Korea Stock Exchange Caused Bitcoin Price Drop

Bitcoin plummeted despite analysts" positive forecasts. Liquid digital assets September 30, 2019 decreased in value. Forex Club experts noted that the course in Venezuela was not even positively affected by the course. The country decided to fill its reserves with Bitcoin and Ethereum. Over the past 24 hours, the MTC quotes fell by 6%.

Depreciation of bitcoin

On the 30th there was another depreciation of the military-technical cooperation. Today"s cryptocurrency indicators: market capitalization of $ 141.4 billion, the volume of transactions over the past 24 hours has been completed in the amount of $ 14.1 billion. The value of the currency amounted to 7875 dollars per token.

In addition to Bitcoin, other well-known virtual money declined in price:

• Ethereum.
• Altcoin.
• Monero.
• Dash.

Analysts are convinced that the value of Bitcoin will decrease and will reach about $ 7,500- $ 7,700. According to statistics for 7 days, token owners lost more than 40 billion USD. MTC pulled along with other assets. Their fall amounted to about 3 percent.

BTC exchange rate could drop to $ 6,000

Tom Lee notes that now it’s possible to order Bitcoin at a low cost, but the rate will still fall. The founder of the analytical company said that Bitcoin is passing another bottom and whether it will be able to cope with the fall is unknown.

However, participants in the crypto community say that the decrease in the exchange rate of military-technical cooperation does not give rise to real panic. Analysts understand that quotes may fall even lower. A possible drop to 6 thousand dollars per coin.

Expert Chris Giancarlo emphasized that Bitcoin is the currency of the future, but it will not be able to compete with USD. Its introduction into everyday life in some countries is possible, but people will still prefer stable paper money.

If the rate drops to $ 7,000, you should expect an uncontrolled drop in the military-technical cooperation. Now it is necessary to invest in tokens in order to speculatively increase quotes and prevent the platform from collapsing.

The following factors influence the course:

• Investors.
• The demand for military-technical cooperation as a means for processing transactions.
• Political events.
• Demand.

The fall in quotes is usually associated with the difficulties of cryptocurrency mining, with the existence of significant problems with the algorithms, the protection of blocks and personal data of users, and hacker attacks.

Why did Bitcoin start to fall?

Buying Bitcoin cheaply now is due to various factors. Analysts are convinced that the decline in the value of coins is associated with negative news from the world of cryptocurrencies. Many emphasize that the cost has fallen due to the hacking of a large crypto exchange in South Korea. Some experts argue that the situation worsened after an interview with Hikmet Ersek. He said that the service will not introduce ideas to provide customers with the possibility of processing transfers in tokens.

Fluctuations can be associated with the work of different services, which have worsened security measures and computing power of the network. Analysts say that the currency has a future, just now it is going through a difficult period after a long rise in value.

In 2020, in France, many branded companies will begin to cooperate with Bitcoin. They will accept tokens as payment for goods and services.

They want to work with the PTS: Intersport, Norauto, Decatlon, Foot Locker.

A special system will convert the crypto into euros. Transactions will take no more than 2-3 seconds. Trading networks are ready to cooperate with Bitcoin and offer customers a new payment method.

Is it worth it to invest in a military-technical cooperation, which is constantly falling?

Although the price of Bitcoin is falling, many investors are interested in this token and are ready to invest material resources in it. Large companies have an impact on the exchange rate. They can speculate on quotes. The media every day discusses the appropriateness of deposits in cryptocurrency. Experts say that the military-technical cooperation is a promising crypt and that money needs to be invested in it. Others say that the rate will fall, so it’s dangerous to buy tokens.

Nobody can say unequivocally whether to buy coins or not. Responsibility for the decision should be taken by the trader. It is worth exploring the market, getting acquainted with the forecasts of experts in order to understand whether the value of cryptocurrency will rise.

If shortcomings are eliminated in the sector and positive events occur, the course will grow and will soon return to its former position. Even if a decline occurs, sooner or later the course will still begin to move up.

Bitcoin can rise to 100 thousand dollars, but when will this happen?

The main advantage of the crypto is that each Bitcoin exchanger offers to purchase or exchange for another currency. This means that the token is in demand and popular. Investors, firms, miners, and the press know about MTC. Many coin trading companies have been created.

Production is becoming more complicated and more expensive, so the price can go up to one hundred thousand dollars. The fewer coins left in use, the higher their value. PTS is considered a safe crypt in some countries. Zimbabwe and Venezuela use tokens to pay for goods and services.

In Canada, loans are issued in Bitcoins. They are popular because of low interest rates, simplified requirements for borrowers, and simple transaction processing. It will be possible to get a loan in virtual coins at international sites. The services are easy to use. Bitbond is a German site that has been operating for over 8 years. He gives out loans in tokens.

BTCpop provides loans to private investors in the crypt. Coins can be issued to individuals and legal entities. The site has established the "rules of the game", conducts verification and offers an expanded range of services.

Bitcoin will grow, but it"s a matter of time. After a long increase in value, course corrections almost always occur and a recession is possible. Analysts add that investors should be aware of the risks they take when purchasing tokens.