Is a bitcoin bubble bursting?

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Is a bitcoin bubble bursting?

At the beginning of this month, Bitcoin, which is attracting attention with its rapid rise, is rapidly decreasing as it is rising. The value of the virtual currency has fallen, especially today. At 17:00 CET, with the loss of 18 percent, the price of the balloon declined to 2070 dollars. On June 12, Bitcoin's value rose to the limit of $ 3,000. Bitcoin stands out as the most valuable crypto currency today. Bitcoin, written by open source code by unknown person or persons named Satoshi Nakamoto, laid the foundation for the birth of other crypto currencies. Bitcoin experienced the centralization of adem in 2009. From that day Bitcoin production, management and distribution have been passed by the users. Bitcoin can be produced, sold, or used with other currencies. Bitcoin production is called "bitcoin mining". Creators Satoshi Nakamoto has developed a mixed security algorithm to keep bitcoin production under control. Bitcoin is also rewarded to solve this mixed algorithm. At first glance it seems very simple but you have to have a very powerful processor and graphics card to produce Bitcoin. For example, according to 2016 data, it takes about 1367 years to produce a bitcoin with an average computer (Bitcoins can be produced in blocks of 25 instead of one). So there are two ways to produce Bitcoin: collecting a large number of equipment to set up a Bitcon mining facility or joining the Bitcoin pool.

Is a bitcoin bubble bursting?

Is a bitcoin bubble bursting?

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