Why Bitcoin Drops from $7,200 to $6,200 today (11 Nov. 2017)?

There are four popular news spread like wildfire which affects why Bitcoin Drops from $7,200 to $6,200 today? and lost it's value of about $1,000 in one day here are the following reasons;

1. The US National Treasury Secretary Mnuchin yesterday gave his comments that they are carefully looking for Bitcoin and this digital must be regulated very soon because of the fear that this kind of crypto-currency will use by a criminals and terrorists for wrong motives. He added that he already formed a group that will look into this matter. But according to interview of John Mc Appe that he said no one can stop bitcoin and even government because this is a digital money that you can't hold or grip and how you will ceased this one is like that government want to stop the internet or world wide web which already been used by the people through peer to peer.

2. According to Influential man Prince of Saudi Arabia Prince Talal, Bitcoin will not succeed and will put to an end because this type of currency is not regulated by government and has no value in it and it will put to halt. The same rebuttal by John  McAppe that bitcoin is a like digital force that controls by the people and for the people and even any government can't stop this kind of force because it's spread already through the internet unless you have power to stop the internet. Prince Talal was made mistakes that he did not able to use bitcon to preserve his wealth and assets because he was detected by Saudi Central Bank and KSA government for laundering billions of money out of the KSA country and now he was already arrested by the KSA government and put to jail.

3. Millions of investors are waiting today for the segwit2x as another pork to be launched but it was put on hold with no reasons at all but i believed bitcoin management has limit their pork for bitcoin cash and bitcoin gold. So the investors especially Asia's Billionaires flood their billions in Bitcoincash and bitcoin gold for time being they leave their support of original bitcoin and that is why bitcoin has plummeted to $6,200 but i believe it will return again to $7,500 and if it will go up it will skyrocket to $10,000 which means if Bitcoin reached $10,000 eventually will continue to predictions up to $20,000 on first quarter of 2018.

4. Lastly here's the report below which i believed that investors affected most of the comments of New York University Professor.

‘Dr. Doom’ Roubini Says Bitcoin is a ‘Gigantic Speculative Bubble’ that Will End

An influential American economist who predicted the 2008 financial crisis is now claiming that bitcoin is a ‘gigantic speculative bubble’ and that it will eventually come to an end.

Nouriel Roubini, an economics professor at New York University’s Stern School of Business, spoke withBusiness Insider Poland during a visit to the country at the invitation of Bank Pekao. During the interview, Roubini, who has gained the nickname ‘Dr. Doom,’ expressed his views on the crypto market, in particular bitcoin.

According to Roubini, bitcoin isn’t a ‘serious method of payment’ or ‘a good way to store capital.’

He said:

I think that more and more countries will start to make cryptocurrency exchanges illegal like China did. New regulations will be adopted. So, this will find its end.

While he states that the digital currency is a ‘gigantic speculative bubble,’ he believes that the blockchain will bring about positive changes, adding:

Blockchain creates an enormous chance to increase productivity in many companies and I think the technology to be something very good.

His comments come at a time when bitcoin has been experiencing a surge in value in recent weeks. Just yesterday, at the news of BitGo CEO Mike Belshe announcing the end of SegWit2x on the SegWit2x Mailing List, bitcoin’s value surged to $7,800, achieving yet another all-time high.

However, shortly thereafter, the currency’s value plummeted to below $7,000 to $6,977 as the market reacted to the news. As a result, further market volatility is expected as the impact of the SegWit2x cancellation unfolds.

No doubt reports of bitcoin’s value dropping nearly $1,000 will add fuel to many critics against the digital currency.

Roubini’s comments follow the likes of Jamie Dimon, JPMorgan Chase CEO, who called bitcoin ‘a fraud,’ later adding that it was ‘worth nothing.’ Billionaire investor and Saudi Prince Alwaleed bin Talal, who wasarrested earlier this month for money laundering, bribery, and extortion, has also added his voice to the critics list. In late October he said that bitcoin is ‘going to implode‘ due to a lack of regulatory supervision.

Since the cancellation of SegWit2x, bitcoin’s price has recovered slightly. At the time of publishing it was trading at over $7,200 with a market cap of $120.3 billion, according to CoinMarketCap. It remains to be seen how market prices will change over the next few days and where it will go from here.

References:

1. https://www.cryptocoinsnews.com/bitcoin-bashing-saudi-prince-alwaleed-arrested-money-laundering/

2. https://www.cryptocoinsnews.com/were-looking-very-carefully-at-bitcoin-u-s-treasury-sec-mnuchin/

3. https://www.cryptocoinsnews.com/dr-doom-roubini-says-bitcoin-gigantic-speculative-bubble-will-end/

===============================================================================

MY MOST RECOMMENDED INVESTMETN PLATFORMS;

1) Forsage is 1st Decentralized Blockchain built in Smart Ethereum Contract and has been in Online Crypto Space about 124 days since inception last 6 Feb. 2020 up to this Writing (11 June 2020) has produced outstanding results below; (But Note in the Philippines only 65 Days  from 6 April to 11 June 2020 we reached 20,000 Members).

224,685 PARTICIPANTS GLOBALLY

+5,551 JOINED EVERY 24 HOURS

154,897 EARNED ETHEREUM TOKENS

$37.66 M USD PAID-OUT

Forsage is Decentralized Global Paluwagan designed in Smart Ethereum Contract. In Decentralized Application System or Dapps there is no CEO, No Admin, No Third Party and No Human being involvement to scam our Ethereum token capital. Once the program is deployed in Smart Ethereum Contract in Gethub you can't get back the system or alter it but you can add the script to improve and innovate. Likewise, once you joined Forsage, your Ethereum capital will place in X3 and X4 Matrix or Cycle Program and once the cycle is completed you'll earn double of you capital in X3 Matrix/Cycle and triple of your capital in X4 Matrix/Cycle. Total 5X of your Capital in the form of Ethereum Tokens.

WHAT I LIKE MOST IN FORSAGE YOU FUND ONLY ONCE YOUR SLOT NUMBER AND YOU CAN EARN LIFETIME PROFITS EVERY TIME YOUR SLOT IS CYCLED FOR X3 AND X4 CYLCES. SO THIS IS UNLIMITED INCOME WITH ONE TIME FUNDING AND THIS IS POWERFUL COMPENSATION SYSTEM THAT NO BODY DESIGN EXCEPT LADO OKHOTNIKOB (RUSSIAN PROGRAMMER) WHO BELIEVED THAT HE IS A RELATIVE OF VITALIK BUTERIN IN MOTHER SIDE (RUSSIAN PROGRAMMER ALSO WHO FOUNDED AND DEVELOPED ETHEREUM TOKEN (RANK 2 OUT OF 5,500 CRYPTOCURRENCIES IN COIMARKETCAP NEXT TO BITCOIN)

Don't passed up this opportunity and take massive action NOW!

You can start your initial capital to finance Slot #1 to Slot #3.

Slot #1: 0.025 Eth

Slot #2: 0.05 Eth

Slot #3: 0.10 Eth

Total = 0.175 Eth for X3 Matrix/Cycle

Slot #1: 0.025 Eth

Slot #2: 0.05 Eth

Slot #3: 0.10 Eth

Total = 0.175 Eth for X4 Matrix/Cycle

Total Initial capital: 0.175 Eth x 2 = 0.35 Eth x $237= $93 + $15 Gas fee + $15 Blockchain fee= $120 or P6,000

How To Register in Forsage?

1) Using Android Phone. Download MyTrust Wallet who owned by Binance from google playstore watch this video presented by my upline. https://www.facebook.com/watch/?v=1125965491092002. After registered in your Trust wallet you must deposit minimum of 0.065 ETH before clicking my link: https://forsage.io/i/gq1pxa/ Use my ID #75780 as your sponsor to confirm during your registration process..

2) Using Loptop or Desktop: Download Meta Mask: https://metamask.io/download.html and add to your google add extension. After adding to google extension click there and create your my ether wallet address account #1 up to infinity myether wallet accounts if you wish to register your wife, children and friends who have no loptop or desktop you can use account 2, 3, 4 etc.. this you can create more ether wallet and don't forget to always save the private key for each account and after funding of 0.065 Eth you can now register here in my link.https://forsage.io/i/gq1pxa/ Use my ID No. 75780 as your sponsor.

Forsage 5 Min.Video Presentation: http://tiny.cc/forsage5mvideo

Founder and Developer of Forsage Q and A: https://youtu.be/W9-pJEGE7uk

Founder and Developer Lado Okhotnikob:

https://www.facebook.com/lado.okhotnikov

Join with us at Forsage International Eagles' Team: https://www.facebook.com/groups/257364015593059/

2) XOXO NETWORK:

Is the #2 100% Decentralized Ethereum Blockchain designed in Smart Contract. XOXO is a single straight matrix where you can refer only one people and you are done.

There are 7 Pools to join and fund each pool

using ethereum token;

Those you refer will also refer one and you are done. RefLink: https://xoxonetwork.io/register?id=11958

Note: What i'd like most in Xoxo Network if you refer two friends only your 100% capital will be returned to you and you keep earnings every cycle with one time funding only.

3) 3XCapital (Today is Pre-Launching and will normally launching on 4 July 2020) Earn 1.87% daily including Saturday and Sunday. And make your capital grows up to 300% after 160 calendar days without referral. The group of Professional Elite Traders are trading your capital using Ai-Robot and Manual Trading: https://bit.ly/3xcapital7

Interviewed by my Direct Upline Cryptodon with the 3XCapital Founder and CEO Dev Leon: https://youtu.be/DrJLAZG_X_k

Join XCapital Dev Leon at DEV in discord https://discord.gg/P5GHRms

4) Hashing Ad Space (Note: Many Fil-Am became Milllionaires already because of holding their Asimi Token Value, Asimi token is used by Hashing Ads Space when you buy ads or stake): Buy $100 Asimi Token from waves.exchange and Use for Log-in Minting/Staking and my investment grows 15% already or if you have no capital you can still join and earn asimi tokens by watching 50 ads per day: https://tiny.cc/hashingads7

Follow us in youtube channel: https://tiny.cc/youtubebeyondtrading

Follow us in Binance Philippine Team:

https://tiny.cc/binancephilippines and get 50% discount of all your trading transaction fees: https://tiny.cc/bnb50discount

For Pinoy need locat bitcoin btc wallet: http://tiny.cc/coinsph7

For Foreigners international bitcoin btc wallet: http://tiny.cc/coinbase7 or http://tiny.cc/coinpayments7

No capital? No Problem you can join here to collect your Free Airdrop coins and change it for money later after ico or ieo:

1) Free 750 Ecoins: https://tiny.cc/ecoin7

2) Free 3,600 bitcoinblack: https://bit.ly/btcblack7

Collect Free Bitcoin at Free Faucets:

1) Free coinpot, btc and altcoins: https://tiny.cc/coinpot7

2) Free cointiply coins and bitcoin: https://tiny.cc/cointiply7

3) Google chrome browser is not paying you try to download cryptotab browser while browsing you earn free bitcoin: https://tiny.cc/cryptotab7

4) Mobile Mining without affecting your wifi data and no battery drain pi network: http://tiny.cc/pinetwork7

Facebook, Twitter and Instagram are not paying you but in Minds Channel Social Media is paying you when you post, chat, share and comments and you'll received free minds token equivalent to $015 or P7.50 per token and you can change at Mainet Etherium or use to boast your ads. http://tiny.cc/minds7

Thank you for Trusting me!

Coach Rolly D. Custodio

Professional Elite Trader

World's Rank#53rd & #100th - 2019 BSAI & 2020 Binance World Spot & Futures Trading Tournament- (Participated by 10K and 25K Global Traders respectively)

Founder and Developer - 3 Up-scaling Trading Strategy

Average Winning Rate: 80% to 95%

Monthly Consolidation Profit: 20% to 60% (24 months straight)

#minds #forsage #forsageintleaglesteam #cryptopinoy #beyondtrading