your username your password Forgot your password?your email Home Bitcoin price has taken a dive, falling over 15%on Thursday to hit a low of $2,131.2 on Bitstamp.Get exclusive analysis of bitcoin and learn from our trading tutorials. for just $39 now.The price of bitcoin has taken a downward turn, hitting a global average low of $2,195.68 as it stumbles toward its lowest figure in June.Market data from CoinmarketCap reveals a significant sell-off in global markets including the United States, China, Korea, Japan and Europe.The downturn in markets is widespread as the top 40 cryptocurrencies all fell in what resembles a bloodbath.Thursday’s collapse represents one of the sharpest falls for the cryptocurrency in 2017, altogether losing nearly $500 in value.At the time of publishing, bitcoin is trading to the dollar at $2,130 on Bitstamp.Since Sunday’s all-time high of $3,000, bitcoin is down over 40% at its lowest point today.China Becomes First Country in the World to Test a National... June 24, 2017 Altcoin Ripple 13% Surge Gets Investors Forecasting Breakout June 20, 2017 Suddenly, Bitcoin to Be Officially Legal in India June 20, 2017

BitcoinWhy You Shouldn’t Invest in BitcoinKerry CloseAs bitcoin prices dominate headlines, you might be wondering whether you should invest in the popular cryptocurrency.Probably not: It's just too volatile.The virtual currency is known for wild fluctuations in price.The value of one bitcoin—which was created in 2008 by an anonymous programmer or group of programmers—reached its all-time high of $1,165.89 in November 2013 before taking a major dive, according to CoinDesk data.Since then, prices have more or less inched up, and at the turn of the year, they started to approach record highs.On Thursday, the value of a bitcoin reached $1,153.02.However, later Thursday morning, prices suddenly fell by about $200."Liquiditydried up—no shorts, no sellers, which means a volatile little bubble formed quickly," Peter Smith, chief executive of bitcoin wallet Blockchain, told CNBC.Those sudden ups and downs would be bad news for your portfolio.Although bitcoin had a more than 100% return on investment in 2016, it's also five times more volatile than the S&P 500, said Campbell Harvey, a professor of finance at Duke University, who described bitcoin as "an extremely risky investment."Even

if you were to buy bitcoin low and sell high, you still might not see the big payday you're hoping for.ethereum download blockchain"You try to sell it, and by the time the order goes through, the price may have dropped," said Matthew Elbeck, a professor of marketing at Troy University.bitcoin script engine"It's really, really not worth it for the ordinary consumer."Ifbitcoin mining ebayyou do choose to take the plunge and buy a bitcoin, make sure it's a very small part of your diversified portfolio—and that you can afford to lose your investment.cara dapat bitcoin"I would never recommend this on a stand-alone basis," Harvey said.Still, for some people living internationally—like Venezuelans plagued with a shortage of cash and those in China, where the government has restricted movement of capital outside of the country—bitcoin presents an attractive option to get ahold of cash, Harvey said.ethereum solar

Its rising popularity in these countries are part of the reason behind bitcoin's recent surge.Regardless of bitcoin's ups and downs, the technology behind it—particularly the blockchain, the common ledger that the virtual currency uses—could have a long-lasting impact as a medium of exchange.bitcoin banned russiaAs Harvey told MONEY's Taylor Tepper in 2015:For me, though, I look at Bitcoin not just as a currency, but what it could do in the future in other applications.Think of the Bitcoin technology as a way to exchange and verify ownership.It’s like getting into your car with your smartphone.You present cryptographic proof of ownership.You’re the owner, and it’s verified through this common ledger.The car is able to identify that it is your car, and so the car starts.Bitcoin price exhibited a deep dive yesterday to reach a low of around $232 to fall just below the new trend line that we spotted during yesterday’s analysis.

, plotting the 20 hour EMA and extending the trend lines we plotted on the 4 hour charts during yesterday’s analysis (look at the below chart), we can conclude the following: Bitcoin price dropped yesterday from $243 to around $232 during the 12:00 GMT hourly trading session to fall below the new trend line.Earlier before this drop, the price was well below the 20 hour EMA.The long shadows of the candlesticks that followed this drop points to the fact that the new trend line is resisting further price decline.Bitcoin is trading around $236, at the time of writing of this article.The following few hours will reveal whether or not yesterday’s decline was just an overshoot below the new support level., plotting the 20 day EMA and calculating the MACD indicator accordingly (look at the below chart), we can notice that despite yesterday’s decline, bitcoin price is now above the 20 day EMA.The MACD blue line has crossed above the red signal line; however, the value of the MACD indicator is in the negative territory.

If the value of MACD enters the positive territory and the blue MACD line remains above the red signal line during the next few hours, we can see bitcoin price rise again.Conclusion: Bitcoin price suffered a steep decline yesterday to score a low of $232 to drop just below the new trend line.If the price rises up above the $238 within the next few hours, we can see it heading up to the $256 resistance level again.Charts from bitfinex Disclaimer:The device is now buried under a mountain of garbage at a landfill site in Wales.It will be almost impossible to find.James Howells got rid of the drive, which holds a digital store of 7,500 bitcoins, between June and August this year.The IT worker mined the virtual currency four years ago when it was the exclusive domain of tech geeks.Back then bitcoin was worth very little.On Friday, the cryptocurrency broke through $1,200, making the missing hard drive worth around $9 million.Howells had been hanging onto it for several years before deciding to clean up his home.

After discovering the mistake late last week, a "devastated" Howells began a frantic search through computer files and other drives for a backup.A trip to the garbage dump was the only option."As soon as I saw the site, I thought you've got no chance.The area covered is huge," he told CNN.A spokesperson for Newport City Council said an item thrown away in the summer months would now be buried under 25,000 cubic meters of waste and earth.The council, which operates the dump, said it has helped retrieve items in some circumstances "but this would have to be done very quickly after it was thrown away."Howells said he's had all sorts of suggestions emailed to him about how to get the drive back.But well-meaning individuals shouldn't bother heading to the tip on his behalf - it's closed to the public for safety reasons.Speculators have helped power bitcoin's dazzling rise this year.A growing number of businesses now accept bitcoins, including some Subway sandwich shops and Richard Branson's Virgin Galactic space travel venture, though critics claim it's unlikely to become a legitimate currency.