Bitcoin Is Worrying

[Holluwaphemmy]

The rate at which bitcoin dropped in the past few days was disheartening and alarming. Even some other new coins (alt coins) or shit coins were affected some coins also went down to zero value due to the fall of the great Bitcoin. I don't really know what causes a coin to deflate and inflate please can anyone share more light on it?

 

[Chibson]

The truth is that it is very important that bitcoin and other cryptocurrencies are regulated because they can be used for money laundering and other fraud related activities.

But it should not be centralised, but its decentralized nature can be monitored closely. the fact is that bitcoin and some other cryptocurrencies have actually come to stay.