 per Bitcoin level. In 2018 there will be many more spikes and crashes because those well-used investment terms, applied to cryptocurrency, tend to lose their meaning in this new world of digital money. If we define a crash as a fall of 30% or more, Bitcoin crashed five times in 2017 and, on each of the previous four occasions, recovered and rose well above its pre-crash levels. Bitcoin continues to decline into 2018 With something this volatile and new (its white paper was only p...
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