Bitcoin Price Bearish After Network Hiccups

Bitcoin Price Bearish After Network Hiccups

The price of Bitcoin has been slowly dipping downwards since Wednesday, March 2nd and Monday’s spam attack fiasco. The price had previously wavered within the USD $430-440 range up until late Tuesday after the network problems. Now the price has fallen below the sub $400 level and is showing signs of volatility. On February 29th, 2016 the network had what some called a spam or fee attack which slowed trades down and left many unconfirmed transactions in the mempool. I personally waited three and a half days for a large sum of coin I sent over the blockchain for a small two-cent fee. This....


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Quotes

The blockchain keeps everyone honest, and a whole layer of banking bureaucracy is removed, lowering costs.

Paul Vigna, The Age of Cryptocurrency