Bitcoin, the world's most famous cryptocurrency, has fallen dramatically in value over the last two days, dropping below a $7,000 (€6012) value per one bitcoin on Friday, having edged close to the $8,000 mark as recently as Wednesday evening.

Such swings are nothing new for Bitcoin — it often moves by hundreds of dollars in a given day — and as recently as September, it crashed by around 40 percent in the space of two weeks, dropping from a value of $5,000 to $3,000.

On Friday, Bitcoin had dropped in value to $6,870 on the Luxembourg-based Bitstamp exchange but while the fall, around 7 percent for the week in total, is significant, the overall story for Bitcoin in 2017 has been one of relentless rises.

The value of the digital currency, which was created in 2009 with the aim of securing and organizing financial transactions beyond centralized banking systems, has shot up by an extraordinary 600 percent this year alone.

Don't divide, and conquer?
It has been a dramatic few days for Bitcoin. On Wednesday, a major software upgrade for the technology was suspended after an influential group of Bitcoin developers and investors said it could "divide the community."


The Bitcoin network has struggled to cope with rapidly increasing demand and the upgrade was aimed primarily at dealing with that issue. However, it would also have changed Bitcoin's rules and effectively created a second cryptocurrency, a contentious move among many, hence the "split community" rhetoric.


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https://go2pedia..com.ng/2017/11/bitcoin-value-falls-dramatically-in-48.html?showComment=1510344446881#c4377572700271317726

Another mmm in the making, naija beware.

SpyAC:
Another mmm in the making, naija beware.

Olodo oshi. Educate yourself Ignoramus

What could be responsible for the fluctuations?

yungEX:

Olodo oshi. Educate yourself Ignoramus

Bwa ha ha ha ha ha......ha ha
Laff wan kill me i swear . Ha ha ...ha ha

YoungRichRuler:
What could be responsible for the fluctuations?

Huge money is being made by those fluctuations......

YoungRichRuler:
What could be responsible for the fluctuations?

Last 48 hours dip was from Segwit2x cancellation.

Gone are the days where flunctuations got me worried. Not I just sit back and wait for a new ATH in a matter of weeks. History always repeats itself.

yungEX:

Olodo oshi. Educate yourself Ignoramus

hope u re enjoying ur bitcoin, mu fellow olodo

SpyAC:
hope u re enjoying ur bitcoin, mu fellow olodo

bruh you no get joy oooh